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Iran's Supreme Leader Ayatollah Ali Khamenei waves before voting in the country's presidential election, in Tehran, Iran July 5, 2024. Iran's generals and its supreme leader Ayatollah Ali Khamenei have pledged revenge, but their actions and language suggest a more measured response so far. "Iran's response options aren't good. on September 16, 2024 in Tehran, Iran. FILE PHOTO: Lebanon's Hezbollah leader Sayyed Hassan Nasrallah gestures as he addresses his supporters during a rare public appearance at an Ashoura ceremony in Beirut's southern suburbs November 3, 2014.
Persons: Ayatollah Ali Khamenei, Hassan Nasrallah, pagers, "⁠, Behnam ben Taleblu, Ismail Haniyeh, Khamenei, Iran's, Masoud Pezeshkian, Majid Saeedi, Pezeshkian, Yemen's, Sina Toossi, Houssam, Toossi, Yoav Gallant, Naim Qassem, Sayyed Hassan Nasrallah, Hasan Shaaban Organizations: Iran's, Reuters, Lebanese, Brent, Foundation for Defense of Democracies, CNBC, Islamic, Getty, Center for International, Anadolu, Israeli, Hamas, Hezbollah Locations: Tehran, Iran, Israel, Beirut, OPEC, Islamic Republic, Red, Lebanon, Iraq, Syria, Yemen, Beirut's
Israeli Air Force security regulations are so tight neither I nor Lt. Col. Nadav Shoshani, the IDF spokesman accompanying me, are allowed to bring our cellphones aboard. In its new guise as an Israeli tanker, signs remain of the aircraft’s past life, a reminder of its age. The seats are stripped out, its long body fitted with huge, pressurized fuel tanks, essential for Israel to project its firepower. He jockeys the two long levers beside his seat and steers the nozzle toward the gas-hungry fighter jet’s fuel port. Airstrikes in Hodeidah, Yemen.
Persons: , Israel, Nadav Shoshani, Benjamin Netanyahu’s, ” Netanyahu, Netanyahu, Ras Issa, Hodeidah, Herzi Halevi, ” Halevi, Shoshani Organizations: Sea CNN, Boeing, Israel Defense Forces, Israeli Air Force, United Nations General Assembly, UN, CNN, Ben Gurion International, Air Force Locations: Saudi, Israel, Gaza, Lebanon, Yemen, Tunis, Iran, Hodeidah Port, Tel Aviv, Red, New York, Hodeidah
And the US has incessantly pushed for a Gaza ceasefire that neither Netanyahu nor Hamas seems to want. For instance, the US and its allies helped repel a massive Iranian missile and drone attack against Israel in April. It has also killed other senior members of the two groups in strikes in Syria, Lebanon, Iran and in Gaza. And pro-Trump Republicans are goading him to go further — at least partly to weaken Biden and his chosen successor, Harris. This is just one of many reasons why Netanyahu is incentivized to expand his war no matter how powerless it makes America look.
Persons: CNN —, Benjamin Netanyahu’s, Joe Biden, , Netanyahu, Kamala Harris, Hassan Nasrallah, Biden, Antony Blinken, Nasrallah, dissed, CNN’s MJ Lee, Kylie Atwood, Jennifer Hansler, Cedric Leighton, Leighton, Israel, it’s, Ismail Haniyeh, Yitzhak Rabin, Shimon Peres, shuttler James Baker, , Donald Trump, Harris, , Trump Organizations: CNN, Monday, Israel Defense Forces, Democratic, Israel, Iranian Islamic Revolutionary Guard Corps, US, Washington, , Hamas, Republicans, Trump Republicans, Democratic Party, Arab American Locations: Lebanon, , Washington, East Israel, Israel, Gaza, Iranian, Damascus, United States, Hezbollah, Iraq, Afghanistan, Syria, Jordan, Iran, Africa, Tehran . Israel, Israeli, China, Michigan
Gold pulls back but dovish Fed sets it for best quarter since 2016
  + stars: | 2024-09-30 | by ( ) www.cnbc.com   time to read: +2 min
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Spot gold was down 0.2% at $2,653.38 per ounce, as of 0404 GMT, owing to a rise in the U.S. dollar . A stronger dollar makes gold less attractive for other currency holders. Bullion has risen slightly over 14% so far this quarter, its best since January 2016. This boosted expectations of an another outsized interest rate cut at the Fed's November policy meeting.
Persons: Tim Waterer, nonfarm, Jerome Powell, Michelle Bowman, Waterer Organizations: U.S ., Federal, KCM, U.S, Sunday Locations: Siberian, Krasnoyarsk, Russia, U.S, Israel, Yemen, Lebanon
An oil platform in the Red Sea in Ras Behar region, Egypt on January 29, 2023. Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces. Brent crude futures for November delivery increased 16 cents, or 0.22%, to $72.14 a barrel as of 0043 GMT. That contract expires on Monday and the more-active contract for December delivery gained 10 cents, or 0.14%, to $71.64. "The recent escalation of attacks in the Middle East is increasing the likelihood of Iran being directly dragged into the conflict, putting a significant risk around supply disruptions at the OPEC producer," ANZ Research said in a note.
Persons: Brent, WTI, Israel, Iran's, Sayyed Hassan Nasrallah, Lloyd Austin, Jerome Powell Organizations: . West Texas, Organization of, Petroleum, Hezbollah, ANZ Research, Lebanon . U.S . Defense Locations: Red, Ras Behar, Egypt, Israel, China, Iran, OPEC, Yemen, Lebanon . U.S, Washington, Libya
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US Navy ships operating in the Red Sea shot down a number of Houthi missiles and drones on Friday. AdvertisementUS Navy warships shot down a barrage of Houthi missiles and drones in the Red Sea on Friday in what a Pentagon spokesperson described as a "complex attack." The Houthis said earlier that they targeted three Navy warships with nearly two dozen ballistic missiles, cruise missiles, and drones. The increased Red Sea presence comes amid heightened fears of an all-out conflict between Israel and the Lebanon-based Hezbollah, another militant group backed by Iran. US forces said they destroyed one missile system in Yemen and two drones over the Red Sea during this time period.
Persons: , Sabrina Singh, Singh, they're, Michael Murphy, Houthi, Frank E, Petersen, USS Spruance, USS Stockdale, Spruance, Stockdale Organizations: Pentagon, Service, Navy, US Navy Locations: Iran, Indianapolis, Red, Israel, Lebanon, Gulf, Aden, Yemen
The Biden administration is offering a reward of up to $20 million for information on a member of Iran’s Islamic Revolutionary Guard Corps who is charged with plotting to kill Donald Trump’s former national security adviser John Bolton. U.S. authorities in January charged an Iranian national and two Canadians, including a member of the Hells Angels motorcycle gang, for allegedly plotting to assassinate an Iranian defector living in Maryland. Poursafi was charged in August 2022 for his role in the alleged plot against Bolton. He remains at large abroad.Iran has denied it is plotting to assassinate Trump, current or former officials, or others abroad. But Iranian leaders have vowed to avenge the U.S. drone strike in 2020 that killed top Iranian general Qassem Soleimani in Baghdad.
Persons: Biden, Donald Trump’s, John Bolton ., Shahram Poursafi, Bolton, “ Poursafi, , Trump, him.Iran, Poursafi, Qassem Soleimani, Qassem, Soleimani, Mohammad Javad Zarif, Andrea Mitchell, Organizations: Islamic Revolutionary Guard Corps, Bolton, Washington , D.C, State Department, U.S, Hells Angels, Justice, Press, Iranian, Getty, Force, NBC Locations: U.S, Washington ,, Maryland, Iranian, Baghdad, Tehran, Iran, Yemen, Baghdad’s
The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.
Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California
Iran is helping the Houthis try to secure Russian anti-ship missiles, Reuters reported. These could improve their attacks on ships in the Red Sea and threaten US warships, an expert said. Two officials said Houthis met Russians twice in Tehran this year, and more meetings are coming. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIran is helping the Houthi rebels try to secure Russian anti-ship missiles, Reuters reported, citing three Western and regional sources.
Persons: Houthis, Organizations: Reuters, Service, Business Locations: Iran, Russian, Tehran
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. A year after Jamie Dimon named geopolitics as the world's biggest risk, JPMorgan Chase's CEO sounded the alarm again, warning that the state of global stability has gotten worse. During his visit to India, Dimon said in an exclusive interview with CNBC-TV18 released Tuesday: "My caution is all geopolitics, which may determine the state of the economy." "Geopolitics is getting worse, they are not getting better. The interview came almost a year after Dimon had called geopolitics, after Russia's invasion in Ukraine, the biggest risk that he sees facing the world, larger than high inflation or a U.S. recession.
Persons: Jamie Dimon, Dimon, Yemen's, I'm Organizations: JPMorgan Chase & Co, Economic, of New, JPMorgan, CNBC, TV18, ., Federal Reserve, Traders Locations: of New York, Manhattan, New York City, U.S, India, Red, Ukraine, Russia
Read previewA Houthi ballistic missile reached Israel from Yemen for the first time on Sunday, disintegrating in the air after Israel activated its air defenses. AdvertisementThe Arrow 2 and Arrow 3 both made their first-ever combat intercepts against Houthis missiles on October 31 and November 9, 2023, respectively. The Arrow 3 fires an intercept missile that strikes an incoming ballistic missile outside the Earth's atmosphere, and boasts superior range and speed over its Arrow 2 predecessor. The Palestine missiles are solid-propellent, making them more advanced than the liquid-propellent ballistic missiles hitherto used by the group. "When it comes to large-scale drone and missile attacks, Iran has to rely on large volumes to try and overwhelm Israeli air and missile defenses," Tack said.
Persons: , Israel, Sim, Tack, Samad, Ryan Bohl, RANE, Bohl, Steven Horrell, Horrell Organizations: Service, Business, Houthis, Houthi Media, Getty, Palestine, Tel, East, PAC, Transatlantic Defense, Security, Center for, Israel, US Navy Locations: Israel, Yemen, Iran, Iranian, Palestine, Eilat, Tel Aviv, North Africa, Syria, Tehran, Lebanon, Red
Iran is helping the Houthi rebels in Yemen target U.S. Reaper drones, which has enabled the Houthis to shoot down or damage several of the massive, unmanned aircraft, say two U.S. officials. The interference severely inhibits the U.S. ability to gather intelligence and increases the chance that the drones could drift into unfriendly airspace. The U.S. military has struggled to stop some Houthi air defense systems because rather than radars, the Houthis often use electro-optical systems to find targets. Iran sent a spy ship to the waters near Yemen to help the Houthis target ships in the Red Sea. It appears the U.S. plan to interdict shipments of Iranian weapons and destroy stockpiles of weapons and drones has failed to roll back Houthi attacks on cargo ships, Knights said.
Persons: Michael Knights, , Knights, Organizations: U.S, Pentagon, NBC, Defense Intelligence Agency, White House National Security Council, Washington Institute for Near, Policy, NBC News, ” Knights, U.S . Navy, Locations: Iran, Yemen, Tehran, Israel, U.S, Eastern Europe, Syria, Red
Related storiesFranchetti referenced that assessment again in her speech, saying that it's "what Chairman Xi told his forces, that they should be ready for war by 2027." Fears of a US-China war have further been stoked by Beijing turning more hostile in its territorial disputes with Japan and US allies in the South China Sea. "By 2027, the Navy will be more ready for sustained combat," she said. The admiral aims to have 80% of US naval forces ready to deploy and fight anytime. "We have learned a great deal about the future of war at sea," Franchetti said.
Persons: , Lisa Franchetti, Franchetti, Xi Jinping, Xi, Joe Biden, It's, Yemen's Houthi, we've Organizations: Service, US Navy, Business, Naval War College, Democratic Progressive Party, Navy, Star, Pacific Fleet, Russia, Associated Press, 6th, Joint Chiefs, Staff Locations: China, Beijing, Taiwan, Rhode Island, People's Republic of China, Japan, South China, Russia, Iran, Republic of China, Washington, Ukraine
Read previewSatellite imagery obtained by Business Insider captures the difficult mission to rescue an oil tanker stranded in the Red Sea nearly a month after the Iran-backed Houthi rebels first attacked the vessel. Operation Aspides stated that it would continue to monitor the situation while "private stakeholders" finish the salvage mission. Satellite images captured by Maxar Technologies this past weekend show the salvage mission underway. Related storiesRear Adm. Vasileios Gryparis, the operational commander of Aspides, told BI earlier this month that a successful salvage mission required meeting safety, technical, environmental, and weather considerations. AdvertisementThe Houthis have struck a number of vessels with missiles and drones since the Iran-backed rebels started attacking merchant shipping lanes in the Red Sea and Gulf of Aden last fall.
Persons: , Aspides, BlackSky, Valdez, Vasileios Gryparis Organizations: Service, Business Insider, Business, Maxar Technologies, Technologies, European Locations: Iran, Red, Iraq, Greece, Gulf, Aden, Yemen
The Houthis fired what they claimed was a "new hypersonic ballistic missile" at Israel on Sunday. The Israeli military said the missile, despite its speed, was not actually a hypersonic missile. AdvertisementThe Houthi rebels painted the word "hypersonic" in English on the missile they launched at Israel over the weekend, emphasizing a new capability. The Israeli military, however, is pouring cold water on the Houthis' claim that the missile is a hypersonic weapon. The Houthis published footage on Monday purportedly showing the launch of their new missile at Israel on Sunday.
Persons: Organizations: Sunday, Service, Business Locations: Israel, Palestine
Nine people were injured as they ran to shelters, after air raid sirens sounded in central Israel Sunday morning. A ballistic missile launched from Yemen crossed into Israel, landing in an open field outside Tel Aviv, the Israel Defense Forces said. The sirens were the first in months, and included Israel's Ben Gurion international airport in Tel Aviv, where local media showed footage of people racing to shelters. Responders put out a fire in the area of Lod, near Tel Aviv, in central Israel. The IDF originally said that a "surface-to-surface missile was identified crossing into central Israel from the East and fell in an open area."
Persons: Israel's Ben, MENAHEM KAHANA, Nasr Al, Din Amer, Al, Israel Organizations: Israel Defense Forces, NBC News, Reuters, Getty, IDF, Arabi, Israel, U.S . Embassy Locations: Israel, Yemen, Tel Aviv, Israel's Ben Gurion, Lod, AFP, Modiin, Yemen’s Iran, Gaza, U.S
The Houthi rebels said they had struck Israel with a hypersonic ballistic missile. They said the missile flew more than 1,200 miles in just over 11 minutes. Go to newsletter preferences Thanks for signing up! AdvertisementYemen's Houthi rebels have said that the militant group struck Israel using a "new hypersonic ballistic missile." The Israel Defense Forces said that it had identified a surface-to-surface missile fired from Yemen over central Israel.
Persons: , Yemen's, Yahya Sarea Organizations: Service, Israel Defense Forces, Business Locations: Israel, Yemen
The projectile crossed into Israeli territory and fell in an open area in central Israel, with no injuries reported, according to the Israel Defense Forces. Sirens rang across central and northern Israel, the military said, and sirens were also sounded at Tel Aviv airport, the airport’s spokesperson told CNN. Also on Sunday morning, approximately 40 projectiles crossed from Lebanon into Israel’s northern region, some of them intercepted and others falling in open areas, the IDF said. It has also targeted shipping in the Red Sea, as a rejection of Israel’s military campaign in Gaza. Since then, more than 40,000 Palestinians have been killed in Israel’s military operations in Gaza, according to the health ministry in the enclave.
Persons: Israel Organizations: CNN, Sunday, Israel Defense Forces, Israel, Rescue Authority, Judaean Foothills, Authorities, Hezbollah, Hamas Locations: Yemen, Israel, Gaza, Modi’in, Tel Aviv, Jerusalem, Lebanon, Israel’s, Metula, Iran, Red
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The First Matabele War, fought between 1893 and 1894, foretold the future. The brutal era of trench warfare the Maxim gun ushered in only became fully apparent in World War I. Like other unmanned vehicles that aim for a high level of autonomy, these Russian drones don’t rely on large language models or similar A.I. Hezbollah’s alleged use of explosive-laden drones has displaced at least 60,000 Israelis south of the Lebanon border. And in the attacks of Oct. 7, Hamas used quadcopter drones — which probably used some A.I.
Organizations: British South Africa Company, Ukrainian, Exxon, Hamas Locations: British, U.S, Russian, Lebanon, Gaza, Israel, Palestinian
Read previewA US Navy aircraft carrier left the Middle East this week, ending a show of force that saw the sea service dual-wield two carrier strike groups. The move concludes a brief period of several weeks during which the Navy had two aircraft carriers operating simultaneously in the Middle East, a rare show of force for the US military. AdvertisementThe other carrier, USS Abraham Lincoln, is still operating in the Middle East with multiple destroyers in its strike group. The Lincoln carrier strike group was sent to the region as part of this effort. The US also ordered the guided-missile submarine USS Georgia to the Middle East as part of the build-up.
Persons: , Theodore Roosevelt, Daniel Inouye, USS Russell, Abraham Lincoln, Theodore Roosevelt's, Dwight D Organizations: Service, US Navy, Business, USS, Navy, Lincoln, Pentagon, Associated Press, Eisenhower Carrier Strike, US Locations: Israel, Iran, San Diego, Gulf, Aden, Georgia, Ohio
Here's what Harris and Trump got right and wrong on the debate stage in Philadelphia. Fact check: Trump calls Harris’ dad a Marxist“Her father’s a Marxist professor in economics, and he taught her well," Trump said. Fact check: Trump claims Harris ‘wants to confiscate your guns’“She wants to confiscate your guns,” Trump claimed. We’re not taking anybody’s guns away.”Fact check: Harris says Trump oversaw manufacturing job losses“Donald Trump said he was going to create manufacturing jobs. Fact check: Trump says he has ‘nothing to do with Project 2025’“I have nothing to do with Project 2025.
Persons: Kamala Harris, Donald Trump, Harris, Trump, Harris ’, That’s, Donald Harris ’, Karl Marx’s, Harris ‘, ” Trump, Tim Walz, We’re, that’s, Muir, I’ll, ” Harris, Biden, Putin, ” Trump hasn’t, , hasn’t, they’ve, Obamacare, , William Barr, They’ve, It’s, Harris “, We’ll, we’ll, “ Donald Trump, Let’s, he’s, Xi —, , you’re, don’t, “ It’s, they’re, isn’t, I’m, Karoline Leavitt, Sen, Marco Rubio, Frank McKenzie, Mark Milley, Ashraf Ghani, West Virginia —, Walz, Ralph Northam, Northam, Vance, hedged, John Kirby, we’ve, it’s Organizations: Trump, NBC News, Stanford University, Afghan, Pentagon, Washington Post, Post, United States, ISIS, Republicans, United, FBI, U.S, D.C, U.S . Energy Information Association, Ohio, Capitol, Taliban, National Security, Al, Republican, U.S . Central Command, Joint Chiefs, CNN, American Civil Liberties Union, Centers for Disease Control, Virginia Gov, NBC, White, Heritage Foundation, U.S . Customs, Protection, CBP, Office, American Progress Locations: U.S, Philadelphia, Afghanistan, Russia, Ukraine, Kyiv, Crimea, Moscow, Iraq, Syria, Iraq’s Anbar, Somalia, Africa, Red, United States, Georgia, Wisconsin, Georgia , Wisconsin, Pennsylvania, New York City, Aragua, Venezuelan, Washington, California , Maryland, Vermont, Andalia , Ohio, China, Mexico, Al Qaeda, Florida, Saigon, Doha, Kabul, airport’s, West Virginia, Virginia, Ohio, Springfield , Ohio
Read previewPresident Joe Biden came to power having pledged to make Saudi Arabia's maverick new ruler, Mohammed bin Salman, a global pariah. Analysts say that MBS has navigated increasing regional and global chaos to emphasize Saudi Arabia's importance to Washington. Related storiesUS President Joe Biden gives a fist bump to Saudi Crown Prince Mohammed bin Salman in 2022. AdvertisementSaudi Arabia's importanceBut global instability, economic change, and the war in Gaza have made clear to the White House Saudi Arabia's indispensability. Crown Prince Mohammed has condemned Israel's attack on Gaza but has not ruled out a normalization deal with Israel.
Persons: , Joe Biden, Mohammed bin Salman, Biden, Kamala Harris, Prince Mohammed, Crown Prince, Jamal Khashoggi, Giorgio Cafiero, Prince Mohammed bin Salman, Mohammed bin Salman's, Saad Hariri, Khashoggi, He's, Mohammed Hamoud, Trump, Abraham, Israel, Jon Alterman Organizations: Service, Business, Crown, Democratic, MBS, Saudi, Gulf, Analytics, Saudi Arabia's, Royal, Anadolu Agency, White, White House Saudi, Abraham Accords, Israel, Center for Strategic, International Studies Locations: Saudi, November's, Saudi Arabia, Yemen, Istanbul, Washington, Gaza, Israel, Iran, West, Riyadh, Lebanese, Russia, China, Beijing, Ukraine, UAE, Bahrain, Palestinian, United States, Red, Jeddah
Read previewHouthi rebels claim to have shot down another MQ-9 Reaper drone in Yemen. AdvertisementThe Houthi rebels did not post a picture, video, or evidence of this latest claimed shootdown on their social media channels. This is not the first time the Houthis have claimed to have taken down a MQ-9 Reaper drone. In May, the Associated Press reported a US MQ-9 Reaper drone — worth $30 million — came down in Yemen, the third in just a month, citing a video of the shootdown. Related storiesUS warships and aircraft, meanwhile, have repeatedly targeted Houthi missiles and drones, as well as assets like radar sites.
Persons: , Ameen Hayyan, Adm, George Wikoff, Wikoff Organizations: Service, Yemeni Armed Forces Spokesperson's Office, Yemeni Air Forces, Business, Department of Defense, Associated Press, Prosperity Guardian, Center for Strategic, International Studies, US Naval Forces Central Command Locations: Yemen, Gaza, Israel, Iran, Gulf, Aden, Red
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