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☆ UK navy seizes anti-tank missiles being smuggled out of Iran, adding to a mountain of weapons intercepted by the US and its partners at sea
▼ + stars: | 2023-03-02 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

UK forces recently intercepted a small boat illegally smuggling missiles from Iran to Yemen. It's the latest incident to see the US and partner forces seize weapons in Middle East waters. U.S. naval forces seized 2,116 AK-47 assault rifles from a fishing vessel transiting along a maritime route from Iran to Yemen. Once these weapons are seized, there are a handful of places they can end up — depending on what, exactly, was obtained during the raid. In some past cases, explosives have been detonated at sea while the rifles and ammunition were sent ashore to be destroyed.

☆ A first-of-its-kind fighter jet landing shows India's big ambitions for its growing aircraft carrier fleet
▼ + stars: | 2023-02-23 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +7 min

Two fighter jets landed on and took off from India's new aircraft carrier, INS Vikrant, this month. The continued growth of India's carrier fleet reflects New Delhi's ambitions in the region. Indian carriersA naval variant of India's Tejas fighter jet lands on INS Vikrant on February 6. Indian navyThough Vikrant is India's first domestically built carrier, it is actually the fourth to enter service with the Indian Navy. The third carrier, INS Vikramaditya, is a modified Kiev-class carrier India purchased from Russia in 2004.

☆ Rising tensions with Russia have NATO militaries worried about the revival of a Cold War-era submarine threat
▼ + stars: | 2023-02-16 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +9 min

A top concern is that those subs could be used to attack or interfere with undersea cables and pipelines. Ander Gillenea/AFP/Getty ImagesConcern about Russia's expanding underwater capabilities and the danger they pose to critical underwater infrastructure has risen since Russia seized Crimea in 2014. Since then, Russian submarines have deployed more often and for longer and their activity close to critical undersea infrastructure has increased. Recent Russian submarine activity does suggest an increasing focus on being able to get into the Atlantic and closer to the US East Coast. At a Senate hearing in February 2020, the head of US European Command was asked if US forces have "sufficient visibility" on Russian submarines in the Atlantic.

☆ The U.S.-China relationship will de-tension in the months ahead, says Adm. James Stavridis
▼ + stars: | 2023-02-15 | 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 U.S.-China relationship will de-tension in the months ahead, says Adm. James StavridisFormer NATO Supreme Allied Commander Admiral James Stavridis joins 'Squawk Box' to discuss the strategic relationship between the U.S. and China, signals of easing tension to look out for, and the latest news regarding the U.S. striking down of aerial objects.

☆ The US Navy's struggle to keep ships in fighting shape is leading sailors to 'cannibalize' more parts from other ships
▼ + stars: | 2023-02-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Shortages of spare parts is driving US sailors to take more and more parts from other ships. The spare parts shortage only exacerbates an already dismal Navy maintenance situation, with overburdened and understaffed shipyards unable to perform necessary overhauls on schedule. The study listed a cascade of causes for the shortage of spare parts: "Parts obsolescence, diminishing manufacturing sources, and material shortages are common issues." Likewise, militaries have long cannibalized equipment during operations when spare parts may not be available. Steaming hours have also declined for Navy ships, though by how much isn't clear, as the Department of Defense has classified the data.

☆ Grade My Trade: SBLK, QQQ & ADM
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrade My Trade: SBLK, QQQ & ADMCNBC’s ‘Halftime Report’ investment committee, Jenny Harrington, Steve Weiss and Joe Terranova, weigh in on Star Bulk Carrier, NASDAQ 100 and Archer Daniels.

☆ Western forces are raiding gunrunners at sea and throwing wrenches into Iran's plans
▼ + stars: | 2023-02-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

CENTCOM said this month that it supported "partner naval forces" during a January raid in the Gulf of Oman. U.S. naval forces seized 2,116 AK-47 assault rifles from a fishing vessel transiting along a maritime route from Iran to Yemen. UK naval forces also seized surface-to-air missiles and cruise-missile rocket engines that came from Iran. U.S. naval forces seized 2,116 AK-47 assault rifles from a fishing vessel transiting along a maritime route from Iran to Yemen. It remains to be seen whether the increase in raids will actually impact Iran's regional influence over the long-term.

☆ A global recession could be coming - at least that's what commodity prices seem to say
▼ + stars: | 2023-02-09 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Right now, the chief economist at the Institute of International Finance, Robin Brooks, is watching weakening commodity prices. Specifically, Brooks pointed out that oil and copper prices have slumped roughly 6% each since mid-January, despite China's easing of zero-COVID policies. "Whatever is going on in China, there's no sign that the end of zero-COVID is boosting global growth, based on commodity prices," Brooks said in a tweet. "Oil prices never went up and copper prices are falling after the initial China reopening excitement fades." He pointed to the sharp change in oil prices last week as an example of shallower liquidity.

☆ Here are Thursday's biggest analyst calls: Exxon, Disney, Tesla, Apple, Affirm, Ulta, Alphabet & more
▼ + stars: | 2023-02-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Baird downgrades Bunge to neutral from outperform Baird downgraded the agribusiness and food company's after its disappointing earnings report on Wednesday. JPMorgan reiterates Uber as a top pick JPMorgan says it's sticking with the stock after its "strong" earnings report on Wednesday. Goldman Sachs reiterates Exxon as buy Goldman says it's sticking with its buy rating on shares of Exxon. Bank of America reiterates Apple as neutral Bank of America says Apple Services are at risk for further deceleration. Oppenheimer reiterates Ulta as outperform Oppenheimer says the bull case still has legs" for Ulta.

☆ The US Navy is offering its most experienced special-operations sailors up to $100,000 to stay in uniform
▼ + stars: | 2023-02-04 | by ( Steve Balestrieri | Sandboxx News | ) www.businessinsider.com time to read: +4 min

Now the Navy is offering experienced Naval Special Warfare sailors with bonuses up to $100,000. Special Warfare Combatant-craft Crewman at Joint Expeditionary Base Little Creek-Fort Story in Virginia in July 2010. Phase Two of the program targets NSW sailors that are E-8s who have between 24 to 26 years of service. They can earn up to $50,000 in retention bonuses, with $25,000 offered each year. Phase Three of the program targets NSW sailors that are E-9s and have between 26 to 28 years of service.

Between 30 and 40 employees that oversee the power co-generation plant at the central Illinois site are on strike and the company has brought in replacement workers, the union said. There are nearly 5,000 employees at the sprawling Decatur facility that processes corn and soybeans into food, animal feed and biofuels, according to ADM. "ADM is refusing to offer these workers wages and benefits on par with what union members receive at other union facilities," J.P. Fyans, Local 916 president, said in a media statement. ADM has offered the members "an extremely competitive proposal" and continues to negotiate with the union in good faith, said company spokesperson Jackie Anderson. The Decatur site, ADM's global headquarters until a move to Chicago a decade ago, houses a soybean crushing plant and one of the largest corn wet mills in the world.

☆ Ron Insana says even with the big jobs report, there are signs of disinflation
▼ + stars: | 2023-02-03 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Wage inflation, of course. Economists can complain about wage inflation all they want, but a 4.4% annual gain, now decelerating, is not the bogeyman they claim it to be. The Fed's reliance on the so-called "Phillips curve," which links low unemployment to rising inflation, is an archaic construct. Lower unemployment today is hardly leading to runaway wage inflation.

☆ Air Force general predicts war with China in 2025, tells officers to get ready
▼ + stars: | 2023-01-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +3 min

A four-star Air Force general sent a memo on Friday to the officers he commands that predicts the U.S. will be at war with China in two years and tells them to get ready to prep by firing "a clip" at a target, and "aim for the head." In the memo sent Friday and obtained by NBC News, Gen. Mike Minihan, head of Air Mobility Command, said, “I hope I am wrong. My gut tells me will fight in 2025.”Air Mobility Command has nearly 50,000 service members and nearly 500 planes and is responsible for transport and refueling. His order builds on last year’s foundational efforts by Air Mobility Command to ready the Mobility Air Forces for future conflict, should deterrence fail.”In March 2021, Adm. Philip Davidson, then commander of the U.S. Indo-Pacific Command, told a Senate Armed Services Committee hearing that “Taiwan is clearly one of [China’s] ambitions. “I think the threat is manifest during this decade, in fact, in the next six years,” said Davidson.

☆ For the 2nd year in a row, Iran is sailing its biggest warship around the world to show off its growing navy
▼ + stars: | 2023-01-27 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

Iranian warships left Iran in September on what one official said was a journey around the world. Visiting far off landsIranian navy Makran near the Strait of Hormuz in May 2021. They have repeatedly seized Iranian arms shipments bound for Yemen and have often had tense encounters with Iranian warships. Iran has also started an indigenous shipbuilding program to grow its navy, which is designed to defend the Persian Gulf. "Yet the focus of Iran will continue to be the Persian Gulf, the Gulf of Oman, and the Indian ocean.

The solid quarterly earnings highlighted how global crop merchants like ADM have weathered rising energy costs and supply chain disruptions such as lower Black Sea grain exports following Russia's invasion of Ukraine. "As we look forward to 2023, we expect another very strong year," Chief Executive Juan Luciano said. "We still see tightness in supply and demand balances in key products and regions," he said, citing reduced Ukrainian grain supplies and smaller harvests in drought-hit Argentina. Adjusted operating profit in Ag Services and Oilseeds rose as strong South American crop exports and good margins offset reduced U.S. exports and as quarterly oilseed crushing profits more than doubled. ADM's adjusted net fourth-quarter earnings rose to $1.069 billion, or $1.93 per share, from $850 million, or $1.50 a share a year earlier, above the consensus estimate of $1.65 per share, based on Refinitiv data.

☆ Grain trader ADM hikes dividend as quarterly profit tops estimate
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +1 min

Jan 26 (Reuters) - Archer-Daniels-Midland Co (ADM.N) on Thursday reported upbeat fourth-quarter profit and said it will raise its dividend payments, as the global grains merchant benefited from tight global supply and hefty demand for grain and oilseeds. The strong quarterly performance followed record third-quarter earnings as tight supply and strong demand for food, feed and biofuel propelled results for the Chicago-based agribusiness. Supply chain middlemen such as ADM tend to thrive when crises such as droughts or war trigger shortages in parts of the world. It also raised its quarterly dividend by 12.5% to 45 cents. Reporting by Sourasis Bose in Bengaluru and Karl Plume in Chicago; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Morning bid: Parsing the peak, sidestepping a slump
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +4 min

"We are turning the corner on inflation," BoC Governor Tiff Macklem told reporters, while dismissing any thought of policy easing for now. Just how bad the underlying economy gets before the central banks are done is the other burning question. On the activity side, the prospect of reviving growth in China and the euro zone certainly changes the international picture. In Europe, STMicroelectronics jumped 8% after the chipmaker reported a sales beat and Finnish telecom equipment maker Nokia jumped 5% after its own beat. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

But to reach its ultimate destination - supermarket shelves - cultivated meat faces big obstacles, five executives told Reuters. California-based cultivated meat company GOOD Meat already has an application pending with the FDA, which has not been previously reported. Regulatory approval is just the first hurdle for making cultivated meat accessible to a broad swath of consumers, executives at UPSIDE, Mosa Meat, Believer Meats, and GOOD Meat told Reuters. But it will take hundreds of millions of dollars for GOOD Meat, for example, to build bioreactors of the size needed to make its meat at scale, Tetrick said. But cultivated meat companies have the advantage that they can claim their product is real meat, Tetrick said.

☆ The Nord Stream pipeline attack shows what Russia can do, Western officials say, even if they can't prove Russia did it
▼ + stars: | 2023-01-23 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

After months of investigation, Western officials can't prove Russia blew up the Nord Stream pipelines. While they can't name Russia as the culprit, officials say the attacks illustrate what Russia can do. The vulnerability of undersea infrastructure, like pipelines and data cables, is a growing concern. Four months on, investigators are unable to prove Moscow was behind the attack, but officials say the explosions illustrate the threat malign actors — especially Russia — pose to vital undersea infrastructure. Despite the uncertainty, the attack has only added to concern about threats to undersea infrastructure, particularly cables and pipelines, that connects continents and powers economies.

☆ Did the economy end 2022 with a bang or a whimper?
▼ + stars: | 2023-01-22 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

But the United States economy still seems to be chugging along just fine after experiencing a hiccup in the first half of 2022. Despite worries about weaker consumer spending during the holidays, economists are forecasting solid growth for the fourth quarter. Yearning for earningsMore blue chip companies will report fourth quarter results (and perhaps give guidance about the first quarter of 2023 and beyond) this week. But according to FactSet senior earnings analyst John Butters, earnings for the tech sector are expected to fall nearly 10% in the fourth quarter compared to the fourth quarter of 2021. Verizon (VZ), Johnson & Johnson (JNJ), Travelers (TRV), 3M (MMM), Boeing (BA), Dow (DOW), Visa (V), Chevron (CVX) and American Express (AXP).

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Russia's troops are tied down in Ukraine, but some of its best subs are still holding the US 'at risk,' top US commanders say
▼ + stars: | 2023-01-18 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

US military leaders have warned that Russia's Severodvinsk-class subs are operating near US coasts. Severodvinsk-class subs have a mix of stealth and striking power that worries US and NATO navies. Russia plans to build nine Severodvinsk-class subs, which it calls the Yasen class, and may add more in the future. In addition to nuclear propulsion, Severodvinsk-class subs have advanced quieting technology and are built with low-magnetic steel, making them harder to detect. They demonstrated it in the mid-2010s by firing Kalibr cruise missiles at ISIS targets in Syria, surprising some US officials.

☆ U.S. Navy seizes more than 2,000 AK-47s likely bound for Iranian-backed rebels in Yemen
▼ + stars: | 2023-01-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +1 min

The U.S. Navy seized more than 2,000 assault rifles from a fishing boat on Friday that were likely bound for Iranian-backed rebels in Yemen, according to a statement from U.S. Central Command. “This shipment is part of a continued pattern of destabilizing activity from Iran,” said Vice Adm. Brad Cooper, commander of U.S. Naval Forces Central Command, U.S. 5th Fleet and Combined Maritime Forces. A month earlier, the Navy and Coast Guard intercepted an enormous Iranian shipment of explosive materials headed to Yemen, according to U.S. Central Command. Iran has long supported the mostly Shiite Houthi rebels, who control much of northern Yemen and are engaged in an ongoing conflict with Saudi Arabia.

☆ US Navy ships caught a fishing boat smuggling over 2,000 AK-47 rifles from Iran
▼ + stars: | 2023-01-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

US Navy forces recently found a fishing boat transporting over 2,000 rifles from Iran to Yemen. A team from the patrol coastal ship USS Chinook discovered and boarded the ship with support from fellow Cyclone-class patrol ship USS Monsoon and the guided-missile destroyer USS The Sullivans. Navy forces found that the ship was carrying 2,116 AK-47 assault rifles. U.S. naval forces seized 2,116 AK-47 assault rifles from a fishing vessel transiting along a maritime route from Iran to Yemen. U.S. naval forces seized 2,116 AK-47 assault rifles from a fishing vessel transiting along a maritime route from Iran to Yemen.

☆ Bernard Kalb, longtime foreign affairs newsman, dies at 100
▼ + stars: | 2023-01-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

“You have a historical memory to call upon and you see the trust of American foreign policy and other foreign policy,” he said. “Anything that hurts America’s credibility, hurts America.”New York Times columnist William Safire praised the resignation. “In his final official act, Bernard Kalb rose above ‘State Department spokesman’ to become the spokesman for all Americans who respect and demand the truth,” Safire wrote. At CBS Marvin and Bernard were known as “The Kalbs,” but Bernard lived somewhat in the shadow of his younger brother. One widely circulated, but apocryphal, story had their mother calling the CBS foreign desk in New York and saying: “Hello, this is Marvin Kalb’s mother.

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