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☆ Ukraine's Air Force must ditch its Soviet-style approach to get the most out of F-16s
▼ + stars: | 2024-07-20 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

But only if the battered Ukrainian Air Force is capable and willing to drastically change the way it fights in the middle of the war. Finally, Ukrainian Air Force leadership must be incorporated into the Ukrainian General Staff to foster and facilitate integrated, all-domain concepts, planning, and employment." "The bottom line is that it will not be easy," Deptula, a retired US Air Force lieutenant general, told Business Insider. "It will take years for the Ukrainian military culture to shift from the model based on their Soviet military history, to Western military doctrine." For example, ground-based artillery and rockets can destroy Russian air defense systems, which enables Ukraine's air force to operate over the battlefield, and thus provide close air support to the army.

Persons: David Deptula, Christopher Bowie, Nichols, Goldwater, interservice, —, Mitchell, Deptula, Michael Peck Organizations: Service, Ukrainian Air Force, Ukrainian Armed Forces, Mitchell Institute, Ukrainian, Staff, US Air Force, Russian Air Force, Goldwater, Navy, Joint Chiefs, Missions, Army, Marines, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russia, Soviet, Grenada, Ukrainian, Forbes

☆ Interest rates are currently too restrictive: BMO's Yung-Yu Ma
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rates are currently too restrictive: BMO's Yung-Yu MaYung-Yu Ma, BMO Wealth Management chief investment officer, joins 'Money Movers' to discuss the week's market performance, his thoughts on rate cuts in September, and more.

Persons: BMO's Yung, Yu Ma Yung, Yu Ma Organizations: BMO Wealth Management

Morgan Stanley raised its price target on Rivian to $17 from $13. Analyst Frank Lee did raise his price target to $200 from $190, although he added that "the risk-reward is less attractive now." Guggenheim hiked the price target to $735 per share from $700. He did raise his price target for the stock to $225 from $180, although this price hike still implies that Tesla stock could fall 12%. Analyst Adam Jonas raised his price target on the stock to $17 from $13.

Persons: Morgan Stanley, Jefferies, Frank Lee, Lee, Lisa Kailai Han, Michael Morris, Morris, Guggenheim, — Jesse Pound, Morgan Stanley's Simeon Gutman, Gutman, Seth Sigman, Truist, – Samantha Subin, TD Cowen downgrades Charles Schwab, Charles Schwab's, TD Cowen, Bill Katz, Charles Schwab, Katz, mgmt, — Lisa Kailai Han, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath, Dan Levy, Levy, Dennis Geiger, Geiger, Thomas Fitzgerald, Fitzgerald, David Windley, UnitedHealth's, Windley, UNH, Adam Jonas, Rivian, Jonas, Fred Imbert Organizations: CNBC, HSBC, Qualcomm, Microsoft, Netflix, Guggenheim, Barclays, ISI, Citi, Mizuho, Bank of America, of America, Tesla, UBS, Sweetgreen, sss, IK, TD Cowen downgrades, Airlines, American Airlines, Delta, Jefferies, Presidential, Chevron, Volkswagen Locations: China, Tuesday's, Mayo, U.S, Tesla's, UnitedHealth, UNH's

☆ Jefferies names 'yet-to-be discovered AI play' in Taiwan, giving it 42% upside potential
▼ + stars: | 2024-07-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Jefferies has identified a lesser-known and potentially undervalued Taiwanese company poised to benefit from the growing artificial intelligence sector. The investment bank said Insyde Software, listed on the Taipei Exchange, is well positioned to capitalize on the increasing demand for AI-enabled personal computers and servers. Jefferies initiated coverage of Insyde with a research note titled "Firmware Leader and Yet-to-be Discovered AI Play" on July 9 with a "Buy" rating and a price target that suggests a potential 42% upside from current levels. However, the stock has already risen by more than 30% since the ratings action, according to FactSet data, which shows the stock currently offers 17% upside potential. Founded in 1998, Insyde has established itself in the firmware industry, commanding over 50% market share in the personal computer segment, Jefferies suggests.

Persons: Jefferies, Insyde, Matt Ma, — CNBC's Michael Bloom Organizations: Interactive, Microsoft, Nvidia, Qualcomm, Intel, Dell, HP Locations: Taipei, Taiwan

☆ My grandparents raised me, and the generational divide wasn't always easy. But I had the coolest great aunts, and my kids love them, too.
▼ + stars: | 2024-07-15 | by ( Nicole Johnson | ) www.businessinsider.com time to read: +4 min

Auntie Pauline lived in a ranch house with a pool in Long Island, New York. Auntie Joanne drove a Chevy Vega hatchback and was the first in the family to go to college. My Auntie Joanne took me to doctor's appointments, and Auntie Pauline had me over for Thanksgiving when I was in college in New York. After Auntie Joanne had her son, I became his unofficial nanny, accompanying them on vacations. When I had kids, my aunts loved them, tooWhen my children came along, my aunts loved them fiercely.

Persons: Auntie Pauline, Sy, Auntie Joanne, Joanne, Nicole, Pauline's Organizations: Service, Chevy Locations: Long Island , New York, Everett, New York, Boston

☆ The British Army has shrunk to its smallest size since the Napoleonic wars
▼ + stars: | 2024-07-13 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The British Army has shrunk to its lowest level since the early 1800s. That's a far cry from the Chinese army of 2 million soldiers, Russia's 1.3 million, or the 460,000 active-duty troops of the US Army. "As things stand, the British Army is a one-trick pony," Nicholas Drummond, a British defense expert and former infantry officer, told Business Insider. AdvertisementIn 1989, the British Army had 156,000 soldiers, or more than twice its present size. "Right now, the British Army cannot generate a single division, let alone two," Drummond said.

Persons: —, Napoleon, Nicholas Drummond, Rudyard Kipling, Tommy, Chuck, Drummond, Keir Starmer, Conservative government's, It's, Michael Peck Organizations: Service, British Army, US Army, Business, Britain's Army, NATO, Royal Navy, Treasury, Army, Labor, Conservative, Royal Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Romania, Bangladesh, Canada, Armenia, Russia, Washington, DC, Ukraine, British, Forbes

☆ Apple expands Vision Pro to more countries outside the U.S.
▼ + stars: | 2024-07-12 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The Apple Vision Pro headset is displayed at the Fifth Avenue Apple store on Feb. 2, 2024 in New York City. Apple's mixed reality headset, the Vision Pro, will become available in more countries outside of the U.S. on Friday. The Vision Pro will also hit the shelves in Canada, France, Germany and the U.K. when stores open. At one of Apple's largest stores in London on Regent Street, customers booked slots for demos with the Vision Pro. But the Vision Pro demos offer Apple a chance to convince people why they should drop $3,499 for its headset — far pricier than other mass-market headsets.

Persons: Bryan Ma Organizations: Apple, Fifth, Vision, Singapore –, Regent, International Data Corporation Locations: New York City, Australia, Canada, France, Germany, China, Hong Kong, Japan, Singapore, London

☆ 10 states with America's worst infrastructure, and most to gain from billions in federal dollars
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +16 min

To evaluate each state's infrastructure, our Top States study considers not just roads, bridges, ports and airports. The state broadband office notes that it is the nation's ninth-largest allocation per capita. The state's power grid is among America's least reliable, according to U.S. Department of Energy data. The severe weather means power outages are frequent as well. Since then, the power outages have persisted, making Maine's grid among the worst in the nation.

Persons: Pete Buttigieg, Seth Martindale, Rusty, Dan Koeck, Doug Burgum, Biden, Mark Miller, Suzanne Kreiter, Jim Justice, Senators Joe Manchin, Shelley Moore Capito, Mississippi Brenda Gavin, Elnora Ross, Michael Democker, Robert Gauthier, We're, Lauren Owens Lambert, Logan —, stoplights, Brianna Soukup, Lance King Organizations: Companies, Business, CNBC, Infrastructure Law, Arkansas Turrell, Arkansas Broadband Office, Law, Arkansas Economic Development Corporation, North Dakota, Washington Post, Peace Garden State, U.S . Department of Energy, Power Company, Dakota Utilities, Montana Bison, Getty, Industrial, Rte, Boston Globe, Census, U.S . Department of Transportation, West Virginia, Gov, U.S, Senators, West Virginia Coal Association, Justice, Manchin, Virginia Economic, First Street Foundation, Hawaii, Los Angeles Times, Afp, Boston Regional Airport, Spirit Airlines, Orlando, Logan, JetBlue, White Mountain Cable, Portland Press, Portland Press Herald, Central Maine Power, Power, Energy Department, Maine Locations: States, Arkansas, Arkansas Turrell Arkansas, Turrell Arkansas, Underwood, Peace, North Dakota, Minnesota, Dakota, Buffalo, Yellowstone, Montana, Massachusetts, Canton, Bay State, Boston, Kanawha, Poca, West Virginia, Winfield, Putnam County, Mountain State, Virginia, Mississippi, Louin , Mississippi, Gulf, BroadbandNow, Lahaina , Hawaii, Maui, Lahaina, Western Maui, Hampshire, Hampton , New Hampshire, Manchester, New Hampshire, New England, Maine, Epsom , New Hampshire, Brighton, Woodford Street, Portland, Alaska, Dalton, Coldfoot , Alaska

☆ Apple's slower rollout of AI features is not necessarily a huge issue, analyst says
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's slower rollout of AI features is not necessarily a huge issue, analyst saysBryan Ma, vice president of client devices research at IDC, discusses how Apple and Samsung giant are faring when it comes to artificial intelligence.

Persons: Bryan Ma Organizations: IDC, Apple, Samsung

☆ The AI chip race is minting thousands of new millionaires in Taiwan, but not everyone is benefiting
▼ + stars: | 2024-07-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

This number could surge by 47% to about 1.16 million millionaires by 2028, UBS predicts, leading the 56 global markets the bank analyzed in its report. AdvertisementThe US was home to nearly 22 million millionaires last year, per UBS. That number is expected to grow 16% to 25.5 million millionaires over the next five years. UBS attributes Taiwan's wealth growth to its semiconductor chip industry, which is "set to reap the rewards of the boom in artificial intelligence." The rise of the chip behemoth has created an entire tech ecosystem in Taiwan, much of which is centered on hardware.

Persons: —, TSMC, Ma Tieying Organizations: Service, UBS, Business, Taiwan Semiconductor Manufacturing Company, chipmaker, Apple, Nvidia, New York Stock Exchange, DBS Locations: Taiwan, Swiss, China

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Netflix, Meta, Tesla, Eli Lilly, Walmart, Microsoft, Oracle & more
▼ + stars: | 2024-07-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

TD Cowen reiterates Meta as buy TD Cowen raised its price target on Meta to $600 per share from $530. Bank of America downgrades Visa & Mastercard to neutral from buy Bank of America said it sees "limited upside" for the payment stocks. Bank of America downgrades WK Kellogg to underperform from neutral Bank of America said it sees weakening industry trends for WK Kellogg. "We're initiating coverage of Bausch + Lomb (BLCO) with an Outperform rating and $19 price target." Bank of America initiates Composecure as buy Bank of America said it's bullish on shares of the metal payment card manufacturer.

Persons: Bernstein, Iris, it's bullish, Argus, Teva, Piper Sandler downgrades, Piper, Jefferies, Redburn, Goldman Sachs, Tesla, Goldman, Eli Lilly, Morgan Stanley, Needham, BTIG, it's, TD Cowen, Meta, WK Kellogg, Cobra Kai, Truist, Nomura, Raymond James, Bausch Organizations: Iris Energy, Walmart, Fox Robotics, Spotify, Oracle, Barclays, Microsoft, Citi, Quest, Bank of America, MKS, Southwest Citi, Southwest Airlines, Amazon, YouTube, Meta, " Bank of America, Visa, Mastercard, of America, SNAP, Netflix, Apple, Nvidia Locations: Mounjaro, Alaska, Southwest, underperform

☆ When Tenants Get Illegally Locked Out, Landlords Often Win.
▼ + stars: | 2024-07-10 | by ( Cecilia Reyes | ) www.businessinsider.com time to read: +32 min

A handful of states, including Texas and Nevada, have set up dedicated systems designed to restore tenants to their homes after an illegal lockout. She and her family still don't have a new apartment, she said, and the eviction cases on her record don't help. BI reviewed two years' worth of lockout cases from the department and found city lawyers routinely dismissed tickets, often without documenting why. Bridget Bennett for Business InsiderThat afternoon, Brown had three cases on his docket in which tenants were alleging they'd been illegally locked out and dozens of cases in which landlords were seeking formal evictions. In 2022, Miami-Dade County passed a tenant's bill of rights that underlines the illegality of lockouts and limits a landlord's ability to harass tenants.

Persons: Henisha Dunn, Dunn, Zion Griffin, Griffin, Dunn's, Alyssa Pointer, —, Caryn Schreiber, Paul Panusky, He's, Jeffrey Uno, Uno, David Brogan, Griffin's, didn't, Brandon Johnson, Abel Uribe, Rolando Quebrado, lockouts, Quebrado, Pangea, Troy Marr, Marr, James Byczek, Byczek, Michael Dudek, wasn't, Dudek, Marr's, lockouts that's, David Brown, Bridget Bennett, Brown, they'd, They're, doesn't, Dana Karni, Karni, Brooke Boyett, Harris, Marlon Coleman, Coleman, Shay Awosiyan, Mr, Awosiyan, he'd, Callaghan O'Hare, Schreiber, Jay Trumbull, Trumbull, Tom Butler, Ron DeSantis, Joe Raedle, Florida's, Austin, Coleman's Organizations: Business, BI, Survey, Department of Justice, Legal, Foundation of Los, New, Apartment Association, Atlanta Legal, Chicago police, Police, Chicago, Nevada Business, Regional Justice Center, Las Vegas Regional Justice Center, Las Vegas Justice, Justice, Lone Star Legal, Harris County's, Administration, Houston, Texas Excel Property Management, Houston Police Department, Excel's Villa Nueva, Texas Excel, Apartments, Republican, Florida Realtors, Gov Locations: Georgia, New Jersey, Minnesota, California, Texas, Nevada, New York, Atlanta, Michigan, Foundation of Los Angeles, Fulton County, Chicago, Chicago's Jefferson, They're, Las Vegas, Harris County, Houston, In Texas, Harris, Greater Inwood, Miami, Dade County, Florida, Dallas, Applebee's

☆ AI tools and startups are helping workers bluff their way through job interviews. Just don't call it cheating.
▼ + stars: | 2024-07-09 | by ( Rob Price | ) www.businessinsider.com time to read: +12 min

Read previewMichael Guan wants you to use AI to bluff your way through that job interview. He's the cofounder and CEO of Final Round AI, a startup building artificial intelligence-powered tools for job seekers. There's a debate in Silicon Valley about the appropriateness of candidates using AI in job interviews. An AI-powered proxy interview demoArjun, a professional interview proxy, hopped on a call to explain how it worked and then gave a demo. Guan argued that using AI during a job interview isn't underhanded; it shows the worker's ingenuity.

Persons: —, Michael Guan, Otter.ai, There's, Guan shrugged, Otter, it's, Arjun, AiApply, Aidan Cramer, Cramer, Buddy, that's, résumé, Guan, Jay Ma, Copilot, Ma Organizations: Service, Business, AWS, Google, Microsoft, Hub, Intel, Nvidia, Wayback, Bureau of Labor Statistics, YouTube Locations: Silicon Valley, Facebook, WhatsApp, London, San Francisco, Francisco, China, Seattle, TikTok

☆ A European rival to HIMARS takes shape
▼ + stars: | 2024-07-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Europe is building a multiple rocket launcher that resembles America's HIMARS, the ground-fired weapon that took on the precision strike missions that Ukraine's battered air force couldn't. Many, such as France's LRU and Germany's MARS 2, are based on the U.S. M270, a tracked mobile rocket launcher, and its Guided Multiple Launch Rocket System rockets. One HIMARS launcher can carry six GMLRS rockets or one longer-range ATACMS ballistic missile. HIMARS rockets destroyed Russian ammunition depots and headquarters, disrupting logistics and command and control, and spurring Russian forces to move vital facilities deeper behind their lines. Collectively, such trends are prompting some militaries to consider possible alternatives to the US HIMARS system, though certainly that remains a major player in this competition for contracts."

Persons: HIMARS, KNDS, EuroPULS, hasn't, Emely Gonzalez, What's, Elbit, Lockheed Martin, that's, Elbit's PULS, James Black, Michael Peck Organizations: Service, Franco, Systems, Israel Defense Forces, High, Artillery, U.S ., US Marine Corps, HIMARS, Lockheed, Munitions, MARS, US Defense Department, RAND, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, HIMARS, Germany, Europe, Netherlands, Denmark, RAND Europe, Forbes

☆ Eyeing China, the Philippines wants to buy its first attack submarine
▼ + stars: | 2024-07-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Read previewAmid rising tensions with China, the Philippines is planning to buy its first submarine. AdvertisementChina and its neighbors have been at loggerheads for the past decade, after Beijing claimed sovereignty over most of the South China Sea, including islands and resource-rich waters. AdvertisementBut that leaves the question of how readily the Philippines Navy can operate a submarine. Chinese Coast Guard holding knives and machetes as they approach Philippine troops in the disputed South China Sea on June 17, 2024. Armed Forces of the Philippines via AP, FileA single submarine would do little to change the power imbalance between the Philippines and China.

Persons: —, Greg Poling, Ferdinand Marcos Jr, Thomas Shoal, Poling, Rodrigo Duterte, You've, Mark Manantan, Manantan, Michael Peck Organizations: Service, Business, Philippine Navy, Washington -, Strategic, International Studies, Diesel, Philippines Navy, Malaysia, Forum, Islamic, Philippine Communist Party, Coast Guard, Armed Forces, AP, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Philippines, Philippine, South China, Asia, Washington, loggerheads, Beijing, Vietnam, Malaysia, Sierra Madre, American, France, Spain, South Korea, Italy, Indonesia, Hawaii, Mindanao, Manila, Asian, Forbes

☆ Chinese millennials and Gen Zers have had enough of work, so they're embracing 'naked resignations'
▼ + stars: | 2024-07-06 | by ( Alexandra Bacon | Cheryl Teh | ) www.businessinsider.com time to read: +9 min

Advertisement'Naked resignation'One popular phrase on Chinese social media is "两点一线," which translates to "two points, one line." And discussion is rife on Chinese social media about 裸辞 — a term that translates, quite literally, to "naked resignation." Examples seen in BI's search of the keyword included "how much to save before naked resignation," "three things to consider before naked resignation," and "20 jobs to try after naked resignation." Advertisement"There are articles on Chinese social media criticizing gap years," she said, "arguing that it is a Western concept that does not adapt well to Chinese society." "There's a popular internet buzzword among Chinese young people, "Gai溜子," which can be roughly translated to "drifter" on the street," Lim added.

Persons: —, Jack Porteous, Tong, Porteous, aren't, Laurence Lim, Sally Maier, Yip, Qilai Shen, Lim, It's, Jack Ma, Qu Jing, Jenny Chan, Gen, Gai 溜 Organizations: Service, Business, Tong Global, Twitter, Publishing, Getty, Cherry, Consulting, Pictures, National Bureau of Statistics, Baidu, Hong Kong Polytechnic University Locations: China, Weibo, Xiaohongshu, Europe

With plenty of dates still remaining in their 2024 tour, there are a few avenues for how to buy Foo Fighters tickets this year. We've got you covered if you're looking for how to get tickets to Foo Fighters' 2024 tour. Foo Fighters 2024 tour scheduleFoo Fighters' European tour concludes on July 7, 2024. How to buy tickets for Foo Fighters 2024 concert tourYou can buy original tickets to Foo Fighters' 2024 Everything Or Nothing at All Tour on Ticketmaster. The least expensive standard original tickets for Foo Fighters' 2024 tour begin at $36 for the band's August 3 show in Denver.

Persons: Dave Grohl, Grohl, Nate Mendel, Chris Shiflett, Pat, Josh Freese, Rami Jaffee, We've, Alex G, they'll Organizations: Business, Foo Fighters, Fighters, Ticketmaster, Denver, Vivid, WA Mammoth, WA Locations: Seattle, North America, Europe, New York City, United States, Bridgeport , Connecticut, Werchter, Belgium, York City, NY, Boston, Hershey, Cincinnati, Minneapolis, Denver, San Diego, Los Angeles, CA, Concord, Portland, WA, Bridgeport, Cincinnati ,, Los Angeles , CA, Hershey ,, San Diego ,, Los Angeles ,, San Diego , CA

☆ For China's AI players, 2024 is a 'year of small models,' analyst says
▼ + stars: | 2024-07-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFor China's AI players, 2024 is a 'year of small models,' analyst saysWinston Ma, adjunct professor of law at the New York University School of Law, says because of U.S. sanctions, China's artificial intelligence players are facing issues with their financing and computing capabilities, forcing them to focus on the commercialization and application of large language models rather than the models themselves.

Persons: Winston Ma Organizations: New York University School of Law

☆ Investors wondering if the S&P 500's strong year can continue should watch this key chart metric, says Bank of America
▼ + stars: | 2024-07-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors deliberating whether the stock rally can continue in the second half of 2024 should keep an eye on the 200-day moving average, according to Stephen Suttmeier, technical research strategist at Bank of America Securities. The indicator, which is used by chart analysts to determine long-term trends, has been positive during the first six months of the year — as the S & P 500 surged 15% to record levels. The broad market index did not have a single daily close below its 200-day moving average in the first half. However, if the S & P 500 falls below its 200-day moving average in the second half of 2024, that will mean weaker returns, the technician said. "[This] scenario shows average and median returns of 0.60% (SPX 5490) and 2.43% (SPX 5590), respectively," the technician said.

Persons: Stephen Suttmeier, Suttmeier, Stocks, Donald Trump Organizations: Bank of America Securities, U.S, Federal Reserve

☆ China and Russia are in a bad marriage that the West shouldn't try to break up
▼ + stars: | 2024-06-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +10 min

Already, Russia's military and China's People's Liberation Army have held around 25 joint exercises since 2005, involving ships, aircraft and ground troops. Equally important is that China has become a key enabler of Russia's war in Ukraine. Advertisement"Policymakers and planners should avoid overestimating the state of military cooperation and operational integration that exists between Russia and China," RAND warned. AdvertisementDespite boasting of their military ties, Russia and China don't have much faith in each other's military prowess. In their 2001 friendship treaty, China and Russia did agree to consult with each other should either nation be attacked.

Persons: Mladen Antonov, Russia's, Mark Cozad, Cozad, Hitler, Michael Peck Organizations: Service, Communist, Business, NATO, RAND Corp, Liberation Army, British, RAND, PLA, People's, Army, Russian, Grand Alliance, Western Allies, Central, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Soviet Union, China, Beijing, Moscow, U.S, Russian, Europe, Taiwan, Ukraine, Russia, Britain, South Korea, America, Vietnam, Korea, Syria, West, Central Asia, United States, Forbes

☆ Opinion: How South Africa’s former president Jacob Zuma used Trump’s playbook – and lost
▼ + stars: | 2024-06-26 | by ( Opinion Sean Jacobs | ) edition.cnn.com time to read: +13 min

But the figure of former President Jacob Zuma and his new political party uMkhonto – or simply “MK” – provoked more reaction. Jerome Delay/APMoreover, according to Herman, pro-Zuma conspiracy theories and propaganda, some with Russian fingerprints, had been flooding South African social media in the lead-up to the election. And even as Zuma takes pages from Trump’s playbook, South Africans may be telling a different narrative. Facing pressure, Zuma resigned as South African president in 2018. Though some South Africans still admire the US’ capitalist spirit, I find that the South African friends who visit me in the US don’t always feel at ease anymore.

Persons: Sean Jacobs, Cape Town CNN —, Read, Nelson Mandela –, Jacob Zuma, uMkhonto, ”, –, Herman Wasserman, Herman, Zuma, Donald Trump’s, Jerome Delay, Trump’s, Mandela, Michele Spatari, Duduzile, Jacob Zuma's, MK’s, Zuma’s, “, jestingly liken Donald Trump, Jacob Zuma of, Putin, playbook, Nelson Mandela, Alexander Joe, Trump, “ I’ve, it’s Biden, won’t Organizations: CNN, New School, Cape Town CNN, African National Congress, Zulu, Stellenbosch University, Former South, ANC, Getty, Democratic Alliance, DA, South, Trump, Jacob Zuma of America, Durban, International Court of Justice, Global Locations: Africa, South Africa, Stellenbosch, Cape Town, America, Taiwan, Germany Riding, United States, Orlando, Soweto, Johannesburg, Trump’s playbook, South, Robben, Orange Farm, AFP, Cape, Durban, Russia, States, China, Israel, New York City

☆ An S&P 500 10% correction is likely this summer, says Piper Sandler
▼ + stars: | 2024-06-26 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

"However, the longer these warning lights flash, the more painful the repair bill (market correction) will be," Johnson said. .SPX YTD mountain S & P 500 Stocks have surged this year largely due to the outperformance of artificial intelligence mega-cap technology companies such as Nvidia. The S & P 500 and Nasdaq Composite are higher this year by roughly 15% and 18%, respectively. Just last week, the S & P 500 breached 5,500 for the first time. Johnson anticipates the S & P 500 will end the year at 5,050, or 7% lowerthan where it closed Tuesday.

Persons: Piper Sandler, Craig Johnson, Johnson Organizations: Nvidia, Nasdaq Locations: Tuesday's

☆ For many Muslim pilgrims, a dangerous unauthorized Hajj is the only option
▼ + stars: | 2024-06-25 | by ( Magdy Samaan | Clamping Down On Unauthorized Pilgrimage | ) edition.cnn.com time to read: +11 min

He was among the more than 1,300 pilgrims who died during this year’s Hajj as temperatures in Saudi Arabia reached record levels. The tragedy, resulting in one of the highest Hajj death tolls in years, has brought attention to the shadowy industry of unauthorized pilgrimage agents. It is unclear how many unauthorized pilgrims made it to this year’s Hajj, but Saudi news outlet Al Sharq Al Awsat reported Tuesday that 141,000 such pilgrims received free medical treatment during the Hajj season. Clamping down on unauthorized pilgrimageBefore this year’s Hajj season started, Saudi authorities warned pilgrims against using agents selling unauthorized Hajj packages and had been in contact with other governments in an effort to crack down on the trend. Authorities had also arrested some illegal agents and issued warnings about penalties for those found to assist unauthorized pilgrims.

Persons: Cairo CNN —, Mahmoud, Salem, “, Abdelzaher Abdo Salem, Om Waleed, Abdelzaher, Mount Arafat, Salem’s, ” Mahmoud, –, Atef, ”, ” Aglan, Aglan, Al Sharq Al Awsat, Hania Hassan Salama, Salama, Mustafa Mohammed, Ahmad, General Muhammad bin Abdullah Al, Rafiq Maqbool Organizations: Cairo CNN, Al, Ma’aisam, Saudi, Egyptian Travel Agents Association, CNN, Hajj, Authorities, Public Security, Hajj Security Locations: Cairo, Abdo Salem, Mecca, Egypt, Saudi Arabia, Salem, Abdelzaher, Mount, Mina, “, AFP, Saudi, Medina , Saudi Arabia

☆ ‘World’s ugliest dog’ is a long-tongued frizz-ball called Wild Thang
▼ + stars: | 2024-06-24 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

And the annual World’s Ugliest Dog contest unearthed some true diamonds in the ruff on Friday when it was held at the Sonoma-Marin Fair in Petaluma, California. Wild Thang, an 8-year-old Pekingese, was crowned the winner and collected the $5,000 prize after five previous attempts. Rome, a 14-year-old pug, walks the red carpet during the annual World's Ugliest Dog contest. “He is just a sweet dog – I was just holding him and he loves to be held and cuddled. Justin Sullivan/Getty ImagesA 14-year-old, one-eyed pug named Rome snagged second place, making his first appearance in the competition.

Persons: ruff, ”, Fiona Ma, Thang, Josh Edelson, He’s, Ma, Daisy Mae, Justin Sullivan, pug, Rome, “, Ozzie, Ozzie – Organizations: CNN, Sonoma, Marin, Associated Press, Getty Locations: Petaluma , California, Wild, Rome, AFP, California, Ukraine

☆ Tesla setting up for a counter-trend rally, according to the charts
▼ + stars: | 2024-06-24 | by ( Will Tamplin | Fairlead Strategies | ) www.cnbc.com time to read: +7 min

However, our technical indicators suggest a bigger counter-trend rally could be in store for TSLA in the weeks ahead. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: TSLA Organizations: Nvidia, TSLA, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: TSLA

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