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☆ AI is unlocking new uses for military drones, boosting demand for these companies
▼ + stars: | 2024-08-18 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

We're approaching a new era of defense, one that will use AI-enabled military drones that can run without a human operator. According to BTIG, the DoD requested $5.3 billion in fiscal year 2025 for unmanned systems, most of which is directed at procurement programs. The firm forecasts the DoD's entire unmanned funding requests to grow at a 9.5% compound annual growth rate through fiscal year 2029. General Dynamics is another of Madrid's buy-rated stock in the unmanned systems arena. Strong demand of its defense products, including ammo and ground vehicles, also indicate earnings growth potential, the analyst added.

Persons: Andre Madrid, BTIG, spender, They've, Stocks, Northrop, Lockheed Martin, Morgan Stanley, Kristine Liwag, Liwag, Northrop Grumman, Madrid, Northrop's, It's, Atomics, You've, they've, Kratos, Morgan Stanley's Liwag Organizations: U.S . Department of Defense, DoD, Aircraft, Air, U.S . Navy, U.S . Air Force, Pentagon, CCA, Department of Defense, Dynamics, Kratos Defense, Security Solutions, Northrop Grumman, Lockheed, Air Force, Raider, Defense, Northrop, Boeing, FactSet, General Dynamics, U.S . Army Locations: Nagorno, Karabakh, Ukraine, Madrid, France

☆ China rocket launch creates cloud of space debris in low-Earth orbit
▼ + stars: | 2024-08-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —One of China’s Long March 6A rockets has broken apart in low-Earth orbit and created a debris cloud consisting of hundreds of pieces, according to multiple space debris-tracking entities. And the reason for the rocket breakup remains unknown. Everything in low-Earth orbit travels at 17,500 miles per hour, Crassidis said. It’s the second time one of these rocket bodies has experienced a significant breakup event in low-Earth orbit, according to Victoria Heath, associate director of marketing and communications for LeoLabs. “Events like this highlight the importance of adherence to existing space debris mitigation guidelines to reduce the creation of new space debris and underscore the need for robust space domain awareness capabilities to rapidly detect, track, and catalog newly-launched space objects so they can be screened for potential conjunctions.”

Persons: China’s, SpaceX’s, “ USSPACECOM, ”, Rob Margetta, LeoLabs, John L, Crassidis, “, It’s, Victoria Heath, Audrey Schaffer Organizations: CNN, Taiyuan Satellite, Shanghai Spacecom, Satellite Technology, Space Command, US Department of Defense, NASA, International, Network, University, Buffalo’s School of Engineering, Applied Sciences, LeoLabs, Aerospace Locations: Taiyuan, Shanghai, Victoria

See our picks for the best debt consolidation loans »PenFed Personal Loan FeaturesPenFed Credit Union Personal Loan amounts range from $600 to $50,000. For example, Navy Federal Credit Union Personal Loan amount range is $250 to $50,000, and the range for Connexus Credit Union Personal Loan is $2,500 to $25,000. PenFed Personal Loan Pros and ConsPenFed Credit Union Personal Loan ProsWide range of loan amounts. PenFed Personal Loan ConsYou have to be a member to get your loan. Yes, PenFed Credit Union is a legitimate credit union federally insured by the National Credit Union Administration.

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☆ I have stiff-person syndrome. It's hard to diagnose and treat, so I plan to travel the country in an RV looking for answers.
▼ + stars: | 2024-08-07 | by ( Kelly Burch | ) www.businessinsider.com time to read: +7 min

I have stiff-person syndrome. I've only been living with symptoms for 15 months, but stiff-person syndrome has changed my life. This is stiff-person syndrome." Our first stop is the University of Colorado, which is at the cutting edge of clinical trials for stiff-person syndrome. Friends with stiff-person syndrome have also suggested I visit the Mayo Clinic and a specialist in northern California.

Persons: Carrie Robinette, Jared, It's, Celine Dion, wasn't, I've, haven't, Sham, Dholakia, I'm Organizations: Service, San Diego, Business, Department of Defense, SPS, University of Colorado, Mayo Clinic Locations: San, Washington ,, San Diego, Southern California, California

☆ This tech stock is enabling the 'AI goldrush' and can surge nearly 25%, Bank of America says
▼ + stars: | 2024-08-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

While several tech giants have taken a hit amid the crushed hype around artificial intelligence, Palantir Technologies is an AI beneficiary that is here to stay, according to Bank of America. "We liken the market, industry, and investor attitudes toward AI to that of the California gold rush," Mora wrote in a Tuesday note to clients, adding that the "AI rush" appears to have run dry given the recent tech sell-off. "As it was with the gold rush, the real benefactors were the entrepreneurs that supported the rush. "PLTR is well-positioned as enriched data, connectivity, and interoperability are what define the new era of defense," the analyst said. The firm kept its underweight rating and $20 price target on the stock.

Persons: Mariana Mora, Mora, —, Palantir, Morgan Stanley Organizations: Technologies, Bank of America, Chief, Artificial Intelligence, Department of Defense, Applications Government, U.S ., Deutsche Bank Locations: California

☆ The US Navy is on its fourth aircraft carrier as its warships react to fighting in the Middle East
▼ + stars: | 2024-08-05 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewThe US Navy is sending another aircraft carrier to the Middle East. AdvertisementThe aircraft carrier USS Abraham Lincoln, right, follows the guided missile cruiser USS Cape St. George as the ships transit the Strait of Hormuz in May 2012. A carrier strike group consists of a carrier, its air wing, and other warships like destroyers and cruisers. The US also deployed the Dwight D. Eisenhower Carrier Strike Group to the Eastern Mediterranean as regional tensions flared. It then pivoted to the Middle East to defend merchant shipping lanes in the Red Sea and Gulf of Aden from Houthi attacks.

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☆ U.S. increasing military presence in Middle East after Hamas leader's killing
▼ + stars: | 2024-08-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +3 min

Defense Secretary Lloyd Austin on Friday ordered more destroyers and other military forces to the Middle East following this week’s assassination of Hamas’ political leader in Iran, the military said. The U.S. military statement does not specifically mention Haniyeh's killing. "The Department is also taking steps to increase our readiness to deploy additional land-based ballistic missile defense," the Pentagon statement said. Israel declared war against Hamas and its leaders after the Oct. 7 attacks launched from Gaza, which Hamas controls. Israel’s military has declared the Hamas leader in Gaza, Yahya Sinwar, a "dead man walking."

Persons: Lloyd Austin, Theodore Roosevelt —, Ismail Haniyeh, Sabrina Singh, Haniyeh, ”, Singh, Austin, Israel, Yahya Sinwar, Yoav Gallant, Benjamin Netanyahu Organizations: USS Lincoln, Department of Defense, Pentagon, Hamas, U.S . European Command, U.S . Central Command, USS, Israel, Defense Department Locations: Iran, —, U.S, Israel, Gaza, USS Lincoln, Lebanese

☆ Sean Grayson’s fatal shooting of Sonya Massey highlights risky practice of hiring ‘wandering officers’
▼ + stars: | 2024-08-03 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +20 min

The suspension of former Sangamon County Sheriff’s Deputy Sean Grayson’s law enforcement certificate came only after he was fired and charged with murder. Sean Grayson, a deputy with the Sangamon County Sheriff’s Office, faces multiple charges in the shooting death of Sonya Massey. ‘We can’t have you in our uniform’Grayson worked at six Illinois law enforcement agencies over a four-year period. Then he started working full time with Auburn police, the Logan County Sheriff’s Office, and finally the Sangamon County Sheriff’s Office in May 2023. The union representing Illinois law enforcement officers said it will not challenge Grayson’s termination.

Persons: Sonya Massey, Sean Grayson’s, Grayson, Massey, “, they’ve, ”, Christy Lopez, Obama, Lopez, “ It’s, ” Lopez, Sean Grayson, It’s, CNN Grayson, Daniel Fultz, Jack Campbell, ” “ Grayson, ” Campbell, ” Grayson, Campbell, Brian Grisham, Bryce Dubee, “ Sean P, Kincaid, KSHB, ” Grisham, Grayson “, Logan, admonishing Grayson, “ I’m, George Floyd, Derek Chauvin, Floyd, Chauvin, Michael Brown, Ferguson, –, it’s, Barack Obama’s, ” Laurie Robinson, ” Decertification, Grisham, “ We’ve, Holly Yan, Bill Kirkos, Amanda Musa, Andy Rose, Chris Boyette, Brad Parks, Dakin Andone Organizations: CNN, Army, International Association of Chiefs, Police, Georgetown University, US Justice Department, Illinois, US Army, Department of Defense, Kincaid Police Department, KSHB, International Association of, DOD, Board, Auburn Police Department, Pawnee, Auburn police, Office, Auburn, Sangamon County Sheriff’s, of Police Labor Council, George Floyd Justice, Minneapolis Police, Internal Affairs, Ferguson Police Department, Justice Department, George Mason University, Peace, Yale Law, “ Police Locations: Illinois, Sangamon County, Sangamon, Fort Riley, Kansas, Macoupin, Logan, Logan County, Missouri, Ferguson, St, Louis County, “, California , Massachusetts, Minnesota , Tennessee , New York , New Jersey, Texas

☆ Why Ukraine May Not Use New F-16s in Frontline Attacks
▼ + stars: | 2024-08-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Officials later confirmed to the Associated Press that some F-16s were indeed in Ukraine. AdvertisementThis means Ukraine may not use its F-16s for the frontline offensives it would prefer, according to military experts and Ukraine's top general. Peter Layton, a fellow at the Griffith Asia Institute who served in Australia's air force, said Ukraine would have to be cautious. He said its small number of aircraft and few pilots would mean Ukraine has to prioritize avoiding losses, so it can fly the F-16s as long as possible. Ukraine also faces challenges when it comes to logistics around the F-16s.

Persons: —, Netherlands —, Peter Layton, Justin Bronk, Gen, Oleksandr Syrskyi, Marina Miron, Volodymyr Zelenskyy Organizations: Service, Bloomberg, Associated Press, NATO, Business, Times, Griffith Asia Institute, Russian, Royal United Services Institute, Guardian, War Studies Department, King's College London, Department of Defense, Politico, Washington Post, Reagan Locations: Ukraine, — Belgium, Denmark, Norway, Netherlands, London, Russia, Col, Ukrainian

Top Military Banks of 2024Compare the Best Military Banks and Credit UnionsThe best military banks and credit unions offer benefits to military members and their families. Competitive Rates and Low FeesThe best military credit unions and banks, just like the best credit unions and banks for civilians, offer great rates and low fees. The Best Military Banks and Credit Unions FAQsWhat advantages do military banks and credit unions offer over civilian banks? Military banks and credit unions provide services that address the challenges military members experience. For our guide we looked at military banks, military credit unions, and financial institutions that aren't specifically for the military but have products geared toward military members.

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☆ Rapid renewable energy growth leads FBI to warn hackers will hit new, vulnerable power supply
▼ + stars: | 2024-07-29 | by ( Michelle Castillo | ) www.cnbc.com time to read: +6 min

Government incentives, including the Inflation Reduction Act, have encouraged individuals and private ownership groups to invest in clean energy systems. The renewable energy industry's rapid expansion in the U.S. in some cases is occurring without traditional utility protocols and regulations. The boom in renewable energy has also led manufacturers of products and services to ramp up their offerings. Inverters connected to the internet, in particular, could be controlled by hackers to reduce output or overheat home energy systems. Other major players in the U.S. utilities and renewable energy sector, including Next Era Energy, Constellation, Enphase Energy, First Solar and Sunrun, did not respond to requests for comment.

Persons: Jim Hempstead, SEIA, Bheshaj Krishnappa, Freddie Mac, Moody's, Jim Guinn Organizations: FBI, U.S . Energy Information Administration, Metropolitan Washington Council, Governments, Department of Defense, U.S ., Solar Energy Industries Association, Department of Energy Solar Energy Technologies Office, Constellation Energy, Corporation, cybersecurity, Cybersecurity, GE Vernova, Constellation, Enphase Energy Locations: U.S, California , Utah, Wyoming, United States, China, Russia, Iran, cyberattacks

☆ Biden administration announces new $1.7 billion lethal aid package for Ukraine
▼ + stars: | 2024-07-29 | by ( Michael Conte | ) edition.cnn.com time to read: +2 min

CNN —The Biden administration announced on Monday a new lethal aid package for Ukraine totaling about $1.7 billion and largely consisting of missiles and ammunition for missile, artillery and air defense systems the US has previously provided to Ukraine. The administration says this is their 20th “USAI package and sixty-second tranche of equipment to be provided from DoD inventories for Ukraine and since August 2021,” according to the release. The USAI package includes missiles for Ukraine’s National Advanced Surface-to-Air Missile Systems (NASAMS), a key air defense platform. It also includes ammunition for Ukraine’s High Mobility Artillery Rocket System (HIMARS), a weapons platform that Ukraine has recently been using to strike effectively in Russian territory. The package also includes artillery ammunition, one of Ukraine’s top requests.

Persons: CNN —, Antony Blinken, ”, Biden, ” Blinken Organizations: CNN, Biden, Ukraine Security Assistance Initiative, Defense Department, The Defense Department, US Department of Defense, Authority, Air Missile Systems, Ukraine’s High Mobility Artillery Locations: Ukraine, United States

☆ Sean Grayson, who killed Sonya Massey, was removed from the Army for serious misconduct, had DUIs and needed ‘high stress decision’ classes, records show
▼ + stars: | 2024-07-27 | by ( Holly Yan | Bill Kirkos | Amanda Musa | ) edition.cnn.com time to read: +9 min

He also failed to obey a command while working for another sheriff’s office in Illinois and was told he needed “high stress decision making classes,” the agency’s documents reveal. Bodycam footage from another deputy showed Massey saying she rebuked Grayson, and Grayson responded by threatening the 36-year-old. In May 2022, Grayson started working at the Logan County Sheriff’s Office in Illinois, records show. Then he started working full-time with Auburn police, the Logan County Sheriff’s Office, and finally the Sangamon County Sheriff’s Office in May 2023. He resigned from the Logan County Sheriff’s Office in April 2023.

Persons: Sean Grayson, Sonya Massey, Grayson, Massey, Breonna Taylor, Atatiana Jefferson, Massey “, Ben Crump, Daniel Fultz, ” Grayson, DUIs, Crump, Bryce Dubee, “ Sean P, KSHB, Kincaid, “, Grayson “, ” “, Jack Campbell, “ Sonya Massey, ” Campbell, “ Grayson, ”, Malachi, ” Malachi, Jesus, ” Massey, Massey’s, Brad Parks, Natasha Bertrand, Emma Tucker, Eric Levenson Organizations: CNN, Army, Department of Defense, Kincaid Police Department, KSHB, Auburn Police Department, Pawnee, Auburn police, Office, Auburn, Massey Locations: Illinois, Sangamon County, Fort Riley, Kansas, Macoupin, Logan, Lincoln, Logan County, Sangamon County –, Massey

In order to qualify for the Navy Federal More Rewards American Express® Card, you must be a member of the Navy Federal Credit Union. If you're a Navy Federal Credit Union member and are seeking a card with a traditional welcome offer in the form of points or cash back, other comparable options include the Navy Federal Credit Union Visa Signature® Flagship Travel Rewards Credit Card and the Navy Federal Credit Union cashRewards Credit Card. How to earn rewards from the Navy Federal More Rewards cardThe Navy Federal More Rewards American Express® Card features an impressive rewards structure — akin to notable cards such as the Chase Sapphire Preferred® Card, Citi Strata Premier℠ Card , and American Express® Gold Card. Cardholders can earn 3x points at restaurants and on food delivery, 3x points at supermarkets, and 3x points on gas and transit. Navy Federal More Rewards American Express card benefits and featuresThe Navy Federal More Rewards American Express® Card won't overwhelm you with robust benefits like airport lounge access or hotel elite status, but it does feature several noteworthy perks.

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☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Microsoft, Amazon, Advanced Micro Devices and more
▼ + stars: | 2024-07-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley raised its price target on the iPhone maker to $273 per share from $216. Morgan Stanley downgrades BP to equal weight from overweight Morgan Stanley downgraded the oil major due to "weak earnings." Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it has "increased clarity" on AI monetization. Citi names KLA Corp. a top pick Citi raised its price target on the semiconductor equipment maker to $980 from $760. Morgan Stanley downgrades Rocket Lab to equal weight from overweight Morgan Stanley said it sees a "limited catalyst path" for the space company.

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☆ Jeff Bezos commends Trump's 'grace and courage under literal fire' after shooting at rally
▼ + stars: | 2024-07-14 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Read previewJeff Bezos commended Donald Trump after a rally shooting in Butler, Pennsylvania, on Saturday, breaking a nearly nine-month hiatus on X. So thankful for his safety and so sad for the victims and their families," the Bezos wrote on X. AdvertisementIn 2019, Trump mocked Bezos, calling him "Jeff Bozo," appearing to revel in his impending divorce with MacKenzie Scott. The former president also bashed The Washington Post, which Bezos owns. Glad that President Trump is safe and hoping he recovers quickly," Jassy wrote on X.

Persons: —, Jeff Bezos, Donald Trump, Trump, Bezos, Jeff Bozo, revel, MacKenzie Scott, Andy Jassy, Jassy Organizations: Service, Business, Big Tech, Amazon, Washington Post, Amazon Washington, Department of Defense, Microsoft, Web Services, The Department of Defense, Trump Locations: Butler , Pennsylvania, Pennsylvania

☆ How Boeing defrauded the United States and escaped with a slap on the wrist
▼ + stars: | 2024-07-13 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +10 min

Boeing agreed to plead guilty to a charge that it defrauded the Federal Aviation Administration, hiding crucial information about a design flaw on the 737 Max during its original certification process. Boeing attorneys had it as part of their mission to make sure that its executives did not face any criminal charges, Lindquist said. A Boeing spokesman said the company had no comment about the anticipated guilty plea or the case beyond a brief statement confirming the agreement. Another way to make executives payEven if there are no criminal charges brought against executives, they can face significant penalties, Arlen said. Why Boeing will keep its government contractsThe most serious penalty that Boeing could face is by far the least likely – it could be barred from federal government contracts due to its guilty plea.

Persons: Critics, ”, Peter Goeltz, Goeltz, “ I’m, Moody’s, Paul Cassell, Jemal Countess, “, Mark Lindquist, Lindquist, FAA ”, Mark Forkner, ” Lindquist, there’s, that’s, Arlen, Dave Calhoun, Dennis Muilenburg, Calhoun, Max, Patrick Ryder, Robert Clifford, – CNN’s Natasha Bertrand Organizations: New, New York CNN, Boeing, Federal Aviation Administration, National Transportation Safety Board, CNN, ”, Alaska Airlines, Justice Department, FAA, Volkswagen, University of Utah, Ethiopian Airlines, Max, Alaska Air, DOJ, “, Department of Defense, Pentagon, Air Force, Department of Justice, they’re Boeing Locations: New York, Alaska, Indonesia

☆ The US Navy needs to find more ships it can load up with missiles amid shipbuilding delays, Congress says with eyes on China
▼ + stars: | 2024-07-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCongress has requested that the US Navy conduct a study looking into other ships it can arm with missiles given the pressing need to maintain US naval power amid ongoing shipbuilding delays. AdvertisementThe committee report added that it doesn't believe the Navy is adequately preparing to meet requirements for those capabilities in the near-term. Related storiesThe request comes in response to delays on the first new Constellation-class guided missile frigate, which won't be delivered until at least 2029, three years behind schedule, per a Navy report earlier this year. Newport News Shipbuilding workers and Navy sailors walk past the USS George Washington as it rests pier side.

Persons: —, George Washington, Jonathon Gruenke, Frank Kendall, Carlos Del Toro Organizations: Service, US Navy, Business, US Senate Armed Services Committee, Pacific Command, Navy, Newport News Shipbuilding, Virginian, Tribune, Getty, Columbia, Department of Defense, Air Force, Commonwealth of Locations: China, People's Republic of China, Columbia, Okinawa, Guam, Commonwealth, Northern Mariana

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