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While donations to charity have been rising, the pool of donors is shrinking, as philanthropy becomes hyper-concentrated among a small group of ultra-wealthy mega-donors, according to a new study. While women make up11% of the ultra-high-net-worth population, they account for 22% of the larger givers, according to the study. Today’s ultra-wealthy donors also prefer to give through private foundations and donor-advised funds — which give them more control — rather than simply writing checks to the Red Cross or United Way. The top charitable cause for ultra-wealthy donors was education (at 54%), according to Altrata. "There is some evidence that the ultra-high-net-worth population has different skews from the broader population," Pasic said.
Persons: Melinda Gates, Robert Frank, Mark Suzman, Amir Pasic, Indiana University Lilly, , , Altrata, Pasic Organizations: Gates Foundation, Indiana University, Indiana University Lilly Family School of Philanthropy, Cross, Federal Reserve Locations: Khayelitsha, Cape Town , South Africa, Altrata, North
America's first commercial-scale offshore wind farm is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms. The Biden administration has approved six commercial-scale offshore wind energy projects, and auctioned lease areas for offshore wind for the first time off the Pacific and Gulf of Mexico coasts. Ørsted CEO Mads Nipper called the opening a major milestone that proves large offshore wind farms can be built, both in the United States and in other countries with little or no offshore wind energy currently. The first U.S. offshore wind farm was supposed to be a project off the coast of Massachusetts known as Cape Wind. The nation's second large offshore wind farm, Vineyard Wind, is expected to open later this year off the coast of Massachusetts, too.
Persons: Ørsted, Kathy Hochul, Deb Haaland, Biden, Hochul, , ” Hochul, Eversource, Mads Nipper, Equinor, David Hardy, Ørsted . Ørsted, It’s, it’s, Haaland Organizations: Montauk Point , New York . New York Gov, . New York, Fork, Associated Press, Ørsted ., DONG Energy, Danish Oil, Gas, Industry, Copenhagen Infrastructure Partners Locations: Montauk Point , New York ., Gulf of Mexico, . New, York, Rhode Island, Long, United States, New York, Norwegian, Denmark, Germany, U.S, Massachusetts, Avangrid, Copenhagen, AP.org
He was elegant at the Oscars in a custom Louis Vuitton double-breasted tuxedo with crystal buttons and gold-tipped cowboy boots. There was her black 3D molded custom Louis Vuitton petal dress for the Emmys. He mixed patterns in a red Vuitton evening jacket and trouser set for the Golden Globes. She picked up a supporting actress Oscar in a custom Louis Vuitton gown in pale blue with oversize, fringed sleeves. At the Golden Globes, his sling came with nail art that spelled “ouchy,” the best accessory of the night.
Persons: Margot Robbie, Jeremy Allen White, Danielle Brooks, Christian Siriano, Zendaya, Timothée Chalamet, COLMAN DOMINGO, Valentino Haute Couture, Louis Vuitton, “ Rustin ”, Domingo, LILY GLADSTONE, , Valentino, Lenise Omeasoo, Joe Big, CILLIAN MURPHY, Oppenheimer, Saint Laurent, he's, Barbie, AYO, BARRY KEOGHAN, Keoghan, Tiffany, DA'VINE JOY RANDOLPH, Valdrin Sahiti, Randolph wowed, Robert Wun, Randolph, Oscar, PEDRO PASCAL, “ ouchy, GRETA LEE, Loewe, Loewe's Jonathan Anderson Organizations: Screen, British Vogue, Golden Globes, Hollywood, Burberry, Givenchy, British Film, Bottega Locations: Hollywood, British, Bottega Veneta
By Mohammed GhobariADEN, Yemen (Reuters) -Yemen's port city of Hodeidah and other western coastal areas were hit on Monday by at least 17 airstrikes attributed to a U.S.-British coalition defending ships in the Red Sea, according to Al Masirah, the main Houthi-run television news outlet. The strikes follow the first civilian fatalities and vessel loss since the Iran-aligned Houthis began attacking commercial shipping in November. They also coincide with the first day of the Islamic holy month of Ramadan, a period of fasting for Muslims. The Houthis killed three crew of the Barbados-flagged, Greek-operated True Confidence on Wednesday in an attack off the port of Aden. (Reporting by Mohammed Ghobari in Aden, Adam Makary in Cairo; writing by Lisa Baertlein in Los Angeles; Editing by Kevin Liffey and Sephen Coates)
Persons: Mohammed Ghobari ADEN, Al Masirah, Houthis, Ras Issa, Mohammed Ghobari, Adam Makary, Lisa Baertlein, Kevin Liffey, Sephen Coates Organizations: British, U.S ., Hamas Locations: Yemen, Hodeidah, U.S, Red, Iran, Israel, Gaza, Ras, Barbados, Aden, Africa's, Suez, Cairo, Los Angeles
Cynthia Erivo and Ariana Grande are costarring in the film adaptation of "Wicked" this year. Erivo wore a green dress referencing Elphaba, while Grande wore a pink gown for Glinda. AdvertisementCynthia Erivo and Ariana Grande walked the 2024 Oscars red carpet on Sunday in gowns that paid homage to their starring roles in the upcoming movie "Wicked." When Grande walked the red carpet a few moments later, she did it in a bubblegum-pink Giambattista Valli gown with an oversize, poofy cape. Erivo and Grande are set to present an award during the ceremony, taking their friendship on-screen for the first time.
Persons: Cynthia Erivo, Ariana Grande, Erivo, Grande, Glinda, , Louis Vuitton, Oz, Hollywood , California Kevin Mazur, Giambattista Valli, Gregg DeGuire, Tiffany Organizations: Service Locations: Hollywood , California
Read previewThe Florida condo market is caught in a storm. By contrast, median condo prices nationally rose 8% over the same period, to around $340,000. A deepening insurance crisis for Florida homeownersThe rising cost of insurance has been a long-simmering problem in Florida. Recently, he walked away from buying a $300,000 condo in North Palm Beach that would have come with a $4,500 annual insurance bill. On his own single-family home in Palm Beach Gardens, Forina added, his annual insurance premium, which was $2,600 in 2017, jumped to $8,200 in 2024.
Persons: , It's, Joe Humphfner, rusk, Florida homeownership, Holly Meyer Lucas, Meyer Lucas, Anthony Forina, Forina, Humphfner Organizations: Service, Business, Sunshine State, Farmers Insurance, Bankers Insurance, Homeowners, Wall Street Journal, Condo, Humphfner Locations: Florida, Jupiter, West Palm, Jacksonville, Miami, Coral, Florida's, South Florida, North Palm, Palm Beach
Two decades later, she's still my closest friend — even though she's a boomer and I'm Gen X. She knows I love food and hate food after my mother took me to Weight Watchers when I was 13. AdvertisementNow, she's helping me get through a divorceIn September, my husband of 21 years surprised me with a divorce. I'm comforted by the love she found in a second husband a few years after her divorce. On the long road to divorce recovery, Kathy keeps showing up.
Persons: , Kathy, Amy, Kathy's, she's, Spaghettios, She's, who've, I'm Organizations: Service, Business Locations: Portuguese, Cape Cod, Fish, Charleston
The deadly strike marks a significant escalation of the Houthi attacks on ships in the Red Sea and and comes despite a US-led naval coalition to protect the crucial waterway. Fewer ships appear to be transiting through the Red Sea and adjoining Suez Canal after the latest attack, according to maritime risks analytics company Windward. According to Windward, the number of bulk carriers anchoring outside ports to the north and south of the Suez Canal surged 225% Wednesday compared with the previous day. Windward data shows that last month the number of bulk carriers in the Red Sea was already at its lowest level in two years. Just 30% of the usual shipping capacity — including container ships, bulk carriers, car carriers, and tankers carrying oil and liquefied natural gas — is still passing through the Red Sea and Suez Canal, according to Sand.
Persons: Ami Daniel, , Peter Sand, , Hapag Lloyd —, Christine Lagarde, CMA CGM, Stephen Cotton, Cotton, David Ashmore, Reed Smith, John Stawpert, ” Maisie Linford Organizations: London CNN, Liberian, ” Windward, CNN, Maersk, MSC, European Central Bank, Drewry, CMA, International Transport Workers ’ Federation, International Chamber of Shipping Locations: Red Sea, Iran, Suez, Africa, Windward, Red, Norway, Sand, , London, Good, Gulf, Aden and Red, Aden
CNN —The Massachusetts Air National Guardsman accused of posting a trove of highly classified intelligence reports and other documents on social media pleaded guilty on Monday to willfully retaining and disseminating national defense information. Jack Teixeira, 22, pleaded guilty to all six counts he faced under the espionage act during a hearing Monday morning. Teixeira stood between his two defense lawyers as he pleaded guilty Monday morning. According to court documents, Teixeira ran an obscure chat room on the social media platform Discord called “Thug Shaker Central,” where members posted memes and talked about guns and religion. Teixeira first began posting messages that included classified information in the Discord chat, according to prosecutors, and eventually posted photos of documents marked as classified.
Persons: Jack Teixeira, Teixeira, , Judge Indira Talwani, , ” Teixeira, Michael Bachrach Organizations: CNN, Massachusetts Air National, Department of Defense, Prosecutors, Shaker, ” Prosecutors, US Air Force Locations: Massachusetts, , Cape Cod, Russia, Ukraine, States, Boston
My father died in 1985 when I was 25. It wasn't long after he decided to give up dairy farming, mainly due to the stress levels, that he developed colon cancer. AdvertisementThat's when I really started going down the path of changing so much about my lifestyle and habits. After my father died, I altered my diet and reduced stressI know that stress and diet were big contributors to my father's illness. I embraced exerciseAfter my father died, I started racing bikes.
Persons: John Salton, — David, Marcus, Dad, Peter, I've, Cape Byron, it's, It's Organizations: Service, Business, Peter MacCallum Cancer, Lighthouse Locations: Bright, Australia, Melbourne, Victoria, Australasia, Mt Buffalo, Western Australia, Cape, Byron Bay, New South Wales
CAPE CANAVERAL, Fla. (AP) — Four astronauts headed to the International Space Station on Sunday where they will oversee the arrivals of two new rocketships during their half-year stint. SpaceX’s Falcon rocket blasted off from Kennedy Space Center, carrying NASA’s Matthew Dominick, Michael Barratt and Jeanette Epps and Russia’s Alexander Grebenkin. “When are you getting here already?” space station commander Andreas Mogensen asked via X, formerly Twitter, after three days of delay due to high wind. Epps should have launched to the space station on a Russian rocket in 2018, but was replaced for reasons never publicly disclosed. Flight controllers are monitoring a growing cabin leak on Russia’s side of the space station.
Persons: Matthew Dominick, Michael Barratt, Jeanette Epps, Russia’s Alexander Grebenkin, , Andreas Mogensen, Epps, Billy Joel, Dominick, Barratt, ” Barratt, Joel Montalbano Organizations: International, Kennedy Space Center, SpaceX, NASA, Sierra, Ford Motor Co, CIA, Navy, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, U.S, Denmark, Japan, Russia, New York, Syracuse, N.Y, Russian
After Altair Jaspe moved from Venezuela to the Colombian capital, Bogotá, she was taken aback by the way she was addressed when she walked into any shop, cafe or doctor’s office. In a city that was once part of the Spanish empire, she was no longer “señora,” as she would have been called in Caracas, or perhaps, in her younger years, “muchacha” or “chama.” (Venezuelan terms for “girl” or “young woman.”)Instead, all around her, she was awarded an honorific that felt more fitting for a woman in cape and crown: Your mercy. Would your mercy like a coffee? Will your mercy be taking the appointment at 3 p.m.? Excuse me, your mercy, people told her as they passed in a doorway or elevator.
Persons: Altair Jaspe, Locations: Venezuela, Bogotá, Caracas
Scientists witnessed one of the hunters, a male orca known as Starboard, single-handedly kill a 2.5-meter (8.2-foot) juvenile white shark within a two-minute time frame last year. “Over two decades of annual visits to South Africa, I’ve observed the profound impact these killer whales have on the local white shark population. A second great white shark carcass washes ashore in June near Hartenbos, South Africa. It wasn’t until 2022 that aerial footage first captured the orcas killing a great white shark, Towner said. The kill by a lone orca might have been made possible by the prey’s smaller size as a juvenile great white, according to the study.
Persons: I’ve, , Primo Micarelli, I’m, ” Micarelli, It’s, Alison Towner, Towner, didn’t, Christiaan Stopforth, ” Towner, , Dr, Simon Elwen, wasn’t Organizations: CNN, Italy’s Sharks Studies Centre, University of Siena, of Marine Science, Rhodes University, , Cape Town, Search Research, Conservation, Stellenbosch University Locations: Cape Town, South Africa, ” Port, Seal, Mossel, Cape, Hartenbos, Namibia
Was John Singer Sargent also the first celebrity stylist?
  + stars: | 2024-03-01 | by ( Leah Dolan | ) edition.cnn.com   time to read: +8 min
London CNN —In the spring of 1888, New York socialite Eleanora Iselin welcomed the portrait artist John Singer Sargent into her home, feverish over the question of what she would wear. Despite curating a selection of her best frocks, Eleanor Iselin was captured in her casual day dress at the insistence of Sargent. Working during the rise of haute couture, both Sargent and his subjects were living through a new dawn of fashion. Rachel was styled in a scrap of pink fabric which Sargent manipulated on canvas to become a dress. “Their work was ready-to-wear, using off the (rack) elements of portraiture, whereas with Sargent it always was bespoke.
Persons: Eleanora Iselin, John Singer Sargent, Eager, Iselin, “ Sargent, Eleanor Iselin, Sargent, It’s, James Finch, , , Finch, Margaret Oliphant, Edith Wharton, Gretchen, Rachel Warren, Isabella Stewart Gardner, Rachel, Tate Britain “ He’s, ” Finch, “ He’s, ” Sargent, Sybil Sassoon, couturier Charles Fredrick Worth, Worth, Sassoon, ’ Reframing, Lily, Lily Rose ”, Sybil Sassoon’s, , they’ve, Ellen Terry, Lady Macbeth, Jai Monaghan, Tate Britain ‘, Sargent’s Organizations: London CNN —, Fashion, Tate, of Art, Tate Britain, CNN, Boston’s Museum of Fine Arts, Fenway Court, Isabella Stewart Gardner Museum, of Fine Arts, Boston Museum of Fine Arts Locations: New York, Tate Britain, of Art , Washington, London, Scottish, Boston, Worth, Paris
When my kids are old enough, my wife and I plan to get them into judo gear. AdvertisementHaving kids in Japan, as a same-sex couple, has been hard. We started talking seriously about building a family early on, given that we were both already in our mid-30s and worried that waiting would diminish our chances of success. AdvertisementDespite the acceptance of our medical team, however, the Japanese birth certificates that we received list each of us as a single mom. For now, we're comfortably settledHer partner Ali and two kids playing in the fall leaves in Japan.
Persons: , Ali, Finn, Carey Finn, we're, we'll, we've Organizations: Service, Japan Exchange, Teaching, JET, boro Locations: Japan, Cape Town , South Africa, Canada, Tokyo, South Africa
CNN —Standing on the South Pole at the start of the year with the wind whipping across the Antarctic, travel blogger Johnny Ward felt a surge of relief. Years before, in 2017, he’d become the first Irish person to visit every country in the world. Life goalIrish explorer Johnny Ward has climbed the seven summits, reached the North and South poles, and visited every country in the world. And originally I thought the freest you can be is to visit every country,” he said. Costly challengeWard cycling in south east Asia while completing the epic challenge of visiting every country in the world.
Persons: Johnny Ward, he’d, Ward, Johnny Ward “, ” Ward, , , who’ve, Mount, didn’t, wasn’t, “ I’m, He’s, Mariana Trench Organizations: CNN, CNN Travel, UN, Antarctic, Locations: Thailand, Palestinian, Taiwan, Kosovo, Oman, Socotra, Yemen, Cairo, Cape Town, South Korea, Australia, Denali, Asia, Galway, Ireland, Northern Ireland, Spain, Florida, New York, Mauritania, Africa
As the oldest GenZers reach marrying age in their mid-20s, they’re increasingly putting their own spin on nuptials, which includes letting go of some antiquated traditions. The Knot, a top wedding planning and wedding vendor marketplace, surveyed more than 9,000 couples in the US who either took the plunge last year, or are planning to in 2024, to understand evolving approaches that couples are taking to wedding planning. In terms of the total cost of the wedding, couples said they spent an average of $35,000 on their ceremony and reception in 2023, up from an average of $30,000 the prior year, according to The Knot. “Millennials and Gen Z are getting very creative in making these celebrations their own in new and interesting ways,” Chi said. Candles instead of flowers on the tables added elegance and also helped control costs, Dylan said.
Persons: New York CNN —, they’re, Gen, , Tim Chi, Ed Sheeran’s, Elvis Presley’s, , ” Osama Zayed, Ingrid, Helen H, Richardson, Elvis ’, ” Chi, RSVPs, “ Millennials, Caitlin, Dylan Spain, ” Caitlin, “ Dylan, ” Dylan, Dylan, Haley Richter, Caitlin didn’t, Edwin Torres, DeSantiago, Ricardo DeSantiago, Torres, Edwin, ” Edwin Torres, Maria Argueta, ” Edward, Edward, Harry Potter, ” chimed Ricardo Organizations: New, New York CNN, CNN, City, MediaNews, Denver Post, Central America, Mill City Museum, Historic Locations: New York, Denver , Colorado, Sea Isle City , New Jersey, Sea Isle City, Cape, Central, Minnesota, Mill, Minneapolis
The first cruise ship, 'Norwegian Dawn' to arrive at Portland Port since the arrival of the Bibby Stockholm immigration barge, is seen docking, on July 26, 2023 in Portland, England. A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a potential cholera outbreak on board. The ship was on a 12-day itinerary from Cape Town, South Africa to Port Louis that started on Feb. 13. A spokesperson for the U.S.-headquartered Norwegian Cruise Line Holdings said Sunday that "a small number of guests experienced mild symptoms of a stomach-related illness" during Norwegian Dawn's South Africa voyage. Multiple media outlets reported the stomach illness on board the ship was suspected to be cholera.
Persons: Bibby, Port Louis Organizations: Portland Port, Sunday, Mauritius Ports Authority, U.S, Cruise Line Holdings, Norwegian Cruise Line Holdings Locations: Portland, Bibby Stockholm, England, Norwegian, Mauritius, Port, Cape Town , South Africa, Port Louis, South Africa
Mexico City CNN —Alejandro Gomez has been without proper running water for more than three months. Historic lowsDensely populated Mexico City stretches out across a high-altitude lake bed, around 7,300 feet above sea level. The Cutzamala water system, a network of reservoirs, pumping stations, canals and tunnels, supplies about 25% of the water used by the Valley of Mexico, which includes Mexico City. She and her family often have to pay more than $100 for a tank of water from one of the city’s water trucks. “I don’t think anyone is prepared.”CNN’s Laura Paddison and Jack Guy reported from London, and Fidel Gutiérrez reported from Mexico City.
Persons: Mexico City CNN — Alejandro Gomez, Gomez, , Christian Domínguez Sarmiento, Jose Alfredo Ramirez, Cesar Rodriguez, it’s, It’s, Fabiola Sosa, ” Germán Arturo Martínez Santoyo, Raquel Cunha, Garcia, Becerra, La Niña, El Niño, UNAM’s Sarmiento, Conagua, Andrés Manuel López Obrador, Martí Batres Guadarrama, Sosa, Rodríguez, , Henry Romero, Márquez, doesn’t, , ” Sosa, Amanda Martínez, Laura Paddison, Jack Guy, Fidel Gutiérrez Organizations: Mexico City CNN, CNN, Authorities, National Autonomous University of Mexico, Bloomberg, Getty, Metropolitan Autonomous University, Reuters, University of Northern, Local, Mexico City’s, Cape Town, Advisory, Mexico City Locations: Mexico, Mexico City’s Tlalpan, doesn’t, Mexico City, UNAM, Tenochtitlan, Spanish, Conagua, Cutzamala, Villa, Villa Victoria, University of Northern British Columbia, Iztapalapa, South Africa, Tlalpan, London
Defense officials tell CNBC as of February 21, there have been at least 59 attacks on commercial shipping interests in the Red Sea. But the EU said the Red Sea moves reflect the need for a stronger European presence in protecting ships from Houthi attacks. Trade leaders have urged more countries to join the military effort in the Red Sea. A war of misinformation in the Red Sea crisis also continues. On February 2 in Brussels, Borrell informed Yemeni Prime Minister Bin Mubarak about the plans to launch a new EU maritime operation in the Red Sea and about its mandate.
Persons: Mason, Torm Thor, Good Hope, Peter Stano, Josep Borrell, Mark Montgomery, Sen, John McCain, Steven Lamar, Hussein, Azzi, Stano, Houthis, Borrell, Bin Mubarak, Rashad Al, Carl Bentzel, Bentzel, Tesla Organizations: European Commission, United States Central Command, Command, U.S, CNBC, European Union's Naval Force, EU, French Navy, Prosperity, Prosperity Guardian, EU Commission, Navy, Foundation, Defense of Democracies, Senate Armed, NATO, U.S . Central Command, UK, Prosperity Guardian . Trade, American Apparel and Footwear Association, Central Command, Yemeni, Presidential, Council, UN, Federal Maritime, Foreign Shipping, State Department, FMC, Walmart Locations: Aden, Iranian, Yemen, Red, Libyan Coast, Good, Somalia, European, EU, U.S, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Houthi, Europe, Suez, Belize, Brussels, Yemeni, United States, Egypt, Germany, Israel
The U.S. F/A-18 fighter jets launched from the USS Dwight D. Eisenhower aircraft carrier, which is currently in the Red Sea, officials said. President Joe Biden and other senior leaders have repeatedly warned that the U.S. won't tolerate the Houthi attacks against commercial shipping. During normal operations, about 400 commercial vessels transit the southern Red Sea at any given time. The Rubymar, a British-registered, Lebanese-operated cargo vessel, was attacked while sailing through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden. The Associated Press, relying on satellite images from Planet Labs PBC of the stricken vessel, reported Tuesday that the vessel was leaking oil in the Red Sea.
Persons: Dwight D, Lloyd Austin, Grant Shapps, Shapps, Joe Biden, haven't, We've, Sabrina Singh, we've, Mason, Abdul Malik al, Hope Organizations: US Coast Guard, US Central Command, U.S, Eisenhower, Defense, Yemeni Armed Forces, RAF, Islander, Hamas, Houthi, Aden , U.S . Central Command, Central Command, Khorfakkan, United, Command, Associated Press, Planet Labs PBC Locations: Iran, Yemen, Tampa , Florida, United States, U.S, Gulf of Aden, British, Red, Britain, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Gaza, Aden , U.S, Asia, Europe, Africa, Suez, Mandeb, Gulf, Aden, Palau, Belize, Lebanese, Bulgaria, United Arab Emirates
Sub-Saharan Africa is home to four critically endangered species of vulture, and in South Africa, a non-profit conservation and rehabilitation group called VulPro is working to protect these fascinating birds. The operation involved over 50 people, logistics company DHL and WeWild Africa, an NGO specializing in animal rewilding and translocation. It was at that very moment that I actually understood how fragile and misunderstood the species were.”An African White-backed vulture (closest to camera) at the VulPro rehabilitation center near Pretoria, South Africa. Recent efforts have concentrated on the white-headed vulture, with a population of only 3,685 adults continent-wide, according to BirdLife International, and only a small percentage of that figure in South Africa. Poisoning is the most common reason for vultures to require treatment in South Africa, often from ingesting lead in discarded batteries, or bullets in animal carcasses, says Joubert.
Persons: VulPro, , Kerri Wolter, Gertrude Kitongo, , Johan Joubert, Joubert, Wolter, Organizations: CNN, Reserve, DHL, WeWild, BirdLife International, Shamari Locations: Saharan Africa, South Africa, Eastern Cape, WeWild Africa, African, Pretoria, Africa, West Africa, KwaZulu, Natal, South
A SpaceX Falcon Heavy rocket, carrying the Arabsat 6A communications satellite, lifts off from the Kennedy Space Center in Cape Canaveral, Florida, April 11, 2019. One of SpaceX's senior executives is leaving, CNBC has learned, in a rare high-level departure from Elon Musk's space company. Tom Ochinero, SpaceX senior vice president of commercial business, resigned on Monday, people familiar with the matter told CNBC. Ochinero, like many of SpaceX's dozen or so senior executives, has been with the company for more than a decade. He started his career at SpaceX as an engineer helping design the nosecone used on its Falcon 9 and Falcon Heavy rockets.
Persons: Tom Ochinero Organizations: SpaceX, Kennedy Space Center, CNBC Locations: Cape Canaveral , Florida, Elon
There’s an easy knock against the space dreams of Jeff Bezos and his rocket company, Blue Origin: In its 24th year of existence, the company has yet to launch a single thing to orbit. Blue Origin’s accomplishments to date are modest — a small vehicle known as New Shepard that takes space tourists and experiments on brief suborbital jaunts. By contrast, SpaceX, the rocket company started by the other high-profile space billionaire, Elon Musk, today dominates the launch market. On Wednesday, Blue Origin hopes to change the narrative, holding a coming-out party of sorts for its new big rocket. The rocket, as tall as a 32-story building, lay horizontally on the trusses of a mobile launch platform.
Persons: Jeff Bezos, New Shepard, Elon Musk Organizations: SpaceX, Cape Canaveral Space Force Locations: Florida
U.S. crude oil futures hovered near three-month highs Tuesday as the conflict in the Middle East rages on. U.S. crude gained 3% last week to settle Friday at its highest price, $79.19 a barrel, since Nov. 6. The global benchmark rose 1.5% for the week to settle at its highest price since Jan. 26. Houthi militants on Monday attacked another cargo ship in the Bab el-Mandeb strait, forcing the crew to abandon the vessel. The attack highlights the ongoing threats to commercial vessels in the Red Sea, which has forced shipping giants such as Maersk to divert cargo around the Cape of Good Hope in Africa.
Persons: Brent, Tamas Varga, PVM Organizations: The West Texas Intermediate, International Energy Agency, Monday Locations: Suez, Ismailia, Egypt, East, Israel, Lebanon, Gaza, Rafah, U.S, Iran, Red, Hope, Africa, Aden
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