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☆ Houthi Drone Strike Highlights Dilemmas for Israel
▼ + stars: | 2024-07-20 | by ( Patrick Kingsley | ) www.nytimes.com time to read: +1 min

Israel faces a strategic dilemma over how best to retaliate for the drone attack on Tel Aviv claimed by Yemen’s Houthi militia, which is based thousands of miles from Israel’s southern borders. The attack, which struck an apartment building early on Friday near the United States diplomatic compound, killing one person and wounded several others, has heightened concerns in Israel about the threat of Iran. Tehran funds and encourages militias opposed to Israel throughout the region, including Hamas in Gaza and Hezbollah in Lebanon, in addition to the Houthis in Yemen. According to military experts, those factors make it harder for drones to be tracked by radar and intercepted by surface-to-air missiles. Yoav Gallant, the Israeli defense minister, has vowed revenge for the attack, but analysts said this weekend that Israel had few obvious options against a militia that shares no common border with Israel and has appeared undeterred by earlier displays of force by Western powers.

Persons: Yemen’s, Yoav Gallant Organizations: United Locations: Israel, Tel Aviv, United States, Iran, Tehran, Gaza, Hezbollah, Lebanon, Yemen

☆ The US Navy's Red Sea fight is more intense than even the Tanker War in the 1980s, destroyer captain says
▼ + stars: | 2024-07-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

One rare exception to this was the Tanker War that was a part of the larger Iran-Iraq War in the 1980s. "And that's why I compare that more so to World War II than, I'd say, even outpacing what was seen during the Tanker War." Specifically from the perspective of the almost non-stop air-defense engagements, the Red Sea fight has definitely been more intense than anything the US Navy has seen since World War II, including the Tanker War, he said. AdvertisementThe Second World War was much more intense given the fleets that were facing off. "Certainly, it's the most intense air-defense challenge we've encountered in a long time," Macy said of the Red Sea fight.

Persons: —, Houthi, Mason, Dwight D, Cmdr, Justin Smith, Samantha Alaman, Carney, Smith, Eisenhower, Archer Macy, Mark Duncan, Macy, we've Organizations: Service, US Navy, Business, Eisenhower Carrier Strike Group, Navy, Tanker, AP, Center for Strategic, Studies ' Missile Defense, US Locations: Gulf of Aden, Korea, Vietnam, Iran, Iraq, Gulf, Aden, Persian Gulf, Tehran, Iraqi, Red, Persian, Salle, La Salle, Okinawa, Yemen

Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company's share price, the Wall Street Journal reported Friday, citing people familiar with the matter. The firm did not hold a Starbucks stake as of March 31, its most recent disclosure. In April, the company reported disappointing quarterly results, with U.S. same-store sales falling 3% and traffic dropping 7%. Starbucks reported rates of incomplete mobile app orders in the mid-teens and said occasional customers came in less often. Narasimhan was hand-picked by returnee Starbucks CEO Howard Schultz to lead the company after his prior successor, Kevin Johnson, stepped down.

Persons: Elliott, Johnson, Laxman Narasimhan, Narasimhan, Howard Schultz, Kevin Johnson, Schultz, — CNBC's Amelia Lucas Organizations: Elliott Management, Wall Street, Starbucks, Southwest, Johnson Controls, Texas Instruments, Strategic, Center, U.S Locations: SoftBank

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☆ The Houthis struck deep into Israel with an Iranian-made attack drone likely upgraded for longer-range strikes, IDF says
▼ + stars: | 2024-07-19 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The Houthis claimed responsibility for the rare attack on Tel Aviv early Friday morning local time, which marked their first lethal attack in Israel. Rear Adm. Daniel Hagari, an IDF spokesperson, said an initial assessment suggests the system used in the attack was an Iranian-made Samad-3 one-way attack drone with an extended range. AdvertisementVery clear footage of a kamikaze UAV fired by Yemen’s Houthis targeting Tel Aviv overnight, near the United States Embassy Office. He added that the IDF is investigating this latest incident to determine why the Samad-3 was not identified as a threat and shot down before it reached Tel Aviv. Investigators examine what, according to a police spokesperson, seems to be part of an aerial device, at the site of an explosion in Tel Aviv on July 19, 2024.

Persons: —, Daniel Hagari, Samad, Yemen’s, nvMTna32YJ, Hagari, Fabian Hinz, Ricardo Moraes Israel, Israel Organizations: Service, Business, Embassy, United States Embassy Office, US Defense Intelligence Agency, REUTERS, International Institute for Strategic Studies, US Navy, US Locations: Israel, Tel Aviv, Iran, Iranian, Yemen, State, Gaza, Gulf of Aden, Lebanon, Hamas

☆ The massive IT outage is a disturbing reminder of how dependent we all are on just a few companies
▼ + stars: | 2024-07-19 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIf you had to fly, log in to your bank account, or go for elective surgery, a massive IT outage Friday offered a reminder: We're all in this technical morass together. "And when it's combined with the Microsoft platform, which it was in this instance, that's really going to amplify the disruptions that you're seeing." "It's going to make it harder for the government to issue and maintain regulatory structures," he said of the decision. "That's really not going to happen when you've got 85% of the infrastructure in private sector hands," he said.

Persons: —, CrowdStrike, Chris Cummiskey, Cummiskey, Charles Hosner, it's, Hosner, that's, you've Organizations: Service, Business, Cummiskey Strategic Solutions, US Department of Homeland Security, Microsoft, Boston Consulting, LinkedIn, DHS, White Locations: Netherlands, Belgium, Washington

CNN —On a night Republicans projected bravado around their 2024 presidential ticket, Donald Trump started his prime-time address by displaying a rare vulnerability. The former president’s son Eric Trump delivered conservative red meat, much like his brother Donald Trump Jr. had a night earlier. Little mention of Biden (by name)Trump said Thursday night that he would use Biden’s name only once. Thursday night, CNN reported that many senior-ranking White House and campaign officials now privately believe that Biden must abandon his campaign for a second term – and soon. And especially so on its final night, when the politicians mostly gave way to right-leaning celebrities.

Persons: Donald Trump, Trump, “ I’m, ”, “, ” Trump, I’m, laud, Joe Biden’s, Tucker Carlson, Eric Trump, Donald Trump Jr, bemoaned, Corey Comperatore, Butler, Comperatore, Biden, it’s, Axelrod, Melania Trump, Melania, Hulk Hogan, Kid, Dana White, There’s, Hogan, Terry Bollea, couldn’t, he’s, “ He’s, ” Hogan, – Organizations: CNN, Republican National Convention, Democratic, Trump, Gold Star, Republican, Republicans, White, Biden, RNC, Fighting, ”, Democrats Locations: Pennsylvania, Milwaukee, Butler , Pennsylvania, Comperatore, Chicago, Trump, American

Here are the best retirement plans, calculators, investment strategies, and tips you can use to ensure your retirement savings plan is on track. Understanding retirement needsAssessing your retirement needsUnfortunately, there's no general number to aim for when saving toward retirement. Financial experts recommend delaying Social Security until you reach full retirement age (age 70). This rule states that retirees can withdraw up to 4% of their retirement savings in year one of retirement. The 4% rule in retirement planning suggests withdrawing 4% of your retirement savings each year to prevent you from prematurely running out of money for at least 30 years.

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☆ A major shift at Starbucks has changed its personality
▼ + stars: | 2024-07-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Employees who brewed and served Starbucks coffee, whom Starbucks called baristas, handwrote customers’ names on their drink orders. But Starbucks’ business has transformed, and it has struggled to maintain its identity as that third place along the way. In some stores, customers complained online that Starbucks pulled out comfortable chairs and replaced them with hard wooden stools. Mobile ordering was another major step in Starbucks’ road to becoming primarily a take-away business. Starbucks also is opening 2,000 new stores, including traditional Starbucks locations, pick-up stores, delivery-only stores and drive thru-only locations.

Persons: Howard Schultz, ” Schultz, “, Stephen Brashear, Michelle Eisen, ”, ” Eisen, Laxman Narasimhan, — it’s, Schultz, Tim Boyle, Wall, Tom Cook, Casey, “ It’s, Cook, ” ‘, Michael Casey, Alex Wong, Joe Pine, Eisen Organizations: New, New York CNN, Starbucks ., Starbucks, Employees, Getty, Starbucks Workers, LinkedIn, Mobile, Horizons, Harvard Business Locations: New York, America, Buffalo , New York, United States, North America, U.S, Newsmakers, Buffalo

☆ The CrowdStrike outage could be a wake up call to DC lawmakers: CSIS Fellow Caitlin Chin-Rothmann
▼ + stars: | 2024-07-19 | 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 CrowdStrike outage could be a wake up call to DC lawmakers: CSIS Fellow Caitlin Chin-RothmannCaitlin Chin-Rothmann, Center for Strategic and International Studies, joins 'Fast Money' to talk the aftermath of the global tech outage and what it means for lawmakers.

Persons: Caitlin Chin Organizations: DC, Center for Strategic, International Studies

☆ Europe has shown it's less afraid of calling Putin's bluff than the US and getting Ukraine what it needs to fight Russia
▼ + stars: | 2024-07-19 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +15 min

Many European countries have also given more as a proportion of their GDP than the US has. AP Photo/Peter DejongIn early 2023, France became the first Western country to promise to send Ukraine Western armored combat vehicles. European countries have also led in letting Ukraine use Western weapons to hit military targets in Russia. But there are still hangups, and some European countries want partner support for Ukraine to go much further. He said that for most Americans, "if you ask them to name five European countries, they probably wouldn't be able to do it."

Persons: —, Vladimir Putin's, George Barros, Russia doesn't, Ukraine's, Joe Biden, Volodymyr Zelenskyy, Peter Dejong, Bradleys, Abrams, Davis Ellison, John Hamilton, Russia didn't, Ellison, Donald Trump, Mark Cancian, Kaja, Andrew Kravchenko Barros, Ingrida Šimonytė, Putin, Barros, It's, forwardness, Philip Ingram, Ingrida Simonyte, Denys Shmyhal, it's, Getty Images Ingram, Biden, JD Vance, it'll Organizations: Service, Kyiv, Business, High Mobility Artillery Rocket Systems, Mirage, AP, Ukraine Western, US, Army Tactical Missile Systems, Storm Shadows, The Hague, Strategic Studies, Army Tactical Missile, Russian, NATO, Marine, Center for Strategic, International Studies, Eastern, Estonia's, Lithuanian, REUTERS, British Army, Ukrainian Governmental Press Service, Anadolu, Getty Images, Republican, America, GOP, Ukraine, Prosecutor's, Getty, White Locations: Russia, Ukraine, Washington, Europe, United States, Russian, Denmark, Netherlands, Norway, Belgium, European, Sweden, France, Paris, Kharkiv, Poland, Germany, Zhytomyr, Kyiv, Borodianka, Ukraine's Kyiv, Ukrainian

☆ The West must be ready to face the 'deadly quartet' of global adversaries, analysts warn
▼ + stars: | 2024-07-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

"We're confronted by a deadly quartet of nations increasingly working together," he said, in comments reported by Sky News. The coalition described Moscow as having "shattered" peace and stability in the West and having "gravely undermined global security." Russia and North Korea deny arms transfers have taken place. Ian Bremmer, founder and president of Eurasia Group, said the latest NATO summit showed that the West and its opponents appeared to be positioning themselves in a "new Cold War posture." Russia, North Korea and Iran are already under substantial international sanctions, and those restrictions on trade and key sectors have arguably pushed them closer together.

Persons: George Robertson, We're, …, Robertson, Russia's, Xi Jinping, Vladimir Putin, Pedro Pardo, Lin Jian, Ian Bremmer, Ed Arnold Organizations: State, Government, NATO, Government Summit, Washington DC, Anadolu, Getty, Sky News, Forum, International Cooperation, of, People, Afp, Ukraine, European Union, Eurasia Group, Alliance, European Security, International Security, Royal United Services Institute Locations: Washington, United States, Russia, China, North Korea, Iran, Beijing, Ukraine, Moscow, PRC, People's Republic of China, Europe

☆ Chinese-US tensions ramp up after Xi halts nuclear arms talks
▼ + stars: | 2024-07-18 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

Read previewChina has pressed pause on arms control and nuclear proliferation talks with the US, blaming the suspension on US arms sales to Taiwan. This story is available exclusively to Business Insider subscribers. "China has chosen to follow Russia's lead in asserting that engagement on arms control can't proceed when there are other challenges in the bilateral relationship. US President Joe Biden and Chinese leader Xi Jinping began talks on nuclear proliferation and arms control in November, ahead of the first formal dialogue between the US and China in five years. Representatives for Biden and Jinping did not immediately respond to requests for comment from Business Insider.

Persons: —, Matthew Miller, Joe Biden, Xi Jinping, Ali Wyne, Donald Trump, JD Vance, Biden, Jinping Organizations: Service, Communists, Business, US State Department, Crisis, Pentagon, Biden, Brookings Institution, Trump Locations: China, Taiwan, Beijing

☆ Asia is preparing for a rogue US if Trump and Vance win the election, security and foreign policy experts say
▼ + stars: | 2024-07-18 | by ( Matthew Loh | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump upended the election tradition of "balancing the ticket" when he picked Ohio Sen. JD Vance as his running mate. Vance, a former Trump critic turned MAGA stalwart, has voiced foreign policy views in lockstep with Trump. "I think Trump's tenure has shown that fears of abandonment or ignorance of politics in Asia are overblown," he said. US-China relations won't change much, whether it's Trump or Biden at the wheelEven though Trump started the US-China trade war, experts say that China won't be too bothered if he returns to the White House. AdvertisementFor one, the Biden administration has kept most of Trump's China tariffs in place.

Persons: —, Donald Trump upended, Ohio Sen, JD Vance, MAGA, Asia that's, Vance, Trump, Dylan Loh, Loh, Chong Ja Ian, It's, it's Trump, Biden, NTU's Loh, Joe Biden hasn't, Kevin Chen, Mr Trump, Chen Organizations: Service, Trump, Business, Pacific, Asia, Nanyang Technological University, NTU, National University of Singapore, NATO, Democrat, Republican, NTU's, Rajaratnam, of International Studies Locations: Asia, lockstep, China, Ukraine, Europe, Japan, South Korea, Taiwan, Philippines, South China, France, Beijing, Pacific

☆ China's Communist Party removes ex-foreign, defence ministers from top body
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +4 min

(Photo by Thomas Peter-Pool/Getty Images)China's Communist Party removed its former foreign and defence ministers, Qin Gang and Li Shangfu, from its Central Committee on Thursday during a meeting of its largest top decision-making body, state news agency Xinhua reported. Chinese President Xi Jinping has spearheaded a wide-ranging anti-corruption campaign since becoming leader of the Communist Party in 2012. Li Shangfu was ousted as defence minister last October without explanation, before being placed under a graft investigation. Agriculture minister Tang Renjian, 61, who has been under investigation for corruption since May, remains a member of the Central Committee. Three alternate Central Committee members were appointed as full members according to the communique: Anhui provincial Communist Party personnel boss Ding Xiangqun, Sichuan provincial Communist Party personnel boss Yu Lijun and Beijing Normal University President Yu Jihong.

Persons: Foreign Affairs Josep Borrell, Qin Gang, Thomas Peter, Li Shangfu, Qin Gang's, Li Yuchao, Qin, Xi Jinping, Wei Fenghe, Tang Renjian, Ding Xiangqun, Yu Lijun, Yu Jihong, Ding Xingnong, Sun Jinming Organizations: Foreign Affairs, Foreign, Communist Party, Xinhua, Central, Central Committee, PLA Rocket Force, Liberation Army, State Council, Rocket Force, PLA, Committee, Anhui provincial Communist Party, Beijing Normal University, PLA Rocket, Former Central Committee Locations: Beijing, China, Anhui, Sichuan

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☆ See How Trump’s and Biden’s Campaign Rhetoric Compares
▼ + stars: | 2024-07-18 | by ( Lazaro Gamio | Karen Yourish | ) www.nytimes.com time to read: +13 min

If you want to chip in to help me defeat Donald Trump again, I’d appreciate your support today. Read full email ›biden President, not King July 6 at 6:49 p.m. Read full email ›biden 🇺🇸 To all of President Biden’s supporters and anyone who wants to beat Donald Trump ⛅️ July 6 at 8:55 p.m. biden The American people have seen who Donald Trump really is July 7 at 9:18 p.m. Donald Trump is a threat to our democracy. Read full email ›trump I’m launching the Trump War Council.

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☆ These 10 U.S. states have America’s worst economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +12 min

That is why CNBC looks at state economies in ranking America's Top States for Business. We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Some states are at the top of their economic game — home to America's 10 best state economies. JB Pritzker, and all the major rating agencies have the state in their "A" categories for the first time in years.

Persons: Phil Scott, Jobs, J.B . Pritzker, Erin Hooley, JB Pritzker, Asplundh, Michael G, Janet Mills, Mills, Gina Raimondo, Joe Biden, Anna Moneymaker, Gina Raimondo —, —, Rhode Island's, Luke Sharrett, Ed Zurga, Bryan Tarnowski, Hurricane Katrina, New Hampshire Jada, Patrick T, Fallon, Hawaii's, Nature, Spencer Platt Organizations: CNBC, Business, Republican Gov, Direct Investment, Illinois, Illinois Illinois Gov, Thompson Center, Tribune, Service, Democratic Gov, Major Corporations, GE Healthcare Technologies, Mondelez, Seamans, Portland Press Herald, Getty, National Association of State, Officers, Pew, Major Corporation, IDEXX, Rhode, Semiconductors, America, White, U.S . Commerce, Major, CVS Health, Hasbro, Kentucky, Bloomberg, Bluegrass State, Federal Housing Finance Agency, Kansas Carpenters, Glenn Eagles, Louisiana Homes, Treme, Louisiana State University, Hurricane, Pool Corporation, Granite State, U.S . Chamber, Commerce, New Hampshire Department, Labor, The New Hampshire Tech Alliance, Afp, Aloha State Locations: U.S, States, Vermont, Illinois Illinois, Chicago, Lincoln, Illinois, Maine, Rhode Island WASHINGTON, DC, Washington , DC, Louisville , Kentucky, Bluegrass, Kentucky, Kansas, Kansas City , Kansas, Sunflower, Claiborne, New Orleans , Louisiana, New Orleans, New Hampshire, Granite, The, Hawaii, Maui, Lahaina , Hawaii, Mississippi, Biloxi , Mississippi

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☆ Morgan Stanley says renewable energy stock is 'underappreciated' as powering AI play
▼ + stars: | 2024-07-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Bloom Energy is an up-and-coming artificial intelligence play, according to Morgan Stanley. Analyst Andrew Percoco reiterated his overweight rating on San Jose-based Bloom Energy after it announced a strategic partnership on Tuesday with Nvidia-backed GPU cloud provider CoreWeave. Under the agreement, Bloom Energy will deploy its solid oxide fuel cells to generate power for CoreWeave's data center in Illinois. The analyst's $22 price target implies shares of Bloom Energy can jump nearly 44% from its latest closing price. Bloom Energy and e-commerce giant Amazon last week entered into an agreement with Silicon Valley Power to deploy 20 megawatts of fuel cells for an Amazon data center, Percoco noted.

Persons: Morgan Stanley, Andrew Percoco, Percoco, Bloom Organizations: Bloom Energy, Nvidia, BE, CoreWeave, Intel Locations: Jose, Illinois, Bloom, Santa Clara , California

☆ Top Democrat Raskin privately encouraged Biden to reconsider reelection campaign
▼ + stars: | 2024-07-18 | by ( Betsy Klein | Pamela Brown | ) edition.cnn.com time to read: +5 min

He could have made himself not a future president but a future monarch, in effect,” Raskin wrote. Raskin continued, quoting Biden, “’In America,’ you say, ‘genuine leaders — democratic leaders, with a small ‘d’? Everything else pales in comparison to this struggle, even your magnificent policy achievements.”He framed Biden’s choice about the future of his reelection campaign as a political one. They are also political questions because both political leaders and tens of millions of voting citizens have formed judgments based on the events of the last few weeks. Raskin added, ”Your situation is tricky because you are both our star pitcher and our Manager.

Persons: Jamie Raskin, Joe Biden, George Washington, Pedro Martinez, Raskin’s, Biden, “, ” Raskin, “ George Washington, Raskin, ’ ” Raskin, ”, “ Martinez, ” Martinez Organizations: CNN —, Red Sox, New York Times, CNN, America, ”, Continental Army, New York Yankees, Boston Red Sox, Yankees, Caucus Locations: Maryland, Valley Forge , Pennsylvania, Washington, America

☆ China's focus likely to be 'security over growth,' says analyst
▼ + stars: | 2024-07-18 | 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 EmailChina's focus likely to be 'security over growth,' says analystBrian McCarthy of Macrolens discusses the uncertainty that Chinese President Xi Jinping faces in "trying to set a strategic course for China when we don't really know what the strategic approach in the U.S. is going to look like."

Persons: Brian McCarthy, Macrolens, Xi Jinping Locations: China, U.S

Morgan Stanley raised its price target on Rivian to $17 from $13. Analyst Frank Lee did raise his price target to $200 from $190, although he added that "the risk-reward is less attractive now." Guggenheim hiked the price target to $735 per share from $700. He did raise his price target for the stock to $225 from $180, although this price hike still implies that Tesla stock could fall 12%. Analyst Adam Jonas raised his price target on the stock to $17 from $13.

Persons: Morgan Stanley, Jefferies, Frank Lee, Lee, Lisa Kailai Han, Michael Morris, Morris, Guggenheim, — Jesse Pound, Morgan Stanley's Simeon Gutman, Gutman, Seth Sigman, Truist, – Samantha Subin, TD Cowen downgrades Charles Schwab, Charles Schwab's, TD Cowen, Bill Katz, Charles Schwab, Katz, mgmt, — Lisa Kailai Han, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath, Dan Levy, Levy, Dennis Geiger, Geiger, Thomas Fitzgerald, Fitzgerald, David Windley, UnitedHealth's, Windley, UNH, Adam Jonas, Rivian, Jonas, Fred Imbert Organizations: CNBC, HSBC, Qualcomm, Microsoft, Netflix, Guggenheim, Barclays, ISI, Citi, Mizuho, Bank of America, of America, Tesla, UBS, Sweetgreen, sss, IK, TD Cowen downgrades, Airlines, American Airlines, Delta, Jefferies, Presidential, Chevron, Volkswagen Locations: China, Tuesday's, Mayo, U.S, Tesla's, UnitedHealth, UNH's

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