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On the anniversary of the October 7 Hamas attacks, Gaza’s north was hit with more Israeli strikes, with no end in sight to the war devastating the enclave. Israel’s objective of defeating Hamas still seems far from reach as its military offensives in Gaza continue to ramp up. Israel launched a new ground operation in northern Gaza on Sunday and encircled the Jabalya refugee camp, where it says it saw signs of Hamas regrouping. Earlier this year, Israel’s military said it had defeated Hamas in northern Gaza, only to announce new offensives there in May. The camp was targeted early on in Israel’s response to Hamas’ attacks one year ago and has been struck several times during the war.

Persons: ”, haven’t, ” Lena, Philippe Lazzarini Organizations: Hamas, United Nations, Residents, CNN, Mercy Corps, UN, UNRWA Locations: Gaza, Israel, Jabalya, Israeli

As with Gaza, US officials say Israel was initially planning for a much larger ground incursion into Lebanon before the US convinced it to scale back. ‘The right moment’ for diplomacyThe US still wants to see Lebanon ceasefire talks resume, officials said, and US officials continue to believe that the conflict can only be resolved diplomatically. Nasrallah and other members of Hezbollah’s senior leadership are now dead as a result of Israel’s operations in Lebanon. Earlier in the day, a reluctant Biden told reporters he’d be “comfortable with [Israel] stopping” the campaign in Lebanon that risked further inflaming the region. Behind closed doors, sources say, Biden offered reluctant support for eliminating Hezbollah infrastructure along Israel’s border and in southern Lebanon, as long as Israel’s operations remained limited in nature.

Persons: Israel upended, Benjamin Netanyahu’s, Biden, Israel, Matthew Miller, that’s, Joe Biden, ” Alon Pinkas, Yoav Gallant, Lloyd Austin, Gallant, Pinkas, ” Pinkas, Netanyahu, Hassan Nasrallah, ” Gallant, ‘, “ We’re, Karine Jean, Pierre, ”, Nasrallah, Austin, “, “ What’s, Antony Blinken, CQ Brown, National Intelligence Avril Haines –, he’d, hasn’t, ” Maj, Patrick Ryder, ” Israel, Ryder, Miller, CNN’s MJ Lee, Alex Marquardt Organizations: CNN, Biden, White House, Hamas, ”, ” Senior, US, Israeli, Israel, Iran, Joint Chiefs, National Intelligence, Pentagon, State Department Locations: Lebanon, Iran, Gaza, Israel, France, ”, Washington, Israeli, New York, Beirut, Lebanese, “, Austin, Beirut’s

Ilia Yefimovich/dpa/APThis week’s ground incursion into southern Lebanon is the latest chapter in a long history of Israel sending its troops into the territory of its northern neighbor. In response, Israel occupied most of the southern part of the country, despite Lebanon’s claims it had nothing to do with the bus attack. But it resulted in a years-long occupation of southern Lebanon and Israeli troops bogged down in a protracted and increasingly unpopular war. Israeli troops withdrew from West Beirut after that but continued to occupy southern Lebanon until 2000. 2006: In 2006, Hezbollah militants infiltrated Israel in a surprise attack, killing eight Israeli soldiers and kidnapping two more in an attempt to prompt a prisoner exchange.

Persons: Ilia Yefimovich, Israel, Sabra, Shatila Organizations: Palestinian Liberation Organization, PLO, United Nations Interim Force, Christian Lebanese, UN, Human Rights Watch, IDF Locations: Lebanon, Israel, UNIFIL, West Beirut

☆ PayPal CEO's first year was praised by Wall Street, but hard part starts now for struggling payments company
▼ + stars: | 2024-10-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Analysts across Wall Street saw rising competition and a declining take rate, or the percentage of revenue PayPal keeps from each transaction. Fast forward to today, and the picture is dramatically brighter for the 26-year-old Silicon Valley company and its 47-year-old CEO. Analysts are projecting roughly 6% revenue growth when PayPal reports third-quarter results in about a month, according to LSEG. Venture capitalist Oren Zeev has seen Chriss work with small businesses in another capacity. "He obviously brought a lot to the table with his vast experience with small businesses," Zeev said.

Persons: Alex Chriss, CNBC's David Faber, hadn't, Chriss, downgrades, Dan Dolev, Dolev, Susquehanna's James Friedman, he's, Friedman, Dan Schulman, Dana Stalder, He's, PayPal didn't, Isabel Cruz, Michelle Gill, Diego Scotti, Jamie Miller, Stalder, we've, Faber, Susquehanna's Friedman, That's, Will Ferrell, Ferrell, Fleetwood, hasn't, Sanjay Sakhrani, Sakhrani, SMBs, Oren Zeev, Zeev Organizations: PayPal Inc, PayPal, New York Stock Exchange, Mizuho Securities, CNBC, Apple Pay, Nasdaq, Meta, Matrix Partners, Intuit, Walmart, Verizon, Starbucks, Ticketmaster, Apple, Google, Shopify, Venture Locations: Wall, Braintree, EY, Venmo, U.S

Hezbollah leader Hassan Nasrallah gives a televised address, Lebanon, September 19, 2024, in this screenshot taken from a video. “I don’t see how this doesn’t go much wider soon,” said one senior Western official. Hezbollah will almost certainly respond, according to Jonathan Panikoff, a former senior intelligence official specializing in the region, and Iran is likely to play a role. A senior US official said the US believes Iran will intervene in the conflict if they judge that they are about to “lose” Hezbollah. US officials have long assessed that senior Hezbollah leadership has wanted to avoid all-out war with Israel, even as fighting has intensified in recent months.

Persons: Hassan Nasrallah, Joe Biden’s, “, ”, Jonathan Panikoff, ” Panikoff, Nasrallah, Mick Mulroy Organizations: Reuters, Western, US, Hezbollah, Israel, Middle, Defense Department Locations: Lebanon, Beirut, Iran, Tehran, Israel

☆ China’s newest nuclear-powered submarine sank earlier this year, US official says
▼ + stars: | 2024-09-26 | by ( Oren Liebermann | Paul P. Murphy | ) edition.cnn.com time to read: +3 min

CNN —China’s newest nuclear-powered submarine sank pierside in the spring and the Chinese Navy tried to conceal the loss, according to two US defense officials. The attack submarine was the first of its new Zhou-class line of vessels, the official said, under construction at a shipyard near the city of Wuhan. “It’s not surprising that the PLA Navy would try to conceal the fact that their new first-in-class nuclear-powered attack submarine sank pierside,” said the senior US defense official. According to the latest China military power report from 2023, the PLA Navy operates six nuclear-powered ballistic missile submarines, six nuclear-powered attack submarines, and 48 diesel-powered attack submarines. The PLA Navy has 370 platforms, which includes 234 warships, according to CRS, while the US has 219 warships.

Persons: The Zhou, Zhou, It’s, ”, Tom Shugart, “ I’ve, ” Shugart, Shugart Organizations: CNN, Chinese Navy, Maxar Technologies, PLA Navy, Center, New, New American Security, People’s Liberation Army, PLA ) Navy, US Navy, Street Journal, Congressional Research Service, Navy, CRS Locations: Wuhan, The, New American, Beijing, United States, China, Washington ,

☆ US announces $375 million aid package for Ukraine as Biden administration pledges ‘unwavering support’
▼ + stars: | 2024-09-25 | by ( Oren Liebermann | ) edition.cnn.com time to read: +2 min

CNN —The US announced a $375 million aid package for Ukraine on Wednesday as the Biden administration pledged “unwavering support” to the war-torn country. The plan includes Kyiv’s long-stated request to use US-manufactured long-range missiles to strike deep inside Russia, an ask that the Biden administration has repeatedly denied. which the Biden administration has repeatedly denied. The Biden administration has nearly $6 billion left in unused presidential drawdown authority that is set to expire at the end of the month. A shortage in excess stockpiles of weapons the US was willing to send Ukraine forced the Biden administration to announce smaller military aid packages of approximately $200 million over the last several months.

Persons: Biden, ”, Joe Biden, Volodymyr Zelensky, Zelensky, Kamala Harris, ” Biden Organizations: CNN, US, Ukraine, United Nations General Assembly, White, UN, Wednesday Locations: Ukraine, Washington, Russia

Israel’s aerial bombardment killed nearly 500 people, including at least 35 children and 58 women, according to Lebanese authorities. That’s nearly half the number killed throughout the entire 34-day war between Israel and Hezbollah in 2006. Lebanese civilians know all too well how frightening the Israeli military’s attempts to target Hezbollah can be. On Friday, Israeli jets carried out an airstrike in Beirut’s southern suburbs, in which they killed several senior Hezbollah commanders. But the missiles also destroyed a nine-story building in a densely populated neighborhood, killing 45 people, including women and children.

Persons: Bilal Hussein, That’s Organizations: AP Locations: Beirut's, AP Lebanon, Israel, The Iran, Beirut’s, Lebanon

“We are the closest we’ve been to spiraling to a regional war” since Hamas’ October 7 attack, one of the officials said. The US assesses that neither Israel nor Hezbollah are interested in a full-scale war, officials said. On Monday, Nasser Kanaani, a spokesman for Iran’s foreign ministry, warned of “dangerous consequences” following Israel’s strikes. Israel has told the US that a full-scale war is not the intent of its strikes, according to an Israeli official. The goal is a diplomatic solution through escalation, the Israeli official said.

Persons: “, Israel, Nasser Kanaani, “ They’ve, Joe Biden’s, ” “, Daniel Hagari, Hagari, ” Hagari, Hassan Nasrallah, Ismail Haniyeh, Masoud Pezeshkian, “ Ismail Haniyeh, ” Pezeshkian, “ Israel Organizations: CNN, Ramat David, State Department, UN, Assembly, Pentagon, General Assembly, Hamas, Israel Defense Forces, Hezbollah Locations: Israel, Lebanon, East, Beirut, Ramat, Haifa, Iran, Tehran, New York, “, Gaza

☆ US Navy replenishment ship sustains damage while operating in Middle East, official says
▼ + stars: | 2024-09-24 | by ( Oren Liebermann | ) edition.cnn.com time to read: +1 min

CNN —A US Navy replenishment ship sustained damage while operating in the Middle East in an incident that remains under investigation, according to a Navy official. The USNS Big Horn was damaged after the ship refueled and replenished Navy vessels operating in the region, including the USS Abraham Lincoln aircraft carrier and several guided-missile destroyers. The Navy official would not say where the incident occurred or what type of damage the replenishment oiler sustained. The USS Abraham Lincoln carrier strike group has been operating in and around the Gulf of Oman in an effort to send a message of deterrence to Iran. All crew members on board the ship are safe, and US 5th Fleet, which controls Navy operations in the Middle East, is assessing the situation, the official added.

Persons: Big Horn, Abraham Lincoln, ” Organizations: CNN, Navy, Big, Fleet Locations: Gulf of Oman, Iran

☆ Insider Today: Nike's airball
▼ + stars: | 2024-09-22 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. I'll be here on the weekend to break down some of the biggest stories in business and help you get ahead. The Oregon-based company last week announced Elliott Hill would return to the company as CEO, replacing John Donahue. AdvertisementAn internal "Frequently Asked Questions" document, obtained by Business Insider, outlined how the RTO plan will work.

Persons: —, Matt Turner, Donald Trump, There's, It's, it's, Elliott Hill, John Donahue, Dre Waltizer, Jeff Chiu, Alyssa Powell, Larry, Wayne Osborne, Osborne, Wayne, Andy Jassy, David X Prutting, Paul Porter, Rebecca Zisser, Alexander brothers, Oren, Alon, Tal Alexander, iStock, — Mark Zuckerberg, Taylor Swift Organizations: Service, Fed, Nike, Business, Investors, Google Locations: China, The Oregon

☆ US soldier who fled to North Korea sentenced to one year in confinement and dishonorable discharge
▼ + stars: | 2024-09-20 | by ( Oren Liebermann | ) edition.cnn.com time to read: +3 min

CNN —The US soldier who ran across the border from South to North Korea last year was sentenced Friday to one year in confinement and dishonorable discharge after pleading guilty to charges of desertion and assault. The time King spent in confinement after his apprehension will count toward his sentence, the Army said. Military officials previously said that in July 2023 King “willfully and without authorization” crossed into North Korea shortly after he was released from a detention facility in South Korea. One day later, King joined a tour of the Joint Security Area in the demilitarized zone between North and South Korea from which he fled across the demarcation line and into Pyongyang’s custody. Several months later, the US received word that North Korea wanted to return King.

Persons: Travis King, King, “, Travis, ”, Franklin Rosenblatt, ” Rosenblatt, Michelle McCaskill, King “ Organizations: CNN, US Army Office, Army, Military, Army’s, Joint Security Area, DPRK, US Army Locations: South, North Korea, Fort Bliss , Texas, South Korea, Seoul, United States, North, Korea, Swedish, China

CNN —The US is expected to announce a major weapons package to Ukraine as soon as next week, but it will likely delay the shipping of the equipment due to inventory shortages, according to two US officials. The US currently has $5.9 billion left in Presidential Drawdown Authority for Ukraine, the Pentagon said this week, which is set to expire at the end of the fiscal year in less than two weeks. Presidential drawdown packages were initially intended as a way of supplying Ukraine with arms and equipment in the short-term since the start of the war with Russia. More sophisticated equipment with long production times was sent through another mechanism – the Ukraine Security Assistance Initiative – that purchased weapons directly from arms manufacturers for future delivery. The US believes Ukraine will need at least $500 million worth of presidential drawdown authority per month through fiscal year 2025, according to a senior administration official.

Persons: Sabrina Singh, Biden Organizations: CNN, US, Pentagon, Defense Department, Ukraine Security, Initiative Locations: Ukraine, Kyiv, Russia, Europe

A photo taken on September 18, 2024, in Beirut's southern suburbs shows the remains of exploded pagers on display at an undisclosed location. “The design and manufacturing of the products are solely the responsibility of BAC,” Gold Apollo said. The allegations raise further questions as to who manufactured the devices and just how they made their way into Hezbollah’s pockets. Hungarian authorities denied Gold Apollo’s suggestion, saying that the Budapest-registered company “is a trading intermediary” with no manufacturing sites in the country. CNN has attempted to reach BAC at the address listed for its office, located in a residential area of Budapest.

Persons: Hsu Ching, kuang, Hsu, Gold, International Communication Zoltan Kovacs, Kovacs, ” Organizations: Getty, Consulting, ”, International Communication, CNN Locations: Beirut's, AFP, Lebanon, Budapest, Hungarian, Hungary, ” Hungary’s

Most of the injuries were to the face, abdomen, hands, and eyes, he said, according to NNA. Footage from inside one of the hospitals showed chaotic scenes with staff attending to dozens of men bandaged and bleeding. Abiad visited several hospitals in the capital, Beirut, on Tuesday evening and then again on Wednesday morning, NNA reported. The American University of Beirut Medical Center said it had received more than 190 patients and was operating at full capacity. AUBMC added that its paging system had been upgraded in April 2024 and began operating on August 29, 2024.

Persons: Firass Abiad, Abiad, NNA, ” AUBMC, Pagers, AUBMC Organizations: Public, NNA, Healthy Ministry, American University of, American University of Beirut Medical Center Locations: Lebanon, Beirut, American University of Beirut

☆ Israel notified US ahead of Tuesday’s Lebanon operation but gave no details of what was planned, sources say
▼ + stars: | 2024-09-18 | by ( Oren Liebermann | Kylie Atwood | ) edition.cnn.com time to read: +3 min

The fact no details about the operation were given meant US officials were in the dark until reports of hundreds of exploding pagers emerged a short time later, the sources said. Iran’s ambassador to Lebanon was injured by the exploding pagers, according to Iranian state media. The notification from Israel was far more generic and vague, leaving US officials with questions about what the operation could be, the sources said. Since Hamas’ October 7 attack, Israel has regularly carried out strikes in Lebanon in response to the launch of Hezbollah drones and missiles. The breadth of Israeli operations in Lebanon over the past 11 months added to the questions about what Israel could be planning.

Persons: Lloyd Austin, Yoav Gallant, Israel, It’s, Antony Blinken, Blinken, Gallant, Austin, Karine Jean, Pierre, “, …, ” Jean, Jennifer Hansler Organizations: CNN, Israeli, US, White Locations: Lebanon, Washington, Cairo, Israel, Iran, Gaza, Tehran

☆ How real estate's Alexander brothers got away with decades of alleged sexual assault: 'They are a menace.'
▼ + stars: | 2024-09-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +34 min

Even as teenagers, the three Alexander brothers were notorious for being predatory, according to multiple people who knew them at the time. AdvertisementHofeldt said she'd seen the Alexander brothers around at parties before she met them during the 2003-2004 school year. Several months after the assault, Hofeldt invited the brothers' friend Julian Cohen to her house in the middle of the night. Oren Alexander and Howard Lorber at a party at Sir Ivan's Castle in the Hamptons in July 2011. The Alexander brothers have been accused by multiple people of assaulting women in tandem on numerous occasions.

Persons: she'd, Oren, Alon Alexander, Alon, —, Aaron Davidson, Alexander, Tal, Douglas Elliman, Kate Whiteman, Rebecca Mandel, Whiteman, Mandel, Angelica Parker, Renée Willett, Evan Torgan, Hunter Abrams, James, Shlomy, Orly, Michael M, Abby Hofeldt, choo, Rae Rae, Hofeldt, clotheslined, Gavin, they'd, Hofeldt's, Margo Hofeldt, Abby, Julian Cohen, Felix Cohen, Shlomy Alexander, Elliman, Douglas, Howard Lorber, Lorber, Oren Alexander, Steven Henry, Sir Ivan, Howard, Howard's, Oren's, James Ferraro, Ferraro, Ken Griffin, Bart's, Dina Goldentayer, Sean Zanni, Patrick McMullan, Barbara Fox, Beckford, Fox, Douglas Elliman's Erik Schneider, Jeff Miller, Brown Harris Stevens, Ken Griffin's, Griffin, Tal didn't, Douglas Elliman's, Gary Hershorn, Tal masturbated, texted Oren, Oren didn't, hadn't, Justin Ross Lee, he'd, Scott Roth, Lee, Matthew Peyton, Beth, Alon messaged Beth, Instagram, Beth messaged Alon, Beth Beth's, Floyd Mayweather Jr, Conor McGregor, Michael Stern, Stern, Mayweather, McGregor, Marc Patrick, what's, Sara Militello, Nicole Oge, Deanna Paul, Daniel Geiger Organizations: East Hampton, Business, Getty, Deal, FBI, Street Journal, Kent Security, Krop, High School, North Miami Beach, Miami Country Day, Miami Country Day School, Bacardi, University of Colorado, University of Maryland, Hofstra University, Sir, Hamptons, Manhattan, Forbes, Miami Beach, Douglas Elliman's, Real, New York Fashion, Art Basel, Vogue, Bath Club Estates, New York, Fox Residential, Board, New, Faena, Street, BI, Miami Herald, Tal, Peaceman Productions, UFC, Las Vegas, JDS, Brooklyn Tower, Stern of JDS, New York Post Locations: Long, Florida, Soho, Las Vegas, New York City, New York, Miami, South Florida, Orly Alexander, Israel, North Miami, Krop, Aventura, Hofeldt, Boulder, Sir Ivan's, Manhattan, Dominican Republic, Malibu, St, Brazilian, Elliman, Bath, New, Corcoran, Southampton, Water, East Hampton, Instagram, Teterboro , New Jersey, Las, Vegas, Teterboro, Brooklyn, what's

☆ US military aid packages to Ukraine shrink amid concerns over Pentagon stockpiles
▼ + stars: | 2024-09-17 | by ( Natasha Bertrand | Oren Liebermann | ) edition.cnn.com time to read: +4 min

CNN —US military aid packages for Ukraine have been smaller in recent months, as the stockpiles of weapons and equipment that the Pentagon is willing to send Kyiv from its own inventory have dwindled. The shift comes amid concerns about US military readiness being impacted as US arms manufacturers play catchup to the huge demand created by the war against Russia. In April, Congress gave the Biden administration an additional $13.4 billion to use specifically to send Ukraine weapons and equipment drawn from US stockpiles. There are also limits, the official added, to how quickly Ukraine can absorb the equipment and distribute it effectively. Austin acknowledged at the meeting that the US is working to ramp up production and “speed up deliveries” to Ukraine.

Persons: Biden, “, Pat Ryder, It’s, won’t, Volodymyr Zelensky, Zelensky, Defense Department hasn’t, Defense Lloyd Austin, Austin, ” Austin, ” Organizations: CNN, Pentagon, Russia, Russia’s, Patriot, National Security Council, Ukraine Defense Contact Group, Defense Department, Congress, ”, Defense Locations: Ukraine, Germany, Kyiv

The Iran-backed militant group said the wireless devices began to explode around 3:30 p.m. local time in a targeted Israeli attack on Hezbollah operatives. Experts say the explosions, unprecedented in their scale and nature, underscore Hezbollah’s vulnerability as its communication network was compromised to deadly effect. CNN could not geolocate the image, but has verified it was published Tuesday, the same day as the explosions. Hostilities are at an all-time high between Israel and Hezbollah following Hamas’ October 7 attack on Israel. US Secretary of Defense Lloyd Austin spoke twice with his Israeli counterpart, Israeli Defense Minister Yoav Gallant, according to two US defense officials.

Persons: Israel, ”, Hassan Nasrallah, “, Avi Melamed, ” Melamed, David Kennedy, I’ve, John Miller, Amos Yadlin, Nasrallah, Yahya, ” Yadlin, Kim Ghattas, Ahmad Kaddoura, Miller, Ismail Haniyeh, Mohamed Azakir, ’, Defense Lloyd Austin, Yoav Gallant Organizations: CNN, Hamas, Middle, GPS, New York Times, Times, US National Security Agency, Intelligence, Getty, American University of, American University of Beirut Medical Center, Reuters, Global, Defense, Israeli Locations: Lebanon, Iran, Gaza, East, Israel, Lebanese, Israeli, Sidon, Anadolu, United States, Iranian, Tehran, American University of Beirut

☆ Iran's ballistic missiles have questionable accuracy, but Russia may not care
▼ + stars: | 2024-09-14 | by ( Paul Iddon | ) www.businessinsider.com time to read: +5 min

Iran recently transferred Fath-360 close-range ballistic missiles to Russia, weapons that can blast fortified positions or cities near the frontlines and which could strain Ukraine's air defenses. An Israeli soldier examines part of an Iranian ballistic missile fired at Israel during Iran's direct attack in April. Russia already acquired KN-23 ballistic missiles from North Korea. Consequently, while these close-range ballistic missiles could contribute to some Russian tactical victories, they are certainly no game-changers. Advertisement"It seems dubious that several hundred of these munitions could have a significant impact on the war," Orr said.

Persons: —, Fath, Nicholas Heras, Matthew Orr, RANE, OREN ZIV, RANE's Orr, Orr, Heras Organizations: Service, Business, New Lines Institute, Associated Press, Israel, Getty, Ukraine, Ukrainian Locations: Iran, Tehran, Fath, Russia, Ukraine, Israel, Israeli, Eurasia, Iranian, North Korea, Ukrainian, Russian

☆ Russia will be ‘at war’ with NATO if Ukraine long-range missile restrictions lifted, Putin warns
▼ + stars: | 2024-09-12 | by ( Avery Schmitz | Michael Conte | ) edition.cnn.com time to read: +5 min

“This will mean that NATO countries – the United States and European countries – are at war with Russia,” Putin told reporters on Thursday. US officials have expressed concerns that allowing Ukraine to strike deep inside Russia could escalate the conflict and cause Russia to further accuse the US of being part of the war. Blinken said he discussed the restrictions with Ukrainian President Volodymyr Zelensky and would report back to President Biden. On Tuesday, the bipartisan congressional Ukraine caucus called on Biden to allow Ukraine to strike targets inside Russia with the long-range weapons. The United States already does provide intelligence to Ukraine, and has previously assisted in the targeting, although not with the long-range systems currently being considered.

Persons: Vladimir Putin, ” Putin, Joe Biden’s, Antony Blinken, we’ll, ” Blinken, Andrii Sybiha, David Lammy, Blinken, Volodymyr Zelensky, Biden, Putin, Stacie Pettyjohn, CNN’s Alex Marquardt, Rustem Umerov, William Courtney, ”, Michael Callahan, Natasha Bertrand, Oren Liebermann, Lex Harvey Organizations: CNN, NATO, Kyiv, Ukrainian, Britain’s, Biden, Republicans, West, United, Center, New American Security, Belbek Airbase, Tactical Missile, Ukrainian Defense, RAND Corporation Locations: Ukraine, Moscow, United States, Russia, Kyiv, Blinken’s Ukraine, Russian, Belbek, Crimea, Ukrainian, Iran, US

☆ Airbnb's ongoing battle with hotels for travelers has taken a noticeable turn
▼ + stars: | 2024-08-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, Airbnb said its struggles are tied to consumers spending less, but it's also because they're opting for hotels instead . The big storyPlenty of vacancyiStock; Rebecca Zisser/BIAirbnb took a noticeable step back in its ongoing battle with hotels. But Airbnb's struggles are also a product of travelers opting for hotels instead , writes Business Insider's Dan Latu. The death of the so-called millennial lifestyle subsidy — for which Airbnb was a key player — resulted in consumers rethinking things.

Persons: —, Airbnb, it's, let's, Rebecca Zisser, Execs, Airbnb's, Dan Latu, haven't, Jenny Chang, Rodriguez, Bloomberg it's, BI Bank of America isn't, Nicolás Ortega, Nate Silver, Chelsea Jia Feng, Alexander, Tal, Oren Alexander, Musk, Trump, Elon Musk's, Donald Trump, Ron DeSantis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Service, Apple, Business, Bloomberg, Getty, BI Bank of America, Viking, Israel, BI, Apple Intelligence, Trump, X, Florida Gov, Google Locations: Iran, New York, London

☆ First came the accusations of rape. Now 3 owners of the Alexander brothers' beleaguered brokerage firm are jumping ship.
▼ + stars: | 2024-08-12 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

At the center were cofounders Tal and Oren Alexander, sibling dealmakers who were known for selling some of the country's most exclusive and expensive homes. But accusations of rape against the brothers in recent months have resulted in an existential crisis for the company. An attorney for Tal Alexander has sought to dismiss the case against him. In the immediate aftermath of the accusations, the brothers announced they would take a leave from Official. Official has used the brokerage services company Side to provide it with back office support and to hold its brokers' licenses.

Persons: —, cofounders Tal, Oren Alexander, dealmakers, Nicole Oge, Richard Jordan, Andrew Wachtfogel, Alexander, Tal, Oren, Oge, Richard, Andrew, Alon Alexander, Alon, Tal Alexander, James Cinque, Nicole, Tyrone McKillen Organizations: Service, Partners, Business, The New York Times, Gabbana Locations: Oge, The, The Raleigh, Miami Beach, Los Angeles

☆ USS Georgia: Lloyd Austin orders submarine to Middle East, accelerates arrival of strike group ahead of anticipated Iran attack
▼ + stars: | 2024-08-11 | by ( Oren Liebermann | ) edition.cnn.com time to read: +2 min

Austin ordered the submarine into the waters of the Middle East, the Pentagon said. The Israel Defense Forces reported Sunday evening that around 30 rockets were launched from Lebanon, though some fell into open areas and no injuries were reported. Austin also ordered the USS Abraham Lincoln carrier strike group to accelerate its transit to the Middle East, the Pentagon said. The Lincoln strike group consists of the carrier, which operates with stealth F-35C fighter jets, as well as several destroyers. The USS Theodore Roosevelt carrier strike group has been operating in the waters of the Middle East for several weeks, giving the US a formidable presence in the region.

Persons: Lloyd Austin, Austin, Yoav Gallant, Abraham Lincoln, Theodore Roosevelt Organizations: CNN, US, Pentagon, USS, Navy, Israel Defense Forces, Lincoln, USS Wasp Locations: Israel, USS Georgia, Italy, Iran, Lebanon, Tehran, Gaza, Lebanese, Guam, Northern Mariana Islands

☆ An inside look at America’s aging ballistic missile arsenal
▼ + stars: | 2024-08-09 | by ( Oren Liebermann | ) edition.cnn.com time to read: +6 min

Underneath the blast door stands one of the most powerful weapons in the US inventory, a Minuteman III intercontinental ballistic missile. But unlike the other two parts of the triad – strategic bombers and ballistic missile submarines – the ICBM launch facilities are fixed positions. Last year, the commander of US Strategic Command told Congress that China has more land-based ballistic missile launchers than the US. Russia has been carrying out military exercises involving its tactical nuclear weapons, as President Vladimir Putin has repeatedly threatened to use nuclear weapons since invading Ukraine. That complexity, Schlabach argued, drives the need for modernizing the ballistic missile fleet.

Persons: ”, James Schlabach, Evelyn McCoy, Joseph Cambio, Nunn, McCurdy, William LaPlante, Vladimir Putin, Kim Jong Un, Antony Blinken, Schlabach, ” Schlabach Organizations: North Dakota CNN, Minuteman III, Minot Air Force Base, Minuteman, Air Force, 91st Missile, CNN, ”, Cuban Missile Crisis, The Air Force, Sentinel missile, Defense, Sentinel, Strategic Command, Congress, Soviet Union Locations: Minot, North Dakota, Dakota, it’s, Russia, China, Ukraine, Pyongyang

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