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The Biden administration has told Congress that it intends to move forward with a plan for the United States to sell more than $1 billion in new weapons to Israel, according to three congressional aides familiar with the deal. The notification of the sale, which would include new tactical vehicles and ammunition, comes as President Biden has withheld a shipment of bombs to Israel, hoping to prevent U.S.-made weapons from being used in a potential invasion of the southern Gaza city of Rafah. The potential arms transfer illustrated the narrow path the Biden administration is walking with Israel, trying to prevent an assault on Rafah and limit civilian casualties in Gaza but continuing to supply a longtime ally that the president has said has a right to defend itself. One congressional aide said Congress had been aware of the arms deal for months, and suggested that the administration had simply waited for a foreign aid package with more aid for Israel to pass before moving forward with the required congressional notification process. When asked about the package, which was reported earlier by The Wall Street Journal, the State Department referred to recent comments from Jake Sullivan, the White House national security adviser, citing a continued commitment to supply Israel with military assistance to defend itself from threats in the region.
Persons: Biden, Jake Sullivan Organizations: Wall Street Journal, State Department, White House Locations: United States, Israel, Gaza, Rafah
Most recently, they're evolving to help advertisers drive a high volume of quality leads. They use instant forms that allow customers to share simple information like name, email, and budget to generate quality leads that drive sales. To make the most of Meta's lead generation solutions, consider these four tips. Watch the video to hear more tips from advertisers who are driving quality leads at scale with Meta's instant forms, or learn more here. Conversion from lead to quality lead occurs when a user takes a qualifying, lower funnel action identified by the business, which moves them into a "quality lead" status.
Persons: Aly Gomez, John, John Wai, that's Organizations: John Wai Martial Arts, Meta, Partners, Meta Business, BR, SK, JP Locations: Dallas , Texas
China’s largest e-commerce group by market share has had a tumultuous year since announcing the biggest shake-up in its 25-year history in March 2023, splitting into six units and refocusing on its core businesses, including domestic e-commerce. Group net income, however was 3.27 billion yuan ($452 million), compared with 23.52 billion yuan a year ago. The group reported revenue of 221.87 billion yuan in the three months ended March 31, compared with a consensus estimate of 219.66 billion yuan, according to LSEG data. The segment delivered with 45% growth, compared with an expected 39% revenue rise, according to LSEG data. It also saw losses nearly double to 4.1 billion yuan ($567 million) from 2.2 billion a year ago as it invested heavily to remain price competitive and shorten delivery times.
Persons: Joe Tsai, , , Jacob Cooke Organizations: Reuters, Consumers, Tmall, Technologies Locations: Hong Kong, New York, China
Republican Mark Christie opposed the rule, dismissing it as a gift to solar and wind power operators. Many power companies and Republican-led states don't want to spend money on new transmission lines or upgrades for renewable energy, creating conflicts with Democratic states that have ambitious clean-energy goals. The rule is intended to streamline how power lines are sited and how costs are shared between states. It could accelerate construction of new transmission lines for wind, solar and other renewable power and add huge amounts of clean energy to the grid. The new rule "will improve regional transmission planning, break down barriers to grid buildout and support the delivery of more affordable and reliable power,″ Zaidi said.
Persons: Joe Biden's, Willie Phillips, Allison Clements, Republican Mark Christie, Phillips, Christie, , Biden, Ali Zaidi, ″ Zaidi, Clements, Heather O'Neill, Chuck Schumer, Schumer Organizations: Federal Energy Regulatory Commission, Democratic, Republican, Energy Department, FERC, Advanced Energy Locations: Washington, U.S
Read previewYour DoorDash or other food delivery apps are a prime target for hackers. One reason: food delivery apps use two-factor authentication — like those codes texted to you before you can log in — less often than other kinds, Sift found. Just 3.5% of log-ins on food delivery apps asked for that kind of verification, making it easier for hackers to get in. Related storiesHackers also target food delivery accounts since many customers only use them periodically — meaning they're less likely to notice if someone takes control. AdvertisementDo you work for DoorDash, Instacart, Uber Eats, or another gig delivery service and have a story idea to share?
Persons: , Brittany Allen, Allen, fraudsters, Uber Organizations: Service, Business, Facebook, Walmart Locations: cryptocurrency
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAll signs point to Mark Zuckerberg celebrating his 40th birthday on what many speculate is his brand-new superyacht Launchpad. But in the yachting world, where privacy is paramount, no party would confirm her owner. This story is available exclusively to Business Insider subscribers. Wingman, the support superyacht that he is suspected to have purchased with Launchpad, made the journey with her.
Persons: , Mark Zuckerberg, Zuckerberg, Ruben Griffioen, eSysman, Autoevolution, Launchpad, he's Organizations: Service, Business, Meta, SuperYacht Times, Marshall Locations: Panama, Fort Lauderdale , Florida, Russian, Launchpad, Feadship's, Netherlands
(Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images)Uber Technologies will acquire the Taiwan business of Delivery Hero -owned Foodpanda for $950 million in cash, as Foodpanda focuses on other markets. In a separate agreement, Delivery Hero will sell $300 million in newly issued ordinary shares to Uber. Taiwan's food delivery market is dominated by Foodpanda and Uber Eats. Delivery Hero said in February it had ended talks to sell its Foodpanda business in selected Southeast Asian markets. Östberg told CNBC the same month that the firm was "happy" to hold on to its Foodpanda business in Southeast Asia "forever."
Persons: Walid Berrazeg, Niklas Östberg, Pierre, Dimitri Gore, Uber, Foodpanda, Östberg, – CNBC's Ryan Browne, Dylan Butts Organizations: Getty, Technologies, Coty, Foodpanda, CNBC Locations: TAIPEI, TAIWAN, Taipei, Taiwan, Asia, Singapore, Malaysia, Thailand, Philippines, Hong Kong, Southeast Asia
CNBC's Jim Cramer on Monday provided his take on four major stocks in the gig economy sector: Uber , Lyft , DoorDash and Instacart parent Maplebear . "After hearing from all of these companies, what I see is a confusing situation: Uber, DoorDash and Instacart are all lower after earnings, while Lyft managed to gain a bit of ground," he said. Uber: Cramer said Uber's recent quarter yielded solid results, but the ride-share company did report some weakness in bookings. Lyft: Lyft reported a good quarter, and Cramer noted that, unlike competitor Uber, it actually saw higher-than-expected bookings. AmazonUber, Lyft, DoorDash and Maplebear did not immediately respond to a request for comment.
Persons: CNBC's Jim Cramer, Lyft, Uber, Cramer, that's, he's, David Risher, Maplebear
The CEO of Europe's biggest airline called Boeing's delivery delays "extremely annoying." AdvertisementThe CEO of Lufthansa has become the second airline boss in recent days to voice his frustration with Boeing over delivery delays. In an interview with Swiss newspaper Neue Zuercher Zeitung published Saturday, Carsten Spohr was asked about the planemaker's delivery delays. In an interview with CNBC, Sheikh Ahmed bin Saeed Al Maktoum told Boeing to "get your act together." AdvertisementAfter announcing his resignation, Boeing CEO Dave Calhoun said the company needed to slow down production in order to focus on safety.
Persons: , Carsten Spohr, Sheikh Ahmed bin Saeed Al Maktoum, Dave Calhoun, Al Maktoum's, Brendan Nelson, Spohr Organizations: Alaska Airlines, Boeing, Service, Lufthansa, Swiss, Neue Zuercher, Europe's, Emirates, CNBC, Boeing Global, Sky Arabia, Ryanair, United Airlines, Max, Airbus, Zuercher Zeitung, Business
Seoul, South Korea CNN —Ghost Shark and Manta Ray protect the undersea realm. Ghost Shark and Manta Ray are the names of prototype uncrewed underwater vehicles – UUVs or drones – introduced recently by Australia and the United States respectively. But when Australia unveiled Ghost Shark last month, it called the prototypes “the most advanced undersea autonomous vehicles in the world.”The first Ghost Shark prototype, "Alpha," was co-developed by the Defence Science and Technology Group, Navy and Anduril Australia. Like the Orca, the Manta Ray hasn’t come together as quickly as Ghost Shark. Its program began in 2020 and DARPA didn’t give a goal for the Manta Ray – or some variant of it – to join the US fleet.
Persons: Ray, Manta Ray, Rodney Braithwaite, ” Shane Arnott, Anduril’s, , Tanya Monro, Emma Salisbury, , ” Salisbury, Chris Brose, Northrop, Manta, Northrop Grumman, ” Kyle Woerner, Kyle Woerner, Manta Ray hasn’t, Manta Ray –, , Salisbury, Sutton Organizations: South Korea CNN, Marvel, Defence Science, Technology Group, Navy, Anduril, Government Defence, Australian Defense Ministry, , US Navy, Boeing, Pentagon, Advanced Research Products Agency, DARPA, Research Projects Agency, Northrop Grumman, Manta, Defense, Research, Agency, US, U.S . Navy Locations: Seoul, South Korea, Australia, United States, Iraq, Afghanistan, Ukraine, Kyiv, Swiss, Anduril Australia, Geostrategy, Southern California, Maryland, California, China, UUVs, Beijing, Canada, France, India, Iran, Israel, North Korea, Norway, Russia, United Kingdom, Sutton
The Battle for The Streets of New York
  + stars: | 2024-05-13 | by ( Dodai Stewart | ) www.nytimes.com   time to read: +11 min
New York City streets and sidewalks have always been crowded, but it’s never been like this. But lately, New York City streets are teetering between lively and unlivable. Karsten Moran for The New York Times“I think this could be the catalyst for a streets renaissance in New York,” Janette Sadik-Khan, New York City’s former transportation commissioner, said in a recent interview. New York City’s population reached 8.8 million in 2020, and the New York region is now home to nearly 19 million people. Use this form to tell us what you think about the state of New York City’s streets.
Persons: it’s, Karsten Moran, ” Janette Sadik, , , Susan Lee, William Notman, Jon Orcutt, you’re, , Henry Hale Bliss, Bliss, James Nevius, George Rinhart, Damon Winter, Sadik, Yorkers who’ve, Ms, Khan Organizations: New, Lexington, Verizon, FedEx, The New York Times, Broadway, Getty, Yorkers, Brooklyn baseball, Midtown, Bike New, city’s Department of Transportation, Park West, Times, New York Times, Cycling Locations: New York City, New York, Manhattan, , New York, York, York’s, Midtown —, Bike New York, United States, Holland, Jackson, Queens, Bogotá, Stockholm, London, Paris, Europe,
Recent reports indicate that Australian home prices are set to continue their upward trend, driven by increasing migration rates and a shortage of housing supply. Treasurer Jim Chalmers is set to deliver the budget on Tuesday, which is expected to focus on addressing the nation's housing crisis. The Albanese government has already said it plans to allocate 88.8 million Australian dollars ($58.7 million) to train 20,000 local workers for the construction and housing sector. The National Housing Supply and Affordability Council (NHSAC) said Australia's limited housing supply has been further stretched by a number of factors, including "the resumption of migration at pace, rising interest rates, skills shortages, elevated construction company insolvencies, weak consumer confidence and cost inflation." She also said high housing prices have "ugly" long-term effects.
Persons: Andrew Merry, Eliza Owen, Jim Chalmers, Albanese, Peter Dutton, Owen, CoreLogic's Owen Organizations: Australia, Reserve Bank, Australian Bureau, Statistics, CoreLogic, ABS, Housing Supply, Authorities, Australian Bureau of Statistics Locations: North Bondi, Sydney, Australia, CoreLogic Australia
"Big Short" investor Danny Moses is still betting against Tesla stock and expects it to fall to $50. Tesla's focus on Robotaxis and AI is a distraction from its "falling apart" core business, he told CNBC. AdvertisementTesla's stock is cruising toward a steep correction, and will see a drop-off that even new tech initiatives can't steer around, investor Danny Moses told CNBC. The Moses Ventures founder revealed a Tesla short last year, sparked by a frustration over CEO Elon Musk's purchase of X, formerly Twitter. While Moses holds Tesla as his primary short, he touted a separate autonomous driving firm called Wayve.
Persons: Danny Moses, Moses, , Tesla, Elon Musk's, Bill Gates Organizations: CNBC, DOJ, Service, Moses Ventures, Elon, Department of Justice, Nvidia
Dishwasher, $790 for four days a weekMy network grew, and another friend told me about a startup called Cook Unity in 2016. Cook Unity is a chef-to-customer meal subscription platform based in Brooklyn. AdvertisementEach of the Cook Unity chefs has a different menu, so I had to learn about various ingredients from different parts of the world. Chef, $969,000 a yearIn 2020, I became a chef for Cook Unity, transitioning from full-time employment to being a contractor. Cook Unity expanded to Los Angeles, Miami, Chicago, Austin, Atlanta, and Seattle.
Persons: , Andres Mendez, I'm, I've, I'd, Café, Cook Organizations: Service, Business, Village, Cook, Cook Unity Locations: New York City, United States, Mexico, Mexican, Brooklyn, New York, Los Angeles, Miami, Chicago, Austin, Atlanta, Seattle, Texas
Immigrants nationwide are relying heavily on gig work driving for Uber and Lyft to make ends meet. AdvertisementThe major ride-hailing companies told BI they aim to support immigrant drivers. BI spoke with a dozen immigrant Uber and Lyft drivers who moved to South Florida from countries including Cuba, El Salvador, Haiti, and Venezuela. Dozens of ride-hail drivers from across the country who spoke to BI over the last few months said they've recently noticed more immigrant drivers on the apps. AdvertisementDespite the challenges of earning enough, some drivers are set on perfecting strategies to make driving work for them.
Persons: Uber, , Rodolfo, He's, he's, Katie Wells, Ellis, Wells, they've, she's, Edgar, didn't, hasn't, Alex, haven't, Eliezer, Carlos, Nicanor Organizations: Service, Ipsos, McKinsey, Georgetown University, International Rescue, Immigrants, Economic, The Washington Post, New York, Deliveristas Unidos, BI, Uber, Amazon, Miami, downtown Locations: South Florida, Venezuela, Washington, DC, Cuba, El Salvador, Haiti, New, Miami, Haitian, Nicaragua, Miami Beach, New York, downtown Miami
I don't know how JPMorgan Chase knew that I would spend $200 on Botox in Argentina, but it did. It's great that banks and credit-card companies are getting better at discerning which payments are fraudulent and which are legit. Credit-card fraud protection is still far from perfect, but there's no denying that the technology is improving. So I reached out to some credit-card companies and academics to learn more. But it's cool that companies really are making fraud detection better, especially in a world where fraudsters themselves are constantly getting better.
Persons: JPMorgan Chase, it's, Nilson, We've, that's, Tina Eide, Eide, Mike Lemberger, they've, Lemberger, here's, Yann, Aël Le Borgne, Gianluca Bontempi, Bontempi, I'd, Le Borgne, somebody's, Emily Stewart Organizations: Citibank, JPMorgan, Federal Trade Commission, American Express, Netflix, Libre de Bruxelles, Companies, Visa, Citi, Business Locations: California, Buenos Aires, Botox, Argentina, North America, Belgium, Lemberger
Warnings continued against the growing offensive in Rafah, considered the last refuge in Gaza for more than a million civilians as well as Hamas' last stronghold. The two towns near Gaza's northern border with Israel were heavily bombed in the opening days of the war. Israel has now evacuated the eastern third of Rafah, and Hagari said dozens of militants had been killed there as "targeted operations continued." Israeli troops have captured the Gaza side of the Rafah crossing, forcing it to shut down. Smoke billows after Israeli bombardment in central Gaza City on March 18, 2024, amid the ongoing battles between Israel and the militant group Hamas.
Persons: Antony Blinken, Israel, Volker Turk, Benjamin Netanyahu, Hatem Khaled, Netanyahu, Abdel, Kareem Radwan, Daniel Hagari, Ben Caspit, Khan Younis, Hagari Organizations: Hamas, Afp, Getty, U.S, CBS, International Court of Justice, United Nations, Palestinian Authority, West Bank, Health Ministry, Palestinian Civil Defense, Al Qahera News Locations: Rafah, Gaza, Israel, RAFAH, Egypt, South, United States, Palestinian, Gaza City, Jabaliya, Beit Lahiya, Gaza's, Hamas, Israel's
I ate at Shake Shack for the first time. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI'd heard good things about Shake Shack, the burger and frozen custard chain that started life as a hot dog stand in New York City. My friend gushed about its cheesy fries after returning from New York, and I'd seen billboards advertising its delicious-looking vegan crispy shallot burger. Shake Shack first came to the UK in 2013.
Persons: , I'd, gushed, Shack Organizations: Service Locations: New York City, New York
Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Silberman noted that U.S. same-store sales growth of 5.6% reflected broad-based momentum, with improved traffic experienced in carryout and delivery. She added that the traffic growth was driven by Domino's revamped loyalty program, strong value proposition, operations and innovation. The analyst also noted that DPZ is benefiting from increased contributions from Uber Eats, thanks to growing marketing efforts and awareness. The analyst thinks that the company's strategic initiatives will enhance same-store sales growth and drive meaningful restaurant margin expansion in the near and long term.
Persons: Lauren Silberman, Silberman, Domino's, Uber, TipRanks, BTIG, Peter Saleh, Saleh, Baird, William Power, Power Organizations: Wall Street, U.S, Deutsche Bank, Investors, Apple's, Apple Locations: China, TipRanks
Ireland and Spain say they will recognize Palestine as a state by the end of the month. Even the United States — long Israel’s closest ally and benefactor — is threatening for the first time since the war began to withhold certain arms shipments. Seven months after much of the world pledged its support to Israel following a Hamas-led terrorist attack, the country finds itself increasingly isolated. Of greatest concern to Israel: splintering relations with the United States. This week, Mr. Biden said the United States was withholding delivery of 3,500 high-payload bombs.
Persons: , Israel, Biden Organizations: Palestine Locations: Turkey, Israel, Ireland, Spain, States, Gaza, United States
US F-16s will have a big impact in helping Ukraine reclaim Crimea, an analyst told BI. AdvertisementThe delivery of US-made F-16s could play a crucial role in Ukraine's attempts to take back occupied Crimea, a defense expert told Business Insider. In the latest blow on Monday, Ukraine used an exploding naval drone to destroy a Russian military speedboat in Crimea. Explosion causes fire at the Kerch bridge in the Kerch Strait, Crimea on October 08, 2022. There are signs that these attacks are forcing Russia to rethink its use of the peninsula and the Kerch bridge.
Persons: , Ukraine's, Frederik Mertens, Mertens, Putin, Vera Katkova, Molfar Organizations: Service, Hague, Strategic Studies, Kharkiv, US, The New York Times, Army Tactical Missile Systems, Sea, Russian Defense Ministry Press Service, AP, Fleet, Anadolu Agency, Getty Locations: Ukraine, Crimea, Denmark, Norway, Belgium, France, Romania, Kerch, Ukraine's, Russian, Russia, The, Sevastopol
President Biden laid it out for Prime Minister Benjamin Netanyahu of Israel long before letting the public know. For the first time, the president who had so strongly backed Israel’s war against Hamas was essentially threatening to change course. Six days later, on Feb. 17, Mr. Biden heard from Secretary of State Antony J. Blinken. Despite the president’s warning, Mr. Blinken reported that momentum for an invasion of Rafah was building. Mr. Netanyahu responded defiantly, vowing to act even “if we need to stand alone.”
Persons: Biden, Benjamin Netanyahu, Israel, Antony J, Blinken, Netanyahu, Organizations: Hamas Locations: Gaza, Rafah, Munich, United States, Israel
The report also did not find that Israel had intentionally obstructed humanitarian aid into Gaza. Such a finding would have triggered a U.S. law barring military aid to countries that block such assistance. They argue that Israel has indiscriminately killed civilians with American arms and intentionally hindered U.S.-supplied humanitarian aid. Either would violate U.S. laws governing arms transfers to foreign militaries, as well as international humanitarian law, which is largely based on the Geneva Conventions. The United States provides Israel with $3.8 billion in annual military aid, and Congress last month approved an additional $14 billion in emergency funding.
Persons: Biden, Israel “, , President Biden, Israel, Israel’s, Israel ”, Brian Finucane, Finucane, , Chris Van Hollen, Netanyahu, Benjamin Netanyahu, Mr, ” “, , Josh Paul, Biden’s, John F, Kirby Organizations: State Department, Israel Defense Forces, President, Crisis, United, U.S ., Biden Administration, Israel, The State Department, Central Kitchen Locations: Israel, Gaza, United States, U.S, Rafah, Congress, Geneva, Maryland,
Read previewSome Instacart shoppers are the targets of a scam centered on gift cards. "Within 30 seconds, I got a message about buying the Vanilla Visa gift card," she said. Instacart forbids shoppers from adding gift cards to orders, a screenshot of the company policy seen by BI indicates. "Customers are not able to order gift cards through the Instacart platform or place a special request for a gift card via chat," an Instacart spokesperson told BI. AdvertisementInstacart also tells shoppers not to purchase gift cards for customers, the spokesperson added.
Persons: , they've, Instacart, Jim, itsjwest, Heidi Bleau, Bleau Organizations: Service, Business, Walgreens, BI Locations: Massachusetts, cologne
Inside Tesla's chaotic month of brutal layoffs
  + stars: | 2024-05-11 | by ( Grace Kay | ) www.businessinsider.com   time to read: +6 min
Several executives at the company have departed and Tesla workers say morale is flagging. AdvertisementTesla faces headwindsAhead of the layoffs, Tesla's delivery numbers slumped, falling below Wall Street's estimates. AdvertisementMore on the EV slowdown:The cuts commenceBefore Musk notified staff of the mass layoff, workers had been wary of impending cuts. Tesla workers hadn't seen such a deep cut since 2022 when Tesla slashed 10% of its salaried staff. In the weeks that followed, Musk cut Tesla's US advertising team and reportedly chose to slash Tesla's entire Supercharging team, as well as its vehicle programs and new product introduction team.
Persons: , Elon, Musk, Tesla, Elon Musk, Omar Marques, they'd, Tesla's, he'd, Justin Sullivan, Tom Zhu Organizations: Service, Business, Tesla, Musk, Bloomberg, Getty Locations: Tesla, Berlin, China —, Fremont, California, China
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