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☆ Intuit shares drop as quarterly forecast misses estimates due to revenue getting delayed
▼ + stars: | 2024-11-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed. Intuit called for second-quarter earnings of $2.55 to $2.61 per share, with $3.81 billion to $3.85 billion in revenue. At Thursday's close, Intuit shares were up about 9% so far in 2024, while the S&P 500 has gained almost 25% in the same period. On Tuesday Intuit shares slipped 5% after The Washington Post said U.S. President-elect Donald Trump's proposed Department of Government Efficiency had discussed developing a mobile app for federal income tax filing. WATCH: H&R Block, Intuit shares fall after report Trump admin considering a free tax-filing app

Persons: Sasan Goodarzi, LSEG, Sandeep Aujla, Aujla, Donald Trump's, CNBC's Jon Fortt, Goodarzi, he's Organizations: Intuit, Global Business Solutions Group, Small, Washington Post, Government Efficiency, CNBC, Trump Locations: Los Angeles, MailChimp, Thursday's

☆ Want to invest behind Nvidia's Blackwell chip launch? Wall Street says try these stock alternatives
▼ + stars: | 2024-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors looking for alternative ways to profit off of Nvidia 's impending Blackwell chip rollout may want to take a look at these derivative plays. Shares of Nvidia fell 3% despite topping quarterly earnings expectations and Wall Street's forecast. The stock has whipsawed amid concerns of slowdown following several quarters of monstrous revenue growth and lofty guidance beats. Semiconductor product manufacturers MACOM Technology Solutions and Semtech are other potential beneficiaries from a strong Blackwell rollout, according to Stifel's Tore Svanberg. This includes companies such as Marvell Technology , Credo Technology and Astera Labs .

Persons: Brad Lin, Lin, Asiya Merchant, Stifel's Tore Svanberg Organizations: Nvidia, Blackwell, Bank of, Taiwan Semiconductor Manufacturing, Dell, Hewlett Packard Enterprise, Semiconductor, MACOM Technology Solutions, Marvell Technology, Technology, Astera Labs Locations: Taiwan

☆ Welcome to the shopping mall for the TikTok era
▼ + stars: | 2024-11-20 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +6 min

A new brick-and-mortar store from the e-commerce startup Outlandish is bringing to life the world of TikTok Shop. In addition to TikTok Shop, Outlandish has experience working with brands to help them sell on Douyin and other social apps. Other TikTok Shop sellers have experimented with adding livestreaming spaces to their storefronts, such as the New York-based pre-owned luxury store What Goes Around Comes Around. Outlandish, which began in 2018 as a social shopping agency in China, is an official TikTok Shop partner. If that does happen, August said Outlandish's Santa Monica sellers could pivot to livestreaming on other platforms.

Persons: Anker, TikTok, Allison Wise, Amanda Perelli, William August, ByteDance, it'll, Outlandish's, Outlandish's Santa Monica Organizations: Goli, QVC, TikTok, US, Congress Locations: Los Angeles, China, Santa Monica's, influencers, Santa Monica, Asia, Los Angeles and New York, Mexico, Spain, America, New York, Santa, Outlandish's Santa, livestreams

☆ Visa and Mastercard execs grilled by senators on 'duopoly,' high swipe fees
▼ + stars: | 2024-11-19 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Interchange fees, also known as swipe fees, are paid from a merchant's bank account to the cardholder's bank, whenever a customer uses a credit card in a retail purchase. "In 2023 alone, Visa and Mastercard charged merchants more than $100 billion in credit card fees, mostly in the form of interchange fees," Durbin told the committee. Visa and Mastercard, however, stand by their swipe fees. But the current high credit card swipe fees for retailers translate to higher prices for consumers, the National Retail Federation told the committee in a letter ahead of the hearing. "Last year, the average American spent $1,100 in swipe fees, more than they spent on pets, coffee or alcohol."

Persons: Bill Sheedy, Linda Kirkpatrick, Democratic Illinois Sen, Dick Durbin, Durbin, Republican Kansas Sen, Roger Marshall, Ryan McInerney, Sheedy, Americas Linda Kirkpatrick, Dodd, Frank, Roger Alford, General Merrick Garland Organizations: Visa, Americas, Mastercard, Committee, Democratic Illinois, Republican Kansas, Credit, National Retail Federation, Notre Dame University Locations: Washington ,

☆ The US Navy is leaving the volatile Middle East without an aircraft carrier again, even as fighting continues
▼ + stars: | 2024-11-19 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementThe US Navy's sole aircraft carrier in the Middle East left the region over the weekend. The US is now without a carrier in the volatile Middle East for the first time in a while. An E/A-18G Growler launches from the flight deck of the aircraft carrier USS Abraham Lincoln in October. AdvertisementUSNI News first reported on Monday the Lincoln's departure from the Middle East. AdvertisementThe aircraft carrier USS Abraham Lincoln prepares to conduct a replenishment-at-sea with the destroyer USS Frank E. Petersen Jr. in November.

Persons: Abraham Lincoln, Arleigh Burke, Frank E, Petersen, Michael Murphy, Spruance, Theodore Roosevelt, Dwight D, Eisenhower, Lincoln, Harry S, Truman, Defense Lloyd Austin, Pat Ryder, Austin Organizations: Navy's, East, US Navy, Business, Fleet, Lincoln, US, Pentagon, Israel, Defense, US Air Force, Navy, Hamas Locations: Lincoln, Iran, Portugal's, Gulf of Aden, Israel, Gaza, Lebanon

☆ The Houthis appear determined to score a hit on the American and European warships in the Red Sea, US envoy says
▼ + stars: | 2024-11-19 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Houthis appear determined to strike US and allied warships in the Red Sea. The Houthis appear determined to strike American and European warships as part of their ongoing campaign of Red Sea attacks, a senior US State Department official said. The oil tanker MV Sounion on fire in the Red Sea following multiple Houthi attacks. US warships are frequently tasked with intercepting Houthi threats, including attack drones and anti-ship missiles, above the Red Sea and Gulf of Aden. Related storiesUS officials have routinely said that Washington is committed to fending off the Houthi attacks, which have disrupted a key global supply route.

Persons: —, Yemen Tim Lenderking, Lenderking, Pat Ryder, Washington Organizations: US State Department, European Union, US Navy, Pentagon, Houthi Media Center, Galaxy, Houthi Media, AP, US Defense Intelligence Agency Locations: Red, Europe, Yemen, Iranian, Gulf of Aden, Iran, Mandab, Russia, Gulf of Aden ., Africa

☆ Russia's engagement with the Houthis as they lob missiles at ships is getting 'serious,' US official says
▼ + stars: | 2024-11-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementRussia could offer support to the Iran-backed Houthis as they menace key shipping lanes. A senior US State Department official said Moscow is engaging with the rebels at a "serious level." Russia could decide to help the Houthis with their Red Sea attacks and is engaging with the Iran-backed rebels at a "serious level," a senior US State Department official said. "It does seem as though there is a fairly serious level of engagement happening," Lenderking said of the Houthis and Russia. Tehran has provided Moscow with lethal aid, including missiles and drones similar to what it has given the Houthis in previous years.

Persons: Yemen Tim Lenderking, Lenderking, Vladimir Putin, Mohammed Hamoud Organizations: US State Department, State Department, United, Lebanese Hezbollah, US Navy, US Locations: Russia, Iran, Moscow, Yemen, Saudi Arabia, Washington, Ukraine, United Nations, Lebanese, Israel, Tehran, Gulf of Aden, Red

☆ I grew up in Nashville. Here are 7 things I wish tourists knew before they visited.
▼ + stars: | 2024-11-15 | by ( Shaan Merchant | ) www.businessinsider.com time to read: +1 min

If you're going to try the city's famous hot chicken, do it right — and learn some of the history first. Not all Nashville hot chicken is the same. bhofack2/Getty ImagesIf there's one thing that's more synonymous with Nashville than music, it's hot chicken. Today, hot chicken pops up on menus across the city with all sorts of variations, but the dish has a long history in the Black community of Nashville. And I definitely think it's worth making the trip to Prince's to get the original hot chicken.

Persons: It's, Prince, casanova Thorton Prince, Prince Jeffries , Organizations: Nashville Locations: Nashville, Black, Southern foodways, Prince's

☆ Shopify stock skyrockets 25% on revenue beat, rosy holiday forecast
▼ + stars: | 2024-11-12 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Shopify shares popped more than 25% in Tuesday morning trading after the Canadian e-commerce company posted better-than-expected revenue for the third quarter and gave an optimistic forecast for the holiday shopping season. Revenue: $2.16 billion vs. $2.12 billion expected by LSEGShopify said it expects revenue in the current quarter to grow at at a percentage in the mid- to high-twenties. That surpassed Wall Street's expectations of 22.8% for revenue growth, according to FactSet. Shopify sells software for merchants who run online businesses as well as services such as advertising and payment processing tools. Shopify shares are up about 45% year to date.

Persons: LSEG Shopify, FactSet, Gross, Harley Finkelstein, Vera Bradley, Hanes, Finkelstein, Jeff Hoffmeister Organizations: Walmart, Lionsgate Entertainment, Reebok, Nasdaq

☆ Piper Sandler names Nvidia a top pick, sees shares rising nearly 20% after blockbuster year
▼ + stars: | 2024-11-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Nvidia is a 'most-own' stock, according to Piper Sandler. The investment firm named the semiconductor giant its top large-cap pick, citing the launch of Nvidia's upcoming Blackwell chip and lead within artificial intelligence computing. Analyst Harsh Kumar stood by his overweight rating on the stock and raised his price target to $175 from $140. Additionally, Nvidia's Blackwell chip should become available in the first quarter of next year and could bring in between $5 billion to $8 billion in revenue, Kumar said. "As supply improves, we see more customers coming on for Blackwell beyond initial hyperscaler adoption in the following April quarter," Kumar wrote.

Persons: Piper Sandler, Harsh Kumar, Kumar, Nvidia's Blackwell, Grace Blackwell Organizations: Nvidia, Blackwell, Microsoft, Meta

☆ Wall Street growing worried the stock market's Trump rally is getting ahead of itself
▼ + stars: | 2024-11-11 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 surged 4.7% last week, its biggest weekly gain since November 2023. Now, some on Wall Street are worried the rally may soon cool off, at least in the near term. He noted that 27% of S & P 500 companies hit 52-week highs on Wednesday when stocks made an explosive move the day after the election. The S & P 500 closed Friday's session at 5,995.54 after briefly trading above 6,000 for the first time. Elsewhere on Wall Street this morning, Piper Sandler named Nvidia a top pick, calling for a gain of nearly 20%.

Persons: Donald Trump, Jonathan Krinsky, Krinsky, Scott Chronert, Piper Sandler Organizations: Dow Jones Industrial, Nasdaq, Citigroup, Nvidia

☆ US vs. Chinese replenishment ships: The workhorses that keep aircraft carriers operating
▼ + stars: | 2024-11-10 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +12 min

Yet for all their importance, their missions would be impossible if not for the US Navy's unsung workhorses: replenishment ships. But replenishment ships also form the weakest link in the chain of American and Chinese carrier groups. Chow Chung-yan/South China Morning Post via Getty ImageChina's replenishment shipsThe US Navy has over 100 years of experience building and operating replenishment ships. Ultimately, the Chinese opted to pursue a new design for its next replenishment ships: the Type 903-class oiler. China has the largest shipbuilding industry in the world, however, enabling it to quickly build more oilers and convert some of its merchant ships into replenishment ships.

Persons: —, Jason R, Henry J, Kaiser refuels, Kenan O'Connor, Kaiser, Lewis, Clark, Dwight D, Eisenhower, Cole Keller, John Lewis, Harvey Milk, Earl Warren —, USNS Robert F, Kennedy, Chow Chung, Michael Singley, Chaganhu, Benjamin Brimelow Organizations: Service, US, Supply, Military Sealift Command, US Navy, Military Sealift Command's Combat Logistics Force, MSC, FAS, USNS Supply, Navy, General Dynamics, USNS, General Dynamics's National Steel and Shipbuilding Company, China Morning, Soviet Navy, NATO, USS Supply, Japanese Ministry of Defense, Sealift Command, Big, Global Affairs, Fletcher School of Law, Diplomacy, Business, Modern, Institute Locations: China, Red, Getty, Ukraine, Gulf, Aden, Shandong, Taiwan, Guam, South China, Pacific, USNS Pecos, Israel, Iran, West

☆ The US needs ammunition for its next big war — a lot of it
▼ + stars: | 2024-11-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

The US has sent Ukraine and Israel billions of dollars worth of ammunition in recent years. The wars in Ukraine and the Middle East show the US how much ammo it will need for its next big war. Beyond the ammunition, the US has also sent Ukraine a significant amount of armored vehicles, air-defense systems, drones, anti-tank weapons, small arms, and more. Given Beijing's formidable arsenal of anti-ship missiles, Navy vessels would need to be well-armed with interceptors to take down these threats and defend American assets in the Pacific. The US has transferred Patriot batteries and their associated interceptor missiles to Ukraine, where they have gotten a workout against Russian missiles.

Persons: —, Bradley Martin, Biden, Dwight D, Eisenhower, Mark Cancian, Martin, Alexandra Shea, Lockheed Martin Organizations: US, Service, Factory, AP, Pentagon, Brown University, US Navy, Navy, US Marine Corps, Center for Strategic, International, RAND, US Army, Pacific . Officials, Russian, Ship Locations: Ukraine, Israel, Red, Navy, Russia, Ukrainian, Iran, Yemen, Gulf of Aden, Iranian, China

“And then this oppressive atmosphere in the town and the control that the Church exerts over the whole of society. “Small Things Like These” may appear to be a small, quiet film, especially when compared to Murphy’s Oscar-winning blockbuster “Oppenheimer,” but the film’s hero is on an epic moral journey. Despite having the feel of a period movie, this Irish story has not yet been consigned to the past. This is the first film for Murphy’s production company, “Big Things” and is executive produced by Matt Damon and Ben Affleck. “Small Things Like These” releases in theaters in the US on Friday and is already out in cinemas in the UK.

Persons: Cillian Murphy, Oscar winner’s, Yvonne McGuinness, Murphy, Claire Keegan’s Booker, Ireland’s Magdalene laundries, “, didn’t, Enda Walsh, Peaky, Tim Mielants, ” Murphy, Bill Furlong, Enda Bowe, Furlong, Bill, Emily Watson, Murphy’s Oscar, “ Oppenheimer, ”, Matt Damon, Ben Affleck Organizations: CNN, Catholic Church, Lionsgate, Ireland, Roman Catholic Church Locations: Ireland’s, Northern Ireland

☆ Payments giant Adyen reports 21% jump in third-quarter sales
▼ + stars: | 2024-11-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Adyen reported a big miss on first-half sales Thursday. Adyen reported a jump in sales in the third quarter as the Dutch payments firm gained wallet share and added new customers, diversifying its merchant mix. The company, whose technology allows businesses to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros ($535.5 million), up 21% year-on-year on a constant currency basis. Payments firms saw a boost from an increase in online shopping during the height of the Covid-19 pandemic. But in recent years, companies such as Adyen have faced pressure from lower consumer spending.

Persons: Adyen Organizations: North Locations: U.S, Canada, Europe, East, Africa, North America

Bernie Marcus, the co-founder of Home Depot who became a billionaire philanthropist and GOP donor, has died at the age of 95. "The entire Home Depot family is deeply saddened by the death of our co-founder Bernie Marcus," the company said. Born to Russian-Jewish immigrants in 1929, Marcus grew up in Newark, New Jersey, according to a biography shared by Home Depot. According to Forbes, Marcus had a net worth of about $11 billion at the time of his death. A longtime booster of Atlanta civic projects, Marcus donated $250 million to help build the Georgia Aquarium, among the largest in the world.

Persons: Bernie Marcus, Bernie, He’s, Marcus ’, Marcus, Arthur Blank, Ken Langone, Forbes, Jeb Bush, Scott Walker, Donald Trump, Hillary Clinton, Trump Organizations: Home Depot, CNN, Rutgers University, Atlanta Falcons, NASDAQ, Georgia Aquarium, Florida Gov, Wisconsin Gov Locations: Russian, Newark , New Jersey, Atlanta, Florida, United States

☆ Bernard Marcus, cofounder of The Home Depot and billionaire Republican megadonor, has died
▼ + stars: | 2024-11-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Bernard “Bernie” Marcus, the billionaire Home Depot cofounder and a Republican megadonor, who in recent years became an outspoken supporter of former President Donald Trump, has died, the company announced Tuesday. “The entire Home Depot family is deeply saddened by the death of our cofounder Bernie Marcus,” The Home Depot said in a statement. The Home Depot got its start in Atlanta, a city where Marcus was a well-known philanthropist with his wife Billi. Some Trump opponents attempted to launch a boycott of The Home Depot in 2016 and in 2019 because of Marcus’ support of the Republican nominee for president. I don’t want to work — I’m too lazy, I’m too fat, I’m too stupid.’”“We used to have free speech here.

Persons: New York CNN — Bernard “ Bernie ” Marcus, Republican megadonor, Donald Trump, Bernie Marcus, ”, “, Bernie, ” Marcus, Arthur Blank, Marcus, Blank, Handy, Billi, “ He’s, John McCain, Ron DeSantis, Marcus ’, — Organizations: New, New York CNN, Republican, Rutgers University, Depot, Marcus Autism, Emory University, Georgia Aquarium, Trump, Fox News, Fox Business, The, Financial Times Locations: New York, Newark , New Jersey, California, Atlanta, Georgia, Florida, America

☆ The Houthis couldn't have built their most dangerous weapons without help from Iran and others, UN experts find
▼ + stars: | 2024-11-05 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The Houthis possess a sizable arsenal of weapons, including missiles and drones. The Houthis have used these weapons to target ships in the Red Sea and Gulf of Aden. AdvertisementThe Houthi rebels couldn't have amassed their dangerous arsenal of weapons without extensive help from Iran and its proxy forces in the Middle East, according to a new report for the United Nations. Related storiesThe Houthis held a military parade in September 2023, during which the group boasted a formidable arsenal of anti-ship missiles, ballistic and cruise missiles, surface-to-air missiles, aerial drones, naval drones, speedboats, surveillance systems, and mines. AdvertisementUS naval forces have repeatedly intercepted vessels attempting to smuggle weapons from Iran to the Houthis illegally.

Persons: —, couldn't Organizations: UN, Service, United Nations, UN Security, Lebanese Hezbollah, Pentagon Locations: Gulf of Aden, Iran, Yemen, Lebanese, Israel, Gaza, Iran's

☆ The risks for a second Trump term are too high, says Atlas Merchant Capital CEO Bob Diamond
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe risks for a second Trump term are too high, says Atlas Merchant Capital CEO Bob DiamondBob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, why he's supporting Vice President Kamala Harris, and more.

Persons: Bob Diamond Bob Diamond, Kamala Harris Organizations: Trump, Atlas Merchant Capital, Barclays

☆ Rise of Middle-Class Shoplifters: Americans Are Stealing From Stores
▼ + stars: | 2024-11-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +18 min

And before you ask, no, he doesn't feel bad about it, especially when he pilfers from Whole Foods. AdvertisementBut there's also a lot we don't know about retail theft. "No, I don't feel bad about stealing from Jeff Bezos," one 20-something occasional shoplifter in Washington, DC, told me. "It doesn't feel like a world in which I can really get by and build a life very easily anymore, " he said. Advertisement"If most of this is happening in Walgreens and Walmart and places like that, I don't know, is it a problem?"

Persons: Carson's, he's, Carson, He's, shoplifts, Jeff Bezos, there's, it's, Joshua Jacobson, California who's, —, that's, Ernesto Lopez, they've, Jeff Prusan, Joe Schmoes, they're, Keith, shoplifter, That's, Donovan, Donovan's, snagging, she's, Jacobson, Jeff Bezos isn't, David Johnston, we're, hasn't, Emily Stewart Organizations: Walmart, Foods, Amazon, National Association of, Criminal, Atlantic, Depot, Target, Guardian, National Retail Federation, Business Locations: New York, California, Washington ,, Atlanta, Texas, Illinois, Walgreens

☆ How the Houston teacher certification scheme worked
▼ + stars: | 2024-11-03 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +12 min

CNN —Robert “Boo Lee” Williams was still seething days after a popular basketball coach and two assistant principals at Houston’s first two historically Black high schools were arrested in an alleged teacher certification scheme. “In fact, when he was caught red-handed in February of 2024 he was logged into one test,” Levine said. A pattern of long drives helps unravel schemeHarris County District Attorney Kim Ogg, left, and felony chief prosecutor Mike Levine announce arrests in teacher certification scheme. They then drove sometimes four or more hours to the Houston area and suddenly they were passing the test,” Levine said. “This ain’t just a Black school in Houston.

Persons: Robert “ Boo Lee ” Williams, ”, Williams, Jack Yates, … I’m, Kim Ogg, “, Vincent Grayson, Booker T, Nicholas Newton, LaShonda Roberts, Yates, Ogg, ” Ogg, Tywana Gilford Mason, Gilford Mason, Grayson, Black, Cheryl Irvin, Irwin, It’s, Mike Levine, ” Levine, Levine, Newton, Feroz Merchant, Roberts ’, Brandon Leonard, we’ve, Roberts, Kirk Sides, Texas Education Agency “, Alexandra Elizondo, ” Elizondo, Houston Jon Shapley, Pearson VUE, ” Pearson, Allison Bazin, “ They’re, Jackie Anderson, KHOU, ” Williams, Roland Martin, Phylicia Rashad, Debbie Allen, Vincent Grayson’s Organizations: CNN, Jack Yates Senior High School, Houston Independent School District, Washington High, Prosecutors, Wilhite, HISD, Booker, Washington, Tuskegee Institute, KHOU, Houston Chronicle, Texas Education Agency, Investigators, Washington High School, State, “, Houston Federation of Teachers, Yates, ” Locations: Ward, Texas, …, ” Harris County, Harris County, Harris, Houston, ”, Dallas

☆ With ‘Endurance,’ an Oscar-winning duo meet their toughest subject to date
▼ + stars: | 2024-11-01 | by ( Tom Page | ) edition.cnn.com time to read: +10 min

CNN —Jimmy Chin has done many memorable things in his time, but the adventure athlete and Oscar-winning filmmaker is still more used to documenting big stories than becoming the story itself. (credit: Jimmy Chin) Jimmy Chin/National Geographic/PA Media“It was like finding a needle in a thousand haystacks,” Chin added. They, along with Natalie Hewit, directed “Endurance,” a thrilling retelling of the discovery of the lost ship Endurance. CNN: Why do you think Shackleton remains such an enduring figure of fascination and inspiration? Chin: I think there’s some consensus that this is one of the greatest stories of survival ever told.

Persons: Jimmy Chin, “, Elizabeth Chai Vasarhelyi, Chin, George Mallory, Andrew “ Sandy ” Irvine, Edmund Hillary, Tenzing Norgay, –, ‘ A.C, ’ ”, ” Chin, Vasarhelyi, Natalie Hewit, Ernest Shackleton, Frank Hurley, Shackleton, it’s, that’s, Hurley, they’ve, we’ve, Jimmy –, they’re, Jimmy, Doug, Kris Tompkins, Alex Honnold, I’ve, Alex, He’s Organizations: CNN, British, Endurance, British Film Institute, Geographic, Disney Locations: Mallory’s, Irvine, Everest, Weddell, Lansing, Dominican Republic, Shackleton, Chile, Patagonia

☆ The US Navy fired nearly $2 billion in weapons over a year of fighting in the Middle East
▼ + stars: | 2024-10-31 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The US Navy has been involved in combat operations in the Middle East for over a year. In that time, Navy warships and aircraft in the region have fired $1.85 billion worth of munitions. AdvertisementThe US Navy has fired off nearly $2 billion worth of munitions since it began intense combat operations in the Middle East a little over a year ago. An F/A-18E Super Hornet launches from the flight deck of the USS Dwight D. Eisenhower in the Red Sea. Advertisement"We've demonstrated that on multiple occasions throughout the Middle East, whether it's supporting the defense of Israel, protecting the freedom of navigation in the Red Sea, or addressing threats throughout the Middle East and other places," he added.

Persons: —, Dwight D, Eisenhower, Jonathan Word, Maj, Pat Ryder Organizations: US Navy, Service, Navy, Business, Pentagon, Hornet, US, Street Journal, US Central Command Locations: Red, Israel, Iran, Aden, Gaza, Iranian, Yemen

HONG KONG — A key piece of a little-told chapter of World War II history almost ended up in a landfill. That diary is now believed to be the only known primary source documenting the involvement of Chinese naval officers in the D-Day landings at Normandy. The 24 British-trained Chinese naval officers were forced to choose between the two sides, with many of them going on to have distinguished careers in the Chinese or Taiwanese militaries. Instead he settled down in Hong Kong, a British colony at the time, where he worked as a merchant seaman until the late 1960s. A page from Lam’s journal on display at the Fringe Club in Hong Kong last month.

Persons: Lam Ping, Chiang Kai, Lam, “, ”, ” Lam, John Mak, Chiang, Mao Zedong’s, Peter Parks, Mak, Angus Hui, crackdowns, Lau Suk Yin, ” Hui, ” Mak Organizations: Pacific, U.S, Royal Naval College, Allied, Fringe Club, Getty Locations: HONG KONG, Hong Kong, Normandy, Indonesia, China, United States, Britain, France, Norwegian, Germany, Japan, Mao Zedong’s Communist, Republic of China, Taiwan, British, Brazil, AFP, Greater China

☆ The US Navy's Eisenhower carrier strike group racked up over 100 drone and missile kills battling the Houthis
▼ + stars: | 2024-10-25 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The Dwight D. Eisenhower Carrier Strike Group spent months battling the Houthis in the Red Sea. The captain of the lead ship said the strike group destroyed over 100 Houthi threats during the deployment. AdvertisementA US Navy carrier strike group that battled Houthi threats in the Red Sea for months destroyed over 100 missiles and drones during its deployment. The Dwight D. Eisenhower Carrier Strike Group was on the front lines throughout much of the US military's ongoing campaign against the Houthis. The Eisenhower strike group fired nearly 800 munitions during its deployment, which began last fall and wrapped up in July.

Persons: Dwight D, —, Chris Hill, Eisenhower, Hill, Merissa Daley, Ike, Adm, George Wikoff, Wikoff Organizations: Eisenhower Carrier Strike Group, Service, US Navy, Eisenhower Carrier Strike, Military Reporters, Conference, Navy, Hornet, Attack Munitions, 5th Fleet Locations: Red, Iran, Yemen, Washington

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