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US Air Force photo illustration by Staff Sgt. The Air Force needs new missiles, new bombers, and new fighters — but is struggling to pay for them allThe B-21 Raider in flight at Edwards Air Force Base, California. Cultural inertia in the fighter businessUS Air Force fighter aircraft fly in formation. A rendering of a future crewed next-generation air dominance aircraft by the US Air Force Research Laboratory. Nonetheless, for a cash-strapped Air Force, this would be a significant challenge.
Persons: David Allvin, Parth Satam, Allvin, Madeline Herzog, that's, it's, Will Roper, I'm, Charles, CQ, Brown, Preston Cherry, America's, Lockheed Martin, Northrop Grumman, Marine Corps Lockheed Martin, Peter Nicholls, , Danielle Purnell, Frank Kendall, Tom Williams, Will Roper's, Kendall —, I've, Kendall, there's, Northrop Grumman's, Roper, Giancarlo Casem, today's, they've, wouldn't, John Raven, James M, Holmes, we've Organizations: Service, senior Air Force, Air Force, Global Air, Space Chiefs, Conference, UK's, Space Power Association, Business, Fighter, US Air Force, Force, American, Next, Sabre, Convair, Delta Dart, Rand Corporation, National Museum of, Staff, Joint Chiefs, Raptors, Royal Norwegian Air Force, Senior, Boeing, Lockheed, US, Marine Corps Lockheed, Royal International Air, Reuters, Getty, Capitol, Raider, Air, Edwards Air Force Base, DARPA, USAF, III, America, Minuteman, Sentinel missile, Pentagon, Lockheed Martin Aeronautics Company, Sentinel, Defense, Tech, Combat Command, US Air Force Research Laboratory, Sandboxx Locations: London, American, Fairford, Britain, Fort Worth, California, United States, Soviet Union, Marietta , Georgia, America, Europe
Annual recurring revenue was $3.86 billion, just above the StreetAccount consensus of $3.85 billion. With respect to guidance, CrowdStrike called for adjusted net earnings of 80 cents to 81 cents per share on $979.2 million to $984.7 million in revenue. For the 2025 fiscal year, CrowdStrike now sees $3.61 to $3.65 in adjusted earnings per share and $3.89 billion to $3.90 billion in revenue. That is down from management's June forecast for adjusted earnings per share of $3.93 to $4.03 and revenue between $3.98 billion to $4.01 billion. The adjusted guidance excludes costs tied to the outage.
Persons: George Kurtz, Burt Podbere, Gray Powell, Trevor Rambo, BTIG, CrowdStrike, Podbere, Kurtz Organizations: Delta Air Lines, Travelers, CrowdStrike Locations: management's
This ascent is something scientists have been looking forward to for years, long before Perseverance landed on Mars. Turning back Martian timeThe impact that created Jezero Crater also generated a lot of heat, partly from the energy of the object that slammed into Mars. The crater rim site of Pico Turquino, as the hydrothermal rocks are called, provides another, different possibility. A panorama shows the area Perseverance will climb in the coming months to crest Jezero Crater’s rim. “For now, we’re just going to pursue our crater rim investigation.
Persons: , Thompson, Perseverance, Pico, Hazel Hill, Briony Horgan, , Horgan, Ken Farley, Pico Turquino, ” Farley, Farley, Steven Lee, ” Lee, ” Horgan, we’re Organizations: CNN, Jet Propulsion Laboratory, NASA, JPL, Caltech, University of Arizona, Purdue University, Mars, California Institute of Technology, ASU Locations: Pasadena , California, Mars, Dox, , West Lafayette , Indiana, Pico, Jezero
The Houthis first damaged the tanker on Wednesday with repeated attacks that caused a fire and a loss of engine power. Three fires blazed on a Greek-flagged oil tanker in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday, one day after rescuers evacuated its crew in the wake of an assault by Yemeni Houthi militants . Later in the day, the Houthis posted a video on social media that purportedly showed them setting the tanker on fire. The damaged tanker, carrying 150,000 metric tons of crude oil, poses an environmental hazard, the EU's Red Sea naval mission Aspides said. The Sounion was the third vessel operated by Athens-based Delta Tankers to come under Houthi attack this month.
Persons: UKMTO, Aspides, Yahya Saree Organizations: United Kingdom Maritime Trade Operations, Authority, International Tanker Owners Pollution Federation, Delta Locations: Yemen, Eritrea, Iran, Israel, Gaza, Red, Yemeni, Djibouti, Caribbean, Tobago, Athens, Palestine
Reuters —Three fires blazed on a Greek-flagged oil tanker in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday, one day after rescuers evacuated its crew in the wake of an assault by Yemeni Houthi militants. The Iran-aligned Houthis, who control Yemen’s most populous regions, said on Thursday that they had attacked the Sounion oil tanker as part of their 10-month campaign against commercial shipping to support Palestinians in the war between Israel and Hamas in Gaza. The Houthis first damaged the tanker on Wednesday with repeated attacks that caused a fire and a loss of engine power. The damaged tanker, carrying 150,000 metric tons of crude oil, poses an environmental hazard, the EU’s Red Sea naval mission Aspides said. The Sounion was the third vessel operated by Athens-based Delta Tankers to come under Houthi attack this month.
Persons: UKMTO, , Aspides, Yahya Saree Organizations: Reuters, United Kingdom Maritime Trade Operations, Authority, International Tanker Owners Pollution Federation, Delta, Locations: Red, Yemeni, Iran, Israel, Gaza, Yemen, Eritrea, Djibouti, Caribbean, Tobago, Athens, Palestine
Delta Air Lines ' chief operating officer is leaving at the end of the month, the company said in a securities filing on Friday. CEO Ed Bastian said in an employee memo that Chief Operations Officer Mike Spanos is taking a job at another company. Delta doesn't plan to replace Spanos, Bastian said. Instead, John Laughter, the chief of operations and president of Delta's TechOps maintenance-and-overhaul unit, and Allison Ausband, chief customer experience officer, will report to Bastian. Spanos joined Delta in May 2023 and previously held the role of CEO at Six Flags Entertainment and executive positions at PepsiCo .
Persons: Ed Bastian, Mike Spanos, Bastian, Spanos, John Laughter, Allison Ausband Organizations: Delta Air Lines, Delta, Microsoft, Six Flags Entertainment, PepsiCo Locations: Delta
Delta Air Lines , which said fallout from the outage cost the company $550 million, is seeking damages from CrowdStrike and Microsoft. Software from CrowdStrike Check Point , SentinelOne and others in the endpoint-protection market currently depend on kernel mode. But an application in kernel mode that fails can cause all of Windows to crash. The Microsoft executive said removing kernel access in Windows would only solve a small percentage of potential problems. "We will share further updates on these conversations following the event," Microsoft Corporate Vice President Aidan Marcuss wrote in a blog post.
Persons: CrowdStrike, Aidan Marcuss Organizations: Delta Airlines, Microsoft, Delta Air Lines, CNBC, Windows, Apple, Rust Foundation, Microsoft Corporate Locations: Los Angeles, Airlines, Redmond , Washington, SentinelOne, macOS
Private jet flights fell 15% in the first half of the year compared with their peak in 2022, as the industry grapples with waning demand and a new competitive landscape for high-end travel. Despite a short boost from the Summer Olympics, with a record 713 private jet flights to Paris the last week of July, the private jet industry continues to lose altitude this travel season. Jet It, a large U.S. private jet operator, shut down last year after grounding its fleet of Phenom 300s, Gulfstream G150s and HondaJets. Private jet passengers who paid six figures for flights started facing delays and cancellations as operators couldn’t buy or lease planes fast enough. “Prices are about 20% higher than they were in 2019,” Private Jet Card Comparisons' Gollan said.
Persons: Washington's, J, David Ake, Robert Frank, Covid, Rob Wiesenthal, George Mattson, VistaJet, Thomas Flohr, Doug Gollan, , Jay Duckson, , , I’m, Gollan, Travis Kuhn, “ It’s, ” Gollan, Berkshire Hathaway, ” Kuhn, Organizations: Gulfstream, Washington's Reagan National Airport, Getty, Private, Summer, Argus International, Blade Air Mobility, Delta Air Lines, CNBC, Industry, Central Business Jets, Companies, Jefferies, Argus, Berkshire Locations: Arlington , Virginia, Paris, U.S, Covid, Argus,
Greek organizations tend to be the domain of colleges, with students pledging and developing life-long connections in fraternities and sororities. But Kamala Harris’ presidential campaign is thrusting Black Greek organizations into the political sphere. She is the first presidential nominee to come from a Divine Nine Greek organization, so would be the first president from the Black Greek system if elected. That means Harris has ready access to the Divine Nine’s more than 2 million members — including activists, community leaders, philanthropists and more — and what could be a potentially powerful voting and mobilization bloc. Last week, Kiahna W. Davis, a regional director of Alpha Kappa Alpha Inc., formed an AKA political action committee to support Harris.
Persons: Kamala Harris ’, Harris, Kiahna, Davis, Deidra Davis, , , Brandon Bell, Donald Trump’s, Christine Simmons, ” Harris, @akasorority1908, Joe Biden, , you’re, Minyon Moore, Moore, Hillary Clinton’s, I’ll, doesn’t, Donna Jones Anderson, ” Anderson, there’s, ” Davis Organizations: Alpha Kappa Alpha, Alpha Kappa Alpha Inc, Washington , D.C, “ Alpha Kappa Alpha, Alpha Kappa Alpha Sorority, Democratic, Howard University, Howard, Delta Sigma Theta, Zeta Phi Beta, Democratic National Convention, NBC News, Pan, Hellenic, NBC Locations: Washington ,, California, Indianapolis, hellenic, There’s
LOS ANGELES — The Olympic flag arrived on Monday in Los Angeles, where it will be flown in 2028 when the city hosts the next Summer Games. Hip-hop legend Tupac Shakur’s “California Love” blasted on loudspeakers on the tarmac at Los Angeles International Airport as the plane came to a stop. Los Angeles Mayor Karen Bass stepped off the plane dressed in a red Team USA tracksuit, smiled broadly and waved the Olympic flag before descending airstairs to be greeted by California Governor Gavin Newsom. Los Angeles mayor Karen Bass waves the Olympic flag after arriving at Los Angeles International Airport on August 12, 2024. While Los Angeles has been putting in the work to host a great Games, the mayor said American organizers now really felt the “need to put our foot on the gas.”The International Olympic Committee awarded Los Angeles the right in 2017 to host the 2028 Games.
Persons: “ LA28, Tupac Shakur’s “, , Angeles Mayor Karen Bass, Gavin Newsom, Delaney Schnell, Tate Carew, Karen Bass, Etienne Laurent, Bass, Paris, Tom Cruise, Paris ’ Organizations: ANGELES, Delta Airlines, Los Angeles International Airport, Angeles Mayor, USA, Angeles, AFP, Getty, Olympic, Los, LA, Games, of, Reuters, American Locations: Los Angeles, Tupac Shakur’s “ California, Paris, Angeles, of Angels
A trove of artifacts from Egypt’s last dynasty has been discovered in 63 tombs in the Nile Delta area and experts are working to restore and classify the finds, an official with the country’s antiquities authority said Monday. An Egyptian archaeological mission with the Supreme Council of Antiquities discovered the mud-brick tombs at the Tell al-Deir necropolis in Damietta city in Damietta governorate, the ministry said in a statement last month. The site where 63 mud-brick tombs were discovered at the Tell al-Deir necropolis, in the Nile Delta town of Damietta, Egypt. Egypt's Supreme Council of Antiquities / APThe Ptolemaic dynasty was Egypt’s last before it became part of the Roman Empire. Egypt exhibited artifacts from the Ptolemaic period for the first time in the Egyptian Museum in Cairo in 2018, with around 300 artifacts on display.
Persons: Neveine el, Arif, Alexander the Great, Ptolemy, Ptolemy I, Cleopatra Organizations: Ministry of Tourism and Antiquities, Supreme, of Antiquities, Egypt's, Egyptian Locations: Delta, Deir, Damietta, Damietta governorate, Nile Delta, Egypt, Roman, Macedonia, Cairo
The message to the airline industry: You've had a few too many screwups to be left to your own devices. Over the past couple of years, the Biden administration has introduced a slew of rules and services intended to make airline passengers' lives easier. The airline industry seems to be relatively on board with the refund idea. But there are plenty of other problems with the airline industry that need solving — some the government can take care of, and some the government is causing. Gallup polls suggest more Americans have a negative view of the airline industry than a positive one.
Persons: You've, Bob Mann, William McGee, Joe Biden's, Pete Buttigieg, Biden, pocketbooks, They've, Janet Bednarek, Buttigieg, , it's, It's, Bednarek, McGee, Mann, George Ferguson, wasn't, Emily Stewart Organizations: Boeing, Delta, Department of Transportation, Airlines, American Economic Liberties, Southwest, University of Dayton, Federal Aviation Administration, Airlines for America, Biden, Bloomberg Intelligence, FAA, Gallup, Business
What Killed Harmony Ball-Stribling?
  + stars: | 2024-08-11 | by ( Roni Caryn Rabin | Rory Doyle | ) www.nytimes.com   time to read: +1 min
The last day Byron Stribling spent with his wife, Harmony, was the Fourth of July in 2021. The congregation at their church in Belzoni, a small town in the Mississippi Delta, blessed the couple and prayed for a safe delivery for Ms. Ball-Stribling. But around midnight, Ms. Ball-Stribling threw up and said her chest hurt. On the way, Ms. Ball-Stribling had a seizure. But he already knew he had lost her, there on the shoulder of Route 49-W.What killed Harmony Ball-Stribling?
Persons: Byron Stribling, Stribling, , that’s Organizations: Mississippi Delta Locations: Belzoni, Mississippi, Yazoo City, Miss
Meteor showers, natural fireworks that streak brightly across the night sky, are one of them. The latest observable meteor shower will be the Perseids, which have been active since mid-July and are forecast to continue until the end of August, at the latest. A favorite among skywatchers, the Perseids are one of the strongest shows each year, with as many as 100 long, colorful streaks an hour. This year, viewers may have to compete with light from the moon, which will be nearly half full on the night that the shower peaks. But according to Sky & Telescope, the moon will set before midnight, leaving the early morning hours sufficiently dark for a spectacular show.
Organizations: Global, Network, Alpha, Southern Delta, Northern, Sky &
Delta Air Lines on Thursday said last month’s CrowdStrike outage and subsequent mass flight cancellations cost it some $550 million and reiterated that it is pursuing legal claims against the company as well as Microsoft. The incident, in which it canceled some 7,000 flights, also meant a $170 million expense “associated with the technology-driven outage and subsequent operational recovery,” the carrier said, adding that its fuel bill will likely be $50 million lower because of the scrubbed flights. Delta struggled more than its competitors to recover from the July 19 outage, which took millions of Windows-based machines offline around the world. The disruptions occurred at the height of the summer travel season, leaving thousands of Delta customers stranded, a rare incident for the carrier that markets itself as a premium carrier that gets top marks for reliability. “Since the incident, our people have returned the operation to an industry-leading position that is consistent with the level of performance our customers expect from Delta.”
Persons: Ed Bastian Organizations: Delta Air Lines, Microsoft, Delta Locations: Atlanta, Delta
Boies, hired to lead Delta’s lawsuit against CrowdStrike, said the tech company was “grossly negligent” and was solely responsible for the outage. But Boies called Delta’s IT systems “world class” and claimed Delta’s outage lasted longer because it was so heavily reliant on CrowdStrike and Microsoft. He also disputed the companies’ claims that Delta turned down help and worked around the clock to bring Delta back online. “CrowdStrike also did not work “tirelessly” to help Delta restore its systems,” Boies said. CrowdStrike said Delta ignored its help, and Microsoft said Delta’s mismanagement contributed to the cancellations.
Persons: Delta’s, David Boies, CrowdStrike, Delta, Boies, ’ ”, misstatements, , ” Boies, “ CrowdStrike, , “ CrowdStrike’s, George Kurtz, David DeWalt, DeWalt, Ed Bastian, ” Bastian Organizations: CNN, ” Delta, Microsoft, Delta, LinkedIn, CNBC, , US Department of Transportation Locations: Delta
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdStrike responds to Delta accusations, calls narrative 'misleading'CNBC's Kate Rooney joins 'Fast Money' to talk CrowdStrike's response to Delta's accusations over outage.
Persons: CrowdStrike, Kate Rooney
A Delta Airlines Airbus A319-114 aircraft taxis at Los Angeles International Airport after arriving from Las Vegas on May 5, 2024 in Los Angeles, California. Delta Air Lines on Thursday said last month's CrowdStrike outage and subsequent mass flight cancellations cost it some $550 million and reiterated that it is pursuing damages against the company as well as Microsoft . Delta struggled more than its competitors to recover from the July 19 outage, which took millions of Windows-based machines offline around the world. "Since the incident, our people have returned the operation to an industry-leading position that is consistent with the level of performance our customers expect from Delta." The U.S. Department of Transportation last month said it is investigating Delta's response to the outage and flight cancellations.
Persons: Ed Bastian, CrowdStrike Organizations: Delta Airlines Airbus, Los Angeles International Airport, Delta Air Lines, Microsoft, Delta, U.S . Department of Transportation Locations: Las Vegas, Los Angeles , California, Atlanta
“The impact on Delta passengers was disastrous,” the lawsuit said. In other cases, it would only offer partial reimbursement if passengers signed a waiver releasing the airline of any legal claims. On Monday, July 22, Delta canceled more than 1,250 flights — making up nearly 70% of all domestic cancellations, the lawsuit said. In response, Delta offered Plaintiff a $100 voucher to use towards a future flight with Delta,” the lawsuit said. Both companies claimed Delta ignored their repeated offers for help as passengers were left stranded in airports across the country.
Persons: Delta, , , ” Delta, Pete Buttigieg, Ed Bastian, Bastian, CrowdStrike, , you’ve, ” Bastian, David Boies, Michael Carlinsky Organizations: New, New York CNN, Delta Air Lines, Microsoft, Delta, Greyhound, CNBC, CNN, IBM Locations: New York, Denver, Amsterdam, Delta, Atlanta
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Caterpillar : The industrial giant's second-quarter results beat Wall Street estimates on the top and bottom lines. While the stock has been in both positive and negative territory Tuesday, Jim Cramer said, "I happen to like the quarter." Uber : Shares jumped more than 8% after the ride-hailing provider reported stronger-than-expected quarterly results. Kenvue : The maker of Listerine and Tylenol reported quarterly sales and per-share profits ahead of Wall Street expectations.
Persons: Jim Cramer's, Jim Cramer, Piper Sandler, Delta, Cramer, Jim, Dara Khosrowshahi Organizations: CNBC, Club, Caterpillar, Wall Locations: U.S
He increased his price target by $25 to $575, which suggests shares can jump about 20.9% over the next year. Rollins upgraded the stock to neutral from sell and upped his price target from $1.25 to $3.15 per share, which implies roughly 21.6% potential upside. Analyst Rick Wise initiated coverage of GE Healthcare with a buy rating and $100 price target, which suggests 22.7% upside. Analyst Rob Owens upgraded the global cybersecurity company to overweight from neutral and lowered his price target by $20 to $290, which implies 30.6% upside. Its price target of 1,200 Taiwanese dollars implies upside of 36.4%.
Persons: Morgan Stanley, Piper Sandler, Rob Sanderson, Sanderson, — Pia Singh, Michael Rollins, Rollins, Lumen, Rick Wise, Wise, CrowdStrike, Rob Owens, Owens, pare, Price, Charlie Chan, Chan, Fred Imbert Organizations: CNBC, Taiwan Semiconductor, Meta, Citi, Lumen Technologies, GE Healthcare, Delta Air Lines, Microsoft Locations: U.S
Mark Cheffo, a Dechert partner representing Microsoft, sent a letter Tuesday to attorney David Boies of Boies Schiller Flexner. Boies represents Delta and had sent letters on behalf of the airline to CrowdStrike and Microsoft. Cheffo wrote in his response that Microsoft empathizes with Delta and its customers on the impact of the CrowdStrike incident. Cheffo wrote that Microsoft offered to help Delta for free. Cheffo described a letter on July 22, from Microsoft to a Delta employee, offering help.
Persons: Ed Bastian, CNBC's, Mark Cheffo, David Boies, Boies Schiller, Boies, Hossein Nowbar, Cheffo, Delta, Satya Nadella, Bastian, CrowdStrike, George Kurtz Organizations: Microsoft, Delta Air Lines, Delta, IBM, Web Services Locations: Boies, Delta, Atlanta
Microsoft also claimed Delta turned down help after the CrowdStrike bug led to “blue screens of death” on Windows devices. Microsoft, CrowdStrike and Delta have been in a war of words since the airline hired a high-profile attorney to seek compensation from Microsoft and CrowdStrike. Delta CEO Ed Bastian lashed out at CrowdStrike in a CNBC interview last week and said the computer problems cost Delta $500 million. While other airlines were quick to resume normal operations after the CrowdStrike outage, Delta was forced to cancel about 30% of its schedule over those five days, leaving an estimated half-million passengers stranded. Free consulting advice to help us,” said the Delta CEO in an interview on CNBC.
Persons: cancelations, Delta, Ed Bastian, CrowdStrike, Mark Cheffo, , , Satya Nadella, Bastian, you’ve, ” Bastian, David Boies, George Kurtz, Michael Carlinsky, , CNN’s Chris Isidore Organizations: New, New York CNN, Microsoft, Delta Air Lines, CNBC, Delta, IBM, CNN, CrowdStrike Locations: New York, CrowdStrike, Delta
Most carriers bounced back relatively quickly, but Delta struggled for days, ultimately canceling about 5,000 flights over four days, or more than a third of its schedule. Last week, he told employees that he had hired Mr. Boies’s firm, Boies Schiller Flexner, to pursue legal claims against Microsoft and CrowdStrike, which also rebutted Delta’s claims this week. Microsoft repeated that offer over five days, from July 19 to July 23, but was turned down each time, it said. (In its letter, CrowdStrike said Delta had rejected or ignored its offers for help, too.) It also accused Delta of using outdated information technology.
Persons: Ed Bastian, Boies’s, Boies Schiller, Delta’s, Cheffo, Satya Nadella, Bastian, CrowdStrike, Delta Organizations: Microsoft Windows, Delta, Microsoft, IBM Locations: Delta
BEIJING — Eastern China is baking under unseasonably high temperatures, with the excessive heat expected to linger in mega coastal cities in the highly industrialized provinces of Jiangsu and Zhejiang for up to 10 more days. In the east and northwest of China, temperatures as high as 43.9 degrees Celsius (111.02 degrees Fahrenheit) have scorched Zhejiang, Jiangsu, Shanghai, Anhui and Xinjiang in recent days, state broadcaster CCTV said. The city of 12.5 million people is expected to swelter under temperatures exceeding 104F through Sunday. Jiangsu’s observatory issued a red warning for heat on Sunday after high temperatures that had persisted for more than a week further intensified. Hangzhou is expected to see 10 straight days of above 104F weather, breaking its record of eight days in 2013.
Persons: CFOTO Organizations: CCTV, IKEA, Getty Images, Grid, Getty Locations: BEIJING, Eastern China, Jiangsu, Zhejiang, China, Shanghai, Anhui, Xinjiang, Hangzhou, Nanjing, Wuxi, Changzhou, Zhenjiang
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