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CNN —Israel vowed Hezbollah will “pay the price” after blaming the Lebanese militant group for a rocket attack in the Israeli-occupied Golan Heights that killed 12 children, touching off fears once again that an all-out war would envelop the region. Hezbollah says it “firmly denies” it was behind the strike, the deadliest to hit Israel since the October 7 attacks. “Hezbollah is responsible for this and they will pay the price,” Gallant said. US Secretary of State Anthony Blinken on Sunday backed Israel’s assessment, saying “every indication” suggested the strike was a rocket fired by Hezbollah. While Hezbollah admitted striking the Golan Heights on Saturday, it rejected responsibility for the attack on Majdal Shams.
Persons: CNN — Israel, , Majdal Shams, Yoav Gallant, ” Gallant, State Anthony Blinken, , Yair Lapid, Shams, Israel, Nasser Kanaani, Israel “, Benjamin Netanyahu Organizations: CNN, Israel’s, Israel’s Ministry of Foreign Affairs, State, UN, Sunday, Israel, Saturday Locations: Lebanese, Golan, Majdal, Lebanon, Iran, Israel, Syria, ” Israel, Gaza, Majdal Shams, United States
Thousands of mourners attended funeral ceremonies on Sunday for the 12 children and teenagers killed by a rocket strike in the Israeli-occupied Golan Heights as Israel vowed swift retaliation against the Hezbollah militia in Lebanon. Hezbollah denied responsibility for the attack on Majdal Shams, the deadliest in Israel or Israeli-annexed territory since Palestinian militant group Hamas' Oct. 7 assault sparked the war in Gaza. Members of the Druze faith, which is related to Islam, Christianity and Judaism, make up more than half the 40,000-strong population of the Golan Heights. "A heavy tragedy, a dark day has come to Majdal Shams," said Dolan Abu Saleh, head of the Majdal Shams local council, in comments broadcast on Israeli television. Hezbollah initially had announced it fired rockets at Israeli military sites in the Golan Heights, but said it had "absolutely nothing" to do with the attack on Majdal Shams.
Persons: Majdal Shams, Benjamin Netanyahu, Antony Blinken, Washington, Dolan Abu Saleh, Shams Organizations: Hamas, U.S, Hezbollah Locations: Lebanon, Majdal Shams, Golan, Israel, Gaza, United States, U.S, Britain, Egypt, Majdal, Syria, Shams
Read previewUkraine said it hit a Tu-22M3 supersonic bomber a record-breaking 1,100 miles from its borders, Ukrainska Pravda reported on Saturday, citing sources in the Defence Intelligence of Ukraine. This story is available exclusively to Business Insider subscribers. AdvertisementSatellite imagery of Olenya airfield, reviewed by Business Insider, shows a large number of bombers at the site. Google EarthUkraine's Ministry of Defense did not immediately respond to a request for comment from Business Insider. Related storiesBut the attack on Olenya, if confirmed, would suggest Russian aircraft are vulnerable even deep inside Russian territory.
Persons: , Ukrainska Pravda, David Axe, Mick Ryan, Kyrylo Budanov, Ukraine.As, WarTranslated, Dmitri Organizations: Service, Ukrainska, Defence Intelligence, Business, Google, Ukraine's Ministry of Defense, Bloomberg, Russian Defense Ministry Press Service, AP, Ukraine, BBC, Main Directorate of Intelligence, Federal Security Service, Reuters Locations: Ukraine, Murmansk, Russia, Russian, Salavat, Russia's, Bashkortostan, Australian, BBC Ukraine
AdvertisementAccording to Osterweis, investors should expect increased cyclicality going forward. Now, with increased investment in AI and several initiatives to revitalize domestic manufacturing, Osterweis believes the US could see a return to shorter expansion periods. AdvertisementInvestors can buckle up for more frequent economic fluctuations by increasing their concentration in quality growth equities. Investing in quality growth businesses not only drives strong returns but also protects against the ups and downs of business cycles. Osterweis also sees AI as a sustainable trend and recommends investors continue holding semiconductor companies.
Persons: , John Osterweis, Goldman Sachs, Management Offshoring, Osterweis Organizations: Service, Business, Capital Management, Osterweis, Infrastructure Investment, Jobs, Bank of America, Companies, Big Tech, Microsoft, Management, Nvidia, VanEck Semiconductor, Trust Nasdaq Semiconductor Locations: Rust, Mexico, China, East Asia, reindustrialization
What is the Golan Heights and who are the Druze?
  + stars: | 2024-07-28 | by ( Nadeen Ebrahim | ) edition.cnn.com   time to read: +5 min
CNN —Tensions between Israel and the Lebanese militant group Hezbollah have reached new heights in the wake of a deadly rocket attack in the Israeli-occupied Golan Heights. Here’s what to know about the Golan Heights, and the religious and ethnic Druze minority that fell victim to the attack. What is the Golan Heights? More than 20,000 Druze live in the Golan Heights. Druze of the Golan Heights share the territory with around 25,000 Jewish Israelis, spread across more than 30 settlements.
Persons: Majdal Shams, Israel, Donald Trump, Israel’s, Golan, Jalaa Marey, Law, Organizations: CNN, Hezbollah, United Nations, UN, Golan Regional Council, Regional Council, UN Human Rights, Getty, Nation Locations: Israel, Lebanese, Golan, Majdal, Iran, Syria, Jordan, Lebanon, Syria’s, Damascus, Gaza, Egypt, Syrian, Majdal Shams, AFP, , Carmel, Galilee, Israel’s
Submarines could be very useful for defense of Canadian territory, or asserting a presence in contested Arctic waters. But tripling Canada's submarine fleet will require more than buying new boats. AdvertisementThough Canada acquired its first submarine in 1914, its recent experience with undersea boats has not been a happy one. In 1998, the Royal Canadian Navy bought four used British Upholder-class diesel-electric subs that became surplus as Britain switched to an all-nuclear submarine fleet. Several foreign shipbuilders have expressed interest in selling subs to Canada, including South Korea's Hanwha Ocean and Sweden's Saab.
Persons: , Paul Mitchell, Mitchell, Refits, Sweden's, Michael Peck Organizations: Service, Royal Canadian Navy, NATO, Business, Canadian Forces College, Canada's Department of National Defense, East, Pacific, RCN, Britain, Sweden's Saab, Canada, Shipbuilding Strategy, Royal Canadian Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Canada, Britain, Germany, Victoria, Canadian, Russia, China, Pacific, Davis, Taiwan, Japan, Korea, Barents, West, British Columbia, South, Forbes
CNN —At least 11 people have been injured after projectiles were reportedly fired from Lebanon into Majdal Shams, Golan Heights on Saturday, according to the Israel Defense Forces and Israel’s national emergency service. “A short while ago, sirens sounded in the area of Majdal Shams. One projectile was identified crossing from Lebanon toward the area. People react at a site where a reported strike from Lebanon fell in Majdal Shams village in the Israeli-annexed Golan area on July 27, 2024. We immediately began triaging the injured, some of the injured were sent to local clinics and our teams were also directed to the clinics.
Persons: Majdal Shams, Magen David Adom, Jalaa Marey, Idan, , triaging Organizations: CNN, Israel Defense Forces, MDA, ” Police, Police Spokesperson’s Unit Locations: Lebanon, Majdal, Golan, , Majdal Shams, AFP
Details are still emerging about what led last week to one of the most significant and stunning cartel busts in recent memory. Joaquín Guzmán López, one of the sons of convicted cartel boss Joaquín “El Chapo” Guzmán, duped Zambada and orchestrated their arrest, officials told CNN. At the time, Zambada told Proceso that fear about being captured weighed on him constantly. Now that Zambada and Guzmán López are in US custody, authorities are ready to make the case against them. But is it going to create a collateral effect or have an impact on drug trafficking?
Persons: Ismael “ El, Ismael “ El Mayo ” Zambada, Joaquín Guzmán, Joaquín “, Guzmán, Zambada, hasn’t, , Frank Perez, ” Guzmán, Jeffrey Lichtman, Lichtman, Joaquin, , Steven Dudley, who’s, Mexico’s, Andrés Manuel López Obrador, Ismael, El, Rodrigo Oropeza, Proceso, El Fantasma, Mike Vigil, “ Mayo Zambada, ” Vigil, ” Dudley, “ I’m, he’s, they’d, Zambada didn’t, López, El Chapo’s, Guzmán López, General Merrick Garland, El Mayo, takedowns, won’t, Ione Molinares, Fidel Gutierrez, Rafael Romo, Abel Alvarado, Amanda Musa Organizations: CNN, Ismael “ El Mayo ”, Los Angeles Times, Getty, Authorities, ‘ El Mayo, Drug Enforcement, Agents, Homeland Security Investigations, Reuters, Beechcraft King Air Locations: Sinaloa, Mexico, El Paso , Texas, Chicago, United States, El Mayo, AFP, , Zambada, Santa Teresa
Less than three years ago, Wassif Frahat spent $3 million to open a lavish, two-story restaurant, the Ali Baba. But after Hamas invaded Israel from Gaza on Oct. 7, the checkpoint was closed. Israel withheld most tax revenue from the authorities in the West Bank, in an effort to weaken them and clamp down more broadly on Palestinians. The economy in the territory’s north collapsed, and the better future that Mr. Frahat expected now seems farther away than ever. The war that followed the invasion is devastating Gaza, but it is also impoverishing the West Bank, which has become a kind of second front in Israel’s battle against Palestinian militancy.
Persons: Wassif Frahat, Ali Baba, Frahat Organizations: West Bank Locations: Jenin, Israel, Gaza
But it's hard to argue against the track record of his most preferred valuation measure — total market cap of non-financial stocks to total revenue of those stocks — when it comes to long-term stock-market returns. Unfortunately for investors, the measure just hit an all-time high, topping levels seen in 1929, 2000, 2008, and 2022. Here's the metric:AdvertisementHussman Funds"Last week, our most reliable measure of stock market valuations hit the highest extreme in history," Hussman wrote in a July 20 commentary. AdvertisementWhile Hussman's valuation measure doesn't necessitate near-term losses, there is some evidence that stocks could soon face downside. And as the stock market ground mostly higher, he persisted with his doomsday calls.
Persons: , John Hussman, Hussman, Jeremy Grantham Organizations: Service, Hussman Investment Trust, Business, Federal Reserve, Rosenberg Locations: recessionary
ET, the yield on the 10-year Treasury was up by less than one basis point at 4.2563%. The 2-year Treasury yield was last at 4.4307% after falling by over one basis point. U.S. Treasury yields were little changed on Friday as investors awaited the release of key inflation data ahead of the Federal Reserve's upcoming monetary policy meeting next week. Those are some of the last key economic data releases before the Fed meets next week to discuss monetary policy. The inflation figures come after economic data throughout the week have given mixed signals about the state of the economy.
Persons: Dow Jones Organizations: Treasury, Federal, PCE, Fed, U.S, PMI
A Philippines naval chief described an audacious anti-China mission from 1999. Vice Adm. Eduardo Santos intentionally grounded a ship to create an obstacle in the South China Sea. China claims the vast sea as its own territory, a claim fiercely disputed by its neighbors and the West. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The rusting WWII-era vessel, BRP Sierra Madre, is still there in the South China Sea.
Persons: Adm, Eduardo Santos, , Thomas Organizations: Service, Philippine, Business Locations: China, South China, Sierra Madre, Philippines
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. What we've been seeing in the market lately is a "classic pullback," Jim Cramer said Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Russell, Ford, management's, Jim, We're, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Ford Pro Locations: Wednesday's
San Juan (AP) — Puerto Rico’s governor signed a law on Wednesday that prohibits discrimination against people wearing Afros, curls, locs, twists, braids and other hairstyles in the racially diverse U.S. territory. The move was celebrated by those who had long demanded explicit protection related to work, housing, education and public services. “It’s a victory for generations to come,” Welmo Romero Joseph, a community facilitator with the nonprofit Taller Salud, said in an interview. A bronze statue of San Juan Bautista stands in front the Capitol building flanked by U.S. and Puerto Rican flags, in San Juan, Puerto Rico, where a ruling was made on Wednesday to ban hair discrimination. “Unfortunately, people identified as Black or Afro descendant in Puerto Rico still face derogatory treatment, deprivation of opportunities, marginalization, exclusion and all kinds of discrimination,” the law signed Wednesday states.
Persons: ” Welmo Romero Joseph, Romero, San Juan Bautista, Ricardo Arduengo, , ” Westend61 Organizations: Puerto Rico’s, Salud, Civil, U.S, Puerto, Census, Economic Policy Institute, U.S . House, Democratic Locations: Juan, Puerto, Alabama, San Juan, Puerto Rican, San Juan , Puerto Rico, U.S, Puerto Ricans, Puerto Rico, Texas
Big Tech appears to be tipping into troubled territory again. Read previewIn 2022, US tech companies grappled with falling demand after aggressive expansions during the pandemic, prompting a rout in tech stocks. This concentration makes the effect of any major decline in Big Tech stocks even more pronounced. All eyes on the rest of Big TechOther Big Tech companies, including Amazon, Apple, Microsoft, and Meta, report quarterly earnings next week. As for Big Tech, it appears to be a case of being safe rather than being sorry — because they can afford to.
Persons: , Michael Strobaek, Lombard Odier, Strobaek, Katherine Tangalakis, Jim Reid, Reid, Anthropic, Lombard Odier's Strobaek, Sundar Pichai Organizations: Tech, Service, Nasdaq, Business, Lombard, Big, Bloomberg, Google, Big Tech, Apple, Microsoft, Meta, Deutsche Bank, Amazon Locations: Swiss, Big Tech
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia would likely take up to 1.8 million wounded and dead over five years to achieve its goal of fully capturing four major Ukrainian regions, said the new chief of the British Army. On Sunday, he said the UK must be ready to go to war in three years, per the BBC. AdvertisementAnalysts fear that Russia can outlast Ukraine's defense through its aggressive recruitment drives and a defense manufacturing industry that's kicked into overdrive. Russia has poured 40% of national spending into defense and security, essentially putting its economy on a war footing.
Persons: , Sir Roly Walker, he'd, He'd, Walker, Vladimir Putin, Putin, that's Organizations: Service, British Army, Business, Warfare, Royal United Services Institute, , Luhansk —, News, SAS, Staff, BBC, Sky Locations: Russia, Ukraine, British, London, Donetsk, Luhansk, Kherson, Kyiv, Kharkiv, — Donetsk, Ukrainian, Moscow
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia would likely take up to 1.8 million wounded and dead over five years to achieve its goal of fully capturing four major Ukrainian regions, said the new chief of the British Army. On Sunday, he said the UK must be ready to go to war in three years, per the BBC. AdvertisementAnalysts fear that Russia can outlast Ukraine's defense through its aggressive recruitment drives and a defense manufacturing industry that's kicked into overdrive. Russia has poured 40% of national spending into defense and security, essentially putting its economy on a war footing.
Persons: , Sir Roly Walker, he'd, He'd, Walker, Vladimir Putin, Putin, that's Organizations: Service, British Army, Business, Warfare, Royal United Services Institute, , Luhansk —, News, SAS, Staff, BBC, Sky Locations: Russia, Ukraine, British, London, Donetsk, Luhansk, Kherson, Kyiv, Kharkiv, — Donetsk, Ukrainian, Moscow
For the first time since Donald J. Trump was indicted in the spring of 2023, he has lost his grip on the news cycle and — temporarily at least — his message. Instead of commanding morning-to-night media attention, the former president and his allies suddenly find themselves reacting to their opponents. It’s an unfamiliar experience for Mr. Trump, who has monopolized America’s televisions, newspapers and smartphones for more than 12 months through indictments, primary victories, 34 felony convictions, an assassination attempt and a Republican National Convention at which he was celebrated as a quasi-religious figure. In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. Vice President Kamala Harris, whom Mr. Biden endorsed on Sunday and around whom Democrats rapidly coalesced, has enjoyed a political hot streak that Mr. Biden’s advisers could have only dreamed of during the 2024 campaign.
Persons: Donald J, Trump, It’s, Biden, Kamala Harris, Mr Organizations: Republican National Convention, Democratic, Sunday
Read previewTwo lions recently proved that there's no river wide enough to keep them from potential mates. In February, the pair of brothers, Jacob and Tibu, swam for nearly a mile across a channel between two lakes in Uganda's Queen Elizabeth National Park. This story is available exclusively to Business Insider subscribers. Advertisement"We didn't know lions could do this," Braczkowski, told Business Insider in an email. And when it does come down to a fight, Jacob probably wouldn't be all that helpful to Tibu, Packer said, "but he's still better than nothing."
Persons: , Jacob, Tibu, Alexander Braczkowski, Braczkowski, Craig Packer, Bosco Atukwatse, King, Packer, wouldn't Organizations: Service, Uganda's Queen Elizabeth, Griffith University, Business, Lions, New, University of Minnesota's Lion Locations: Uganda's Queen, Uganda, what's
The Unilever headquarter building seen by the Nieuwe Maas river in Rotterdam. LONDON — European markets are heading for a lower open Thursday, with a flurry of corporate earnings and a selloff on Wall Street in focus. The U.K.'s FTSE 100 was last seen opening 19 points lower at 8,132 points, according to IG data, with Germany's DAX and France's CAC 40 down by 80 points and 45 points, respectively. The pan-European Stoxx 600 index closed 0.6% lower on Wednesday as second-quarter earnings season ramped up. Data will be released on German consumer confidence and euro zone and U.K. business activity, ahead of next week's euro zone gross domestic product second-quarter print.
Persons: Germany's DAX, carmakers Stellantis, Roche Organizations: Unilever, LONDON, CAC, MIB, Nestle, carmakers, Renault, Nasdaq, Deutsche Bank, Nikkei, U.S, Reuters, Bank of Locations: Rotterdam, Swiss, U.S, Asia, Pacific, Bank of Japan
In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. But within 24 hours, Democratic leaders unofficially crowned Ms. Harris and stamped out any notable opposition. His team considered mounting legal challenges to her campaign committee to make it harder for Ms. Harris to hit the ground running. And Mr. Trump is still cycling through nicknames for Ms. Harris — a sign that he hasn’t yet figured out how he intends to portray her. And some Trump campaign officials have telegraphed plans to “Willie Horton” Ms. Harris.
Persons: Donald J, Biden, Trump, It’s, Kamala Harris, Mr, Biden’s, Harris, , , viscerally, jostled, Erin Schaff, Brian Hughes, ” Mr, Biden’s “ Cackling, Laffin ’ Kamala Harris, , Kamala ”, Hillary Clinton, Kamala, Alex Castellanos, that’s, Kevin McCarthy, Mike Johnson, Doug Mills, ” Liam Donovan, ” Guy Cecil, “ Kamala Harris, David McCormick, Biden’s frailty, Willie Horton ” Ms, Michael Dukakis, Horton, Dukakis, Hilary Rosen Organizations: Republican National Convention, Democratic, Sunday, Black, Trump, The New York Times, Mr, Republicans, Republican, Indian, Indian American U.S, New York Times, National Republican, “ Republicans, Green, MAGA Inc Locations: Wilmington, Del, Indian American, Grand Rapids, Mich, Credit, Charlotte, , Pennsylvania, Massachusetts, California
Earth’s Hottest Days Ever
  + stars: | 2024-07-25 | by ( ) www.nytimes.com   time to read: +1 min
This past Sunday was the warmest single day ever recorded, according to the Copernicus Climate Change Service, the European Union-funded research organization. That is, until Monday, when global temperatures inched up a bit more. Then Monday became the hottest day in modern history, with an average global temperature of 17.16 Celsius or 62.88 Fahrenheit. The previous record for the planet’s warmest day came last July. “What is truly staggering is how large the difference is between the temperature of the last 13 months and the previous temperature records,” said Carlo Buontempo, director of Copernicus.
Persons: , Carlo Buontempo, Copernicus Organizations: European Union
A new study analyzing the first 17 days of Israel’s bombardment in the Gaza Strip found that the Gaza Ministry of Health’s death toll, a subject of debate at the time, was reliable. The study, conducted by Airwars, a British organization that assesses claims of civilian harm in conflicts, added to previous research suggesting that the Health Ministry’s figures in the early days of the war were credible. In late October, the Health Ministry published the names of about 7,000 people who had been killed in the first 17 days of the war. Airwars reported that more recent ministry figures had become less accurate after the destruction of the territory’s health system. On Wednesday, the ministry, whose death toll does not distinguish between civilians and combatants, said that more than 39,000 people had been killed.
Persons: Airwars Organizations: Gaza Ministry, Health Ministry Locations: Gaza, British
Read previewRussia has increasingly been striking Ukrainian positions with its new 6,600-pound glide bomb, a highly destructive weapon that is notoriously difficult to defeat. AdvertisementA FAB-3000 glide bomb is seen in this video released on July 14 by the Russian Ministry of Defense. The new FAB-3000 glide bomb's first known combat usage was in June, and it has been used extensively in the weeks since. AdvertisementOnce released from an aircraft, glide bombs have short flight times, generate small radar signatures, and travel on non-ballistic trajectories. AdvertisementA FAB-3000 glide bomb is seen mid-flight in this video released on July 14 by the Russian Ministry of Defense.
Persons: , Russian Su, Justin Bronk, George Barros, Su, Bronk, Maxim Shemetov, Volodymyr Zelenskyy, Biden, Zelenskyy Organizations: Service, Business, Warfare, Russian Ministry of Defense . Russian Ministry of Defense, FAB, Institute for, Royal United Services Institute, Holding, MGM, Tactical Missile Systems, Russian Aerospace Forces, International Army, REUTERS, Russian Locations: Russia, Russian, Ukraine, Kyiv, Kharkiv, Moscow, Holding Ukraine, Ryazan
In the capital Ankara, opposition parties are calling for mass deportations, and the government is calling on the Syrian regime it once sought to topple to help resolve the problem. Turkish President Recep Tayyip Erdogan is now publicly seeking a meeting with President Bashar al-Assad, the man he once labeled a terrorist, to reset relations. Before the Syrian civil war, the two leaders vacationed together, but years later, after the Syrian regime brutally crushed a public revolt, Erdogan sought to oust him from office and backed local forces fighting against him. Turkish troops remain in control of a swath of Syrian territory along the Turkish border where Syrian opposition groups are sheltering. Syrian opponents denounce the Turkish President's statements for normalization with the Syrian President Bashar al-Assad's regime in the city of Idlib, Syria on July 12.
Persons: CNN — It’s, Recep Tayyip Erdogan, Bashar al, Assad, vacationed, Erdogan, , ” Erdogan, , Bilal Bagis, “ It’s, ” Assad, Aaref Watad, Ali Yerlikaya, Ebubekir Hussamoglu, He’s, Anas, Mohammad Shbeeb, Abdullah Resul Demir, they’re, Shbeeb, didn’t, Cenk Ozatici, Iyi, Ozatici, Istanbul Mayor Ekrem Imamoglu Organizations: CNN, Turkish, International Refugee Rights Association, Ibrahim Usta, AFP, Getty, Party, European Union, Istanbul Mayor Locations: Turkey, Ankara, Turkish, Damascus, Syria, Afrin, AFP, Anatolian, Kayseri, Syrian, Antalya, Istanbul, Idlib, Gaziantep, Azaz, Ibrahim, Europe
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