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☆ Why the Swedish and Finnish Air Forces are a powerful add to NATO
▼ + stars: | 2024-05-30 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Finland's F/A-18 Hornets — which used to be the US Navy's standard fighter — are already compatible with NATO air forces. This puts several squadrons of stealth fighters on Russia's northern border, with the potential to penetrate and suppress Russian air defenses, and hit vital targets. "Both Finland's and Sweden's proximity allows NATO air forces to stage closer to the Baltics. Similarly, Sweden's Gotland island — located almost midway in the Baltic, about 60 miles from the Swedish mainland and 80 miles from the Baltic States — provides NATO with an advanced outpost. Their air forces are vital for this Nordic push, and will become very useful to further deter and defend the increasingly contested arctic space with Russia."

Persons: Paul Cormarie, John Hoehn, Sweden's JAS, Finland's, Ian Valley, Hoehn, Cormarie, Michael Peck Organizations: Service, NATO, RAND, Corp, Modern, Institute, Business, Nordic, Gripen, UK's Royal Air Force, Finnish Air Force, US Army, —, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Finland, Sweden, West, Russia, Finnish, Swedish, France, Germany, Warsaw, Poland, Europe, Rovaniemi, US Army Sweden, Baltic States, Baltic, Norway, Norwegian, North, Estonia, Latvia, Lithuania, Gotland, —, Pacific, United States, Taiwan, China, Forbes

☆ US and UK carry out strikes against Houthi targets in Yemen for first time in months
▼ + stars: | 2024-05-30 | by ( Oren Liebermann | ) edition.cnn.com time to read: +2 min

CNN —The US and UK carried out a series of strikes against Houthi targets in Yemen on Thursday for the first time in more than three months, according to US Central Command. In addition, the US unilaterally destroyed eight aerial attack drones over Yemen and the Red Sea. The coalition strikes targeted 13 Houthi targets in parts of Yemen controlled by the Iran-backed terror group. The last round of strikes occurred on February 24, as the US and UK targeted Houthi weapons and radar sites. This week, the US destroyed Houthi missile launchers in Yemen and intercepted aerial attack drones.

Persons: Lax, Dwight D, Eisenhower, Carney, Lloyd Austin, ” Organizations: CNN, US Central Command, US Navy, US, Central Command, Prosperity Guardian, Houthi Locations: Yemen, Iran, Aden, Red

☆ Amazon Prime now includes a Grubhub food-delivery subscription
▼ + stars: | 2024-05-30 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon is offering Prime members free Grubhub subscriptions in its latest effort to sweeten the perks of the $139-a-year loyalty program. The e-commerce giant previously gave Prime members a yearlong subscription to Grubhub, which includes free delivery on orders over $12. As part of the move, people without Prime can also place Grubhub orders directly through Amazon's website and mobile app. It launched Amazon Restaurants in 2015, allowing Prime members to order meals from local restaurants, which were then delivered by its fleet of drivers. The company shuttered Amazon Restaurants four years later to focus on grocery delivery.

Persons: Uber Organizations: Walmart, Target, U.S ., Amazon Locations: New York, Grubhub

☆ Ukrainian Drone Strikes Target Russian Nuclear Radar Stations
▼ + stars: | 2024-05-30 | by ( Maria Varenikova | ) www.nytimes.com time to read: +1 min

In recent days, Ukraine has conducted a series of drone attacks inside Russia, including one of the longest-range strikes of the war, that target radar stations used, at least partly, as early nuclear warning systems by Moscow. On Monday, Ukraine struck a radar station near the border with Kazakhstan that was more than 1,100 miles away, a Ukrainian intelligence official said. Ukrainian experts said the facility was used to detect missile threats from Asia. On Tuesday morning, the governor of the Krasnodar region of Russia reported that a Ukrainian drone was downed in the sky over the town of Armavir, which is home to two radar stations. Ukraine did not report any new strikes that day.

Persons: Biden Locations: Ukraine, Russia, Moscow, Kazakhstan, Ukrainian, Asia, Krasnodar, Armavir, Kyiv, United States, Kharkiv

☆ Analysts defend Salesforce, saying the sell-off is overdone and AI impact is ahead
▼ + stars: | 2024-05-30 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Even a sharp sell-off in Salesforce stock Thursday — down as much as 21% intraday — isn't keeping some analysts on Wall Street from sticking with their optimistic outlooks on the maker of customer relationship management software. Salesforce executives tied the disappointing results to elongated deal cycles throughout the first quarter that hit the company's booking schedule. Weiss reiterated an overweight rating on Salesforce, albeit with a $320 per share price target, down from $350. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Salesforce stock, but lowered his price target to $315 per share from $345. The analyst reiterated an overweight rating on the stock with a $300 per share price target, or about 10% upside from yesterday's close.

Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Keith Weiss, Weiss, Kash Rangan, Rangan, Mark Murphy, Tyler Radke, Radke Organizations: Wall, JPMorgan, Citigroup Locations: Salesforce, CY25

Daiwa raised its price target to $1,325 on Nvidia, calling for more than 15% upside. Mizuho, meanwhile, upgraded PayPal to buy from neutral with a price target that implies more than 45% upside. — Brian Evans 5:46 a.m.: Daiwa increases Nvidia price target, says company is AI's 'big winner' Shares of soaring chipmaker Nvidia have more room to run, according to Daiwa Capital Markets. Analyst Louis Miscioscia raised his price target on the chipmaker to $1,325 from $900, which implies more than 15% upside from Wednesday's close. Nvidia stock has gained roughly 132% in 2024, adding to last year's 238% surge, as investors cheer the company's AI prospects.

Persons: Daiwa, Mizuho, Okta's, OKTA, Peter Levine, Brian Evans, Maheep Mandloi, — Brian Evans, Baird, Michael Ha, Ha, Louis Miscioscia, Miscioscia, Dan Dolev, Dolev, Fred Imbert Organizations: CNBC, Nvidia, PayPal, Mizuho Securities, Solar Mizuho Securities, UnitedHealth, Daiwa, Markets, Mizuho, comm Locations: Wednesday's, OptumCare

☆ 30-year-old who brings in $27,000 a month in passive income: 5 things I refuse to spend money on
▼ + stars: | 2024-05-30 | by ( Domonique Brown | ) www.cnbc.com time to read: +2 min

Now, four years later, it has grown into a successful business, earning me around $27,000 a month in passive income at age 30. Even though I make a decent amount of money in passive income, I remain frugal. Here are five things I refuse to spend my money on:1. DON'T MISS: The ultimate guide to earning passive income online3. Now, I set aside funds each month so that when an item breaks, I have money saved up to repair or replace it.

Persons: Domonique Brown, Goody Tru, It's, I've, pedicures Organizations: Disney, Target, Samsung, Walmart, Urban Outfitters, Casinos Locations: California, Las Vegas

☆ Best Buy surges on signs that the expected AI-driven PC and smartphone refresh is starting
▼ + stars: | 2024-05-30 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Bottom Line This was a better-than-feared quarter from Best Buy. Services are an area that Best Buy can lean into and leverage to differentiate from online retailers like Amazon . Importantly, she noted that not only will Best Buy have the largest assortment of AI-enabled PCs but over 40% of that assortment will be exclusive to Best Buy. Going back to how Best Buy can compete with the likes of Amazon, Best Buy is working closely with vendors on marketing strategies and demonstrations to offer a "unique educational and interconnected digital shopping journey." Bimal Tandel photographs Bhavin Tandel and Dinesh Tandel, crew members on the Klara Oldendorff, in front of a Best Buy in Timonium, Maryland, U.S., March 29, 2024.

Persons: Corie Barry, we're, Barry, FactSet, Jim Cramer's, Jim Cramer, Jim, Bimal, Bhavin Tandel, Dinesh Tandel, Klara Oldendorff, Julia Nikhinson Organizations: LSEG, Services, Amazon, Computer, Target, Walmart, Costco, Barry, Apple, CNBC Locations: Timonium , Maryland, U.S

☆ Salesforce shares tumble 20%, on pace for worst day since 2004
▼ + stars: | 2024-05-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Photographer: David Odisho/Bloomberg via Getty ImagesShares of Salesforce tumbled 20% Thursday morning, putting the stock on pace for its worst day in nearly 20 years. Its worst trading day on record is July 4, 2004, when shares fell 27% just days after the company went public. Salesforce expects second-quarter adjusted earnings per share of $2.34 to $2.36 on $9.2 billion to $9.25 billion in revenue. Goldman Sachs analysts reiterated their buy rating on the stock and said they view Salesforce as a "high-quality software franchise." Goldman Sachs analysts said in a note Wednesday that Salesforce is "an under-appreciated Gen-AI winner."

Persons: Marc Benioff, Benioff, David Odisho, Salesforce, LSEG, Salesforce's, Goldman Sachs, Morgan Stanley, — CNBC's Michael Bloom, Jordan Novet Organizations: Salesforce.com Inc, Bloomberg, Getty, Citi Locations: San Francisco , California, Francisco's

☆ Your back and neck pain might have nothing to do with your bad posture, a posture historian says
▼ + stars: | 2024-05-30 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +5 min

Experts previously told Business Insider that bad posture can cause neck and back pain, wear and tear on joints and discs, decreased flexibility, and other health issues. A lack of evidenceDespite a lack of solid evidence, many believe that bad posture inevitably causes back pain. Justin Paget/Getty ImagesDespite the general assumption that bad posture leads to a bad back, there's limited science to back that up. Advertisement"There have been a few studies that indicate that there isn't solid scientific evidence to show that a person who slouches more is more likely to have back pain," Linker told BI. While it's easy to blame bad posture for back pain and other spinal health issues, Linker said that it's actually more complicated.

Persons: —, Beth, Pechan, we've, Plato, slouching, Justin Paget, it's Organizations: Service, Business, Getty, Harvard University, Harvard Crimson, Mayo Clinic Locations: Modern America

☆ The American shopping spree is losing steam
▼ + stars: | 2024-05-30 | by ( Bryan Mena | Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

CNN —It’s becoming tougher and tougher for Americans to carry on with their spending spree. Years of elevated inflation and the highest interest rates in almost a quarter century are wearing out the US consumer. Savings accumulated during the Covid-19 pandemic are drying up, borrowers continue to rack up debt and delinquencies are marching higher. A second estimate of gross domestic product, released Thursday, showed that consumer spending was weaker in the first three months of the year than initially reported. Economists polled by FactSet are expecting data to be released Friday to show that consumer spending slowed notably in April from March.

Persons: CNN —, they’ll, ” Carol Schleif, FactSet, Thomas Kingsbury, TJ Maxx Organizations: CNN, Savings, BMO Family Office, Employers, Walmart, Dollar, Goods, Abercrombie, Fitch

☆ Big Tech's valuations are 'quite full' but reasonable, says Barclay's Venu Krishna
▼ + stars: | 2024-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech's valuations are 'quite full' but reasonable, says Barclay's Venu KrishnaVenu Krishna, Barclays head of U.S. equity, joins 'Squawk on the Street' to discuss why valuations look 'pretty full', if there's downside risk to Krishna's year-end target, and what it all means for asset allocation.

Persons: Barclay's Venu Krishna Venu Krishna Organizations: Barclays

☆ CNBC's Inside India newsletter: Could markets sink even if Modi wins?
▼ + stars: | 2024-05-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Separately, the stock market will also deliver its verdict when markets open on Monday. Nervousness among investors over the results has meant that the India VIX index, the market's so-called fear gauge, has shot up by more than 135% since its April lows. However, some equity strategists point out that even a landslide victory for Modi's BJP could potentially sour the stock market. Meanwhile, Gautam Chhaochharia, head of global markets for India at UBS, said foreign investors are in a "wait and watch mode" ahead of India's election results despite economic fundamentals looking "very, very strong."

Persons: Narendra Modi's, Modi, Bradley Saunders, Saunders, Venugopal Garre, —, Garre, Fitch, SRH, Mark Mobius, Gautam Chhaochharia Organizations: Bloomberg, Getty, BJP, Traders, " Bank of America, Capital Economics, Modi's BJP, —, Reuters, Kolkata Knight Riders, IPL, Sunrisers, Knight Riders, CNBC, UBS Locations: Delhi, India, Kolkata, Sunrisers Hyderabad

☆ Elon Musk has been getting Trumpier. A direct line to Trump may be next
▼ + stars: | 2024-05-30 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +9 min

CNN —Elon Musk has sought to accumulate political capital commensurate with his extravagant wealth. Musk has discussed advising Trump should he win the 2024 election, the Journal reported, citing unnamed sources. Musk called Trump directly via cellphone to explore a role that could potentially give Musk significant influence over US policies. Reporting that Musk and Trump’s relationship has improved comes after Musk’s politics have become more aligned with Trump’s. For Musk to have a direct, private line to a future President Trump “would seem to be a blatant conflict of interest,” said Darrell West, a senior fellow in the governance studies program at the Brookings Institution.

Persons: CNN — Elon Musk, Musk, Donald Trump, Trump, Brian Hughes, –, Andrew Harnik, ”, Darrell West, ” West, Herika Martinez, —, Donald Trump’s, Biden, Ron DeSantis, Robert Kennedy , Jr, Paul Pelosi, Hillary Clinton, White supremacists, Imran Ahmed, X, CCDH, Donie O’Sullivan Organizations: CNN, Republican, Wall Street, Trump, SpaceX, Tesla, Brookings Institution, Securities and Exchange Commission, Federal Trade Commission, Traffic Safety Administration, Justice Department, Migrants, US Border Patrol, AFP, Getty, Twitter, US, Republican Florida, Politico Locations: Paris, El Paso , Texas, Ciudad Juarez, Chihuahua State, Mexico

☆ Your guide to Wall Street analyst research and how to use it like the investing pros
▼ + stars: | 2024-05-30 | by ( Scott Schnipper | ) www.cnbc.com time to read: +10 min

Wall Street sell-side research is a key part of the financial markets, written by analysts working for brokerage firms, investment banks and other institutions. Research reports An analyst's published research report might include a company overview with basic information about a company's business, products and position in the relevant market. This is especially true when an analyst is first initiating research coverage into a particular company or industry. Analyst recommendations affect stock prices every day , especially if an analyst or her firm is highly reputable or believed to hold expertise in a particular area. Contrarian indicators Analyst recommendations can occasionally act as a contrarian indicator , too.

Persons: Merrill Lynch, Henry Blodgett, Merrill Organizations: Research, Wall, Sarbanes, Oxley, Global, Securities and Exchange Commission, National Association of Securities Dealers, CNBC Pro Locations: Sarbanes

☆ Stocks making the biggest moves premarket: Salesforce, Kohl's, Foot Locker and American Eagle Outfitters
▼ + stars: | 2024-05-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Foot Locker — Shares rallied more than 12% in the premarket after the apparel and sneaker retailer reported first-quarter earnings that beat expectations . The company posted an adjusted profit of 22 cents per share, while analysts polled by LSEG expected earnings of 12 cents per share. The company's $3.18 billion revenue also came below the expected $3.34 billion. American Eagle Outfitters — Shares slipped 7% after the company posted weaker-than-expected sales in its fiscal first-quarter, despite beating on earnings. Analysts surveyed by StreetAccount were expecting a loss of 30 cents per share on $84.4 million of revenue.

Persons: Salesforce, Dan Dolev, Birkenstock, LSEG, Mary Dillon, Mike Mathias, StreetAccount, UiPath, Rob Enslin, — CNBC's Michelle Fox, Fred Imbert, Yun Li, Sarah Min, Jesse Pound, Pia Singh Organizations: PayPal, Mizuho, ISI, CNBC, LSEG, Revenue, American Eagle Outfitters, Finance, HP Locations: €

☆ Fed's favorite inflation gauge is expected to show very slow progress on Friday
▼ + stars: | 2024-05-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Inflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to show more of that creeping progress. Core inflation is expected to have slowed to 0.2%, which would represent at least some further progress toward easing price pressure on weary consumers. "That said, getting to the Fed's 2% target is apt to be a bumpy landing." However, policymakers' expectations that housing inflation will cool this year have been largely thwarted, throwing another wrinkle into the debate. CPI inflation ran at 3.4% for the all-items measure in April and 3.6% for core, well above the Fed's target.

Persons: Dow Jones, Carol Schleif Organizations: Dow, BMO Family Office, Labor Locations: PCE

☆ New basketball league Unrivaled lands star-studded investor lineup, aims to pay highest average salary in women's pro league sports
▼ + stars: | 2024-05-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

A new women's basketball league has attracted a star-studded roster of investors from the media and sports world at a time when ratings and general interest in the WNBA and other professional women's leagues is rising. Unrivaled, the pro women's basketball league founded last year by New York Liberty's Breanna Stewart and Minnesota Lynx's Napheesa Collier of the WNBA, said Thursday that it had closed on a seed funding round ahead of its January launch. Athletes will be given equity in the new league, and Unrivaled said it will also feature contract opportunities that will offer the highest average salary in women's pro sports league history. Many female athletes play in other countries when the WNBA season ends to boost their earnings potential. Unrivaled's season will run from January to March and feature 30 of the top women's basketball players across six teams for a 3-on-3, compressed full court style of play on a soundstage in Miami.

Persons: Napheesa Collier, New York Liberty's Breanna Stewart, John Skipper, Turner, David Levy, Ann Sarnoff, Star Carmelo Anthony, Alex Morgan, David, Skipper, Alex Bazzell, Stewart, Collier Organizations: Minnesota Lynx, New York Liberty, Target, New York, ESPN, Warner Bros, NBA, U.S, soccer, Meadowlark Media, WNBA Locations: Minneapolis , Minnesota, New, Minnesota, U.S, Miami

☆ Biden gives Ukraine permission to carry out limited strikes within Russia using US weapons
▼ + stars: | 2024-05-30 | by ( Alex Marquardt | Jennifer Hansler | ) edition.cnn.com time to read: +3 min

The loosening of the restrictions marks a break from long-standing policy and comes amid growing international pressure from close US allies. But it is limited to the area around Kharkiv, and Ukraine has not requested permission beyond that, the official said, adding that they do not anticipate the US widening the area allowed. Russian forces, ammunitions depots and logistical hubs can now be targeted with US-provided artillery and rockets across the border from Kharkiv in western Russia. But the prohibition has blocked Ukraine from targeting Russian aircraft that are on the ground inside Russia. “Ukrainian soil is being attacked from bases in Russia,” Macron said during a visit to Schloss Meseberg in Brandenburg, Germany.

Persons: Joe Biden, “, Antony Blinken, ” Blinken, Olaf Scholz, Emmanuel Macron, ” Macron, Germany’s Scholz, Macron’s Organizations: CNN, Politico, Kyiv, US Locations: Ukraine, Kharkiv, Russia, Russian, Washington, Moldova, “, Meseberg, Brandenburg, Germany, United States

☆ A wave of AI 'acquihires' is coming. Here's who could be looking for deals.
▼ + stars: | 2024-05-30 | by ( Rebecca Torrence | Riddhi Kanetkar | ) www.businessinsider.com time to read: +8 min

But the tech giant's play underscores the market's demand for tech talent — and venture capitalists expect a wave of "acquihires" to hit the AI ecosystem later this year. M&A dealmaking among AI startups is already off to a strong start this year, with 55 exits recorded in Q1 of 2024, per Crunchbase data. AdvertisementThe majority of AI startups are overpriced, said Konstantin Vinogradov, general partner at Runa Capital. AI startups with revenue in the single-digit millions that raised money at unicorn valuations, Dash said, might not even have that option. Those deals don't make sense for buyers, he said, which could lead Big Tech companies or other AI startups to poach their talent instead.

Persons: —, Inflection's, Ayangar, Konstantin Vinogradov, Somesh Dash, overshadowing, Shmuel Chafets, Sivesh Sivakumar, Shaun Johnson, Naveen Rao, Sivakumar, Johnson, PhotoRoom, Aravind Srinivas, Mike Smeed, Chafets, Dash, they'll Organizations: Service, Microsoft, Business, Investors, Runa, Big Tech, Apple, Target, Ventures, Accenture, Boston Consulting Group, Intuit, Nike, American Express, Safeway, InMotion Ventures, Disney, Netflix Locations: OpenOcean, Snowflake, Databricks

☆ What is a catalytic converter and why do people keep stealing them?
▼ + stars: | 2024-05-30 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN —Johnny Wactor, an actor who formerly starred in “General Hospital,” caught people in the act of stealing the catalytic converter from his car Saturday. But, up to last year, catalytic converter thefts had been rising sharply, up by a factor of four, since 2020. A catalytic converter cleans a car’s exhaust, making the air safer to breathe for all of us. On its website, the US Environmental Protection Agency has called the catalytic converter “one of the great environmental inventions of all time.” But it’s not what the catalytic converter does that attracts desperate criminals. For the most part, the catalytic converters end up getting sold to recycling companies that strip out the materials to make new catalytic converters.

Persons: Johnny Wactor, ”, Wactor, It’s, they’ve, Richard Waitas, That’s, Scott Vollero, Christopher Gaines, you’ve, it’s Organizations: CNN, “, National Insurance, US Environmental Protection Agency, National Automobile Dealers Association, Recycling Locations: Angeles, California

☆ US-supplied tanks aren't sufficient in a 'war of drones,' Ukrainian soldier told CNN
▼ + stars: | 2024-05-30 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

1 target, a Ukrainian soldier told CNN. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTanks supplied by the US are not proving helpful enough for Ukrainian soldiers amid a war that has been heavily reliant on drones. Military experts previously told Business Insider that the use cases for the tanks would be limited due to terrain conditions and the lack of tank-on-tank warfare, which is the Abrams' specialty. This story is available exclusively to Business Insider subscribers.

Persons: —, Abrams Organizations: Ukraine, CNN, Service, Military, Business Locations: Ukraine, Ukrainian

☆ This software stock is quietly one of the best tech stocks of the decade and Bank of America sees more gains ahead
▼ + stars: | 2024-05-30 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Cadence Design Systems is well ahead of its artificial intelligence peers when it comes to delivering steady returns, according to Bank of America. The electronic systems design company is a "high-quality growth compounder" that's "well levered to AI," analyst Vivek Arya said in a Wednesday note to clients. Cadence develops software, hardware and intellectual property that is used to design chips and printed circuit boards, among other related products. "Over the past decade CDNS has delivered 33% annualized returns, 300bps ahead of rival SNPS , and among top 5 across our coverage, well-ahead of SOX index up 25%. Importantly, CDNS stock has outperformed the SOX index each of the 18 times the SOX index declined by over 10% since 2010."

Persons: Vivek Arya, Arya, CDNS Organizations: Cadence Design Systems, Bank of America, Cadence, PHLX Semiconductor, SOX, Nvidia, AMD, Samsung Locations: SOX

☆ We're adding to our geopolitical hedge and a struggling health-care stock
▼ + stars: | 2024-05-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We are buying 55 shares of Abbott Laboratories at roughly $100.89 and 200 shares of Coterra Energy at roughly $27.44. The stock continues to slide along with many other names in health care as investors focus mainly on the artificial intelligence trade. We're adding to Coterra because we want to more energy exposure on our books due to the rising geopolitical tensions in the Middle East. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, Abbott, There's, ABT, Jim Cramer, Jim, Brandon Bell Organizations: Abbott Laboratories, Coterra Energy, ABT, CTRA, Abbott Labs, ConocoPhillips, CNBC, Getty Locations: Monahans , Texas

☆ China is developing systems to hunt US submarines from the air
▼ + stars: | 2024-05-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

China is developing new systems to hunt the US nuclear-powered submarines that could threaten a Chinese invasion of Taiwan, according to a new report. Also significant is that Chinese airborne sub hunters are tasked with protecting Chinese ballistic missile submarines as they sail to their patrol and launch locations. Current Chinese sonobuoys require "a complicated and labor-intensive series of manual button presses to configure sonobuoy parameters such as radio working frequency, working depth, working time, and pulse form to fit maritime conditions before deployment." "PLAN ASW units are training under more realistic conditions, and breaking down administrative barriers which prevented them from generating more training opportunities in different operational environments." AdvertisementFor example, since 2015, training materials have stressed the need for ASW aircraft and ships to work closely together, which is standard practice in the US and Western navies.

Persons: Eli Tirk, Daniel Salisbury, Tirk, Deanna C, Michael Peck Organizations: Service, Business, People's Liberation Army Navy, Taiwan, China Maritime Studies, Naval War, PLAN, US Navy, China Electronics Technology Group Corporation, Aviation Industry Corporation of China, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Taiwan, Japan, Salisbury, America, Forbes

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