DIRS.INFO The most relevant business & tech news

SAN BERNARDINO, Calif. (AP) — A man whose family's gender reveal ceremony sparked a Southern California wildfire that killed a firefighter in 2020 has pleaded guilty to involuntary manslaughter, prosecutors said Friday. A smoke-generating pyrotechnic device was set off in a field and quickly ignited dry grass on a scorching day. On Friday, the San Bernardino County district attorney announced that Refugio Manuel Jimenez Jr. had pleaded guilty to one count of involuntary manslaughter and two counts of recklessly causing a fire to an inhabited structure. Photos You Should See View All 21 ImagesAngelina Jimenez pleaded guilty to three misdemeanor counts of recklessly causing fire to property of another. Flames blackened nearly 36 square miles (92 square kilometers) of land in San Bernardino and Riverside counties before the blaze was contained on Nov. 16, 2020.

Persons: Refugio Manuel Jimenez Jr, Angelina Jimenez, Charles Morton, Morton, Jason Anderson, “ Organizations: BERNARDINO, Calif, El, Big Bear Interagency, U.S . Forest Service, San, San Bernardino National Locations: Southern California, El Dorado, El, Ranch, Yucaipa, San Bernardino Mountains, Los Angeles, San Bernardino County, San Bernardino, Riverside, California

☆ My First Cigarette Was My Last
▼ + stars: | 2024-02-10 | by ( Karen Kicak | ) www.nytimes.com time to read: +1 min

Our elementary school was set deep in the rural Ontario countryside, nestled in the forest beside the local dump. At recess, a year later, I didn’t make the choice to get into trouble that day, either. She had been invited to smoke cigarettes in the trees on the far side of the running track. The invitation came from Kyle, a charming ringleader who looked like Justin Timberlake and dressed like Kurt Cobain. I would have certainly wussed out if she had told me we were going to smoke (!)

Persons: Ashley, Kyle, Justin Timberlake, Kurt Cobain, — Locations: Ontario

☆ Israel’s credit rating downgraded because of war with Hamas
▼ + stars: | 2024-02-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Israel’s prolonged war with Hamas is going to become a significant economic and political burden for the country over the long haul, Moody’s said Friday. So the agency downgraded Israel’s credit rating. Moody’s Investors Service downgraded Israel’s debt rating from A1 to A2 on Friday, underscoring the economic damage of the country’s war with Hamas, which has resulted in thousands of human casualties and stoked geopolitical tensions around the world. In mid-October, less than two weeks after Hamas’ deadly attack on Israel on October 7, Moody’s warned that Israel’s credit rating was in danger of a downgrade. “Conflict with Hezbollah would pose a much bigger risk to Israel’s territory,” Moody’s said.

Persons: CNN —, Moody’s, ” Moody’s, Matt Egan Organizations: CNN, Moody’s, Hamas Locations: Israel, Gaza, “

☆ The Bucket List Family: How to travel the world with three kids
▼ + stars: | 2024-02-08 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +10 min

“I never had the thought in my brain that ‘I want to travel around the world,’” Gee, from Denver, Colorado, tells CNN Travel. They soon began planning an extended trip to Southeast Asia and decided to launch an Instagram page, The Bucket List Family, to collate their adventures. “The little bit of traveling turned into three years full-time,” adds Gee, who has just released a travel guidebook, The Bucket List Family Travel, in partnership with National Geographic. The family went on to visit dozens of countries across the world, including Germany, Morocco, Japan, Brazil, Guatemala and Dominica. Family favoritesThe family of five have traveled to more than 90 countries.

Persons: Jessica Gee, Walt, ”, Garrett, Dorothy, Manilla, “, ” Gee, Gee, Jessica, Garrett Gee, who’ve, Callihan, Calihan, Geographic Gee, you’re, Gee’s, – that’s, it’s, They’ve, don’t Organizations: CNN, Walt Disney, CNN Travel, National Geographic, Gee, Central, East, Rwanda, Geographic, Disney Locations: Europe, Florida, Denver , Colorado, Vladivostok, Russia, Southeast Asia, Thailand, Singapore , New Zealand, Australia, Fiji, Tonga, Germany, Morocco, Japan, Brazil, Guatemala, Dominica, Belize, Central American, Alaska, East African, Rwanda, Hawaii, Africa, Antarctica, China, Borneo

Mr. Trump needled Ms. Haley for her performance on social media, calling the result a “bad night” for her. In a Trump campaign email, Steven Cheung, a spokesman, called it “brutal” and contended that the Haley campaign acknowledged it had “intentionally disrespected the people of Nevada” by refusing to campaign there. Ms. Haley cast her party as mired in the same disorder that surrounds the man who has remade it in his image. It does not help that Mr. Trump’s allies have worked behind the scenes to skew primary and delegate rules to his advantage. Nevertheless, onstage in Los Angeles, Ms. Haley told the audience she wasn’t going anywhere.

Persons: Nikki Haley, Donald J, Trump, “, — he’s, ” Ms, Haley, ”, Ms, —, you’re, “ we’ve, Haley’s, Steven Cheung, Ronna McDaniel, Mr, Trump’s, “ Donald Trump Organizations: United Nations, Republican, Hollywood Post, American Legion, ”, Trump, Republican National Committee, Mr Locations: Los Angeles, Nevada’s, New Hampshire, South Carolina, Nevada, California

☆ Xi just fired China's top markets regulator. It shows his focus is still on control above all else.
▼ + stars: | 2024-02-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewChina's extended stock market rout was so bad that leader Xi Jinping was set to personally pay attention to it — and it looks like his solution was to fire the country's top markets regulatory late on Wednesday. After all, there were suggestions earlier that authorities are considering a stabilization fund to rescue the flailing stock market. Stock markets in China and Hong Kong have accelerated losses into 2024. The analysts at the Eurasia Group aren't the only ones who say China needs to double down on economic reforms to shore up its economy.

Persons: —, Xi Jinping, Wu Qing, Xi, Eswar Prasad, China's Organizations: Service, China Securities Regulatory, Bloomberg, Business, Eurasia Group, Eurasia Group aren't, Cornell University, International Monetary Fund, Nikkei, Index, Hong Kong Stock Exchange Locations: China, Hong Kong, Beijing

☆ Treasury yields hold steady as investors weigh comments from Fed officials
▼ + stars: | 2024-02-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was up by just over one basis point to 4.1095%. The 2-year Treasury yield was last down by less than one basis point at 4.4185%. U.S. Treasury yields were little changed on Thursday as investors considered remarks from Federal Reserve officials about the path ahead for interest rate cuts. On Wednesday, Minneapolis Federal Reserve President Neel Kashkari told CNBC's "Squawk Box" that he believes two or three rate cuts would take place in 2024. The comments echoed those made by Fed Chairman Jerome Powell last week and stoked concerns among investors that fewer rate cuts than they have been expecting could be implemented.

Persons: Neel Kashkari, CNBC's, Jerome Powell, Adriana Kugler, Powell Organizations: U.S, Treasury, Federal Reserve, Minneapolis Federal, Fed

LOS ANGELES (AP) — Las Vegas will be flooded with so many pre- Super Bowl events that Shaquille O'Neal lowered the prices to his popular carnival-themed “ Shaq's Fun House. “Las Vegas isn't ready for the show we're about to bring,” Big Boi said. The stars of the CBS show “The Neighborhood” will host the Super Bowl Soulful Celebration at the Palms Casino Resort on Wednesday night. MALUMA & SIRIUSXMColombian superstar Maluma will take his vibrant Latin music vibes into Las Vegas with the help of SiriusXM. ___More on the Super Bowl: https://apnews.com/hub/super-bowl

Persons: Shaquille O'Neal, O'Neal, We're, ”, He'll, Lil Wayne, Diplo, DJ Diesel, Rob Gronkowski, Michael Rubin, Beyoncé, Jay, Leonardo DiCaprio, Jennifer Lopez, Ben Affleck, Kendall Jenner, Rubin, Travis Scott, Meek, Lil Baby, Fabolous, Ludacris, Laroi, Mike, OutKast, Big Boi, Kevin Hart, Deon Cole, D.L, Desi Banks, Aida Rodriguez, Cedric, Tichina Arnold, Mary Mary, Kirk Franklin, Robin Thicke, Tully Banta, Cain, Bryan Scott, Arnold, “, Nate Burleson, —, DJ Afrojack, Gronkowski, BILLY IDOL, Billy Idol, Idol, he's stoked, Maluma, He's, Don Juan ”, “ COCO LOCO ”, David Guetta, Jack Harlow, Wynn, Zach Bryan, Tiësto, LIV, Savage, Guy Fieri, Leigh Steinberg Organizations: ANGELES, NBA, Fun, Wynn, Sports Illustrated's, Hamptons, Cosmopolitan, MADDEN, EA Sports, Madden, of, Madden NFL, Theatre, CBS, NFL, Super, Sunday, Location's, Touchdown Club, SIRIUSXM, Virgin Hotels, Pandora, Las, GQ, Nomad Library Locations: Las Vegas, Sin City, Encore, Atlanta, Hughley, Palms, British, Allegiant, Vegas, Fontainebleau

☆ After Vice Media's fall, 4 of its top marketers are starting their own agency focused on AI. Here's how they're pitching clients.
▼ + stars: | 2024-02-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

The result is Sounds Fun, which they call an AI and innovation studio and announced this month. He also said Sounds Fun would treat artists with respect, using their creative work with their consent and ensuring they're credited and compensated. One of their highest-profile projects at Virtue, and the kind of work Sounds Fun hopes to build on, was Coke's Y3000 project . For Microsoft's developer conference, Ignite, Sounds Fun worked with artists on a variety of AI experiences, including an AI vending machine that made individualized pieces of art and haikus based on people's utterances. Check out slides from the deck Sounds Fun is using to pitch marketers its work with AI and other technologies.

Persons: It's, Iain S, Thomas, Isabel Muñoz Cadilla, Alex Gangi, Martin Magner, they're Organizations: Virtue, Business, Media, Companies

☆ NYCB's slide sparks fears of more banking and commercial real estate turmoil
▼ + stars: | 2024-02-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

The regional bank reported disappointing earnings, stoking fears of commercial real estate trouble. AdvertisementA smaller lender is facing a firesale of its stock fueled by concerns about its stability, echoing the regional-banking problems last year that stoked fears of a full-blown financial crisis and commercial real estate meltdown. AdvertisementThe increases hit the value of their fixed-income and commercial real estate portfolios. In particular, commercial real estate is under pressure from ongoing remote working, tighter credit availability as lenders have pulled back, and higher debt costs, all of which have weighed on asset values. Treasury Secretary Janet Yellen told lawmakers this week she expects the commercial real estate pressures to "put a loss of stress" on property owners, although she expected it to be manageable, Bloomberg reported.

Persons: stoking, —, stoked, NYCB, Banks, Moody's, Wall, Thomas Cangemi, pare, Janet Yellen Organizations: Community Bancorp, Service, New York Community Bancorp, Flagstar Bank, Signature Bank, Valley Bank, Silvergate, Bloomberg, Federal

Camila Lange, who is 7-months-pregnant, on Monday sat with her husband and dog in what used to be their home in Vina del Mar, Chile. Hundreds of homes in the central coastal area of the South American nation have been destroyed in fires that have killed at least 112 people. Weather and climate extremes — wildfire, drought and flooding — are taking a toll around the world. — In Chile, firefighters are battling huge forest fires stoked by hot and dry conditions. Up to 9 inches (23 centimeters) of rain had already fallen by Monday, with more expected, according to the National Weather Service.

Persons: Camila Lange, ___, ”, Pere Aragonès Organizations: Vina del Mar, National Weather Service, San Francisco Bay Area, AP Locations: Vina del Mar, Chile, —, Vina del, California, Southern California, Los Angeles, Northern California, San Francisco Bay, Spain, Catalonia, Barcelona

Campaign finance disclosures released this week show the RNC had just $8 million in the bank and $1 million in debt. An effort by Trump allies to have the RNC this week declare Trump the “presumptive nominee” was withdrawn after it drew criticism because Haley is still running. The invite-only event drew nearly 400 attendees aligned with the group, including some RNC members, as well as state and local Republican Party chairs. Inside the RNC meeting, some members, including those who have been critical of McDaniel, said the Turning Point effort was ill-advised. Turning Point is looking to expand its influence and reach beyond the youth movement, with mixed results.

Persons: Ronna McDaniel, Joe Biden, McDaniel, “, ” McDaniel, ”, Donald Trump, Nikki Haley, she's, Biden, Haley, Trump, Kirk, who've, Henry Barbour, Emma Vaughn, ” ___ Slodysko Organizations: LAS, Republican, Trump, RNC, Democratic National Committee, Las Vegas, Republican Party, Mississippi, Democrat, Republican National Committee Locations: LAS VEGAS , Nevada, Las Vegas, fundraise, Iowa, Las, Arizona, Wisconsin , Arizona, Georgia, Washington

LONDON (AP) — The Bank of England is expected to keep its main interest rate at near 16-year highs Thursday and indicate that lower borrowing costs are not imminent because inflation is stuck too high for comfort. In December, inflation in Britain unexpectedly rose to 4%, an increase that tempered market expectations that the central bank would cut borrowing costs as soon as May. On Wednesday, the Fed held rates steady but surprised financial markets with its cautious statement that it “does not expect it will be appropriate” to cut rates. Higher interest rates — which cool the economy by making it more expensive to borrow, thereby bearing down on spending — have contributed to bringing down inflation worldwide. That's despite mortgage lenders reducing their lending rates on the assumption that the bank's main rate has peaked.

Organizations: —, Bank of England, U.S . Federal Reserve, Fed, of England, Conservative Party, Labour Party Locations: U.K, Britain, Ukraine, United States

☆ In cloud, there's AI (which is hot) and everything else (which is not)
▼ + stars: | 2024-02-01 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

There's an "AI Cloud" future that excites investors. So far, Microsoft is winning the "AI Cloud" future. There's the "AI Cloud" future, where Nvidia GPUs and large language models form the foundation of new generative AI services delivered and rented over the internet. Then there's the existing "Cloud 1.0" business, where CPUs and more traditional servers support apps, websites and other software services. Microsoft's Azure cloud business saw revenue grow 28% in its latest quarter (fiscal Q2, calendar Q4).

Persons: —, Mark Schilsky, Schilsky, Goldman Sachs, Bernstein Organizations: AWS, Microsoft, Service, Nvidia, Amazon, Services, Bernstein Research Locations: OpenAI

☆ United Nations Seeks $2.7 Billion for Aid to Yemen in 2024
▼ + stars: | 2024-02-01 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

UNITED NATIONS (Reuters) - The United Nations appealed for $2.7 billion on Thursday to pay for humanitarian aid operations this year in war-torn Yemen, where most of the 18 million people in need live in the north of the country ruled by the Iran-aligned Houthi group. Peter Hawkins, the acting U.N. humanitarian coordinator for Yemen, described the amount of money the U.N. was seeking as more realistic than the $4.3 billion it asked for last year. He stressed that Yemen should not be forgotten as the world deals with multiple humanitarian crises. Hawkins also said he was hoping a U.S. decision in January to return the Houthis to a list of terrorist groups would not affect aid operations in Yemen. Yemen has been mired in conflict since Houthis ousted the government from the capital Sanaa in late 2014.

Persons: Peter Hawkins, Hawkins, stoked, Washington, Houthis, Michelle Nichols, Alistair Bell Organizations: UNITED NATIONS, Reuters, United Nations, The U.S Locations: Yemen, Iran, Israel, Gaza, The, Saudi Arabia

☆ Death of Fringe Friendships: Making Gen Z Sad, Hurting Job Prospects
▼ + stars: | 2024-02-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

One of the biggest reasons for our shrinking social circles is the loss of fringe friends — casual friends that you enjoy seeing occasionally. These relationships might seem trivial or inconsequential, but experts and research indicate that fringe friends are vital. But now these fringe friend groups are disappearing, and we're all worse off for it. AdvertisementGlimmers of hope for Gen ZThe decline in fringe friends has also created a generational divide when it comes to who's doing well socially. There's no real solution to the loss of fringe friends.

Persons: Nikol Moses, Moses, Gen, would've, That's, —, Gen Zers, It's, Juliana Horowitz, Daniel Cox, Cox, what's, he'd, we've, Danielle Bayard Jackson, Long, Evan Paul Cudworth, Cudworth, Anna Goldfarb, I've, he's, Pew's Horowitz, Jackson, she'd, Goldfarb, it's, — Moses Organizations: Brisbane —, IRL, Pew Research Center, Gallup, Pew, American Survey, Survey, Survey Center, American Enterprise Institute, bodega, Federal Reserve Bank of Philadelphia, Facebook, Social, DMs, Pew Research, American Locations: Melbourne, Brisbane, Brooklyn, New York

☆ The Red Sea crisis tests China’s global ambitions
▼ + stars: | 2024-01-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

China’s responseThe Houthi rebels in Yemen started firing missiles and drones at ships in the Red Sea in mid-November, in what they say is an act of solidarity with Palestinians. Chinese officials repeatedly stressed that the Red Sea crisis is a “spillover” from the conflict in Gaza, citing an immediate ceasefire between Israel and Hamas as the top priority. Beijing’s reluctance to wade into the Red Sea crisis reflects these geopolitical calculations. The Chinese government readout of the meeting between Wang and Sullivan did not mention the Red Sea. Egypt is losing millions of dollars per day from the reduced traffic at the Suez Canal at the northern end of the Red Sea.

Persons: Houthi, “, ”, Mordechai Chaziza, Xi Jinping, Israel, ” Chaziza, Wang Yi, Jake Sullivan, Iran ”, we’re, Wang, Sullivan, Ebrahim Raisi, Yan Yan, OOCL, Kuehne + Nagel, Jonathan Fulton, “ can’t, ” Fulton, William Figueroa, Xi Organizations: Hong Kong CNN, Ashkelon Academic College, Beijing, Iran, People’s Liberation Army Navy, Britain, United Nations Security Council, Global, Western, Chinese Foreign, White House, Reuters, Chinese Foreign Ministry, China, Shanghai Shipping Exchange, Atlantic Council, University of Groningen, Xi’s Global Security Initiative, GSI, Hamas Locations: Hong Kong, Red, Israel, Ashkelon, United States, China, Europe, Yemen, Gulf, Aden, Djibouti, Beijing, Gaza, Bangkok, Iran, Tehran, Africa, Switzerland, Francisco, Shanghai, Abu Dhabi, Egypt, Suez, Sea, Saudi Arabia, Netherlands

The U.N. aid agency serving Palestinians in Gaza faced more funding cuts Monday amid accusations that 12 of its employees were involved in the Oct. 7 attack that sparked the Israel-Hamas war. The allegations over the weekend triggered a wave of funding cuts by major donors, including the U.S., Britain and France. UNRWA employs roughly 13,000 Palestinians in Gaza and says it will be forced to halt operations within weeks if funding isn’t restored. The Palestinian Health Ministry said the boy was killed near the Israeli settlement of Tekoa. The official Palestinian news agency Wafa said that Israeli forces opened fire after clashing with Palestinians from the area.

Persons: Austria, — Biden, Jordan — Israel, Washington, Sebastian Fischer, Jordan, ” Fischer, Wafa, —, ’, Israel, “, Bassem, Awadi, Magen David Adom, ”, Austria “, Israel ” Organizations: The Associated Press, UNRWA, Ministry, US, UN, JORDAN BERLIN —, Foreign, U.S, BANK, West Bank —, West Bank, Palestinian Health Ministry, EU, BRUSSELS, The European Union, European Commission, BAGHDAD, Government, Hamas, JERUSALEM, BERLIN —, Foreign Ministry, Japanese Foreign Ministry Locations: Gaza, Israel, U.S, Britain, France, Hamas, Iran, Jordan, Qatar, Egypt, israel, GERMANY, JORDAN BERLIN — Germany, Tehran, BANK RAMALLAH, West, Tekoa, West Bank, Dura, Hebron, Silwad, Yamoun, Jenin, IRAQ, Syrian, Iraq, Syria, Palestine, Haifa, Tel Aviv, AUSTRIA, BERLIN — Austria, Vienna, Austria, JAPAN, GAZA TOKYO, Japan

☆ Russia boasts it is beating sanctions, but its longer-term prospects are bleak
▼ + stars: | 2024-01-29 | by ( Tim Lister | ) edition.cnn.com time to read: +14 min

Far from buckling under their weight, the Russian economy is in fact 1% larger than it was on the eve of the invasion. India and China now account for 90% of Russian oil exports, according to Deputy Prime Minister Alexander Novak. Noemi Cassanelli/CNNThere’s little sign that ordinary Russians have been drastically impacted by Western sanctions. Sanctions will have a long-term impact on the Russian economy, according to the European Commission. Nabiullina said the Russian economy was like a car trying to go too fast.

Persons: Vladimir Putin, Putin, Sergei Chemezov, ” Chemezov, Scott Peterson, Alexander Novak, Christine Abely, “, ”, SWIFT, Alexei Mordashov, Noemi Cassanelli, Geoffrey Pyatt, Rachel Lyngaas, —, Alexander Nemenov, Elvira Nabiullina, Nabiullina, Natalia Kolesnikova, ” Abely Organizations: CNN, Atlantic Council, Russia, West ., Shipping, Windward, Reuters, US Treasury Department, United Arab Emirates, Crime Agency, US Treasury, “, Bank of, European, US, Financial Times, Russian Central Bank, Getty, Producers, International Energy Agency Locations: United States, Ukraine, Russian, Russia, Western, Sviatohirsk, Donetsk region, Asia, West, West . India, China, India, Volgograd, Turkey, UAE, Bank of Finland, Hong Kong, Europe, Egypt, Thailand, Moscow, Kazakhstan, Soviet Russia, AFP, Beijing

☆ Online sports betting stocks are primed for a big 2024 as fans ready for the Super Bowl
▼ + stars: | 2024-01-28 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

3 market share position," said Jeff Stantial, director of gaming and leisure research at Stifel. DraftKings stock tripled in 2023 and has already gained nearly 10% in 2024. 'Buying' market share The remaining market share is up for grabs and fluctuates among the smaller players. Stantial expects ESPN Bet has the edge over BetMGM, but says both sportsbooks remain tightly contested for a larger slice of market share. ESPN Bet has been running promotions that include $150 of free bets and $1,000 deposit match upon signing up, according to JPMorgan analyst Joseph Greff.

Persons: Jeff Stantial, Bank of America's Shaun Kelley, You've, Stantial, Joseph Greff, Greff, Walt Disney, Barstool, FactSet, JPMorgan's Greff, Bet365, Clark Lampen, Lampen Organizations: DraftKings, Penn Entertainment, ESPN Bet, MGM Resorts International, Baltimore Ravens, Kansas City Chiefs, San Francisco 49ers, Detroit Lions, New York Stock Exchange, NCAA, Bank of America's, Euronext Dublin, BetMGM, ESPN Bet's, Professional, Amateur Sports Protection, ESPN BET, ESPN, Walt, Barstool Sports, Sportico, Penn, MGM Locations: U.S, North Carolina, Ireland, WynnBet, BetMGM, PENN, York

The dispute engulfing the biggest provider of vital aid to Palestinians came as U.S. officials said negotiators were closing in on a cease-fire agreement. The emerging deal also calls for Israel to allow more humanitarian aid into Gaza. The top United Nations court has asked Israel for a compliance report in a month, placing added scrutiny on Israel's military. The case brought by South Africa to the U.N. court alleged Israel is committing genocide, which Israel vehemently denies. The court also ordered Israel to urgently get aid to Gaza.

Persons: Antonio Guterres, ” Guterres, ”, Philippe Lazzarini, Bill Burns, David Barnea, Mohammed bin Abdulrahman, Abbas Kamel, Benjamin Netanyahu, “, Israel, Khan Younis, Nasser, ___ Shurafa, Madhani, Matthew Lee, Zeke Miller Organizations: United Nations, UNRWA, Biden, CIA, Qatari, International Court of Justice, World Health Organization, MSF Locations: RAFAH, Gaza, Israel, United States, Britain, Germany, Italy, France, Mohammed bin Abdulrahman Al Thani, ISRAEL, South Africa, Khan, Deir, Washington, israel

☆ UK and U.S. sanction senior Houthis over Red Sea shipping attacks
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: +1 min

Major General Muhammad Nasser al-Atifi, defence minister of the administration of Yemen's Houthi rebels in control of the capital Sanaa, attends an official parade commemorating the eighth anniversary of the Houthi takeover of Sanaa on September 20, 2022. Britain and the United States on Thursday said they had sanctioned four senior Houthi officials for their roles in supporting or directing attacks on commercial shipping in the Red Sea. The Houthi attacks have disrupted global shipping and stoked fears of global inflation. They have also deepened concern that fallout from the Israel-Hamas war could destabilize the Middle East. Those sanctioned were Houthi Defense Minister Mohamed Nasser al-Atifi, Commander of Houthi Naval Forces Muhammad Fadl Abd Al-Nabi, coastal defense forces chief Muhammad Ali al-Qadiri and Muhammed Ahmad al-Talibi, who the two governments described as the Houthi forces director of procurement.

Persons: General Muhammad Nasser al, Yemen's, Mohamed Nasser al, Muhammad Fadl Abd Al, Muhammad Ali al, Muhammed Ahmad al Organizations: Houthi, Houthi Naval Locations: Sanaa, Britain, United States, Red, Israel, Nabi

☆ China doesn't have the military power to successfully invade Taiwan, the majority of 52 US experts said in a survey
▼ + stars: | 2024-01-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The CSIS surveyed 52 US experts on whether they think China can successfully invade Taiwan. AdvertisementA new survey of leading experts from the US and Taiwan casts doubt on China's ability to invade Taiwan with its current military strength. CSIS also surveyed 35 experts from Taiwan, of whom only 17% said they felt China had the power to successfully execute an invasion. China could also impose a military blockade on Taiwan, which 81% of US experts believe Beijing could do, while 60% of the experts from Taiwan concurred. Around 68% of American experts think such a crisis is likely to occur.

Persons: —, China —, William Lai Ching, Tsai Ing, Xi Jinping, Ma Ying, ROSLAN RAHMAN, Lai Organizations: CSIS, Service, Center for Strategic, International Studies, Liberation Army, Democratic Progressive Party, Kuomintang, Getty Locations: China, Taiwan, Beijing, Congress, Washington, Taipei . Lai

☆ Large stocks celebrate record while small caps remain mired in bear market
▼ + stars: | 2024-01-23 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small caps are conspicuously absent from Wall Street's bull market party. The S & P 500 confirmed Friday that a new bull market has begun, breaking both its intraday and closing record high from January 2022. Year to date thus far, the S & P 500 is up more than 1%, while the Dow has climbed 0.5%. "We think it's when the Fed cuts rates not if; this boosts small more than large," he wrote in a Monday note. Not everyone on Wall Street is as optimistic that Fed rate cuts will be an outsized catalyst for small caps.

Persons: Russell, Jason Goepfert, Sundial's Goepfert, Steven DeSanctis, DeSanctis, Barclays's Stefano Pascale, Pascale Organizations: Dow Jones, Dow, Nvidia, Meta, Microsoft, Capital, Micro, Wall

☆ Tech execs say a type of AI that can outdo humans is coming, but have no idea what it looks like
▼ + stars: | 2024-01-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Altman was temporarily booted from OpenAI in November in a shock move that laid bare concerns around the governance of the companies behind the most powerful AI systems. In a discussion at the World Economic Forum in Davos, Altman said his ouster was a "microcosm" of the stresses faced by OpenAI and other AI labs internally. "We're already seeing areas where AI has the ability to unlock our understanding ... where humans haven't been able to make that type of progress. Avoiding a 's--- show'Altman wasn't the only top tech executive asked about AI risks at Davos.

Persons: Sam Altman, Google's DeepMind, Salesforce, Altman, chatbot, We've, it's, Aidan Gomez, OpenAI, Gomez, CNBC's Arjun Kharpal, AGI, it'll, Lila Ibrahim, Ibrahim, CNBC's Kharpal, who've, haven't, Marc Benioff, Elon Musk, Steve Wozniak, Andrew Yang, Geoffrey Hinton, Hinton, Benioff Organizations: Economic, Bloomberg, Getty, Microsoft, Union, ABC News, ABC, OpenAI, CBS Locations: Davos, Switzerland, United States, Cohere, Hiroshima

Search resuls for: "stoked"

25 mentions found