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Markets are now braced for what could follow a likely Israeli retaliation against Iran. watch nowOil prices gained over 5% in the previous session following the missile strike, before tapering to a 2.5% climb. Oil infrastructure 'tempting targets for Israel'Lewis Sage-Passant, an adjunct professor of intelligence at Sciences Po in Paris, described energy markets as jittery, as investors watch for Israel's next moves. Even without direct targeting, much of the world's oil infrastructure sits under these missile's flight paths, so naturally everyone is very nervous." Questions remain whether a strong Israeli response would restore deterrence or trigger further escalation from Iran and tip the nations into a full-blown war.
Persons: Amir Cohen, Hassan Nasrallah, Lewis Sage, Jake Sullivan, Roger Zakheim, what's, Zakheim, Abbas Araghchi, Sara Vakhshouri Organizations: Reuters Israel's, Brent, West Texas, Isles, RBC Wealth Management, Sciences Po, Israel, Energy, U.S . National, Ronald Reagan Institute, Investments, Saab, BAE Systems, Thales, Rheinmetall, Iran's, SVB Energy Locations: Ashkelon, Israel, Tel Aviv, Iran, Tehran, London, Asia, Paris, U.S, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJefferies' base case for US defense spending is in 3-5% range, says Sheila KahyaogluSheila Kahyaoglu, Jefferies defense analyst, joins CNBC's 'The Exchange' to discuss the impact of Iran's missile strikes on defense stocks, U.S. defense spending, and more.
Persons: Email Jefferies, Sheila Kahyaoglu Sheila Kahyaoglu Organizations: Jefferies
Energy stocks – U.S. crude oil futures rose 4% on worries that Iran is preparing to attack Israel , sending shares of energy companies higher. Defense stocks – Defense stocks rose on Tuesday after the White House warned that Iran was preparing an "imminent" ballistic missile attack on Israel. Shares of Lockheed Martin and Northrop Grumman were last trading higher by 3.7% and 4.1%, respectively. Paychex – The stock rose more than 4%, hitting a new 52-week high, after the company reported better-than-expected fiscal first-quarter results. Clorox – Shares of the household supplies company climbed nearly 2% after an upgrade to buy from hold at Jefferies.
Persons: Morgan Stanley, Israel, Halliburton, McDonald's, Lockheed Martin, Northrop Grumman, Paychex, Walt Disney, Raymond James, Clorox, , Sarah Min, Hakyung Kim, Samantha Subin, Lisa Kailai Han, Pia Singh, Michelle Fox, Darla Mercado Organizations: New Fortress Energy, New Fortress, Deutsche Bank, New, , APA Corp, Occidental Petroleum, Energy, Arcos, Defense, House, Lockheed, L3Harris Technologies, HP Inc, Citi, Walt Disney —, CVS Health, CNBC, Reuters, Jefferies Locations: Iran, Hess, Israel
An oil platform in the Red Sea in Ras Behar region, Egypt on January 29, 2023. Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces. Brent crude futures for November delivery increased 16 cents, or 0.22%, to $72.14 a barrel as of 0043 GMT. That contract expires on Monday and the more-active contract for December delivery gained 10 cents, or 0.14%, to $71.64. "The recent escalation of attacks in the Middle East is increasing the likelihood of Iran being directly dragged into the conflict, putting a significant risk around supply disruptions at the OPEC producer," ANZ Research said in a note.
Persons: Brent, WTI, Israel, Iran's, Sayyed Hassan Nasrallah, Lloyd Austin, Jerome Powell Organizations: . West Texas, Organization of, Petroleum, Hezbollah, ANZ Research, Lebanon . U.S . Defense Locations: Red, Ras Behar, Egypt, Israel, China, Iran, OPEC, Yemen, Lebanon . U.S, Washington, Libya
US Secretary of Defense Lloyd Austin speaks during a press briefing at the Pentagon in Washington, DC, on July 25, 2024. U.S. Defense Secretary Lloyd Austin has authorized the military to reinforce its presence in the Middle East with "defensive" air-support capabilities and put other forces on a heightened readiness status, the Pentagon said on Sunday. "[Austin] increased the readiness of additional U.S. forces to deploy, elevating our preparedness to respond to various contingencies," Pentagon spokesman Air Force Major General Patrick Ryder said in a statement. The statement did not detail what new aircraft would be deploying to the region. "Secretary Austin made clear that should Iran, its partners, or its proxies use this moment to target American personnel or interests in the region, the United States will take every necessary measure to defend our people," Ryder added.
Persons: Defense Lloyd Austin, Lloyd Austin, Patrick Ryder, Austin, Ryder Organizations: Defense, Pentagon, U.S . Defense, Air Force Locations: Washington ,, Austin, Iran, United States
Russia's military is advancing on the battlefield in Ukraine, but at home the Kremlin appears to have suffered a number of fiery setbacks that are captured in new satellite imagery: A failed test of a new missile, and a wave of Ukrainian strikes that set ablaze arms depots deep inside the country. “I think that we are closer to the peace than we think,” Ukrainian Zelenskyy said in an interview with ABC News that aired Monday. We just have to be very strong, very strong,” he said. The Ukrainian military said Saturday it had recorded fire and detonation at the Oktyabrsky depot. The images show damage to rail lines and missile canisters at the site.
Persons: Volodymyr Zelenskyy, , Zelenskyy, Organizations: ABC News, Maxar Technologies Locations: Ukraine, Kyiv, Russia, Russia's Kursk, United States, U.S, Colorado, Oktyabrsky, Tver
President Joe Biden will address the United Nations General Assembly for the final time as commander in chief Tuesday morning amid the spiraling conflict in the Middle East, Russia’s ongoing war in Ukraine and growing global concerns about China’s influence. They are also Biden’s first remarks before the General Assembly since Hamas’ attack on Israel in October and the conflict that has ensued in Gaza, killing thousands of civilians. He’ll speak to the leaders of other nations as hope for a cease-fire deal between Israel and Hamas has dimmed. As Israel continues its battle with Hamas, its conflict with Iran-backed Hezbollah has also escalated in recent days. Other key speakers expected at the General Assembly include Iran’s new president, Masoud Pezeshkian; Ukrainian President Volodymyr Zelenskyy; Palestinian Authority President Mahmoud Abbas; and Israeli Prime Minister Benjamin Netanyahu.
Persons: Joe Biden, Kamala Harris, Donald Trump, Israel, John Kirby, Biden, ” Kirby, Kirby, António Guterres, Masoud, Volodymyr Zelenskyy, Mahmoud Abbas, Benjamin Netanyahu, Sabrina Singh, , Antony Blinken, , ” Biden, Trump Organizations: United Nations General Assembly, White, Hamas, National Security, U.N, United Nations, General Assembly, Palestinian, Defense Department, Foreign Ministry, Congressional Republicans Locations: Ukraine, Israel, Gaza, Iran, Lebanon, New York, Sudan, United States, U.S, Mexico, Ukrainian, Wilmington , Delaware, Australia, India, Japan, China, Afghanistan
On Monday, Israel dramatically expanded its aerial assaults on Lebanon with airstrikes that killed nearly 500 people and wounded more than 1,600. Israeli Prime Minister Benjamin Netanyahu’s government has warned of coming military strikes, but Israeli officials have not told U.S. officials whether or when a ground offensive could begin, the three defense officials said. The officials estimate a large offensive into southern Lebanon would take thousands more troops and armored vehicles, in addition to forces to hold any territory. In addition to tens of thousands of U.S. troops in the region, the Biden administration is considering options to send other military assets to the region. The conflict between Israel and Hezbollah could dash already dwindling hopes for a cease-fire deal and hostage exchange with Hamas.
Persons: Pat Ryder, , Mahmoud Zayyat, Biden, Israel ratcheted, Benjamin Netanyahu’s, Harry S, Truman, Abraham Lincoln, Joe Biden, Assembly’s, Netanyahu Organizations: Defense Department, Hezbollah, Hamas, Pentagon, Getty Images Biden, Israeli, U.S, United Nations, Assembly Locations: Israel, Lebanon, U.S, Lebanese, Zaita, AFP, Gaza, Norfolk , Virginia, Europe, New York
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. BEIJING — China's Ministry of Commerce said Tuesday it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions around its Xinjiang supply chain. China's Commerce Ministry on Tuesday did not state why it was probing PVH now, but said the U.S. retail group had 30 days to respond. U.S. defense companies that previously landed on the "unreliable entities" list are barred from China-related imports or exports. PVH did not immediately respond to a CNBC request for comment outside of U.S. business hours.
Persons: Calvin Klein, PVH Organizations: Bund, BEIJING — China's Ministry of Commerce, PVH Group, Huawei, U.S . Commerce, U.S, The U.S . Commerce Department, Monday, China's Commerce, CNBC Locations: Shanghai, China, BEIJING, Xinjiang, Russia, U.S
Stocks ranging from L3Harris to Burlington could benefit from either a Trump or Harris victory this fall, according to Barclays. The analyst highlighted several overweight-rated stocks the firm expects are best-positioned to benefit from either a Trump or Harris election victory. Defense contractor L3Harris Technologies is another Trump election play. The stock, which is up about 9.1% this year, could gain another 15.4%, according to Barclay's price target. Barclays' price target of $327 implies 20.6% potential upside.
Persons: Harris, Terence Malone, Malone, Donald Trump, Kamala Harris, Trump, Gary Gensler, Bitcoin, Bernstein, Centene, bode, homebuilder D.R, Horton Organizations: Trump, Barclays, Bitcoin, Securities, Exchange, Liberty, Wednesday, Defense, L3Harris Technologies, UnitedHealth, Biden, Democratic Party, Affordable, Burlington Locations: L3Harris, Burlington, Nashville, MicroStrategy, U.S, It's
He accused Aqil and the commanders of planning to raid and occupy communities in Galilee in northern Israel. A photo taken in southern Beirut shows the remains of an exploded pager on Tuesday. Friday’s airstrike was the third Israeli airstrike on Beirut since hostilities began last year, after Hamas’ October 7 attack on Israel. In January, an Israeli airstrike killed Saleh Al-Arouri, deputy head of Hamas’ military wing, who had been living in Beirut. In July, a second Israeli strike on Beirut killed Hezbollah’s most senior military official, Fu’ad Shukr.
Persons: Lebanon CNN —, Ibrahim Aqil, Daniel Hagari, Aqil, Hagari, Witnesses, Friday’s, Hassan Nasrallah, Yoav Gallant, Shin, Gallant, Nasrallah, Israel, Saleh Al, Arouri, Hezbollah’s, Fu’ad Shukr, Benjamin Netanyahu’s Organizations: Lebanon CNN, Radwan Force, Israel Defense Forces, CNN, West Bank, Getty, Israel, US State Department, REUTERS, Hamas, CNN’s Locations: Beirut, Lebanon, Galilee, Israel, United States, Gaza, AFP
The Typhon system, which can be equipped with cruise missiles capable of striking Chinese targets, was brought in for joint exercises earlier this year, both countries said at the time, but has remained there. China and Russia have condemned the first deployment of the system to the Indo-Pacific, accusing Washington of fueling an arms race. The deployment, some details of which have not been previously reported, comes as China and U.S. defense treaty ally the Philippines clash over parts of the hotly contested South China Sea. Philippine officials said Filipino and U.S. forces continued to train with the missile system, which is on the northern island of Luzon, facing the South China Sea and is close to the Taiwan Strait. A Philippine army spokesman, Colonel Louie Dema-ala, on Wednesday said training was ongoing and it was up to Philippine authorities and the United States Army Pacific to decide how long the missile system would stay.
Persons: Ezra Acayan, Lin Jian, Louie Dema, USARPAC, Ferdinand Marcos Jr Organizations: High Mobility Artillery, Getty, United States Army Pacific, Reuters, Philippine Locations: Philippines, Laur, Nueva Ecija, States, U.S, Asia, Taipei, China, Russia, Washington, Luzon, Taiwan Strait, Philippine
Jessica Gow | Afp | Getty ImagesRussia's ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to two European defense giants. Defense stocks have typically been excluded from portfolios based on environmental, social and governance (ESG) factors due to ethical concerns over their association with warfare. Nonetheless, the inclusion of defense stocks in sustainably-minded portfolios remains controversial. It's really important that we see the role that defense companies play in protecting a free society. It's really important that we see the role that defense companies play in protecting a free society," he said.
Persons: Micael Johansson, Jessica Gow, Johansson, CNBC's Silvia Amaro, It's, Brad Greve, BAE Systems Johansson, hasn't, Ida Kassa Johannesen, Johannesen, Justin Tallis, Saab's Johansson, ESG, John Keeble, Greve Organizations: Saab, Afp, Getty, BAE Systems, Ukraine —, Saxo Bank, CNBC, Democratic, U.S, Republican, Democrats, Malloy Aeronautics, British Aerospace BAE Systems, Farnborough, Exhibition, Conference Centre Locations: Stockholm, Ukraine, Africa, Democratic Republic, Congo, Palestine, London, Farnborough, England
Ukraine's President Volodymyr Zelenskyy and U.S. President Joe Biden speak on the sidelines of the NATO's 75th anniversary summit in Washington, U.S. July 11, 2024. U.S. President Joe Biden spoke to Ukrainian President Volodymyr Zelenskyy on Friday and announced a new military aid package ahead of Ukraine's Independence Day on Saturday, their offices said. In the call with Zelenskyy, Biden reaffirmed Washington's support, which the White House called "unwavering", for Ukraine in its war with Russia. The aid package includes air-defense missiles, counter-drone equipment, anti-armor missiles and ammunition, the White House said in its statement. Washington has provided Ukraine with more than $50 billion worth of military aid since 2022.
Persons: Volodymyr Zelenskyy, Joe Biden, Lloyd Austin, Rustem Umerov, Zelenskyy, Biden, Washington's Organizations: U.S . Defense, United, Russian Locations: Washington , U.S, Ukraine, Russia, Crimea, United States, Moscow, Washington, Russia's, Kursk, Kyiv
Disgraced former South Carolina lawyer Alex Murdaugh scored a big legal win last week after the South Carolina Supreme Court agreed to hear his appeal for a new murder trial. Murdaugh’s lawyer, however, is not worried and is focused on their appellant cases. Last week, the state Supreme Court agreed to hear Murdaugh’s state appeal for a new murder trial based on allegations that a court clerk tampered with the jury that convicted him. Former state Supreme Court Chief Justice Jean Toal’s decision came after an evidentiary hearing into whether Hill’s comments during the trial influenced the jury. “We are really looking forward to making our case to the Supreme Court,” Griffin said.
Persons: Alex Murdaugh, Murdaugh, Jim Griffin, “ Alex, , ” Griffin, Maggie, Paul, Aimee Zmroczek, Curtis Eddie Smith, Zmroczek, ” Zmroczek, Chrysti Shain, , Murdaugh’s, ” Shain, Eric Bland, doesn’t condon, ” Bland, Colleton, Becky Hill, Jean Toal’s, Toal, Hill Organizations: South, South Carolina Supreme, NBC, Murdaugh’s, NBC News, South Carolina Department of Corrections, Department of Corrections, Locations: South Carolina, Murdaugh’s “, Colleton County
But his track record of handling recent crises in Russia reveals a different side of his presidential persona: one of paralysis and indecision. Despite a claim of responsibility from ISIS-K, he continued to insist that Ukraine, and the West had played a role. Dmytro Kholod, commander of Ukraine’s “Nightingale” battalion, currently in Kursk, told CNN by phone on Wednesday that he has noticed a shift in the behavior of Russian troops. It is just a strategy for perpetuating war and allowing Russia to wait us all out,” said Ryan. “Now we see that when he’s really presented with a crisis, he’s not a cornered rat, he’s just like an imposter.
Persons: CNN —, Vladimir Putin, Putin, Evgeny Prigozhin, Wagner, ” Putin, Prigozhin, Yan Dobronosov, , Boris Bondarev, , Mick Ryan, Ramzan Kadyrov, don’t, Andrei Belousov, Dmytro Kholod, Ukraine’s “ Nightingale, ” Ryan, he’s, Volodymyr Zelensky, Efrem, Ryan, Bondarev Organizations: CNN, Crocus, Russia’s, ISIS, US, Kyiv, Getty, of Human Rights, , Kremlin, Naval, Black, Institute for, Russian MoD, Russia, AP, NATO, Putin Locations: Russia, Russian, Kursk, Ukraine, Crocus City, Moscow, Ukrainian, Sudzha, AFP, Beslan, Kharkiv, Crimea, Kursk Oblast,
We're approaching a new era of defense, one that will use AI-enabled military drones that can run without a human operator. According to BTIG, the DoD requested $5.3 billion in fiscal year 2025 for unmanned systems, most of which is directed at procurement programs. The firm forecasts the DoD's entire unmanned funding requests to grow at a 9.5% compound annual growth rate through fiscal year 2029. General Dynamics is another of Madrid's buy-rated stock in the unmanned systems arena. Strong demand of its defense products, including ammo and ground vehicles, also indicate earnings growth potential, the analyst added.
Persons: Andre Madrid, BTIG, spender, They've, Stocks, Northrop, Lockheed Martin, Morgan Stanley, Kristine Liwag, Liwag, Northrop Grumman, Madrid, Northrop's, It's, Atomics, You've, they've, Kratos, Morgan Stanley's Liwag Organizations: U.S . Department of Defense, DoD, Aircraft, Air, U.S . Navy, U.S . Air Force, Pentagon, CCA, Department of Defense, Dynamics, Kratos Defense, Security Solutions, Northrop Grumman, Lockheed, Air Force, Raider, Defense, Northrop, Boeing, FactSet, General Dynamics, U.S . Army Locations: Nagorno, Karabakh, Ukraine, Madrid, France
Nearly two weeks have passed and no large-scale response has materialized, leaving Israel and the wider Middle East on edge. But Mr. Haniyeh’s killing was seen as the greater blow to Tehran because it took place on Iranian soil. “Israel has checkmated Iran in this situation because Iran is left with no good options,” said Mr. Vaez. What could an Iranian response look like? U.S. and Israeli diplomats and security officials had some advanced knowledge of its scope and intensity of Iran’s attack in April, which facilitated defensive preparations.
Persons: Ismail Haniyeh, Masoud, Israel, Fuad Shukr, Haniyeh’s, Ayatollah Ali Khamenei, analystsexperts, Nasser Kanaan, Sanam Vakil, Pezeshkian, Vakil, Ms, Ali Vaez, Vaez, “ Israel, , Benjamin Netanyahu, , Keir Starmer, Nasser Kanani, Jordan, Mr, Haniyeh, Lloyd J, Austin III, Biden Organizations: Iran’s Foreign Ministry, Chatham House, Crisis, Diplomats, of Islamic Cooperation, United, Hamas Locations: Iran, Tehran, Israel, Masoud Pezeshkian, Beirut, Lebanon, Golan, East, London, Yemen, Western, Iranian, United States, Gaza, Britain, France, Germany, Italy, Saudi Arabia
This handout photo provided by the US Navy shows the aircraft carrier USS Abraham Lincoln, left, in 2019. The U.S. is sending more troops and military hardware to the Middle East as it seeks to increase the resources available to "defend Israel," the Pentagon said in a statement. It comes against the backdrop of Iran's leadership vowing retaliation against Israel after the killing of Hamas' former political chief Ismail Haniyeh in Tehran on July 31. Iran, which supports Hamas, says Israel carried out the assassination. Tehran has not yet responded militarily to the act, leaving its adversaries and the wider region on tenterhooks.
Persons: Abraham Lincoln, Lloyd Austin, Pat Ryder, Yoav Gallant, Ismail Haniyeh, Israel Organizations: US Navy, Pentagon, . Defense, Pentagon Press, Austin, Israel's Locations: U.S, United States, Israel, Tehran, Iran, tenterhooks
Nearly two weeks have passed and no large-scale response has materialized, leaving Israel and the wider Middle East on edge. Iran, which backs Hamas, blamed Israel for the assassination, but Israeli leaders have not said their forces were responsible. What could an Iranian response look like? U.S. and Israeli diplomats and security officials had some advanced knowledge of its scope and intensity of Iran’s attack in April, which facilitated defensive preparations. The foreign minister of Jordan, an ally of the United States, has traveled to Tehran in recent days for meetings.
Persons: Ismail Haniyeh, Masoud, Israel, Fuad Shukr, Haniyeh’s, Ayatollah Ali Khamenei, Nasser Kanaan, Sanam Vakil, Pezeshkian, Vakil, Ms, Ali Vaez, Vaez, “ Israel, , Benjamin Netanyahu, , Jordan, Mr, Haniyeh, Lloyd J, Austin III, Biden Organizations: Iran’s Foreign Ministry, Chatham House, Crisis, Diplomats, of Islamic Cooperation, United, Hamas Locations: Iran, Tehran, Israel, Masoud Pezeshkian, Beirut, Lebanon, Golan, East, London, Yemen, Iranian, United States, Gaza, Saudi Arabia
DETROIT — The case against a man accused of killing of a Detroit synagogue leader collapsed Friday as a judge dismissed a remaining murder charge, three weeks after a jury cleared him of a similar but separate charge. Prosecutors acknowledged that the pending murder charge probably had to be dismissed, but it still was a blow in the highly publicized case. But it couldn’t reach a unanimous verdict on a separate charge of felony murder, which in Michigan is murder committed during another crime. The judge ruled out a second trial Friday, based on a 2009 U.S. Supreme Court decision involving partial jury verdicts. Woll’s body was discovered outdoors, just east of downtown Detroit, hours after she had returned from a fall wedding.
Persons: Margaret Van Houten, Michael Jackson, Bolanos, Samantha Woll, Jackson, Van Houten, Prosecutors, Brian Brown, ” Jackson, Brown, Woll, Isaac, Elissa Slotkin, Dana Nessel, Gretchen Whitmer, Organizations: DETROIT, Jackson, Prosecutors, Supreme, Democratic, U.S . Rep Locations: Detroit, Israel, Michigan, U.S, Jackson
DETROIT AP —The case against a man accused of killing a Detroit synagogue leader collapsed Friday as a judge dismissed a remaining murder charge, three weeks after a jury cleared him of a similar but separate charge. Prosecutors acknowledged that the pending murder charge probably had to be dismissed, but it still was a blow in the highly publicized case. Samantha Woll served as board president of the Isaac Agree Downtown Synagogue. Woll’s body was discovered outdoors, just east of downtown Detroit, hours after she had returned from a fall wedding. Woll was president of the Isaac Agree Downtown Synagogue and also active in Democratic politics, working for US Rep. Elissa Slotkin and state Attorney General Dana Nessel.
Persons: Margaret Van Houten, Michael Jackson, Bolanos, Samantha Woll, Jackson, Van Houten, Prosecutors, Isaac, Houten, Brian Brown, ” Jackson, Brown, Woll, Elissa Slotkin, Dana Nessel, Gretchen Whitmer, Organizations: DETROIT AP, Jackson, Prosecutors, Democratic, US Rep Locations: Detroit, Israel, Michigan, Jackson, Downtown
A pair of Secret Service counter snipers, dubbed Hercules 1 and Hercules 2, surveilled the crowd from directly above and behind the stage. He radioed the local command post controlled by Butler County law enforcement and notified them of the kid with the rangefinder. “I can’t believe that the Secret Service hasn’t talked to any of our people,” he said prior to Friday’s reach out. In a different location, the Secret Service and state police set up another command post. New video reveals frustrationNicols, Woods, Young and other Beaver County officers weren’t the only ones to express concerns about the Secret Service planning.
Persons: Butler, Donald Trump’s, Greg Nicol, Trump, ” Nicol, Nicol, Thomas Matthew Crooks, , Pat Young, , – Nicol, Jason Woods, Butler County’s, , Woods, ” Woods, Crooks, Donald Trump, Brendan McDermid, AGR, Someone’s, Young, Puy, didn’t, Nate Bible, – Young, hasn’t, couldn’t, Anthony Guglielmi, ” “, ” Guglielmi Organizations: Pennsylvania CNN, CNN, Service, Beaver County SWAT, Secret Service, Glass Research, Secret, Trump, Authorities, Reuters, Pennsylvania State Police, Washington Post, FBI, Post, Army National Guard, CNN Secret Service, Attorney, ABC, Police Department, Butler, Police Locations: Pennsylvania, Butler , Pennsylvania, Pittsburgh, Butler, Butler County, , Beaver County, AGR, Beaver, Iraq, Beaver , Pennsylvania, Majlie, Puy Kamp, Washington, U.S
Alex Karp, CEO of Palantir Technologies, walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 10, 2024. Palantir shares closed up 11% on Thursday after the company announced a partnership with Microsoft to sell secure cloud, analytics and artificial intelligence capabilities to the U.S. defense and intelligence communities. Palantir reported earnings earlier in the week, raising its annual revenue forecast to between $2.74 billion and $2.75 billion, from $2.68 billion to $2.69 billion. Microsoft said the partnership would allow U.S. defense and intelligence organizations to build AI tools for action plans and logistics, among other things. Palantir, co-founded by billionaire Peter Thiel, will work with Microsoft to provide trial services and training sessions.
Persons: Alex Karp, Peter Thiel, Palantir Organizations: Palantir Technologies, Allen, Co . Media, Technology Conference, Microsoft, Foundry, Apollo, AIP, intel Locations: Sun Valley , Idaho, Gotham
Top NewsA rocket attack targeting U.S. personnel housed at a base in Iraq’s western desert injured several American troops late on Monday, according to U.S. defense officials. Initial reports were that at least five people were injured in Monday’s attack and that the wounded included both U.S. troops and contractors. Those Iraqi militants have typically attacked U.S. forces in Iraq and Syria and targeted Israel using longer-range rockets. The chief goal of Iran-backed groups in Iraq is to force the U.S. troops to leave the country entirely. There are about 2,500 American troops in Iraq, as well as 900 in Syria, where the Islamic State has once again become active.
Persons: Ismail Haniyeh, Fuad Shukr, Israel, Haniyeh’s, Biden, Kamala D, Harris, Asad, Organizations: Asad, Asad Air Base, U.S, Hamas, Mr, Iraqi, Iran’s Revolutionary Guards Corps, Revolutionary Guard, Al Asad, Al Asad Air Base, Pentagon, Islamic Locations: Ain, Asad Air, Iran, Gaza, U.S, Syria, Israel, Tehran, Beirut, Yemen, Iraq, Damascus, Al Asad Air, Islamic State, Jurf al, Baghdad
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