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☆ Ukraine exposed Russia's sluggish military command with its Kursk invasion, analysts say
▼ + stars: | 2024-08-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Read previewRussian military commanders are facing criticism over their botched response to Ukraine's audacious incursion into Russia's Kursk region. In a Telegram post on Friday, Russian military expert Vladislav Shurygin said that Ukraine had exposed serious problems with Russia's command. The Russian military has made slow but incremental progress in its campaign in the Donetsk region of east Ukraine recently, tempering criticism. Ukraine's Kursk incursion, though, has renewed questions about the effectiveness of Russia's military command, which, according to a March Congressional report, is often excessively rigid and slow to react to developments. AdvertisementThe Russian military is still attempting to drive back the Ukrainian invasion, with reports of fighting in the towns of Tolpino and Obshchy Kolodez.

Persons: —, Vladimir Putin, Vladislav Shurygin, Sergei Markov, Markov, Putin, Rainer Saks, Ukraine's Organizations: Service, Business, Kremlin, CNN, Washington Post Locations: Russia's Kursk, Ukraine, Kursk, Russian, Russia, US, Estonian, Donetsk, Ukraine's Kursk, Tolpino

Condo owners unable to pay an assessment can be foreclosed on by their condo association. After that, she plans to move back into her Florida condo, but in the meantime, she’s been living with her adult son. But that’s what happens when prior boards don’t do their job.”But the decision ended up pitting the building’s owners against each other, with some owners saying the work was unnecessary. “These guys ruined my early retirement plan.”Lopez, who helped craft the legislation, said she is looking for ways to provide relief to condo owners once Florida’s Legislature reconvenes next year. Stone would like to see the state Legislature give buildings and condo owners more time to comply with the regulations so they would be able to spread out the costs.

Persons: Janet Stone, she’s, ’ ”, Stone, We’ve, ”, Vicki Lopez, “, —, Greg Batista, he’s, reapplied, ” Stone, Krista Goodrich, they’ve, Batista, Joseph Hernandez, Edgardo Defortuna, ” Defortuna, Jeremy Maurice, Maurice, ” Maurice, Steve Davis, Cristian Murray, ” Murray, ” Lopez, reconvenes, “ I’m, I’m Organizations: Florida House, NBC, Yacht, Surfside, Condo, realtors, Statewide, Dade, University of Miami Locations: Florida’s, Las Vegas, Ormond Beach , Florida, Florida, Champlain, Miami, ”, Daytona Beach, Orlando, Miami Beach, Hollywood , Florida, Ormond Beach, Redfin, Volusia County, South, Dade County

☆ Zelenskyy confirms Ukrainian troops are fighting in Russia
▼ + stars: | 2024-08-11 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +4 min

The unprecedented assault began on Tuesday, when up to 1,000 troops entered the Kursk region, according to Russian reports. In Ukraine, the country continues to battle Russia on domestic fronts, including a deadly air attack early Sunday on Kyiv. Belarus, a staunch ally of Russia, has also sent more troops to its border with Ukraine and said Saturday that Ukrainian drones had violated its airspace. Top Russian general Valery Gerasimov boasted last week that Ukrainian troops had been stopped, but Russia is yet to report pushing Kyiv’s forces back across the border. APBut advances into Russia come at a time when Ukrainian forces continue to struggle on several longstanding conflict zones inside its own borders.

Persons: Volodymyr Zelenksyy, Igor Kutsak, HANDOUT, Zelenskyy, Vladimir Putin, Valery Gerasimov, Aleksei Smirnov, Vitaliy Klitschko, ”, Andriy Yermak Organizations: Kremlin, Moscow, Kyiv, Getty, Federal, Terrorism, Ukrainian, Air Locations: Russia’s, Kursk, Ukraine, Russia, AFP, Russian, Belarus, Kyiv, Korean, Pyongyang, Moscow

☆ Navy SEALs dropped in on a nuclear-powered submarine in the Pacific, drilling for a higher-end fight
▼ + stars: | 2024-08-11 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

AdvertisementWest Coast-based Naval Special Warfare (NSW) operators assemble a combatant rubber raiding craft near the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). West Coast-based Naval Special Warfare (NSW) operators conduct military dive operations and prepare to board the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). AdvertisementA West Coast-based Naval Special Warfare (NSW) operator climbs aboard the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). West Coast-based Naval Special Warfare (NSW) operators maneuver a combatant rubber raiding craft and board the Los Angeles-class fast-attack submarine USS Greeneville (SSN 772). In January, Navy Special Warfare Operator 2nd Class Nathan Gage Ingram showed how seriously SEALs take this when he jumped into the dark waters of the Arabian Sea after his teammate, Navy Special Warfare Operator 1st Class Christopher J.

Persons: —, Alex Perlman, Kenneth Douglas, Alex, Blake L, Chaney, We've, GWOT, that's, Alex Smedegard Frogmen, Nathan Gage Ingram, Christopher J, Chambers, frogmen Organizations: Service, Warfare, Navy, Craft, Business, West Coast, Los, Submarine Squadron, Special Warfare, Big Navy, Army Green Berets, Marine Raiders, Recon Marines Locations: China, Russia, Beijing, Moscow, Los Angeles, Greeneville, West Coast, NSW, Angeles, Virginia, Coast, Makin

CNN —Ukrainian President Volodymyr Zelensky has confirmed Kyiv’s troops are fighting inside Russia, days into the surprise Ukrainian cross-border incursion into Russia’s Kursk region that has become a major embarrassment for the Kremlin. Now into its sixth day, the attack on Kursk is a significant development in the more than two-year old conflict. The surprise factor appear to have worked: as of Sunday, Russian troops seemed to struggle to stop the Ukrainian advances and push Kyiv troops back. The governor of Kursk region has urged authorities there to speed up evacuations on Sunday. Early on Sunday, Moscow launched drone and missile attacks against Kyiv region, according to local officials.

Persons: Volodymyr Zelensky, ” Zelensky, “, Zelensky, Vladimir Putin, ”, Mykola Oleshchuk, Gigova, Olga Voytovich Organizations: CNN, Kremlin, Kyiv, Ukrainian Air Force, UN, Rights Locations: Russia, Ukrainian, Russia’s Kursk, Ukraine, Moscow, Kursk, Belgorod, US, Kyiv, Brovary, Kostiantynivka, Donetsk, Russian, Iran

☆ A 26-year-old property owner shares his non-traditional approach to breaking into a red-hot housing market — even in one of the most expensive cities in the US
▼ + stars: | 2024-08-11 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

His monthly mortgage, property taxes, and HOA fees came out to roughly $3,300 a month, documents viewed by Business Insider show. Advertisement"I knew going in that those TICs or those co-ops were definitely cheaper than an equivalent condo in San Francisco," Kaushik said. At the time, the 30-year average fixed rate was 3.22%, significantly lower than the current 30-year average fixed rate of 6.86%. Kaushik's fixed rate period is seven years, which means that after 2029, the rate could change based on market conditions. However, the fixed rate period allows homeowners to pay a lower mortgage rate than if they had a traditional mortgage.

Persons: —, Gen, pesky, Anirudh Kaushik, Kaushik, Kaushik's, he's, He's Organizations: Service, Business, Fed, San Locations: San Francisco, Bay, Francisco, HOA, New York, California

☆ Convict in Kremlin critic murder released from jail to fight in Ukraine — agencies
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

A man convicted in the killing of Russian opposition politician Boris Nemtsov has been discharged from jail after signing a contract to join the military operation in Ukraine, state-run news agencies TASS and RIA Novosti reported on Saturday. In 2017, a Russian court sentenced five men to prison terms ranging from 11 and 20 years for his murder. Among them was Tamerlan Eskerkhanov, who was convicted as an accomplice and jailed for 14 years. “Eskerkhanov signed a contract with the defense ministry in March 2024, was pardoned, and then released from his penal colony,” TASS cited a source in law enforcement agencies as saying. Russia’s defense ministry has since adopted the tactic, forming its Storm-Z units partly out of convict volunteers recruited directly from prisons.

Persons: Boris Nemtsov, Vladimir Putin, Boris Yeltsin, Tamerlan Eskerkhanov, “ Eskerkhanov, “, Ilya Yashin, ”, Wagner, Yevgeny Prigozhin Organizations: RIA Novosti Locations: Ukraine, Kremlin, Russia, Belarus, United States, Russian

☆ Russia reinforces Kursk region, videos show Ukrainian presence, evidence of attack
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

Russia moved extra tanks, artillery and rocket systems to its southern Kursk region and imposed anti-terrorism measures in border areas as it battled a shock incursion by Ukraine’s military. Ukrainian forces, meanwhile, posted a video purporting to show them in control of a town near the border, the first pictorial evidence of their cross-border advances. The acting governor of Kursk region, Alexei Smirnov, said drone debris had fallen on a power substation near Kurchatov, site of one of Russia’s largest nuclear power stations with four reactors. Russian President Vladimir Putin discussing the situation in the Kursk region on Friday. Kursk Region Governov Alexei Smirnov via AFP - Getty ImagesHe praised his army’s ability “to surprise”.

Persons: Alexei Smirnov, Anatoliy Zhdanov, Vladimir Putin, Aleksey Babushkin, Alexander Bortnikov, Staff Valery Gerasimov, “, Ukraine ”, Volodymyr Zelenskiy, ”, Ben Barry, Zelenskiy, Gerasimov Organizations: Reuters, Getty, Atomic Energy Agency, Moscow’s, Terrorism, Staff, Armed Forces, Grad, Gazprom, Armed Forces of, ”, Ukrainian military’s, AFP, International Institute for Strategic Studies, Telegram, United States, Stinger Locations: Russia, Kursk, Ukrainian, Kurchatov, Sudzha, AFP, Russian, Vienna, Ukraine, Bryansk, Belgorod, Armed Forces of Ukraine, U.S, ”

Tim Walz "misspoke" in a 2018 video circulated by the Harris campaign earlier this week that included the vice presidential candidate talking about his handling of weapons "in war," a campaign spokesperson said Friday. It’s the American way," the Harris campaign spokesperson said in a statement. “We can make sure that those weapons of war, that I carried in war, is the only place where those weapons are at,” Walz says in the clip posted by Harris’ campaign on Tuesday. “What bothers me about Tim Walz is this stolen valor garbage. In response to Julin's comments, the Harris campaign referred NBC News to statements from two men who served with Walz.

Persons: Tim Walz, misspoke, Harris, JD Vance, Walz, “ Governor Walz, Vance, Donald Trump, ” Walz, Harris ’, Walz's, you’re, Trump, Steven Cheung, Doug Julin, ” “ Tim Walz, ” Julin, Walz “, hasn’t, Joseph Eustice, he's, Al Bonnifield, ” Bonnifield, “ Organizations: Minnesota Gov, Republicans, “, Marine Corps, CNN, NBC, Washington Post, Minneapolis Star Tribune, Minnesota National Guard, Congress Locations: Minnesota, Michigan, Italy, Europe, Iraq, Afghanistan

Since the arrival in late June of a foreign police force known as the Multinational Security Support (MSS) mission, criminal attacks here have slowed. But in “red zones” across the city and beyond, a new war is just beginning, as gangs test the still-forming MSS. In other words, the MSS mission has no time to lose. CNNThis mission is designed to break the mold; unlike previous peacekeeping missions in Haiti, the MSS is independent of the United Nations. To dismantle Chen Mechan,’” he said listing the nicknames of notorious Port-au-Prince gang bosses.

Persons: Prince, Toussaint Louverture, Bob Marley’s, ”, Evelio Contreras, Garry Conille –, ” –, Conille, Garry Conille, ” Conille, Prince’s Toussaint, Godfrey Otunge, he’s, Haitian National Police Rameau Normil, ” Otunge, it’s, Al, “, Lamercie, ” Estinfort, –, Mawozo, “ I’m, Lanmo, Chen Mechan, ’ ”, Biden, Haiti Dennis Hankins, CNN he’s, Hankins, ” Hankins, we’re Organizations: Prince CNN —, Haitian National Police, Multinational Security, CNN CNN, CNN, United Nations ’, UNICEF, Regional, CARICOM, State University of Haiti Hospital, “, ” Police, Planet Airways, Kenyans, Kenyan, United Nations, UN, Troops, hasn’t, Normil, Institut, MSS, US, Haitian, Haitian Justice Department, Prisons, IBESR Locations: Washington, Port, Kenya, Kenyan, Haiti, Caribbean, Florida, downtown Port, Prince, Haitian, Jamaica, Benin, Chad, Bahamas, Bangladesh, Barbados, Belize, United States, France, Canada, South Korea, Italy, India, Al Shabaab, US, city’s, Ganthier, Barbeque

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

☆ A Nvidia recruiter shares her top 3 tips to land an internship at the chip giant
▼ + stars: | 2024-08-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Nvidia ranked second place on Glassdoor's annual list of best employers for 2024. Go to newsletter preferences Thanks for signing up! One software engineer based at its Santa Clara headquarters previously told Business Insider that his annual base salary is $250,000. So it's no wonder the company is an attractive place to work and was ranked second on Glassdoor's annual list of best employers for 2024. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Nvidia, Service, Santa Clara, Business

☆ Kursk offensive: Ukraine embarrasses Putin with surprise assault on southern Russia
▼ + stars: | 2024-08-10 | by ( Analysis Tim Lister | ) edition.cnn.com time to read: +10 min

The video, released Wednesday by the Kremlin, showed the Russian president was not happy with news from the southern region of Kursk. The head of the city of Rylsk – some distance from the most advanced Ukrainian units – said Friday more than half the population of 15,000 had left. An expeditionary forceUkrainian troops, even if reinforced, cannot expect to occupy several hundred square kilometers of Russian territory. But holding a large chunk Russian territory is beyond their capacity and probably beyond their goal. “The unfolding events demonstrate the extent to which Moscow has deeply depended on sanctuary in Russian territory to wage its war against Ukraine,” Barros told CNN.

Persons: CNN — Vladimir Putin, General Valery Gerasimov, Putin, George Barros, “, Volodymyr Zelensky, Aleksander Kots, Andrey Gurulyov, –, Malaya Loknya, Emil Kastehelmi, Barros, Matthew Schmidt, ’, Vladislav Shurygin, Izvestia, That’s, ” Daniel Fried, George Washington’s, ”, ” Barros, Darya Tarasova, Maria Kostenko Organizations: CNN, Kremlin, Russian Defense Ministry, Telegram, 61st Mechanized Brigade, Gazprom, Social, –, US Army’s Command, General Staff College, Atlantic Council, National Guard, Ukraine, “ Locations: Russian, Kursk, Sudzha, Russia, Kyiv, Donetsk, Washington, Kharkiv, Rylsk, Europe, Ukrainian, Ivashkovsky, Malaya, Olgovka, Finland, Moscow, Shurygin, Delaware, Ukraine, “ Russia

☆ Buy the dip in tech stocks including Nvidia amid market uncertainty, Bank of America says
▼ + stars: | 2024-08-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

There's still plenty of top technology stocks to buy even as the market unease continues, according to Bank of America. Apple Services saw record revenue, leading Mohan to conclude there's plenty of upside ahead for Apple shares as new products debut in September. Apple shares are down about 3% this month. Meanwhile, Netflix shares are down almost 8% over the last month. Palantir "PLTR's dominant position in the AI-powered software market, differentiated end-to-end, ontology-powered & highly secure solutions and first mover advantages should support revenue growth and improving profits in the midterm.

Persons: Palantir, Wamsi Mohan, Tim Cook, Mohan, Jessica Reif Ehrlich, Reif Ehrlich, BofA, Uber, Justin Post, Post, he's bullish, Nvidia, Blackwell Organizations: Bank of America, CNBC, Netflix, Nvidia, Apple, Apple Intelligence, Apple Services, Post, Uber, intel, TAM Locations: Bank

☆ Belarus reinforces military power on its Ukraine borders after drone interceptions
▼ + stars: | 2024-08-10 | by ( Mariya Knight | ) edition.cnn.com time to read: +2 min

CNN —Belarus sent military reinforcements to its border with Ukraine Saturday after it said several Ukrainian drones crossed its airspace and were intercepted by the country’s air defenses on Friday, Belarusian Defense Minister Viktor Khrenin said in a statement. “We suspect these are attack drones,” Belarusian president Alexander Lukashenko said during a separate briefing Saturday. Air defense, rocket defense and aviation forces and assets have been built-up,” Khrenin said. On Saturday, the Belarusian Foreign Ministry summoned the Charge d’Affaires of Ukraine and “lodged a strong protest” in connection with the incident, the ministry said in a post on X. Ukraine has not publicly commented on Belarus’ accusations.

Persons: Viktor Khrenin, Alexander Lukashenko, ”, ” Lukashenko, Khrenin, Russia ” Lukashenko “, Iskander, ” Khrenin, “, BelTA Organizations: CNN, Ukraine, Belarusian, Belarusian Foreign Ministry, Foreign Ministry Locations: Belarus, Belarusian, Ukraine, Kursk, Russia, Gomel, Ukrainian, Minsk, Europe

☆ Israel's urban warfare tactics in Gaza offer lessons for NATO armies
▼ + stars: | 2024-08-10 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Urban warfare in Gaza has revealed a painful truth for NATO: Many of its armies are ill-prepared for fighting in crowded cities. There is good reason for concern: urban warfare has become a fixture of warfare on a rapidly urbanizing planet, from Fallujah in 2003 to Bakhmut in 2023. Israeli troops and their vehicles have faced challenges operating in sections of Gaza that the Israeli Air Force shattered. The biggest lesson of Gaza is the importance of firepower in urban warfare, according to RUSI. Related storiesFirepower played a decisive role "in determining initiative during the fighting in Gaza," RUSI said.

Persons: RUSI, Jack Watling, Nick Reynolds, Watling, Reynolds, Michael Peck Organizations: Service, NATO, Israel Defense Forces, British Army, Business, Royal United Services Institute, US Army, IDF, Israeli Air Force, Anadolu, Getty, Fighters, Hamas, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Gaza, British, Fallujah, Bakhmut, Israel, Ukraine, Russia, Forbes

Also Friday, amid mounting pressure, Sangamon County Sheriff Jack Campbell announced he would retire by Aug. 31, saying it had become clear that he could not continue effectively in his role. The encounter ended with Grayson shooting Massey in the head. After shooting Massey, Grayson discouraged the other deputy from rendering aid, citing the severity of her injury, according to body camera video. The deputy still rendered aid and stayed with Massey until medical help arrived, prosecutors have said. On July 17, Grayson was fired from the Sangamon County Sheriff’s Office, where he had been employed since May 2023.

Persons: —, Sonya Massey, Jack Campbell, Sean Grayson, Massey, Ryan M, Cadagin, Massey’s, Grayson, “, ”, Mark Wykoff, ” Wykoff, Mary Beth Rodgers, Wykoff, Campbell, ” Massey, Jesus, Illinois State Police “, ” Grayson, JB Pritzker, Pritzker Organizations: Services, Illinois State Police, Office, NBC Chicago, Sangamon, Gov, Republican, NBC News Locations: SPRINGFIELD, Ill, Illinois, Sangamon County, Springfield, Grayson, Menard County, Sangamon, Springfield , Ill, Menard, Logan, Logan County

Aiming to unseat three-term Democratic incumbent Jon Tester, Sheehy is founder of Montana-based Bridger Aerospace, an aerial firefighting company. On July 1, Sheehy resigned as chief executive of Bridger to focus on his Senate campaign; the company is seeking a replacement. In mid-June, an editorial in The Wall Street Journal echoed Griffin’s view, branding Sheehy’s company Bridger a success. The PAC spent $5.3 million for Sheehy and $5.7 million against his opponent, Tester, records show. In 2022, Sheehy’s cash and stock compensation neared $5 million, and last year, he received $2.5 million, Bridger’s proxy says.

Persons: Donald Trump, Tim Sheehy, Jon Tester, Sheehy, “, Bridger, Tim, ” Katie Martin, Louise Johns, Ken Griffin, Griffin, Stephen Schwarzman, “ Tim Sheehy, ” Griffin, Marc Cohodes, Cohodes, Sheehy’s, ”, Scott Olson, Blackstone, Matthew Sheehy, Bridger’s, Blackstone Tim Sheehy, Blackstone’s, ” Jon Tester, Andrew Harnik, Schwarzman, haven’t, Farrah Saint, Surin, Matthew, Martin, Bridger ”, Montana . Don, Melinda Crawford, Todd Hirsch, Thomas A, Waldman, Yocca Carlson, I’ve Organizations: Navy, Republican, Montana, Bridger Aerospace, International, Interior Department, U.S . Forest Service, Agriculture Department, Bloomberg, Getty, Wall, Citadel LLC, PAC, Commission, The Blackstone, “ Bridger Aerospace, Blackstone, Small Business Administration, Republican National Convention, Trump, ”, Cattle Company, Tallgrass Energy, Blackstone Group, Bridger, Forest Service, Bridger Air Tanker LLC, Bridger Air Tanker, SBA, ” Companies, Federal, NBC News, Mountain Air LLC, Mountain Air, Air, Service, U.S ., “, Montana ., Rauth Locations: Bozeman , Montana, Bozeman, Mont, New York City, Bridger, America, Montana, Gallatin County, Milwaukee, Riding, disbursements, Surin, ” Saint, U.S, Los Angeles

Through the Family Life Center, her Maui-based nonprofit organization, Cumming planned to build an 88-unit village of modular homes. Workers at the Family Life Center tiny home development, known as Ohana Hope Village, in January. Maude Cumming, CEO of the Family Life Center, in a tiny home at Ohana Hope Village in January. The first 10 families will soon move into a temporary housing project designed to shelter 1,200 people for up to five years. Keys and the plans for tiny homes at the Family Life Center development.

Persons: Maude Cumming, Cumming, ” Cumming, Sarah L, Voisin, JB Rutagarama, Josh Green's, ” Green, Keys, “, ”, Green Organizations: Life Center, Workers, Washington, Getty, Homes, Hope, NBC, Rural Health Association, Gov, Life, NBC News, of Human Services, Airbnb, Human Services Department Locations: LAHAINA, Hawaii, Lahaina, Maui, Kahului, Hawaiʻi

☆ DuPont's AI ties drew us in, but its water unit may be the sleeper hit
▼ + stars: | 2024-08-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

DuPont's water business DuPont is considered a leader in purification and specialty-separation technologies that generates cleaner water for industries, governments, and communities. Arun Viswanathan, analyst at RBC Capital Markets, characterizes Dupont's water business' next-generation products as being "at the top of the technology pyramid." Dupont's water business is the smallest of the three companies that will be created by the breakup. As this exercise shows, DuPont's water business as a standalone firm would certainly deserve that compared to some. Potential M & A It's possible DuPont's water business never makes it to standalone status.

Persons: we've, Jim Cramer, It's, Lori Koch, it's, Aleksey Yefremov, Arun Viswanathan, Viswanathan, Dupont, RBC's Viswanathan, DuPont, KeyBank's Yefremov, EBITDA, Pentair, Veralto, Yefremov, They'll, they'll, —, Koch, Ed Breen, Jim Cramer's, Jim, Jeff Fusco Organizations: DuPont, CNBC, JPMorgan, Bank, Barclays, RBC Capital Markets Locations: China, North America, Asia, East, Africa, America, Yefremov, Wilmington , Delaware

☆ As Ukraine Pushes Deeper Into Russia, Moscow Sends Reinforcements
▼ + stars: | 2024-08-09 | by ( Constant Méheut | ) www.nytimes.com time to read: 1 min

Ukrainian forces pressed deeper into Russia on Friday, trying to capitalize on their surprise cross-border offensive, as Moscow moved quickly to shore up its defenses against the largest assault on Russian soil since the war began. After capturing several small settlements the last few days, Ukraine was battling to take full control of a town near the border and sending small units to conduct raids farther into the southwestern Russian region of Kursk. At the same time, the Russian military announced it was sending more troops and armored vehicles to try to repel the attack. Russian television released videos of columns of military trucks carrying artillery pieces, heavy machine guns and tanks. Perhaps preparing for retaliation, Ukrainian authorities on Friday said they were evacuating 20,000 people from the Sumy region, which sits across the border from Kursk.

Organizations: Russian Locations: Russia, Moscow, Ukraine, Russian, Kursk, Sumy

☆ Flood insurance likely doesn't cover storm damage in your basement
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Homeowners and renters insurance policies do not cover flood damage, however. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. On average, about 30% of U.S. homes in the highest-risk areas for flooding have flood insurance, according to the University of Pennsylvania's Wharton Risk Center. Private insurers also offer flood policies and may offer higher coverage than FEMA's policies, according to the Insurance Information Institute. What basement items are covered by flood insurance?

Persons: Debby, Joe Raedle, Storm Debby, Miguel J, Rodríguez Carrillo, Johnson, Jessica Rinaldi, Kochenburger, Anna Moneymaker, NFIP, Don Griffin, Peter Kochenburger Organizations: Getty, Federal Emergency Management Agency, Homeowners, Flood Insurance, FEMA, University of Pennsylvania's Wharton Risk, Insurance, Boston Globe, Consumers, Lincoln, Washington DC, American, Casualty Insurance Association, CNBC, Southern University Law, Census Locations: Cedar Key , Florida, Charleston , South Carolina, U.S, Vermont, Washington ,, Washington, freezers

CNN —A video that surfaced online appears to show bodies on burnt-out Russian military trucks in the country’s southwestern Kursk region, the latest sign that Ukraine’s cross-border assault is probing more deeply and inflicting significant damage on Moscow’s troops. Rybar, one of the more prominent Russian military blogs, published a roundup of developments Friday that said the front lines have “somewhat stabilized” with the arrival of Russian reinforcements. Rybar cited local residents of Vtoroye Knyazhino, a settlement on the outskirts of Sudzha, as saying Ukrainian infantry entered their village. US officials say they do not believe Ukraine intends to hold Russian territory for the long term. Russian authorities help residents during evacuation efforts at a railway station in Oryol, Kursk region, August 9, 2024.

Persons: Archangel Spetsnaza, Dnevnik Desantnika, Cherkasskoe, Russkoe, Rybar, Pilipey, Volodymyr Zelensky, ”, Vladimir Putin, “, Kursk –, ” Artamonov, Reuters Russia ‘, Ukraine Mykhailo Podolyak, Zelensky, Podolyak, Peter Stanno, Ukraine “, Matthew Miller Organizations: CNN, Russian, CNN –, Malaya Loknya, Getty, Ukraine’s, Russia’s, Ministry, Russian Emergencies Ministry, Reuters, European Union, Ukraine, US State Department Locations: Kursk, Oktyabrskoye, Rylsk, Russian, Kyiv, Korenevo, Sudzha, Malaya, Vtoroye, Ukrainian, Kostyantynivka, Donetsk, AFP, Moscow, Kostiantynivka, Ukraine, Russia, Belgorod, Ukraine’s Kharkiv, –, Lipetsk –, Lipetsk, Bryansk, Voronezh, Orel, Crimea, Oryol, Handout, Reuters Russia

Following decades of grievances, the federal government on Thursday changed a policy that disqualified some disabled veterans from receiving subsidized housing. Advocates hope a new federal policy will help more disabled homeless veterans get off the streets. A homeless veterans encampment in Los Angeles in 2021. “No matter where veterans are, if we have homeless veterans, we are committed to them,” he said. About 1,834 homeless veterans were counted in Los Angeles this year, compared with 2,696 last year.

Persons: Al Seib, Denis McDonough, Francine Orr, Karen Bass, George Rose, ”, Mark Rosenbaum, Rosenbaum, Terrence Hayes, Hayes Organizations: of Housing, Urban, Veterans, Los Angeles Times, Getty, Veterans Administration, “ Veterans, American Civil Liberties Union of Southern, Los, Los Angeles, HUD Locations: Al, Los Angeles, ”, Westwood, Brentwood, American Civil Liberties Union of Southern California, “, Los Angeles County, U.S

☆ Mortgage rates plunge to lowest level in more than a year
▼ + stars: | 2024-08-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —US mortgage rates plummeted this week after weaker-than-expected employment data raised the odds of the Federal Reserve cutting interest rates next month. The standard 30-year fixed-rate mortgage averaged 6.47% this week, mortgage financing giant Freddie Mac said Thursday. Mortgage rates have steadily fallen over the past several weeks since reaching a 2024 peak of 7.22% in early May. Mortgage rates track the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s decision on interest rates. Lower mortgage rates and a bigger housing stock will eventually entice more buyers to eventually enter the market.

Persons: Freddie Mac, That’s, ”, Sam Khater, Freddie Mac’s, “ Homebuyers, ” Lawrence Yun, Lisa Sturtevant, “ Organizations: Washington CNN, Federal Reserve, Las, P Global, Harvard Joint Center for Housing Studies, CNN, Treasury, National Association of Realtors, Fed, NAR, “, Bright MLS Locations: New York, San Diego, Las Vegas, Tampa, Denver, Minneapolis, United States

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