Israel’s defense minister announced on Wednesday an expansion of its military offensive in Gaza, including plans to seize “large areas” of the enclave, an apparent attempt to pile more pressure on Hamas as efforts to restore a shattered cease-fire falter.The remarks, which echoed a similar threat by the minister, Israel Katz, last month, suggest that Israel intends to hold captured territory, at least temporarily, in a shift from earlier tactics. In the 15-month military campaign that preceded the January truce, Israeli forces stormed Gazan cities before withdrawing, leaving behind vast destruction but allowing Palestinian militants to regroup in the rubble.Mr.…
Author: usaeverydaylife
Shares of nCino are worth picking up after sell-off on the back of soft guidance, according to KBW. Analyst Ryan Tomasello maintained his outperform rating on the cloud banking stock following its earnings report. On the other hand, Tomasello slashed his price target by $12 to $28, which now implies shares will tick about 0.4% lower from where they finished Tuesday. His new price target appears to be the lowest among Wall Street analysts, per LSEG. Tomasello’s call comes after the company posted an outlook for earnings and revenue in the current quarter and for the full year that came…
Kelly Ortberg, CEO of Boeing, speaking on CNBC’s Squawk Box on Jan. 28th, 2025.CNBCBoeing CEO Kelly Ortberg will testify in front of a Senate committee on Wednesday on the progress the plane maker has made on improving its manufacturing and safety standards after years of crises in both its commercial and defense units, including a 2024 near-catastrophic midair door plug blowout from one of its planes that left Boeing’s factory without key bolts installed.”Boeing has made serious missteps in recent years — and it is unacceptable. In response, we have made sweeping changes to the people, processes, and overall structure…
Trucks coming from Mexico enter the United States to an inspection station after crossing the border in Otay Mesa, California, on April 1, 2025. Sandy Huffaker | AFP | Getty Images The dread of something bad happening is usually more severe than the event itself.This could well be the case for U.S. President Donald Trump’s wide-ranging tariff plan. Even though Trump initially described it as “reciprocal tariffs,” implying that the U.S. would match other countries’ import levies, the White House is reportedly considering a 20% charge on most goods and services. The figure sounds high, but is dramatically lower than, for…
The U.S. government is set to increase tariff rates on several categories of imported products. Some economists tracking these trade proposals say the higher tariff rates could lead to higher consumer prices.One model constructed by the Federal Reserve Bank of Boston suggests that in an “extreme” scenario, heightened taxes on U.S. imports could result in a 1.4 percentage point to 2.2 percentage point increase to core inflation. This scenario assumes 60% tariff rates on Chinese imports and 10% tariff rates on imports from all other countries.The researchers note that many other tariff proposals have surfaced since they published their findings…
There were times, before Israeli airstrikes on Gaza shattered the two-month-old cease-fire on March 18, when Huda Abu Teir and her family could almost believe things might go back to normal.After fleeing from their home to a shelter for displaced people, and then to a tent, another shelter and on to another encampment during 15 months of war — six or seven displacements in all — they had returned to their house in Abasan al-Kabira, in southeastern Gaza, where they lived with Huda’s grandparents and uncles.Back at home a few weeks ago, Huda, 19, threw a pizza party for her…
Israel’s Foreign Minister Israel Katz in Jerusalem on October 7, 2024. Ahmed Gharabli | Afp | Getty ImagesIsraeli Defense Minister Israel Katz announced a major expansion of the military operation in Gaza on Wednesday, saying large areas of the enclave would be seized and added to the security zones of Israel.In a statement, Katz said there would be large-scale evacuation of population from areas where there is fighting, and urged Gazans to eliminate Hamas and return Israeli hostages as the only way to end the war.He did not make clear how much land Israel intends to seize, however.It has already set…
Artificial intelligence has become an increasingly popular theme among family offices in Singapore and the wider Asia region, LH Koh, managing director and head of global family and institutional wealth at UBS said at CNBC’s CONVERGE LIVE event in Singapore last month.”Our family office clients are focusing on this as perhaps the most interesting and important sector,” he said in a conversation with CNBC’s Robert Frank.Koh, whose clients are based across the Asia-Pacific region, believes the “trend focusing on AI will still continue.”He cited a 2024 UBS survey which found that more than three-quarters of family are keen to invest in generative…
British Prime Minister Keir Starmer and U.S. President Donald Trump shake hands during a joint press conference in the East Room at the White House, Feb. 27, 2025 in Washington, D.C., U.S.Carl Court | Via ReutersAs countries around the world brace for the implementation of U.S. President Donald Trump’s trade tariffs and with more targeted levies likely impending, the U.K. still hopes it can escape the worse of the import duties.Britain has touted its far more balanced trading relationship with the U.S. in recent weeks, looking for a more lenient approach from Trump. The White House leader is railing against…
An 800-mile rail corridor stretching from Angola’s northern border to the Atlantic Ocean was former President Joseph R. Biden Jr.’s signature project in Africa, meant to counter Chinese influence and reshape America’s engagement with the continent.When President Trump came into office this year, he quickly moved to dismantle decades of American aid to Africa, raising fears that the United States was pulling back from its commitments. The future of America’s involvement in the rail project was an open question.But this week, the acting U.S. ambassador in Angola, James Story, gave the first indication that the Trump administration was on board…
