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SEOUL, Aug 24 (Reuters) - North Korea appears to have made progress in its space program, despite a second rocket failure on Thursday, but its unusually quick launch pace may be causing problems, analysts said. North Korea's second attempt to place a spy satellite in orbit failed after the booster experienced a problem with its third stage, state media reported. South Korea scheduled nearly a year between each of the three launches of its new Nuri rocket, none of which failed as spectacularly as the North Korean attempts. North Korea plans to launch the Chollima-1 three times in less than six months. "I am not sure if North Korean leadership knows the characteristics of large-scale science," he said.

Persons: Jeffrey Lewis, James Martin, Chang Young, Kim Jong, Yang Uk, Nuri, Yang Moo, Kim, Lee Choon, Hyonhee Shin, hyang Choi, Josh Smith, Gerry Doyle Organizations: James, James Martin Center, Nonproliferation, Korea Aerospace University, Asan Institute, Policy Studies, University of North Korean Studies, South Korea's Science, Technology Policy Institute, Thomson Locations: SEOUL, North Korea, South Korea, Pyongyang, Seoul, Korea, Korean

☆ People online are mocking a bizarre crossover that's turned arms manufacturer Lockheed Martin into streetwear in South Korea
▼ + stars: | 2023-08-24 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Users on X and TikTok spotted Lockheed Martin brand streetwear being sold online in South Korea. "Why is lockheed martin making streetwear for swagged out Asians," wrote one user on X. The South Korean company told Insider in an email that it acquired the official Lockheed Martin license brand through an agency. The collection was spotted by X user @wiggerwakanda on Friday, which read: "why is lockheed martin making streetwear for swagged out Asians." "Military industrial complex sponsored Korean streetwear is wayyyy too insane to have made it onto my 2023 bingo card," X user @candidspeaks posted on Wednesday.

Persons: Lockheed Martin, lockheed martin, streetwear, Doojin Yanghang, opaleyes369, Daily's Shin Organizations: Lockheed, lockheed, Service, Won, South, CNN, Yale, Billboard, Kodak, Equity Management Locations: South Korea, swagged, Wall, Silicon, American, Korean, Korea

☆ Stocks making the biggest moves midday: Nvidia, Boeing, Splunk, Dollar Tree and more
▼ + stars: | 2023-08-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Nvidia - The chipmaker's stock climbed more than 1% to a record high after the company reported a beat on the top and bottom lines. Splunk — The cloud stock climbed 13.6% after the company beat Wall Street expectations for second-quarter earnings and raised its guidance. Autodesk — Shares added 3.1% after Autodesk reported an earnings beat and higher forward guidance. Snowflake — Snowflake dipped more than 5% in midday trading even after after reporting an earnings beat. Guess — The apparel company soared more than 28% after reporting an earnings beat, highlighted by an adjusted 72 cents per share and revenue of $664.5 million.

Persons: Marvell, Max, Refinitiv, Wolfe, Splunk, —, Alex Harring, Yun Li, Michelle Fox Organizations: Nvidia, AMD, Marvell Technology, Boeing —, Boeing, Discover Financial, Bank of America, Autodesk, Refinitiv Locations: Santa Clara , California

☆ Escape China by Jet Ski? A Dissident Is Said to Have Planned It for Years
▼ + stars: | 2023-08-24 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +1 min

The South Korean Coast Guard has confirmed that on Aug. 16 it found a man stranded with a Jet Ski-type vehicle on a mud flat off the country’s west coast, near the city of Incheon. He had set off from the Shandong Peninsula with a helmet, a life jacket, a telescope and a compass, according to the Coast Guard. He also had five containers of fuel, which he’d tied to the watercraft and used to keep the tank filled during the 14-hour journey, the Coast Guard said. “He felt depressed living in China due to the autocracy and lack of freedom of speech,” said Mr. Ran, 36, who met Mr. Kwon on an online forum about Chinese history.

Persons: he’d, Matt Ran, Kwon, ”, Mr, Quan Ping, Ran, “ Organizations: Korean Coast Guard, Coast Guard, Iowa State University Locations: Incheon, South Korea, China, Shandong, New York City

☆ India’s space startups are ready to blast off too
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amit Dave Acquire Licensing RightsBENGALURU, Aug 24 (Reuters Breakingviews) - Nearly seven million people watched India’s space program make history on Wednesday. The Indian Space Research Organisation (ISRO) became the first to land near the moon’s unexplored south pole. Peak XV Partners, formerly Sequoia India and Southeast Asia, in June led a $10 million investment in Digantara, which maps space debris. At $74 million, the bill for India’s moon mission was less than the cost of producing 2013 Hollywood space thriller "Gravity". New Delhi is finalising new foreign direct investment rules, and that will likely turbocharge India’s space startups.

Persons: Amit Dave, Elon Musk, Singapore’s GIC, Pranav Kiran, Coinbase’s, Una Galani, Streisand Neto Organizations: REUTERS, Rights, Reuters, Indian Space Research Organisation, ISRO, SpaceX, XV Partners, Sequoia, Skyroot Aerospace, Hollywood, Twitter, Thomson Locations: Gujarat Science City, Ahmedabad, India, Sequoia India, Southeast Asia, Digantara, New Delhi

"Hybrid is a great alternative to a pure electric vehicle (and) it's an easier sell to a lot of customers." Interest in hybrids is rebounding as consumer demand for pure electrics has not accelerated as quickly as expected. Sales of pure electrics will claim about 37%, leaving combustion vehicles — including so-called “mild” hybrids — with a nearly 40% share. In addition to new pure electric models coming soon, "we are very bullish on hybrids going forward," a spokesperson said. Hyundai and sister brand Kia offer seven hybrid models, with Ford and Lincoln six.

Persons: Mike Blake, Tim Ghriskey, Ingalls, Snyder, ”, Sam Fiorani, Ford, Jim Farley, ” Farley, “, Stellantis, GlobalData, ” Stellantis, Andrew DiFeo, Augustine, Biden, “ I've, I've, Paul Lienert, Ben Klayman, Nick Zieminski Organizations: Toyota, Los Angeles Auto, REUTERS, Rights, Ford, Reuters, AutoForecast Solutions, P Global, General Motors, Chrysler Pacifica, U.S, Lexus, Hyundai, Kia, Lincoln, Chevrolet Corvette, Thomson Locations: Los Angeles , California, U.S, America, New York, St, Jacksonville , FL, Detroit

☆ Dangerously close near-miss incidents across the US are a wakeup call to the aviation industry
▼ + stars: | 2023-08-23 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

The New York Times cited a shortage of air traffic controllers as a significant factor in the string of close calls. During breakout sessions at the safety summit, officials offered theories like inexperienced first officers and overworked air traffic controllers as contributing to the near-disasters. The Times pointed to the challenges surrounding air traffic controllers, in particular, as a root cause. "Air traffic controllers and pilots all play critical roles." While technology is important, Brickhouse says humans are still essential to aviation safety.

Persons: John F, Billy Nolen, Anna Moneymaker, Tim Arel, Anthony Brickhouse, Kathleen Bangs, Tami Chappell, Austin isn't, Brickhouse Organizations: Federal Aviation Administration, New York Times, Morning, Delta Air Lines Boeing, Kennedy International Airport, American Airlines Boeing, Delta, FedEx Boeing, Southwest Boeing, JetBlue Airways, Times, Frontier Airlines, Southwest Airlines, Boeing, FAA, Air Traffic Organization, Embry Riddle Aeronautical University, Delta Air Lines, Hartsfield Jackson, International Airport, REUTERS, Southwest, FedEx, New, JFK, Aviation Locations: Austin , Texas, Denver, Tenerife, Spain, Atlanta , Georgia, U.S, Austin, New York

☆ Chandrayaan-3 landing: India could become the fourth country ever to land a spacecraft on the moon
▼ + stars: | 2023-08-23 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

CNN —India is on the brink of a historic attempt to land its Chandrayaan-3 spacecraft on the moon that could make it only the fourth nation ever to accomplish such a feat. India’s space agency will livestream the landing attempt starting at 5:20 p.m. IST (7:50 a.m. Previously, only the United States, China and the former Soviet Union have completed soft landings on the lunar surface. Russia’s Luna 25 spacecraft crashed into the moon on August 19 after its engines misfired, ending the country’s first lunar landing attempt in 47 years. Indranil Mukherjee/AFP/Getty ImagesIndia’s mission has taken on even greater significance since Russia’s failed Luna 25 landing attempt.

Persons: nation’s, Russia’s Luna, Vikram, Angela Marusiak, she’s, Marusiak, “, ” Marusiak, Satish Dhawan, Indranil Mukherjee, Luna, landers, Artemis, Bill Nelson, India’s Organizations: CNN, Indian Space Research Organization, Soviet Union, University of Arizona’s, Laboratory, Satish Dhawan Space, YouTube, Getty, Japan Aerospace Exploration Agency, United, NASA Locations: India, United States, China, France, Sriharikota, Andhra Pradesh, Mumbai, Israel, Japan, Artemis, Russia

General Sergei Surovikin, commander of Russian forces in Ukraine, visits the Joint Headquarters of the Russian armed forces involved in military operations in Ukraine, in an unknown location in Russia, in this picture released December 17, 2022. His reported removal suggests the authorities found fault with his behaviour, but the details of his alleged wrongdoing remain unknown. Surovikin earned the nickname "General Armageddon" during Russia's military intervention in Syria for the brutal tactics he employed there. He was placed in charge of Russian military operations in Ukraine last October, but in January that role was handed to General Valery Gerasimov, the chief of the general staff, and Surovikin was made a deputy to Gerasimov. Afzalov was previously deputy to Surovikin and has been chief of staff of the Aerospace Forces for at least four years, according to British military intelligence.

Persons: Sergei Surovikin, Surovikin, Wagner, Yevgeny Prigozhin, Prigozhin, Russian Air and Space Forces Sergei Surovikin, Viktor Afzalov, General Valery Gerasimov, Afzalov, Andrew Osborn, Mark Trevelyan Organizations: Sputnik, REUTERS, RBC, Telegram, Ministry of Defence, Russian Air and Space Forces, Main Staff of, Air Force, Reuters, Aerospace Forces, Thomson Locations: Ukraine, Russian, Russia, Kremlin, MOSCOW, Moscow, Syria, Gerasimov, Surovikin

☆ A Backfire bomber being blown apart deep inside Russia's territory is the latest in a string of glaring failures to protect its strategic bases
▼ + stars: | 2023-08-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Last weekend, an apparent drone strike destroyed a prized Russian Tu-22M3 Backfire bomber. The attack occurred far from the front lines of the war and may have been launched from inside Russia. The strike on a vulnerable Tupolev Tu-22M3 Backfire bomber is part of a growing list of Russian failures to protect its critical bases and vital aerial assets. If that's the case, it may speak to both Ukraine's expanding ability to threaten domestic Russian air bases and Russia's inability to protect them. AdvertisementAdvertisementIn the aftermath of the Tu-22M3 attack, there's a question of how Russia might adapt.

Persons: — Engels, Samuel Bendett, they're, Bendett, ALEXANDER NEMENOV, It's, Ukraine Anton Gerashchenko Organizations: Service, Russian Defense Ministry, Aviation, Center for Naval Analyses, Russia, Russian Aerospace Forces, NATO, Russian Defence Ministry, Kremlin, Nazi, Getty, Internal Affairs, Mobility Artillery, Systems Locations: Russian, Russia, Wall, Silicon, Ukraine, St . Petersburg, Saratov, Ryazan, Moscow, Novgorod Oblast, Russia's, Nazi Germany, AFP, Murmansk, Finland

CNN —A top Russian general who went missing after the mercenary group Wagner’s insurrection in June has been fired from his role as head of the country’s aerospace forces, Russian state media reported Wednesday citing unnamed sources. Gen. Sergey Surovikin has spent four decades as part of the Russian military, including a brief stint running Russia’s war effort in Ukraine. A Russian lawmaker said in July that Surovikin is “resting.”Documents shared with CNN in June suggested that Surovikin was a secret VIP member of Wagner. As the head of the aerospace forces, Surovikin oversaw the Kremlin’s campaign in Syria, during which Russian combat aircraft were accused of causing widespread devastation in rebel-held areas. Surovikin’s official bio on the Russian Defense Ministry’s website still lists him as the head of the aerospace forces.

Persons: Sergey Surovikin, Surovikin, Wagner, Yevgeny Prigozhin, Sorovikin, Gen, Viktor Afzalov, Surovikin’s, Ivan Popov, Vladimir Putin, Gleb Irisov, –, ” Irisov, KIRILL KUDRYAVTSEV, Alexey Venediktov Organizations: CNN, The New York Times, RIA Novosti, Aerospace Forces, Moscow’s Defense Ministry, Kremlin Press Office, Russian, Human Rights Watch, Getty, Ministry of Defense, RBC, Russian Defense, Russian Ministry of Defense Locations: Russian, Ukraine, Kerch, Crimean, Russia, Afghanistan, Syria, Moscow, AFP

☆ Russia scrambles jets to force reconnaissance drones off Crimea -defence ministry
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: 1 min

Aug 22 (Reuters) - Russia's air force scrambled two jets to force two drones to stop reconnaissance near the Crimean peninsula, the Russian defence ministry said on Tuesday. "On August 22, the flight of two unmanned aerial vehicles MQ-9 Reaper and TB2 Bayraktar carrying out aerial reconnaissance in the area of the Crimean Peninsula was recorded over the Black Sea by means of the airspace control of the Russian Aerospace Forces," the ministry said. According to the statement, Russia scrambled two jets forcing the drones "to change the direction of the flight and leave the areas of aerial reconnaissance". Reporting by Maxim Rodionov; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Bayraktar, Maxim Rodionov, Jonathan Oatis Organizations: Russian Aerospace Forces, Thomson Locations: Crimean, Russia

☆ North Korea's space launch program and long-range missile projects
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +5 min

North Korean leader Kim Jong Un gives field guidance at the Seohae satellite launch site, in North Korea, in this photo released on March 11, 2022 by North Korea's Korean Central News Agency (KCNA). Dec. 12, 2012: North Korea successfully launches the Kwangmyongsong-3, putting an object in orbit. April 2013: North Korea establishes the National Aerospace Development Administration (NADA) which purports to pursue space exploration for peaceful purposes. Aug 29, 2017: North Korea fires an intermediate range missile over northern Japan, prompting warnings to residents to take cover. March 16, 2023: North Korea test launches the Hwasong-17 ICBM, its biggest missile, which some analysts believe incorporates technology for space launch vehicles.

Persons: Kim Jong Un, KCNA, Kim Jong Il, Hyon, ”, Kim, Jack Kim, Ed Davies, Josh Smith, Gerry Doyle Organizations: Korean Central News Agency, REUTERS, Rights, Japan's Coast Guard, ., North Korea, National Aerospace Development Administration, United, International, Japan, International Maritime Organization, Pacific, Thomson Locations: North Korea, North, Rights SEOUL, South Korea, United States, Korea, Pyongyang, Japan, U.S, East China

☆ The US Air Force is tinkering with an unusual design for its biggest planes as it prepares for a potential long-range war with China
▼ + stars: | 2023-08-20 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

The US Air Force sees all those qualities as vital for success in a war in the Pacific region. US Air Force/Air Force AssociationThe design blends the wings and the fuselage, "decreasing aerodynamic drag by at least 30% and providing additional lift," the Air Force said in a release. A US Air Force flight engineer guides an R-11 Refueler next to a C-5M cargo plane at Dover Air Force Base in Delaware in March. A C-130 Hercules lands at Northwest Field, next to Andersen Air Force Base on Guam in February 2010. JetZero has already unveiled a Blended Wing design that the company says will provide a midmarket commercial airliner that's more efficient than the planes it seeks to replace.

Persons: Frank Kendall, Kendall, Air and Space Forces Association . Chaudhary, O'Leary, Tom O'Leary, JetZero, Marco Gomez, Ravi Chaudhary, we've, Tom Jones, Albert Miller, Andrew G, Miller, Jones, Chaudhary, Kathleen Hicks Organizations: Pentagon, US Air Force, Service, Air Force, Air and Space Forces Association ., Air Force Association, The Air Force, Dover Air Force Base, Staff, Northrop Grumman, China's, Air Mobility Command, Northwest Field, Andersen Air Force Base, Refueling, KC, Air Force's, Department Locations: Pacific, Wall, Silicon, China, Delaware, Guam

☆ Ukraine is re-engineering a 36-foot-long Soviet-era missile system to strike inside Russia, UK intel says
▼ + stars: | 2023-08-20 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Ukraine is repurposing the Soviet-era S-200 surface-to-air missile system to strike inside Russia. The weapon, which weighs 7.5 tons and is 36 feet long, is used for ground attacks, the UK MoD says. The weapon also called the S-200 surface-to-air missile system, weighs 7.5 tons and is 36 feet long. Forbes reported in July that Kyiv might be repurposing the obsolete weapons for ground attacks to replace its diminishing stockpile of Tochka ballistic missiles. A video showed what appears to be a V-860 or V-880 missile, the munition used in the S-200 system, hitting the ground in Bryansk Oblast in Russia, just north of the border with Ukraine.

Persons: Forbes, Vladimir Putin Organizations: MoD, Russia's Aerospace Forces, Service, UK Ministry of Defence, GAMMON Locations: Ukraine, Russia, Wall, Silicon, Soviet, Moscow, Kyiv, Bryansk Oblast, Crimea

☆ India closes in on moon landing as Russia also races to lunar south pole
▼ + stars: | 2023-08-18 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +3 min

The Indian space agency launched the rocket carrying the spacecraft on July 14, blasting off from the country's main spaceport in the southern state of Andhra Pradesh. Rough terrain is expected to complicate a landing on the lunar south pole. A previous mission by India's space agency, the Chandrayaan-2, crashed in 2019 near where the Chandrayaan-3 will attempt a touchdown. Both India and Russia have national interests in successful landings and in claiming the historic first at stake. Russia's space agency Roscosmos has said the Luna-25 mission would spend 5-7 days in lunar orbit before descending to one of three possible landing sites near the pole.

Persons: Roscosmos, Luna, Narendra Modi's, Nivedita, Philippa Fletcher Organizations: ISRO, Handout, REUTERS, Rights, LM, Indian Space Research Organisation, Luna, India's, Skyroot Aerospace, Thomson Locations: Russia, Andhra Pradesh, India, Ukraine, Bengaluru

☆ Ethiopian Airlines to manufacture parts in venture with Boeing
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

An Ethiopia’s Airlines Boeing 737 Max 8 plane to take off on a demonstration trip to resume flights from the Bole International Airport in Addis Ababa, Ethiopia February 1, 2022. REUTERS/Tiksa Negeri Acquire Licensing RightsNAIROBI, Aug 18 (Reuters) - Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing (BA.N) at an initial cost of $15 million, the government's investment agency said on Friday. The state-owned carrier, which is the biggest in Africa, has already signed the deal that also involves the local state Industrial Parks Development Corporation, the Ethiopian Investment Commission said on X, formerly known as Twitter. The venture will make "aerospace parts, including aircraft thermo-acoustic insulation blankets, electrical wire harnesses, and other parts," the commission said. It was not immediately clear if Ethiopian Airlines has also suffered from similar lack of parts.

Persons: George Obulutsa, Duncan Miriri, Angus MacSwan Organizations: Ethiopia’s Airlines Boeing, Max, REUTERS, Tiksa, Acquire, Rights, Ethiopian Airlines, Boeing, Industrial Parks Development Corporation, Ethiopian Investment Commission, Twitter, Kenya Airways, Thomson Locations: Bole, Addis Ababa, Ethiopia, Rights NAIROBI, Africa, Ukraine

In an interview, O'Leary said this would not deter JetZero and its radical design. The Air Force said materials and manufacturing advances have made production more attainable. Whereas Boeing aimed to commission new engines for its abandoned project, JetZero says aerodynamic savings allow it to exploit existing models. Capital Alpha Partners analyst Byron Callan said the decision to back JetZero suggested Air Force "frustration" with traditional aerospace companies' use of cash to favor shareholders rather than bigger developmental risks. "One way to potentially change behaviors is to award contracts to smaller firms like JetZero," he wrote.

Persons: Carlos Barria, Tom O'Leary, O'Leary, they're, NORTHROP, Northrop Grumman, Ron Epstein, Byron Callan, JetZero, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, REUTERS, Rights, U.S . Air Force, The Air Force, Boeing, Airbus, Reuters, Air Force, Bank of America, Pratt, Capital Alpha Partners, Force, Thomson Locations: Arlington , Virginia, U.S, California, Asia, Kosovo

☆ Allegiant extends contract agreement with maintenance staff union by 2 years
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

An Allegiant Air MD-83 passenger jet takes off from the Monterey airport in Monterey, California, February 26, 2012. REUTERS/Michael Fiala/file photo Acquire Licensing RightsAug 17 (Reuters) - Allegiant Travel (ALGT.O) said on Thursday it has ratified a two-year extension of a contract agreement with Teamsters union representing some of its workers. Allegiant Air carrier parent said the agreement provides for significant increases in compensation rates and extends the contract by two years till Oct. 31, 2028 for 683 workers. The employee group includes line and heavy maintenance technicians as well as stores employees and some administrative maintenance staff, the company said. Earlier this week, Southwest Airlines (LUV.N) reached a tentative labor agreement with the union that represents about 17,120 transport workers who handle ramp, operations, provisioning and cargo.

Persons: Michael Fiala, Sourasis Bose, Shinjini Organizations: REUTERS, Teamsters, Allegiant Air, Southwest Airlines, Thomson Locations: Monterey, Monterey , California, Bengaluru

It's just too early to tell," said George Glassman, president of Glassman Automotive Group, which sells five automotive brands outside Detroit. Since then, VinFast shares have retreated, and were down 17.2% at $24.92 at midday on Thursday. The new hybrid sales plan is just another challenge and the luxury carmaker is already talking to dealers. U.S. dealers said there are too many unanswered questions, including how VinFast will distribute parts needed to make repairs. Several dealers said VinFast may need to offer sweetened profit margins to dealers to account for the added risk.

Persons: It's, George Glassman, VinFast, Le, Thuy, Scott Fink, I'm, Tesla, Andrew DiFeo, Augustine, Warren Browne, Rhett Ricart, Dealers, it's, Ricart, Beau Boeckmann, Boeckmann, Ben Klayman, Phuong Nguyen, Matthew Lewis Organizations: Nasdaq, U.S, Reuters, Glassman Automotive, Ford, General Motors, U.S ., Fink Automotive Group, VW, Subaru, GM, Hyundai, Ricart Automotive, Toyota, Honda, Galpin Motors, Thomson Locations: U.S, North America, Detroit, VinFast, Tampa , Florida, St, Jacksonville , Florida, Columbus , Ohio, Los Angeles, VinFast's, Vietnam, Hanoi

☆ BAE snaps up Ball's aerospace arm for $5.6 billion in its biggest deal ever
▼ + stars: | 2023-08-17 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. Shares in BAE Systems fell as much as 4.9%, while Ball Corp rose 2.7% in premarket trading. "We see this deal as a good fit, although slightly expensive," Jefferies analysts led by Chloe Lemarie wrote in a note. He also confirmed the 1.5 billion pound ($1.91 billion) share repurchase announced with its half-year results. The Colorado-based aerospace business made $1.98 billion in revenue and accounted for 13% of Ball's consolidated net sales in 2022.

Persons: Cheney Orr, Tom Arseneault, Chloe Lemarie, Charles Woodburn, Yadarisa Shabong, Chandini, Susan Mathew, Subhranshu Sahu, Jason Neely, Sharon Singleton Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Ball Corp, Jefferies, Reuters, Blackstone Inc, Veritas Capital Fund Management, BAE, General Dynamics Corp, Textron, Shore Capital, Britain's, British, Thomson Locations: Huntsville , Alabama, U.S, Ukraine, Colorado, Bengaluru

Cisco Systems (CSCO.O) gained 2.2% in premarket trading after the networking equipment maker's fourth-quarter results beat estimates, and its CEO talked up artificial intelligence opportunities. Traders' bets of a rate hike pause from the Fed in September slipped to 86.5% from about 89% a week earlier, according to CME Group's Fedwatch tool. Walmart results follow stronger-than-expected earnings from Target (TGT.N) and Home Depot (HD.N) earlier this week, marking an upbeat second quarter for major U.S. retailers. ET, Dow e-minis were up 37 points, or 0.11%, S&P 500 e-minis were up 16 points, or 0.36%, and Nasdaq 100 e-minis were up 72.5 points, or 0.49%. Reporting by Amruta Khandekar and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Thomas Martin, Oppenheimer, Amruta Khandekar, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Cisco, Dow, Nasdaq, U.S, U.S . Federal, Cisco Systems, Globalt Investments, Traders, Fed, Nvidia, Rosenblatt Securities, Walmart, Target, CVS Health Corp, Dow e, Ball Corp, BAE Systems, Thomson Locations: New York, U.S ., U.S, Bengaluru

☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

In 2023, Roblero found more clients and started making money from car detailing videos posted on his YouTube channel. But he kept thinking about starting a car detailing business, inspired by the effort he put into maintaining his own vehicle. But by then, he was earning enough to leave his 9-to-5 and focus on the car detailing business full-time. In January 2023, he started a YouTube channel, where he shares weekly behind-the-scenes videos of his car detailing process. But in September 2020, just three months after he started the company, Roblero's father collapsed from cardiac arrest.

Persons: Randy Roblero's, isn't, It's, Roblero, Randy Roblero, Mickey Todiwala, Randy, Donald Trump's, Roblero's, I'm Organizations: CNBC, YouTube, Nissan Altima, Palm Beach State College, Facebook, Google, Transportation, Sam's, Walt Disney World, Ford Locations: Palm Beach, West Palm Beach , Florida, Florida, hustles, Bailey , North Carolina, Guatemala, United States, —, Lago, America

☆ FTSE 100 falls at open on BAE drag, hawkish Fed minutes
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.4%, FTSE 250 off 0.3%Aug 17 (Reuters) - UK's FTSE 100 fell at open on Thursday driven by declines in defence stocks after BAE Systems slipped, while global sentiment turned cautious after minutes from the U.S. Federal Reserve's July meeting were perceived to be hawkish. The blue-chip FTSE 100 (.FTSE) was down 0.4% by 0711 GMT, while more domestically focussed FTSE 250 (.FTMC) dropped 0.3%. Shares of BAE Systems (BAES.L) fell 3% after the British defence group said it agreed to buy Ball Corp's (BALL.N) aerospace business for about $5.55 billion in cash. Precious metal miners (.FTNMX551030) fell 0.9% as gold prices touched five-month lows on a stronger dollar and rise in bond yields.

Persons: Toby Melville, Siddarth, Nivedita Organizations: London Stock Exchange, REUTERS, BAE Systems, U.S, U.S . Federal, Bank of Georgia, Thomson Locations: Canary Wharf, London, Britain, U.S ., Bengaluru

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