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A Congressman is urging Elon Musk to give SpaceX Starshield access to US forces in Taiwan. AdvertisementElon Musk is facing pressure to provide SpaceX's Starshield satellite network to US defense personnel in Taiwan, according to Forbes. However, the outlet described a "group of US lawmakers" were involved in the calls for Musk to provide satellite access to US defense forces in Taiwan. The letter then called on Musk to brief the select panel regarding Starshield's capabilities in Taiwan by March 8, Forbes reported. The request could present challenges for Musk, who has considerable business ties in China, where Tesla has a significant manufacturing presence.
Persons: Elon Musk, Forbes, , Elon, Mike Gallagher, Musk, Gallagher, Taiwan's, Lai Ching, Tesla, hasn't, Joseph Wu Organizations: SpaceX, Service, Forbes ., Forbes . Wisconsin GOP, US Defense Department, Forbes, Street, Chinese Communist Party, New York Times, United States Congress, Times, Business Locations: Taiwan, China, Forbes, Forbes . Wisconsin, Russian, Starshield, Hong Kong
Houthi militants have launched attack drones and cruise and ballistic missiles at vessels in the Red Sea and the Gulf of Aden. The United States and Britain carried out another round of large-scale military strikes Saturday against multiple sites in Yemen controlled by Houthi militants, U.S. officials said. On Monday, Houthi militants fired two anti-ship ballistic missiles at a cargo ship, U.S. Central Command said in a statement. The ship, called the Sea Champion, continued on to its destination at the port of Aden in Yemen, the statement added. The American-led retaliatory air and naval strikes against Houthi targets began last month.
Persons: , Houthi, Mason, Lloyd J, Austin III Organizations: Houthi, British, Defense Department, Associated Press, , Yemeni Armed Forces, U.S ., U.S . Central Command, Central Command, Command, Iranian Locations: Aden, The United States, Britain, Yemen, Iran, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, “ U.S, U.S, Red Sea, Palau, Gaza, Israel, United States, Africa, Iraq, Syria, Saudi Arabia
(Photo by Alexey Kudenko - Host Photo Agency via Getty Images)Western nations should be bolder about confiscating Russian assets which they froze after the country's full-scale invasion of Ukraine in 2022, British Prime Minister Rishi Sunak said. "We must be bolder in hitting the Russian war economy .... And we must be bolder in seizing the hundreds of billions of frozen Russian assets," he said . Last month British Investment Minister Dominic Johnson met U.S. Deputy Treasury Secretary Wally Adeyemo to discuss the seizure of frozen Russian assets, but stressed this needed to be done in accordance with international law. The European Union, U.S., Japan and Canada froze some $300 billion of Russian central bank assets in 2022 when Russia invaded Ukraine. Sunak also urged the U.S. to continue to provide financial and military support for Ukraine.
Persons: Alexey Kudenko, Rishi Sunak, Sunak, Dominic Johnson, Wally Adeyemo Organizations: Red, Getty Images, British, Sunday Times, U.S, European Union, Ukraine Locations: MOSCOW, RUSSIA, Moscow, Russia, Soviet Union, Ukraine, U.S, Japan, Canada, Russian
“While some Ukraine-related orders are starting to come through, restocking and the impact of ongoing defense spending increases will be evident further down the line,” he noted. ‘Era of insecurity’Continued US military support for Ukraine on the scale of the past two years is looking increasingly unlikely. But the pressure on Western governments to beef up their military coffers will outlast the Ukraine war, analysts say, and it started to rise even before Moscow sent its troops marching toward Kyiv two years ago. The febrile global environment has helped lift the shares of Renk, a newly-listed German maker of military tank gearboxes, including those donated by Berlin to Ukraine. And this appeal is unlikely to fade soon, given growing defense spending by governments.
Persons: Lockheed Martin, That’s, Jens Stoltenberg, ” Trevor Taylor, Russia wouldn’t, Micael Johansson, Johansson, , Charles Woodburn, , House Republicans —, Donald Trump, Moscow, Oli Scarff, Trump, Joe Biden, Houthi, It’s, Susanne Wiegand, Myles Walton, Sweden’s, Organizations: London CNN, Russia, Kyiv, BAE Systems, Thales, Rheinmetall, Lockheed, Northrop Grumman, Atlantic Treaty Organization, NATO, Royal United Services Institute, CNN, Saab, Ukraine, House Republicans, Republican, Kiel Institute, European Union, Getty, International Institute, Strategic, Renk, Reuters, New, Wolfe Research, Sweden’s Saab Locations: Ukraine, Moscow, United States, Canada, Russia, London, Europe, Swedish, Poland, Kyiv, Congress, German, European, Newcastle, Tyne, England, AFP, Beijing, Taiwan, China, Israel, Red, Berlin, Frankfurt, Gaza, New York
Ukraine's air force said it has shot down another Russian A-50 spy plane. Ukraine previously said it shot down a Russian A-50 in January. AdvertisementUkraine's air force said it shot down another Russian A-50 spy plane on Friday. The A-50 is a crucial spy plane that allows Russian to detect incoming Ukrainian missiles and identify ground targets. AdvertisementIn mid-January, Ukraine said it shot down another Russian A-50 spy plane over Ukraine's southern Zaporizhzhia region on the same day it also said it shot down an Ilyushin Il-22 airborne command post.
Persons: , Gustav Gressel, Natalie Musumeci, Sinéad Baker Organizations: Service, CNN, Business, Ilyushin, UK's Defense Ministry, European Council, Foreign Relations Locations: Russia, Ukraine, Russian, Zaporizhzhia, Azov, Kyiv
Kostyantynivka, eastern Ukraine CNN —Artem spends a lot of time thinking about the shots he can’t afford to take. That means they can only strike top priority targets, a limitation which is allowing Russian troops to slip through. Dr. Sviatoslav Mykytiuk serves at a medical point in eastern Ukraine where soldiers are brought from the frontlines. In eastern Ukraine, Mykytiuk said, the evacuation can take up to a day, sometimes even longer. Ukraine soldiers frontline Ivana Kottasová / CNN“If he was thinner, he would have lost it,” he said.
Persons: Ukraine CNN — Artem, it’s, Artem, , ” Ivana Kottasová, Joe Biden’s, Dmytro Kuleba, Avdiivka, Ukraine “, ” Oleh Kalashnikov, Sviatoslav Mykytiuk, Mykytiuk, Ivana Kottasová, , ” Mykytiuk, , Oleh, ” Artem, ” Kalashnikov Organizations: Ukraine CNN, 26th Artillery Brigade, CNN, , United, United States Congress, Kyiv, Ukraine’s, Ukraine, The, 30th Brigade, Cemetery Locations: Ukraine, United States, Ukrainian, Avdiivka, US, Kramatorsk, it’s, Russia, Soviet Union, Bakhmut, Kharkiv, Europe, America
John Marshall of Goldman's derivatives research team said in a Feb. 22 note that investors can use options to position for a reversal in the momentum trade. Goldman's approach to hedging momentum is two-pronged: buying put options on high momentum stocks, and buying call options on "anti-momentum" stocks. "If a true momentum reversal were to occur, we see the potential to profit on both sides of the trade," Marshall wrote. Goldman has a sell rating on SkyWest and a neutral rating on Palantir. On the other leg of the trade, Goldman identified stocks with buy ratings from its analysts that have fallen over the past 12 months.
Persons: Goldman Sachs, John Marshall, Marshall, Goldman Organizations: Nvidia, Goldman, SkyWest, Pfizer
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
Two Ukrainians fighting for their country urged Ukraine's allies to keep supporting it, two years after the bloody conflict began in earnest. Despite this, the war shows no sign of ending, and war fatigue is notable in some Ukrainian allies. AdvertisementAnother soldier, callsign Local, told BI that "it's very important to help Ukraine and support Ukraine because Ukraine is like a first step to Europe. He said supporting Ukraine gives the US big returns in weakening Russia for a modest investment. AdvertisementMeanwhile, Ukrainian soldiers have warned they are low on critical ammunition and weaponry, resulting in rationing, losses, and deaths.
Persons: Ukraine's, Artem, , it's, William J, Burns Organizations: Business, Republicans, Local, Ukrainian, Russia, Ukraine, NATO, EU, CIA, US Locations: Ukraine, Ukrainian, Europe, Poland, Ukraine's, England, Lithuania —, Russia, Avdiivka
The strikes include at least dozens of targets across multiple locations in Yemen, according to one of the officials, including targets in the capital Sanaa and elsewhere. The targets included Houthi weapons, radar sites, command and control center, as well as underground weapons storage facilities. Earlier this month, the Pentagon said that the continued strikes against Houthi targets in Yemen, which began in January, have destroyed more than 100 missiles and launches, including anti-ship missiles, drones, radars and more. It is also extremely expensive and impractical, some officials note, to keep firing multimillion-dollar missiles at cheap Houthi drones and missiles. CORRECTION: This story has been updated to correct the number of strikes carried out against Houthi targets in Yemen.
Persons: Aden –, Sabrina Singh, ” Singh, , Organizations: CNN, Pentagon, United Nations, Command, US Locations: United States, United Kingdom, Yemen, Iran, Aden, Gaza, Suez, Africa, Gulf, Belize
The United States and Britain carried out another round of large-scale military strikes Saturday against multiple sites in Yemen controlled by Houthi militants, U.S. officials said. The strikes were intended to degrade the Iran-backed militants’ ability to attack ships in sea lanes that are critical for global trade, a campaign they have carried out for almost four months. American and British warplanes hit missile systems and launchers and other targets, the officials said. Australia, Bahrain, Canada, Denmark, the Netherlands and New Zealand provided support for the operation, according to a joint statement from the countries involved that was emailed to reporters by the Defense Department. The strikes, which the statement called “necessary and proportionate,” hit 18 targets across eight locations in Yemen associated with Houthi underground weapons storage facilities, missile storage facilities, one-way attack unmanned aerial systems, air defense systems, radars and a helicopter.
Persons: Organizations: Houthi, British, Defense Department Locations: States, Britain, Yemen, Iran, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand
Immediately after the polls closed on Saturday night, CNN projected that the former South Carolina governor had come up short to Trump. During the fourth quarter of 2023, Haley out-raised Trump, $24 million to $19 million. In January 2024, as the rest of the GOP field winnowed, Haley’s fundraising again bested Trump’s, $9.8 million to $8.8 million. To her credit, Haley has taken dead aim at both Trump and Putin, accusing the former of emboldening the latter. During the 2016 South Carolina primary, there were still six serious candidates in the GOP race.
Persons: Geoff Duncan, CNN — Nikki Haley’s, Donald Trump, Trump, Haley, Trump’s, Haley —, Joe Biden, Time, Biden, Nancy Pelosi, Alexey Navalny, Vladimir Putin, Putin, “ Vladimir Putin, there’s Organizations: CNN, GOP, America’s Conservative Party, South, Trump, ABC, White, Republican, PBS, Marist, NATO Locations: South Carolina, Egypt, Mexico, Hungary, Turkey, month’s, Hampshire, Russia, Carolina
Or at least that was the expectation conveyed by pre-war US wargames that simulated a Russian invasion of Eastern Europe. The think tank convened an internal workshop to assess why its wargames had so overestimated Russian military prowess. Most of them examined a Russian invasion of the Baltic States (one also covered a Ukraine invasion), and how NATO might respond. In those games, Russian forces were able to quickly overrun Estonia, Latvia and Lithuania before NATO could stop them. A destroyed Russian tank is seen as Ukrainian serviceman rides a tractor and tows a Russian military vehicle near the village of Dolyna in Ukraine's Kharkiv region in September 2023.
Persons: , Putin basks, Gian Gentile, Gleb Garanich, Ukraine's, Gentile, RAND's, Michael Peck Organizations: NATO, RAND, Service, RAND Corp, Baltic States, Russian, US, REUTERS, Baltic, US Army, Defense, Foreign Policy, Twitter, LinkedIn Locations: Russia, Baltic, Kyiv, Russian, Moscow, Ukraine, Eastern Europe, Riga, Tallinn, Baltic States, Estonia, Latvia, Lithuania, Baltics, Dolyna, Ukraine's Kharkiv, Forbes
Ukrainian forces are deploying locally made armored vehicles modeled after US military versions. Analogs of US Humvee, MaxxPro, and M113 have been built, say reports. A soldier said when he first sat in a Ukrainian Humvee, he couldn't tell the difference from a US import. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAnalogs of US Humvee, MaxxPro, and M113 are being deployed into battle against Russian forces by Kyiv, the Ukrainian outlet OBOZ.UA reports.
Persons: Organizations: Service, Russian, Security and Defense Forces, Business Locations: Ukrainian, Kyiv
Ukraine's defense ministry posted the first video showing its new Abrams tanks in battle on Friday. Ukraine received the powerful US-made tanks last fall. The Abrams adds significant firepower to Ukraine's capabilities. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementNewly released video footage offers a first look at the heavy US-made Abrams tank in combat in Ukraine.
Persons: Abrams, Organizations: Service, 47th Mechanized Brigade, Ukrainian Defense Ministry, Business Locations: Ukraine
Prabowo Subianto, Indonesia's presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. JAKARTA — Indonesia's Defense Minister Prabowo Subianto is set to become the next president in October after voters handed him a strong mandate at the Feb. 14 election. Under Widodo, Indonesia's gross domestic product has grown steadily at around 5% over the past decade — barring the pandemic years of 2020 to 2021. "Because at the end of the day, the voters will compare the economic policies which have been delivered well by the incumbent president with the next president." On the campaign trail, Prabowo's discussions on economic policy were limited, and mainly focused on promises to continue the Widodo administration's signature downstreaming policy.
Persons: Prabowo, Prabowo Subianto, Gibran Rakabuming Raka, Joko Widodo, who's, Josua Pardede, Peter Mumford, Erick Thorir, CNBC's Martin Soong Organizations: JAKARTA — Indonesia's, General, Commission, Investors, Permata Bank, Eurasia Group, CNBC Locations: Jakarta, Indonesia, JAKARTA, Asia
CNBC Daily Open: The U.S. economy seems to be holding up
  + stars: | 2024-02-23 | by ( Sumathi Bala | )   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Overnight, the S&P 500 soared to new highs fueled by Nvidia's blockbuster earnings, notching its best day since January 2023. We are seeing a very strong demand in the mobility space," Grab CFO Peter Oey told CNBC, adding that tourism is "growing very much." Cyberattacks cost the global economy an estimated $8 trillion in 2023 — that is set to rise to $10.5 trillion by 2025, said research firm Cybersecurity Ventures.
Persons: Dow, Peter Oey, Reddit, Sundar Pichai, Goldman Sachs Organizations: CNBC, Nasdaq, Social, Securities and Exchange Commission, New York Stock Exchange, Cybersecurity Ventures Locations: Asia, China, Japan
Friday’s filing from Steve Sadow, Trump’s lead attorney in the Georgia case, included an affidavit from a criminal defense investigator who said he relied on subpoenaed cell phone information and cell tower data. The investigator, Charles Mittelstadt, said he generated a report that isolated “all interactions,” including calls and text messages between Wade and Willis. (Trump’s attorney submitted a new filing Friday afternoon to clarify the types of exchanges between Wade and Willis.) In addition, Willis and Wade exchanged phone calls late into the evenings during this time, the investigator says, citing Wade’s subpoenaed cell phone data. This story has been updated with the revised filing from Trump’s attorneys, referring to 12,000 “interactions” between Wade and Willis.
Persons: Donald Trump, Fani Willis, Nathan Wade, Willis, Wade, Steve Sadow, Trump’s, Charles Mittelstadt, , , Mittelstadt, Wade’s, ” Wade, Trump, Scott McAfee, McAfee, Terrence Bradley, Bradley Organizations: CNN, Trump Locations: Georgia, Fulton County, Fulton
The Pentagon is learning lessons from the Ukraine war. It's changing the way the Pentagon plans for war, The Washington Post has reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Pettyjohn told the Post that the US had almost certainly taken note of the fact that Ukraine was using older artillery, guided to their targets using sensors and drones. AdvertisementHimars rockets cost about $240,000 each, and in 2022 were deployed effectively by Ukraine to take out Russian targets behind the front lines in precision strikes.
Persons: , Stacie Pettyjohn, Pettyjohn Organizations: Washington Post, Service, Center, New, New American Security, Post, National Defense Locations: Ukraine, New American, Russia
The Pentagon is learning lessons from the Ukraine war. The conflict has shown its missiles are vulnerable to electronic jamming, an analyst told The Washington Post. The Ukraine war is changing the way the Pentagon plans for war. But leaked US intelligence documents last year indicated concerns that Russia had found ways to target them using electronic warfare, and by the time of Ukraine's counteroffensive in the summer their impact was blunted. These weapons are not as vulnerable to electronic warfare tactics.
Persons: , Stacie Pettyjohn, Pettyjohn Organizations: Washington Post, Service, The Washington Post, Center, New, New American Security, Post, National Defense Locations: Ukraine, New American, Russia
CNN —Two years into the Ukraine war, the tide has shifted, and Russian forces have some momentum, according to retired US General David Petraeus. Michal Dyjuk/AP/FILELast weekend Gen. Petraeus was at the Munich Security Conference, the leading global national security conference that was attended by pretty much every European leader and by top American officials – including Vice President Kamala Harris and Secretary of State Antony Blinken. BERGEN: At the Munich Security Conference, what was the mood like? BERGEN: Who’s winning the war in Ukraine? BERGEN: What’s going on in Ukraine looks a lot like World War I, in the sense that it’s trench warfare, minefields, machine guns.
Persons: Peter Bergen, , David Petraeus, Vladimir Putin’s, Putin, Lord Andrew Roberts, ” David Petraeus, Michal Dyjuk, Petraeus, Kamala Harris, Antony Blinken, Alexey Navalny’s, Volodymyr Zelensky, Gen, PETRAEUS, I’ve, Olaf Scholz, Jens Stoltenberg, Tobias Schwarz, they’ll, Who’s, I’m, Vladimir Putin, Alexey Navalny, we’re, didn’t, Thomas Peter, , Zelensky, can’t, what’s, There’s, Sergei Supinsky, it’s, Andrew Roberts, Biden, Donald Trump’s Organizations: New, Arizona State University, Apple, Spotify, Trump Administration, CNN, Munich Security Conference, Conference, Supreme, NATO, Munich, Reuters, Republicans, Kremlin, Russian Federation, Kherson –, Tactical Missile Systems, Pentagon, Getty, Congress, Munich Security, PETRAEUS Locations: New America, Ukraine, United States, Afghanistan, Iraq, Avdiivka, BERGEN, Munich, Europe, Russia, Russian, Spain, Moscow, Kyiv, Kharkiv, Chernihiv, Sumy, Kherson, Ukrainian, Swedish, Donetsk, Sevastopol, Crimea, North Africa, Egypt, Kremlin, St, Petersburg, Moldova, Transnistria, Baltic, Soviet Union, AFP, ” BERGEN
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany rebuilds its military amid ongoing defense aid deliveries to UkraineHensoldt, a high-tech security defense company based in Germany, is part of the country's drive to send military equipment to Ukraine. CNBC got exclusive access into their factory in Ulm to see the TRML-4D radars, which detect Russian threats in the battlefield. Germany is ramping up its military production and support to Ukraine, amid a broader drive among NATO allies to raise their defense spending contributions to the coalition.
Organizations: Germany, Ukraine Hensoldt, CNBC, NATO Locations: Ukraine, Germany, Ulm
His second arrest Thursday was on a new warrant for the exact same charges. In a brief order, district Judge Otis Wright, who will oversee the criminal case against Smirnov in California, raised the possibility that Smirnov’s defense lawyers might be trying to make it easier for him to flee the United States. Wright has scheduled a detention hearing for Smirnov in his Los Angeles courtroom for Monday morning. As a result, the public should have confidence that it will be conducted consistent with the rule of law,” Smirnov’s attorneys wrote. “In this case, the Court has prejudged the detention issue.”Smirnov’s attorneys declined to comment on Wright’s order.
Persons: Alexander Smirnov, ” Smirnov, Joe Biden’s, Prosecutors, Smirnov, Otis Wright, Defendant Smirnov, ” Wright, Wright, Organizations: CNN, FBI, District of Locations: California, United States, Ukraine, Nevada, District, District of Nevada, Los Angeles
Lithuania, a NATO state that borders Russia, is acquiring tanks for the first time. AdvertisementLithuania, a NATO member with Russia on its doorstep, is acquiring tanks for the first time in its history. Vaidotas Urbelis, the policy director of Lithuania's defense ministry, told BI the purchase was driven by watching Russia's invasion of Ukraine. It's the first time the country has acquired tanks since its independence from the collapsing Soviet Union in 1990. Lithuania is also acquiring more armored vehicles and missiles, hosting more NATO troops permanently in the country, and strengthening its border fortifications.
Persons: , Vaidotas Urbelis, Alexander Welscher, Urbelis Organizations: Lithuanian, Service, NATO, Business, Defense, Getty Locations: Lithuania, NATO, Russia, Ukraine, Germany, Soviet Union, Russia's
Israeli Prime Minister Benjamin Netanyahu looks on as the US Secretary of State gives statements to the media inside The Kirya, which houses the Israeli Defence Ministry, after their meeting in Tel Aviv on October 12, 2023. He is expected to visit Israeli Prime Minister Benjamin Netanyahu as Washington closes ranks with its ally that has launched a withering air campaign against Hamas militants in the Gaza Strip. Israeli Prime Minister Benjamin Netanyahu disclosed his first official plan for the post-war future of the Gaza Strip, calling for Israel's ongoing military presence in the enclave and for the preservation of a security buffer zone — a step antithetical to the wishes of closely-allied Washington. In the intermediate term, Israel wishes to "maintain its operational freedom of action in the entire Gaza Strip, without a time limit," as well as to retain a security buffer within the besieged territory. "The security perimeter being created in the Gaza Strip on the border with Israel will remain as long as there is a security need for it," the document says.
Persons: Benjamin Netanyahu, Blinken, Netanyahu, Israel, Matt Miller, Israel — Organizations: Israeli Defence Ministry, Washington, Hamas, NBC News, Gaza, U.S . State Locations: Tel Aviv, Israel, AFP, Gaza, Washington, Palestinian, U.S, Egypt
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