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Some Ukrainian troops said the training didn't reflect the kind of fighting they faced against Russian forces. That has raised doubts about whether Western militaries are training themselves for the right kinds of operations. AdvertisementAdvertisementThe slow progress of the counteroffensive Ukraine launched in early June led to criticism that Ukrainian troops were failing to apply properly the training they received from Western militaries. But what if the problem isn't with the Ukrainians but rather with Western tactics? Ukraine eventually junked those Western tactics in favor a playbook from the Western Front circa 1917.
Persons: , HENRY NICHOLLS, Klaus, Dietmar Gabbert, insurgencies, openDemocracy, hasn't, Scott Peterson, it's, Michael Peck Organizations: Western, Russian, Service, NATO, Royal Marine, Ukrainian Army, Getty, Bradley, Getty Images, New York Times, Pentagon, US Air Force, Ukrainian Territorial Defense, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, England, Britain, Germany, Russia, China, Ukrainian, Iraq, Afghanistan, Zaporizhzhia Region, Forbes
Those potential returns can come from two places: Danaher stock and shares of Veralto (VLTO), the soon-to-be-standalone company that's in the business of water quality. When we receive Veralto shares on Monday, as all Danaher shareholders will, we intend to keep them, based on their current expected value. A "when-issued" market was established Wednesday for both Danaher and Veralto stock, providing a first look at how investors are valuing the companies on their own. Investors will receive one share in Veralto for every three shares of Danaher they own. The caveat is that spin-off debuts can see substantial volatility, and if Veralto shares were to receive a big pop, our discipline may require us to capitalize on that and take profits.
Persons: it's, Danaher, Jim Cramer, Jim Cramer's, Veralto, we'll, , disinfect, That's, we've, attractively, We're, Jim, Pavlo Gonchar Organizations: Deutsche Bank, Zebra Technologies, CNBC, Getty Locations: Veralto, Danaher, DHR, Wells, York
Tesla — Stock in the electric vehicle company added 1.5% in midday trading Friday. Canaccord Genuity reiterated a buy rating on the EV stock on Thursday ahead of vehicle deliveries data. Elsewhere, Citi remained neutral on Tesla and reduced its vehicle delivery forecast to 450,000 from 468,500. Bumble — The online dating platform added 3% after Loop Capital Markets upgraded the stock to buy from hold. Corcept Therapeutics — Shares slumped 17% in midday trading as the firm contends with ongoing litigation against Teva Pharmaceuticals.
Persons: Elon Musk, Canaccord Genuity, Tim Wentworth, Roz Brewer, Bumble —, Cushing, Teva, — CNBC's Pia Singh, Alex Harring, Michelle Fox, Hakyung Kim, Darla Mercado Organizations: U.S, Senate, Intelligence, Capitol, Washington , D.C, Citi, Barclays, Anheuser, Busch InBev — U.S, LSEG, Cruise, Wonder Group, Nvidia —, Blackwell, Nvidia, Nike —, Nike, Walgreens, Bloomberg, Therapeutics, Teva Pharmaceuticals, Texas, Northcoast Research Locations: Washington ,
WASHINGTON (AP) — The Biden administration on Friday is expected to release a playbook on best practices for training workers as the low 3.8% unemployment rate and years of underinvestment have left manufacturers, construction firms and other employers with unfilled jobs. As part of the 2021 pandemic rescue package, state and local governments have committed $11 billion to worker training. The eight-page playbook being issued in conjunction with the remarks details possible models that the administration believes state and local governments can follow. Money also is going to supportive services for child care and transportation, which are two of the big reasons why people are unable to complete training or stay on the job. Iowa is making $26.6 million available to help employers make child care available, while Phoenix's airport is offering child care scholarships to workers.
Persons: , Biden, underinvestment, Joe Biden, Veronica Soto Organizations: WASHINGTON, Treasury Department, The Associated Press, Labor Department Locations: Harris County , Texas, Maine, Oklahoma, Connecticut, Iowa, Phoenix's
Check out the companies making headlines in premarket trading. Nike — The sneaker behemoth added nearly 10% in premarket trading after a mixed earnings report. Brinker International — The Chili's parent climbed 4% after Stifel upgraded the stock to buy from hold. Editas Medicine — The genome editing company popped 9% in premarket trading following a Stifel upgrade to buy from hold. Ball — Shares added 1.7% in premarket trading after the aluminum-can maker was upgraded by Jeffries to buy from hold.
Persons: Brinker, Stifel, Jeffries, , Northcoast, CNBC's Brian Evans, Pia Singh, Jesse Pound, Michelle Fox Organizations: Nike, Opry, LSEG, Uranium Energy, Wonder Group, Anheuser, Busch InBev —, Bank of America, Stifel, KFC, Research Locations: Nashville , Tennessee, Olive
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's clear the old China playbook is not going to be effective in this new era: Dewardric McNealDewardric McNeal, Longview Global managing director and senior policy analyst, joins 'Fast Money' to talk the latest news out of China.
Persons: Dewardric McNeal Dewardric Organizations: Longview Global Locations: China, Dewardric McNeal Dewardric McNeal
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/india/indias-spy-agency-adopted-new-playbook-before-accusation-in-canada-killing-be9f392c
Persons: Dow Jones, be9f392c Locations: indias, canada
September's sell-off may have taken many investors by surprise after a hot start to the year. But history shows such pullbacks are actually pretty common. The broader market index typically rebounds following such sell-offs, averaging a gain of 5% between October and December, the bank said. The S & P 500 is down more than 6% since the end of July, losing more than 1.7% in August and 4.5% in September. The bottom line: The market has a history of losing steam between August and September after rallying to start a year.
Persons: September's, Ritesh Samadhiya, Samadhiya, — CNBC's Michael Bloom Organizations: Bank of America, Federal Reserve
Nio, when contacted, denied it talked to Mercedes on a collaboration, calling it "untrue", without elaborating. Mercedes said in a separate response that there were no collaboration plans with Nio at the moment. Chinese EV companies may also be able to navigate potential trade barriers better by forging such tie-ups. Nio, whose investors include Chinese tech giant Tencent Holdings (0700.HK), has publicly called for more such tie-ups with established automakers. ($1 = 7.3127 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Additional reporting by Ilona Wissenbach in Frankfurt; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: William Li, Ola Kaellenius, Nio, Mercedes, Leapmotor, Elon Musk, Tesla, Nio's Li, Zhang Yan, Brenda Goh, Ilona Wissenbach, Muralikumar Organizations: HK, Mercedes, Benz, Nio, EV, Volkswagen, SAIC, Audi, VW's, Tencent Holdings, Thomson Locations: SHANGHAI, China, Tesla, Frankfurt
When COVID forced kids into remote school, the city of Las Vegas learned many couldn't get online. A grant helped officials build a private 5G network that connected hundreds of students for free. "So we successfully hooked up several hundred students onto our private 5G network, which gave them connectivity from their homes through the city's network to their schools." This would be supplemented by commercial carriers such as Verizon and AT&T in areas where the private network wouldn't reach. Looking ahead, Ahmed sees many use cases for a private 5G network and expects them to grow in popularity as cities harness the power of artificial intelligence to create safer environments.
Persons: COVID, , Michael Sherwood, Sherwood, Clark, Shahid Ahmed, Ahmed, they've, Bill Baver, Baver Organizations: Service, Clark County School District, Economic Development Administration, Private, Verizon, AT, Las Vegas, Nippon Telegraph, Telephone Corp, Frankfurt Airport, NTT, City Hall, Smart Solutions Locations: Las Vegas, Vegas, Clark County's, Las, Germany
An aerial view of New Orleans can be seen from a drone above the Mississippi River on April 1, 2023 in New Orleans, La. Ricky Carioti | The Washington Post | Getty ImagesPresident Joe Biden on Wednesday declared a federal emergency for a saltwater intrusion in the Mississippi River, which is threatening New Orleans' water infrastructure. The U.S. Army Corps of Engineers projects that two New Orleans water treatment plants will be affected by the end of October: the Algiers Water Treatment Plant on Oct. 22 and the Carrollton Water Treatment Plant on Oct. 28. Solutions under considerationAt a New Orleans City Council meeting on Wednesday, councilmembers, officials from the SWBNO and from the Department of Homeland Security discussed possible response strategies. Some New Orleanians are wondering why the city is always playing defense, despite the warning signs of saltwater intrusion in years past.
Persons: Ricky Carioti, Joe Biden, John Bel Edwards, Biden, Jesse Keenan, Mia Miller, Miller, Joseph Giarrusso, SWBNO, Councilmember Lesli Harris, Councilmember, there's, We're, Bywater, Stephen Murphy, bode, Murphy Organizations: Washington Post, Getty, Wednesday, Louisiana Gov, Federal Emergency Management Agency, Biden's, U.S . Army Corps of Engineers, Board, New, New Orleans City Council, U.S . Army Corps of Engineers New, Water Board, Tulane University, New Orleans City, Department of Homeland Security, FEMA, Tulane University's Disaster Management Locations: New Orleans, Mississippi, La, Plaquemines Parish, Louisiana, U.S . Army Corps of Engineers New Orleans, Algiers, Carrollton, Bywater, councilmembers
Pano AI, a wildfire-detection startup, uses ultrahigh definition, 360-degree cameras and an artificial-intelligence platform to scan, identify, and monitor wildfires. Pano AI alerted the state's Department of National Resources, which began a partnership with the startup in March, and provided visual and location data. Pano AI estimated its alert sped up the response time by 20 to 30 minutes. There are over 100 Pano AI systems deployed across the US and Australia. A Pano AI detection image of the Flat Fire in California.
Persons: , Rogers, Pano AI's, Sonia Kastner, Arvind Satyam, Kastner, Satyam, Hilary Franz Organizations: Service, state's Department of National Resources, Research, 4G Locations: Washington, Mount Rainier, Australia, Canadian, British Columbia, San Francisco, California
"Demand was far exceeding the supply of GPU capacity that the whole ecosystem could produce," Scott told the Verge's Nilay Patel. Microsoft, like Google and other tech companies, has been quickly adding generative AI to its own products and selling the technology's capabilities to clients. Training and deploying the underlying AI models has mainly relied on Nvidia's GPUs, creating scarcity of supply. Nvidia expects to increase supply each quarter through next year, finance chief Colette Kress told analysts on last month's earnings call. Traffic to ChatGPT has declined month over month for three consecutive months, Similarweb said in a blog post.
Persons: Nilay Patel, Kevin Scott, Scott, OpenAi, we've, Patel, that's, Colette Kress, Similarweb, I'm, Doug Clinton Organizations: The Ritz, Carlton Laguna, Microsoft, Nvidia, Training, Qualcomm, PCs Locations: Dana Point , California, OpenAI
The March implosion of Silicon Valley Bank created a banking vacuum in the startup world. In 2019, the group poached four executives from SVB to work with venture capital funds and their portfolio companies. But these plans were accelerated by the collapse as customers fled to JPMorgan from SVB as well as First Republic, which JPMorgan now owns. First Republic also served emerging venture capital firms, an untapped client segment for JPMorgan's commercial bank. In some aspects, the breakdown of SVB strengthened JPMorgan's appeal to tech upstarts that had previously eschewed too-big-to-fail banks, Smith said.
Persons: John China, Melissa Smith, Smith, playbook, Jamie Dimon, SVB, Darya, fintech Organizations: Valley Bank, JPMorgan, SVB, West Coast, Bay Area, Silicon Valley Bank, Capital, fintech Aumni, Capital Connect Locations: Beijing, Frankfurt, London, Stockholm, Sydney, Tel Aviv, Zurich, San Francisco, New York, Silicon Valley, West, SVB, Republic, Israel, fundraises
Be ready for energy prices to spike and interest rates to climb higher, Jamie Dimon said. The JPMorgan CEO warns geopolitical threats like Russia's invasion of Ukraine are critical concerns. AdvertisementAdvertisementBe prepared for higher energy prices, steeper interest rates, and a potential economic hangover from a reduction in government spending, Jamie Dimon says. But Russia's invasion of Ukraine – and how it's reshaping global relations – is the number one threat to the world, according to the JPMorgan CEO. "I think people should be prepared for higher oil and gas prices, higher rates," Dimon told CNBC-TV18 on Tuesday.
Persons: Jamie Dimon, , Dimon, we've Organizations: Service, Ukraine –, JPMorgan, CNBC, TV18, Federal Reserve Locations: Ukraine, Russia, European, China
Hundreds of workers at a factory in Shenyang in northeastern China weld automated machines, 95 yards long, that are used to bore subway tunnels. At another factory there, employees assemble robots that China’s solar panel makers will use to streamline their production. Shenyang is the capital of Liaoning Province, one of three large provinces in the northeast that constitute the cradle of China’s heavy industry. Now the central government, confronting a national economy that has slowed because of a real estate crisis that defies easy fixes, is turning to cities like Shenyang. Fewer people are buying new homes, apartment prices are falling and construction cranes are less active.
Locations: Shenyang, China, Liaoning Province, Beijing
Meloni’s Italian job is a lesson for EU’s right
  + stars: | 2023-09-26 | by ( Lisa Jucca | ) www.reuters.com   time to read: +7 min
This is particularly true of Meloni’s surprise decision in August to tax what she called “unjust profits” by domestic banks. Ill-fated tax credits for building renovations introduced by a previous executive are expected to balloon to up to 150 billion euros, UniCredit analysts reckon. That’s 30 billion euros higher than what the current government predicted in April, or around 1.5% of GDP. That’s Meloni’s biggest Italian lesson for parties like Vox and AfD. CONTEXT NEWSThe Italian Treasury will present new economic targets on Sept. 28, which will be the framework for the country’s 2024 budget.
Persons: Spain’s, Benito Mussolini’s “, Rome ”, Ursula von der Leyen, Meloni, Vladimir Putin, , Silvio Berlusconi, Matteo Salvini – Meloni, , Mario Draghi’s, it’s, Giancarlo Giorgetti, Liz Truss, Meloni’s, Vox, Giorgia Meloni, Francesco Guerrera, Oliver Taslic Organizations: Reuters, NATO, European Union, EU, Commission, Economy, Italian Treasury, Thomson Locations: Rome, Italy, Ukraine, Kyiv, China, Greece, Brussels, British, Italian
Treasury yields jumped last week, with the 10-year Treasury hitting its highest yield since 2007. Long duration stocks, which have the bulk of their projected earnings and cash flow far off in the future, have started to underperform short duration stocks that are generating significant cash already. For investors looking for short duration stocks that have not yet started to outperform, shares of rental car company Hertz Global are down 20% month to date. Overall, the short duration stocks highlighted by Goldman have lower valuations and a stronger near-term earnings picture than the long-duration stocks. 50% of companies in the Long Duration basket are expected to post negative EPS in 2023, compared with 6% for Short Duration," Kostin said.
Persons: Goldman Sachs, David Kostin, Kostin, Goldman, — CNBC's Michael Bloom Organizations: Treasury, Sinclair, U.S . Steel, . Steel, Hertz Locations: LSEG .
TikTok launched its e-commerce platform, TikTok Shop, on September 13, 2023. The social app's shopping business will be driven by FOMO and trends, fueled by its avid community of creators. After months of testing, TikTok this month launched TikTok Shop, an in-app commerce solution including shoppable short and live videos, checkout, TikTok Shop ads, fulfillment, and a marketplace accessible through a separate Shop tab. It has a roadmap and deep resources in parent company ByteDance, which can afford the $500 million loss TikTok Shop is expected to face this year. TikTok's commerce business will be driven by trends and FOMO, packaged up and delivered to users by creators.
Persons: TikTok, Jasmine Enberg Organizations: Intelligence, Google, Media, Meta, YouTube, Shop, Amazon Prime
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon's A.I. investment is a page out of the OpenAI-Microsoft playbook: Deepwater's Doug ClintonDoug Clinton, Deepwater Asset Management managing partner and co-founder, joins 'Squawk Box' to discuss Amazon's investment in A.I. company Anthropic, what it means for the A.I. arms race, the state of the tech sector at large, and more.
Persons: Doug Clinton Doug Clinton Organizations: Microsoft, Deepwater Asset Management Locations: A.I
England, who made 12 changes from the starting line-up against Japan, scored 11 tries, including five for 20-year-old winger Arundell that equalled an England record, albeit against the lowest ranked team in the tournament playing at their first World Cup. Samoa and Japan have five, Argentina four and Chile are yet to register after three defeats. It was one-way traffic by then and Arundell got his fourth, chipping and gathering his own kick. Chile showed touches of ambition in the first half but never really threatened and were chasing shadows after the break. Their coach Pablo Lemoine, who scored a try for Uruguay against England in that 2003 match, said: "I'm not really disappointed, that's reality.
Persons: Winger Arundell, debutants Smith, Winger Henry Arundell, Steve Borthwick, Arundell, Owen Farrell, Marcus Smith, Smith, Marcus, Theo Dan, Bevan Rodd, Matias Dittus, maul, Dan, Elliot Daly, George Ford, Farrell, England's, Josh Lewsey, Rory Underwood, Daniel Lambert, Ford, Jack Willis, Borthwick, Freddie Steward, Pablo Lemoine, Philip Blenkinsop, Ken Ferris, Clare Fallon Organizations: England, LILLE, Japan, Wales, Samoa, Ford, Fiji, France, Thomson Locations: France, England, Chile, Marseille, Australia, Fiji, Samoa, Japan, Argentina, flyhalf, Uruguay
Rosenberg continued: "But it's a false debate because the choice isn't between a soft landing and a recession. Consumers are the lifeblood of the US economy, and if they're forced to cut back on spending, Rosenberg thinks growth would quickly turn negative. Investors nervous about the economy should target stocks in four defensive parts of the market, Rosenberg said: consumer staples, healthcare, telecommunications, and utilities. "As growth is scarce, you want to own what's scarce, so you want to own growth stocks," Rosenberg said. "I'm probably much more bullish on growth than I am on value because value is very cyclical, and growth stocks tend to be valued on a longer-term earnings profile."
Persons: David Rosenberg, Rosenberg, we've, Rosenberg isn't, hasn't, nonfarm payrolls, that's, Uncle Sam, " Rosenberg, they're, couldn't, he's, he'd Organizations: Federal Reserve, Rosenberg Research, Technology, Fed Locations: YOLO
California is taking some of the world’s biggest energy companies, including Shell, Exxon Mobil and Chevron, to court, accusing them of concealing the damage caused by fossil fuels on the state for more than half a century. The strategy has echoes of an earlier fight: states’ legal battle against Big Tobacco in the 1990s. It argues that the oil majors should pay fines for burying scientific evidence linking carbon emissions to greenhouse gases. In the 1990s, California and dozens of other states brought cases against the four biggest U.S. tobacco companies. The companies were also compelled to label cigarettes as potentially lethal, to change how and where they marketed them, and to disband the Tobacco Institute, the industry-funded trade group.
Persons: ” Rob Bonta Organizations: Shell, Exxon Mobil, Chevron, Big Oil, Big Tobacco, American Petroleum Institute, Prosecutors, Tobacco Institute Locations: California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAW President Shawn Fain has 'thrown out the playbook' in strike talks: WSJ's Tim HigginsTim Higgins, Wall Street Journal reporter, joins 'Squawk Box' to discuss the latest in UAW strike, what to expect for the new round of strike at noon today, and more.
Persons: Shawn Fain, WSJ's Tim Higgins Tim Higgins Organizations: Wall Street Journal, UAW
Both camps argue their proposals should be treated with urgency by policymakers, ahead of the annual Central Economic Work Conference, an agenda-setting gathering of top leaders expected in December. The pro-reform camp is beating the drum for faster structural reforms, including relaxing the system of residence permits, or "hukou", to spur consumption, removing market entry barriers for private firms at the cost of state giants. Reforms are urgently needed as growth engines such as property, exports and infrastructure are stalling, he said. Structural reforms with expansionary effects can also have immediate effects." TIGHTROPEDespite the heated debate, analysts expect Chinese leaders can walk a tightrope between stimulus and reforms.
Persons: Tingshu Wang, Yu Yongding, Yu, Kristalina Georgieva, Liu Shijin, Liu, It's, Tao Wang, Deng Xiaoping, Yi Xianrong, Kevin Yao, Sam Holmes Organizations: Central Business, REUTERS, Economic Work Conference, Reuters, International Monetary Fund, Fund, UBS, Asian Development Bank, Qingdao University, Thomson Locations: Beijing, China, BEIJING, China's, United States
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