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☆ U.S., Western nations take measured stance on Venezuela’s disputed vote
▼ + stars: | 2024-08-13 | by ( ) www.nbcnews.com time to read: +6 min

Three officials from different countries said the measured response comes as they are mindful of what happened after Maduro’s 2018 reelection. Then, the vote was quickly condemned as a sham and led to the most severe sanctions yet on the OPEC nation. In Washington, which under Republican President Donald Trump blocked Venezuela’s critical oil exports, there seems little appetite for more severe sanctions. The European Union last week said there was not enough evidence to support Maduro’s victory as announced by the CNE. Countries including China, Russia, Nicaragua and Cuba have recognized Maduro’s victory and offered him support.

Persons: Nicolás Maduro, Edmundo González, Jose Manuel Albares, Maduro’s, Donald Trump, Biden, Maria Corina Machado, Gonzalez, ”, Vedant Patel, Maduro, Elvis Amoroso, Kamala Harris, “, ’, Machado Organizations: Electoral Council, Maduro, United Nations, EU, Republican, Democratic U.S, Venezuela’s, U.S ., . State Department, . Washington, U.S, U.S . Treasury Department, State Department, Reuters, American States, Electoral, International, European Union, CNE, NBC Locations: U.S, Brazil, Venezuela, Spanish, Spain, OPEC, Maduro, Washington, ., reneging, Elvis Amoroso ., Mexico, Colombia, Canada, Panama, China, Russia, Nicaragua, Cuba

☆ The UN says Sudan is at a ‘catastrophic breaking point’ amid flooding and fighting
▼ + stars: | 2024-08-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

War-wrecked Sudan's humanitarian crisis is at "a catastrophic breaking point" amid fighting and devastating flooding, the U.N. migration agency said Monday, ahead of peace talks planned for later this week. The talks face uncertainty as Sudan's military has yet to confirm its participation in the meeting in Switzerland brokered by the United States and Saudi Arabia. Sudan’s war has created the world’s largest displacement crisis. More than 10.7 million people have been forced to flee their homes since fighting began, according to the International Organization for Migration. AFP - Getty Images"We are at a breaking point, a catastrophic, cataclysmic breaking point," said Othman Belbeisi, IOM’s regional director.

Persons: Othman Belbeisi, Belbeisi, Tom Perriello, We’ve, Perriello Organizations: Rapid Support Forces, International Organization for Migration, Getty, IOM, U.S, SAF, Sudanese Armed Forces, United Locations: Switzerland, United States, Saudi Arabia, Khartoum, Darfur, Meroe, Sudan, AFP, Darfur’s, al, Sennar, Geneva, Saudi, Jeddah, Union, Egypt, United Arab Emirates, UAE

A ship in the Red Sea was targeted in a third attack suspected to have been carried out by Yemen’s Houthi rebels Tuesday in their campaign of assaults over the Israel-Hamas war, officials said. The Houthis have targeted more than 70 vessels with missiles and drones since the start of the war in Gaza in October. Other missiles and drones have been either intercepted by a U.S.-led coalition in the Red Sea or failed to reach their targets. After the strikes, the Houthis paused their attacks until Aug. 3, when they hit a Liberian-flagged container ship traveling through the Gulf of Aden. Additional F-22 fighter jets have flown into the region, while the USS Wasp, a large amphibious assault ship carrying F-35 fighter jets, is in the Mediterranean Sea.

Persons: Yemen’s Houthi, Ismail Haniyeh, Ambrey, Abraham Lincoln, Theodore Roosevelt Organizations: U.S . Navy, British military’s United Kingdom Maritime Trade Operations, Liberian, U.S ., USS Locations: Israel, Iran, Asia, Europe, Hodeida, British, Gaza, U.S, United States, Tel Aviv, Aden, America, USS Georgia, Gulf of Oman

MANILA, Philippines — The Philippine government said Tuesday that it had filed a diplomatic protest against Beijing after Chinese jets flew dangerously close and fired a volley of flares in the path of a Philippine air force patrol plane over a disputed shoal in the South China Sea. The Southern Theater Command of the Chinese People’s Liberation Army said Saturday that a Philippine air force aircraft “illegally” entered the airspace above the shoal, which China claims, disrupting its combat training activities. The command sent jets and ships to identify, track and drive away the Philippine aircraft, it added. In 2013, China announced a new Air Defense Identification Zone over the East China Sea that covers a chain of disputed islands also claimed by Japan. Washington has repeatedly warned that it is obligated to defend the Philippines, its oldest treaty ally in Asia, if Filipino forces, ships and aircraft come under an armed attack, including in the South China Sea.

Persons: Romeo Brawner Jr, ” Brawner, Teresita Daza, Ferdinand Marcos Jr, ”, Jay Batongbacal, ” Batongbacal, Thomas Shoal Organizations: Philippine military’s, Scarborough, seaway, ” Department of Foreign Affairs, ”, China, Southern Theater Command, People’s Liberation Army, Philippine, U.S, Air Defense, East China, Institute for Maritime Affairs, Law, University of the, Washington Locations: MANILA, Philippines, Beijing, Philippine, South China, Manila, China, People’s Republic of China, United States, Australia, Canada, East, Japan, Washington, University of the Philippines, Brunei, Malaysia, Vietnam, Thailand, Scarborough, Asia

☆ Gold dips as investors book profits, U.S. inflation data in focus
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: +2 min

Prices rose more than 1% in the previous session. "Prices will benefit if the U.S. inflation data comes in on the softer side of the ledger, which would reignite hopes of an aggressive rate cut from the Fed in September." The CPI data is expected to show that headline and core prices rose 0.2% month-on-month. Markets see about 50% chance of a 50 basis point rate cut in September, according to the CME FedWatch Tool. "If markets become more optimistic of a 50 bp cut coming to fruition, this could propel the gold price to make a run at the $2,500 level," Waterer said.

Persons: Alexander Manzyuk Gold, Tim Waterer, Waterer, Benjamin Netanyahu Organizations: REUTERS, Federal, KCM, Fed, Traders Locations: Siberian, Krasnoyarsk, Russia, U.S, Gaza

☆ Ukraine wants more negotiating power as forces advance into Russia, humiliating Moscow
▼ + stars: | 2024-08-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukrainian servicemen operate a Soviet-made T-72 tank in the Sumy region, near the border with Russia, on August 12, 2024, amid the Russian invasion of Ukraine. Ukraine's President Volodymyr Zelenskyy stated on Sunday that it was designed "to put pressure on the aggressor Russia" and to push "the war into the aggressor's territory." Russian official Alexei Smirnov, the acting governor of the Kursk region, told a solemn-looking Putin via videoconference Monday that Ukraine controlled 28 settlements. Analysts at the Institute for the Study of War said geolocated footage suggests Ukraine controls a higher number of around 40 settlements, as of Monday. Russia caught off guardPresident Putin vowed on Monday a "worthy response" to Ukraine's border raid, just as 11,000 more civilians were evacuated in Kursk's neighboring region Belgorod, due to "enemy activity."

Persons: Roman Pilipey, Vladimir Putin, Volodymyr Zelenskyy, Oleksandr Syrskyi, Alexei Smirnov, Putin, Gavriil Grigorov, Kostiantyn Liberov, Liberov Organizations: Afp, Getty, CNBC, Institute for, Sputnik, Ukrainian, United, Reuters, Russian Ministry of Defense, Russian, Ukrainian Armed Forces, Anadolu, Employees, Russian Emergencies Ministry Locations: Soviet, Sumy, Russia, Ukraine, Roman, Kyiv, Ukrainian, Kursk, Russian, Novo, Ogaryovo, Moscow, Kherson, Kharkiv, Turkey, United Arab Emirates, Kursk's, Belgorod, Kursk Oblast, Oryol

CNN —Israeli Prime Minister Benjamin Netanyahu lambasted his Defense Minister Yoav Gallant on Monday and accused him of adopting an “anti-Israel narrative,” revealing a deep rupture at the top of the Israeli government as the Middle East risks spiraling into a full-scale regional conflict. “When Gallant adopts the anti-Israel narrative, he harms the chances of reaching a hostage deal,” the prime minister’s office said in a statement. Critics have accused Netanyahu of being more interested in defeating Hamas and preserving his government than returning the hostages. He has previously called on Netanyahu to declare that Israel would not establish civilian or military control over Gaza, although the prime minister has remained vague on his plans for the “day after” the war. “The conditions today for a Lebanon war are the opposite of what they were at the beginning of the war,” Gallant reportedly told lawmakers.

Persons: Benjamin Netanyahu, Yoav Gallant, Gallant, ”, Saul Loeb, Ismail Haniyeh, Fu’ad Shukr, Haniyeh’s, Haniyeh, Netanyahu, –, Joe Biden, ” Gallant, Yahya, Sinwar, Daniel Hagari, “ Organizations: CNN, Israeli, US State Department, Getty Images, Qatari, ” CNN, American Enterprise, Institute for Locations: Israel, Gaza, Iran, Lebanon, United States, Washington ,, Getty Images Iran, Tehran, Beirut, of Israel, Egypt, Qatar, Cairo, Doha

International mediators were heading to the Middle East for a high-stakes round of negotiations scheduled for Thursday as they raced to lock down an elusive cease-fire in the Gaza Strip that could defuse tensions ahead of an anticipated attack on Israel by Iran and Hezbollah. The cease-fire talks, which are set to take place in Doha, Qatar, or Cairo, were expected to include top intelligence officials from Egypt, Israel and the United States, as well as the Qatari prime minister. But as of Tuesday, Hamas representatives were not planning to take part. Ahmad Abdul-Hadi, a Hamas representative in Lebanon, said in an interview that doing so would mean going “backward to square one,” and accused Prime Minister Benjamin Netanyahu of Israel of dragging out the negotiations. “Netanyahu is not interested in reaching an agreement that ends the aggression completely, but rather he is deceiving and evading and wants to prolong the war, and even expand it at the regional level,” Mr. Abdul-Hadi said.

Persons: Ahmad Abdul, Hadi, Benjamin Netanyahu, Israel, “ Netanyahu, Mr, Abdul Locations: Gaza, Israel, Iran, Doha, Qatar, Cairo, Egypt, United States, Lebanon

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

☆ The 'carry trade' unwind has barely begun, investor says
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe 'carry trade' unwind has barely begun, investor saysMark Carnegie, founding partner of M.H. Carnegie & Co, told CNBC that Japanese regional banks could face a situation worse than the 2023 U.S. banking crisis.

Persons: unwind, Mark Carnegie Organizations: Carnegie & Co, CNBC

CNN —Mediators in talks for a ceasefire agreement between Hamas and Israel are making a last-ditch effort to revive stalled negotiations as the Middle East braces for an Iranian attack on Israel. President Joe Biden announces a proposed ceasefire between Israel and Hamas in Gaza while delivering remarks in the State Dining Room at the White House on May 31 in Washington, DC. The militant group replaced Haniyeh with Yahya Sinwar, the hardline Hamas leader in Gaza who is one of Israel’s most wanted men. He is not interested in either a ceasefire or the full withdrawal of troops.”Why are Thursday’s talks so important? There have been some indications that Iran may abandon plans to attack Israel if a ceasefire deal is reached.

Persons: Joe Biden, Benjamin Netanyahu, Biden, ”, who’ve, Netanyahu, Chip Somodevilla, Ismail Haniyeh, Israel hasn’t, Yahya Sinwar, “ Haniyeh, “, Israel, Zahra, Omar Al, Thursday’s Organizations: CNN, Israeli, White, Thursday’s, Hamas, Getty, Israel, United Nations Locations: Israel, Qatar, Egypt, United States, Gaza, Rome, Washington ,, Rafah, Tehran, Iran, Palestinian, Shujaiya, Gaza City, AFP

☆ 'Plenty of reasons to worry': A former IMF official shares 5 reasons the chances of a recession are 'very high' — and warns the Fed should have cut rates already
▼ + stars: | 2024-08-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Desmond Lachman, a former IMF deputy director, says there are "plenty of reasons to worry" about the US economy in the months ahead. Another risk is the prospect of a second Trump presidency, given his proposed policies around tariffs and taxes, Lachman said. Advertisement"There are a huge number of risks," Lachman said. "The Fed could cut interest rates midmeeting but that would be because the sky was falling. But if the sky is not falling, the Fed doesn't want to give the impression that the sky is falling," Lachman said.

Persons: Desmond Lachman, Lachman —, Lachman, Trump, —, France Organizations: Service, Business, Lachman, American Enterprise Institute, AEI, Trump, EU Locations: China, Israel, Gaza, Lebanon, Palestine, Iran, France, Italy, Europe

☆ 2 trades to make now amid 6 economic pitfalls ahead, according to a Bank of America chief strategist
▼ + stars: | 2024-08-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Japan's low interest rates made its currency a cheap option to borrow and fund other trades in the US and worldwide. So there's $6 trillion sitting in money market funds that is being held hostage to politics, he added. Advertisement"We've had these episodes of market volatility in the past, and the only path was in and out of equities," Quinlan said. Remember, as interest rates come down, you lock in two-, five-, or 10-year yields. Those money market funds are going to come down as the interest rates come down."

Persons: —, Joe Quinlan, Quinlan, it's, There's, You've, capex, Donald Trump, We've, Russell, We're Organizations: Service, Nasdaq, Dow, Merrill, Bank of America Private Bank, Business, Reserve, Big Tech, Labor Locations: China, Israel, Iran

☆ Valley Bank CEO on the health of banks, rate cut optimism and bank lending
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailValley Bank CEO on the health of banks, rate cut optimism and bank lendingIra Robbins, Valley Bank CEO, joins 'Power Lunch' to discuss regional banks health, outlook for the sector and the impact of a Fed rate cut.

Persons: Ira Robbins Organizations: Bank, Valley Bank

The U.S. is sending a guided missile submarine to the Middle East and speeding the arrival of an aircraft carrier strike group, as Israel braces for retaliatory attacks from Iran and its proxies after the assassination of senior members of Hamas and Hezbollah. He further ordered the USS Abraham Lincoln Carrier Strike Group, which is equipped with F-35C fighter jets, to accelerate its ongoing transit to the area. The guided-missile submarine USS Georgia at sea in 2020. Both Iran and Hamas blamed Israel for the killing, and while Israel has remained quiet on the matter it is widely believed to have carried out the assassination. Iranians hold portraits of Hamas leader Ismail Haniyeh during his funeral procession, in Tehran, on August 1, 2024.

Persons: Lloyd Austin, Abraham Lincoln, Austin, Washington's, Yoav Gallant, Gallant, Ismail Haniyeh, Masoud Pezeshkian, Israel, Iran’s, Ayatollah Ali Khamenei, Yahya Sinwar, Fuad Shukr Organizations: Pentagon, Sunday, USS, Abraham Lincoln Carrier Strike, U.S . Navy, country's Revolutionary Guard, AFP, Getty, Hamas, Israel Defense Forces, NBC Locations: Israel, Iran, USS Georgia, Georgia, Tehran, Lebanese, Beirut, U.S, Gaza, Gaza City

☆ U.S. sends more forces and military hardware to the Middle East in anticipation of Iranian attack on Israel
▼ + stars: | 2024-08-12 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

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

☆ Top general says Ukrainian forces have captured almost as much Russian territory in the last week as Russia has land in Ukraine this year
▼ + stars: | 2024-08-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewIn under a week, Ukrainian forces have captured around 1,000 square kilometers in their surprise offensive into Russia, Kyiv's top commander said on Monday. The amount of Russian territory that Ukraine has seized in a matter of days — roughly 386 square miles — is almost as much as Moscow has captured in Ukraine this year. Advertisement"As of now, we control about 1,000 square kilometers of the territory of the Russian Federation. According to Mitch Belcher, a geospatial analyst at the Institute for the Study of War, which tracks battlefield movements and developments, Russian forces occupied around 108,163 square kilometers of Ukrainian territory on December 31. "We assess that Russian forces have occupied an additional 1,175 square kilometers of Ukrainian territory thus far in 2024," he told BI on Monday.

Persons: —, Oleksandr Syrskyi, Zelenskyy, Syrskyi, Mitch Belcher, Vladimir Putin, John Kirby, Biden, Ryan Pickrell Organizations: Service, Business, Russian Federation, Ukrainian, REUTERS, Institute for, Sputnik, Kremlin, White, National Security Council Locations: Russia, Kyiv's, Ukraine, Moscow, Russia's Kursk, Kyiv, Russian, Ukraine's Sumy, Kursk, Kremlin, Kursk Oblast

☆ Stocks making the biggest moves midday: JetBlue, Hawaiian Electric, KeyCorp, Monday.com and more
▼ + stars: | 2024-08-12 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: JetBlue — Shares sank 13% after the airline said it plans to sell $400 million of five-year convertible senior notes. Hawaiian Electric also reported a consolidated net loss of $1.3 billion, or $11.74 per share, in the second quarter, including charges for goodwill impairment. KeyCorp — The Cleveland-based regional bank surged 13% after The Bank of Nova Scotia agreed to take a minority position, making KeyCorp the top performer in the S & P 500 on Monday. Monday.com — Shares surged about 12%, hitting a new 52-week high, after the Israel-based software company posted better-than-expected second-quarter results. Par Technology — The restaurant technology stock added 1.8% following a Jefferies upgrade to buy from hold.

Persons: —, KeyCorp, Monday.com, FactSet, Jeff Smith, Wolfe, Piper Sandler, Robinhood, Alex Harring, Samantha Subin, Yun Li, Jesse Pound, Michelle Fox Organizations: JetBlue —, Hawaiian Electric Industries, Maui, Electric, Bank of Nova, Scotiabank, Street Journal, Starbucks, Qualcomm, Wolfe Research, Apple, Technology —, Jefferies Locations: — The Cleveland, Bank of Nova Scotia, Israel, Par

☆ Israel and US brace for Iranian attack as diplomats push hard for Gaza ceasefire
▼ + stars: | 2024-08-12 | by ( Christian Edwards | ) edition.cnn.com time to read: +6 min

CNN —Israel and the United States are preparing for a potential Iranian attack on Israel as efforts to secure a ceasefire in Gaza intensify, with talks set to resume this week amid intense diplomacy to avert a wider regional war. A major Iranian attack reprisal against Israel could risk derailing the ceasefire talks that US officials have said were at an advanced stage prior to the assassination of Hamas’ political leader Ismail Haniyeh in Tehran, which Iran blamed on Israel. But the country’s mission to the United Nations said on Saturday that Tehran’s retaliation to Israel’s suspected killing of Haniyeh is “totally unrelated to the Gaza ceasefire,” adding that it has a right to self-defense. Palestinians pray next to the bodies of those killed in an Israeli strike on a school sheltering displaced people in Gaza City on Saturday. Egyptian and Qatari mediators have told Israel that Sinwar wants a deal, an Israeli source familiar with the matter told CNN.

Persons: CNN —, –, Ismail Haniyeh, Israel hasn’t, Israel, hasn’t, Iran’s, Ayatollah Ali Khamenei, “, ”, Haniyeh, Lloyd Austin, Israel “, William Gore, Lebanon –, Fu’ad Shukr, Abed Sabah, Yahya Sinwar –, Israel –, Joe Biden, Sinwar, Benjamin Netanyahu, Bibi, Netanyahu Organizations: CNN, Qatari, Doha, United, Islamic Revolutionary Guard Corps, United Nations, US, USS, Pentagon, Congress, UN, Spc, US Navy, Reuters, –, US National Security Council, Israel Defense Forces Locations: CNN — Israel, United States, Israel, Gaza, Iran, Cairo, Egypt, Qatar, Tehran, France, Germany, United Kingdom, USS Georgia, Manama, Bahrain, Lebanon, Beirut, Gaza City

☆ Moscow and Kyiv trade barbs over nuclear plant fire as tempers flare over Ukraine's ongoing incursion
▼ + stars: | 2024-08-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

A fire broke out Sunday in Europe's largest nuclear power plant, located in southern Ukraine, with Ukraine and Russia trading blame over the incident. "As long as Russian terrorists retain control of the nuclear power plant, the situation is not and cannot be normal. A view of the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine on June 15, 2023. He said he had met with Russia's President Vladimir Putin who had "clearly indicated increasing vigilance and attention to strategic infrastructure facilities, which include the nuclear power plant." International Atomic Energy Agency (IAEA) inspectors are seen at the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine on June 15, 2023.

Persons: Volodymyr Zelenskyy, Zaporizhzhia, Zelenskyy, Olga Maltseva, Yevgeny Balitsky, Balitsky, Vladimir Putin, Alexei Smirnov, Roman Pilipey, Putin Organizations: Anadolu, Getty, Zaporizhzhya NPP, Afp, NATO, CNBC, International Atomic Energy Agency, IAEA, AFP, Russian Ministry of Defense, Russian, Ukrainian Armed Forces, Institute for, Kremlin, AP Locations: Zaporizhzhia, Ukraine, Russia, Anadolu, Moscow, Kyiv, Russian, Enerhodar, Europe, Zaporizhia, Kursk, Kursk Oblast, Soviet, Sumy, Ukrainian, Sudzha

☆ Jim Cramer prefers Mondelez over this food peer — plus, his take on 4 more stocks
▼ + stars: | 2024-08-12 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

The deal will help improve Key's balance sheet, Jim Cramer said. Robinhood : Shares rose more than 4% after Piper Sandler upgraded the brokerage firm's stock to a buy rating. Prologis : Shares fell a little over 1% after Bank of America downgraded the stock to a hold rating. Qualcomm shares were down about 1% Monday. General Mills : Shares were slightly lower despite Goldman Sachs initiating coverage of the stock with a buy rating.

Persons: Jim Cramer's, Jim Cramer, Piper Sandler, Cramer, Jim, I'm, General Mills, Goldman Sachs, Mills Organizations: CNBC, Club, Canada's Scotiabank, Bank of America, Qualcomm, Wolfe Research, Apple, Mondelez Locations: Cleveland

☆ Israel-Hamas War and Gaza Cease-Fire Proposal: Latest Updates
▼ + stars: | 2024-08-12 | by ( Isabel Kershner | Eric Schmitt | ) www.nytimes.com time to read: +5 min

Image Smoke billowing after an Israeli airstrike on Khan Younis in the southern Gaza Strip on Sunday. In a statement on Sunday, the group said it objected to “more rounds of negotiations” and the introduction of any new proposals or conditions. Officials in Gaza said over the weekend that dozens of people had been killed in Israel’s strike on the school compound. The authorities in Gaza do not distinguish between combatants and civilians in reporting death tolls. Israel’s political and military leaders have argued that it is essential to keep up the military pressure on Hamas, to force it to come to terms on a cease-fire deal.

Persons: Biden, Khan Younis, Bashar Taleb, Abdel Fattah el, Sheikh Tamim bin Hamad, Israel, Benjamin Netanyahu, Netanyahu, Tisha B’Av Organizations: Lebanese Hezbollah, ., Agence France, Getty Locations: Beirut, Tehran, Israel, Iran, Gaza, Egypt, Qatar, Thani, Cairo, Doha, Jerusalem, Aqsa

☆ Stocks making the biggest premarket moves: KeyCorp, Starbucks, JetBlue, Eli Lilly and more
▼ + stars: | 2024-08-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading: KeyCorp — Shares of the Cleveland-based regional bank jumped 18% after the announcement of a minority investment from The Bank of Nova Scotia. The deal gives Scotiabank 14.9% of KeyCorp's common stock for roughly $2.8 billion in cash. Eli Lilly — The pharma stock added 1.4% following an upgrade at Deutsche Bank to buy from hold. The bank cited Eli Lilly's recent earnings beat and called the stock a "low beta/high growth" unicorn. JetBlue Airways — Shares tumbled nearly 6% after the airline announced plans to offer $400 million of convertible senior notes due in 2029.

Persons: Eli Lilly, Eli Lilly's, Robinhood, Piper Sandler, Fred Imbert, Jesse Pound, Sarah Min, Pia Singh Organizations: The Bank of, Scotiabank, Starbucks, Street Journal, pharma, Deutsche Bank, JetBlue Airways, Hawaiian Electric Industries, Maui, Qualcomm, Wolfe Research, Apple Locations: Cleveland, The Bank of Nova Scotia

☆ U.S. and Israeli Defense Officials Speak Amid Fears of Escalation in Mideast
▼ + stars: | 2024-08-12 | by ( Eric Schmitt | More About Eric Schmitt | ) www.nytimes.com time to read: +1 min

Mr. Austin has also directed the aircraft carrier Abraham Lincoln, equipped with F-35 fighter jets, to speed to the region, joining the aircraft carrier Theodore Roosevelt and its accompanying warships already in the Gulf of Oman. A statement from the Israeli government said that Mr. Gallant had spoken to Mr. Austin about the Israeli military’s “readiness and capabilities in the face of threats posed by Iran and its regional proxies.”The Israeli defense minister also discussed “the urgency of achieving an agreement for the release of hostages and thanked the U.S. administration for its leadership and commitment to this issue,” the statement said. Hamas has not indicated whether its representatives will be at the meeting. The call between Mr. Austin and Mr. Gallant came a day after an Israeli airstrike hit a school compound in northern Gaza where displaced Palestinians were sheltering, an attack that Gazan authorities said killed dozens of people. Mr. Austin used the call to once again underscore the importance of “mitigating civilian harm” during Israeli operations in the enclave, General Ryder said.

Persons: Austin, Abraham Lincoln, Theodore Roosevelt, Gallant, General Ryder Locations: Gulf of Oman, Iran, U.S, United States, Gaza, East, Israel

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

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