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☆ PS5 Pro: Sony unveils faster, more powerful PlayStation console, pre-orders to begin September 26
▼ + stars: | 2024-09-11 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

The PS5 Pro will go on sale on November 7 at $700, about 40% more expensive than the PS 5 when it launched in 2020, Sony said on Tuesday. The newest console will have much more powerful computing power, allowing up to 45% faster rendering for game play, Mark Cerny, lead architect for PS5 Pro revealed in a video presentation. “Simply put, it’s the most powerful console we’ve ever built,” he said. Sales of the PS5 have lagged behind its predecessor, the PS4, of which more than 114 million units had been sold since its launch in 2013. The PS4 had dominated the gaming world and far outpaced its rival Xbox One developed by Microsoft Gaming.

Persons: Mark Cerny, ” Organizations: CNN, Sony, Reuters, Xbox, Microsoft Gaming

☆ How Russia’s Steady Advance Threatens Ukraine’s East
▼ + stars: | 2024-09-11 | by ( Josh Holder | Andrew E. Kramer | ) www.nytimes.com time to read: +6 min

Held by Russia Kyiv UKRAINE PokrovskHow Russia’s Steady Advance Threatens Ukraine’s EastRussia is closing in on a key city in Ukraine’s East in one of the fastest advances for its military since the early days of the war. RUSSIAN ADVANCES Myrnohrad Rail lines Pokrovsk Hrodivka Ocheretyne Russian forces are closing in on a key rail and road hub. Novohrodivka Russian gains since June 1 Held by Russia before June 1 Selydove Avdiivka Russian advances are threatening to encircle Ukrainian troops here. Front line on June 1 RUSSIAN ADVANCES Pokrovsk Novohrodivka Russian gains since June 1 Selydove Rail lines Russian advances are threatening to encircle Ukrainian troops here. Front line on June 1 RUSSIAN ADVANCES Pokrovsk Hrodivka Novohrodivka Russian gains since June 1 Selydove Rail lines Russian advances are threatening to encircle Ukrainian troops here.

Persons: Selydove, Myrnohrad, Avdiivka, Pokrovsk, Pokrovsk Hrodivka, Chasiv Yar, Bakhmut, Yar, DONBAS, Vladimir V, Putin Organizations: Russia Kyiv, Donetsk, American, Planet Labs, Institute for, Russia Kharkiv Locations: Russia, Russia Kyiv UKRAINE, Ukraine’s East, Pokrovsk, Ukraine, Russian, Kurakhove, Chasiv, Kursk, Russia Kharkiv Russia, Avdiivka Donetsk

☆ CEO of property firm Damac expresses concerns over 'expensive' Dubai
▼ + stars: | 2024-09-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

DUBAI, United Arab Emirates — Dubai's property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. For Hussain Sajwani, chairman of Dubai property giant Damac, that spells both good and bad news. "What concerns me a little bit in Dubai is that [it's] becoming an expensive city, and I've said this in the past, that Dubai [is] going to be [an] expensive city. The latest Dubai property market numbers tell a story of burgeoning demand. In July of 2024, property sales reached 49.6 billion dirhams ($13.5 billion), a 31.63% increase from the same period in 2023, according to locally-based brokerage firm Elite Merit Real Estate.

Persons: Hussain Sajwani, I've, Sajwani, CNBC's Dan Murphy Organizations: United Arab Emirates, United, Real Locations: DUBAI, United Arab, United Arab Emirates, Dubai, Riyadh

☆ Don't count on mortgage rate relief to unlock the housing market, says Zillow's chief economist
▼ + stars: | 2024-09-11 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

But while mortgage rates are one piece of the housing crisis puzzle, don't expect mortgage-rate relief to fix the locked-up housing market, according to Zillow's Chief Economist Skylar Olsen. In fact, she thinks falling mortgage rates could have a long-term effect of locking up the housing market even more. If more people are able to afford houses but existing owners aren't selling, then the housing market will remain frozen. As a result, mortgage rate relief might temporarily open up the housing market, but any relief is likely to be short-lived. Until then, don't bank on lower mortgage rates to unlock the housing market.

Persons: —, Skylar Olsen, Olsen, Freddie Mac Organizations: Service, Business, Olsen Locations: Jackson, skyrocketing

☆ These are the top tech picks of UBS for rest of year, including an Nvidia alternative
▼ + stars: | 2024-09-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Some tech stocks are due for outperformance heading into year's end, according to UBS. Nvidia dragged other chip stocks down with it, with the VanEck Semiconductor ETF (SMH) suffering its worst day since March 2020. Wall Street is also bullish on the chipmaker, with 41 of the 50 analysts covering the name issuing a strong buy or buy rating, according to LSEG. In the IT hardware and electronics manufacturing services sector, UBS named Dell Technologies , given a PC refresh cycle and developing strength in AI optimized servers. UBS has a buy rating on the stock, and its target implies more than 48% upside from Tuesday's close.

Persons: chipmaker, Timothy Arcuri, Palantir, monetization Organizations: UBS, Nvidia, VanEck Semiconductor, Devices, AMD, Dell Technologies, DELL, P Global, Dell, Spotify

☆ Ukraine uses ‘dragon drones’ to spew fiery substance on Russia’s frontlines
▼ + stars: | 2024-09-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +6 min

Russia’s invasion of Ukraine has long conjured images of war that Europe thought had been consigned to the history books. Several Ukrainian military units have shared videos of these drones in action in recent days. Ukraine’s 108th separate mountain assault battalion shared another video over the weekend, saying that its drone pilots had flown the “dragon drones” over Russian positions. Video purportedly shows a Ukrainian "dragon drone" shared on Telegram by Zelenskyy's chief adviser Andriy Yermak on Monday. They also include at least one instance of the fiery drones being used in Russia’s border Kursk region, which Ukrainian troops invaded last month, he said.

Persons: ”, Volodymyr Zelenskyy’s, Andriy Yermak, It’s, “, ” James Patton Rogers, Emil Kastehelmi, Kastehelmi, Rogers, Justin Bronk Organizations: Kyiv, Moscow’s, Ukrainian, Mechanized Brigade, NBC News, NBC, Cornell Brooks School Tech Policy Institute, Telegram, Bird Group, ”, Armed Forces of, Russian, Royal United Services Institute Locations: Ukraine, Europe, New York, Ukrainian, Finland, Russian, Zaporizhzhia, Donetsk, Kharkiv, Russia’s, Kursk, Armed Forces of Ukraine, British, Moscow

The number of pregnant women forced to travel farther to deliver their babies — or go without prenatal care entirely — is growing. A March of Dimes report published Tuesday found that over a third of U.S. counties (35.1%) are what the group calls “maternity care deserts,” meaning they don't have a single doctor, nurse, midwife or medical center specializing in maternity care. During 2021 and 2022, about 1 in 25 hospital maternity wards closed, the report found. States in which pregnant women had to travel the farthest to seek medical maternity care included Alaska, Hawaii and Montana. The closest place with maternity care was two hours away from her home in Montana.

Persons: “ It’s, ”, Ashley Stoneburner, ” Stoneburner, “, There’s, Roe, Wade, “ There’s, Tracey Wilkinson, “ We’re, Vania Biglefthand, Biglefthand Organizations: Dimes, National Center for Health Statistics, Commonwealth, OB, Indiana University School of Medicine Locations: States, Midwest, Arkansas , Missouri , Oklahoma, Alaska, Hawaii, Montana, Colstrip , Montana, Billings

☆ What Trump and Harris’ economic proposals mean for you
▼ + stars: | 2024-09-10 | by ( Elisabeth Buchwald | Matt Egan | ) edition.cnn.com time to read: +9 min

Here’s a look at what could happen to inflation, jobs and the deficit if Trump or Harris win in November. That, among other things, would keep the top tax rate individuals pay at 37% compared to 39.6% before it went into effect. Meanwhile, the tax proposals Harris has put forth so far mostly involve imposing higher taxes, which would have a positive impact on the deficit. For instance, she’s endorsed raising the top individual income tax rate to 44.6% and the top long-term capital gains tax rate to 28% versus the current 20%. Taken together, the Penn Wharton Budget model estimates Harris’ proposals could increase the deficit by an additional $1.2 trillion by 2034.

Persons: Kamala Harris, Donald Trump, Harris, Goldman Sachs, Trump, Warwick McKibbin, Goldman, she’s, ”, Justin Wolfers, Kevin Dietsch, He’s, Elon Musk, She’s, Joshua Gotbaum Organizations: New, New York CNN, Labor Department, Trump, Peterson Institute for International Economics, Gross, University of Michigan, CNN, Federal Reserve, Treasury Department, Wharton Budget, Social Security, Penn, Wharton Budget Model, Penn Wharton Budget, Brookings Institution Locations: New York, United States, Penn

☆ After success in Paris, Los Angeles looks to elevate Olympic Games in 2028
▼ + stars: | 2024-09-10 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

Karen Bass, Mayor of Los Angeles, waves the Olympic flag as Thomas Bach, President of International Olympic Committee, applauds during the Closing Ceremony of the Olympic Games Paris 2024 at Stade de France on August 11, 2024 in Paris, France. After a successful 2024 Olympics and Paralympics in Paris, the bar has been set high for the next summer Games in Los Angeles in 2028, something that key stakeholders in that event say the city will be ready for. LA 2028 President Casey Wasserman attended the Paris Games, an event that he told Ross Sorkin "reminded people why they fall in love with the Olympics," and one he said organizers will look to build upon in Los Angeles. Wasserman said Los Angeles got a glimpse of that with the Olympic Torch handover ceremony, when Tom Cruise scaled the Hollywood Sign and the Olympic Rings replaced the "OO"'s in the sign — which Wasserman noted was done with CGI. Actress Jessica Alba, who is on the Los Angeles 2028 board of directors, said the Games will present all different aspects of the city's culture, from Hollywood to fashion to food, as "a global platform to showcase what they got."

Persons: Karen Bass, Thomas Bach, Los Angeles Mayor Karen Bass, CNBC's Andrew Ross Sorkin, Bass, Casey Wasserman, Ross Sorkin, Wasserman, Tom Cruise, Jessica Alba, Alba Organizations: International Olympic Committee, applauds, Olympic Games, Stade de France, Los Angeles Mayor, CNBC, Paris Games, Los Angeles Games, Los, Olympic Rings, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Los Angeles, Paris, France, Angeles, Hollywood, U.S

☆ Sony unveils upgraded PlayStation 5 Pro to boost slowing console business
▼ + stars: | 2024-09-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Sony on Tuesday announced the PlayStation 5 Pro, an upgraded version of its gaming console that will launch on Nov. 7 for $700. The arrival of Sony's refreshed PS5 console comes amid a global decline in console sales. The PS5 Pro features "advanced" ray tracing, a technique in computer graphics that simulates how light bounces off reflective surfaces. Sony said the PS5 Pro features a 2-terabyte solid-state drive, larger than the custom-built 825 GB solid-state drive featured in the PS5. Sony said several games will have "PS5 Pro Enhanced" designation with features that work on the new console.

Persons: Alan Wake Organizations: Sony, Tuesday, PlayStation, Wireless, Turismo

☆ The plot to topple Putin
▼ + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com time to read: +32 min

But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.

Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, —, Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia

☆ Another US amphibious warship is out of commission as mechanical failures continue to plague the Navy's fleet
▼ + stars: | 2024-09-09 | by ( Konstantin Toropin | ) www.businessinsider.com time to read: +6 min

Several hours later, the Iwo Jima was spotted coming back to Norfolk . Sailors and Marines wash the flight deck of USS Iwo Jima. A fleet of MV-22 Osprey aircraft is seen on the flight deck of USS Iwo Jima while at anchor at a port in northern Israel. AdvertisementMilitary helicopters are seen on the flight deck of USS Iwo Jima during a NATO exercise. JONATHAN NACKSTRAND/AFP via Getty ImagesSince then, both Franchetti and the current leader of the Marine Corps, Gen. Eric Smith, have tried to present a more unified front on the issue .

Persons: —, Cmdr, David Carter, Carter, AirAssets, Military.com, Dominick A, Boxer, Lisa Franchetti, ACK GUEZ, David Berger, Berger, JONATHAN NACKSTRAND, Eric Smith, Smith Organizations: Service, Navy, Naval Surface Force, Naval, Business, Marine Corps, Iwo Jima, Sailors, Getty, USS Wasp, Iwo, Boxer, Marine, Marines, House Armed Services Committee, Geographic, Forward Deployed Naval Forces, United States Navy Locations: Norfolk, Iwo Jima, Virginia, Iwo, Israel, AFP, Turkey, Sudan, NATO, East Coast, West Coast, Japan

☆ Developer Michael Shvo plans bulk sale of Mandarin Oriental condos after default
▼ + stars: | 2024-09-09 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

Read previewMichael Shvo, who shot to prominence in recent years buying billions of dollars of trophy real estate assets, has defaulted on the debt connected to a luxury condo building in Los Angeles. The site was purchased in 2019 by a group of investors that included Shvo, Bilgili Group, and Deutsche Finance. It has hired the real estate services firm Newmark to market the offering to investors and arrange a transaction. AdvertisementShvo purchased $3 billion of prominent real estate assets, including the Transamerica Pyramid building in San Francisco and 711 Fifth Ave. in Manhattan. In previous statements, a spokeswoman explained that BVK's investments with Shvo were handled through intermediaries, including Deutsche Finance and another German financial firm, Universal Investment.

Persons: —, Michael Shvo, –, Serdar, Newmark, Shvo, BVK Organizations: Service, Los, Los Angeles Recorder's Office, Acore, Beverly, Business, Bilgili, Deutsche Finance, Bayerische, Bilgili Group, Shvo, BVK, Biligili, Core, Universal Investment Locations: Los Angeles, Beverly Hills, Munich, San Francisco, Manhattan, Beverly, New York

☆ Maui could soon ban some Airbnbs. Short-term rental owners say it will be financially devastating for them.
▼ + stars: | 2024-09-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +9 min

When researching the properties, he confirmed their tax status as short-term rentals on the county site. Jason Gobey, another short-term rental owner, told BI he researched and spoke to real-estate agents as well as others before buying his one-bedroom condo in Kihei in 2019. He also said he confirmed the property's tax status as a short-term rental and had no idea there could be an issue with it. Though some of the Minatoya List properties will likely be converted to long-term rentals, Church said it is not financially feasible for him. But the benefit of adding the Minatoya List properties to the housing stock is that they are already built.

Persons: —, Andrew Church, Mario Tama, Richard Bissen, Church, Jason Gobey, Gobey, Smith, Justin Tyndall, Tyndall, that's, it's Organizations: Service, Business, Church, Owners, Maui, Maui Planning, University of Hawaii Locations: Maui, Lahaina, Barcelona, New York City, South Maui, West Maui, Kihei, Arizona, Manoa

☆ Ukraine’s military is struggling with low morale and desertion
▼ + stars: | 2024-09-08 | by ( Ivana Kottasová | Kostya Gak | ) edition.cnn.com time to read: +13 min

Standing outside that office, chain smoking and drinking sweet coffee, he told CNN he just couldn’t handle watching his men die anymore. They see a lot of enemy drones, artillery and mortars,” one unit commander currently fighting in Pokrovsk told CNN. A group of Ukrainian soldiers rests after completing a long mission in Russia's Kursk region. Several commanders told CNN that many officers would not report desertion and unauthorized absences, hoping instead to convince troops to return voluntarily, without facing punishment. During recent leave in Kyiv, Horetskyi told CNN that while his role has existed for a while, it consisted mostly of paperwork.

Persons: Ukraine CNN — Dima, Dima, he’d, Pokrovsk, “, didn’t, can’t, Ivana Kottasova, ”, Andryi Horetskyi, Chasiv Yar, Serhiy Tsehotskiy, Horetskyi, Vitalii, Vladimir Putin, –, Volodymyr Zelensky, Ukraine’s, Oleksandr Syrskyi, …, ” Horetskyi, “ I’ve Organizations: Ukraine CNN, CNN, Motorized Infantry Brigade, Administrative Services Center, Ukraine’s, Kyiv, Dima’s Locations: Pokrovsk, Sumy, Kyiv, Ukraine, Russia, Russia's Kursk, Ukrainian, Ukraine’s Donetsk, Luhansk, Dnipro, Russian, Donetsk, Russia’s Kursk, Kursk, Moscow, Donetsk region, “

☆ The battle of Kursk hinges on the Russian railroad
▼ + stars: | 2024-09-08 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Related storiesExactly how overloaded the Russian rail network may be isn't clear. Despite the humiliation of foreign troops occupying Russian soil, Russian forces continue to grind forward in bloody attacks at places such as Pokrovsk, in the Donetsk region. Relying on trucks would require an extraordinary number of vehicles, so it seems likely that Russian forces at Kursk will require multiple railheads that depend on a limited number of railroad bridges. However, Ukraine has captured data about the Russian railway system, which will make it easier to disrupt operations, Fraser noted. Barros believes that Ukraine could seriously disrupt Russian rail traffic and logistics if the US would lift those restrictions.

Persons: —, We've, George Barros, ZwsdIWSBwg, — Rob Lee, Ben Hodges, Kyiv's, Barrow, Oleg Palchyk, Callum Fraser, Fraser, Biden, Barros, Michael Peck Organizations: Service, Business, Belarusian, Moscow Railway, Moscow Railways, Russian Railways, Study, UR, 101st Airborne Division, US Army, Interior Ministry, FSB, Kremlin, Getty, Britain's Royal United Services Institute, Ukraine, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Los Angeles, Russia, railheads, Kursk, Russian, Orel, Belarus, Smolensk, Moscow, Ukrainian, Washington, Belgorod, Europe, Ukraine, Donetsk, Bryansk, Russia's Kursk, Kharkiv, Leningrad, Oryol, Voronezh, Forbes

☆ Video: Ukraine tests ‘Dragon drone’ that can ‘rain molten metal’ on Russian units
▼ + stars: | 2024-09-07 | by ( Frederik Pleitgen | ) edition.cnn.com time to read: 1 min

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☆ A Swiss city cut red tape and ended up with many more homes. It's a model for the US.
▼ + stars: | 2024-09-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Read previewAs part of her housing policy agenda, Democratic presidential nominee Kamala Harris has promised to "cut red tape and needless bureaucracy" to build millions of additional homes and bring down costs. Zurich, Switzerland offers the latest model. AdvertisementApartment buildings behind farm houses in Affoltern, just outside Zurich, Switzerland. One of the study's key findings is, "if you upzone, upzone a lot," said Simon Büchler, coauthor of the study and an assistant professor of finance at Miami University. A whopping 64% of Swiss residents live in apartments, compared to just 28% of US residents, and the country also has an especially comprehensive and well-connected public transportation network.

Persons: —, Kamala Harris, Michael Buholzer, Simon Büchler, upzoning, Büchler, Christian Hartmann, Matthew Maltman, who's, There's, Maltman Organizations: Service, Democratic, Business, Miami University, Reuters Locations: Zurich, Switzerland, Swiss, Canton of Zurich, Affoltern, New Zealand, Küsnacht, Lake Zurich, Canada, Europe, Australian

☆ Google's second antitrust trial could help shape the future of online ads
▼ + stars: | 2024-09-06 | by ( Jennifer Elias | Jennifer Covers Google Parent Company Alphabet Inc. | Silicon Valley Culture For Cnbc.Com In San Francisco. | ) www.nbcnews.com time to read: +8 min

For Google, the focus turns to its ad tools, which are part of the company’s $200 billion digital ad business. In the first antitrust case, the court found that Google violated Section 2 of the Sherman Act, which outlaws monopolies. The company’s M&A strategy “set the stage for Google’s later exclusionary conduct across the ad tech industry,” the Justice Department alleges. Google has long fought back against claims that it dominates online ads, pointing to the market share of competitors including Meta. It will argue that buyers and sellers have many options especially as the online ad market has evolved.

Persons: Biden, Donald Trump, Meta, Sherman, Goldman, Bernstein, Amit Mehta, ” Mehta, Google’s, Neal Mohan, Mohan, it’s, AdMeld, Jerry Dischler, It’s, Sissie Hsiao, Scott Sheffer, Prabhakar Raghavan, Simon Whitcombe Organizations: Department of Justice, Google, Microsoft, Big Tech, DOJ, Apple, Federal Trade Commission, Facebook, Amazon, Citibank, NYSE, New York Stock Exchange, YouTube, Google Network, U.S, District of Columbia, Department, DoubleClick, Meta, Stanford, Harvard, New York Times Locations: Alexandria , Virginia, California , Colorado , Connecticut , New Jersey , New York, Rhode Island and Tennessee, Google’s

☆ The US Navy sacked a destroyer captain after a persistent steering problem led to a Middle East near-miss
▼ + stars: | 2024-09-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

Read previewThe US Navy sacked the captain of a deployed warship after an unresolved steering problem resulted in a near-miss incident in the Middle East, according to a command investigation reviewed by Business Insider. But the command investigation said Yaste was relieved after the McCain lost steering during a July fuel replenishment that damaged a Navy oiler. The troubled destroyer remained at sea, and the command investigation said there was no evidence any notable troubleshooting efforts occurred after July 9. The August command investigation found that McCain crewmembers made a variety of mistakes, including failing to follow loss-of-steering procedures or communicating sufficiently between controlling stations. AdvertisementThe Navy has not publicly disclosed what happened with the McCain or acknowledged the steering issues during the deployment.

Persons: —, Theodore Roosevelt Carrier, Cmdr, Cameron Yaste, Arleigh Burke, John S, McCain, Yaste, it's, Ryo Isobe, Declan Barnes, It's, Horn, Kevin Tang Organizations: Service, US Navy, Business, Theodore Roosevelt Carrier Strike Group, Navy, McCain, BI, Iranian, US, Engineers, Big, United Arab Locations: Bahrain, Big, Big Horn, United Arab Emirates

☆ We built a $250,000 ADU for our adult son in our backyard. He gets the support he needs, and it's cheaper than finding an apartment.
▼ + stars: | 2024-09-06 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

The kind of support Jacob needs, including having someone available 24 hours a day, is upward of $9,000 a month. With this in mind, we knew we could not afford to have Jacob living in the facility. So, my wife and I instead considered building an accessory dwelling unit (ADU) in our backyard. One of these, Independent Living Services (ILS), provides a set number of hours a week for in-home assistance with Jacob. After moving out, he qualifies for Supported Living Services (SLS), which expands the number of hours he can get in-home support.

Persons: —, Todd Kuchta, Jacob, we've, He's, Nicholas Miller, it's, Jacob's, Witnesses, Villa, Nicholas Miller Jacob Organizations: Service, Business, Autism, Villa, Redwood Credit Union, Raiders, Oakland, Living Services, Support Services Locations: Napa , California, Napa, California, Napa County

☆ Dell and Palantir to join S&P 500; shares of both jump
▼ + stars: | 2024-09-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Dell and Palantir both jumped about 7% in extended trading Friday after S&P Global announced that the companies would join the S&P 500 index. Software maker Palantir will take the place of American Airlines , and Dell is replacing Etsy , according to a statement. Dell told investors Aug. 29 that it saw $3.2 billion in AI server demand in the quarter ended Aug. 2, up 23% from the prior quarter. Palantir has a market cap of over $67 billion, while Dell is valued at over $72 billion. In an early Friday email, the Bank of America trading desk named Workday among its top candidates for S&P inclusion, alongside Palantir.

Persons: Dell, Palantir, Michael Dell, Lake, Alex Karp, it's, Karp, — CNBC's Ari Levy Organizations: P Global, American Airlines, Dell, Micro Computer, New York Stock Exchange, New York Times, Bank of America, & ' $

☆ The organizers of a January 6 awards gala claim Trump's song with riot defendants' prison choir 'went Platinum.' It didn't.
▼ + stars: | 2024-09-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewIf the indefinitely postponed J6 Awards Gala ever happens, one very special attendee will be in for a treat. Advertisement"Released on March 3, 2023, this song quickly went Platinum, thanks to your unwavering support," the website says. The RIAA website that catalogs gold and platinum-certified songs does not include any music from Donald Trump nor from the J6 Prison Choir. The J6 Awards Gala promises to auction off a plaque commemorating the "Platinum status" of Donald Trump's musical single. It isn't clear if Ronald McAbee is a member of the J6 Prison Choir.

Persons: —, Donald Trump, President Trump, There's, Erin Burr, Donald Trump's, Mac Miller —, Rae Sremmurd, Forbes, Ed Henry, Trump, Rudy Giuliani, Peter Navarro, Sarah McAbee, Ronald McAbee, Rudolph Contreras, Contreras, Sarah McAbee didn't Organizations: Service, Business, Republican, Recording Industry Association of America, RIAA, J6, Trump, BI, Billboard, Fox, White House, New York Times, Capitol Locations: Washington, DC, Bedminster, New Jersey, Tennessee

☆ Ukraine's wild fire-breathing drones have started popping up all around the front lines, videos show
▼ + stars: | 2024-09-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementEastern Ukraine, a Ukrainian drone drops molten thermite on a Russian-held treeline, setting it ablaze. Seen here, a Ukrainian drone from the 60th Mechanized Brigade drops a stream of molten thermite on a Russian-held treeline. Ukrainian thermite drones have hit the frontline in force, now in operation with several units. Seen here, a Ukrainian drone from the Khorne Group drops molten thermite on Russian positions in a forest, setting the area ablaze. pic.twitter.com/RPFo7gHW7f — OSINTtechnical (@Osinttechnical) September 4, 2024Business Insider was unable to immediately verify the footage.

Persons: — Organizations: Service, Business, Ukrainian, 108th Territorial Defense Brigade, 60th Mechanized Brigade, 116th Mechanized Brigade, Khorne Locations: Ukraine, Ukrainian, Russian, Russia, Kyiv, Moscow

☆ Nvidia is suddenly in trouble
▼ + stars: | 2024-09-04 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —Nvidia, the AI chipmaking titan that was briefly the world’s most valuable company, has suddenly found itself in an unfamiliar position: a major rut. Nvidia (NVDA) had the worst day in the history of the stock market Tuesday, as measured by loss in total market value. To put that shocking decline into context, only 27 companies on the planet are worth as much as Nvidia lost in value Tuesday. That’s why bulls like Wedbush’s Dan Ives believe Nvidia’s stock decline presents a buying opportunity. – CNN’s Ramishah Maruf contributed to this reportCorrection: Correction: An earlier version of this story incorrectly described TSMC's relationship with Nvidia.

Persons: Jensen Huang, ”, Biden, Kamala Harris, Donald Trump, Huang, Blackwell, “, ” Huang, Wedbush’s Dan Ives, ” Ives, –, Ramishah Maruf Organizations: CNN, Nvidia, Meta, McDonald’s, Chevron, Pepsi, BlackRock, Microsoft, Intel, US Justice Department, Bloomberg, Department of Justice, Justice Department, US Department of Justice, titans, Apple, Google, Nasdaq

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