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☆ The B-2 stealth bomber used to hit the Houthis was built to strike the toughest targets
▼ + stars: | 2024-10-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The Pentagon disclosed that B-2 stealth bombers were involved in the operation. AdvertisementThe US military carried out a series of airstrikes against the Iran-backed Houthi rebels in Yemen on Wednesday, using B-2 stealth bombers to hit targets underground. The US bases the heavy strategic bombers at Whiteman Air Force Base in Missouri. AdvertisementBefore the emergence of the new B-21 Raider, the B-2 was, for decades, the only stealth bomber. The Air Force describes the MOP as a heavy munition that can accomplish "difficult" and "complicated" missions of reaching enemy weapons stored in well-protected sites.

Persons: —, Defense Lloyd Austin, Austin, Vincent De Groot, Northrop Grumman, Matthew S, Domingos Mark Gunzinger, Samantha White Organizations: Pentagon, Service, Defense, Navy, US Air Force, US Air National Guard, The Air Force, Northrop, Whiteman Air Force Base, Raider, Air Force, Islamic, U.S . Air Force, Mitchell Institute for Aerospace Studies, Boeing, Air Locations: Yemen, Iran, Gulf of Aden, United States, Missouri, Soviet, Australia

☆ Ukraine is adding cages to another NATO tank type as it scrambles to shield its armored vehicles
▼ + stars: | 2024-10-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The steel screens help protect German-made Leopard tanks from inbound Russian munitions. Ukrainian troops fire a Leopard tank during an exercise near the front lines in eastern Ukraine in May. A German-made Leopard tank with protective screens at an undisclosed location. Courtesy of Rinat Ahkmetov's Steel FrontA German-made Leopard tank with protective screens at an undisclosed location. Both Ukraine and Russia have lost scores of armored vehicles, including tanks, to small drone attacks.

Persons: Rinat, — Organizations: NATO, Rinat Akhmetov's, Service, Kyiv, REUTERS, Leopards, Steel, Abrams, Bradley Locations: Ukraine, Ukrainian, Germany, Russia

☆ Australia is going to more than double the size of Ukraine's Abrams tank force
▼ + stars: | 2024-10-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementAustralia plans to send Ukraine a large batch of M1A1 Abrams tanks, officials confirmed on Wednesday, in a move that will more than double the size of Kyiv's existing inventory. The planned transfer will significantly expand Ukraine's arsenal of Western-provided armored vehicles and help replace the Abrams lost in combat. An Australian M1A1 Abrams Main Battle Tank during a training exercise in August 2021. Related storiesVasyl Myroshnychenko, the Ukrainian ambassador to Australia, said that the Abrams tanks will be an "essential part" of Kyiv's land defenses. Since the Abrams are American-made tanks, Australia had to get the US to sign off on the transfer.

Persons: Abrams, —, Pat Conroy, Cpl, Sarah E, Conroy, Vasyl Myroshnychenko, we've, Myroshnychenko Organizations: Abrams, US, Ukraine, Service, Australia's Defense Industry, Bradley, Australian M1A1 Abrams, US Marine Corps, Ukrainian Armed Forces, Australian Broadcasting Corporation, NATO Defense, ABC, Canberra Locations: Australia, Ukraine, Canberra, Kyiv, Russia, London, Ukrainian

☆ Victoria’s Secret Fashion Show returns: Here’s what you need to know
▼ + stars: | 2024-10-16 | by ( Tara John | ) edition.cnn.com time to read: +14 min

Kate Moss, 50, makes her Victoria's Secret Fashion Show debut. Kate Moss, who turned 50 in January, made her Victoria’s Secret Fashion Show debut, with her daughter Lila also modeling. Taylor Hill/WireImage/Getty ImagesShe said that Victoria’s Secret was listening to their customers, who wanted the show to return. Ashley Graham walks the runway for the Victoria's Secret Fashion Show 2024. Dimitrios Kambouris/Getty ImagesBlackpink's Lisa performs during the Victoria's Secret Fashion Show 2024.

Persons: Lisa, Blackpink, Gigi Hadid, Barbie, Hadid, Brown, Kate Moss, Dimitrios Kambouris, Adriana Lima —, —, Bella Hadid, Alex Consani, Paloma Elsesser, Lila, Cher, Roxanne Robinson, ” Cher, Evan Agostini, Destiny’s Child, Justin Timberlake, Kanye, Barbara Palvin, Yasmin Wijnaldum, Winnie Harlow, Kendall Jenner, Alexina Graham, Naomi Campbell, Quannah, Megan Rapinoe, Priyanka Chopra Jonas, “, ”, Chantal Fernandez, Lauren Sherman, Victoria’s, Sarah Sylvester, Critics, Janie Schaffer, Liu Wen, Taylor, Victoria’s Secret’s, Tyra Banks, Law Roach, Banks, Angela Weiss, Ashley Graham —, ’ ”, ” Adriana Lima, Roy Raymond, Leslie Wexner, Reagan, ” Sherman, ” Fernandez, Heidi Klum, Gisele Bundchen, Stephen Cherrnin, Sherman, Sharleen, Brands ’, Ed Razek “, Razek, Wexner, Vogue, didn’t, Lily Aldrige, Karlie Kloss, Jeffrey Epstein, Epstein, Ashley Graham, Blackpink's Lisa Organizations: New, New York CNN, PETA, CNN, Brands, Getty, Brooklyn Navy, AP Locations: New York, Brooklyn, White, Lagos, Bogotá, London, Tokyo, American

The National Women's Soccer League unveiled the name of its 15th team Tuesday, dubbing the Boston squad BOS Nation Football Club. Boston Unity Soccer Partners is an "all-female core ownership group," led by founder of Juno Equity and minority owner of the Boston Celtics Jennifer Epstein. “It’s so important for kids to see themselves in their role models and I’m grateful to have the opportunity to support the growth of women’s soccer and sports in my hometown." BOS Nation will host home games in White Stadium, the second venue anchored by a women's professional sports team in the world, according to the team's statement. "BOS Nation FC is committed to pushing boundaries both on and off the field, signaling the enthusiasm for women’s soccer in Boston."

Persons: Boston Celtics Jennifer Epstein, Stephanie Connaughton, Ami Danoff, Anna Palmer, ” Epstein, Tom Brady, Epstein, Aly Raisman, Elizabeth Banks, Banks, “, ” Raisman, BOS Organizations: Women's Soccer League, Boston, BOS Nation Football Club, Boston University Soccer Partners, Boston Unity Soccer Partners, Juno Equity, Boston Celtics, Patriots, Celtics, Bruins, Red Sox & Patriots, Nation FC Locations: BOS, Boston, Massachusetts, White, North America

☆ New dating apps and social-networking startups are gaining steam. Read pitch decks 6 used to raise millions of dollars.
▼ + stars: | 2024-10-15 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

New social-networking and dating startups are coming onto the scene. Here are the pitch decks six startups used while raising Series A and seed rounds. Founders of these startups are tackling problems like loneliness, dating app fatigue, and general dissatisfaction with the current social-media incumbents. Meet 7 VC investors eyeing new social startupsBI spoke with several social-media and dating app founders about how they are raising capital — including the pitch decks they used to raise millions of dollars. Read the pitch decks that helped 6 social-networking and dating startups fundraise millions of dollars:Note: Pitch decks are sorted by investment stage and size of round.

Persons: —, Isabella Epstein's, Tiffany, Daybreak Ventures Rex Woodbury, Catalyst, Mervana Parekh, It's, Marlon Nichols Organizations: Service, IRL, Big Tech, Daybreak Ventures, Business, Tinder, Acrew, Mac Venture

☆ Boeing is raising $10 billion from 4 major banks — and could sell another $25 billion in securities
▼ + stars: | 2024-10-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing said it has entered a $10 billion credit agreement with four banks, it said in a filing Tuesday. In a separate filing, the planemaker said may also sell up to $25 billion in securities. AdvertisementBoeing plans to raise up to $35 billion to help steady its finances as a machinists' strike enters its fifth week. In a Tuesday regulatory filing, the planemaker said it had entered a $10 billion credit agreement with Bank of America, Citibank, Goldman Sachs, and JPMorgan Chase. Boeing also filed a prospectus stating that it may sell up to $25 billion in securities, including bonds, new shares, and stock options.

Persons: planemaker, —, Goldman Sachs, Ron Epstein, Julie Su, Sir Tim Clark, Max midflight, Dave Calhoun, Kelly Ortberg, Starliner Organizations: Boeing, Service, Bank of America, Citibank, JPMorgan Chase, Business, CNN, Anderson Economic Group, Labor, Emirates, Alaska Airlines, Space, NASA, SpaceX Locations: Seattle

☆ Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
▼ + stars: | 2024-10-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

There's no doubt about that," said Harry Katz, a professor who studies collective bargaining at Cornell University's School of Industrial and Labor Relations. Late Friday, Jon Holden, president of the striking workers' union, IAM District 751, pushed for a return to negotiations. However, unlike during the last Boeing factory strike in 2008, there is more contract work in the Seattle area to help workers fill the gaps. Slashing workforceA Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024.

Persons: Stephen Brashear, It's, Boeing machinists, Kelly Ortberg, bookends, Max, wasn't, Harry Katz, Jon Holden, Ortberg, Jennifer Buchanan, hasn't, they're, Richard Aboulafia, Ron Epstein, Nick Oxford Organizations: Boeing, Getty, Cornell University's School of Industrial and Labor Relations, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, Boeing Renton Factory, AFP, of America, Bloomberg, & $ Locations: Renton , Washington, Seattle, Friday's, underperformance, Wichita , Kansas

☆ The THAAD system the US is deploying to Israel has rarely seen combat, but its test record has been flawless since it came online
▼ + stars: | 2024-10-14 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The US is sending a Terminal High-Altitude Area Defense (THAAD) battery and American operators to Israel. THAAD is a highly advanced air-defense system that can intercept ballistic missiles. AdvertisementThe US is sending an air-defense system to Israel that has rarely seen combat but has had a flawless flight test intercept record since it became operational. US ArmyTHAAD, which is made by Lockheed Martin, is the middle tier of the US military's sophisticated ballistic missile defense network. It covers a larger area than the Patriot system but less than the Aegis Ballistic Missile Defense and Ground-based Midcourse Defense systems.

Persons: THAAD, —, Pat Ryder, Lockheed Martin, Washington, Ryder, Cory D, Payne Organizations: Defense, Pentagon, Service, US Army, Lockheed, Aegis Ballistic Missile Defense, Missile Defense, Center for Strategic, International Studies, United Arab Emirates, Houthi, Congressional Research Service, Army, Fort, US Air Force, Staff Locations: Israel, East, Yemen, South Korea, Guam, Iran, Tehran, Fort Bliss, Texas, States

☆ Tensions are rising in the Boeing strike after the planemaker filed a complaint against the union
▼ + stars: | 2024-10-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The Boeing strike is growing increasingly ill-tempered as both sides have filed NLRB complaints. AdvertisementBoeing filed a complaint on Thursday with the National Labor Relations Board against the union representing 33,000 of its workers. Rising tensions are palpable, and a longer strike would continue to hurt Boeing. AdvertisementBank of America analyst Ron Epstein estimated that the strike is costing Boeing $50 million a day. "Given that position, further negotiations do not make sense at this point," Stephanie Pope, CEO of Boeing Commercial Airplanes, told employees in an email Tuesday.

Persons: —, Ron Epstein, Boeing's, Kelly Ortberg, Stephanie Pope, Mike Fitzsimmons Organizations: Boeing, Service, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, NLRB, Bank of America, Business, Airplanes, Seattle Times, BI Locations: Seattle

☆ The US Navy is burning through missiles in the Middle East that it would need in a war with China
▼ + stars: | 2024-10-11 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +9 min

The US Navy has been burning through interceptors fighting in Middle East conflicts, including the valuable SM-3. AdvertisementUS Navy warships have twice been called upon to defend Israel from massive Iranian ballistic missile attacks and have used SM-3 interceptors to defeat the incoming threats. But it's not just the SM-3 that the Navy is using up battling foes in the Middle East. In a short-range engagement, China's missiles wouldn't need to travel as high, and they would likely have shorter flight times and travel at slower speeds. And the number of Tomahawk Land Attack Missiles, long-range cruise missiles designed by RTX, being produced has decreased annually as well.

Persons: —, RTX, Archer Macy, Fitzgerald, Bryan McGrath, it's, Yemen that's, Macy, Navy Carlos Del Toro, Del Toro, Jim Fein, Fein, Sen, Roger Wicker, Wicker, Bryan Clark, Burke, Laura Radspinner, Clark Organizations: US Navy, Service, Navy, Mitsubishi Heavy Industries, Combat, US, Iranian, Getty, Center for Strategic, Studies ' Missile Defense, Pentagon, The Heritage Foundation, Republican, Senate Armed Services Committee, Biden, Hudson Institute, Stout Locations: Middle East, China, Israel, Iran, Iranian, USS, Erie, Yemen, Gulf of Aden, Lake Erie

☆ War analysts argue the West needs to break the industries keeping Russia's deadliest guns firing before it's too late
▼ + stars: | 2024-10-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

A new analysis identified several ways that the West can disrupt Russia's artillery supply chain. Analysts said the West needs to go after Russia's foreign imports before it's too late. Despite international sanctions meant to cripple Russia's war machine, Russia has maintained an edge over Ukraine when it comes to artillery production and rate of fire. AdvertisementThe analysts at RUSI said that the West needs to disrupt the industries that are keeping Russia's deadly and destructive howitzers firing before it's too late for Ukraine. However, the analysts said, "the longer the war continues, the more Russia's dependencies on foreign suppliers will become a weakness."

Persons: —, RUSI, it's Organizations: Service, Royal United Services Institute, Russian Defense Ministry Press Service, West, US Locations: Russia, Ukraine, Moscow, China, Iran, North Korea

☆ A string of failures ended with 2 Navy SEALs drowning on a dangerous mission to intercept smuggled weapons, investigation finds
▼ + stars: | 2024-10-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Two US Navy SEALs drowned during a January raid on a vessel smuggling weapons to the Houthis. A new investigation outlines a string of failures that led to that fatal outcome. AdvertisementTwo US Navy SEALs drowned during a raid to intercept smuggled weapons off the coast of Somalia earlier this year. An investigation found that their deaths were preventable and were ultimately caused by a string of failures in the lead-up to the dangerous mission. Their names were redacted in the investigation, but the Navy has already identified them as the two SEALs who died.

Persons: —, Christopher Chambers, Nathan Gage Ingram, Adm, George M, Lewis B, Puller, Chambers, Ingram, Michael Kurilla Organizations: US Navy, Service, US Naval Forces Central Command, Command, US, Navy, Special Warfare, Warfare, Tactical Locations: Somalia, Iran, Yemen, Gulf of Aden

☆ Ukraine hit 2 Russian ammunition depots in 2 days — hammering the latest in a deep strike on a military airfield
▼ + stars: | 2024-10-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Ukraine said it struck a military airfield in Russia overnight, marking the latest deep strike. AdvertisementUkrainian forces struck an ammunition depot at a military airfield in Russia overnight, the latest in a string of long-range attacks targeting Moscow's war machine. In the past two days, the Ukrainian military has said it caused damage at a key Russian ammunition depot, a drone storage facility, and now another ammo depot at an airfield. It's unclear if the latest ammunition depot stored these weapons. pic.twitter.com/17z39WI2YI — OSINTtechnical (@Osinttechnical) October 9, 2024Ukraine has targeted several Russian ammunition depots since mid-September.

Persons: —, Khanskaya, Russia's Su, Russia's, we've, We've Organizations: Service, Khanskaya, Base, 272nd Training Aviation Base, Ukrainian, GRAU Arsenal, Institute for Locations: Ukraine, Russia, Kyiv, Republic, Adygea, Ukrainian, Maykop, Adygea Republic, Khanskaya, Russia's Bryansk, North Korea, Iran, Karachev, Bryansk Oblast, Bryansk, Russia's Krasnodar, Crimea

☆ Boeing's negotiations with union leaders break down 2 days after restarting
▼ + stars: | 2024-10-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Boeing and union leaders resumed negotiations on Monday but reached a stalemate by the end of Tuesday. AdvertisementTalks between Boeing and union leaders have broken down two days after restarting. The first offer of a 25% pay rise was overwhelmingly rejected, while the union criticized Boeing for sending its second offer to the media and not negotiating with union leaders. "The company was hell-bent on standing on the non-negotiated offer," the union negotiating committee for IAM District 751 said on Tuesday. The IAM District 751 negotiating committee also said it "remains ready to continue mediated or direct talks."

Persons: —, Stephanie Pope, Pope, Ron Epstein, Jon Ostrower, Kelly Ortberg Organizations: Boeing, Bank of America, Service, International Association of Machinists, Aerospace Workers, IAM, The, Alaska Airlines Locations: Seattle, Pacific

But Pennsylvania stands apart as the state that top strategists for both Ms. Harris and Mr. Trump have circled as the likeliest to tip the election. There are struggling industrial towns where Mr. Trump needs to maximize his vote, and smaller cities booming with Latino immigrants where Ms. Harris aims to make gains. Mr. Trump won the county in 2016 by 19 percentage points, only four years after Mr. Obama carried it narrowly. One X factor is the regional impact of the assassination attempt on Mr. Trump in Butler County. “You guys don’t know what the hell it is,” Mr. Trump said of the tax break.

Persons: Donald J, Trump, Kamala Harris, Barack Obama’s, Harris, ” Mr, Trump’s, ”, Austin Davis, JD Vance, Sean Hannity, Melania Trump, Harris’s, Doug Emhoff, Jason Isbell, “, Cliff Maloney, Haiyun Jiang, Davis, Josh Shapiro, Shonda Rhimes, Beth Hendrix, Bullishness, Doritos, Nick’s, Maddie McGarvey, Obama, Elon Musk, Abraham Reynolds, Butler, Reynolds, Mr, Michael Swensen, Andrzej Duda, fracking, Kenneth Broadbent, Broadbent, Tim Walz, Erin Schaff, Dan Kanninen, Ama Sarpomaa Organizations: Electoral, White, Pennsylvania, White House, Republican Pa, Mich, Wis ., N.C ., Democrat Republican Pa, Trump, Democratic, Fox News, Hispanic Heritage, Republican, Pennsylvania Chase, Democratic National Convention, The New York Times, Democrat, Pittsburgh Steelers, cheesesteaks, State Legislature, The New York, The New York Times Democrats, Senate, Republicans, Steamfitters, ., Google Locations: Pittsburgh, Philadelphia, United States of Pennsylvania, Pennsylvania, Michigan, Wisconsin, America, White, Ohio, Scranton, Reading, Wilkes, Barre, Illinois, Johnstown, Moon Township, Kittanning, Pa, Bucks County, Luzerne County, Butler County, North East, Butler, Ukraine, Polish, Minnesota, Rochester, Indiana, Indiana County, “, Puerto Rican, Dominican

☆ Trump versus Harris: What the November election means for defense stocks
▼ + stars: | 2024-10-09 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

No matter who voters choose, whether it is former President Donald Trump or Vice President Kamala Harris , Liwag doesn't expect a meaningful shake-up in the outlook for defense stocks. Still, the analyst notes that even cases where an administration cuts defense spending, stocks can still carve out gains. During the Obama administration, the defense budget fell 3.3%, but defense stocks gained 2.1%. The defense stocks Morgan Stanley covers have outperformed the S & P 500 since Russia's invasion of Ukraine, Liwag said. "Historically, the conventional wisdom has been that Republicans are positive for defense spending and defense stocks, while Democrats are negative," Harned said.

Persons: Bernstein, Douglas Harned, Lockheed Martin, Morgan Stanley, Kristine Liwag, Donald Trump, Kamala Harris, Liwag, Bernstein's Harned, Harned, Harris, Wolfe Research's, Tobin Marcus, Marcus, Ronald Epstein, Epstein, Trump, Northrop, Obama, Northrop Grumman, Morgan Stanley's, Michael Ciarmoli, Truist, Leonardo Organizations: P Aerospace, Defense, Industry, L3Harris Technologies, Lockheed, CNBC, " Bank of America, Democratic, Senate, Republican, U.S . House, Trump White House, Republican Senate, Trump, Abrams, Space Force, Northrop Grumman, General Dynamics, Hamas, Dynamics, Northrop, Gulfstream, Leonardo DRS, Moog, Republicans Locations: Ukraine, U.S, Russia, Crimea, Iran, Israel

☆ Ukraine says it struck a Russian ammo depot where North Korean weapons and devastating glide bombs were stored
▼ + stars: | 2024-10-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukraine said Wednesday it carried out a drone attack on a key Russian ammunition depot overnight. AdvertisementThe Ukrainian armed forces said that it carried out a drone strike on a major Russian ammunition depot overnight. The Russian military is said to have stored missiles and artillery shells, including munitions from North Korea, and highly destructive glide bombs at the targeted arsenal. Business Insider couldn't independently verify the video details or claims about the Ukrainian attack. Hundreds of secondary explosions have been reported at the key Russian ammunition dump, reportedly housing North Korean munitions.

Persons: —, couldn't, GRAU, tI1UUVCKzB, KvJBo2F6nn, Maria Avdeeva Organizations: Service, GRAU Arsenal, Unmanned Systems Forces, Arsenal, Missile and Artillery Directorate Locations: Ukraine, Russia, Russian, Karachev, Russia's, Bryansk, North Korea, Moscow, Kyiv

☆ Diddy files bail appeal, saying he's no Jeffrey Epstein, Ghislaine Maxwell, or Keith Raniere
▼ + stars: | 2024-10-09 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Lawyers for Sean Combs filed his bail appeal on Tuesday night. AdvertisementLawyers for Sean "Diddy" Combs filed his bail appeal on Tuesday night — citing Jeffrey Epstein, Ghislaine Maxwell, and NXIVM cult leader Keith Raniere as examples of sex offenders whose denials of bail were clearly explained and justified, unlike his own. In US v Epstein, US v Maxwell, and US v Raniere, "the detention orders were supported by detailed factual findings and explicit weighing of the 3142(g) factors," the appeal read. Related stories"Mr. Combs believes the evidence will show that to the extent such activities occurred, all individuals who participated were adults voluntarily engaged in consensual sex," Combs lawyers wrote Tuesday. Prosecutors will reply to Combs' appeal before a decision is made.

Persons: Sean Combs, Combs, —, Sean, Diddy, Jeffrey Epstein, Ghislaine Maxwell, Keith Raniere, Epstein, Maxwell, Raniere, Cassie Ventura, Ventura, Alexandra A, Shapiro, Arun Subramanian Organizations: Service, of Appeals, Second Circuit, Maxwell, CNN, Prosecutors Locations: Brooklyn, Manhattan, Epstein, California, New York, Miami

☆ Some stocks could see further downside as investors sell to save on taxes, Morgan Stanley found
▼ + stars: | 2024-10-08 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Some of the biggest losing stocks in 2024 could be in for even steeper declines as investors jettison them to save on taxes, according to Morgan Stanley. Such moves, known as tax loss harvesting, helps investors trim their tax bills the next year. Boeing pressure Beleaguered aerospace company Boeing was also called out by Morgan Stanley as likely to see pressure tied to tax loss selling. Morgan Stanley also called out oil service giant Halliburton . Other names on Morgan Stanley's list include Chord Energy , Simply Good Foods and timeshare operator Hilton Grand Vacations .

Persons: Morgan Stanley, Michelle Weaver, Morgan, Jackson Ader, Ronald Epstein, who's, Epstein, Keith Mackey Organizations: Nasdaq, Wall, Computer, Adobe, Boeing, Alaska Airlines, Bank of America, Aerospace, Defense, Halliburton, RBC Capital, HAL, Energy, Hilton Locations: Alaska, Seattle

☆ The cost of Boeing's strike keeps rising as talks continue
▼ + stars: | 2024-10-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing is set to resume negotiations with union bosses on Monday. Thousands of members of the IAM union have been on strike since September 13. A group of Bank of America analysts, led by Ron Epstein, estimated that the strike was costing Boeing $50 million a day. Some 33,000 Boeing workers represented by the International Association of Machinists and Aerospace Workers have been on strike since September 13. Nearly 95% of union members voted against Boeing's initial offer of a 25% pay rise across the four-year contract.

Persons: —, Ron Epstein, Kelly Ortberg, Boeing's Organizations: Boeing, Analysts, IAM, Service, Bank of America, International Association of Machinists, Aerospace Workers, Reuters, Business Insider

☆ Russia's apparent loss of one of its new heavy Hunter drones over Ukraine could be an intelligence win for Kyiv and the West
▼ + stars: | 2024-10-07 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The suspected drone crashed in eastern Ukraine, but the cause is still unknown. Russia hasn't built very many of the S-70 Okhotnik-B (Hunter) drones, which made their combat debut during the ongoing Ukraine war. AdvertisementUkrainian service members inspect parts of a Russian S-70 drone in eastern Ukraine on October 5. AdvertisementRussia's S-70 drone is seen taking off at an unidentified location in August 2019. AdvertisementUkrainian scene investigators examine the suspected S-70 wreckage in eastern Ukraine on October 5.

Persons: —, Russia hasn't, Nuzhnenko, Russia's, AP Samuel Bendett, Bendett, ROMAN PILIPEY, Hunter, Lockheed Martin Organizations: Service, Kyiv, NATO, Radio Free, Radio Liberty, Institute for, Russian Defense Ministry Press Service, AP, Center for Naval Analyses, Business, Getty, Lockheed Locations: Russia, Ukraine, Moscow, Kostyantynivka, Ukraine's Donetsk, Russian, Radio Free Europe, AFP

☆ Russia may have lost a rare drone over Ukraine — and it could be an intelligence win for the West
▼ + stars: | 2024-10-07 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The suspected drone crashed in eastern Ukraine, but the cause is still unknown. Losing one is not only a blow for Russia; it could be a big intelligence win for the West. AdvertisementUkrainian service members inspect parts of a Russian S-70 drone in eastern Ukraine on October 5. AdvertisementRussia's S-70 drone is seen taking off at an unidentified location in August 2019. AdvertisementUkrainian scene investigators examine the suspected S-70 wreckage in eastern Ukraine on October 5.

☆ Ukraine appears to be beating Russia in the drone production race
▼ + stars: | 2024-10-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukraine and Russia have boosted domestic drone production efforts to meet front-line needs. AdvertisementThe stunning rise of drone warfare has pushed Ukraine and Russia to boost their respective domestic efforts to produce unmanned systems, kicking off a high-stakes race to out-manufacture the other. By contrast, Russian President Vladimir Putin said last month that Moscow intended to ramp up drone production tenfold to around 1.4 million a year, noticeably less than its neighbor. Although more traditional military drones are active. The demand for more unmanned systems has pushed Ukraine and Russia to increase their domestic drone output to keep up with battlefield requirements — setting the stage for an unprecedented arms race.

Persons: —, Volodymyr Zelenskyy, Zelenskyy, Vladimir Putin, Diego Herrera Carcedo Organizations: Service, Kyiv, International Defense Industries, Getty, Institute for Locations: Ukraine, Russia, Kyiv, Russian, Moscow, Anadolu, Europe

☆ The US Navy is battling 'the best Iranian technology' in the Red Sea and changing how it fights to beat it, admiral says
▼ + stars: | 2024-10-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

America's top naval officer said the Houthis are using some of "the best Iranian technology" in their fight. Adm. Lisa Franchetti said the Navy is changing the way it fights to defeat these threats. AdvertisementThe US Navy has been battling the Houthis and some of Iran's best weaponry in the Red Sea and changing some of the ways it fights to defeat them, America's top naval officer said this week. The USS Dwight D. Eisenhower sails in the Red Sea in June. This assistance has continued during the Red Sea conflict.

Persons: Houthi, Adm, Lisa Franchetti, —, Franchetti, Dwight D Organizations: US Navy, Service, US, Wednesday Defense, Eisenhower, AP, Defense Intelligence Agency, Aviation, Navy Locations: Yemen, Iran, Gulf of Aden, Red, Tehran, Ukraine, Kyiv

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