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Shares of some aerospace and defense companies could fall under added pressure from President-elect Donald Trump's reduced government spending plans. Goldman is forecasting that the U.S. defense budget will soon flatten out and then decline, partly given that it's at an all-time high and that current geopolitical conflicts could potentially be met with a resolution. "Defense spending cycles up and down over time, and can be vulnerable to efforts to reduce total government spending." Poponak noted that although Trump has expressed broad support for the U.S. military and Department of Defense, any cost-cutting effort could still be a blow for the national defense budget. "Lower defense spending would flow to government IT to some degree.
Persons: Donald Trump's, Goldman, Government Effiency, wouldn't, Noah Poponak, Poponak, Trump, Lockheed Martin, Northrop, Huntington Ingalls, Booz Allen Hamilton Organizations: Government, Department of Defense, DoD, U.S ., Lockheed, Northrop Grumman, L3Harris Technologies, Huntington Ingalls Industries, Northrop, Leidos Holdings, U.S . Aerospace & Defense, Invesco Aerospace & Defense Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAllowing Ukraine to use U.S. missiles 'the right thing to do': Fmr. Defense Secretary Leon PanettaLeon Panetta, Former Defense Secretary, joins 'Closing Bell Overtime' to talk the latest escalation in the Ukraine-Russia war.
Persons: Leon Panetta Leon Panetta Organizations: Defense, Former Locations: Ukraine, U.S, Russia
Biden, Xi agree that humans, not AI, should control nuclear arms
  + stars: | 2024-11-17 | by ( ) www.cnbc.com   time to read: +3 min
"The two leaders affirmed the need to maintain human control over the decision to use nuclear weapons," the White House said in a statement. But it marks a first-of-its-kind step between the two countries in the discussion of two issues on which progress has been elusive: nuclear arms and artificial intelligence. Washington has been pushing Beijing for months to break a longstanding resistance to nuclear arms talks. Formal nuclear arms control negotiations have not been expected any time soon, despite U.S. concerns about China's rapid nuclear weapons build-up, even though semi-official exchanges have resumed. The U.S. defense department estimated last year that Beijing has 500 operational nuclear warheads and will probably field more than 1,000 by 2030.
Persons: Joe Biden, Xi Jinping, Biden Organizations: Economic Cooperation, White, U.S, United, Pentagon Locations: Asia, Lima , Peru, Washington, Beijing, China, United States, Geneva, U.S, Russia, North Korea
Ukraine said Monday that Russia has been using decoy drones to try and overwhelm its air defenses. Ukraine said it examined a Russian decoy drone and found Western-made parts inside of it. AdvertisementThe Ukrainian military said on Monday that it found Western-made parts inside a Russian decoy drone that was used in an attack over the weekend. However, the decoy drone — which Ukraine calls "Parody" — can apparently mimic the radar signature of a Shahed in a bid to confuse Kyiv's air defenses with fake targets. AdvertisementA look inside a Russian decoy drone.
Persons: , HUR, Mihai Popșoi Organizations: Monday, Service, Defense Intelligence, Ministry of Defense, Ukraine, Telegram Russia, Getty Locations: Ukraine, Russia, Moldova, NATO, Europe, Iran, Tehran, Belarus, Moldovan
Since Trump's win, the market has already seen some major gains. Those sectors in particular had several winners in the rally following Trump's 2016 win , and analysts believe gains may likewise be in store this time around – especially for energy. Defense stocks could also see some gains, according to Barclays analyst David Strauss. That would be above the 14.2% rally the stock saw after Trump's first win from Nov. 7, 2016, until year's end. Among the 15 analysts covering it, 11 have a hold rating, while only two have a strong buy or buy rating.
Persons: Donald Trump's, Wells, Roger Read, David Strauss, Trump, Chris Caso, Trump's, Huntington Ingalls, it's Organizations: Dow Jones Industrial, Energy, Trump, Defense, Barclays, Semiconductor, Wolfe Research, CNBC Pro, ConocoPhillips Locations: industrials, China, Texas
CNBC Pro combed through the most recent Wall Street research to find companies analysts really like heading into 2025 based on potential Trump policies. They include General Motors, Ford Motor, Robinhood , Coinbase , GE Aerospace and Goldman Sachs. "We see F and GM as the main beneficiaries from the Trump administration," analyst John Murphy wrote. GE Aerospace The aerospace company has pricing power, according to Deutsche Bank analyst Scott Deuschle, who says GE can benefit under a Trump administration. "Additionally, we think GE could be among the largest beneficiaries of this potential trend within our aerospace coverage," Deuschle said.
Persons: Donald Trump's, Goldman Sachs, Trump, John Murphy, Murphy, Robinhood Needham, John Todaro, Todaro, Coinbase, Scott Deuschle, Deuschle, Coinbase – Needham, – Needham, HOOD, Wells Organizations: White, CNBC, General Motors, Ford Motor, GE Aerospace, Ford, General Motors Bank of America, Trump, GM, Senate, Deutsche Bank, GE, GOP White House, GM – Bank of America, SEC, GE Aerospace – Deutsche Bank, GS Locations: Mexico
CNN —Pentagon officials are holding informal discussions about how the Department of Defense would respond if Donald Trump issues orders to deploy active-duty troops domestically and fire large swaths of apolitical staffers, defense officials told CNN. “Troops are compelled by law to disobey unlawful orders,” said another defense official. “But the question is what happens then – do we see resignations from senior military leaders? At the time, defense officials tried to include as few civilian employees as possible to limit the impact to the workforce, sources said. But “there are still ways a new administration could work around these protections,” a defense official said, even if it might take several months to do so.
Persons: Donald Trump, Trump, , Mark Milley, , Defense Lloyd Austin, Milley, John Kelly, Trump’s, Kelly, Hitler’s, Biden, , George Floyd, , Austin, ” CNN’s Oren Liebermann Organizations: CNN, Pentagon, Department of Defense, Joint Chiefs, Staff, , “ Troops, Trump, White, DoD, Defense, National Guard, White House, Defense Department, Customs, Reserves, Army, Congress, United States, Civilian, National Security and Intelligence, Management Locations: , , Hitler’s Nazi, United States
Japan is one stock market outside the U.S. that could win now that Donald Trump is headed back to the White House. Trump has previously proposed tariffs of up to 20% on imports, with a stringent tax of 60% on goods coming from China. Japanese stocks rallied, however, as the yen weakened with some investors expecting the U.S. defense partner stands to gain most from Trump's policies. However, Akutsu warned, with few positive earnings surprises in the market, a year-end rally could be "limited in scope." Takada said investors may have to weigh the near-term benefits of a Trump market against the risks of a possible trade war, even with a rise in the Japanese equity risk premium.
Persons: Donald Trump, Trump, Goldman Sachs, Tony Pasquariello, What's, Pasquariello, America's Masashi Akutsu, Akutsu, Morgan's Masanari Takada, Takada, It's Organizations: Nikkei, Bank, Bank of America, Hitachi, Retailing, Trump Locations: Japan, China, U.S, Europe
Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday, according to a spokesman for the Bureau of Prisons. The federal Probation Department had recommended that Judge Lewis Kaplan sentence Ellison to three years of supervised release, with no time behind bars. Kaplan allowed Ellison to remain free on bail until surrendering to prison either on or after Nov. 7. He was sentenced to 25 years in prison in March and also was ordered to pay $11 billion in forfeiture by Kaplan. Both Bankman-Fried and Ellison had faced the same statutory maximum sentence of about 110 years in prison for their crimes.
Persons: Caroline Ellison, Sam Bankman, Ellison, Lewis Kaplan, Kaplan, FTX spiraled, I've, Miss Ellison, Nishad Singh, Fried Organizations: Alameda Research, Bureau of Prisons, federal, Department Locations: New York, Connecticut, Alameda, Fried . Alameda, FTX, U.S, Manhattan
Prosecutors say Allen actually confessed over 60 times to the murders while in prison, to his wife, his mother, family members, the prison warden, the psychologist who treated him in prison, other prison employees and other inmates. The jury on Thursday heard recordings of seven prison phone calls Allen made to his wife and mother, according to WTHR. Monica Wala, the prison psychologist who treated Allen at Westville Correctional Facility, testified for the prosecution that he confessed to the crimes multiple times, once in great detail, according to WTHR. He also spoke about wanting to go back and change his actions and apologize to the families, Wala testified. He had a serious mental health history and had experienced both major depressive disorder and anxiety disorder, Wala testified during cross-examination.
Persons: CNN — “, Abby, Libby, Richard Allen, Allen, Abigail “ Abby ” Williams, Liberty “ Libby, “ Honey, , WTHR, , we’ve, , Monica Wala, I’m, Wala, , John Galipeau, Galipeau, Michael Clemons, Richard Matthew Allen, Michael Conroy, Deanna Dwenger, Brad Rozzi, ” WTHR, Frances Gull, Odinism, Gull, Tobe Leazenby, Darrell Sterrett, Stacy Bozinovski, Bozinovski, Jennifer Auger, “ Richard Allen Organizations: CNN, WTHR, Prosecutors, Liberty, Westville Correctional Facility, WRTV, CVS, Courthouse, AP Defense, Indiana Department of Corrections Behavioral Health, , Delphi Locations: Allen, an Indiana, Delphi , Indiana, Delphi, Westville, Wala, Carroll
How Missile Defense Works (and Why It Fails)
  + stars: | 2024-11-02 | by ( Agnes Chang | Samuel Granados | ) www.nytimes.com   time to read: +8 min
How Missile Defense Works (and Why It Fails) Iran fired two of the largest barrages of ballistic missiles ever at Israel this year. Neither attack caused major damage, but some Israeli and American officials said it may have been a Here’s why stopping a ballistic missile attack is hard. A defensive missile called an interceptor must be fired soon after that to reach the incoming missile in time. Israel’s best-known defense system, the Iron Dome, was built to stop short-range rockets, and is too slow and limited when it comes to ballistic missiles. Interceptor Enemy missile Kill vehicle Re-entry vehicle SPACE ATMOSPHERE Enemy missile Re-entry vehicle Interceptor Kill vehicle SPACE ATMOSPHERE Enemy missile Re-entry vehicle Kill vehicle Gimbaled sensor Rear thruster Enemy missile Re-entry vehicle Kill vehicle Gimbaled sensor Rear thruster Enemy missile Re-entry vehicle Warhead Enemy missile Re-entry vehicle Warhead Layers of defense Layers of defense Both an interceptor and an enemy missile shed the boosters that power them into space.
Persons: don’t, Israel, Israel — Organizations: Missile Defense, Israel, U.S, Drones, Ballistic, Iran’s Locations: Iran, Israel, United States, U.S
Top Chinese research institutions linked to the People's Liberation Army have used Meta's publicly available Llama model to develop an AI tool for potential military applications, according to academic papers and analysts. Top Chinese research institutions linked to the People's Liberation Army have used Meta's publicly available Llama model to develop an AI tool for potential military applications, according to academic papers and analysts. It was found to outperform some other AI models that were roughly 90% as capable as OpenAI's powerful ChatGPT-4. The researchers didn't elaborate on how they defined performance or specify whether the AI model had been put into service. Meta has embraced the open release of many of its AI models, including Llama.
Persons: Army's, Meta META.O, ChatBIT, Sunny Cheung, Meta Organizations: People's Liberation Army, Reuters, PLA, Academy of Military Science, Meta, Jamestown Foundation Locations: China, U.S
Iran responded to that attack with a drone and missile barrage on Israel that was at the time unprecedented. Israel retaliated with a limited strike on Iran which caused little damage. U.S. defense officials told NBC News that Israel had told their American counterparts about Saturday's strikes ahead of time, but that the U.S. was not involved in the attack. "The fact that Iran is downplaying the attack and what's been hit is good news," he told NBC News on the phone. "Whether Israel and Iran will think like this is a different matter," he added.
Persons: Biden, “ it’s, Masoud Pezeshkian, Abbas Araghchi, Pezeshkian, Israel, ” Jordan, , Ismail Haniyeh, Hassan Nasrallah, Michael Milshtein, Yossi Mekelberg, what's Organizations: Israel Defense Forces, U.S, NBC News, IDF, Islamic Revolutionary Guard Corps, American, Palestinian Studies, Tel Aviv University Dayan Center, Chatham House’s, North Africa Program Locations: Iran, Israel, America, Tehran, Khuzestan, Ilam, East, Qatar, Saudi Arabia, , Iraq, Beirut, Gaza, Lebanon, Damascus, Yemen, Syria, U.S
Twenty-eight years after Lyle and Erik Menendez were sentenced to life in prison for killing their parents, the brothers may be getting a second chance at freedom. Netflix also released a documentary titled “The Menendez Brothers” earlier this month. Some legal experts say the Hollywood projects, as well as a public shift in attitude toward victims of sexual abuse, helped bring renewed attention to the Menendez brothers, paving the way for their potential release from prison. “And people then took a look.”Lyle and Erik Menendez fatally shot their parents with shotguns in their Beverly Hills mansion in 1989. “They are kind, intelligent, and honest men.”Lyle Menendez is now 56, and Erik Menendez is 53.
Persons: Lyle, Erik Menendez, Ryan Murphy, Menendez, , Kim Kardashian, , ” Mark Geragos, ” Lyle, Erik, Javier Bardem, Chloë Sevigny, Cooper Koch, Nicholas Alexander Chavez, Nicholas Chavez, Gregg DeGuire, George Gascón, “ Menendez, José Menendez, Erik’s, Manny Medrano, ” Murphy, , ’ I’m, Gascón, Lyle Menendez, ” Gascón, Anthony Solis, “ They’ve, Kardashian, ” Kardashian, ” Lyle Menendez, Gascón “, , Ryan Murphy’s Organizations: Netflix, Hollywood, NBC News, RCA Locations: Beverly, Los Angeles, Los Angeles County, California, San Diego
President Joe Biden called out Tesla and SpaceX CEO Elon Musk, now a Republican megadonor and Trump campaign surrogate, for hypocrisy on immigration on Saturday, saying Musk launched his long career in the U.S. as an "illegal worker" before becoming the world's wealthiest man. The president made these remarks at a campaign event to support Democrats that took place in Pittsburgh, Pennsylvania, on Saturday. Labeling Musk as former President Donald Trump's wealthy new "ally," Biden said, "That wealthiest man in the world turned out to be an illegal worker here when he was here," referring to Musk. The Trump campaign did not immediately respond to CNBC's request for comment on Biden's remarks. Musk had arrived in the U.S. with the stated intention of attending grad school at Stanford in the mid-90s.
Persons: Joe Biden, Elon Musk, Musk, Donald Trump's, Biden, He's, Trump, Zip2, Tesla, Kamala Harris, it's, Brennan, , Rebecca Picciotto Organizations: SpaceX, Republican, Trump, America PAC, Peterson Institute for International Economics, Washington Post, Stanford, Forbes, Twitter, Democratic, Brennan Center for Justice Locations: U.S, Pittsburgh , Pennsylvania, United States, Pennsylvania, Musk's
Israel pounds Beirut and Gaza after rockets hit Israel's north
  + stars: | 2024-10-20 | by ( ) www.cnbc.com   time to read: +3 min
Israel struck what it said were Hezbollah arms facilities in southern Beirut on Saturday after the Lebanese armed group fired rockets into northern Israel and a spokesman said a drone was launched at Prime Minister Benjamin Netanyahu's holiday home. On Saturday, Israeli planes dropped leaflets over southern Gaza with a picture of Sinwar and the message: "Hamas will no longer rule Gaza". In Beirut's southern suburbs, Israel carried out heavy strikes on several locations, leaving thick plumes of smoke hanging over the city into the evening. The strikes targeted "a number of Hezbollah weapons storage facilities and a Hezbollah intelligence headquarters command center", Israel's military said. The United States would like to see Israel scale back some of its strikes in and around Beirut, U.S. Defense Secretary Lloyd Austin said.
Persons: Israel, Benjamin Netanyahu's, Netanyahu, Iran's, Yahya Sinwar, Beit Lahiya, Hassan Nasrallah, Lloyd Austin Organizations: Israel, U.S . Defense Locations: Hireyk, Dahieh, Beirut, Lebanon, Lebanese, Israel, Iranian, Gaza, Beit, Israeli, Iran, United States, U.S
The Raytheon Technologies headquarters building is seen at dusk in Arlington, Virginia, on Jan. 20, 2024. The Raytheon subsidiary of defense contractor RTX agreed Wednesday to pay more than $950 million to settle U.S. Department of Justice investigations into an alleged government contract fraud scheme, violations of foreign bribery laws and the Arms Export Control Act. More than $22 million of that settlement will be offset by Raytheon's settlement with the DOJ. The company as part of the DOJ settlement also agreed to enter into deferred prosecution agreements involving that conduct in federal district courts in Brooklyn, New York, and Massachusetts. We are committed to working closely with the incoming independent monitor to improve and further enhance our ethics and compliance program."
Persons: RTX, Kevin Driscoll, Driscoll Organizations: Raytheon Technologies, Raytheon, U.S, Department of, Control Act, U.S . Securities, Exchange Commission, DOJ, State Department, Defense Department, Patriot, SEC, Raytheon Company Locations: Arlington , Virginia, Qatar, Brooklyn , New York, Massachusetts, Brooklyn
Hurricane Milton makes its way toward Florida. Hurricane Milton plows toward FloridaFlorida is, once again, bracing for a direct hit as Hurricane Milton approaches the state and the window to evacuate closes. A storm surge of up to 15 feet is forecast along a stretch of the coast that includes Tampa, St. Petersburg and Sarasota. Florida is especially vulnerable to storm surge because “it doesn’t take much to push water over land that would be dry,” said Cody Fritz, the Storm Surge Unit Team Lead at the National Hurricane Center. “Where?”Follow our live blog for the latest forecasts and information about Hurricane Milton.
Persons: Milton, Harris, Trump, Hurricane Milton, , Cody Fritz, Helene, they’re, , , ’ ”, Mark Prompakdee, Read, Sen, Sherrod Brown, Chuck Todd, Elon Musk, Josh Shapiro, Musk, Trump’s Butler, Benjamin Netanyahu, Lloyd Austin, Yoav Gallant, Joe Biden, Lisa Marie Presley, it’s Grazer, Ethel Kennedy, Robert F, Kennedy, Tama, David Ingram, — Elizabeth Robinson, Elizabeth Robinson Organizations: NBC, National Hurricane Center, Storm Surge, Twin, NBC News, Hurricane, More Hurricane Milton, Trump, Democratic, Trump ”, Saints, Republicans, White, Tech, Pennsylvania Gov, Washington D.C, U.S . Defense, Israeli, ISIS, Border Patrol, Biden, Alaska Locations: Florida, Arizona, Hurricane, Florida Florida, Tampa, St, Petersburg, Sarasota . Florida, St . Petersburg, Twin City, Hurricane Milton, More, battlegrounds, Phoenix, Utah, Ohio, Trump’s Butler , Pennsylvania, Washington, U.S, Iran, Afghan, Oklahoma, America, San Francisco
Many posts on TikTok and X, some of which garnered millions of views, speculated on the relationship between Thomas and Abraham. Thomas, who is based in Baton Rouge, Louisiana, was arrested in Dallas on Tuesday. Some TikTok users claimed to be “Mr Prada victims” and would make videos feigning distress when Thomas would like their videos, according to Know Your Meme. The East Baton Rouge Sheriff’s Office said it found blood, sharp objects and other weapons in Thomas’ home, according to an affidavit for an arrest warrant. The East Baton Rouge Sheriff’s Office said “there is no evidence to suggest that Thomas was a client of Abraham.” A motive and relationship are still under investigation, according to the sheriff’s office.
Persons: Terryon Thomas, William Nicholas Abraham, Thomas, Abraham, Thomas ’, Prada, , Jarrett Ambeau Organizations: NBC News, Baton, Baton Rouge Sheriff’s, Prosecutors Locations: Baton Rouge , Louisiana, Dallas, Tangipahoa Parish , Louisiana, Baton Rouge, Thomas ’, Louisiana
Immediately after Oct. 7, Hezbollah began carrying out strikes in northern Israel in a show of solidarity with Hamas. Isolated and in hiding in Gaza, Mr. Sinwar’s communication with his organization has become strained. Image A poster of Mr. Sinwar at a Palestinian refugee camp in Beirut, Lebanon, in August. The failure of Hezbollah or Iran to meaningfully damage Israel is a telling sign of Mr. Sinwar’s miscalculation, American officials said. On Sept. 13, Hezbollah released a letter that Mr. Sinwar sent in support of Mr. Nasrallah.
Persons: Yahya Sinwar, Sinwar, Benjamin Netanyahu, Israel, Mohammed Saber, Hassan Nasrallah, Mr, Nasrallah, Alkis Konstantinidis, Netanyahu, Ismail Haniyeh, Haniyeh, Arash Khamooshi, Yoav Gallant, ” Mr, Gallant, , Scott D, ” Julian E, Barnes, Adam Goldman, Edward Wong, Adam Rasgon, Aaron Boxerman, Ronen Bergman Organizations: Israel, U.S, Hezbollah, Hamas, Mr, Credit, The New York Times, U.S . Defense Intelligence Agency Locations: Gaza, Israel, U.S, Deir al, Lebanon, Iran, Palestinian, Beirut, Egypt, Qatar, Tehran, Rafah, Tel Sultan, Washington, New York, Jerusalem, Tel Aviv
Liverpool, ENGLAND — British defense officials are vying to secure more funding as Finance Minister Rachel Reeves' upcoming Autumn budget risks exacerbating already beleaguered efforts to boost military investment. Maria Eagle, the U.K.'s minister of defense procurement, joined a chorus of voices that called on the sector to prove that it could be more efficient under the new government, as the Treasury grapples with allocating its stretched finances. Meanwhile, the war in Ukraine has cast a spotlight on deep inefficiencies within Britain's defense sectors, provoking calls for reform. A 72-page House of Lords report published Thursday last week warned of "burdensome bureaucracy" in military recruitment and "cumbersome" procurement processes. Unless "laser-sharp priorities" are set, even 2.5% might not be enough to meet the country's defense needs, it said, adding that the government must acknowledge the essential need for higher defense spending and communicate that to the public.
Persons: Sir Keir Starmer, Rachel Reeves, Maria Eagle, We've, Eagle, Let's, Keir Starmer, Organizations: RAF, Armed Forces, Treasury, Labour Party, NATO Locations: Oxfordshire, Liverpool, ENGLAND, Ukraine
George Gascón, the Los Angeles district attorney, said on Thursday that his office was reviewing a decades-old case involving the brothers Lyle and Erik Menendez, who killed their parents in their Beverly Hills home and were sentenced to life in prison. The case in the 1990s was one of the first to draw a daily national audience to a televised criminal trial. Defense lawyers for the brothers argued that they had been sexually molested for years by their father, and had killed out of fear. Mr. Gascón wouldn’t indicate which way he was leaning, but his remarks indicated that the sex abuse claims are among the aspects his office was reviewing. He said his office was divided over whether the brothers should remain in prison for the rest of their lives.
Persons: George Gascón, Lyle, Erik Menendez, Prosecutors, Gascón Organizations: Beverly Hills Locations: Los Angeles, Beverly
JD Vance and Tim Walz play nice during the vice presidential debate. Vance and Walz put on a display of Midwest nice in vice presidential debateCordial handshakes book-ended the first and only debate between vice presidential candidates Sen. JD Vance of Ohio and Minnesota Gov. On and on it went as Vance, the right-wing Republican, and Walz, a progressive Democrat, put on a textbook performance of Midwest nice. Both Vance and Walz attempted to pin America's woes on the others' presidential candidates. Read more about the missile attack in Israel and follow our live blog for the latest updates.
Persons: Vance, Tim Walz, Benjamin Netanyahu, Israel, Walz, Sen, JD Vance, Harris, Joe Biden, Kamala Harris, , → Walz, → Vance, Trump, “ Tim, I’m, ” Walz, Hassan Nasrallah, Masoud Pezeshkian, , Read, Hurricane Helene, Helene, Saul Young, Bertha Mendoza, Mendoza, ” Guillermo Mendoza, Bertha Mendoza’s, Angel Mitchell, Biden, Kamala Harris ’, Sean “ Diddy ” Combs, John Amos, Mount Everest, David Gray, Everest, Elizabeth Robinson Organizations: Minnesota Gov, Republican, Biden, Trump, Israel Defense Forces, Israeli, Impact Plastics, News Sentinel, USA, Network, National Weather Service, Jewish, NBC News, Good Times, NBC, Deal Locations: Everest, Ohio, Springfield , Ohio, Hong Kong, Israel, Iran, Lebanon, U.S, Gaza, Yemen, Syria, East, Tennessee, Hurricane, Erwin, Tenn, Asheville, , Asheville . Politics, Gulf, Mexico, Texas, Mount
It’s the second time Iran has launched an aerial attack on Israel this year, but Tuesday’s barrage was of a different magnitude. Israel's anti-missile system intercepts rockets after Iran fired a salvo of ballistic missiles, as seen from Ashkelon, Israel, on October 1, 2024. While the Israeli military said most of the missiles were intercepted, some landed on Israeli soil and appeared to cause damage. Atta Kenare/AFP/Getty ImagesIn Gaza, Israel’s war against Hamas grinds on almost a year after the Palestinian militant group’s attack on Israel. Since Israel’s war in Gaza began, US troops have also been the target of escalating attacks by Iran-backed proxy groups.
Persons: Benjamin Netanyahu, Israel, Hassan Nasrallah, Israel –, Amir Cohen, Pat Ryder, , Nasrallah, Jonathan Panikoff, Hezbollah's, Atta Kenare, Ismail Haniyeh, PMO, Netanyahu, Naftali Bennett, Masoud Pezeshkian, Alexi J . Rosenfeld, Matthew Miller, Lloyd Austin Organizations: CNN, Israel, Reuters, Air Base, Tel Nof Air Base, Pentagon, Hezbollah, Getty, Hamas grinds, Islamic Revolutionary Guard Corps, Israeli, New, State Department, US Navy, US Army, US, Israel . Defense Locations: Israel, Iran, Lebanon, Beirut, Here’s, Syria, Ashkelon, Reuters Iran, Tehran, Tel Aviv, Israel’s, Washington, Yemen, Tehran's Palestine, AFP, Gaza, Iranian, Iraq, East, New York City, Eshkol Region, Jordan
Markets are now braced for what could follow a likely Israeli retaliation against Iran. watch nowOil prices gained over 5% in the previous session following the missile strike, before tapering to a 2.5% climb. Oil infrastructure 'tempting targets for Israel'Lewis Sage-Passant, an adjunct professor of intelligence at Sciences Po in Paris, described energy markets as jittery, as investors watch for Israel's next moves. Even without direct targeting, much of the world's oil infrastructure sits under these missile's flight paths, so naturally everyone is very nervous." Questions remain whether a strong Israeli response would restore deterrence or trigger further escalation from Iran and tip the nations into a full-blown war.
Persons: Amir Cohen, Hassan Nasrallah, Lewis Sage, Jake Sullivan, Roger Zakheim, what's, Zakheim, Abbas Araghchi, Sara Vakhshouri Organizations: Reuters Israel's, Brent, West Texas, Isles, RBC Wealth Management, Sciences Po, Israel, Energy, U.S . National, Ronald Reagan Institute, Investments, Saab, BAE Systems, Thales, Rheinmetall, Iran's, SVB Energy Locations: Ashkelon, Israel, Tel Aviv, Iran, Tehran, London, Asia, Paris, U.S, Washington
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