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By Nidal al-Mughrabi and Ibraheem Abu MustafaDOHA/GAZA (Reuters) - The toll of Palestinians killed in Israeli strikes on Gaza since Oct. 7 has passed 25,000, health officials in the enclave said on Sunday, amid heavy Israeli strikes and street battles raging across the Hamas-run Strip. Gaza's health ministry said 178 Palestinians were killed in the past 24 hours, one of the deadliest days so far of the war. A total of 25,105 Palestinians have been killed and 62,681 have been injured in Israeli strikes since Oct. 7, the Gaza ministry said in a statement. Finding food for the family, for the children, has become a more challenging adventure than surviving war," Amer, 32, a father of three who lives in northern Gaza, told Reuters. The Palestinian Health Ministry there said Israeli forces have killed 360 Palestinians since Oct. 7.
Persons: Nidal, Abu Mustafa, Khan Younis, Amer, Gazans, Anas Al, Sami Abu Zuhri, Ali Sawafta, Ari Rabinovitch, Nidal al, Frances Kerry Organizations: Hamas, Reuters, West Bank, Palestinian Authority, Palestinian Health Ministry Locations: Abu Mustafa DOHA, GAZA, Gaza, Jabalia, Israel, Hamas, Gaza City, Palestinian, Sharif, Rafah, Ramallah, Jerusalem
(Adds media codes, fixes spelling in paragraph 4)JERUSALEM (Reuters) -At the end of a kilometer-long, booby-trapped tunnel in the Gaza Strip, Israeli soldiers discovered cramped cells where the military said Hamas kept about 20 hostages. The military released photos from the underground labyrinth and said it brought in journalists to document the tunnel before it was destroyed. "The soldiers entered the tunnel where they encountered terrorists, engaging in a battle that ended with the elimination of the terrorists," Hagari said. Some of the hostages kept there were freed during the week-long Qatari-mediated truce. Others are among the more than 130 captured during Hamas' Oct. 7 rampage through southern Israel that are still in Gaza.
Persons: Daniel Hagari, Hagari, Khan Younis, Ari Rabinovitch, Angus MacSwan Locations: JERUSALEM, Gaza, Khan, Israel, Palestinian
Protesters in Tel Aviv Call for Change to Netanyahu Government
  + stars: | 2024-01-20 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +1 min
TEL AVIV (Reuters) - Thousands of Israelis gathered in Tel Aviv on Saturday to protest against Prime Minister Benjamin Netanyahu's government, accusing the veteran leader of mishandling the nation's security and calling for a new election. Anti-government protests that shook the nation for much of 2023 ceased after the attacks by Hamas in southern Israel on Oct. 7. This was reflected in Saturday night's turnout in a central Tel Aviv square where many of last year's protests took place. While divisions have emerged among members of his wartime cabinet, Netanyahu is intent on staying in power. Opposition leaders have offered to form a unity government not led by Netanyahu, but no moves have gained traction.
Persons: Benjamin Netanyahu's, Netanyahu, Noam Alon, Alexandre Meneghini, Ari Rabinovitch Organizations: Reuters Locations: TEL AVIV, Tel Aviv, Israel, Gaza
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Oppenheimer's Ari Wald and Wilmington Trust's Meghan ShueAri Wald, managing director and head of technical analysis at Oppenheimer, and Meghan Shue, Wilmington Trust head of investment strategy, join 'Money Movers' to discuss if technology stocks reasserting their index leadership is a positive for markets, if the S&P 500 remains undervalued, and more.
Persons: Oppenheimer's Ari Wald, Wilmington Trust's Meghan Shue Ari Wald, Oppenheimer, Meghan Shue Organizations: Wilmington, Wilmington Trust Locations: Wilmington
The S & P 500 rallied more than 1% on Friday, above both its closing and intraday records that it last reached in January 2022. "Meaning that when a major index like the S & P 500, like the Nasdaq 100, reaches a new all time high, what it does is, it clears the charts of resistance." For 2024, Wald anticipates the S & P 500 will end the year at the 5,400 level, representing a roughly 12% rise from Friday's close of 4,839.81. Inflation data, earnings ahead Next week will also bring the Fed's preferred inflation gauge for December, which is expected to confirm the recent trend of easing inflation. Leading Indicators Tuesday Jan. 23 10 a.m. Richmond Fed Index (January) Earnings: General Electric , Synchrony Financial , D.R.
Persons: it's, Katie Stockton, we've, Oppenheimer's Ari Wald, Wald, Dow Jones, That's, Dave Sekera, Sekera, Jan, Johnson, Lockheed Martin, Lockheed Martin Wednesday Jan, Kimberly, Clark, Northrop Organizations: Fed, Nasdaq, Morningstar Research Services, Richmond Fed, Synchrony, Raytheon Technologies, Verizon Communications, Halliburton, Johnson, Procter, Gamble, Lockheed, Lockheed Martin Wednesday, PMI, SA, PMI Manufacturing SA, PMI Services SA, Abbott Laboratories, Chicago, New, . Kansas City Fed Manufacturing, Northrop Grumman, Southwest Airlines, American Airlines, Comcast, PCE, Norfolk, American, CNBC Locations: Stockton, U.S, Horton, Freeport, McMoRan, . Kansas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a broadening of leadership in equities to cyclical sectors, says Wilmington Trust's ShueAri Wald, managing director and head of technical analysis at Oppenheimer, and Meghan Shue, Wilmington Trust head of investment strategy, join 'Money Movers' to discuss if technology stocks reasserting their index leadership is a positive for markets, if the S&P 500 remains undervalued, and more.
Persons: Wilmington Trust's Shue Ari Wald, Oppenheimer, Meghan Shue Organizations: Wilmington Trust Locations: Wilmington
Some closely watched momentum indicators and a bullish overall chart suggest popular AI chipmaker Advanced Micro Devices is headed for new highs in the near future. The stock hit a new 52-week high and now sits 3.6% below the stock's all-time high of $164.46 set in the fourth quarter of 2021. Many chart analysts expect the stock to blow past that level in the near future. "Anytime a stock makes a new all-time high, it tells me something special is taking place with the company," said JC O'Hara, chief technical strategist at Roth Capital Partners. "Investors should be positioned in these risk stocks that typically outperform in a rising market environment and AMD checks that box," he said.
Persons: Dan Wantrobski, Janney Montgomery Scott, JC O'Hara, Wantrobski, Capital's Todd Gordon, Oppenheimer's Ari Wald Organizations: Devices, AMD, Roth Capital Partners, Nasdaq
CNN —The Israeli soldiers stand rifles in hand, arm over shoulder, speaking to the camera. “We must promote a solution to encourage the emigration of the residents of Gaza,” far-right National Security Minister Itamar Ben-Gvir said on January 1. Far-right Finance Minister Bezalel Smotrich, who also holds a position in the Defense Ministry, says that Israel “will rule there. If Palestinians in Gaza are “post-Jihad, pro-Israel, and want to live that good life in that beautiful soil, there should be an opportunity for that,” he said. That color was adopted in 2004 and 2005 by the movement protesting Israel’s disengagement from Gaza.
Persons: Benjamin Netanyahu, Yoav Gallant, , Itamar Ben, Gvir, Bezalel Smotrich, Israel “, Antony Blinken, Dahlia Scheindlin, Itamar Ben Gvir, restoking, Netanyahu, ” Scheindlin, Diana Buttu, Netanyahu’s, , Ariel Sharon’s, Katif, Yishai Fleisher, ” Fleisher, we’ve, Fleisher, , Jordan, ” Israel, Gush Katif, Hanan Ben Ari serenaded, Ben Gvir, Gila, Mahmoud Abbas, ” Omer Bartov, Buttu, ” Netanyahu, ” Tzvi, Melech, Ben Gvir’s Organizations: CNN, Hamas, Palestinian Authority, Gaza . Social Media, , Likud, National, Defense Ministry, United, Haaretz, Israeli, National Security, Settler, West Bank, , Israel, Norwegian Refugee Council, United Nations, International Court of Justice, Israel Defense Forces, Gush, Social Media, Oregon State University, City University of New, Brown University, Smotrich’s, Ben Gvir’s Jewish Power Party Locations: Israel, Gaza, Hamas, Ramallah, Authority, , United States, Palestinian, Qatar, , Hebron, Turkey, South America, South Africa, The Hague, Jerusalem, Gush, Israeli, Nova Beach, City University of New York, Israel’s
COLUMBUS, Ohio (AP) — Several transgender candidates for state office in Ohio are facing challenges and even outright disqualification for omitting their former names from petition paperwork under a little-known state elections law, confronting a unique dilemma as they vie for office in increasing numbers in the face of anti-LBGTQ+ legislation. But state law mandates that candidates list any name changes in the last five years, though it isn't in the Secretary of State's 33-page candidate requirement guide. Michigan has a similar elections law, which mandates candidates list any name changes in the past decade, but it's not clear which others states have one. Political Cartoons View All 253 ImagesThe Ohio law has existed in some form since as early as the 1920s, and the current version has been in place since the 1990s. It's rarely been enforced in Ohio over the decades, usually in response to candidates wishing to use a nickname on the ballot.
Persons: , Bobbie Arnold, Arienne, Angie King, It's, Vanessa Joy, Joy, it's, Frank LaRose, ” LaRose, Zephyr, , Ari Faber, Arnold, Childrey, potty, ” ___ Samantha Hendrickson Organizations: Democratic, Republican, Ohio House, Senate, Montgomery County, Associated Press, Ohio Supreme, Washington County, Ohio Democratic Party, AP, Zooey, America Statehouse News Initiative, America Locations: COLUMBUS , Ohio, Ohio, West Alexandria, Montgomery, Auglaize County, Michigan, Stark County, Stark, Montana, Athens , Ohio
The New York insurance company has struggled to find its footing for years. At the top of the list is this little-known Trump-era policy, which offered employers a new way to give workers health benefits. Oscar has struggled with deep lossesBertolini is the former CEO of the insurance company Aetna. The company raised its health plans' prices and renegotiated contracts with healthcare providers and vendors — including its pharmacy-benefit manager — to lower expenses. In the future, Oscar plans to design specific health plans that cater to those types of customers.
Persons: , Joshua Kushner, Mario Schlosser, Oscar, it's, Mark Bertolini, It's, Bertolini, Trump, Ari Gottlieb, Elijah Nouvelage, haven't Organizations: Service, Business, New, Morgan Healthcare, Aetna, Reuters, HRAs Locations: New York, ICHRAs
Aragamani said in the video that they were killed by Israeli strikes, while she was injured. Argamani became a prominent face among the more than 200 hostages taken during Hamas' Oct. 7 massacre across southern Israel that sparked the war in Gaza. Sharabi, 53, was taken hostage from Kibbutz Beeri, one of the hardest hit communities in the Hamas assault, along with his brother. A day earlier Hamas aired a video showing the three hostages and promising to disclose their fate. Israeli Defense Minister Yoav Gallant said on Monday that Hamas carries out "psychological abuse" with its handling of the hostages.
Persons: Noa Argamani, Itai Svirsky, Yossi Sharabi, Aragamani, Daniel Hagari, Itai, Hagari, Argamani, Svirsky, Yoav Gallant, Benjamin Netanyahu, Gallant, Hatem Maher, Muhammad Al Gebaly, Ari Rabinovitch, Andrew Heavens, Philippa Fletcher Organizations: Hamas, Beeri, Israeli Locations: CAIRO, JERUSALEM, Israel, Gaza, Beeri
Fierce Fighting in Gaza as War Hits 100 Days
  + stars: | 2024-01-14 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +3 min
The military also said its forces destroyed several rocket pits used by Hamas to fire missiles at Israel. We are seekers of freedom," he said, saying the attack was, in part, a response to the years-long Israeli blockade of the Gaza Strip, which Hamas has controlled since 2007. The military says, though, the next phase of the war will see more targeted operations against the movement's leaders and military positions. In Rafah in southern Gaza Strip, Nana, a 17-year-old high school student displaced from northern Gaza, said 100 days of war "turned our life upside down." (Additional reporting by Ari Rabinovitch in Jerusalem; Reporting and writing by Nidal Almughrabi in Doha, Fadi Shana in Gaza.
Persons: Nidal, Fadi Shana DOHA, Khan Younis, Al Maghazi, Ismail Haniyeh, Benjamin Netanyahu, Kfar Yuval, Ari Rabinovitch, Nidal Almughrabi, Fadi Shana, Tomasz Janowski Organizations: Communications, Hamas Locations: GAZA, Gaza, Khan, Al, Israel, Istanbul, Lebanon, Iran, Kfar, Rafah, Jerusalem, Doha
Sending a voice note in a conversation is 48% more likely to lead to a date, according to recent Hinge data. More than two-thirds, 65%, of daters believe hearing someone's voice helps them determine their interest. Leaving a voice note for someone you haven't met yet can feel awkward, though. Many of us cringe at the sound of our own voice, which can make it hard to know exactly how we are coming off to other people. If you feel uncomfortable leaving voice notes, here are some tips that can help you at least sound more congenial.
Persons: Moe Ari Brown, Brown, haven't
Many investors and analysts have expressed confidence that bitcoin can reach and even surpass its all-time high level of $69,000. BTC.CM= 1Y line Bitcoin's 1-year performance per Coin Metrics He said $40,000, a level bitcoin hasn't seen since early December, would be another potential stopping point. Julius de Kempenaer, a senior technical analyst at StockCharts.com, is watching a slightly higher support level at $45,000. "While bitcoin's price is coming off a new cycle high, RSI made a lower high and was unable to get above the 70 level," Wald said. Bitcoin reached its all-time high near $69,000 in November 2021.
Persons: bitcoin, Oppenheimer, Ari Wald, Bitcoin, Julius de Kempenaer, Wald, it's oversold, de Kempenaer, Wolfe, Rob Ginsberg, Ginsberg Organizations: U.S, CNBC, Metrics, RSI Locations: Wald
Veev also promised they would be green and less expensive, thanks to its factory process. The Veev representative said "no employee was requested to do so as a policy." The Veev representative said "production lines were not idle," and design errors were inevitable because the company was still testing its product. "While the Series D money was committed, not all of it was received," the Veev representative said. "Veev and Lennar made a joint decision to stop building the Gramercy project," the Veev representative wrote.
Persons: Henry Ford, Veev, Lennar, Elon, Veev Veev, Amit Haller, Ami Avrahami, Dafna Akiva, Haller, Ari Rauch, Rauch, Bond, Calcalist, I've, Scott Long, thatit, Long, Veev's Organizations: Federal Reserve, Business, Katerra, Industry, American, BI, NSF, Fortune, Employees, Dow Chemical, Lennar, Gramercy, Hayward, Wall LLC Locations: Hayward , California, homebuilding, San Carlos , California, Tel Aviv, California
Investors are watching the S & P 500 after it rallied back toward the key 4,600 level to see if it can break out to new all-time highs. A record high in the S & P 500 looks promising after the broader index on Friday closed at 4,594.63, or its best level since March 2022. In July, the last time the S & P 500 tested the threshold, the rally was led by mega-cap tech stocks. On Monday, the market rally took a breather; the S & P 500 ended the session lower by 0.5%, and it stood about 5% below its record. In fact, one market technician on Monday said the S & P 500 could plunge back to its bear market lows in 2024.
Persons: Stocks, Wolfe, Rob Ginsberg, Ginsberg, BTIG's Jonathan Krinsky, you've, JPMorgan's, Jason Hunter, Hunter, CNBC's, Adam Turnquist, he's, Oppenheimer's Ari Wald, Wald, JC O'Hara, Roth MKM, Lululemon, O'Hara, — CNBC's Michael Bloom, Chris Hayes Organizations: Broadcom Locations: oversold
Israel largely captured the northern half of Gaza in November, and since a week-long truce collapsed on Friday they have swiftly pushed deep into the southern half. The Israeli military said the central road out of Khan Younis to the north "constitutes a battlefield" and was now shut. Desperate Gazans in Khan Younis packed their belongings and headed towards Rafah. U.S. National Security Advisor Jake Sullivan said Washington expected Israel to avoid attacking areas identified as "no-strike" zones in Gaza. Israel accuses Hamas of putting civilians in danger by operating from civilian areas, including in tunnels which can only be destroyed by large bombs.
Persons: Amir Cohen, Stephane Dujarric, Khan Younis, Antonio Guterres, Philippe Lazzarini, Lazzarini, Israel, Gazans, Jake Sullivan, Mohammed Salem, Maayan Lubell, Ari Rabinovich, Emily Rose, Maggie Fick, Andrew Mills, Humeyra Pamuk, Stephen Coates, Rosalba O'Brien, Lincoln Organizations: Hamas, REUTERS, United Nations, Islamic, State Department, U.S . National, Street, U.S, Thomson Locations: Israeli, Israel, Palestinian, Israel's, Gaza, Khan, Khan Younis GAZA, United States, Gaza's, Rafah, Washington, U.S, Jerusalem, Beirut, Doha
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean Cruises is the best stock to own in the sector, says Oppenheimer's Ari WaldAri Wald, Oppenheimer, joins 'Power Lunch' to discuss the technical support for stocks that have doubled this year but still fall below target price.
Persons: Oppenheimer's Ari Wald Ari Wald, Oppenheimer Organizations: Royal Caribbean Cruises
Family of Last Child Hostages in Gaza Await Their Return
  + stars: | 2023-12-04 | by ( Dec. | At A.M. | ) www.usnews.com   time to read: +2 min
By Eli BerlzonHOLON, Israel (Reuters) - Yosi Shnaider watched a home video on his phone from his apartment near Tel Aviv. Hamas infiltrators seized the Bibas family, along with more than 200 other people, during the Oct. 7 killing spree through southern Israeli towns that sparked the devastating war in Gaza. More than 100 hostages were freed in a week-long truce that ended on Friday, but the Bibas family - two children and their parents - were not. "And I'm thinking to myself, a young baby, small baby like Kfir, is crying. After two months in captivity, their age and ginger hair have caused the Bibas children to stand out among the scores of hostages.
Persons: Eli Berlzon HOLON, Yosi Shnaider, Ariel Bibas, Ariel, Kfir, he's, Shiri Bibas, Yarden, Shnaider, Shira Bibas, Eli Berlzon, Michal Yaakov Itzhaki, Ari Rabinovitch, Howard Goller Organizations: Hamas Locations: Israel, Tel Aviv, Gaza
Residents, many of whom had moved there to flee earlier attacks in the Israel-Palestinian conflict, said they could hear tank fire and feared a new Israeli ground offensive was building. The Israeli military earlier ordered people to evacuate some areas in and near the city, but made no announcement of any new southern ground assault. "The IDF (Israel Defence Forces) continues to extend its ground operation against Hamas centres in all of the Gaza Strip," spokesperson Rear Admiral Daniel Hagari told reporters in Tel Aviv. GROUND OFFENSIVE FEAREDGaza residents said earlier on Sunday they feared an Israeli ground offensive on the southern areas was imminent. Tanks had cut off the road between Khan Younis and Deir Al-Balah in central Gaza, effectively dividing the Gaza Strip into three.
Persons: Alexander Ermochenko, Khan Younis, Daniel Hagari, Eylon Levy, Younis, United States —, , Kamala Harris, Isaac Herzog, Mahmoud Abbas, Harris, Israel, Osama Hamdan, Deir, Suhaib Salem, Nidal, Mohammed Salem, Maayan Lubell, Ari Rabinovich, Emily Rose, Maggie Fick, Andrew Mills, Nandita Bose, Idrees Ali, Steve Holland, Phil Stewart, David Lawder, Lincoln Organizations: Hamas, Pentagon, Palestinian, IDF, Israel Defence Forces, U.S . Defense Department, Yemen's, Reuters, United, Tanks, Thomson Locations: Gaza, Israel, Palestinian, Khan, U.S, Sea, Pentagon Iran, GAZA, CAIRO, Tel Aviv, Gaza City, Yemen's Iran, Hamas, Rafah, Gaza's, Beit Lahiya, United States, Lebanon, Egypt, Cairo, Jerusalem, Beirut, Doha, Dubai, Washington
The suit also alleges that Old Navy unlawfully shares consumer data with third parties without informing consumers or seeking consent. Old Navy, through its parent company Gap, declined to comment. Old Navy isn't the only one to face similar charges. For now, states have different privacy rules, but there is no unifying federal-level regulation about online privacy. With no comprehensive federal online privacy legislation, companies are free to charge ahead without having to put privacy protections in place.
Persons: Irina Raicu, Raicu, It's, Ari Lightman Organizations: Navy, Central District of, Old, Home Depot, General Motors, Ford, JCPenney, Markkula Center, Applied, Santa Clara University . Companies, Companies, JPMorgan, Verizon, Old Navy, Carnegie Mellon University's Heinz College Locations: Central District, Central District of California, California, U.S, Europe, Canada, Europe . Colorado , Connecticut , Utah, Virginia, Delaware, Florida, Iowa
JERUSALEM (Reuters) - Israeli forces have found 800 shafts leading to Hamas' vast subterranean network of tunnels and bunkers since a Gaza ground operation began on Oct 27, and have destroyed more than half of them, the military said on Sunday. The Palestinian Islamist group said before the now eight-week-old war in the Gaza Strip that it had hundreds of kilometres of tunnels - a network comparable in size to the New York subway system - to protect and serve as operational bases. "The tunnel shafts were located in civilian areas, many of which were near or inside civilian buildings and structures, such as schools, kindergartens, mosques and playgrounds," the military said in a statement on Sunday. The statement, summarising anti-tunnel operations so far, followed near-daily accounts to the media by troops who said they uncovered access shafts in civilian sites. Of some 800 shafts discovered, the military said, 500 had been destroyed using a variety of operational methods, including by "detonation and by sealing off".
Persons: Ari Rabinovitch, Angus MacSwan Organizations: New Locations: JERUSALEM, Gaza, Palestinian, Washington, Israel
Israel says it uncovered 800 shafts to Hamas tunnels below Gaza
  + stars: | 2023-12-03 | by ( ) www.reuters.com   time to read: +2 min
[1/4] An Israeli soldier walks through a tunnel underneath Al Shifa Hospital in Gaza City, amid the ongoing ground operation of the Israeli army against Palestinian Islamist group Hamas, in the northern Gaza Strip, November 22, 2023. The Palestinian Islamist group said before the now eight-week-old war in the Gaza Strip that it had hundreds of kilometres of tunnels - a network comparable in size to the New York subway system - to protect and serve as operational bases. "The tunnel shafts were located in civilian areas, many of which were near or inside civilian buildings and structures, such as schools, kindergartens, mosques and playgrounds," the military said in a statement on Sunday. The statement, summarising anti-tunnel operations so far, followed near-daily accounts to the media by troops who said they uncovered access shafts in civilian sites. Of some 800 shafts discovered, the military said, 500 had been destroyed using a variety of operational methods, including by "detonation and by sealing off".
Persons: Ronen, Ari Rabinovitch, Angus MacSwan Organizations: Palestinian, Hamas, REUTERS, Rights, New, Thomson Locations: Israeli, Al Shifa, Gaza City, Gaza, Palestinian, Washington, Israel
Israel has sworn to annihilate Hamas following its Oct. 7 rampage in southern Israel in which it says 1,200 people were killed and more than 200 taken hostage. "Frankly, the scale of civilian suffering, and the images and videos coming from Gaza, are devastating," Harris told reporters. The United States has been increasingly vocal that Israel must narrow the combat zone during any offensive in southern Gaza and ensure safe zones for non-combatants. Gaza health officials said that in addition to the death toll, 650 people had been wounded since the truce collapsed. Gaza health officials said three Palestinians were killed in an Israeli air strike on a house in Rafah.
Persons: Kamala Harris, Lloyd Austin, Israel, Harris, Austin, Benjamin Netanyahu, Netanyahu, Wessam Farhat, Amir Cohen, Mark Regev, Robert Mardini, Emmanuel Macron, Saleh Al, Arouri, Yoav Gallant, Khan Younis, Suhaib, Nidal, Mohammed Salem, Ari Rabinovich, Emily Rose, Andrew Mills, Nandita Bose, Steve Holland, Phil Stewart, Matt Spetalnick, Nick Zieminski, Matt Lewis, Jonathan Oatis Organizations: Hamas, U.S . Defense, Simi Valley , California ., U.S, REUTERS, International Committee, Reuters, Crescent, Palestinian, Al, Israeli, Palestinian News Agency, Tel, Thomson Locations: GAZA, CAIRO, Israel, Gaza, Washington, Egypt, Dubai, Simi Valley , California, Simi Valley , California . Austin, U.S, Tel Aviv, United States, Palestinian, Rafah, Qatar, Al Jazeera, Suhaib Salem, Cairo, Jerusalem, Doha
Uber shares rose 5% in extended trading on Friday after the ride-hailing company was added to the S&P 500 Index, replacing Sealed Air Corp. A company's stock price often rises on news that it's joining the S&P 500 because fund managers who track the benchmark, which gets updated each quarter, have to acquire the shares. Uber shares debuted on the New York Stock Exchange in 2019, but the company was burning cash as it had to pay drivers enough money to stay competitive in a low-margin business. Uber has a market cap of about $118 billion, while the median market cap of companies in the S&P 500 is just over $31 billion. WATCH: Uber into the S&P 500
Persons: Dara Khosrowshahi, it's, Nelson, Chai, Uber, Lloyd Walmsley, You've Organizations: Uber, Sealed Air Corp, Companies, New York Stock Exchange, UBS Locations: Davos, Switzerland
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