Leaders from Gulf and South Asian countries called US President Donald Trump to ask him to call off strikes against Iran after Trump posted about his planned attack on Truth Social, Politico reported on Friday morning.

The calls came from Qatari Emir Tamim bin Hamad Al Thani, United Arab Emirates President Mohamed bin Zayed Al Nahyan, and Pakistani defense chief Asim Munir, who assured Trump that a preliminary agreement, which would pave the way for more detailed talks, was at hand.

A Trump administration official told Politico that these countries have influence over Tehran and Supreme Leader, Ayatollah Mojtaba Khamenei, adding that their assurance of a deal led the President to walk back his plans to attack.

Trump posted to Truth Social on Thursday, announcing that “Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, canceled the scheduled strikes and bombings against Iran this evening.”

He added, “Discussions and final points have been, in both concept and great detail, approved by all parties involved.” However, shortly after his post, Fars, a semi-official publication in Iran, reported that the country hadn’t agreed to any deal. 

Israeli sources told Channel 12 that Israel does not recognize reaching an agreement.

Trump claims a deal has been reached and war is over 

On Thursday night, Trump held a virtual tele-rally for Burt Jones, saying, “I don’t know if you heard, but we ended the war with Iran today, and they agreed they will never have a nuclear weapon.”

Iranian state media reported that Esmaeil Baghaei, a spokesperson for the foreign ministry, said that while large parts of the negotiating text have been finalized, Iran would not compromise on its red lines, Reuters reported.

“Iran has not yet reached a final conclusion on an agreement,” he said.

Many diplomats were skeptical that Khamenei had actually agreed to anything. “I’ll believe it when I see it,” one Arab diplomat said, according to reports from Politico.

The Prime Minister’s office said that Netanyahu expressed his appreciation for Trump’s commitment to the ceasefire agreement with Iran, which “will include the removal of enriched nuclear material, the dismantling of enrichment infrastructure, limits on missile production, and an end to Iran’s support for its terrorist proxies in the region.”

Israel is not part of the US’s memorandum of understanding with Iran.

This post was originally published on here

For decades, the homebuying journey followed a relatively predictable path. Buyers would visit communities, meet with sales representatives to gather information and gradually move toward a purchase decision. Today, that process looks dramatically different.

Modern homebuyers move fluidly between websites, online reviews, virtual conversations, social media content, mortgage research and in-person model visits. They may spend weeks or even months researching builders, floor plans and school districts. While buyers have more information than ever before, they also face a growing challenge: information overload.

As builders work to improve their homebuilder sales strategy in a competitive housing market, many are discovering that success is no longer determined solely by generating more leads. Instead, the opportunity lies in creating a more connected and consistent omnichannel homebuyer experience that guides customers through an increasingly complex decision-making process.

The homebuyer journey is no longer linear

Historically, builders operated around a relatively structured sales funnel. Buyers entered the process, progressed through a series of steps and eventually reached a purchase decision. Today’s buyers rarely follow that path.

They often move between multiple builders, conduct extensive online research and consume enormous amounts of information before engaging directly with a sales team. In many cases, buyers arrive at a model home having already narrowed their options and formed preliminary opinions about the builders they are considering. This shift has fundamentally changed how builders must think about customer engagement.

The challenge is no longer simply providing information. Buyers already have access to floor plans, pricing details, community information and reviews. The challenge is helping buyers make sense of that information and confidently move toward a decision.

Builders that recognize this shift are increasingly focusing on creating seamless experiences across every customer touchpoint rather than treating each interaction as a separate event.

Why homebuilder sales continuity matters more than ever

One of the biggest obstacles facing builders today is the lack of continuity across sales and marketing channels. Many organizations still operate with separate teams, with work spread out in silos between:

  • Marketing
  • Online sales
  • Mortgage conversations
  • Model home interactions
  • Design center appointments
  • Customer care functions

While these teams may perform their individual roles effectively, the buyer often experiences them as disconnected departments rather than a unified brand. From the buyer’s perspective, this can feel frustrating.

Customers frequently find themselves repeating the same information multiple times as they move through the process. Questions already answered online must be answered again during virtual consultations and repeated once more during in-person visits. The result is a lack of what many sales leaders describe as contextual intelligence: the ability for every team member interacting with a buyer to understand that buyer’s goals, concerns and previous interactions.

When information flows seamlessly between teams, buyers feel understood. When it does not, confidence begins to erode. In an environment where trust plays a significant role in purchasing decisions, reducing these points of friction can directly impact homebuilder conversion rates. When buyers feel understood and supported throughout the process, they are more likely to move confidently toward a purchase decision.

Transforming the website into a digital salesperson

The role of the builder website is also evolving. For years, builder websites operated on an outdated model, primarily serving as digital brochures. Their purpose was to display communities, floor plans and contact information.

Modern builders are increasingly treating their websites as 24-hour sales professionals capable of educating, engaging and supporting buyers throughout the research process. This requires a different mindset.

Buyers expect websites to educate, guide and answer questions. Rather than simply presenting information, websites should help buyers understand the builder’s processes, warranty programs, construction standards and overall customer experience.

Every digital interaction should reinforce the builder’s value proposition and help establish trust before a direct conversation ever occurs. As virtual engagement tools continue to mature, websites are becoming a critical foundation of the broader omnichannel homebuyer experience.

Moving from qualification to consultation

The growing sophistication of today’s buyers is also changing the role of sales professionals. Traditionally, many builder sales processes focused heavily on qualification. The goal was to determine whether a prospect was ready and capable of purchasing a home. While qualification remains important, leading builders are shifting toward a more consultative approach.

Today’s buyers need guidance before they need qualification. Most buyers are not experts in homebuilding, financing or community selection. Even after conducting extensive research, many still need guidance in navigating the process and evaluating their options. Trust is built through consultation, not interrogation.

Builders who position their teams as advisors rather than gatekeepers often create stronger customer relationships and better long-term sales outcomes.

The new role of the on-site sales professional

By the time many buyers arrive at a model home, many times much of the traditional sales process has already occurred. They have reviewed floor plans, explored communities and compared multiple builders online. In many cases, they have already identified a shortlist of preferred options. This means sales professionals must adapt.

The days of simply presenting information are fading. Buyers often need help interpreting information rather than acquiring it. Successful sales teams are becoming skilled at discovery and interpretation. Instead of leading with presentations, they focus on understanding the buyer’s goals, concerns and decision-making process.

Rather than seeking additional data, customers are looking for a sense of certainty. The most effective sales conversations help buyers connect the information they have already gathered with the personal decisions they need to make for their families. In this environment, sales professionals become guides who help buyers navigate complexity rather than simply providing additional details.

Building an omnichannel homebuyer experience without overhauling everything

One of the biggest misconceptions surrounding omnichannel engagement is that it requires a major technology overhaul. In reality, successful implementation often starts with process alignment rather than new tools.

Builders can begin by asking three simple questions:

  1. What information is collected at each stage of the buyer journey?
  2. How effectively is that information shared across teams?
  3. Where are buyers being forced to repeat themselves?

These questions often reveal gaps that create friction throughout the customer experience. The goal is not necessarily to add more technology. The goal is to create greater continuity between existing touchpoints. Every interaction should build upon the previous one.

Whether a buyer moves from a website to an online sales representative, from a virtual meeting to a model home visit or from a mortgage conversation to a design center appointment, the experience should feel connected and consistent. When continuity increases, buyer confidence tends to increase as well.

Conclusion: The future belongs to connected brands

As builders look ahead, the most successful organizations may not be those generating the largest volume of leads. Instead, they may be the ones creating the most connected customer experiences. Buyers do not experience marketing, online sales, mortgage services and model homes as separate departments. They experience a single brand.

Every interaction shapes their perception of the brand and influences whether they feel confident moving forward. The builders that thrive in the next phase of home sales will be those that prioritize homebuilder sales continuity, create a connected omnichannel homebuyer experience and align every touchpoint around a consistent homebuilder sales strategy.

In a market defined by abundant information and evolving consumer expectations, continuity is becoming more than an operational goal. It is becoming a competitive advantage.

Click Here

A prominent Palestinian doctor captured by the Israeli military in Gaza in late 2024 and held in detention ever since appeared by video link at a High Court of Justice hearing in Jerusalem on Wednesday.

Hussam Abu Safiya appeared in the video to have lost weight since being captured at a Gaza hospital. The media were briefly allowed into the courtroom before being ushered out as proceedings got underway.

Abu Safiya’s brother, Muafaq, said in April that the family learned through his lawyer that he had lost 40 kg. (88 lb.) in prison and suffered four fractured ribs and other ailments. An Israeli rights group has said Abu Safiya is among a group of Gazan doctors held by Israel who have been denied adequate food.

The Israel Prison Service has denied those allegations.

The Supreme Court was hearing an appeal from Abu Safiya’s lawyer, Nasser Odeh, challenging his detention. The court is expected to announce its decision later on Wednesday.

Abu Safiya has been held without charge, according to the Physicians for Human Rights Israel (PHRI), an Israeli rights group, for more than 500 days. His appearance before the court on Wednesday, by video link, was the first time he has been seen publicly since February 2025, the group said in a statement.

IDF does not provide evidence for Hamas accusation

Abu Safiya was captured by the IDF from the Kamal Adwan Hospital ​in Beit Lahiya, northern Gaza, and is accused of being a member of Hamas.

Gaza’s Hamas-run health ministry and Hamas ​have denied the allegation.

Following the hearing on Wednesday, Odeh told reporters his client was handcuffed and shackled throughout the proceedings and said he was being held in solitary confinement.

Odeh also claimed that Abu Safiya was not receiving medical treatment, including for what he described as severe neck and back pain caused by an assault during detention, or medications for what he said was needed to treat a chronic illness.

Abu Safiya also had his eyeglasses confiscated and was experiencing vision problems as a result, and his hands were showing signs of skin disease, which Odeh said was widespread among Palestinian prisoners held in Israeli prisons.

IPS did not immediately respond to a request for comment on Abu Safiya’s treatment in detention.

Palestinian doctors denied medical care, food, rights group says

During the hearing, Abu Safiya could be seen handcuffed and wearing a white t-shirt and grey tracksuit pants, clothing commonly worn by Palestinian prisoners in Israeli jails.

Abu Safiya is among 14 Palestinian doctors captured in Gaza by the IDF and detained for over a year without charge.

PHRI in April called for their release, saying they had been denied adequate medical care and food and subjected to physical abuse while in detention.

IPS at the time said it rejected all allegations that the doctors had been mistreated in ⁠prison.

This post was originally published on here

The Japanese city of Utsunomiya captured a wild black bear on Tuesday after a dramatic, multi-day search that gripped the nation, with local schools closed and residents urged to stay indoors.

The city closed all 94 municipal primary and middle schools for a second straight day on Tuesday after its first-ever bear sighting on Saturday evening. Authorities decided to keep schools closed again on Wednesday due to a report of a possible second bear roaming the city, an official said.

Bear attacks have spiked in Japan, including in urban areas, prompting the government to set up a task force this year to reduce incidents. In fiscal 2025, the country reported a record 238 casualties, including 13 deaths, according to the environment ministry.

With about 500,000 residents, Utsunomiya, in Tochigi Prefecture, is part of the Greater Tokyo Metropolitan region, about 100 km north of the capital.

When the bear resurfaced in a residential area early on Tuesday afternoon, police cars and other vehicles involved in the search promptly blocked off the vicinity. For more than an hour, police officers milled about, with some holding long sticks and others holding metal shields, as national broadcasters aired live footage from helicopters.

City has yet to decide what to do with captured bear

The adult bear, which was estimated to weigh about 100 kg, was eventually shot with a tranquilizer gun, loaded onto a cage on a truck, and driven away. The city has yet to decide what to do with it, an official said.

About 100 km to the northeast, Iwaki in Fukushima Prefecture also suspended classes at three schools on Tuesday in a neighborhood where a black bear was spotted a day earlier.

Last week, a bear attack in Fukushima city left at least four people injured, with security footage in one incident showing the animal chasing a man and throwing him to the ground.

Asiatic black bears are listed as a globally vulnerable species, but their numbers are estimated to have tripled in Japan since 2012, aided by a decline in hunting.

Experts say climate change has reduced harvests of natural bear food like acorns and beechnuts, while the depopulation of rural areas and the proliferation of abandoned farmland have emboldened them to seek nourishment near human settlements.

This post was originally published on here

Physicians at Clalit Health Services’ Beilinson Hospital have successfully performed Israel’s first intrauterine (prenatal) surgery to remove a rare placental tumor that threatened the life of an unborn child, Clalit announced.

The 25-week pregnant mother was rushed to the Petah Tikva medical center after a routine anatomy scan revealed a growth developing on the placenta’s surface.

Follow-up ultrasound examinations indicated that the tumor was disrupting the blood circulation between the mother and the fetus. The severe circulatory changes had already triggered fetal heart failure, placing the unborn baby in immediate, life-threatening danger.

Because the pregnancy was at an early stage, delivering the baby prematurely carried severe developmental risks.

Consequently, the medical team opted for an emergency in utero intervention.

The operation was led by Dr. Yuval Gielchinsky, Director of the Fetal Medicine Center at Clalit-Beilinson, alongside Dr. Kinneret Tenenbaum, Head of the Twin Pregnancy Clinic.

“In advanced stages of pregnancy, delivery can sometimes be the solution,” Dr. Gielchinsky explained. “But in this case, the patient was only 25 weeks pregnant. The only remaining option was an endoscopic fetal intervention, which is only possible when the tumor is located in an accessible area of the placenta, as it was in this case.”

A minimally invasive procedure

During the minimally invasive procedure, surgeons entered the uterus, pinpointed the precise blood vessels supplying the tumor, and used advanced cauterization techniques to seal them off, effectively starving the tumor of its blood supply.

Placental tumors are generally rare, according to experts at the National Library of Medicine (NLM). While many remain benign and develop too slowly to interfere with a normal pregnancy, severe cases can dangerously divert blood away from the fetus. This can lead to serious complications, including fetal anemia, low platelet counts, extreme excess amniotic fluid, and preeclampsia in the mother, a study from the NLM explained.

Following the milestone surgery, the mother was monitored closely in Beilinson’s maternal-fetal medicine unit. The hospital confirmed that she has since been discharged home in stable condition and will continue to receive specialized outpatient follow-up care at the Fetal Medicine Clinic.

This post was originally published on here

British Jewish groups say they are alarmed about revelations that a fraternal society for Muslim police officers published a policy paper that described Zionism as a form of anti-Muslim hatred and called the Israeli army a “Zionist terrorist group.”

The Board of Deputies of British Jews called the paper posted by the National Association of Muslim Police “disturbing” in its presentation of Jewish identity, history and the nature of antisemitism.

“If this is being circulated among officers, it poses a direct challenge to the integrity of policing and it should be withdrawn immediately,” the group said.

NAMP has distanced itself from the report and, in a statement, rejected any allegation that the group “supports Hamas.”

The 39-page paper titled “From Past Prejudices to Present Policies: Confronting anti-Muslim hatred and Promoting Human Rights,” was written by NAMP’s then-vice president, Khaldoun Kabbani, and published in July 2025. It says “Zionism represents one of the manifestations of anti-Muslim hatred”; likens the war in Gaza to the Holocaust; and disputes facts about Hamas’ Oct. 7, 2023, attack on Israel, including that Israeli children were killed.

The Spectator, a right-wing British newspaper, drew attention to the report in a piece published on Friday that said the report illuminated “the disturbing truth about the National Association of Muslim Police.” The group has a formal affiliation with 16 of 43 police departments in the U.K. and says it represents more than 20,000 officers.

Kabbani, a forensics officer, was briefly the chair of the Scottish Muslim Police Association but planned to move abroad after retiring earlier this year, according to a post by the group on LinkedIn.

The revelation of the NAMP report comes at a time of heightened tension over policing in the UK, amid both a surge in anti-Jewish crimes and a renewed uproar over a December murder that has fueled allegations of “two-tier policing” that treats some victims differently from others. The Spectator referenced the victim, Henry Nowak, in the column about NAMP.

Rising number of antisemitic incidents in the UK

The NAMP report has spurred distress for many British Jews who are on edge amid a string of violent incidents targeting Jewish communities. The Campaign Against Antisemitism, a watchdog group, said its polling shows that 83% of British Jews do not think the police are doing enough to protect them — and that the report suggested their concerns were well founded.

“The people responsible for publishing this extremist screed on the official police.uk web domain are unfit to be police officers and must be immediately investigated by their respective forces’ professional standards departments and dismissed,” Steven Silverman, CAA’s director of investigations and enforcement, said in a statement.

“British Jews have long suffered two-tier policing that sees antisemitic crime go unpunished,” he said, adding that CAA would press the British government “ensure a clear message is being sent. This cannot pass with the document being quietly deleted.”

The report was removed from NAMP’s website over the weekend. The group distanced itself from the report in a statement published on Tuesday, saying that it had removed the report “immediately” after learning about its existence and emphasizing that the author was “no longer associated” with NAMP.

“We understand that the publication of this document has affected several communities, and we regret any concern, discomfort, or misunderstanding it may have caused,” the group said.

It added, “NAMP categorically does not ‘defend’ Hamas or any other proscribed organisation. We condemn all forms of terrorism and extremism.”

Responses from British Jewish leadership

The document is “deeply troubling,” a spokesperson for the Jewish Leadership Council, which coordinates British Jewish groups, said in a statement.

“This document appears to falsely associate an ideology held by the majority of Jewish people as a threat to Muslims. It also engages in deeply troubling Holocaust inversion and denial of some of the worst atrocities carried out by Hamas on October 7th,” the spokesperson said. “At a time of rising antisemitism including violent attacks on British Jews, this document further threatens community cohesion and police forces should be clear in distancing themselves from it.”

The Board of Deputies of British Jews said it plans to speak with the “relevant” government and police departments to discover the paper’s provenance, how it’s being used and “how to ensure that the valued relationships of trust between British Jews and the police are not being undermined.”

The Metropolitan Police of London, the largest police department in the UK and a formal NAMP affiliate, declined to comment on the report. The department has recently stepped up policing in Jewish communities in an effort to stem antisemitic violence.

This post was originally published on here

What was reported as another collateral hit in an “open area” during the Iranian missile attack on Israel earlier this week turned into a personal and professional disaster for the Simantov family. Missile interception fragments that fell during the night between Sunday and Monday struck the unique white lily plot at their Seeds from Zion nursery, causing severe damage to a rare preservation project developed over more than two decades.

The initiative began in 2004 during the excavation of the Carmel tunnels. Bulbs of white lily uncovered during the engineering works were transferred to the Simantov family with approval from the Nature and Parks Authority to save the rare plant. Using tissue cultures, they produced thousands of new bulbs – some returned to the wild in the Carmel, while others were kept at the nursery for propagation and conservation.

“When we started, there were only a few dozen bulbs,” Zion Simantov said. “Today we have tens of thousands of bulbs. We are practically the only place in the country that holds the original white lily from the Carmel – not a commercial variety but the real natural plant that returns from here to its natural location in the Carmel and to other suitable places in Israel.”

According to Simantov, the plot reached its peak just a month and a half ago.

“After 12 years of waiting, we saw an amazing bloom. Flowers about a meter tall. Thousands of people came to see, photograph, and be moved. We expected a large seed harvest that would allow us to continue and expand the project.”

The morning after the missile attack, the harsh reality became clear.

“Our dedicated Thai workers called and told me to come to the site immediately,” he recalled. “We found a huge crater, about six meters in diameter, right inside the plot. Parts of the area were blown away, and the damage is scattered over hundreds of meters.”

Shortly after, police officers and Border Police fighters arrived.

“They saw the hole, documented it, collected the fragments that were on the ground, and left,” Simantov recounted. “But so far, no government officials have arrived to inspect the damage itself.”

Representatives from the Property Tax Authority are expected only next week.

“And that’s exactly the issue,” he said. “This is not like an orange grove where you can count how many trees were hit and calculate their value. This is something unique, with almost no parallel in the country. You need an expert to examine what happened above and below ground.”

Hidden damage and uncertain future

The difficulty, he explained, is that much of the damage is underground. The lily bulbs take many years to mature and bloom.

“We still don’t know how many bulbs were destroyed,” he said. “It could be hundreds, it could be thousands. Only in months or even years will we know the full extent of the damage.”

Hila Friedman, Zion’s daughter who manages the nursery with her father and husband, said this is more than a financial loss.

“This is not just an agricultural plot. This is heritage, this is nature conservation, this is something my father dedicated decades of his life to.”

A long road to recovery

While waiting for the official damage assessment, the family hopes that some bulbs survived.

“We do not intend to give up,” Simantov said. “But it is clear that the path to restoration will be very long. What was destroyed in an instant took us more than twenty years to build.”

This post was originally published on here

Amid a brief round with Iran, which ended in a “hand-tying” by US President Donald Trump, who also said he is unsure whether Prime Minister Benjamin Netanyahu will run in the upcoming elections, as well as the coalition’s accelerated legislation promoting a law equating Torah students with IDF service members, the Likud party is dropping this week by three seats to just 22, according to a Maariv poll published on Friday.

This is Likud’s lowest figure since August 2025, when it received 21 seats in a Maariv poll. However, the coalition bloc maintained its strength from last week at 50 seats, after the Religious Zionism party again passed the electoral threshold. The Zionist opposition bloc remained at 60 seats, and the Arab parties received an additional 10 seats.

In the opposition, Gadi Eisenkot’s strengthening trend continued, with his party Yashar! jumping three seats this week to a record 20. Conversely, the Together party, led by Naftali Bennett, fell by two seats to 21. In effect, a three-way race has emerged for the title of the largest party among Likud, Together, and Yashar! Drama is intensifying in the opposition bloc, with the gap narrowing between Together and Yashar!

In response to the question, “If elections for the Knesset were held today, which party would you vote for?” the answers were: Likud 22, Together 21, Yashar! 20, the Democrats 10, Yisrael Beytenu 9, Otzma Yehudit 9, Shas 8, United Torah Judaism 7, Hadash-Ta’al 6, Ra’am 4, Religious Zionists 4.

Blue and White (1.9%), Balad (2%), and the Reservists (1.7%) did not pass the threshold.

Bennett, Eisenkot beating Netanyahu for PM in poll

The poll also showed that Bennett leads Netanyahu in a hypothetical prime minister match-up, 43% to 39%.

Eisenkot widened his lead over Netanyahu with 44% compared to 40% for Netanyahu.

Against Avigdor Lieberman, Netanyahu leads 41% to 37%, but the gap has narrowed significantly from the previous poll, where Netanyahu led the Yisrael Beytenu chairman by a double-digit margin (48% to 29%).

The survey found that half of Israelis (50%) believe Trump will act in Israel’s interests in the confrontation with Iran, while 43% have low or no trust in him on this issue, and 7% are unsure.

The poll, conducted June 10–11 by Lazar Research under Dr. Menachem Lazar, in cooperation with Panel4ALL, included 500 respondents, representing a representative sample of Israel’s adult population, Jewish and Arab, aged 18 and over. The maximum sampling error is 4.4%.

This post was originally published on here

The 32-year-old man who killed a high school student from Nahariya after he accidentally stumbled upon the scene of an attempted assassination in January 2020 was sentenced on Wednesday in the Haifa District Court. 

Halal Khlo from Acre was given 25 years in prison following his conviction for the murder of the 17-year-old. He was also sentenced to 12 months in prison, on probation, and the maximum possible compensation to the victim’s family.

After more than six years of a complex trial, largely based on circumstantial evidence, Khlo accepted a plea deal arranged by defense attorneys Uri Ben Natan and Zohar Arbel for the Haifa District Attorney’s Office.

Khlo pleaded guilty to an amended indictment and was ultimately convicted of intentional murder, attempted murder, carrying a weapon, recklessness, and negligence.

What happened in the run-up to the student’s murder?

According to the amended indictment, Khlo and others conspired to harm Muhammad Rubai, 28, while he was in Nahariya. They intended to shoot him from a passing vehicle as he walked. They opened fire on the target, who was wounded, but one of the bullets also hit the high school student who happened to be walking nearby.

The 17-year-old was taken to the hospital and died due to his wounds a few hours later.

The case was reportedly close to a conviction when the defense attorneys requested a plea deal. Prosecutor, attorney Muhammad Molla said that “examining the evidentiary difficulties that emerged during the trial and involving the families of the deceased and the injured in the incident, the prosecution came to the conclusion that this was a proper and balanced arrangement.”

The defense’s arguements for the deal

The defense emphasized that Khlo was not accused of shooting or driving the vehicle, but rather of committing the offenses along with others, as the prosecution was unable to determine which of the individuals involved had hit the deceased and the injured.

Attorney Tomer Ben Hamo, who represents the family on behalf of the SNA program, the assistance for families of victims of homicide, said in court that agreeing to the settlement was a “very difficult decision” after six years of conducting a trial, but the family preferred the certainty of convicting the defendant of murder and bringing the case to an end. 

According to him, financial compensation was not a consideration for the family.

This post was originally published on here

More than 17,000 coffee makers were recalled over a burn hazard that can cause serious injury, according to federal regulators.

About 17,600 Kidisle-branded hot and iced coffee machines were affected by the recall, according to the U.S. Consumer Product Safety Commission.

“The recalled coffeemakers(sic) can become clogged, causing hot liquid or steam to build up and be released unexpectedly during use, posing a risk of serious injury from burn hazard,” the commission said on Thursday.

FORD ISSUES RECALL FOR MORE THAN 548,000 VEHICLES OVER ISSUE WITH CENTER CONSOLE

At least 107 reports have been made regarding the coffee makers releasing hot liquid or steam unexpectedly, causing at least 27 reported injuries, including first and second-degree burns that required medical treatment.

The item is designed in black, white and gray colors, measures about 11 inches high and 6 inches wide and has a 50-ounce detachable water tank. It can brew six to 14 ounces of cupped or ground coffee.

The coffee makers were sold online at Amazon, Walmart and eBay from June 2024 through April of this year for about $49.

The machines affected by the recall have model “KC101B” printed on a sticker on the underside while the brand name is listed on the product order receipt.

KIA RECALLS 6K VEHICLES DUE TO POSSIBLE SEAT BELT DEFECT THAT COULD RAISE INJURY RISK

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Consumers are urged to stop using the coffee makers immediately and contact Kidisle for a full refund.

This post was originally published here

American rapper Ye’s (Kanye West) upcoming Prague concert was cancelled after the venue set to host him pulled out, marking the latest in a series of cancelled concerts for the controversial artist, PrahaIN.cz reported on Thursday.

The concert, organized by Slovak producer Hugo Varga and scheduled to take place on July 25 at a horse-racing track, was nixed by venue owner Zuzana Rambová, who said that the arena “terminated the organizer’s contract” but didn’t mention specific reasons for doing so. 

Varga was one of the organizers of a Slovakia rap festival scheduled for the summer of 2025, where Ye was due to perform. Ultimately, after local protests against the event as well as concerns about preparations, Ye withdrew from the lineup and the entire festival was canceled.

At the time, Varga said the failure of the festival was due to financial regulations, and that Ye shouldn’t be blocked from performing due to past missteps, in a statement to Forbes Slovakia.

Rambová also echoed the sentiment that Ye should be free to perform despite antisemitic remarks he made in the past.

Multiple events featuring Ye scrapped as of late

The Prague concert is the latest in a string of cancelled performances since Ye began making antisemitic statements publicly.

In April, plans for a July appearance at the UK’s Wireless Festival were scrapped after Ye was denied a visa.

A week later, the artist postponed a June concert in Marseille following opposition from several French politicians, including Marseille Mayor Benoit Payan.

Additional concerts, including ones planned for Poland, Italy, and other countries, have also been aborted in the recent past.

In October 2022, the rapper began making blatantly anti-Jewish statements on social media, leading to a wave of cancellations from sponsors and partners. In May 2025, Ye, who has attributed his antisemitic remarks to untreated bipolar disorder, said he had abandoned anti-Jewish ideals and apologized publicly.

Reuters contributed to this report.

This post was originally published on here

A combined rescue operation took place on Tuesday morning, as lifeguards worked to save a loggerhead sea turtle that was entangled in a fishing line.

The turtle was found by three lifeguards from the Haifa Municipality’s Coastal Department, and the rescue was quickly joined by Professor Roee Diamant, head of a laboratory at the University of Haifa’s School of Marine Sciences.

The teams worked together to successfully retrieve the turtle from the sea after contacting the Israel Nature and Parks Authority hotline. Within half an hour, marine unit inspector Ilya Baskin arrived at the beach and took the turtle for further treatment at the National Sea Turtle Center in Mikhomoret.

Professor Diamant explained that he often works in the area of the coastline where the giant sea turtle had been found, and “There is a very large amount of ghost nets, fishing lines, and hooks that people leave behind. This is a very problematic and dangerous hazard, and unfortunately, it is not surprising to encounter sea turtles in this area that are harmed by the abandoned equipment.” 

The turtle was named Halil (Flute) after one of the team members who took part in its rescue.

Haifa Municipality addresses ocean pollution

Representatives from the Haifa Municipality spoke about the operation, praising the rescuers for their quick instincts and response. Director of Haifa Municipality Beaches Department, Rita Sassi, said, “Our lifeguards are not only responsible for saving the lives of bathers, but also show responsibility and commitment to the marine environment and the animals living in it. The alertness, sensitivity, and quick response they demonstrated apparently prevented serious harm to the sea turtle, and I am proud of them for their work.”

Haifa Mayor, Yona Yahav, said, “Halil, the sea turtle that was rescued off the coast of Haifa, reminds us all of how beautiful, exciting, and vulnerable the nature around us is. I am proud of the Haifa Municipality rescuers, who, with vigilance, responsibility, and extraordinary compassion, were not content with their role of saving human lives, but also acted resolutely to save an animal in distress. I would also like to thank Prof. Roy Diamant, student Ron Banjo, the staff of the Nature and Parks Authority, and the National Center for Sea Turtle Rescue for their quick and professional cooperation.”

Yahav added, “Along with the exciting story, it is important to remember that fishing lines, nets, and waste thrown into the sea can become a deadly trap for marine animals. The responsibility to protect the sea and the life in it lies with all of us. Haifa is a city of the sea, and we are committed to doing everything we can to protect our unique marine environment, so that future generations can also enjoy it. I wish Halil a full recovery and hope to see him return to the sea soon, healthy and free.”

Halil is currently undergoing rehabilitation in Mikhomeret. The rescue center stated that his injured limb is in a state of necrosis, but X-rays revealed that it was not broken.

The sea turtle is expected to undergo a lengthy rehabilitation process before hopefully being released back into the sea.

This post was originally published on here

Hundreds of relatives with loved ones among Mexico’s near-135,000 missing people marched in Mexico City on Thursday, using the inauguration of the FIFA World Cup to rally support and call out what they described as a lack of government action.

Protesters from grassroots organizations known as “madres buscadoras” (mothers who search) bused into the capital from several other states late on Wednesday to take part in a candle-lit vigil and a larger march on the Mexico City Stadium ahead of kickoff.

Hector Aguila, 59, who organizes Jalisco-based searchers’ group Luz de Esperanza (Light of Hope) and has been looking for his son since 2023, said families were being re-victimized by long, fruitless bureaucratic processes.

“We’re not against the World Cup, we’re not against people coming here to enjoy the party,” he said outside a massive fan party in the main square. “We are against that they invest so many millions of pesos in this while we are left in oblivion.”

Alexandra Campa, 40, who has been searching for her younger brother for over a year and is a member of several collectives in Jalisco, one of Mexico’s most violent states, told Reuters she considered seeking help from the state a waste of time.

“Every month they change the lawyer,” she said. “There is never a solution and there are thousands of cases like mine.”

Cartel-related disappearances cause uproar

The day’s protests began peacefully with collectives wearing white shirts or green Mexican football jerseys printed with posters of their missing loved ones. Later in the day, however, some groups tore down fences and clashed with security forces, and hundreds of riot police deployed on streets around the stadium.

The government attributes the disappearances mainly to cartels and says many went missing in violence tied to former Mexican president Felipe Calderon’s militarized “war on drugs” from the late 2000s. It says locating them is a national priority.

But critics say weak state support and institutional backlogs force families to search alone in dangerous areas, where some activists have been killed. They also argue the high number of unresolved cases obscures the scale of deadly violence in Latin America’s second-most populous country.

Ahead of the inaugural match, activists put up thousands of missing posters on roundabouts and along the tracks of the train that leads to the main stadium and graffitied over walls and bus stops with protest slogans such as: “The ball is coming home, but when will our children?”

At the Angel of Independence, one of the city’s most famous monuments, tourists took photos and a performer danced to Shakira and Burna Boy’s World Cup anthem while in the background, “heroes” was crossed out on the statue’s stone tablet, replaced with “desaparecidos” – the disappeared.

Campa said she felt left behind and hoped the protests would rally international support for the search efforts.

“We’re here so if our relatives can see us, they know we’re looking for them, we love them and we miss them very much,” she said.

This post was originally published on here

Former Taliban commander Haji Najibullah, 50, has been sentenced to 42 years in prison and five years of supervised release on terrorism charges, the United States Department of Justice said on Tuesday. 

The charges are based on his role as a Taliban commander in Afghanistan, on the border of Kabul, leading attacks against US serviceman and allies, between 2007 and 2009. 

These attacks include the deadly June 2008 attack that killed three US Army servicemembers and their Afghan interpreter, as well as injuring several others.

A few months later, he led an attack against an Afghan National Police outpost which reportedly resulted in the death of three Afghan police officers.

Additional charges came from Najibullah’s actions against civilains, including taking an American New York Times journalist and two Afghan nationals hostage in 2008 and 2009.

The three were held for seven months under constant armed guard before eventually succeeding in escaping.

In April 2025, Najibullah pleaded guilty to taking hostages and supporting acts of terrorism that resulted in death.

According to the DOJ, he spoke of the men who had served under him and the acts they had done proudly, stating that the men were “ready to die” and “put on a belt and blow themselves up if we ask them.”   

US will ‘hunt down, bring to justice’ those who harm Americans

“Those who harm Americans and engage in acts of terrorism will be hunted down and brought to justice, no matter how long it takes,” said Acting Attorney-General Todd Blanche. “As a Taliban commander, Najibullah supported brutal terrorist attacks that killed American servicemembers and orchestrated the savage hostage-taking of an American journalist and Afghan civilians.”

“Today’s sentence delivers justice for the victims and their families.”

FBI Director Kash Patel added that Najibullah will “pay the price” for his past actions, and that the “men and women of the FBI will not forget when Americans are killed or taken hostage by terrorists.”

“However incomplete, today’s sentence delivers long‑awaited accountability and a measure of justice to the families of the victims, said Assistant Attorney General for National Security John A. Eisenberg.

Najibullah caused “unimaginable harm to the victims of his crimes and their loved ones,” added US Attorney Jay Clayton for the Southern District of New York. “Today’s sentence sends a clear message that there will be dire consequences for those who aim to harm Americans and our brave military personnel through acts of terror.” 

“Our Office, and our dedicated partners in law enforcement, will continue to investigate, prosecute, and bring to justice terrorists around the world.” 

Clayton praised the FBI’s New York Joint Terrorism Task Force and thanked the New York and New Jersey Port Authority Police, the US Department of Defense, and the Counterterrorism Section of the Department of Justice’s National Security Division for their efforts and aid in the investigation. 

He also thanked the Ukrainian authorities and the International Affairs Office of the US Justice Department’s Criminal Division for their assistance in Najibullah’s arrest and transfer.

This post was originally published on here

Japan’s lower house passed a bill on Thursday that puts cryptocurrency in the same legal category as stocks and other financial instruments.

Big Catalyst For Crypto In Japan

The bill advanced after receiving approval from the House of Representatives’ Finance and Financial Affairs Committee, according to Parliament records. If the upper house, i.e., the House of Councillors, approves it, the legislation is expected to take effect next year.

Under the new proposal, cryptocurrency assets would be defined as financial instruments and fall under a regulatory regime akin to that for stocks.

“It is necessary to regulate cryptocurrency trading as a financial instrument transaction rather than as a service related to fund settlement,” the bill read. “Accordingly, it is necessary to improve the …

Full story available on Benzinga.com

This post was originally published here

The annual Tel Aviv Pride Parade will take place as planned on Friday, despite recent security concerns surrounding the war with Iran, organizers announced.

The parade, as well as assorted other pride events, will take place between approximately 11:00 a.m. and 7:00 p.m.

It is planned to begin on Shalag Street, near Gordon Beach, with the route passing along the city’s promenade before ending at Charles Clore Park.

Israel Police added that for the duration of the parade, starting at 6:30 a.m., several streets will be closed off to traffic, including:

Rokach Boulevard: westbound, starting at Ibn Gabirol street.

Hayarkon street: southbound, starting at Jabotinsky street, and northbound from Yosef Halevi street to J. L. Gordon street.

Herbert Samuel street: southbound from Shalag street to Yehezkel Kaufman street, including service roads.

Yehezkel Kaufman street: northbound from Eilat street to Yosef Halevi street.

Nahum Goldmann street: northbound from Eilat street to Yosef Halevi street, and from Yossi Carmel Square (Clock Square) to Kaufman.

Eilat street: westbound from Eliphelet street.

Eliphelet street: northbound from Derekh Shalma.

Derekh Shalma: westbound from Eliphelet street.

Mapu street: from Yeho’ash street to Hayarkon street.

Frishman street: from Dizengoff street to Herbert Samuel street.

Trumpeldor street: from Ben Yehuda street to Herbert Samuel street.

Ness Ziona street: from Ben Yehuda street to Hayarkon street.

Ge’ula street: from HaKovshim street to Herbert Samuel street.

Nechemiah street: from HaKovshim street to Herbert Samuel street.

Carmelit street: from HaKovshim street  to Hayarkon street.

Israel Police added that it is possible additional streets will be closed during the event, in order to allow it to take place safely.

It added that no parking will be allowed along the parade’s route, and recommend using public transportation.

Tel Aviv Deputy Mayor and LGBTQ Affairs Portfolio Holder Meital Lehavi announced on X/Twitter that transportation to and from the parade’s endpoint party will be available through a “Pride Shuttle” bus that will run every nine minutes.

Additionally, public transportation will run on an enhanced schedule after the event, to allow for attendees to leave the area.

Previous years’ saw cancellations, this year will feature heavy police presence

Israel Police announced that over 1,000 police officers, undercover and Border Police officers, and volunteers will be deployed throughout the event to ensure the safety and security of all participants. Special units, including the Israel Police’s air and maritime units, will also be deployed.

Police sources said security plans for the event were developed in coordination with production parties, the Tel Aviv-Yafo municipality, MDA, and others.

“The Israel Police is working to enable the event to take place in an orderly and safe manner, with the security of the participants and the crowd coming to the parade being the central mission before us,” said Tel Aviv District Commander, Chief Haim Sargaroff said in a briefing.

As part of this, police have said that the entry of two-wheeled vehicles of any kind, weapons, glass bottles, alcohol, and animals (except for guide dogs in training or on duty) to the parade and the party at Charles Clore Park will be prohobited.

Previously, the parade had been canceled in 2024 and 2025, due to the wars against Hamas and Iran, respectively. As such, this year’s iteration will be the first time the parade has been held since before the October 7 attacks.

This post was originally published on here

There are few places on earth as intimate as a tank.

Four soldiers sealed inside a steel box, breathing the same air for days, sleeping inside the hull or underneath it in the field, with no privacy, no personal space, and no door to close. Anyone who has spent time with Armored Corps crews knows that the tank is less a vehicle than a shared body.

That steel box is now the site of the most serious confrontation between the IDF and the religious Zionist world in years. Last month, the High Court of Justice ordered the army to launch a pilot program by November examining the integration of female combat soldiers into the Armored Corps.

In response, the heads of 12 hesder yeshivot – institutions that combine Torah study with military service – published a letter declaring that service in the corps under such conditions is prohibited by halacha (Jewish law) and that they will no longer send their students to tanks.

Within days, the number of yeshivot grew to 25.

The IDF answered that no option under consideration involves men and women serving in the same framework, and a senior officer described the dilemma with brutal honesty: a few female soldiers each year, weighed against dozens of hesder soldiers in every draft cohort.

“The High Court has put us in an impossible position,” he said.

Female tank soldiers helped defeat terror on Oct. 7

Before anyone fires the next letter, ultimatum, or petition, it is worth remembering a morning that everyone in this dispute has conveniently forgotten.

At 6:30 a.m. on October 7, female tank crews from the Caracal Battalion’s armored force on the Egyptian border were woken by the red alert. They raced 35 km. to the Gaza envelope, broke through the gate of Kibbutz Holit, and fought for 17 straight hours, killing some 50 terrorists at Holit and Sufa.

Their brigade commander credited them with breaking the attack and preventing it from rolling further south. They were the first all-female armored crews in modern military history to fight in battle.

Read that again: all-female crews. The most celebrated women in the history of the Armored Corps proved themselves in exactly the kind of separate framework the army’s own regulations promise religious soldiers.

October 7 should have been the morning both camps declared victory. The advocates of women in armor got their proof of competence, written in fire at the gates of Holit. The rabbis got their proof that separation and combat excellence can live in the same tank.

Instead, the war shelved the pilot, the shelving produced the lawsuit, the lawsuit produced the court order, and the court order produced the boycott. Everyone escalated past the solution that was already working.

IDF is not the army Ben-Gurion imagined

How did we get here? Because we keep talking about the IDF as if it were still Ben-Gurion’s melting pot, and it has not been one for a long time. Israel no longer has a melting-pot army. It has a coalition army.

The melting-pot army took farm boys and immigrants and pressed them into one new Israeli. The coalition army draws its combat power from distinct communities: religious Zionists, secular, Druze, traditional, Bedouin trackers, and, soon, if the state is serious, haredim (ultra-Orthodox), each of which arrives with terms, as parties do in coalition talks.

The hesder track, the pre-military academies, Netzah Yehuda, the all-female border tank companies: these are not exceptions to the system. They are the system.

And like any coalition, this army survives on negotiated frameworks and dies from diktats, whether the diktat comes from a courtroom or from a yeshiva office.

Once you see the coalition army, the behavior of both sides becomes legible, and so do their mistakes.

The High Court is ruling as if the melting pot still exists, applying the equality jurisprudence of the 1995 Alice Miller case to an army whose sociological base has been transformed since 1995.

Equality is a security value, but in a coalition army that needs 12,000 combat recruits, so are cohesion and motivation. The rabbis, meanwhile, are behaving like a coalition partner threatening to bolt before the negotiation begins.

Declaring an entire corps forbidden by halacha before the pilot’s parameters were even drafted is preemptive escalation, and it hands ammunition to everyone who claims religious soldiers are conditional citizens.

Worse, it sets a precedent: if 25 roshei yeshiva (heads of yeshivot) can veto the Armored Corps, what stops the next letter from targeting female instructors or combat medics?

Their distrust is earned; anyone who watched yeshiva students gradually squeezed out of the Artillery Corps despite assurances understands the letter’s origins. But earned distrust does not justify using against the army the very weapon they accuse the court of wielding: coercion in place of conversation.

And no coalition partner has earned a seat at this table like religious Zionism.

Channel 12’s Amit Segal has estimated that some 45% of the fallen in this war came from that community, which makes up roughly 12% of the population. Settlers, about 5% of Israelis, account for roughly 16% of the dead.

There is hardly a religious Zionist school or synagogue without a name on a memorial wall, and the men of this community have logged hundreds of days of reserve duty since October 7.

Even Uri Zaki of Meretz wrote that it is impossible to ignore the price this community has paid. These are people asking to keep serving in the corps where their sons fought and fell in Gaza and asking the army to honor a promise it made in writing.

The Joint Service Order states that in every mixed combat unit, a soldier who requests it because of his religious way of life must be able to serve in a gender-separated framework at the company level, from enlistment through reserves.

A tank is the one place where that promise either holds completely or collapses completely.

The stakes run beyond armor. The state is demanding, at this very moment, that haredim enlist in their tens of thousands. You cannot tell Bnei Brak that the IDF will respect its way of life while signaling to Elon Moreh and Yeruham that their red lines are negotiable.

Every haredi rabbi watching this dispute is learning a lesson about what the army’s guarantees are worth.

None of this turns Israel into a halachic state. Nobody is proposing to close mixed units or roll back what female combat soldiers have achieved; the women of Holit settled that argument forever.

Single-gender tank companies for women and for hesder soldiers alike would simply extend the model that already saved Israeli lives on the worst morning in our history.

The court should let the army manage its coalition. The rabbis should withdraw the ultimatum and return to the table.

And the IDF should say plainly what it half-said this week: the army of the people will make room for all the people, because all the people – in the tanks at Holit and in the freshly dug graves of Gush Etzion and the Galilee – have more than earned it.

This post was originally published on here

An Iranian reservoir for drinking water located near the Strait of Hormuz was reportedly struck by the US earlier this week following renewed strikes on the region, Iran’s semi-official news agency, Mehr News reported on Wednesday.

Mehr had cited a local official claiming that water was cut off to about 20,000 residents of nearby towns and villages due to the strikes.

Additionally, the outlet posted images of the destroyed drinking water reservoir, as well as photos of munition fragments that a CNN report claimed appeared to be from a US bomb, according to experts. 

Around the time of the strikes, the US Central Command (CENTCOM) said in a post on X/Twitter that it had conducted strikes near the strait with “precision munitions from the US Air Force and Navy fighter jets.”

The US began striking Iran on Tuesday following the downing of a US Apache helicopter. 

The photo posted by Mehr appeared to show the components of a GBU-39 series bomb, a precision-guided munition produced in the US, according to CNN, citing munitions experts Trevor Ball and N.R. Jenzen-Jones. The former is a US Army senior explosive ordnance disposal team member, and the latter is the director of Armament Research Services.

US error very unlikely, says expert

Ball added that the reservoir’s remote location makes an error very unlikely.

“The munition precisely hit this building, which is in a fairly remote area,” he told CNN. 

A commercial satellite image taken on the morning of June 9 shows structures consistent with those described by Abdul Hamid Hamzehpour, the head of the provincial water authority, according to a Wednesday New York Times report.

“Two concrete water-storage reservoirs with a combined capacity of 2,500 cubic meters in the Bamani district were struck by missiles and completely taken out of service,” Mehr quoted Hamzehpour as saying. 

It is still unclear whether the US strikes were intentionally aimed at the facilities, NYT reported, adding that if deliberate, the attack could constitute a war crime under international law. 

CENTCOM confirmed to CBS News that it is aware and looking into the reports. 

This post was originally published on here

The US military was three hours away from striking Iran when US President Donald Trump announced that a deal with Tehran had been agreed upon and canceled a planned attack, NBC reported on Thursday, citing two US officials familiar with the matter.

According to the officials, the military had received orders from Trump to attack Iran Thursday night, and that US Navy ships had already adjusted their operations and readied munitions for the strikes when they were called off.

Per the officials, the planned strikes were meant to be “very similar” to those that happened on Wednesday. 

Iran’s Kharg Island was also not on the target list, the officials added, despite Trump’s earlier threats of military action.

In fact, the two noted to NBC that the US military had for months readied plans to strike and invade Kharg Island should it ever become necessary, though the president had never approved the plans. 

The US had last struck the island in April, targeting military infrastructure, including Kharg’s air defenses. 

According to one of the officials, Trump’s early Thursday threat to strike Kharg Island didn’t align with “any of the planning or action” the US military had prepared to take on.

However, even with the threat, the officials claimed that the military had been “even more surprised by Trump’s post canceling the strikes than they were by his comments about big strikes coming tonight and taking Kharg Island.”

Two other officials shared with NBC that the cancellation of the strikes had happened after Trump had met with US Defense Secretary Pete Hegseth and US Chairman of the Joint Chiefs of Staff Gen. Dan Caine to discuss options on Iran.

Trump says agreement with Iran approved by all parties involved

Trump announced that he had canceled scheduled strikes and bombings against Iran on Thursday night, after a deal with Iran had been agreed upon.

The deal was approved “both in concept and great detail” by all involved parties, including the US, Israel, Saudi Arabia, the United Arab Emirates, Qatar, and multiple other Middle Eastern countries, Trump wrote.

The blockade will remain in place until the deal is finalized, Trump said, adding that a military operation against Iran’s Kharg Island is off the table for now.

No date was given for the signing, but Trump said it could happen this weekend in Europe, with US Vice President JD Vance set to attend.

Notably, Israeli sources told Channel 12 that Israel does not recognize reaching an agreement.

Prime Minister Benjamin Netanyahu spoke with Trump on Thursday night, as Trump confirmed in comments to the press. Reportedly, Trump’s announcement took Netanyahu by surprise, CNN reported.

However, the Prime Minister’s office said that Netanyahu expressed his appreciation for Trump’s commitment to the ceasefire agreement with Iran, which “will include the removal of enriched nuclear material, the dismantling of enrichment infrastructure, limits on missile production, and an end to Iran’s support for its terrorist proxies in the region.”

Israel is not part of the US’s memorandum of understanding with Iran.

Danya Saperstein, Amichai Stein, Yonah Jeremy Bob, Ariella Roitman, and Reuters contributed to this report.

This post was originally published on here

WASHINGTON— President Donald J. Trump signed a proclamation on Thursday, June 11, 2026, restoring commercial fishing access to nearly half a million square miles of the Pacific Ocean and opening three additional marine national monuments to U.S. commercial fleets as part of what the White House calls its America First Fishing Policy.

The proclamation reopens the Mau and Ho‘omalu Zones of the Papahānaumokuākea Marine National Monument, the Islands Unit of the Mariana Trench Marine National Monument, and the Rose Atoll Marine National Monument — vast Pacific waters that have been closed to commercial fishing since their creation.

The White House said the move is intended to increase domestic seafood production, support American jobs, strengthen food and national security, and help lower seafood prices for consumers.

Building on Earlier Fishing Actions

Thursday’s proclamation completes a broader series of actions taken by the administration to expand commercial fishing access in federally protected waters.

In April 2025, Trump signed an executive order creating the America First Seafood Strategy, along with a proclamation reopening portions of the Pacific Remote Islands Marine National Monument to U.S.-flagged vessels operating between 50 and 200 nautical miles offshore.

In February 2026, the administration reopened the Northeast Canyons and Seamounts Marine National Monument off New England.

The latest action follows a recommendation approved on March 24, 2026, by the Western Pacific Regional Fishery Management Council (Wespac), which urged reopening the remaining Pacific monuments.

American Samoa Stands to Benefit

The economic impact may be felt most strongly in American Samoa, where fishing remains the backbone of the private-sector economy.

According to administration figures, more than 80% of the territory’s private economy depends on fishing.

American Samoa is home to the nation’s only “Buy American”-compliant tuna cannery supplying U.S. military rations and school lunch programs. The facility employs approximately 5,000 workers, accounts for roughly 99.5% of the territory’s exports, and supports about 84% of private-sector employment.

American tuna purse-seine vessels and longline fleets are expected to be among the biggest beneficiaries of the newly reopened fishing grounds.

Supply Chain and Food Security

The White House argued that the benefits extend well beyond fishermen.

Commercial fishing supports jobs across harvesting, processing, transportation, shipbuilding, equipment manufacturing, distribution, sales, and marine services.

Administration officials said expanding domestic seafood production could strengthen the U.S. seafood supply chain and reduce dependence on imports, which currently account for the majority of seafood consumed in the United States.

The White House also linked the policy to household budgets, arguing that limiting domestic supply contributed to higher seafood prices for consumers.

Conservation Debate Continues

The administration maintained that many targeted species, including tuna, are highly migratory and do not remain permanently within monument boundaries.

Officials argued those fisheries are already managed under federal law, including the Magnuson-Stevens Fishery Conservation and Management Act, making broad monument-wide fishing prohibitions unnecessary.

Under that view, the administration says the closures imposed economic costs while providing limited conservation benefits.

Legal Challenges Expected

Opponents strongly disagree.

In August 2025, Judge Micah W. J. Smith of the U.S. District Court for the District of Hawaii vacated an earlier NOAA Fisheries authorization that would have allowed fishing in the Pacific Islands Heritage monument, ruling that required public procedures had not been followed.

That lawsuit was brought by Earthjustice, the Conservation Council for Hawai‘i, and the Center for Biological Diversity, which argued the administration’s actions violated protections established under the Antiquities Act.

Hawaii Governor Josh Green has publicly supported maintaining monument protections, while conservation organizations and some Native Hawaiian leaders have warned that reopening areas such as Papahānaumokuākea — one of the largest marine conservation regions in the world and an area of profound cultural significance — could cause lasting environmental damage.

Legal challenges to Thursday’s proclamation are widely expected.

What Comes Next

The administration described the proclamation as part of a broader effort to reduce regulatory barriers at NOAA, expand access to fisheries, and increase catch opportunities based on what it calls the best available science.

Commerce Secretary Howard Lutnick and NOAA Administrator Neil Jacobs have repeatedly argued that increasing access to domestic fisheries will help strengthen coastal economies and put more American-caught seafood on American tables.

The White House said the administration’s combined fisheries actions have unlocked billions of dollars in potential economic value.

For the U.S. fishing industry, Thursday’s proclamation represents one of the most significant expansions of commercial access in years.

For American Samoa’s tuna fleet, its canneries, and the thousands of jobs tied to them, it opens the door to fishing grounds that have largely been off limits for more than a decade.

The next chapter will depend on how NOAA implements the policy and whether the courts ultimately allow the expanded access to remain in place.

JBizNews Desk — Washington

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

US President Donald Trump and his allies are pushing lawmakers to pass a resolution aimed at voiding his first-term impeachments, a White House official said on Thursday, confirming a report in the Wall Street Journal.

Trump was impeached twice by the US House of Representatives during his first four years in office. The first alleged an abuse of power, and he was acquitted in early 2020. The second accused him of incitement of insurrection over the January 6, 2021, attack on the US Capitol by his supporters.

Trump escaped an ouster from power in both cases, and his anger over the impeachments helped fuel his 2024 presidential campaign in which he defeated Democrat Kamala Harris.

The Journal reported that Trump and his team want lawmakers to pass a resolution aimed at voiding the impeachments.

White House officials have strongly urged forward progress on this issue, the White House official told reporters.

Trump attempting a ‘symbolic victory’

The Journal said the resolution would allow Trump to claim a symbolic victory on a matter that has dogged him since his first term, but would have little legal significance since the Constitution provides no procedure for undoing an impeachment.

“It’s no surprise that sane individuals are recognizing these sham efforts and are interested in undoing those shameful actions,” said White House spokeswoman Abigail Jackson when asked for a comment on the story.

This post was originally published on here

Thailand‘s Princess Bajrakitiyabha Narendira Debyavati, the eldest child of Thai King Maha Vajiralongkorn, has died at 47, the royal palace said on Friday, after multiple health problems and nearly four years in a coma.

The princess was hospitalized in December 2022 after a sudden loss of consciousness caused by a heart condition while visiting the northeastern province of Nakhon Ratchasima. Bajrakitiyabha was flown by helicopter to the capital Bangkok for treatment.

She died on Thursday evening, after her condition worsened due to an intra-abdominal infection, colitis, low blood pressure, arrhythmias, and blood-clotting disorders, the palace statement said.

Bajrakitiyabha, popularly known as Princess Pa, was born on December 7, 1978, to the then Crown Prince Vajiralongkorn and his first wife, Princess Soamsawali.

In Thailand, she will be remembered for her prominent role in public life, her efforts to improve the livelihoods of female prisoners, and her diplomatic career.

Princess Pa’s many roles

She studied law at Cornell University, obtaining a Master’s degree and a Doctorate, and worked as an attorney in the Thai Office of the Attorney-General between 2006 and 2011.

From 2012 to 2014, she was Thailand’s ambassador to Austria, Slovenia, and Slovakia, before returning to the attorney-general’s office in Bangkok.

She also founded a charity promoting the rights of female inmates, particularly those who were pregnant while in jail.

In 2017, Bajrakitiyabha was appointed as the goodwill ambassador for the rule of law in Southeast Asia by the United Nations Commission on Crime Prevention and Criminal Justice.

She transferred to the army in 2021, where she was bestowed the rank of a general and served as a chief of staff in the Royal Security Command.

The princess was one of King Vajiralongkorn’s three children who have formal titles and are eligible to take the throne under the constitution.

In October last year, Thailand’s Queen Mother passed away at 93.

The palace will hold royal funeral rites, while the government is expected to declare a period of national mourning.

This post was originally published on here

The preliminary passage of Basic Law: Torah Study should be remembered as one of the ugliest moments in the Knesset’s long history of dressing political surrender in sacred language.

This is not a law about Torah. It is a law about power, money, and avoidance. It is a last-minute effort to turn a coalition crisis into a constitutional shield for draft evasion, at the very moment when soldiers and reservists are carrying an unbearable national burden.

The bill passed on Wednesday in its preliminary reading by 56 votes to 43. Likud MKs Dan Illouz and Yuli Edelstein, New Hope MK Sharren Haskel, and Religious Zionist Party MK Moshe Solomon broke ranks and voted against it. Solomon later paid a political price for refusing to lend his hand to what he called a moral injustice. His explanation was the only honest one: He could not look bereaved families in the eyes and vote for a law implying that Torah and military service need not meet.

The original version reportedly went even further, seeking to equate the status of long-term Torah learners with that of IDF soldiers. After fierce criticism, that explicit comparison was removed, according to reports.

But the remaining wording is still dangerous. It declares Torah study a fundamental value in Jewish heritage and a basic right in Israel, and says the state views those who dedicate themselves to long-term study as making a significant contribution to the state and Jewish people.

Torah belongs to all of us

There is nothing offensive about honoring Torah study. Torah is not the property of the haredi parties, their rabbis, or their political brokers. It belongs to all of us. It has shaped Jewish law, memory, culture, and moral imagination for millennia. Precisely because of that, using it as a cynical instrument to preserve a chosen and privileged life outside the draft is a desecration.

The insult is sharpened by the timing. Israel is over two-and-a-half years into a war that has drained its soldiers, exhausted its reservists, and bereaved families across the country. The IDF has repeatedly warned of a severe manpower shortage. The High Court has pushed the state to enforce the law against draft evaders and revoke benefits that cannot legally continue without a draft framework. Instead of confronting that reality, the coalition is trying to rewrite the moral equation.

Everyone outside the narrow political machinery can see what this is. The haredi parties are trying to minimize damage before elections and preserve their standing inside their own communities. Prime Minister Benjamin Netanyahu, facing the collapse of his coalition, appears ready to grant them almost anything in exchange for time. Reports of a broader package involving the election date, daycare subsidies, and other haredi demands only sharpen the picture.

Former prime minister Naftali Bennett warned the haredi public that the bill would gravely harm Israel and them, saying that without a functioning economy and army, Israelis simply will not be able to live here. Opposition leader Yair Lapid, responding after MK Moshe Gafni invoked the Warsaw Ghetto, said his father sat in the ghetto, and his grandfather died in a concentration camp because the Jewish people had no army. He called the bill what it is: not Torah, but money for evasion.

Torah bill ‘a desecration of everything holy’

Yoaz Hendel went further, calling it a desecration of everything holy here. He is right. Thousands of religious and Torah-learning Israelis serve, proving daily that devotion to Torah and responsibility for the state are not opposites. The claim that its study requires permanent exemption is not piety; it is politics.

There are arguments to be made against the state, and arguments to be made about the relationship between religion, coercion, and citizenship. But there is no legitimate moral excuse for living here while fighting the very branch that protects your life and the lives of your children.

This bill will not strengthen Torah; it will cheapen it. It will turn sacred language into a loophole, and a people’s inheritance into a sectoral bargaining chip. A government that cared about Torah would not use it to divide soldiers from students, mourners from politicians, and Jews from one another.

The Knesset should bury this bill before it becomes law and stains the Torah it pretends to honor today.

This post was originally published on here

The 2026 FIFA World Cup kicked off Thursday at Estadio Azteca in Mexico City, where co-host Mexico defeated South Africa 2-0 in front of a packed home crowd. The match opened the largest World Cup in history — a 104-game tournament spanning 16 cities across the United States, Mexico, and Canada, marking the first time three nations have jointly hosted the event. The tournament concludes with the final on July 19 in the New York-New Jersey region.

The opening day carried significance far beyond the result on the field. Mexico City Mayor Clara Brugada declared a local holiday to celebrate the kickoff, while President Claudia Sheinbaum indicated a broader national observance remained under consideration. The opening ceremony transformed the nearly 87,500-seat stadium into a global entertainment stage, featuring performances by Shakira, Burna Boy, J Balvin, and Maná.

For FIFA, the World Cup is far more than a sporting event — it is the organization’s largest economic engine.

The expanded 48-team format, up from 32 teams in previous tournaments, creates more matches, more sponsorship inventory, more ticket sales, and significantly more broadcast content. FIFA has projected record revenues for the current cycle, driven largely by the expansion.

Host cities are hoping for their own economic boost.

The tournament is expected to attract millions of visitors across North America, generating spending on hotels, restaurants, transportation, entertainment, and tourism. Cities hosting matches are positioning themselves as global destinations, using the event to showcase local infrastructure and attract future investment.

Mexico City’s holiday declaration reflects how seriously local leaders view the economic opportunity.

The opening venue itself illustrates the business side of modern sports.

Estadio Azteca recently entered a naming-rights agreement with Mexican financial institution Banorte and is officially branded Banorte Stadium. However, because Banorte is not an official FIFA sponsor, the governing body required the venue to be referred to as “Mexico City Stadium” during the tournament.

The move highlights FIFA’s strict sponsorship protections, designed to preserve exclusivity for companies that pay billions for official tournament partnerships.

Broadcasting remains another major revenue source.

In the United States, matches are being carried by Fox Sports and Telemundo, while streaming coverage is spread across multiple digital platforms. Fox-owned Tubi streamed portions of the opening festivities free in 4K, reflecting the growing importance of ad-supported streaming models for major live events.

The World Cup also fuels a vast consumer marketplace that extends far beyond television.

Official jerseys, merchandise, collectibles, licensing agreements, music partnerships, and promotional campaigns are expected to generate billions in additional spending worldwide. Global brands continue to compete aggressively for visibility during what remains the most-watched sporting event on the planet.

Not everything surrounding the tournament has been celebratory.

Rights groups and some fans have raised concerns about security planning at several venues, while dynamic ticket pricing has generated criticism after some ticket costs rose significantly above original face values. Economists also continue to debate whether the long-term financial benefits of hosting major sporting events justify the substantial public spending often required.

For now, however, the focus remains on the tournament itself.

Mexico’s opening victory gave home supporters an early reason to celebrate, while businesses across North America are preparing for weeks of increased tourism and consumer activity. As the tournament unfolds, the broader question for host cities will be how much of the spending and attention generated by the World Cup translates into lasting economic gains after the final match is played in the New York region next month.

JBizNews Desk — North America

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Punters on prediction markets are ramping up bets that Elon Musk may eventually combine Tesla Inc. (NASDAQ:TSLA) and SpaceX into one entity.

What’s Happening On Polymarket And Kalshi?

Polygon (CRYPTO: POL)-based Polymarket assigned a 38% chance that the two companies will officially merge by Dec. 31.

Over $560,000 has already been wagered on the outcome, and the market will resolve to “Yes” if Tesla is merged with or acquired by SpaceX or vice versa.

Kalshi bettors, however, anticipated only 24% chance of a combination this year, but increased the likelihood to 53% by May 2027.

data-variant=”card”
data-news-mode=”manual”

>


Read Also:

SpaceX Is Selling A Planet‑Shifting Vision — The Profits …

This post was originally published here

Cryptocurrencies rallied Thursday after President Donald Trump said he had called off planned U.S. military strikes on Iran, easing fears of a wider conflict and sending investors back into risk assets.

In a post on Truth Social, Trump said he had “canceled the scheduled strikes and bombings against Iran this evening,” adding that negotiations had reached the highest levels of Iran’s leadership and that a potential agreement could be finalized soon. Speaking from the Oval Office, Trump said a deal could potentially be signed over the weekend.

The announcement sparked a broad rally across digital assets.

Bitcoin climbed to an intraday high of approximately $63,850, while Ethereum approached $1,700. XRP and Dogecoin also posted strong gains as investors moved back into speculative assets. The total cryptocurrency market capitalization rose nearly 2%, reaching roughly $2.17 trillion.

The reaction followed a familiar market pattern. When geopolitical tensions ease, investors generally become more comfortable holding volatile assets, and cryptocurrencies often benefit disproportionately.

Trump’s comments came just one day after U.S. forces launched strikes against Iran following the loss of a U.S. Army helicopter near the Strait of Hormuz, a critical global energy corridor responsible for transporting a significant share of the world’s oil and natural gas supplies.

Although Trump signaled progress toward diplomacy, he also said the U.S. naval blockade of Iranian ports would remain in place until any agreement is formally completed, highlighting the fragile nature of the situation.

Markets remain cautious.

Iranian officials have not publicly confirmed that a final agreement has been reached, and at least one senior Iranian official reportedly stated that Tehran has not approved a framework.

Investor sentiment also remains weak despite Thursday’s rally. The Crypto Fear & Greed Index continued to register “Extreme Fear,” suggesting many traders remain skeptical about the sustainability of the move.

According to data from Coinglass, more than $260 million in crypto positions were liquidated during the previous 24 hours, with the majority consisting of short positions betting on lower prices. As those bets were forced to close, buying pressure accelerated the rally.

Meanwhile, Bitcoin open interest increased approximately 1.2%, indicating additional capital entering the market.

Another major event looming over financial markets is the highly anticipated SpaceX IPO.

The Elon Musk-led aerospace company priced what has been described as the largest stock sale in history this week, raising approximately $75 billion and preparing to begin trading Friday on the Nasdaq.

Such a massive offering could attract significant investor capital away from other speculative investments, including cryptocurrencies.

Widely followed market analyst Michaël van de Poppe warned that the timing could make conditions “tricky” for Bitcoin and other digital assets.

Van de Poppe said Bitcoin must hold a key support level near $63,200 to maintain upward momentum.

“However, if the trend stalls, we’ll probably hit the low of this correction in the weekend,” he said.

By Thursday afternoon, Bitcoin remained slightly above that threshold, but analysts said the coming days will determine whether the breakout can hold.

Additional signs of speculation emerged beneath the surface of the rally.

Research firm CryptoQuant reported rising activity in derivatives markets, particularly in Ethereum. Open interest in Ethereum futures on the Binance exchange reached a record high, reflecting increased use of leverage by traders seeking to capitalize on market volatility.

While leverage can amplify gains, it can also accelerate losses if sentiment reverses.

Thursday’s trading session highlighted how closely cryptocurrency markets have become tied to geopolitical developments and policy headlines.

A single social-media post from Trump helped move hundreds of billions of dollars across financial markets within hours. Analysts noted that just as quickly, those gains could reverse if negotiations break down.

The market now faces two competing forces.

A formal Iran agreement could remove one of the largest sources of uncertainty confronting investors and support continued buying of risk assets. At the same time, a successful SpaceX market debut could attract investor attention and capital away from cryptocurrencies.

For now, Bitcoin remains above the critical level analysts are watching, and traders will be closely monitoring both the Iran negotiations and Friday’s historic SpaceX debut to determine whether the rally has staying power.

JBizNews Desk — Markets

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Leading cryptocurrencies climbed alongside stocks on Thursday after President Donald Trump called off “scheduled” strikes on Iran amid hopes for a peace deal.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:30 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.84% $63,246.60
Ethereum (CRYPTO: ETH)
               
+1.33% $1,660.40
XRP (CRYPTO: XRP)                          +2.72% $1.13
Solana (CRYPTO: SOL)                          +3.60% $66.48
Dogecoin (CRYPTO: DOGE)              +2.12% $0.08570

Crypto Market Pops

Bitcoin jumped to an intraday high of $63,850 as buying pressure surged. Ethereum nearly broke through $1,700, while XRP and Dogecoin recorded sharp upticks.

Cryptocurrency-related stocks also rallied, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 4.16% and 5.63%, respectively. 

Over $260 million was liquidated from the market in the last 24 hours, predominantly in short positions, according to Coinglass data.

Bitcoin’s open interest rose 1.23% in the last 24 hours. Retail and whale derivatives traders with open BTC positions remained “bullish” on the apex cryptocurrency.

Despite the swift gains, “Extreme Fear” sentiment persisted in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:30 p.m. EDT)
Yooldo (ESPORTS)       +137.17%     $0.2179
Velvet (VELVET)                    +94.30%     $1.73
SKYAI (SKYAI)               +54.46%     $0.2641

The global cryptocurrency market capitalization stood at $2.17 trillion, following an increase …

Full story available on Benzinga.com

This post was originally published here

For the first time, Americans exposed to COVID-19 will have access to a prescription pill designed to help prevent the illness from developing after contact with an infected person. The approval marks a new phase in the long-term management of a virus that has largely faded from public attention but continues to cause hospitalizations and deaths across the United States.

Shionogi & Co. announced on June 1 that the U.S. Food and Drug Administration (FDA) approved Xocova (ensitrelvir) for post-exposure prevention of COVID-19 in adults and adolescents age 12 and older who have been exposed to someone infected with the virus.

According to the company, Xocova becomes the first FDA-approved oral medication specifically cleared to reduce the risk of developing COVID-19 after exposure.

The treatment is designed to be simple and fast. Patients take three tablets on the first day followed by one tablet daily for the next four days, creating a five-day regimen intended to begin shortly after exposure.

The approval is based on results from the SCORPIO-PEP clinical trial, which enrolled 2,387 participants who had been exposed to an infected household member. According to trial data, people who received Xocova experienced a 67% reduction in the risk of developing symptomatic COVID-19 compared with those who received a placebo.

The drug works by targeting a key enzyme the coronavirus needs to reproduce. By blocking the virus’s main protease, ensitrelvir interferes with viral replication before the infection becomes established.

Reported side effects in clinical trials included headache, diarrhea, and cough. The medication also carries standard warnings regarding use during pregnancy and other medical considerations that should be discussed with a healthcare provider.

While COVID no longer dominates headlines, the virus remains a significant public health concern.

According to estimates from the Centers for Disease Control and Prevention, the United States recorded between 3.8 million and 12.4 million COVID-19 cases between October 2025 and late May 2026. Those infections were associated with as many as 240,000 hospitalizations and 42,000 deaths during the period.

The approval also highlights an important shift within the pharmaceutical industry.

During the pandemic, companies such as Pfizer and Moderna generated billions of dollars from vaccines and treatments developed during the global emergency. As COVID became endemic and demand for those products declined, revenue from pandemic-era medicines fell sharply.

Shionogi is betting that a preventive treatment aimed at recently exposed individuals can fill a different market niche.

The company estimates that nearly half of people living with an infected household member ultimately contract the virus themselves, creating a potentially significant population that may seek preventive treatment following exposure.

The approval follows a lengthy regulatory process.

After earlier efforts to secure U.S. approval for ensitrelvir as a treatment for active COVID-19 infections faced challenges, the company shifted its focus toward prevention, where clinical trial results proved more successful. The FDA granted approval ahead of its scheduled June 16 decision deadline.

The medicine is already approved in Japan, where it initially received emergency authorization in 2022 before later receiving full approval.

Outside experts say the drug’s value lies in its ability to intervene early.

By slowing viral replication shortly after exposure, the treatment may reduce the likelihood that the virus gains a foothold and progresses into symptomatic illness.

For investors and the pharmaceutical industry, the approval represents a test of whether COVID prevention remains a viable commercial market years after the pandemic emergency ended.

The vaccine boom may be over, but COVID continues to circulate globally. The success of Xocova will depend on whether physicians and patients embrace post-exposure treatment as a routine part of managing the virus, or whether most people continue to rely on vaccination, natural immunity, and time.

Either way, the FDA’s decision opens an entirely new category of COVID prevention in the United States.

This article is general business and healthcare reporting and should not be considered medical advice. Individuals should consult a qualified healthcare professional regarding treatment options.

JBizNews Desk — Health Care

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Ford is ​recalling more than 548,000 vehicles over a center console defect that could cause injury to the occupants, according to the ​U.S. National Highway Traffic ​Safety Administration.

The recall affects certain 2018-2024 Ford Expedition vehicles, the federal regulator said Thursday. A total of 548,463 vehicles are affected by the recall.

The center console’s ​chrome plating may bubble ​and peel over time, potentially leading to sharp edges, the regulator said. Passengers who come ​into contact with the sharp ​edges face an increased risk of injury.

KIA RECALLS 6K VEHICLES DUE TO POSSIBLE SEAT BELT DEFECT THAT COULD RAISE INJURY RISK

“A customer may come in contact with the sharp edge of peeling chrome while driving, increasing the risk of injury,” the NHTSA report reads.

The NHTSA said the defect may have been caused by the center ​console chrome ​trim that ⁠was manufactured by a supplier using parameters that failed to meet ​Ford’s specifications.

The manufacturers listed in the regulator’s report are automotive parts suppliers Xin Point and Forvia.

According to the recall report, Ford identified a trend in the NHTSA’s Vehicle Owner Questionnaires (VOQs) in September about the bubbling and peeling of chrome trim on the center console of 2019-2020 model-year Ford Expedition vehicles.

“Five of the six reported VOQs allege customer hand injuries from contact with the sharp edge of the peeling chrome trim,” the report reads.

Ford said it is aware of one accident and 65 injuries in connection with this issue.

MORE THAN 1 MILLION JEEP VEHICLES RECALLED OVER FIRE RISK AS OWNERS WARNED NOT TO PARK INSIDE

“Customer reports of hand and finger lacerations associated with this condition include a small number of instances stating that professional medical attention was required,” the report says.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Customers affected by the recall will be able to go to a Ford dealer to have their vehicles inspected, and center consoles replaced as ⁠necessary, at no cost.

Notification letters about the safety risk are expected to be mailed out on June 29. 

Additional letters will be sent in January of next year “once the remedy is available,” according to the NHTSA.

This post was originally published here

A US judge on Thursday allowed an Iranian-born engineer to be released on bail just days before his trial on charges linked to a deadly drone attack on a US military base in Jordan carried out by Iran-backed terrorists in 2024.

US District Judge Indira Talwani in Boston had previously declined to release Mahdi Sadeghi, a dual US-Iranian citizen, from custody, citing the risk he might flee to avoid trial. He is charged with conspiracy to illegally procure technology used in a navigation system for Iran’s military drones.

Prosecutors say that the system was used in ​a drone ⁠that struck a US outpost in Jordan called Tower 22, near the Syrian border, in a January 2024 attack that killed three Army Reserve soldiers and injured 47 others.

But Talwani on Thursday said the situation had changed since Sadeghi, a former Analog Devices employee, was arrested in December 2024, pointing to the war in Iran, which began in February when the United States and Israel launched strikes.

She said the conflict made the prospect of Sadeghi and his family returning to Iran “less attractive” and that it would be difficult for him to do so.

A ‘Different political world’

“It is just a different political world,” she said.

She noted Sadeghi’s wife had made clear that she wanted their family to remain in the United States, where they reside in Natick, Massachusetts, something Sadeghi would risk losing if he fled rather than contest the charges.

She ordered him released on Friday on a secured $500,000 bond subject to strict home detention with a GPS ankle monitor. His lawyer did not respond to a request for comment.

Sadeghi has pleaded not guilty to participating in a scheme to violate US export control and ​sanctions laws by illegally procuring technology for Iranian businessman ​Mohammad Abedini’s company, which ⁠counted Iran’s Islamic Revolutionary Guard Corps (IRGC) as a client and made a navigation system used in Iran’s Shahed drones.

Sadeghi is slated to face trial on June 22 alone after Italian officials last year ⁠released Abedini, who had been awaiting extradition to the United States, following the detention by Iran of ​an Italian journalist it also released.

This post was originally published on here

Updated June 11, 2026

WASHINGTON — A pledge to “Make America Healthy Again” earned Robert F. Kennedy Jr. his job atop U.S. health agencies a year and some change ago. He’s now had the opportunity to turn his words into action, with mixed results.  

“All one needs” to prove the health secretary’s attentiveness is to “review my unprecedented list of accomplishments on a wide range of issues, all of which I drove,” Kennedy posted on X on Wednesday in response to a journalist.

Continue to STAT+ to read the full story…

This post was originally published here

Chick-fil-A has added a new entrée option to its Kids Meal lineup, introducing a Mac & Cheese Kids Meal at restaurants nationwide.

The meal is available now and includes an entrée, side item, drink and prize.

The launch marks the first time Chick-fil-A has offered macaroni and cheese as a standalone Kids Meal entrée, expanding beyond its past options of grilled or crispy chicken nuggets and chicken strips.

THE ROTISSERIE CHICKEN PURSE IS DESTINED TO BE SUMMER’S MUST-HAVE GROCERY STORE ACCESSORY

The Mac & Cheese Kids Meal features a medium-sized serving of the chain’s macaroni and cheese, which is made with a blend of Parmesan, cheddar and Romano cheeses and baked daily in restaurants.

Customers can also add bacon to the entrée for an additional charge.

Guests can choose from a variety of sides, including Waffle Potato Fries, Waffle Potato Chips, a fruit cup or applesauce.

DOCTORS REVEAL HEALTHIEST FAST-FOOD MEALS AND THE MENU ITEMS THEY SAY TO AVOID

Drink options include white or chocolate milk, Honest Kids Apple Juice, Simply Orange, bottled water or upgraded fountain and frozen beverages.

The addition reflects Chick-fil-A’s effort to broaden options for younger diners, particularly children who may prefer non-chicken menu items.

Macaroni and cheese has long been one of the chain’s most popular side dishes and is now available as the centerpiece of a Kids Meal for the first time.

COSTCO FANS ERUPT AFTER BELOVED FOOD COURT ITEM REPLACED BY HIGH-CALORIE NEWCOMER

Chick-fil-A is also rolling out a new collection of Kids Meal prizes at select locations.

The lineup includes cow-themed toys and games inspired by the company’s longstanding mascot, such as a Clip a Cow keychain, Cow Kart cardboard racer, Hasbro Cow Games and a Cow Case featuring one of six foldable games.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The new Mac & Cheese Kids Meal is available now at participating Chick-fil-A restaurants across the United States, while toy availability may vary by location.

FOX Business has reached out to Chick-fil-A for comment.

This post was originally published here

SpaceX confirmed on Thursday, June 11, that it had priced what the company described as the largest stock sale in history — approximately 555.6 million shares at $135 each, raising about $75 billion. While investors around the world rushed to participate, many investors in mainland China and Hong Kong found themselves locked out of the offering due to U.S. export-control restrictions tied to defense-related technology.

Rather than buying SpaceX directly, many investors across Asia have turned to an alternative strategy: purchasing shares of publicly traded suppliers, satellite component manufacturers, and investment funds that already hold private stakes in the company.

The company, led by Elon Musk, is expected to begin trading on the Nasdaq under the ticker SPCX on Friday at a valuation of roughly $1.75 trillion. Underwriters also hold an option to purchase an additional 83.3 million shares. The offering surpasses the previous record established by Saudi Aramco’s 2019 IPO.

Restrictions reportedly went beyond simply rejecting orders. Access to SpaceX’s website and IPO marketing materials was blocked in mainland China and Hong Kong, preventing many investors from reviewing offering documents or participating directly.

One of those investors was Hu Xiaobin, a retail trader from China’s Anhui province. Anticipating growing interest in the company, he spent months purchasing shares of Chinese-listed companies connected to SpaceX’s supply chain.

Among his holdings were Sunway Communication, which manufactures components used in Starlink ground terminals, and Western Superconducting Technologies, a producer of specialty metals used in aerospace applications.

Hu later sold both positions before the IPO, describing the trade as successful “value speculation.”

One of the biggest beneficiaries of investor enthusiasm has been Lens Technology, a Shenzhen-listed supplier known for working with Apple and Tesla. The company’s stock has surged nearly 50% this year, reaching record highs after identifying commercial space as a new growth opportunity.

Interest intensified further in May when company chairman Zhou Qunfei was photographed seated between Apple CEO Tim Cook and Elon Musk during a Beijing banquet held to welcome President Donald Trump, fueling speculation about future business opportunities involving Musk’s companies.

Taiwan has also emerged as a major focus for investors seeking indirect exposure to SpaceX.

The island produces many of the electronic components used in satellite systems. Companies including Chin-Poon Industrial, Wistron NeWeb, and Universal Microwave Technology have publicly stated that they supply SpaceX.

According to Jeffrey Chan, a director at Hong Kong-based Central Asset Management, investors are also watching Compeq, Tong Hsing Electronic, Kinpo, and Japan’s Meiko Electronics as potential beneficiaries of SpaceX’s future growth.

“For local retail investors, getting a direct piece of the IPO book is going to be incredibly tough,” Chan said, adding that he expects SpaceX to become a core holding for many global growth-oriented funds.

Investor interest has expanded beyond suppliers.

The Tema Space Innovators ETF, which owns a small pre-IPO stake in SpaceX, has gained approximately 29% since launching in March. Meanwhile, the Tradr 2x Fly Long Daily ETF, which offers leveraged exposure to space company Firefly Aerospace, has attracted significant attention from traders.

In Europe, satellite companies including Eutelsat of France, OHB of Germany, and SES of Luxembourg have all posted strong gains this year as investors seek exposure to the broader commercial-space sector.

Not everyone believes the rally is sustainable.

Nicholas Smith, Japan strategist at brokerage CLSA, said much of the recent buying appears to be driven by retail investors rather than large institutions.

“It’s a great story if you’re a trader,” Smith said. “But I doubt people would be making big bets on this.”

Others see genuine long-term opportunity.

Nick Wilcox, managing director at Man Group, believes the capital raised through the offering could translate into increased spending throughout SpaceX’s supplier network.

“There is a raft of Asian companies that will be highly benefiting from that,” Wilcox said.

Still, analysts caution that many supplier stocks have already risen sharply on expectations that may not materialize. Thinly traded aerospace and satellite suppliers can be highly volatile, and future business relationships remain uncertain.

For investors in mainland China and Hong Kong, however, the irony remains clear: the company they most want to own is the one they still cannot directly buy.

JBizNews Desk — Asia

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

The new chairman of the Federal Reserve, Kevin Warsh, is signaling that he plans to fight inflation in a fundamentally different way than many of his predecessors, a shift that could reshape interest rates, mortgages, business borrowing, and savings returns for millions of Americans. Warsh, himself a former Fed governor, laid out the case in testimony before the Senate Banking Committee on April 21, calling for a new framework to address persistent inflation and a different approach to communicating monetary policy.

The timing could hardly be more important. On Wednesday, June 10, the Bureau of Labor Statistics reported that consumer prices rose 4.2% over the past year, the fastest pace in three years. The report arrives just days before the Federal Reserve’s next policy meeting on June 16–17, where officials will decide whether interest rates should remain unchanged, move higher, or eventually begin to fall.

At the center of Warsh’s thinking is a belief that artificial intelligence may significantly alter how inflation behaves. Warsh has repeatedly argued that AI could become one of the most powerful productivity-enhancing technologies in modern history. Greater productivity allows businesses to produce more goods and services without proportionally increasing costs, potentially easing inflationary pressures while supporting economic growth.

In practical terms, Warsh believes the economy may be capable of growing faster than traditional models suggest without automatically triggering higher inflation. If productivity rises sharply because of AI adoption, businesses may be able to absorb costs more efficiently, potentially reducing the need for aggressive interest-rate increases.

That view challenges decades of Federal Reserve orthodoxy. Traditional economic models often assume that when unemployment falls too low and economic activity accelerates, inflation eventually rises. Under that framework, the Fed frequently raises rates to cool demand and prevent prices from climbing too quickly.

Warsh has suggested that relationship may be weaker than many economists assume. Rather than focusing primarily on historical relationships between growth and inflation, he has emphasized productivity, innovation, investment, and supply-side improvements as important drivers of price stability.

He has also criticized what he sees as excessive reliance on backward-looking economic data. Government reports often arrive weeks or months after underlying economic activity occurs. Warsh has argued that policymakers should pay closer attention to real-time developments in business investment, technological adoption, and productivity trends.

Beyond inflation policy, Warsh has advocated broader changes at the central bank. He has called for a more aggressive reduction of the Fed’s balance sheet, which still contains trillions of dollars in assets accumulated during years of quantitative easing. He has also suggested that the Federal Reserve should simplify how it communicates with markets and focus more narrowly on its core economic responsibilities.

Supporters argue that these changes could restore credibility to an institution that faced criticism for initially underestimating the inflation surge that followed the pandemic-era economic recovery.

The challenge for Warsh is that current economic conditions are testing his framework. While AI may eventually boost productivity, inflation today is being driven by more immediate factors, including higher energy costs, supply disruptions, and geopolitical uncertainty.

As a result, the Federal Reserve faces a difficult balancing act. Cutting rates too quickly could risk reigniting inflation, while keeping rates elevated for too long could slow economic growth and increase borrowing costs for households and businesses.

Several former Federal Reserve officials have noted that institutional realities may limit how dramatically policy changes. Dennis Lockhart, former president of the Federal Reserve Bank of Atlanta, has suggested that regardless of personal philosophy, any Fed chair ultimately must respond to incoming economic data. Loretta Mester, former president of the Federal Reserve Bank of Cleveland, has similarly emphasized the importance of building consensus among policymakers.

For consumers, the outcome matters directly. Mortgage rates, auto loans, business lending, and savings yields are all influenced by Federal Reserve policy. A more growth-oriented approach could eventually lower borrowing costs and stimulate investment. A more cautious approach could keep rates elevated in an effort to prevent inflation from becoming entrenched.

The upcoming Federal Reserve meeting may provide the first significant indication of how Warsh intends to navigate that challenge. Investors, businesses, and consumers will be watching closely to see whether the new chairman emphasizes productivity-driven optimism or maintains a more traditional focus on inflation risks.

Either way, the decisions made over the coming months will have consequences far beyond Wall Street, influencing everything from home purchases and business expansion plans to retirement savings and household budgets.

JBizNews Desk — Washington

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

WASHINGTON, June 11 — A food-safety issue that began with bulk powdered milk continues to spread through the food supply chain as additional products made with the recalled ingredient are removed from store shelves.

The original recall began on April 20, 2026, when California Dairies Inc. voluntarily recalled large quantities of powdered milk and buttermilk powder due to potential Salmonella contamination, according to the U.S. Food and Drug Administration.

Since then, the FDA has continued tracing products that used the ingredient, leading to additional recalls involving downstream manufacturers.

Millions of Pounds Recalled

The original action involved approximately 2.68 million pounds of low-heat nonfat dry milk and an additional 19,841 pounds of buttermilk powder.

Because the ingredients were sold primarily to manufacturers and distributors rather than directly to consumers, the contamination concern quickly spread throughout the food production system.

Companies that purchased the ingredients incorporated them into a variety of products or repackaged them under separate brand names.

As a result, the list of affected products continues to expand.

FDA Issues Highest Warning Level

The recall received a Class I designation, the FDA’s most serious recall classification.

A Class I recall indicates a reasonable probability that exposure to the product could cause serious health consequences or death.

Salmonella infections can produce fever, diarrhea, abdominal cramps, and severe illness.

According to the Centers for Disease Control and Prevention, Salmonella causes approximately 1.35 million infections, 26,500 hospitalizations, and 420 deaths annually in the United States.

Young children, older adults, and people with weakened immune systems face the greatest risk.

Hidden Ingredient Creates Challenges

Powdered milk appears in far more products than many consumers realize.

It is commonly used in baking mixes, snack foods, soups, sauces, chocolate products, processed foods, and numerous packaged goods.

That widespread use makes recalls involving powdered milk particularly difficult to contain.

A single contaminated ingredient can affect dozens of brands and manufacturers across the country.

What Consumers Should Do

Consumers are encouraged to review current FDA recall notices and compare affected lot numbers and product codes with items in their homes.

Products included in recall notices should be discarded or returned according to manufacturer instructions.

Because additional products may continue to be identified, food-safety experts recommend periodically checking updated FDA recall lists.

Supply Chain Lessons

The case highlights how interconnected modern food production has become.

A single supplier can provide ingredients to numerous manufacturers, distributors, and retailers nationwide.

When contamination occurs, recalls often extend far beyond the original company.

Industry experts say the incident demonstrates the importance of traceability systems that allow regulators and manufacturers to quickly identify where affected ingredients were used.

Those systems help limit public exposure and reduce the scope of food-safety incidents.

JBizNews Desk — Washington

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

SpaceX’s first employee, Tom Mueller, said the company’s record-breaking IPO will be a “life-changing” moment for employees during an exclusive interview with “The Claman Countdown” on Thursday.

SpaceX will start trading on the NASDAQ on Friday in the largest IPO in history. The IPO is expected to be priced at $135 per share and aims to raise $75 billion, valuing the company at $1.77 trillion.

“Elon always said that ‘Your salary is one thing, but it’s the equity that’s gonna be worth something.’ And we are all like, ‘Yeah, okay someday,” Mueller said.That day is here. It’s great.”

WHY IT’S INEVITABLE THAT ELON MUSK WILL BE A TRILLIONAIRE

SpaceX will trade under the ticker symbol SPCX, and its employees could become millionaires based on their access to stock options.

The IPO will create more than 4,000 new millionaires among current and former employees of the 24-year-old space giant, according to estimations.

“We’re having a little party tomorrow morning at 6 a.m. We’re going to ring our own bell and celebrate with a bunch of early SpaceX employees,” Mueller told FOX Business.

SpaceX’s founder, Elon Musk, could possibly become the world’s first trillionaire following the historic market debut.

SPACEX TO SEND STARSHIP TO MARS NEXT YEAR, ELON MUSK CONFIRMS

His estimated net worth could rise 26%, from roughly $793 billion to $1 trillion, based on the market value of the assets he owns, including SpaceX and Tesla.

Mueller, who was hired as SpaceX’s first employee in 2002, led projects including the Merlin Engine that powers Falcon 9, the Raptor Engine that powers Starship and other key propulsion systems.

He said joining SpaceX from a large, bureaucratic space corporation was “refreshing” and gave him more freedom to innovate, describing Musk’s company culture as energizing.

“I had just come from TRW, a big space corporation, and getting away from the bureaucracy and able to move fast and really be energized and do the type of product development that we wanted to do… It was really refreshing and fun, actually, even though it was hard. It was actually really satisfying,” Mueller said.

FIRST PRIVATE SPACEX POLAR MISSION SPLASHES DOWN NEAR CALIFORNIA

Mueller explained how a pivotal moment in 2008 helped pull the company, which generated $18.7 billion in revenue in 2025, back from the brink of bankruptcy.

“2008 was actually the year that we finally made orbit, the fourth flight of Falcon 1 made orbit that year, and it was also when we were just about out of money and that flight saved us,” he told “The Claman Countdown.”

“Then we really got regimented and started flying Falcon 9, the rocket that’s currently flying. And it’s been the most reliable rocket in history. So, it really all came together. And now look where we’re at now. We’re a trillion-dollar company.”

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Major investors and corporations are eagerly awaiting SpaceX’s market debut, with BlackRock placing an order for at least $5 billion in shares, according to The Wall Street Journal.

IPO investors can make trades as soon as the SpaceX stock goes live on Friday. 

This post was originally published here

NEW YORK, June 11 — Gold prices continued their sharp decline on Thursday, June 11, falling to their lowest levels in roughly six to seven months despite rising inflation and escalating conflict in the Middle East.

Spot gold traded near $4,100 per ounce, down more than 10% over the past month, even as investors confront war concerns, higher energy costs, and renewed inflation pressures.

Ordinarily, those conditions would support demand for gold as a traditional safe-haven asset.

Instead, investors are increasingly focused on the prospect of higher interest rates.

Higher Rates Weigh on Gold

The conflict with Iran and disruptions around the Strait of Hormuz have pushed oil and gasoline prices sharply higher, fueling inflation concerns.

At the same time, investors increasingly believe the Federal Reserve may keep rates elevated for longer—or potentially raise them further—to contain rising prices.

That expectation has strengthened the U.S. dollar and boosted Treasury yields.

The U.S. Dollar Index climbed to its strongest level since April, while the yield on the benchmark 10-year Treasury note moved above 4.50%.

Because gold pays no interest, it often struggles when bonds and cash offer higher returns.

As interest-bearing investments become more attractive, some investors shift money away from precious metals.

Silver has faced similar pressure, falling sharply alongside gold.

Central Banks Continue Buying

The decline comes despite continued demand from global central banks.

Central banks purchased approximately 244 metric tons of gold during the first quarter of 2026, continuing a multi-year trend of diversification away from the U.S. dollar.

Demand for physical gold bars also increased earlier in the year, although jewelry demand weakened in major markets including India and China.

Those purchases have helped support prices but have not been enough to reverse the broader selloff.

Long-Term Bullish Factors Remain

Supporters of gold point to several longer-term trends.

U.S. federal debt now exceeds $37 trillion, while annual interest payments have surpassed $1 trillion.

Meanwhile, central banks have remained net buyers of gold for four consecutive years.

Historically, those conditions have supported long-term demand for precious metals.

The challenge for gold today is the behavior of so-called real yields—the return investors receive after accounting for inflation.

When interest rates rise faster than inflation expectations, gold becomes less attractive relative to bonds and cash.

Global Central Banks Tighten

Adding to pressure on precious metals, the European Central Bank raised its benchmark interest rate by 0.25 percentage points on Thursday, bringing the rate to 2.25%.

The ECB also increased its inflation forecasts, citing higher energy costs and economic uncertainty linked to the Middle East conflict.

Higher interest rates globally create additional headwinds for gold markets.

Federal Reserve Now Holds the Key

Attention now turns to the Federal Reserve’s upcoming June meeting.

Investors are closely watching for guidance from Chair Kevin Warsh and updated projections showing where policymakers believe rates are headed.

Markets largely expect rates to remain unchanged this month.

The larger question is whether officials signal further tightening later this year.

A more aggressive outlook could pressure gold further, while indications that rates may stabilize could support a rebound.

For many investors, the recent decline serves as a reminder that gold is not always a straightforward inflation hedge.

In the short term, interest-rate expectations often matter more than inflation itself.

JBizNews Desk — New York

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

When the US squad suits up Friday night to face off against Paraguay in its opening contest in the 2026 World Cup, one Jewish player will be in the mix.

Goalkeeper Matt Turner is not only the lone Jew on the US team but he could well be the only Jewish player in the entire tournament, which is being jointly hosted by the United States, Mexico and Canada starting on Thursday. It’s the first edition of the tournament to be hosted by three countries, and the first to feature 48 teams.

Israel did not qualify for the World Cup and hasn’t since 1970 — due, in part, to geopolitics that pushed its soccer federation to compete in the talented European body, not in Asia.

Jewish players DeAndre Yedlin and Daniel Edelman, who both play in the MLS and have previously played for the national team, are not on the roster this summer. Yedlin played with Turner in the ‘22 tournament in Qatar, where Turner, 31, was a star.

Turner, a New Jersey native, discovered his Jewish heritage by finding his paternal great-grandmother’s emigration papers that had allowed her to flee Lithuania during the Holocaust.

“Once I found the documents, I was certainly very, very excited,” Turner told the Jewish Telegraphic Agency in 2023. “America, in general, it’s a melting pot, and everybody has those roots elsewhere. So to understand your story, your history, a little bit is really nice.”

The revelation allowed him to obtain a Lithuanian passport, which made it easier for the goalie to pursue soccer opportunities in Europe. It also changed his relationship to his Jewish identity.

Turner says he feels ‘more connected’ to his Jewish background

“The more my father and I dug, the more we learned, the more connected I felt to my Jewish side, the Jewish culture of my family,” Turner said at the time. “It really changed a lot of me.”

Turner, who now plays for the New England Revolution in MLS, started all four matches in 2022 for an American club that advanced to the Round of 16. He was the first American goalie with back-to-back shutouts in a World Cup since 1930.

Turner has 53 career appearances with the US national team, with a 29-16-8 overall record, including 27 matches in which the opposing team did not score at all. He has also played in the Premier League and was the 2021 MLS Goalkeeper of the Year.

This time around, he is seen as less likely to start, following the ascent of a teammate to the top goalie slot. Still, he says he is moved to be part of the national team once more.

“I’ll probably cry when the national anthem goes,” he told FOX Sports. “It’s just such a huge honor — overwhelming honor — to be granted that responsibility to be on this team to do our best in those roles and ultimately, change soccer here forever.”

Although there are few Jews on the field during the 39-day tournament that ends July 19, one familiar Jewish face — or more accurately, voice — will return this year. Legendary Argentine broadcaster Andres Cantor, whose famous “Goooooooal” calls have helped popularize the sport in the United States, will be calling his 12th consecutive World Cup.

Cantor was born in Buenos Aires to a Romania-born mother and a father whose family fled the Nazis in Poland. He moved to the United States as a teenager and has publicly embraced his Jewish identity.

This post was originally published on here

United Torah Judaism chairman MK Yitzhak Goldknopf sent Prime Minister Benjamin Netanyahu a letter on Thursday protesting what he described as the exclusion of ultra-Orthodox communities and local authorities in the West Bank from a new government plan related to settlement development in the area.

The letter, sent urgently after appeals reached his office from the mayors of Beitar Illit, Modi’in Illit, and Emmanuel, concerns item B on the government’s agenda, under which a proposal is expected to come up to establish “temporary sites in rural communities in the West Bank.” According to Goldknopf, the ultra-Orthodox local authorities are not included in the proposed framework.

“On the eve of the government meeting scheduled for tomorrow in the city of Nof HaGalil, I find it necessary to turn to you urgently and in deep pain, on behalf of 200,000 ultra-Orthodox residents of Judea and Samaria,” Goldknopf wrote to Netanyahu. “Once again, we are faced with an outrageous reality that cannot be explained: the ultra-Orthodox public in Judea and Samaria is once again being sidelined, excluded, and completely pushed out of this plan.”

Goldknopf pointed out that, of roughly half a million residents of Judea and Samaria, close to 200,000 are ultra-Orthodox, and that Modi’in Illit and Beitar Illit are among the largest urban centers in the area. In his view, a public of that size cannot be excluded from government programs addressing development in Judea and Samaria.

According to him, the heads of the ultra-Orthodox local authorities approached him “with a bleeding heart,” and he passed their claims directly to the Prime Minister. “Why is it always them [ultra-Orthodox] who are left behind?” he wrote.

“How is it possible that the budgets, development, and benefits that reach the other communities never reach the ultra-Orthodox population centers in Judea and Samaria? Is the blood of the residents of Beitar Illit, Modi’in Illit, and Emmanuel less red? Are half the residents in the area invisible in the eyes of the government?” Goldknopf added.

He also explained that among the ultra-Orthodox public in Judea and Samaria, there is growing concern that this “exclusion is not accidental and is intended to prevent support and benefits from a certain public.”

Goldknopf says ultra-Orthodox movement ‘can’t accept such discrimination’

“We cannot accept such discrimination,” he wrote. “The ultra-Orthodox public is part of the settlement in the Holy Land and a full partner in strengthening, developing, and flourishing the settlement, despite conditions of overcrowding and terrible housing distress.”

He said the residents of the ultra-Orthodox cities in Judea and Samaria “are entitled to every benefit and assistance as a matter of right and not as a favor.” At the end of the letter, Goldknopf appealed to Netanyahu “as the Prime Minister of all the citizens of Israel,” and asked him to reconsider the item before it is approved at the government meeting, and to ensure that any plan, benefit, or establishment of centers in the area applies “in a full and equal manner also to the ultra-Orthodox authorities and residents.”

Goldknopf’s appeal underscores UTJ’s demand of Netanyahu, ahead of a government meeting intended to emphasize the government’s commitment to settlement in Judea and Samaria, to include the area’s ultra-Orthodox cities and communities in development plans and in the distribution of resources, and not leave them off the map of budgets and benefits.

In Goldknopf’s office, people have in recent days been speaking of growing frustration in the ultra-Orthodox leadership over what is seen there as continued disregard for the needs of the ultra-Orthodox authorities in Judea and Samaria, at a time when the government is advancing broad plans to strengthen settlement in the area.

This post was originally published on here

Beni Sabti, an Iranian researcher at the Institute for National Security Studies (INSS), implied that Israel is a US proxy, just as Hezbollah is an Iranian proxy, and criticized the American strategy amid the exchange of blows between the United States and Iran during an interview for 103FM.

Sabti addressed the attack on military infrastructure carried out by the Americans on the orders of US President Donald Trump, against the backdrop of the exchanges between the United States and Iran, and argued that Trump’s current strategy is fundamentally mistaken.

“President Trump is playing into their hands because he is creating South Lebanon or Vietnam,” Sabti said. “Continuing the war at this level plays into the hands of the Iranian regime. It gives them an excuse to remain in a state of emergency, not to take care of the public’s needs, to waste resources, and to transfer money to Hezbollah. We are entering some kind of Iranian quagmire.”

Sabti also said that the effect of heavy economic pressure and damage to infrastructure on Iranian civilians is low and doesn’t push the Iranian people to rise up against the regime. “We’ve seen this movie in Gaza. Did it matter to Yahya Sinwar or Mohammed Deif that we were bombing and destroying the buildings? Do we want to take a risk and wait a year until the public goes out into the streets?

Eliminate Iran’s leadership with one swift move

“The only solution for the Iranian regime is to eliminate the senior officials and produce a result in a short period of time,” he pointed out.

To illustrate his point, Sabti detailed the decision-making structure in Tehran: “Mojtaba Khamenei is one link, and he is the weak link. If you uproot and destroy the 15 people around him, you solve the problem. These are the operatives and the thinkers who make the decisions in Iran today.”

“Mojtaba sits in a tunnel and does not even know whether his orders are being carried out. When you neutralize the people who actually make the decisions, like Mohammad Bagher Ghalibaf and Ahmad Vahidi, you achieve a decision.”

Fighting in Lebanon restricted by the US

The discussion later turned to the fighting in Lebanon and the American restrictions on strikes in Beirut.

While the IDF has made gains against Hezbollah and inflicted severe damage to the organization, Sabti made clear that it must cut off the head of the snake.

“I kiss the hands and feet of the soldiers who are doing an amazing job,” Sabti said.

“But as long as you do not strike the head of the enemy, you are really giving it life. This effect of being in a war is good for them. Instead of going to the source, we are killing the mosquitoes one by one.”

This post was originally published on here

High drama today as President Trump called off the Iranian bombing and announced that a deal with Iran is imminent from his Truth Social posting that “Discussions and final points have been, in both concept and great detail, approved by all parties involved.” That’s America, Israel, Iran and all of the Gulf states involved in the war.

The president spoke about this today at the White House: “The Strait will officially open as soon as we sign, which could be soon. Very soon, maybe over the weekend in Europe.”

Stock markets soared; oil prices fell. Mr. Trump also noted on his Truth Social that “the Naval Blockade will remain in full force and effect until this Transaction is finalized.” 

And my great hope is that no money is given to Iran for a long time, until they prove that their behavior is changing. And frankly, while I applaud President Trump’s diplomatic endeavors — such as negotiating with bombs — I have nothing but skepticism about Iran following through on their promises.

Just yesterday, the United Nation’s nuclear watchdog blasted Iran for failing to allow inspection and verification of their weapons and their weapons-grade uranium. That’s an old story. 

And Mr. Trump, in whatever the deal turns out to be, is surely going to want complete denuclearization, some kind of end to their enriched uranium, as well as reopening the strait toll free and an end to Iran’s state sponsorship of terrorism in Israel and throughout the Middle East.

As President Reagan always said, trust but verify. And as both Reagan and Mr. Trump believe, peace through strength.

Meanwhile, one of the really neat developing stories, regardless of any Iranian deal, is Mr. Trump’s secret supply of oil tankers going through presumably the Oman Channel of the Hormuz Strait.

As Mr. Trump said yesterday and has corroborated by a number of oil watchdogs, some 200 ships transited the strait for a total of about 100 million barrels of oil over the past month. 

That comes to about 3 million barrels per day. Recall that world oil supply and demand intersect at about 100 million barrels per day.

And the prior closing of the Strait took about 20 percent, or about 20 million barrels per day, off the market. So the supply shortages drove oil prices way up.

Yet this story is surreptitiously changing. Mr. Trump riffed about it earlier today: “Over the last month, we’ve been, taking our ships, big ships, quietly at night. You guys didn’t know that? Pretty cool. Right? As a captain, he knows about more about ships than I do. But it’s pretty cool. He turned off the lights.” 

Mr. Trump added: “We bombed their radar and everything so they couldn’t see what was going on. And we took out, some nights, 25 ships, some nights, 15 days. Last 4 or 5 nights we did 25, 22, 21, 26, 18 and 14. Who else would remember those numbers? Nobody.” It’s “a lot of ships,” he concluded.

It’s a great story. Now administration sources tell me about a dozen ships per night are being moved through the strait. I’m doing some arithmetic now — that’s 360 a month. 

Using the same ratio of the first month’s secret passage, that will get us about 180 million additional barrels of oil which would come to roughly 6 million barrels a day. That’s big stuff. Remember we’re 20 million barrels short because of the closing of the Strait.

Now last month’s 3 million barrel, perhaps this month’s 6 million barrels, that’s 9 million additional barrels per day to reduce the 20 million barrel shortfall.

These extra oil supplies are bringing oil prices down in the market place and will continue on a steady basis if it keeps up. Gasoline prices will be following in tow.

It’s a silver lining for the temporary inflation bulge. And it’s gonna make stocks strong and over time, interest rates softer.

Mr. Trump’s secret sauce. Think of it.

This post was originally published here

Strike founder Jack Mallers said at BTC Prague that Bitcoin (CRYPTO: BTC) trading below $63,000 is not a sentiment problem but the only honest signal in a global financial system that has run out of liquidity.

Bitcoin Is Telling The Truth That Equity Markets Cannot

Mallers pointed to a striking contradiction. University of Michigan consumer sentiment sits at its lowest level ever recorded, below 2008, below 2000, below the 1980s, while the S&P 500 (NYSE:SPY) trades near all-time highs. 

He argued central intervention has broken equity as a reliable signal, leaving Bitcoin as the only unmanipulated read on actual financial conditions.

“Bitcoin is the closest thing we have to the monetary reflection of truth,” Mallers said. “Active 24/7 traded indicator of how the world is doing.”

His explanation for …

Full story available on Benzinga.com

This post was originally published here

Stylecraft Builders, a second-generation-led Texas homebuilder more than four decades in the making, is not letting homebuilding’s underwhelming 2026 Spring Selling Season go to waste. 

Nor, in spite of hesitant homebuyer demand plaguing many of Texas’ submarkets, has Stylecraft’s momentum slowed.

The homebuilder, which predominantly targets entry-level and move-up buyers outside of the major metro areas in the Lone Star State, ranked as the 19th fastest-growing homebuilder in HousingWire’s inaugural Homebuilder Rankings, growing sales volume 17.0% from 2024 to 2025. 

According to the rankings, the builder sold 973 homes for a combined $310 million in 2025, ranking it as the 38th-largest homebuilder by sales volume. This growth has carried into 2026, with the company expected to sell 1,100 to 1,200 homes this year, Stylecraft Builders CEO Doug French told HousingWire’s TBD

That growth reflects a model built over decades. The company, operating through a down cycle, has found recent success by balancing margin discipline with growth, carefully expanding into select markets, finding the right product niche and driving operational improvements such as substantially improved cycle times. 

Maturing into a homebuilder with 1,000 annual sales was a gradual journey that started with just one sale. 

Family history and growth

Stylecraft Builders was founded by Doug’s father, Randy French, in the early 1980s, initially focusing on custom homes. Growth in the early years was glacial – one home in the first year, two in the second, four in the third, and so forth. 

Despite launching during a challenging period marked by Texas’s oil downturn, the savings-and-loan crisis, and mortgage rates in the low-to-mid teens, the business steadily expanded over time.

“That wasn’t a great time to become a homebuilder. So the way that he says it is, it really forced you to be very, very disciplined, and you couldn’t have much fat, because if you did, you just weren’t going to make it,” French said. 

Starting in the Bryan-College Station market northeast of Austin, Randy noticed local builders often lacked sophistication in design and marketing, creating an opportunity to differentiate through better home designs and stronger sales and branding.

By the late 1980s and early 1990s, Stylecraft Builders identified an underserved market for entry-level production housing. While production builders were common in larger Texas metros, they were largely absent in Bryan-College Station at the time. 

Capitalizing on that gap, the company expanded into affordable, production-style homebuilding, which fueled more progressive growth. For a time, Stylecraft Builders operated in both custom and production homebuilding, but eventually they realized that the production side generated most of the profits with far fewer headaches, prompting a shift away from the custom end of the market. 

Doug joined the company in 2009, initially as Vice President before assuming the role of CEO in 2015. When he first started working with Stylecraft Builders, the company was delivering about 150 to 200 homes annually. Since then, there’s been steady growth and geographic expansion, with the company nearing 1,000 homes sold last year. 

Since 2020, Stylecraft Builders has expanded into the build-to-rent market, though BTR still accounts for less than 10% of its total home deliveries. While French loves the BTR business, he says that many other builders over the past several years have begun building rental homes, increasing competition. 

“Everybody’s kind of caught on to it. I wish it still were that hidden gem that it had been for so long, that no one else was really talking about,” he said. 

A dual-track approach 

As Stylecraft has expanded geographically, one of the biggest lessons that French learned has been balancing margins with volume. The company has historically been margin-focused and remains so, but French reports that some pockets of Texas are much weaker or stronger than others.

Therefore, each submarket and each community make up a patchwork that requires a tailored approach that maintains a solid sales pace, even if gross margins compress. 

In certain overbuilt markets where demand has been weaker of late, this strategy means giving up some margin until sunnier skies return. In others, where conditions are stronger, this may mean holding the line on margins. 

“There are pockets of strength and pockets of weakness. If you’re in those pockets of strength, you’re fine. And fortunately for us, we have more pockets of strength than pockets of weakness right now. In the places that are strong, we’re continuing to be margin-focused. In the places that are a little weaker, we’re not margin-focused right now, and we just know those markets are going to come back. We’re a believer in Texas overall,” French said. 

French emphasized the importance of generating sales in any market environment. He views that as a critical asset, arguing that builders who fail to adjust pricing and incentives during downturns risk leaving unsold inventory on the market for too long. 

Maintaining this flexibility has been key to Stylecraft Builders’ growth over the last several quarters. 

“We’re now at a size and scope and scale to where, if we want to go play at this level, we’ve also got to learn some new skills. And that skill is, how do you move houses, regardless of how good the market is or how bad the market is,” French explained.  

Geographic diversity and selective expansion

Geographic diversification has also helped fuel the company’s expansion. Many Texas markets remain strong, while others remain overbuilt in the wake of the post-COVID-era building boom. Stylecraft Builders has deliberately avoided these most overbuilt areas. 

French pointed to Stylecraft’s decision to exit the Houston metro two to three years ago as a key example of the company’s disciplined approach, noting that many of the deals in peripheral suburbs outside of the Houston area that his team previously evaluated and passed on are now struggling. While the peripheral suburbs still show strong growth, so many public builders have entered the market that it is hard to compete. 

For now, the company’s growth strategy centers on expanding into underserved markets with strong long-term fundamentals, rather than into markets with excessive competition, particularly from large numbers of public builders. 

“There are so many markets that are underserved. Why go to one that’s overrun?” French said. “We’re not scared of publics. We build with Lennar and Dr. Horton all the time, but what I don’t like doing is being one of 20. We’ve always kind of had almost a little bit of a counterintuitive approach.”

Finding the right product niche

Stylecraft builds a mix of attached and detached homes, mainly between the low $200s and the high $400s. The company has long focused on design differentiation, with distinct color palettes, more distinctive exterior and interior design elements, and an overall style that feels less standardized than what you typically see in production homebuilding.

As entry-level buyers continue to feel the affordability squeeze, French shared that Stylecraft’s entry-level townhome product is performing quite well and that first-time buyers, at the right price, are willing to make some trade-offs for affordability.

Two-bedroom townhomes in select Stylecraft Communities start at about $200,000. This is a popular product, but the company’s ability to deliver an entry-level townhome at this price primarily hinges on disciplined cost design. 

To lower the price, they concentrate on building quality into high-impact areas like kitchens and finishes, while shrinking overall space and removing some less essential features. 

Buyers at the entry-level price point are generally willing to make trade-offs in size and extra features as long as the home is affordable and still feels well finished in the key living areas. Common trade-offs include smaller square footage, fewer bathrooms, no garages and smaller lot sizes, as well as a simplified layout with more compact rooms. 

However, buyers are much less willing to compromise on higher-impact areas of the home, like kitchens. The core finishes still need to feel modern and high-quality, even if the spaces are more compact. 

The goal of this balanced approach is to deliver a home with strong perceived value from both an affordability and a features standpoint. This strategy has worked well for Stylecraft, French said, and plays into some of the growth the company has experienced despite operating in a down cycle. 

The key is finding the right combination of cost-cutting measures that deliver an affordably priced home that buyers still want.

“You’ve got to get your price point down far enough. If we have a townhome selling right across the street from a single-family home, we have to be $40,000 or $50,000 below that. We know that in order to move that product, you’ve got to be able to accomplish that, and if you can’t accomplish that, it’s just not going to work,” French explained. 

Slashing cycle times

French said that one major operational improvement has been a reduction in cycle times. Since the beginning of 2026, Stylecraft Builders has reduced average cycle times by about 32 days year to date, a strong improvement that has enabled further growth. 

This improvement, however, isn’t the result of a single silver bullet or some fancy new technology. Instead, it’s the culmination of a broader, more disciplined approach. 

A major shift for Stylecraft came with the hire of a new vice president of construction, who raised the bar on execution. The new VP, Jordan York, brought a higher level of discipline, detail and accountability, while also providing the support needed to actually meet those expectations. 

This key hire, French explained, mattered immensely and improved the baseline of performance across the organization.

“When you have somebody who really believes you can get something done and is going to hold you accountable to that, and is also going to give you the support needed, you start believing in yourself. And once you start believing it yourself, you really start running,” French said. 

Many of the changes involved improved collaboration with the trades. Stylecraft began to take a closer look at scheduling, ensuring that trades aren’t overbooked, that they consistently stay on schedule, and that steps are taken to intervene when work starts to slip. 

When a trade is stretched too thin, French explained, Stylecraft works to address it. But he also noted the importance of moving on and having tough conversations with crews that aren’t performing to an adequate level. As part of this, the company became more intentional about working closely with back-office teams and analyzing where trades were helping or hurting cycle times, which informed which partners were best. 

“What I do want to say is, it’s not as simple as, if we have better trades, then we will build on time. That’s not a sentence I ever want anybody saying in our company. It always starts with us, and even if it is the trade, well, we’re the ones that hire them. At the end of the day, it all comes back to us, and we have to ultimately take that responsibility,” French said. 

This post was originally published on here

WASHINGTON, June 11 — Wholesale prices in the United States rose far faster than expected in May, the Bureau of Labor Statistics reported on Thursday, June 11, adding to evidence that inflation is heating up as higher energy costs ripple through the economy.

The Producer Price Index (PPI), which measures prices received by producers before those costs reach consumers, climbed 1.1% in May, pushing the annual rate to 6.5%, the highest reading since November 2022.

The increase came in well above economists’ forecasts. Analysts surveyed by Dow Jones had expected a 0.7% monthly increase, while FactSet economists projected 0.6% and a 6.4% annual rate. Instead, wholesale inflation matched April’s elevated pace, signaling that price pressures remain stubbornly strong.

Energy Drives the Increase

Most of the increase came from goods prices.

Final-demand goods prices jumped 2.8% during the month, the largest increase since the current data series began in December 2009. According to the Bureau of Labor Statistics, goods accounted for nearly four-fifths of the overall monthly increase.

Energy prices were the primary driver.

Wholesale energy prices surged 10.7%, while wholesale gasoline prices jumped 23.4% in May.

The increase followed ongoing disruptions in global energy markets tied to the conflict with Iran and reduced shipping flows through the Strait of Hormuz, a key artery for global oil transportation.

Inflation Remains Broad-Based

Even after removing volatile food and energy prices, inflation remained elevated.

Core producer prices rose 0.4% during the month.

A broader measure excluding food, energy, and trade services climbed 0.8%, marking the largest monthly increase since March 2022. On a year-over-year basis, that measure increased 5.1%, the highest level since October 2022.

Among services, portfolio management fees increased 4.8%.

Food prices rose 0.6%, more than double April’s pace, although some categories declined, including pork prices, which fell 10.1%.

Pressure Building Earlier in the Supply Chain

Further upstream, inflation pressures were even stronger.

Prices for unprocessed goods used in early-stage production increased 4.9% during May and were up 22.2% from a year earlier — the largest annual increase since September 2022.

Much of that increase was driven by an 11.8% jump in crude petroleum prices.

One notable exception was natural gas, where prices fell 18.2% during the month.

Why It Matters to Consumers

The report arrives one day after the Bureau of Labor Statistics reported that consumer inflation reached 4.2% annually in May, the highest level in three years.

Producer prices often serve as an early warning sign because businesses frequently pass higher costs through to consumers.

When fuel, transportation, manufacturing inputs, and raw materials become more expensive, those increases often show up weeks or months later in grocery stores, retail shelves, utility bills, and household budgets.

Small businesses may face particularly difficult choices as margins tighten, forcing owners to absorb higher costs or pass them on to customers.

Federal Reserve Faces Growing Pressure

The report also complicates the outlook for the Federal Reserve.

At the start of the year, financial markets expected multiple interest-rate cuts. Persistent inflation has dramatically altered those expectations.

The Federal Reserve’s next meeting is scheduled for June 16–17 and will be the first chaired by Kevin Warsh. Policymakers are expected to release updated economic projections and interest-rate forecasts.

While markets see little chance of an immediate rate move, futures traders increasingly expect the possibility of another rate increase before year-end.

Higher interest rates would raise borrowing costs for consumers and businesses while inflation remains elevated, creating additional pressure on household budgets and economic growth.

The next Producer Price Index report is scheduled for July 15.

JBizNews Desk — Washington

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

XRP (CRYPTO: XRP) has printed a TD Sequential buy signal on the 3-day chart, but analyst Ali Charts warns the signal is likely short-lived as whales have offloaded roughly 60 million XRP over the past week.

The Buy Signal Is Real But Whales Are Not Buying It

The TD Sequential indicator on the 3-day chart historically anticipates a one to four candlestick rebound, offering short-term relief from compression rather than a trend reversal.

The problem is that on-chain data contradicts the bullish read. Overall large-scale whale activity on the XRP network dropped 57.3%, and the few large entities still active are actively distributing rather than accumulating.

“Instead of absorbing circulating supply to support a bullish breakout, active whales have offloaded roughly 60 million XRP over the past week,” Ali …

Full story available on Benzinga.com

This post was originally published here

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.52% from last week’s reading of 6.48%.

The average rate on a 30-year loan was 6.84% a year ago.

MORTGAGE RATES JUMP AS INFLATION FEARS, IRAN WAR WEIGH

“The 30-year fixed-rate mortgage averaged 6.52% this week,” Sam Khater, chief economist at Freddie Mac, said in a statement. 

“Stronger employment momentum has helped existing home sales reach a five-month high. Importantly, we’re seeing homebuyers look past the short-term rate fluctuations and actively enter the market, signaling renewed confidence in homeownership opportunities.”

FORECLOSURES HIT HIGHEST LEVEL IN 6 YEARS AS INSURANCE, PROPERTY TAX COSTS SQUEEZE HOMEOWNERS

The average rate on a 15-year fixed mortgage rose to 5.84% from last week’s reading of 5.79%.

The U.S. added 172,000 jobs in May, beating forecasts, while unemployment held steady at 4.3%. The strong report may lower hopes for near-term interest rate cuts, according to Realtor.com economist Jiyai Xu.

TRUMP ADMINISTRATION MAKES FANNIE, FREDDIE CHANGE IT SAYS WILL BENEFIT ‘TENS OF MILLIONS’ OF AMERICANS

The Labor Department also reported that the Consumer Price Index rose 4.2% year over year in May, the highest since April 2023. 

Core inflation, excluding food and energy, rose 2.9%, according to Realtor.com.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“What began as a question of when the Fed would cut rates has quietly shifted,” Xu said in a statement. “Ongoing global tensions and rising energy prices have prompted some to wonder whether a rate increase may be back on the table.”

This post was originally published here

Buffini & Company has added three senior executives — Steve Pacinelli as chief revenue officer, JB Bolton as chief operating officer and Ethan Beute as chief ambassador — as the coaching firm looks to scale its relationship-driven business model in an AI-focused market, the company announced earlier this month.

The appointments follow the April promotion of former BombBomb co-founder Darin Dawson to CEO and mark the latest step in a broader leadership overhaul at the North America-based real estate coaching and training company.

Buffini & Company, founded by Brian Buffini and known for its “Work by Referral” system, said the expanded executive team will focus on making it easier for real estate agents and brokerage leaders to run referral-based businesses while integrating modern technology, including AI tools.

Who is joining Buffini & Company

In his role as chief revenue officer, Pacinelli will oversee how customers discover, test and expand their use of Buffini programs, from podcasts and training to paid coaching. The company said he will be responsible for aligning client-facing sales and marketing around measurable outcomes for agents and brokers.

Pacinelli previously held leadership roles at BombBomb, Follow Up Boss and Zillow.

As chief operating officer, Bolton will be charged with integrating people, processes, technology and coaching delivery to improve performance and client results.

According to the announcement, Bolton brings more than 20 years of SaaS experience, including roles as senior vice president of operations, chief customer officer and chief revenue officer at BombBomb. Most recently, he ran Bolton Co., an executive coaching and advisory firm focused on leadership and customer experience.

In his role of chief ambassador, Beute will focus on amplifying client and community insights from Buffini’s global network of agents, coaches and brokerage partners. The company said his role includes content, events and other outreach designed to keep member feedback central to product and program decisions.

Beute is a Wall Street Journal bestselling co-author and former executive at Zillow Group and BombBomb. He has hosted nearly 500 podcast episodes and has spent more than a decade working with real estate professionals on using video and other tools to build “authentic connection,” according to the announcement

Leadership mandates

Buffini & Company said the three executives share a single mandate: make it “radically easier” for agents and brokerage leaders to operate relationship-based businesses at scale.

In April, Buffini & Company named Dawson as CEO and transitioned Brian Buffini to chairman. The new executive hires build on that shift in leadership as the company looks to extend the relevance of its referral system for the next phase of the housing cycle.

The company says Pacinelli will be responsible for ensuring growth initiatives do not erode agent trust, Bolton will focus on operational reliability of systems and experiences, and Beute will work to keep member outcomes and stories central to strategy.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

This post was originally published on here

The clearest picture of how artificial intelligence is reshaping work in Asia can be found in India’s vast technology industry, where hiring has slowed to its weakest pace in more than two years. According to staffing data firm Xpheno, whose figures were reported during the week of June 8, entry-level job openings across India’s IT sector have fallen 44% from a year earlier, while senior-level postings are down 67%.

The numbers from India’s biggest employers tell the same story. Tata Consultancy Services made 25,000 job offers to new graduates last month, and Infosys is expected to hire about 20,000 in the coming year. Those figures sound large, but they are well below previous levels. Tata Consultancy Services hired more than 40,000 new graduates annually during each of the previous three years. Direct campus hiring across the industry now runs roughly 30% to 35% below historical levels.

What makes this shift striking is that the companies are not shrinking. They are growing output while holding headcount flat or reducing it. Tata Consultancy Services shed a net 13,249 employees in one recent fiscal year even as revenue continued rising, while Infosys recorded the largest annual headcount decline in its history, a 5.9% decrease. Neither company attributes the trend solely to AI, but the pattern is increasingly difficult to ignore: more work, fewer people.

The stakes are enormous because of the industry’s scale. India’s technology and business-process sector generated approximately $254 billion in revenue and employed 5.4 million people, according to NASSCOM. For decades, the sector thrived by providing skilled labor to multinational corporations. Artificial intelligence is now challenging that model.

The jobs facing the greatest pressure are the very positions that launched millions of careers: entry-level coding, software testing, routine customer support, and back-office processing. These roles absorbed vast numbers of graduates each year and helped build India’s middle class. AI tools increasingly perform many of those tasks, reducing the need for large numbers of entry-level workers. Recruiters describe a growing shift toward just-in-time hiring, where employees are added only when projects require them rather than being kept on large reserve benches.

The transformation is not limited to India. Across Asia’s major financial centers, AI is moving rapidly from pilot projects to everyday operations. In Hong Kong, a 2026 KPMG employment survey found that 24% of organizations are now widely deploying AI, triple the level reported a year earlier. KPMG identified AI literacy and practical AI application as the most valuable skills employees can possess. At the same time, more employers expect to reduce headcount than increase it, reflecting one of the most cautious hiring outlooks in recent years.

For workers with the right skills, however, the technology is creating opportunities. Research published in January by UNICEF Innocenti found that AI-related job postings across South Asia continue to rise and offer salaries roughly 30% higher than comparable white-collar positions. Workers who understand how to leverage AI are seeing measurable gains in earnings and productivity. The concern is that those gains may not be shared equally.

Researchers increasingly warn of a more divided labor market, where highly skilled workers benefit from higher pay and greater demand while workers performing routine tasks face fewer opportunities. The challenge is not merely job displacement but widening inequality between those who can effectively use AI and those who cannot.

The World Bank, in its recent report on East Asia and the Pacific, offered a more optimistic long-term perspective. Historically, new technologies have expanded employment overall by increasing productivity and creating new industries. However, the benefits have tended to flow disproportionately to skilled workers, while some less-skilled workers have been pushed into more informal and less secure forms of employment.

There is also an augmentation story unfolding alongside the displacement narrative. Microsoft’s 2026 Work Trend Index, which surveyed 20,000 AI users across ten countries, found that most respondents reported higher productivity, and a majority said AI enabled them to produce work they could not have completed just a year earlier. In many cases, AI is changing how work is performed rather than simply eliminating jobs.

For businesses, the implications are substantial. Investors are increasingly distinguishing between companies that are building AI-driven products and services and those that continue to rely primarily on selling human labor. The valuation gap between those models is expected to widen.

Governments are responding as well. India’s Karnataka state, home to Bangalore, is offering incentives aimed at doubling the number of multinational global capability centers operating there to 1,000 by 2029. These centers are expected to create higher-value jobs, though they are unlikely to absorb the vast numbers of graduates that the traditional outsourcing model once employed.

The broader trend across Asia is becoming clear. Artificial intelligence is increasing productivity, boosting wages for workers who master it, and raising the skill requirements for new entrants. For a region that built much of its modern economic success on abundant, affordable, educated labor, that represents one of the most significant workplace shifts in decades.

JBizNews Desk — Asia

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Unmanned Surface Vessels (USVs), or naval drones, are increasing their role in military affairs. This is part of the much larger unmanned or drone revolution that is taking place at all levels of the military, where the use of drones is becoming the norm.

From infantry forces using quadcopters to large surveillance drones and the new US LUCAS system of one-way attack drones, drone warfare is increasing exponentially. This is important for Israel, as it is a pioneer in drone technology.

The use of a naval drone to rescue two US Army pilots recently is an example of how this technology is becoming increasingly relevant.

According to Naval News, “The US Navy drone task force picked up two downed pilots using a Saronic Corsair unmanned surface vessel yesterday in Middle Eastern waters during a first-of-its-kind rescue mission.”

The report went on to say that, as first reported by The Wall Street Journal, “two Army pilots patrolling regional waters near Oman were rescued after their AH-64 attack helicopter went down. A social media post from US President Trump stated that Iranian forces downed the drone and pledged American retaliation.”

US used naval drones in latest rescue mission

It is significant to note that within the US Central Command (CENTCOM), there has been a focus on using and learning about new drone technology. This is particularly true in the maritime realm. For instance, the US Navy’s Task Force 59 has been focused on using new drones.

Naval News noted that “the US Navy’s Task Force 59 used its recently procured Saronic drone boats to pick up the pilots, marking the first known use of USVs to conduct a search and rescue mission. A CENTCOM release stated that the rescue took two hours and that the pilots were in stable condition.”

Saronic’s Corsair USV is described as “capable of operating at ranges over 1,000 nautical miles and can support 1,000-pound payloads.”

The BBC noted that according to US Navy Captain Tim Hawkins, “the crew members were rescued by an uncrewed surface drone – a US Navy Corsair – that was operated by Task Force 59” and added that “it was the first time the US military publicly confirmed that type of vessel was used in such an operation.”

Back in 2022, the US Navy announced it was launching Digital Horizon, an event focused on unmanned systems and AI.

A Navy report at the time stated that “Digital Horizon will advance the command’s efforts to integrate new unmanned technologies while establishing the world’s first unmanned surface vessel fleet by the end of next summer. US 5th Fleet’s efforts are focused on improving what US and regional navies are able to see above, on, and below the water.”

“I am excited about the direction we are headed,” said Vice Admiral Brad Cooper, current head of CENTCOM, who was then the commander of US Naval Forces Central Command, US 5th Fleet, and Combined Maritime Forces.

Back in 2022, he said that “by harnessing these new unmanned technologies and combining them with artificial intelligence, we will enhance regional maritime security and strengthen deterrence. This benefits everybody.”

Cooper had established Task Force 59 on September 21, 2022. The goal was to focus on new technology for the US 5th Fleet’s area of operations. Operational hubs were established in Bahrain and Aqaba.

“Digital Horizon will include 17 industry partners bringing 15 different types of unmanned systems, 10 of which will operate with the US 5th Fleet for the first time,” the Navy had said.

Among the systems noted at the time, which would be examined by the Navy, were unmanned aerial vehicles, including two vertical take-off and landing systems: Aerovel’s Flexrotor and Shield AI’s V-BAT, as well as Easy Aerial’s tethered UAV.

The unmanned surface vessels included the Elbit Systems Seagull, Exail DriX, L3Harris Arabian Fox MAST-13, Marine Advanced Robotics WAM-V, MARTAC T-38 Devil Ray, Ocean Aero TRITON, Open Ocean Robotics Data Xplorer, Saildrone Explorer, Seasats X3, and SeaTrac SP-48.

“The pace of innovation is amazing,” Capt. Michael Brasseur, commander of Task Force 59, had said.

“We are challenging our industry partners in one of the most difficult operational environments, and they are responding with enhanced capability, fast. I am extremely proud of the entire team, including our many partners across government, academia, and industry, for their commitment to Digital Horizon as we discover new capabilities together,” said Brasseur.

Chalking up acomplishments since 2022

The USVs were already chalking up accomplishments back in 2022. For example, a Saildrone Explorer USV was one of the platforms seeing impressive use. Now, four years later, this technology is increasingly finding its feet.

Naval drones, as well as unmanned aerial vehicles and robotic ground vehicles, are all becoming normal on the battlefield. These systems are not all lethal; they can also save lives.

Drones can help find people lost at sea and can be sent to bring people home.

For instance, drones on the ground can also help evacuate the wounded. The unmanned revolution and teaming of systems with people are part of how warfare is rapidly evolving.

This has had a major impact in Israel as well, a pioneer in drone warfare, and where many Israeli companies make unmanned systems.

Similarly, drones are also used by Israel’s adversaries, such as Hezbollah, and have revolutionized the battlefield in Ukraine. The recent rescue of US pilots is an example of how the drone revolution is starting to shape our world.

This post was originally published on here

Four children, including two babies under the age of one, a 3-year-old boy, and a 3-year-old girl, have been evacuated by medics to Hadassah Ein Kerem Hospital for an unspecified illness, Magen David Adom (MDA) reported Thursday night. 

At 5:52 p.m., MDA dispatch received a notification that two children were feeling sick in a residential building near the Mekor Baruch Neighborhood of Jerusalem.

Approximately an hour later, additional medic and paramedic teams were dispatched to the same location for an additional two children who also reported feeling unwell with symptoms of weakness.

Following the report, a Jerusalem District Hazardous Materials Monitoring Team was dispatched to the scene, MDA said. 

Firefighters and other official personnel are on scene at the residential building, conducting a thorough investigation to rule out the presence of hazardous material that may have caused the illness.

Israel Police arrest women connected to violent criminal organization

In an unrelated case, Israel Police arrested a woman from the North linked to a violent criminal organization last Friday, after she was allegedly caught while driving a suspected stolen vehicle that had been brought into Israel from the West Bank. 

Further investigation revealed that the vehicle was what police refer to as an “operational vehicle,” allegedly intended for use by criminal execution squads in carrying out serious violent crimes, including shootings and targeted assassinations, the report said.

According to police, such vehicles are often abandoned or destroyed after being used in criminal activity in order to eliminate forensic evidence and hinder investigations.

At the police’s request, the suspect’s detention was extended until Friday, the report added.

Eilat resident indicted on charges of road rage and assault

In a separate incident, a 34-year-old Eilat resident was indicted on charges related to two violent incidents in the city in May, including an alleged road rage attack and a separate assault with scissors inside a private home, Israeli media reported.

Prosecutors also requested that he remain in custody until the end of legal proceedings.

According to the indictment, the first incident began when the suspect allegedly drove recklessly near other vehicles. After one driver honked at him, he got out of his car while holding a “work tool” and threatened the driver and his wife in front of their young son.

Later that evening, the suspect allegedly arrived at a private home in Eilat, where he attacked another person with scissors, injuring the victim’s face and allegedly attempting to continue the assault.

Eilat police later arrested the suspect, who has remained in custody throughout the investigation.

The indictment charges the suspect with “offenses of threats, injury while the perpetrator is armed, and attempted injury while the perpetrator is armed,” the report said. 

Prosecutors also asked the court to keep him in custody until the end of legal proceedings. 

Suspect indicted on drug trafficking and weapons possession charges

In a separate criminal case, a suspect involved in a violent interpersonal work dispute was indicted on charges of carrying weapons and drug trafficking.

On May 28, 2026, Israel Police in the North received a report of an assault over a financial dispute between the suspect and the client, demanding payment for work he had done but had not yet received. The dispute turned violent as the suspect attacked the client, causing injuries and making further threats. 

The police later located the suspect near Safed after the suspect fled the scene.

A search of the vehicle revealed weapons and cocaine worth tens of thousands of shekels, and 39,000 shekels in cash. 

An indictment has been filed against the suspect.

Suspects indicted for extortion and money laundering 

In another criminal case, suspects have been indicted for alleged money laundering and extortion against building contractors in the Pardes Hanna complex in Tel Aviv, according to the Israel Police spokesperson’s unit. 

The indictment alleges that the suspects “terrorized, blackmailed with threats, collected protection fees, and forced various services in the fields of construction, infrastructure, and security over time on a number of large contracting companies building projects in the Pardes complex, all with the aim of controlling all work being carried out in the Pardes and keeping other service providers away.”

The funds, worth millions of shekels, were allegedly laundered through legitimate businesses to conceal them from tax authorities and financial crime investigators, the statement continued. 

In a collaborative investigation between Lahav 433, the Tax Authority, and the Economic Department of the State Attorney’s office, a months-long covert and overt investigation led to the arrest of suspects in Jaffa and the South.

The prosecution has requested in the indictment that the suspects be detained through the end of the legal proceedings. 

This post was originally published on here

U.S. stocks rallied hard on Thursday, June 11, shaking off a hot inflation report from the U.S. Bureau of Labor Statistics and fresh military action against Iran to close sharply higher.

The Dow Jones Industrial Average jumped 929 points, or 1.87%, to 50,848.38, climbing back above the 50,000 mark. The S&P 500 rose 1.74% to about 7,393, just shy of 7,400. The Nasdaq Composite gained 2.53% to roughly 25,806, and the small-cap Russell 2000 led everything with a 3.06% surge.

Tech, industrials, and materials drove the move, while energy, consumer staples, and real estate lagged.

Inflation Runs Hot

The rally was striking because the morning’s economic news was not good.

The Bureau of Labor Statistics reported that the Producer Price Index (PPI), which tracks wholesale prices, rose 1.1% in May, well above the 0.7% economists expected. The core reading, which strips out food and energy, rose 0.4%.

On an annual basis, wholesale inflation hit 6.5%, the fastest pace in nearly four years.

It landed a day after consumer prices were reported at a three-year high of 4.2%.

Hot inflation usually pushes the Federal Reserve away from cutting interest rates, and futures markets now lean toward a possible rate hike this year rather than the cuts investors expected in January.

Iran Deal Hopes Trump War Fears

So why did stocks climb?

The answer was Iran.

Even as explosions were reported across the country near the Strait of Hormuz and the United States carried out renewed strikes, Iranian officials signaled that a deal with Washington is close.

That hope for de-escalation outweighed the fighting itself, and traders bought the dip from Wednesday’s steep selloff.

SpaceX Becomes Wall Street’s Main Event

The bigger draw was SpaceX.

Elon Musk’s rocket company is set to make its stock-market debut on Friday on the Nasdaq under the ticker SPCX, in what is expected to be the largest IPO in history.

According to people familiar with the offering, investor demand has topped $250 billion — roughly three-and-a-half to four times the company’s planned $75 billion target.

The size has some investors worried the debut could pull money out of other stocks.

Musk is also expected to appear virtually at an ASML event to discuss Terafab, a planned chipmaking plant intended to supply Tesla and SpaceX.

Oracle Falls Despite Beating Expectations

The day’s biggest single-stock story was Oracle, which fell about 12% even though its results beat expectations.

The software giant reported fiscal fourth-quarter revenue of $19.18 billion, ahead of the roughly $19 billion Wall Street expected, with adjusted earnings of $2.11 per share versus estimates near $1.89.

What spooked investors was the spending.

Oracle said its total outlays reached $55.7 billion in fiscal 2026, above the $50 billion expected, and guided capital spending for fiscal 2027 to roughly $95 billion — about 40% higher than the $67.7 billion analysts had modeled.

The company said it plans to raise nearly $40 billion through debt and equity next year, including a previously announced $20 billion stock offering, to fund its artificial-intelligence buildout.

Oracle has signed major data-center deals with Meta Platforms and OpenAI as it pushes to compete with cloud leaders Amazon and Microsoft.

Chip Stocks Stage a Comeback

Chip stocks, which had been hammered in recent weeks, came roaring back.

Intel jumped about 10%, while Applied Materials and Arm Holdings each rose close to 8%.

On the losing side, GoDaddy slipped 2.5% and Axon Enterprise fell 2.2%.

Eyes Turn to Adobe, Lennar and RH

After the closing bell, attention turned to Adobe, which reported fiscal second-quarter results.

Wall Street looked for earnings near $5.82 per share on revenue of about $6.46 billion.

Adobe shares have fallen roughly 28% this year on fears that new AI design tools could eat into its business.

Ahead of the print, RBC Capital maintained an Outperform rating with a $350 price target, while Mizuho held a Neutral view, citing limited near-term catalysts.

Homebuilder Lennar and luxury retailer RH also reported after the close, giving investors a read on housing and high-end consumer spending.

Job Market Shows a Crack

There was one more soft spot in the data.

The Labor Department said new claims for unemployment benefits totaled 229,000 in the week ending June 6, above forecasts, a small sign of cooling in the job market even as inflation runs hot — a difficult mix for the Federal Reserve to manage.

Looking Ahead

For one day, hope for an Iran deal and excitement over SpaceX won out over rising prices and war headlines.

The real test comes Friday, when SpaceX starts trading and Wall Street finds out whether the biggest IPO ever can hold up a market that has been swinging hundreds of points a day.

JBizNews Desk — New York

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

President Donald Trump said Wednesday, June 10, that the U.S. military has been quietly helping oil tankers move through the Strait of Hormuz, claiming that more than 100 million barrels of oil and over 200 commercial ships have passed safely through the contested waterway. He disclosed the operation in remarks to reporters in the Oval Office and in a post on his Truth Social platform.

Trump said he directed the military last month to carry out what he described as a secret mission to support oil tankers and other commercial vessels navigating the strait, the narrow channel between Iran and Oman that has been largely disrupted since the war began.

“This wildly successful effort is because the UNITED STATES OF AMERICA CONTROLS the Strait of Hormuz — NOT Iran,” Trump wrote, adding that Iran’s military has been weakened and its economy is under severe strain.

The president tied the operation directly to energy prices. He argued that the continued movement of oil through the region helped keep crude prices near $90 per barrel rather than surging above $200, a level some analysts have warned could occur if the strait were completely shut.

That economic angle is the heart of why this matters to ordinary Americans.

The Strait of Hormuz is one of the most important oil routes in the world. Before the conflict escalated, roughly 20 million barrels of oil per day flowed through the waterway, representing about one-fifth of global petroleum supply. Any disruption quickly affects fuel markets, shipping costs, airline expenses, manufacturing, and ultimately consumer prices.

When traffic through the strait became constrained, oil prices climbed and gasoline costs followed. Those higher energy expenses have filtered into transportation, food distribution, and retail supply chains across the economy.

Anything that restores even part of that flow can help reduce pressure.

Still, the picture is more complicated than the president’s description suggests.

Commercial traffic through Hormuz remains significantly below pre-war levels. Independent energy analysts note that global markets are still missing substantial volumes of oil that would normally transit the route. Industry estimates indicate that billions of barrels of expected shipments have been delayed or rerouted since the conflict began.

There is, however, some evidence that more oil may be moving through the region than publicly reported.

A recent JPMorgan analysis suggested that a meaningful volume of crude may still be exiting the Gulf through vessels operating with limited public tracking visibility. Analysts noted that oil exports appear higher than official shipping traffic alone would suggest.

At those estimated rates, Trump’s claimed totals fall within a range that analysts consider plausible, though still far below normal peacetime volumes.

Administration officials have also hinted at improving conditions.

Energy Secretary Chris Wright said earlier this week that oil exports moving through Hormuz are “rising very meaningfully,” though he did not provide specific figures.

Meanwhile, ships that had been stranded inside the Persian Gulf have gradually resumed movement through the corridor amid ongoing coordination with U.S. military forces.

Exactly what role the military is playing remains somewhat unclear.

Earlier this year, Trump announced a mission known as Project Freedom, intended to assist commercial vessels affected by the conflict. Administration officials later indicated that U.S. forces were not formally escorting ships but were providing communications support, intelligence, monitoring, and defensive protection against attacks.

U.S. Central Command has stated that American forces are working to protect commercial shipping from drone, missile, and maritime threats in the region.

Secretary of State Marco Rubio recently told lawmakers that the United States has responded to Iranian attacks targeting commercial vessels. He warned that drone strikes against civilian ships pose significant environmental and economic risks and said U.S. forces respond when commercial traffic comes under attack.

For businesses and consumers, the implications are significant.

If more oil is successfully reaching global markets, it helps explain why crude prices have remained elevated but have not exploded to the levels many feared earlier this year. That stability benefits airlines, trucking companies, manufacturers, retailers, and families facing higher fuel bills.

Gasoline prices remain well above pre-conflict levels, and inflation pressures tied to energy costs continue to affect household budgets. Any improvement in oil flows therefore has direct consequences for the broader economy.

The conflict, however, remains unresolved, and the Strait of Hormuz is still operating far below normal capacity.

Energy forecasters continue to expect elevated oil prices through much of the year unless shipping conditions improve substantially.

Trump’s announcement signals that the administration believes its efforts are helping keep energy supplies moving despite the conflict. Whether that translates into sustained relief at the gas pump will depend on how much oil is truly flowing and how long the disruption lasts.

JBizNews Desk — Energy

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

New York state’s most sweeping reform of a 50-year-old environmental review law is on the books. Gov. Kathy Hochul secured the changes as part of the state budget, cutting red tape on housing construction.

Developers, municipalities and environmental advocates are watching to see how the law works in practice in the real world.

Rules still need to be written.

Overhauling the State Environmental Quality Review Act was a centerpiece of Hochul’s “Let Them Build” agenda to improve housing affordability by streamlining the permitting process. It came after extended budget negotiations delayed its passage.

The law exempts qualifying housing projects from environmental review for the first time since 1975. The Department of Environmental Conservation must update regulations and guidance to align with the statute. Lead agencies statewide must also retool internal review processes to meet new mandatory timelines.

New York’s move echoes a push already underway in California. Gov. Gavin Newsom signed a landmark law last July shielding apartment and residential projects from lengthy environmental review. Developers wasted no time securing exemptions, with some doing so within days of the law taking effect.

But California’s experience to date also stands as a warning. Removing environmental review as a delay tactic shifts the fight to city councils and courtrooms.

It has not, thus far, eliminated it.

Where the final law expanded on Hochul’s proposal

Hochul’s January executive budget proposed a 100-unit cap for housing projects outside New York City to qualify for automatic exemption. The enacted version raises that cap to 300 units in urbanized areas, covering most mid-size cities and suburbs statewide. Rural and non-urbanized areas keep the original 100-unit cap.

Housing advocates and suburban municipalities called that expansion a significant win. They had argued Hochul’s original threshold was too restrictive to accelerate production meaningfully.

“Modernizing SEQRA is an important step toward addressing New York’s housing affordability and supply challenges by reducing unnecessary delays and duplicative review requirements that increase costs and slow the development of critically needed housing across New York,” New York State Association of Realtors President Ron Garafalo said.

Where the legislature tightened the reins

The final law extends a previously-disturbed-land requirement to all housing projects statewide, including those in New York City. Hochul’s original proposal applied that condition only to projects outside the five boroughs. Environmental groups and state legislators argued the original approach left too much room for development on sensitive sites.

A childcare facilities exemption in Hochul’s executive budget was stripped from the final version. Hochul pitched the provision to speed construction of community infrastructure alongside housing. Lawmakers who wanted to limit the law’s scope secured its removal.

The final law establishes a 20-unit cap for areas with no local zoning, a guardrail absent from the original proposal. Critics had flagged that absence as a potential loophole in communities with limited land-use oversight.

What comes next

In New York City, the reforms intersect with an existing local layer: the City Environmental Quality Review process, known as CEQR. The state changes are statutory and preempt local law, but how the city’s lead agencies interpret the new exemptions alongside CEQR needs resolution.

The DEC has not announced a formal rulemaking timeline. Project sponsors and municipalities will navigate the new statute without a regulatory roadmap until it does.

“Moving forward, the New York State Department of Environmental Conservation may choose to promulgate implementing regulations or issue guidance to clarify certain provisions,” attorneys with Greenberg Traurig wrote in an analysis. “Until the agency issues such regulatory guidance, stakeholders and applicants should consider exercising caution when applying SEQRA’s new provisions to specific projects.”

This post was originally published on here

Rechat has expanded its platform to allow brokerages, teams, technology providers and vendors to build and deploy custom branded applications directly on top of its real estate operating system.

Custom app features are available immediately.

The initiative builds on work that began more than a year ago with companies including Douglas Elliman and SERHANT., which developed custom applications using Rechat’s infrastructure, leaders said.

More recently, Nest Realty has also utilized Rechat’s APIs and app platform to create custom solutions.

Developers can build custom interfaces that run directly within the platform’s environment. Applications remain hosted on the developer’s own servers while accessing Rechat’s data, workflows and interface components, including contact information, email tools, forms and other operational functions.

The company said this approach allows applications to appear and function as a native part of the Rechat platform while reducing development time and complexity.

“From day one, Rechat was architected as an operating system: one data model connecting CRM, marketing, design and transactions, with Lucy, our AI assistant, running across all of it, we didn’t bolt this on,” said Emil Sedgh, chief technology officer of Rechat. “That foundation is what lets a brokerage or a partnership create a production-grade app in weeks or months, not years. They build their idea; they don’t rebuild the infrastructure underneath it.”

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

This post was originally published on here

Americans’ mood about money has hit a record low. In late May, the University of Michigan reported that its consumer sentiment index fell to 44.8 — the lowest reading in the survey’s history. The survey’s director, Joanne Hsu, said the cost of living was the top concern, with 57% of people naming high prices as the reason their finances feel worse. It was the third straight month of decline.

That is not a Wall Street number. That is a kitchen-table number, and it is flashing red.

This is not a slow drift. The struggle is surging.

A survey released in February by The Century Foundation found that more than one in three Americans (34%) had skipped a meal in the past year to save money, up from one in four just months earlier. That is how fast this is moving. Families are not only skipping meals; they are skipping doctor visits and going without medication.

People are not trimming the fat anymore. They are cutting into the bone.

It shows up at the most basic place a family spends money. A CNN poll in late May found that 61% of Americans had cut back on groceries to stay within budget, and 59% had cut back on extras and entertainment. When a majority of the country is buying less food, that is not a soft patch.

That is a warning siren.

So people take on more work just to stand still. The Bureau of Labor Statistics reported that the number of Americans holding more than one job hit roughly 9.3 million in November 2025 — the most ever recorded since the government began tracking it in 1994. Half of those workers hold a college degree.

A second job used to be how you got ahead. For millions of families, it is now how you keep the lights on.

The math behind it is brutal. Over the past five years, housing costs climbed about 28% while wages rose around 24%. Grocery prices jumped 0.7% in a single month in April, according to the Bureau of Labor Statistics — the biggest monthly increase in nearly four years. Gas has pushed above $4.50 a gallon, according to AAA.

And the middle class itself is shrinking. Pew Research Center found the share of Americans in middle-class households fell from 61% in 1971 to 51% by 2023. The backbone of the country is getting thinner every decade.

The split is now extreme.

Mark Zandi, chief economist at Moody’s Analytics, found that the top 10% of earners account for about 49.2% of all consumer spending — the highest share since records began in 1989. Everyone in the bottom 80%, earning under roughly $175,000, has seen their spending barely keep pace with inflation.

An economy carried by the richest tenth is not strong. It is top-heavy, and one nervous quarter from those households would shake the whole thing.

Now look at where Washington’s energy is going.

The administration is consumed by the world stage — the war with Iran, the Strait of Hormuz, ceasefire diplomacy, oil, and trade fights stretching across continents. Those matters are real, and leaders have to manage them. But a government cannot run on foreign policy alone.

While the White House looks overseas, the family back home watching its grocery bill climb is getting silence. Diplomacy in the Gulf does not put food on a table in Ohio.

And here is the quiet failure almost no one is talking about.

The federal government employs offices and officials whose entire job is to help these families — appointees placed at agencies built to support small businesses, workers, and communities. Too many of them are missing in action.

The programs exist. The doors are shut. Emails from the community go unanswered. Outreach from business leaders goes unanswered. Even letters from members of the Senate and Congress go unanswered.

People hired and sworn to serve the public have simply gone quiet, and the help meant for Main Street never leaves the building.

It does not have to be this way, and we have proven it.

As one example, in April 2024, the Orthodox Jewish Chamber of Commerce convened the first National Chambers of Commerce Leaders Roundtable inside the U.S. Department of Commerce, putting chamber leaders from around the country face-to-face with federal officials who rarely meet Main Street.

It worked, and the government said so in writing.

In a letter dated December 9, 2024, then-Deputy Secretary of Commerce Don Graves credited the chamber’s initiative and said it stimulated economic growth from the grassroots level.

And yet the new administration has repeatedly promised engagement while postponing it again and again. That is what bottom-up engagement looks like when officials actually engage, show up, and work alongside the boots-on-the-ground business and community leaders who understand these challenges best. The Department of Commerce itself recognized the value of this approach. The initiative was intended to continue bringing together chamber leaders and federal officials to strengthen economic growth from the grassroots level, but despite repeated commitments, efforts to continue hosting and expanding this initiative have been pushed off time and again.

It has been promised since and left to sit idle.

A December 9, 2024 letter from then–Deputy Secretary of Commerce Don Graves praised the Chamber’s grassroots economic-growth initiative and urged its continuation.

Here is what Washington should understand: this has not gone unnoticed.

The American people see exactly where the attention is going, and where it is not. The record-low mood is the receipt. The skipped meals are the receipt. The second jobs are the receipt.

Voters of every party are watching a government that has time for every capital in the world but no time for their kitchen table.

So the demand is plain.

Refocus.

Balance the global agenda with the home front. Make every agency answer the mail. Hold appointees accountable when they go missing, and replace those who refuse to do the job they were given.

Forgetting the middle class is not smart, and it will not be rewarding.

A family skipping meals and working two jobs remembers who showed up and who disappeared. That memory does not fade by Election Day.

Washington can see the middle class now — or be reminded at the polls that it looked away.

JBizNews Desk — Washington

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

On Tuesday, lawmakers in the U.S. House of Representatives introduced the Build American Efficiency Act, a bill designed to make it easier for homebuilders, manufacturers and HUD funding recipients to comply with Build America, Buy America (BABA) rules on federally backed housing projects.

BABA, enacted as part of the 2021 Infrastructure Investment and Jobs Act, requires that iron, steel, construction materials and manufactured products used in federally funded infrastructure and construction projects be produced in the United States. 

For developers and builders, those domestic sourcing mandates mainly affect HUD-supported and other federally assisted construction and rehabilitation projects. 

Rep. Lou Correa (D-CA) introduced the legislation on Tuesday with Real Estate Caucus co-chairs Reps. Mark Alford (R-Mo.) and Tracey Mann (R-KS)., along with Reps. Brad Finstad (R-MN) and Johnny Olszewski (D-MD), according to an announcement.

Homebuilders and developers have warned that BABA implementation can slow projects, add documentation costs and create uncertainty about product eligibility, particularly as HUD and other agencies finalize guidance. For developers relying on HUD programs or other federal funds, the ability to quickly prove materials compliance can be the difference between a viable capital stack and a stalled deal.

The Build American Efficiency Act would not change BABA’s underlying domestic content requirements. Instead, it focuses on how homebuilders and their suppliers can document compliance by doing the following:

  • Clarifying HUD authority: The legislation would confirm that the Secretary of Housing and Urban Development can recognize “auditable and verifiable” systems that document products meeting BABA domestic content rules.
  • Recognizing process standards: The bill would allow HUD to treat documentation generated under the Make It American Process Standard, or similar standards with auditable certification processes, as sufficient evidence of domestic content compliance.
  • Simplifying product selection: The text aims to help manufacturers, builders and funding recipients more easily identify which products satisfy BABA requirements, potentially reducing the need for one-off determinations.
  • Cutting paperwork and waivers: The policy reform seeks to reduce time spent on waiver requests, duplicative documentation and uncertainty over which products have been approved, which can delay starts and draws.
  • Maintaining flexibility: The legislation states that HUD cannot mandate the use of any single database and does not bar recipients from using other lawful methods to certify compliance.

“I am pleased to join my colleagues in introducing this bipartisan bill to speed up the building of new homes,” Correa said in an announcement, arguing that the bill would “cut red tape” while keeping requirements to use American-made construction materials.

Mann said the proposal is meant to help builders and manufacturers “navigate complicated federal compliance requirements without sacrificing our commitment to American-made products,” by allowing HUD to recognize systems that identify BABA-compliant materials and “reduce unnecessary delays” in getting homes built.

Alford said the bill clarifies that HUD can recognize auditable, verifiable databases such as the Make It American Process Standard to document compliant products, while emphasizing that it “does not mandate any database” but instead “gives builders better tools so we can build more American homes faster with American products.”

Why this matters for builders and developers

For production and infill builders that rely on HUD-assisted projects, tax-exempt bonds, HOME, CDBG or other federally sourced funds, BABA compliance has become a growing operational risk. The need to trace domestic content for thousands of SKUs, coordinate with manufacturers and respond to agency audits can slow procurement and add soft costs, particularly on multifamily and mixed-use projects.

If enacted as described, the Build American Efficiency Act could give HUD clearer authority to endorse third-party, auditable databases or process standards for documenting compliant materials. That could allow builders and their purchasing teams to rely more on pre-vetted product lists and standardized certifications instead of case-by-case paperwork.

For manufacturers that serve residential construction, inclusion in recognized BABA-compliant systems could become a competitive differentiator for winning business on HUD-backed and other federally assisted housing deals. At the same time, the bill’s flexibility language signals that builders could continue to use separate documentation paths if a particular product or supplier is not yet captured in a database.

The bill now heads to the House committee process, where homebuilding and manufacturing trade groups are likely to weigh in on how HUD should structure any recognized systems and how burdens are allocated among builders, suppliers and owners.

This post was originally published on here

You’re reading the web edition of STAT’s Health Tech newsletter, our guide to how technology is transforming the life sciences. Sign up to get it delivered in your inbox every Tuesday and Thursday.

Good morning health tech readers!

I’ve been a remote worker since early March 2020. Even if it suits me fine, I was surprised to learn it might be ruining my life.

Continue to STAT+ to read the full story…

This post was originally published here

New data released Thursday suggest the prevalence of drinking during pregnancy increased in recent years. 

National survey data published in a Centers for Disease Control and Prevention report show about 15% of adult pregnant women reported current drinking (use in the prior 30 days) between 2021 and 2024. About 13.5% of women reported the same between 2018 and 2020.

Read the rest…

This post was originally published here

WASHINGTON — Health secretary Robert F. Kennedy Jr. on Wednesday pointed to his “publicly available calendar” as an example of his commitment to transparency and to beat back unfavorable reporting.

But no such calendar, detailing who Kennedy meets with or how he spends his time, has been released by the administration. STAT has been asking the Department of Health and Human Services for Kennedy’s calendar for more than a year, via Freedom of Information Act requests and emails to the press office.

Read the rest…

This post was originally published here

President Donald Trump confirmed Thursday that Bill Pulte’s tenure as acting Director of National Intelligence (DNI) will be temporary. He announced on social media the nomination of Jay Clayton, U.S. Attorney for the Southern District of New York, to the permanent position.

“Few people anywhere in the Legal Community are respected at the level of Jay,” Trump wrote in a post on Truth Social. “I encourage the United States Senate to confirm Jay as soon as possible.”

Clayton is the former chairman of the Securities and Exchange Commission (SEC) and the former head of law firm Sullivan & Cromwell.

Pulte was appointed on June 2 to serve as acting DNI, stepping in after Tulsi Gabbard withdrew from the role. Pulte also serves as director of the Federal Housing Finance Agency (FHFA) and chairman of government-sponsored enterprises Fannie Mae and Freddie Mac.

But his appointment drew immediate criticism from Congress, and the DNI role traditionally requires Senate confirmation. Lawmakers quickly signaled that Pulte would face an uphill battle to secure approval for the permanent role.

On June 4, Senate Republicans and Democrats clashed over establishing guardrails for acting appointments. Sens. Bill Cassidy (R-La.), Susan Collins (R-Maine) and Lisa Murkowski (R-Alaska) joined Democrats in supporting an amendment to a budget reconciliation package that would bar Senate-confirmed agency heads from simultaneously performing the DNI role in an acting capacity. The amendment ultimately failed.

Following the pushback, Trump acknowledged the temporary nature of Pulte’s intelligence role, stating that he was “not going to be permanent” because “I don’t think he’d want to be permanent.”

Another sign of congressional resistance emerged when the House of Representatives rejected a proposal to extend Section 702 of the Foreign Intelligence Surveillance Act (FISA) on Thursday. Democrats refused to back the measure explicitly due to Pulte’s nomination.

Critics have pointed out that Pulte lacks a traditional intelligence or military background for a role that oversees the broader U.S. intelligence community. The DNI is responsible for coordinating roughly 20 agencies and advising senior government officials on critical national security threats, including terrorism, espionage, cyberattacks and foreign influence operations.

This post was originally published on here

Long before she became a real estate agent helping lead one of the nation’s top-performing small teams, Molly Horak was spending her days in an infant carrier beneath her mother’s desk.

The story has become part of The Horak Group’s family lore — and part of the reason the team’s connection to REMAX stretches back nearly four decades.

“I was in that pumpkin seat under the desk at another brokerage when [my mother] was doing board duty, desk duty,” Molly told HousingWire. “The owner came in and asked why a baby was here, said it wasn’t professional. She was in her early 20s, so what are you going to do? So, she went across the street to REMAX, and I ended up growing up in that office.

“They passed me and my sister around, and it was a very family atmosphere. My kids now have all worn little knit REMAX baby hoodies from the 1980s my mom had for us when we were little.”

Today, that family-centered approach remains a defining characteristic of The Horak Group, which operates under REMAX Boone Realty in Columbia, Missouri.

The three-agent team — Molly Horak, her mother Susan Horak and Jan Wertzberger — earned a No. 16 national ranking among small teams for transaction sides on RealTrends Verified’s 2026 rankings — closing 247 in 2025.

For Molly, the explanation for the team’s sustained success is straightforward.

“We do have longevity,” she said. “I think my mother started in 1984, 1985, somewhere around there,” she said. “We’ve all just been doing this for a very long time, and have routines set and know what we need to do. It takes a lot of late nights and weekends, but we just keep going and it’s what we’ve always done.”

Susan Horak founded the business and remains its leader, with Molly helping on day-to-day operations and Wertzberger having been with the group for 30 years.

Technology and people

Although the team consists of only three agents, it has continued to evolve with changing technology.

Molly remembers a time when marketing a listing required far more time than it does today.

“I remember starting off in the company in the graphics and marketing office,” she said. “It was so funny, because back then it took like six of us to do 10% of what we do now with two people. You had to build the website from nothing, and it felt like every single time you had a new listing it was this long process of getting everything put on there.

“The websites would crash if you had more than nine photos, because the internet just wasn’t what it is now, and the technology has just gotten so much better — so much faster.”

Despite advances in technology, the team’s investment philosophy has remained consistent.

“I don’t feel like we spend a ridiculous amount buying every new shiny thing,” Molly said. “But we do invest in people. We have a dedicated, full-time graphics and marketing [person]. It’s not always been the same person — but for probably 25 years, 30 years, we’ve just always had one because you need someone to run the website.”

That includes maintaining dedicated marketing support.

“We’ve always had a pretty decent listing volume [so] it’s never made sense to have someone where we had to wait on their schedule when we needed new photos, especially during the recession years,” Molly said. “When things were sitting on the market for a very long time, you have to send people out to retake photos when the season changes and there’s snow on the ground.”

Working with family

As The Horak Group hits 40 years in business, Molly believes the key to making a family business work is surprisingly simple.

“You’ve got to like each other,” she said. “I genuinely love working together. Frequently, we’ll be at the office till 8:30 at night or longer, just to get more done after the staff has left. Everybody goes home and then, all of a sudden, you get peak productivity. We work really well together then, or at any time.”

Still, she acknowledged that family partnerships aren’t for everyone.

“Not every parent-child relationship is right for that,” Molly said. “And you can’t try to force it when it’s not. We’ve just always had this family environment, and we really appreciated that about REMAX. My kids came to the office their first couple of years. When [my mother] got into real estate, back then, I think there was a higher concentration of men in real estate.

“It just wasn’t as normal to have a business be welcoming [to a woman who needed to bring kids to the office]. Now things are different, but REMAX was just so welcoming when it wasn’t what everyone did.”

For the Horaks, a family-friendly office that welcomed a baby in a pumpkin seat helped launch a real estate legacy that now ranks among the nation’s best.

This post was originally published on here

eXp World Holdings, Inc. has completed its corporate transformation to AGNT, Inc., including a formal name change and a move of its legal domicile from Delaware to Texas, the company announced Thursday.

The holding company for eXp Realty, NextHome, FrameVR.io and SUCCESS Enterprises now trades on Nasdaq under the AGNT ticker and will operate under the AGNT, Inc. name going forward. The shift follows the May 2026 adoption of the AGNT ticker and the addition of NextHome to the platform, which the company describes as a multi-model, agent-focused ecosystem spanning cloud brokerage, franchise and ancillary services.

Glenn Sanford, founder, chairman and CEO of AGNT, said the new corporate identity is intended to formalize the company’s longstanding strategy of building economic and technology models around independent real estate agents. At the brokerage level, eXp Realty CEO Leo Pareja pointed to the firm’s scale — it bills itself as the world’s largest independent brokerage — and said the AGNT structure is designed to give that agent-first mission “a permanent home” at the holding company level.

Redomestication to Texas

As part of the transformation, AGNT has completed its redomestication from Delaware to Texas. The move was recommended by a special committee of independent directors after a review process that lasted more than a year and was supported by outside counsel, according to the announcement. Shareholders approved the change at the company’s May 8, 2026, annual meeting.

The company said Texas law better matches its agent-driven business model because it expressly allows directors and officers to consider the interests of constituencies such as agents when exercising fiduciary duties. That framing is notable for broker-owners and shareholders watching how public real estate platforms navigate pressure to balance agent economics, profitability and litigation or regulatory risk.

This move comes despite New York State Comptroller Thomas DiNapoli, who is a trustee of the New York State Common Retirement Fund, an AGNT shareholder, calling on investors to block the firm’s attempt to move its place of incorporation to Texas. 

Critics of the firm claimed that it was trying to reincorporate to dodge allegations that the company and its executives enabled the drugging and rapes of women attending recruiting events. 

AGNT has repeatedly told HousingWire that it “has zero tolerance for abuse, harassment or misconduct of any kind — including by the independent real estate agents who use our services,” and that it believes the claims against Sanford and the firm “are without merit.”

In mid-April, an AGNT spokesperson told HousingWire that the decision to reincorporate in Texas reflected “the Board’s considered judgment about the long-term operational and governance interests of the company and its shareholders. “

“Any characterization of the timing as ‘suspect’ misrepresents a lengthy, good-faith process and a misunderstanding of the reincorporation impacts on existing litigation,” the spokesperson said. 

AGNT said it will continue to use its website, www.agntinc.com, Securities and Exchange Commission filings, press releases, calls, webcasts and social channels as primary outlets for investor information.

This article was written by Brooklee Han and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

This post was originally published on here

Heavy spending on artificial intelligence could widen economic outcomes and hit lower-quality loans, the firm says.

One of the world’s largest bond investors is warning that a painful stretch of loan defaults has begun, and that the enormous sums companies are borrowing to build artificial intelligence are making it worse. Pacific Investment Management Co. (Pimco) laid out the warning on Wednesday, June 10, in its latest annual long-term outlook report.

The message was blunt.

“The default cycle is reasserting itself, and we expect significantly higher losses in lower-quality credit such as leveraged and private direct lending,” wrote Daniel Ivascyn, the firm’s chief investment officer, along with colleagues Richard Clarida and Andrew Balls. The firm said plainly that “the credit loss cycle is upon us.”

This is not a minor voice. Pimco manages approximately $2.3 trillion in assets, making it one of the largest fixed-income investors in the world. When a firm that size says losses are coming, lenders and investors listen.

To understand the warning, it helps to define the terms. Leveraged loans are loans made to companies that already carry heavy debt. Private direct lending, often called private credit, is when investment funds rather than banks lend money directly to mid-sized businesses. Both areas have ballooned over the past decade as investors chased higher returns, and Pimco says underwriting standards loosened along the way.

In other words, lenders got less careful about who they handed money to.

Now the bill is starting to come due. Pimco expects those weaker corners of the market to face a wave of defaults as companies struggle to keep up with their debts.

The artificial intelligence boom is a central part of the story, and not in the way most headlines frame it. Pimco estimates that AI-related debt issuance is running at roughly $100 billion every quarter. The companies building the massive data centers behind AI are increasingly financing those projects with borrowed money rather than cash on hand. Capital spending is surging while free cash flow moves in the opposite direction.

Pimco’s view is that this buildout could widen the gap between winners and losers over the next several years, leaving weaker, more heavily indebted borrowers exposed.

There is a warning sign that most people are missing, according to Pimco.

Official high-yield default rates have hovered around their long-run average of roughly 4%, a number that looks calm on the surface. Ivascyn argues that figure is misleading. He points to what the firm calls “shadow defaults,” where a struggling borrower quietly renegotiates or amends its loan terms to avoid an official default. The trouble never shows up in the headline statistics, but the company is still in distress.

Another red flag is the growing use of payment-in-kind financing, where a borrower pays interest with additional debt instead of cash. It is the financial equivalent of paying one credit card with another. It buys time, but it also increases the eventual burden.

Pimco also flags a striking disconnect. Credit spreads—the extra interest investors demand to hold risky debt instead of U.S. Treasury securities—remain near historically low levels. On the surface, that looks like confidence. Underneath, Pimco frames it as complacency, with investors getting paid very little to take on rising risk.

The firm is careful to note that this is not a repeat of the early-2000s telecom bust, when companies borrowed aggressively to lay fiber-optic networks that later went underused. Today’s AI financing is more disciplined, Pimco says, and the opportunity in AI-related lending is real.

But only for investors who can tell the difference between well-funded borrowers with genuine revenue and overleveraged operators chasing the hype.

The everyday stakes are larger than they might seem. Pension funds, insurance companies, university endowments, and retirement accounts have poured money into private credit over the past decade, attracted by higher yields and steady payouts. A wave of defaults would reduce those returns.

The borrowers most at risk are often smaller and mid-sized businesses that depend on private lenders for capital. Those same firms are also facing higher financing costs, elevated energy prices, and ongoing economic uncertainty. If lending conditions tighten, many could scale back hiring, delay expansion plans, or reduce investment, creating ripple effects throughout local economies.

For now, Pimco says the risk of a broad financial crisis remains low. This is not a 2008-style financial meltdown in the making. Instead, the firm sees a slower grind of mounting losses concentrated among the weakest borrowers and the most aggressive lenders.

Its recommendation is straightforward: favor higher-quality credit, maintain discipline, and pay close attention to who is on the other side of every loan.

The broader lesson lands at the center of today’s AI debate. The technology’s promise may be real, but the money funding much of the buildout is increasingly borrowed. Pimco’s warning is that not every borrower participating in the boom will be able to pay it back.

JBizNews Desk — Markets

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

On June 12, 2025, the French Ministry for Europe and Foreign Affairs hosted a conference in Paris bringing together dozens of Israeli and Palestinian participants under the banner of supporting peace and advancing the two-state solution ahead of the G7 meeting on June 15. At first glance, the initiative appeared admirable. 

France continues to invest political capital in keeping alive the prospect of peace at a time when both societies are exhausted by war, violence, and despair. 

The idea of engaging civil society actors from both sides is intuitively attractive. Diplomats, donors, and journalists alike are naturally drawn to images of Palestinians and Israelis sitting together, discussing coexistence and reconciliation.

Yet beneath this attractive surface lies a reality that few are willing to discuss openly. Over the past three decades, an increasingly closed and professionalized “peace industry” has emerged around the Israeli-Palestinian conflict. 

What began as genuine efforts to build bridges between two societies gradually evolved into a highly specialized ecosystem of organizations, consultants, facilitators, conference organizers, and donor-funded professionals who have come to dominate the field of what is often described as Israeli-Palestinian civil society engagement.

The same names appear repeatedly. The same organizations receive funding year after year. The same participants travel from one conference to another, from Geneva to Brussels, from Paris to Washington. 

They speak the same language, attend the same workshops, publish the same reports, and celebrate the same symbolic achievements. Meanwhile, the distance between ordinary Palestinians and Israelis continues to grow.

A self-reinforcing ecosystem has developed between donor governments, international bureaucracies, and the leadership of the peace industry itself. 

Donors seek predictable partners who understand reporting requirements and avoid political controversy. Organizations learn how to secure grants and maintain institutional survival. 

Both sides become comfortable with a model that minimizes risk, avoids confrontation with difficult realities, and rarely challenges the structures that prevent meaningful engagement between the two societies.

From dialogue to institutional self-perpetuation

The result is a form of peacebuilding that often takes place far away from the people it claims to represent.

In hotel conference rooms across European capitals, participants discuss coexistence while Palestinians and Israelis on the ground experience increasing separation. Violence rises. Political polarization deepens. Mutual distrust reaches new heights. 

Yet conference after conference concludes with carefully drafted statements celebrating dialogue and reaffirming commitment to peace. 

A parallel reality has emerged: one in which success is measured not by social impact but by the number of conferences held, grants secured, reports published, and donor evaluations completed.

This industry is not small. Every year, tens of millions of euros are invested in Israeli-Palestinian coexistence programs, largely funded by the European Union and its member states. 

Recently, an €18 million European grant administered through a French intermediary was distributed among organizations operating within this ecosystem. 

Yet if one searches for evidence of these investments among ordinary Palestinians or Israelis, the results are remarkably difficult to find. 

Where are the mass movements that emerged from these investments? Where are the large-scale social constituencies that were built? 

Where are the millions of citizens whose attitudes were transformed?

Where are the public campaigns that reached entire societies rather than the same small circle of professional participants?

The uncomfortable truth is that much of this activity remains largely invisible outside a relatively narrow community of practitioners. Many of these networks operate according to informal rules that have become almost sacred.

 Meetings are frequently conducted under Chatham House rules. Participants are discouraged from publicizing discussions. Photographs are often avoided. Public debate is limited. Social media engagement is minimal. 

The broader public is rarely invited into the conversation. Transparency – ironically – is often absent from organizations that speak constantly about democracy, accountability, and inclusion.

One of the pillars of this ecosystem is a Geneva-based organization that has successfully secured substantial portions of international peacebuilding funding over many years.
 
Yet a simple review of its public footprint reveals a striking disconnect between financial resources and public influence. Social media accounts reach only a few thousand followers. 

Public engagement remains limited. Visibility inside Palestinian and Israeli society is marginal. This raises legitimate questions. 

How many hundreds of millions of euros have been invested in this sector over the past 30 years? Which governments approved these expenditures? What evaluation mechanisms were used? 

How were success and failure measured? Why have so many grants repeatedly flowed to the same organizations and the same individuals? 

Most importantly, how is it possible that the gap between Palestinian and Israeli societies continues to widen while those claiming to represent dialogue and coexistence continue to receive praise, funding, and invitations to international conferences?

The problem is not the pursuit of peace. The problem is the illusion of representation. A handful of organizations do not represent Palestinian society. They do not represent Israeli society. They represent themselves. 

The tragedy is that many well-intentioned European diplomats continue to confuse participation with representation and attendance with legitimacy. They see familiar faces around conference tables and assume they are hearing the voices of entire communities.

They are not.

Real peacebuilding requires leaving the comfort of elite conferences and engaging directly with the difficult realities on the ground. 

It requires reaching citizens who disagree, communities that have never met one another, and young people who have lost faith in both politics and dialogue.

It requires transparency, accountability, measurable impact, and genuine democratic legitimacy. Until that happens, conferences will continue to produce photographs, declarations, and donor reports.

But they will not produce peace.

The writer is a Palestinian political activist and reform advocate. A lifelong Fatah member, he has become a prominent voice for democratic renewal, national elections, and institutional reform. He is among the founders of New Path (Masar Jadid), a new Palestinian political movement seeking to build a modern, accountable, and democratic political alternative.

This post was originally published on here

The IDF Widows and Orphans Organization awarded more than NIS 2 million in scholarships and grants to widows and orphans of fallen IDF soldiers and security personnel at its annual “Ruach Ahat” ceremony, the organization announced.

The ceremony, which has been held annually since 2008, has become one of the organization’s central traditions for honoring and supporting bereaved families at major life milestones. This year, 478 scholarships and grants were awarded, including academic scholarships, appreciation grants for IDF orphans who served in active reserve duty over the past year, and wedding gifts for members of the organization who married during the year.

The event was held in the presence of Orna Zamir, wife of IDF Chief of Staff Lt.-Gen. Eyal Zamir; Adv. Zehava Gross Meydan, chairwoman of the IDF Widows and Orphans Organization; Shlomi Nahumson, the organization’s CEO; Arieh Mualem, deputy director general and head of the Families, Commemoration and Heritage Department at the Defense Ministry; Brig.-Gen. Edna Ilya, the IDF’s chief human resources officer and head of the Casualties Division, and Col. Meital Samet-Cohen, head of the IDF Casualties Department.

Gross Meydan said the grants reflect the organization’s confidence in the families it supports.

“The support we provide at the IDF Widows and Orphans Organization is more than financial assistance. It is a statement of trust,” she said. “We believe in you, in your strength, and in your potential to lead, influence, and build the future of Israeli society.”

She added that the organization was proud to honor members who married this year and those who served in the reserves.

A lifelong commitment to the families of the fallen

“For us, this is the deep meaning of true support: being there for you in the moments that shape life, the future, and hope,” Gross Meydan said.

Nahumson said the organization views its role as a lifelong commitment to the families of the fallen.

“The IDF Widows and Orphans Organization has made it its mission to be there for IDF widows and orphans throughout their lives, and we are committed to that,” he said. “This evening, we are distributing more than NIS 2 million in scholarships, wedding grants, and appreciation gifts, the highest amount the organization has ever allocated for these scholarships and grants.”

He said the record sum reflected the organization’s desire to serve as “support, a foundation, and a true home” for bereaved families.

Bereaved families ‘will never be left alone’

The IDF Widows and Orphans Organization, founded in 1991, is the representative body for widows, widowers, and orphans of fallen members of the IDF and Israel’s security forces. It supports more than 18,000 widows, widowers, and orphans of fallen IDF soldiers, police officers, Shin Bet and Mossad personnel, Prison Service members, and members of civilian security squads.

The organization provides scholarships and grants, personal assistance, courses and workshops, counseling and mentoring programs, summer camps for children and teenagers, family vacations, study days, and community initiatives across the country.

Since the beginning of the war, according to the organization, Israel’s circle of bereaved families has grown significantly, with 358 new widows and widowers, including 48 women who were pregnant when their partners fell, as well as 908 newly bereaved orphans.

The organization said it remains committed to ensuring that these families “will never be left alone” as they rebuild their lives after loss.

This post was originally published on here

The Kurdistan Region of Northern Iraq was struck by two explosive-laden drones, local officials said on Thursday, in the latest attack on the region.

While in the past, Iranian-backed militias and Iran’s regime have attacked the Kurdistan Region, it was not initially clear who carried out the attack.

The reports said that the Counter-Terrorism Service of the Kurdistan autonomous region had noted the attack by the drones. Shafaq News in Iraq said that “in a statement, the agency condemned the ‘terrorist’ operation in the Qushtapa district south of the Kurdish capital, saying the strike targeted vital civilian infrastructure that affects the daily lives of residents.”

The attack “caused extensive damage to the building, but no casualties were reported. No party has claimed responsibility so far,” the report said. It also noted that “according to the Kurdistan Regional Government (KRG), 809 drone and missile attacks were recorded across Kurdistan.”

As US-Iran tensions grow, Iraq’s PM travels to Washington

The incident comes as US-Iran tensions have grown in recent days. It also comes as Iraq’s prime minister is expected to visit the US.

It is worth noting that Iran and Iranian-backed militias have continued to target Iraq’s Kurdistan Region in recent months, turning the autonomous region into one of the key fronts in the wider confrontation involving Tehran and its adversaries. The attacks have focused on Kurdish Iranian opposition groups based in northern Iraq, but they have also threatened civilian areas, infrastructure, and broader regional stability.

Since late February, hundreds of drone and missile attacks have struck the Kurdistan Region, according to Kurdish officials and local media.

Many of the attacks have targeted bases belonging to Kurdish Iranian opposition groups such as the Kurdistan Democratic Party of Iran (KDPI), Komala, and the Kurdistan Freedom Party (PAK). Tehran wants to weaken and deter these groups amid tensions with the US and Israel.

The attacks have continued despite a ceasefire between the United States and Iran. Kurdish officials say that Iranian drones and missiles have repeatedly struck opposition camps near Erbil and Sulaimaniyah.

Komala and PAK have reported dozens of attacks on their facilities, while Kurdish media estimates that the Kurdistan Region has endured more than 800 drone and missile attacks since the conflict began, with the strikes resulting in deaths and injuries.

It is not clear yet if this last incident is part of this wider campaign or a different type of attack, as the region has also faced threats from ISIS in the past. The Kurdistan Region is a successful and stable part of Iraq and a key partner of the US.

This post was originally published on here

Nearly 70% of surveyed health plans said providers’ use of AI documentation and coding tools was a top three trend inflating commercial healthcare costs next year, according to a new report from PwC.

This post was originally published here

The Mortgage Bankers Association (MBA) is urging the mortgage industry to develop a unified framework for managing artificial intelligence as lenders increasingly deploy AI tools across origination, servicing and customer engagement.

In a white paper released Wednesday, the association said AI technologies are rapidly becoming embedded throughout the mortgage process, from customer service chatbots and fraud detection systems to underwriting and servicing operations.

The paper argues that while AI offers significant efficiency gains, the industry faces growing uncertainty about regulatory expectations and legal compliance.

The paper, prepared for the MBA by law firm Orrick, Herrington & Sutcliffe, examines how existing federal laws apply to AI-powered mortgage lending and outlines best practices for lenders that adopt the technology. It also provides an up-to-date overview of MBA members’ engagement and implementation around AI use and regulation, while also posing and analyzing key legal questions about the use of AI.

“AI’s assistance with — and, in some cases, performance of — a broader range of mortgage-related tasks raises novel questions about expectations for human involvement with AI models, as well as risk management more broadly,” the report explained.

SAFE Act ambiguity

MBA noted that mortgage companies are increasingly exploring generative AI, predictive AI and agentic AI systems, with many lenders already using AI-powered chatbots to answer simple questions or support servicing functions. But the paper also said that more advanced systems may soon be capable of handling nearly every stage of the mortgage process.

The association noted that while existing laws like the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”) exist to establish a nationwide licensing system and ensure loan originators are subject to regulatory oversight, the act does not answer whether mortgage companies can offer completely human-free loan originations.

“While it does require human MLOs to be licensed or registered (depending on the nature of their employment), the SAFE Act does not require AI tools to have their own MLO license or registration to engage in loan origination activities,” the report reads.

MBA argued that current federal disclosure requirements effectively require lenders to assign a human mortgage originator to every transaction. Under the Truth in Lending Act and Regulation Z, lenders must disclose the name and Nationwide Multistate Licensing System (NMLS) identification number of an individual loan officer associated with the loan.

The report recommends that lenders maintain a “human in the loop” approach, ensuring a licensed mortgage originator remains available to borrowers and participates in some level of oversight, even when AI performs substantial portions of the origination process.

MBA also warned that lenders could face risks under federal and state consumer protection laws if borrowers are led to believe a human loan officer is overseeing their application when the process is handled entirely by AI.

GSE guidance already in place

The white paper comes as regulators and investors have begun to address AI governance. Earlier this year, Freddie Mac updated its seller-servicer guide to include AI and machine learning governance requirements, while Fannie Mae issued guidance calling on lenders to establish policies and procedures that govern AI systems.

MBA said federal policymakers have provided limited guidance on how existing lending and consumer protection laws apply to AI-enabled mortgage processes. To address that uncertainty, the association is advocating for a principles-based AI risk management framework tailored to the mortgage industry. This would include standards for governance, model validation, fair lending tests, explainability, data privacy and vendor oversight.

MBA also encouraged lenders to implement robust testing programs to monitor AI systems for disparate treatment or disparate impact on protected groups and to maintain documentation showing compliance with fair lending requirements. The report identified several risks associated with AI adoption, including potential fair lending violations, bias in automated decision-making, improper steering of borrowers to certain loan products and consumer privacy concerns.

The association said lenders should prepare for evolving regulatory expectations while also engaging with lawmakers and regulators as states consider legislation governing AI use in financial services.

“The rapid adoption of AI across the mortgage industry presents both significant opportunities and complex legal and regulatory challenges,” the report concluded. “The absence of comprehensive federal and state guidance on AI in mortgage lending creates an imperative for the industry to develop and adopt a unified, principles-based risk management framework.”

This article was written by Sarah Wolak and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

This post was originally published on here

US President Donald Trump announced that he had canceled scheduled strikes and bombings against Iran on Thursday night, after a deal with Iran had been agreed upon. 

The deal was approved “both in concept and great detail” by all involved parties, including the US, Israel, Saudi Arabia, the United Arab Emirates, Qatar, and multiple other Middle Eastern countries, Trump wrote. 

The blockade will stay in place until the deal is finalized, Trump added.  

Israel does not recognize reaching an agreement, a senior Israeli official told Channel 12. 

Iran disputes Trump’s claim

IRGC-affiliated Tasnim News Agency wrote that Trump had announced an imminent deal 38 times in the last two months, and that until Iran announces an agreement, any Trump statement should be considered similarly to the past ones. 

Iran’s Fars News Agency cited a source as saying Iran had not yet agreed to any memorandum of understanding with the US. 

Negotiations progressed earlier in week 

Negotiations between the US and Iran progressed late Wednesday night as Qatari envoy Ali Al-Thawadi and Iranian Foreign Minister Abbas Araghchi worked to resolve three key issues that impeded previous proposals, Axios reported on Thursday night. 

The issues included the mechanism for releasing frozen Iranian assets, which Axios wrote was the primary issue for the Iranians, arrangements for reopening the Strait of Hormuz during the 60-day ceasefire period, and how negotiations over Iran’s nuclear program will be conducted during that period, according to the report. 

Sources told Axios that Iranian officials told several countries on Thursday that while an agreement had been approved in principle, Iranian Supreme Leader Mojtaba Khamenei had yet to give final approval. 

Trump announced strikes earlier on Thursday

Trump earlier announced that the US would be striking Iran in a post on Truth Social on Thursday afternoon. 

“At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets,” he added.

Trump said that his preference “has always been” to take Kharg Island, but that he wasn’t sure if “America has the stomach for it,” in a call with Fox also on Thursday. 

Trump also addressed difficulties with negotiations with Iran, specifying that at one point, Iran would not agree not to buy as well as to not develop nuclear weapons, until they were convinced a day later. 

Trump says Kurds were sent weapons, let the US down

Trump told Fox that the Kurds had let the US down after weapons were delivered to be distributed to the Iranian people during the January protests that predated the war. 

When asked for his message to the Iranian people, Trump said that they were scared due to the arms disparity between the IRGC and unarmed protesters. 

“We sent weapons and the Kurds let us down,” Trump said, adding that he had initially been against the plan to send the weapons to the Kurds, believing they would keep them instead of distributing them. 

Notably, The Jerusalem Post reported that early on in the war, Israel had hoped to utilize the Iraqi and Iranian Kurds, who had received weapons from both the CIA and the Mossad, but that Trump had vetoed the operation

Iran’s enemies must accept ceasefire or face ‘decisive’ response, Defense Ministry spokesperson says

Iranian Defense Ministry spokesperson Reza Taleinik said that Iran’s armed forces were at the highest level of readiness, and that Iran’s enemies must accept a ceasefire, on Thursday. 

“Any crossing of the Islamic Republic’s red lines by the enemy will face a decisive, regret-inducing and harsh punitive response,” Taleinik said. 

Iran’s top joint military command, Khatam al-Anbiya Central Headquarters, said on Thursday the United States would receive a more severe response than before if it attacks Iran.

“Considering recent US threats against Iran’s oil infrastructure, either oil and gas exports are for everyone, or they will be available for no one,” the command said in a statement carried by state media, adding the war would become more widespread and extensive, causing insecurity in the region.

Yonah Jeremy Bob and Reuters contributed to this report.

This post was originally published on here

A Toronto Police Service officer was shot and killed Thursday morning while executing a search warrant in relation to a US consulate shooting that has been tied to an Iranian proxy group.

Police Constable Marc Pinizzotto was shot during the operation, and despite the efforts of medical services, the Emergency Task Force officer died at Sunnybrook Hospital.

One suspect related to the death of the 18-year TPS veteran was in the hospital, but an outstanding suspect, 19-year-old Zara Jabbi, was still on the run. Police Chief Myron Demkiw said in a press briefing that Jabbi should be considered armed and dangerous, but wouldn’t detail whether Jabbi was the person who fatally shot 43-year-old Pinizzotto.

TPS remained taciturn regarding the warrant, but Demkiw said that they were investigating a number of shootings, including one against the US consulate. TPS confirmed that this was the March 10 shooting. The warrant in which Pinizzotto fell in the line of duty was one of several warrants executed that morning.

The Toronto Sun reported that the other shootings being investigated as part of the raids were against Greater Toronto Area Synagogues. TPS would not confirm to The Jerusalem Post that synagogue shootings were tied to the warrants.

Iran linked to Toronto synagogue, US consulate shootings

According to allegations made in the criminal complaint against Kataib Hezbollah senior official Mohammad Bagher Saad Dawood al-Saadi, the Iranian proxy commander had orchestrated the March 10 Consulate shooting and an attack on a synagogue in Toronto.

In the complaint, Saadi, working on behalf of the Islamic Regime proxy, told an undercover law enforcement officer that his “people” were behind the two attacks in Canada

No injuries were caused by the early morning US consulate shooting, the Toronto Police Service said at the time, but damage was caused to the building.

March saw three different shooting attacks on Toronto-area synagogues. On March 2, after Purim celebrations ended, there was a shooting at the Temple Emanu-El synagogue, leaving multiple bullet holes in the synagogue’s front windows.

On March 6, shots were fired at the Beth Avraham Yoseph of Toronto (the BAYT), and on March 7 at the Shaarei Shomayim synagogue.

An 18-year-old man was charged with the latter two incidents on May 6, according to the Toronto Police Service and York Regional Police. On May 29, a 17-year-old Waterloo teenager was arrested for his role in the attacks.

A procession escorting Pinizotto from the hospital was set for Thursday.

This is a developing story. 

This post was originally published on here

Israeli firm BlackCore, suspected of interfering in France’s local elections in March, is also suspected of meddling in elections in New York City and Scotland, and operating in Angola and Togo, the head of France’s disinformation detection service Viginum said on Thursday.

Last month, Reuters reported that French authorities suspected BlackCore was behind an online smear campaign targeting three candidates from the hard-left France Unbowed party (LFI) ahead of municipal elections in March this year.

“This modus operandi was not limited to municipal elections in France,” the head of Viginum, Marc-Antoine Brillant, said. “It also appears to have been used to carry out foreign digital interference operations in other countries or regions, such as Angola, Togo, the elections in Scotland, and the 2025 municipal election in New York.”

French election security questions

French authorities opened a probe into the campaign after coming under mounting pressure to provide answers over incidents that raised awkward questions about the security of French elections.

Suspected crimes included foreign espionage, election fraud carried out with false news or fraudulent maneuvers, and online advocacy of terrorism, they said.

The operation under investigation targeted Marseille mayoral candidate Sébastien Delogu, Toulouse contender François Piquemal, and their Roubaix counterpart David Guiraud, according to French authorities and the candidates themselves.

Their party is regularly accused of antisemitism by some Jewish community ‌leaders and political ⁠rivals – claims it denies – while many business figures fret about its high tax-and-spend policies.

This post was originally published on here

Petitions were filed with the High Court of Justice on Thursday against the newly passed law restructuring the Justice Ministry’s Police Investigation Department (known by its Hebrew acronym Mahash), in a case that goes to the heart of who oversees the police – and how independent that oversight will be.

Mahash is the body responsible for investigating suspected criminal offenses by police officers, including cases involving alleged police violence, corruption, abuse of authority, and unlawful use of force at protests. In certain cases, it also investigates suspected offenses by Shin Bet (Israel Security Agency) personnel.

For that reason, the fight over the new law is not only about where Mahash sits on an organizational chart. Opponents argue that the law could affect the public’s ability to trust that complaints against police officers are handled professionally, equally, and without political pressure – particularly in sensitive cases involving demonstrations, elected officials, or law-enforcement officials themselves.

The Knesset passed the amendment to the Police Ordinance late Wednesday night, removing Mahash from the State Attorney’s Office and turning it into a separate unit within the Justice Ministry.

Supporters of the law say that the move is necessary because Mahash’s current placement inside the State Attorney’s Office creates conflicts of interest: prosecutors work closely with police investigators in criminal cases, while Mahash is supposed to investigate police misconduct. They say the reform is intended to make Mahash more independent and effective.

Law solves a conflict, creates a more dangerous one

Opponents argue that the law solves one alleged conflict of interest by creating a more dangerous one. While they agree that Mahash needs reform, they say the coalition’s version exposes the body that investigates police officers to political influence, particularly through the mechanism for appointing and removing its leadership.

That concern was echoed on Thursday morning by State Attorney Amit Aisman, who sent a letter to Mahash employees after the law passed, stressing that the department’s professionalism, independent judgment, and ability to act “without fear or favor” remain essential to public trust in law enforcement.

The Movement for Quality Government filed one of the first petitions against the law, asking the High Court to issue a conditional order requiring the Knesset and the joint Constitution-National Security Committee to explain why the amendment should not be canceled.

Alternatively, the movement asked the court to cancel the provisions governing the appointment and removal of the Mahash director and the newly created official responsible for coordinating police-investigation matters, arguing that these are the clauses that most directly undermine the department’s independence.

The movement also asked for an expedited hearing, saying that practical implementation steps could begin shortly after the law comes into effect.

Keshet Neev contributed to this report.

This post was originally published on here

Senior security officials from the United Arab Emirates and Iran met face-to-face for the first time since the start of the Iran war, Bloomberg reported on Thursday, citing sources with knowledge of the situation. 

The UAE agreed to meet after realizing the regime, which it still considers an enemy, will not be dislodged from power, according to the sources. 

Additionally, the closure of the Strait of Hormuz and the slow pace of negotiations between Iran and the US since the ceasefire began further convinced the UAE to reopen relations, Bloomberg wrote. 

One source told Bloomberg that Iran had been attempting to reestablish high-level talks with the UAE, but that the UAE held off to first ensure that any delegation had a direct line to Iranian Supreme Leader Mojtaba Khamenei

Khamenei’s status has been unclear since the start of the war, with many speculating that he had been injured or incapacitated during the first wave of attacks. 

UAE participated in dozens of strikes against Iran during war

The UAE coordinated with both the US and Israel to conduct dozens of airstrikes against Iran over the course of Operation Roaring Lion, according to a Wall Street Journal report. 

Iran targeted the UAE with over 2,800 missiles and drones, more than were fired at any other country, including Israel.

In return, the UAE cooperated with the US and Israel to strike back at targets, including the islands of Qeshm and Abu Musa in the Strait of Hormuz, Bandar Abbas, and the oil refinery on Lavan Island in the Persian Gulf, according to the WSJ.

UAE President Sheik Mohammed bin Zayed Al Nahyan (MBZ) expressed frustration with neighboring Gulf states, including Saudi Arabia and Qatar, after they refused to coordinate a military response to Iran’s attacks during the war, according to a separate Bloomberg News report.

Iran strikes Gulf states following US strikes

Iran has struck several Gulf nations in the past 48 hours, launching 20 missiles into Jordanian airspace and multiple drones into Kuwait and Bahrain, in retaliation for US strikes, which were in response to a helicopter downed over the Strait of Hormuz. 

This post was originally published on here

In the last few weeks, the IDF has advanced past the Litani River in Lebanon and is now approaching the Zaharani River.

With the Zaharani River only six kilometers away, and Nabatieh only three kilometers away, Hezbollah has become concerned about a new IDF advance and has reinforced those areas.

Some defense officials believe that completely disarming Hezbollah is unrealistic, but that if Hezbollah could be cleared out of Lebanon not only to the Litani River, but all the way up to the Zaharani River, the volume of threats that the Lebanese terror group would be able to fire so as to reach Israel’s northern border villages would shrink dramatically.

In order to make its recent advances, the IDF said that it carried out tricky maneuvers, fooling Hezbollah’s many video cameras, such that the Lebanese terror group expected the IDF to cross the Litani River into the Wadi Saluki and other areas from one direction, and instead the IDF came from another direction.

IDF forces have found a large number of Iranian-level sophisticated tunnels and larger and more dangerous anti-tank weapons in these areas.

The IDF works to neutralize drone threats.

While the IDF has pushed Hezbollah back to reduce its FPV drone threat, the military was asked about the fact that fiber cables for such drones can extend 20-30 kilometers, which would still put northern Israeli villages in range.

The IDF responded that Hezbollah’s effectiveness with drones had depended on using smaller drones, which are harder to see in advance.

In order to attack with fiber cables extending 20-30 kilometers, Hezbollah would need to use larger drones carrying larger batteries, or the drones would run out of power before reaching their target.

Once Hezbollah would need to use larger drones, they would be easier to see and hit in advance, the IDF explained, showing that moving Hezbollah back could force it into difficult tactical choices.

This post was originally published on here

During the first five years of life, more than half the calories a growing child consumes go to fueling the massive construction project inside their cranium. Building a brain — all the neuronal connections that form memories, store language, perceive the world, control bodily movements — is an energy-intensive act of singular creation. The unique architecture of a child’s mind — what defines how they think and feel — is constantly being shaped by the interplay of the surrounding environments and the genetic blueprints spooled inside their developing tissues. 

Scientists have long wondered which aspects of childhood most influence neural development. But it’s only in the last few years that collections of data large enough to start to answer those questions have emerged. Now, after analyzing brain scans from nearly 12,000 9- and 10-year old kids, a group of researchers at Washington University School of Medicine has found that the number one environmental factor influencing brain structure and function — more than IQ, parenting style, or health history — is the socioeconomic status of a child’s family.

Read the rest…

This post was originally published here

In a rare move, nonprofit organization Blood Cancer United announced Thursday it was buying the remaining supplies of Luvelta, a discontinued investigational cancer drug.

As part of the transaction, Blood Cancer United, previously known as the Leukemia & Lymphoma Society, will also acquire the investigational new drug designation and manage the compassionate-use program for children with a rare form of blood cancer, distributing the medication to patients at no cost while supplies last.

Read the rest…

This post was originally published here

At an event in France, an eXp Realty agent who had relocated from Southern California pulled eXp Realty CEO Leo Pareja aside with a warning from the other side of the Atlantic.

“She goes, Leo, let me just tell you how horrible it is to sell real estate here,” Pareja said. “I have to go to eight different weeks, I have to go to the portals like SeLoger and all the other ones, and then I have to go to REMAX and KW and eXp, and that may get me 60% of the inventory, and then I have to call the local offices around the area the client is curious about. They may or may not call me back.”

Her conclusion was blunt: “It feels like 100 years compared to what we have in the U.S.”

For Pareja and NextHome CEO James Dwiggins, that is not just a cautionary tale. It is the future they are trying to avoid as consolidation accelerates, private listings expand and the industry’s long-standing system of shared listing data comes under pressure.

The two executives recently discussed eXp Realty’s acquisition of NextHome on the RealTrending podcast, but the conversation quickly moved beyond deal mechanics. To them, the tie-up is part of a larger fight over consumer access, listing distribution, artificial intelligence and the future structure of brokerage.

Pareja said consolidation in real estate is following a familiar historical pattern.

“If you look at American history, when industries start to consolidate, they tend to not stop, and so consolidation begets consolidation,” he said. “Industries that for decades were fragmented all of a sudden become consolidated.”

He compared the current moment to the airline industry and even the railroad consolidation of the late 1800s. For real estate, he said, the pressure is coming from a combination of national platforms, technology, industry downturns and capital.

For eXp, Pareja said, NextHome offered something different from a pure scale play.

“We were looking for a platform that was synergistic and complimentary, that didn’t cannibalize our business,” he said. “We recruited a total of 28 agents in 2025 away from them, right? So there was almost zero overlap.”

Dwiggins said NextHome’s leadership had reached similar conclusions about where the industry was headed.

“We built this business from the ground up, no investors, from a garage, mortgaged our houses and took all of our savings accounts to create the company,” he said. “We (James and co-CEO Keith Robinson) built this beautiful boutique franchise business.”

But, he added, the market was changing fast.

The private listings war

“We needed protection from a private listings war, which I unfortunately think is here and about to get accelerated,” Dwiggins said.

Private listings were a central concern for both executives. Dwiggins said they have a limited place in the market, but he believes they are being pushed far beyond that.

“I think private listings are a really bad thing for the industry,” he said. “It’s always been, in my opinion, something that should be used in a very small use case.”

He framed the issue around the seller’s interests. “Isn’t our job supposed to be about putting the seller’s interests forward?” Dwiggins said. “Did we forget who we actually work for in this process?”

Pareja said the North American MLS system remains one of the industry’s greatest advantages, especially compared with markets where portals dominate access to inventory.

“What makes North American real estate wonderful is we have MLS, and we also syndicate data to actual competitors that fiercely compete for those positions,” Pareja said. “Creating more distribution of our seller’s listings is better, and like, fight me on that one.”

That belief also underpins eXp’s deal with Google, HouseCanary and ComeHome. Pareja said the arrangement gives the brokerage more control over how its listings are distributed. “The fact that we are the ones sending the data via my state and the relationship with HouseCanary, that actually puts me in control to take it away if they go back on their word or we don’t like the position they take,” he said.

He also said scale matters in a fragmented environment. “NextHome could not have done the Google deal that we did, purely just because they didn’t have enough scale to do it,” Pareja said. “But now that we’re together, we went from 72,000 active listings to 80,000 active listings.”

Is AI a black swan event for the listing ecosystem?

Both executives argued that broader distribution is not only good for sellers, but necessary as search changes. Dwiggins said the home search experience remains outdated. “When you go to portals today, the search experience is basically the same as it’s been for, I don’t know, like 15 or 20 years — bedrooms, bathrooms, and square footage,” he said.

He said buyers want a more intuitive search experience, one that reflects how people actually think about where they want to live. “I want a pool, and I want to have it [on a] north-facing slope, and I want to have this, and I want to have that, and I want it to be this far from my favorite restaurants in downtown,” he said.

Pareja sees AI as a possible “black swan event” for the listing ecosystem. “There is a black swan event, which is that LLMs really get to understand every nook and cranny of any listing available,” he said.

If AI-powered search becomes the default consumer experience, Pareja said, brokerages need to think carefully about positioning. “What puts us in pole position if that statement is true?” he said. “Wouldn’t it be good to give the world’s biggest LLM all of our properties that are actively available for sale in real time?”

Leadership structure is moving too slowly

Still, both leaders said the industry’s leadership structure is moving too slowly. Pareja called it “an abdication of leadership.” Dwiggins was equally direct.

“There are too many unqualified people, and I say that as respectfully as possible, on boards making decisions that they’re not qualified to make,” he said. “That is the problem with organized real estate, from associations to MLSs all the way down.”

For broker-owners and agents, however, both executives said the answer is not to obsess over every technology headline. It is to return to relationships and value.

“In a hyper AI tech focus world, I think the human is going to be at a premium,” Pareja said. “I would obsess with relationships and value, and everything else is noise.”

Dwiggins agreed. “A human connection, I think, is going to be the most important thing to remember in an AI-based world,” he said. “This is an infrequent transaction that people do once every eight to 13 years. It’s not an Amazon package, it’s something that’s scary, it’s expensive.”

For Dwiggins, the industry’s future still rests on a simple question.

“If you wouldn’t do it with the sale of your own home, then don’t do it with other people,” he said.

Listen to the full RealTrending podcast.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

This post was originally published on here

U.S. foreclosure activity continued its gradual annual rise in May 2026 even as filings declined from April, according to ATTOM’s latest Foreclosure Market Report.

The report, released Thursday, found 40,355 properties with foreclosure filings — including default notices, scheduled auctions or bank repossessions. That was down 5% from April but up 14% from May 2025.

Foreclosure starts increased 13% year over year to 27,304, while completed foreclosures — or real estate-owned (REO) properties — rose 6% to 4,092. ATTOM CEO Rob Barber said in the company announcement that elevated mortgage rates, higher homeownership costs and ongoing affordability pressures are contributing to the increase even as foreclosure activity “remains well below historical norms.”

Where foreclosure risk is highest

Nationwide, one in every 3,562 housing units had a foreclosure filing in May. The states with the highest foreclosure rates were:

  • Florida: one in every 2,110 housing units
  • South Carolina: one in every 2,287 units
  • Maryland: one in every 2,369
  • Nevada: one in every 2,386
  • Indiana: one in every 2,516

Among metro areas with at least 2 million residents, Cleveland posted the highest rate, with one filing for every 1,524 housing units. It was followed by Baltimore (one in 1,804); Tampa (one in 1,878); Riverside, California (one in 1,980); and Orlando (one in 2,034).

For mortgage servicers, real estate investors and other market stakeholders, these state and metro-level rates highlight where distressed housing pipelines are thickening and where loss-mitigation or REO disposition resources may need to be rebalanced.

Texas, Florida and California lead in foreclosure starts

Lenders started foreclosures on 27,304 properties in May, down 4% from April but up 13% from a year earlier. The states with the highest number of foreclosure starts were:

  • Texas: 3,590 starts
  • Florida: 3,315 starts
  • California: 2,530 starts
  • Georgia: 1,161 starts
  • Illinois: 1,150 starts

Some midsized metros are moving in the opposite direction. Among markets with at least 200,000 people and at least 20 foreclosure starts, the largest year-over-year drops in May occurred in:

  • Santa Rosa, California (down from 93 starts in May 2025 to 21 in May 2026)
  • Honolulu (68 to 30)
  • Seattle (196 to 99)
  • Visalia, California (39 to 22)
  • Greeley, Colorado (78 to 45)

For lenders and servicers, higher starts in large states like Texas, Florida and California point to growing early-stage distressed pipelines. Conversely, sharp declines in select West Coast markets suggest local labor or affordability dynamics are improving relative to last year.

Completed foreclosures stay above 2025 levels

Lenders repossessed 4,092 properties through completed foreclosures in May, a 20% decline from April but a 6% increase from May 2025. The states with the most REO properties were:

  • Texas: 519 REOs
  • California: 427 REOs
  • Florida: 340 REOs
  • Illinois: 223 REOs
  • Michigan: 222 REOs

Among metros with more than 200,000 residents, the highest REO counts were in:

  • Chicago (204 REOs)
  • Detroit (124)
  • Houston (122)
  • Dallas (88)
  • New York City (84)

Elevated REO totals in large Midwest and Sun Belt markets point to steady inflows of distressed inventory for investors, fix-and-flip operators and single-family rental buyers, although volumes remain far below pre-2008 levels.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication. 

This post was originally published on here

The New York City Council wants to build affordable housing on top of public libraries to ease the current housing crisis. Council Speaker Julie Menin on Thursday called on the Mamdani administration to invest $60 million to support the redevelopment of three initial library sites, one in each of the city’s three public library systems. The plan builds on the city’s existing model of co-locating affordable housing and libraries, including Bensonhurst’s New Utrecht Library, which the city issued a request for proposals for just this week, as well as ongoing projects at Grand Concourse and on the Upper West Side. Similar projects in Sunset Park and Inwood opened in 2023 and 2024, respectively.

Sunset Park Library and Apartments. Credit: Brooklyn Public Library

“For years, New Yorkers have talked about the promise of building housing above libraries, but only a handful of projects have moved forward,” Menin said. “Today, the Council is taking action with a comprehensive plan to unlock deeply affordable housing alongside transformed library facilities across the city.“

“By pairing new library construction with residential development, we can deliver modern community spaces, create new homes for New Yorkers, and maximize the value of public land,” she added. “This is exactly the kind of innovative and proactive thinking our city needs to address both our housing crisis and our infrastructure needs.”

Menin’s proposal calls for funding three initial sites that would pair expanded libraries with affordable housing above them: the Parkchester Branch Library of the New York Public Library (NYPL) in the Bronx, the Marcy Branch Library of the Brooklyn Public Library (BPL), and the Sunnyside Branch Library of the Queens Public Library (QPL).

Three additional sites have been identified for future phases: the Francis Martin Branch Library (NYPL), the Windsor Terrace Branch Library (BPL), and the Lefferts Branch Library (QPL).

According to the New York Times, each project could include about 100 apartments on top of the library, with units priced from about $1,215/month to $2,430/month.

Menin’s proposal builds on a model that has delivered new public facilities across the five boroughs through partnerships with private developers, in which housing and public facilities are constructed as part of a single project.

This approach can significantly reduce costs and speed up delivery compared with traditional standalone public construction projects.

The Sunset Park Library, completed in November 2023, was the first example of this type of affordable housing in the city. Located at 372 51st Street, the aging branch was redeveloped into the Sunset Park Library and Apartments, an eight-story mixed-use building with a new library and 100 percent affordable housing above it.

The Eliza in Inwood. Image courtesy of Molly Stromoski

In June 2024, the Inwood Library was redeveloped into The Eliza, a 14-story building with 174 deeply affordable apartments above a two-level NYPL branch. Designed by Fogarty Finger in collaboration with Andrew Berman Architect, the project was delivered at roughly half the capital cost and in about half the time of a standalone library built through the city’s typical construction process.

According to the Council, the city should prioritize this model when facilities such as libraries, senior centers, and childcare centers are in need of upgrades and are located on sites suitable for housing development.

If capital funding is secured through the budget process, individual sites would move through the city’s standard public development process, including requests for proposals (RFPs) and the Uniform Land Use Review Procedure.

On Wednesday, the city’s Department of Housing Preservation and Development released a request for proposals to transform the New Utrecht Library at 1743 86th Street in Bensonhurst into a modern branch with housing above it. The existing facility has millions of dollars in deferred maintenance needs, and parts of the building are in disrepair.

“The New Utrecht Library has long served as a vital resource—offering a space for learning, connection, and community,” Council Member Alexa Avilés said. “I’m proud to support the City’s partnership with the Brooklyn Public Library to pursue a long-overdue renovation of this beloved institution, alongside the development of new affordable housing in my district.”

“At a time when our city is facing a severe housing crisis and cuts to vital services, this project represents a meaningful step forward,” she added.

The initiative builds on the city’s “Living Libraries” program, which pairs modernized library facilities with affordable housing. Other projects in the program include the Upper West Side’s Bloomingdale Library, which will feature 850 housing units.

RELATED:

The post City Council unveils proposal to build affordable housing on top of libraries first appeared on 6sqft.

This post was originally published here

Citigroup (NYSE:C) is launching a blockchain-based venture letting wealthy and institutional clients trade private company shares alongside public stocks, as Wall Street races to broaden access to pre-IPO names like SpaceX and Anthropic.

Tokenized Depositary Receipts Put Private Shares On The Same Rail As Public Stocks

The venture works through tokenized depositary receipts, securities that let investors buy stakes in private companies and hold them within the same account as public equities, The Wall Street Journal reported on Thursday.

Citi issues and custodies the securities on a blockchain operated by Switzerland-based SIX, with plans to extend to other networks.

“This lets clients put private-company shares essentially right next to their Apple stock,” said Artem Korenyuk, Citi’s global lead for digital assets. 

The venture launched with an initial trade in which wealth clients invested in Kaleido, an institutional tokenization platform. 

It is currently open to …

Full story available on Benzinga.com

This post was originally published here

Bitcoin held above $63,000 as cooler-than-expected inflation data eased concerns over aggressive Federal Reserve tightening, helping lift sentiment across the cryptocurrency market.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $63,577
Ethereum (CRYPTO: ETH) $1,684
Solana (CRYPTO: SOL) $66.54
XRP (CRYPTO: XRP) $1.13
Dogecoin (CRYPTO: DOGE) $0.08609
Shiba Inu (CRYPTO: SHIB) $0.054837

Notable Statistics:

  • Coinglass data shows 119,414 traders were liquidated in the past 24 hours for $303.20 million.       
  • SoSoValue data shows net outflows of $213.9 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net outflows of $35.6 million.
  • In the past …

Full story available on Benzinga.com

This post was originally published here

Florida homeowners didn’t vote for higher property tax bills, but they’re getting them anyway.

A historic wave of in-migration caused the hike.

Gov. Ron DeSantis called lawmakers into a special session last week and pushed through a resolution to put a constitutional amendment before voters in November that would more than quadruple the state’s homestead property tax exemption.

Lawmakers blessed the proposal with modifications to protect school funding.

DeSantis is asking voters to solve the tax bill problem created when companies and employees arrived in droves from high-cost Northeast cities, notably New York City, during the COVID-19 pandemic. The influx overwhelmed existing housing supply and drove up home values for longtime residents.

Even though state and local tax rates barely budged, a protracted period of rising property values ratcheted up tax assessments.

It is not the first time DeSantis has used state power to override local housing decisions. When the migration wave exposed a crippling supply shortage, he signed legislation stripping local governments of zoning control to clear the way for more development targeting workforce housing.

That addressed supply.

But for homeowners already sitting on assessments inflated by the state’s nation-leading pandemic-era domestic in-migration, adding new supply doesn’t amount to property tax relief.

Florida is not alone. Across the Sun Belt — Texas, Georgia, North Carolina, Tennessee, Arizona — the same migration dynamic reshaped housing markets and sent tax bills climbing even where local governments cut rates.

Florida, however, is the first to take the fight directly to voters with a constitutional remedy.

New York adds to the squeeze

If Florida voters approve the amendment, New Yorkers who flocked to the Sunshine State would face higher taxation pressure from both directions.

New York City Mayor Zohran Mamdani proposed a pied-a-terre tax on luxury second homes. Gov. Kathy Hochul pushed the state legislature to pass it into law as part of the state’s new budget just before Memorial Day weekend.

Those who never made Florida their official domicile won’t qualify for the expanded homestead exemption. Local governments scrambling to offset lost revenue may have little choice but to raise rates on non-homestead properties — the homes those part-time Floridians own.

But New Yorkers who made Florida their permanent home could land a property tax break, one offset by holding on to a home in the Big Apple. New Yorkers have long chosen Florida for a vacation home or permanent move, citing the high cost of living in the Northeast.

“The Northeast is expensive to live in because that’s where all the people are,” Gary Bingel, a state and local tax expert with Eisner Advisory Group, a New Jersey-based consulting firm, said in an interview with The Builder’s Daily.

He said moving to Florida is now tantamount to “creating the same problems people are moving away from.”

Florida’s pain by the numbers

Between 2020 and 2022, Florida home prices surged more than 50%, driven largely by buyers relocating from New York — the top source of new Florida residents — along with Georgia and Texas.

Since then, prices have stalled. Florida’s average home value fell 3.7% over the past year as new construction added more supply than the market could absorb. Florida’s in-migration has subsided as housing costs rose.

“The affordability picture has changed in Florida almost more than anywhere else in the country,” Eric Finnigan, vice president of demographics research at John Burns Research & Consulting, told the Wall Street Journal.

Assessed home values haven’t returned to pre-in-migration-surge means. Under Florida’s Save Our Homes recapture rule, assessed values continue climbing by up to 3% annually even when market prices fall — until the two figures converge, according to St. Johns County Property Appraiser Eddie Creamer’s explanation posted on the county’s website.

Most Florida counties held millage rates steady or even lowered them. Marion County commissioners voted in September 2025 to cut the countywide rate. Homeowners there still saw their bills climb.

Tax bills in cities statewide increased an average of about 50% over the past several years.

At a news conference announcing the amendment, DeSantis noted Florida’s economy has grown from $1.1 trillion to $1.85 trillion during his seven years as governor.

“That’s a really significant increase in a seven-year period,” he said. “We’ve done close to $10 billion in tax relief since I became governor.”

He said the rise in home values made property taxes a much bigger burden for millions of Floridians.

“Fortunately, because we’ve had success, we have the ability to do something about it,” he said.

Florida’s amendment goes to voters

DeSantis proposed a broader exemption than what the Legislature passed.

The amendment would replace the current $50,000 homestead exemption with a phased increase — rising to $150,000 in 2027 and $250,000 in 2028 — for homeowners who establish Florida residency on or before Dec. 31, 2026. The relief is reserved for primary residences. Second-home and investment-property owners do not qualify.

The school board levy is carved out entirely, the key concession lawmakers extracted before giving DeSantis his supermajority vote.

New residents arriving after Dec. 31, 2026, receive the existing $50,000 exemption for four years before qualifying for the full break.

The amendment cuts the annual assessment cap on non-homestead commercial properties from 10% to 5% beginning Jan. 1, 2027. It needs 60% voter approval to take effect. Renters — who occupy about a third of Florida’s housing units — get no relief.

New York tightens the vise

Just before Florida lawmakers put the amendment on the ballot, New York passed a budget instituting the pied-a-terre tax on non-primary residences within New York City.

“New York City is the greatest city in the world, and the people who call it home should not be left carrying the burden alone,” Hochul said in a statement announcing the tax.

The law rolls out in two phases. Phase 1 runs from July 1, 2026, through June 30, 2028. It covers one- to three-family homes valued at $5 million or more, and condos and co-op units valued at $1 million or more.

Phase 2 begins July 1, 2028, and runs through June 30, 2031. The threshold for condos and co-ops rises to $5 million, aligning with single-family homes, under a new comparable sales-based valuation method the city must develop.

Tax rates on condos during Phase 1 range from 4% on units valued between $1 million and $3 million to 6.5% on units above $5 million. Single-family home rates range from 0.8% to 1.3% depending on value.

The city’s Department of Finance must notify affected owners by Aug. 30. The measure is projected to generate between $340 million and $500 million annually.

The path forward

New York City’s program is set. Florida’s amendment must be sold to voters.

A dispute has already begun. Cities and counties are questioning how they cover budget gaps for services and infrastructure when their key revenue source shrinks.

“Money has to still come from somewhere,” Bingel said, adding it could mean higher tourism or sales taxes. “It’s not as straightforward as everybody says. There’s always some sort of trade-off.”

Ken Johnson, a real estate professor at the University of Mississippi, told The Builder’s Daily that a national recession presents the greatest risk for the amendment, noting it could “drain state and county coffers to the point that essential services could not be delivered.”

Otherwise, property owners could gain a significant financial benefit.

“But that is a ‘big if’ as recessions are cyclical, and it is not a matter of ‘if’ but rather ‘when’ a recession will hit,” Johnson said.

This post was originally published on here

The federal government’s energy forecasters expect fuel prices to climb sharply this year as the war with Iran keeps oil from flowing freely through the world’s most important shipping lane. The U.S. Energy Information Administration laid out the outlook in its monthly Short-Term Energy Outlook, released June 9.

The agency expects the global oil benchmark, Brent crude, to average around $105 a barrel through June and July, assuming the Strait of Hormuz stays largely closed to shipping in the near term. It projects the wholesale price of gasoline will rise by about 50% in 2026 compared with the agency’s pre-conflict forecast from February, with diesel and jet fuel up more than 60%.

Those are wholesale figures, the prices charged before fuel reaches the corner station, but they flow straight to the pump. Drivers have already felt it. The national average for a gallon of regular gasoline jumped well above $3 this spring as the conflict disrupted oil supplies, and the government’s forecast suggests relief is not coming soon.

The cause traces back to the Strait of Hormuz, a narrow waterway between Iran and Oman that carries roughly a fifth of the world’s oil. The agency assumes shipping through the strait stays effectively closed in the near term, with traffic only beginning to resume in the third quarter of 2026 and not returning to normal until early 2027. Until those flows recover, the world is short of oil, and shortages push prices up.

There is a path back down. Once oil moves through the strait again and producers restore output, the agency expects Brent to fall to an average of $79 a barrel in 2027. But that depends entirely on the war winding down, which remains uncertain after fresh U.S. strikes on Iran this week.

The strain is showing up in America’s emergency reserves. The Strategic Petroleum Reserve, the nation’s backup supply of crude, has been drawn down sharply since the conflict began and is heading toward its lowest level since the early 1980s. That cushion helps soften price spikes, but it cannot be drained indefinitely.

For households, the effect goes far beyond the gas tank. Energy is woven into the price of nearly everything. When fuel costs rise, it costs more to grow food, manufacture goods, and truck them to stores. That is why energy did most of the damage in this week’s inflation report. The Bureau of Labor Statistics said consumer prices rose 4.2% over the past year, the fastest in three years, and that energy alone accounted for more than 60% of the monthly increase.

Small businesses feel it acutely. Delivery companies, contractors, landscapers, and anyone who runs a fleet of vehicles watches fuel costs eat into already thin margins. Many face a hard choice between absorbing the expense or raising prices on customers who are themselves stretched. Farmers face higher costs for diesel and fertilizer, much of which is tied to energy prices, which can ripple forward into grocery bills.

The travel industry is caught too. Airlines just cut their global profit forecast in half, blaming the same jump in fuel costs. Higher pump prices also weigh on summer road trips, a staple of the warm-weather economy, as families recalculate whether the drive is worth it.

The forecast itself carries a clear caveat: it assumes the strait stays disrupted. Energy prices have been less explosive than some feared, in part because traders have found workarounds and quiet routes to keep some oil moving. But the government’s central expectation is for elevated prices to persist through the year, easing only when the conflict does.

For now, the message to consumers and business owners alike is to plan for higher fuel costs through the summer and beyond. The next monthly energy outlook is due July 7, and it will show whether the war, and the prices it is driving, are getting better or worse.

JBizNews Desk — Energy

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

The 137-year-old Carroll Street Bridge in Gowanus will reopen next week after a five-year rehabilitation, with access limited to pedestrians, cyclists, and emergency vehicles. The city’s Department of Transportation on Wednesday announced that the historic 1889 structure—one of just four remaining retractable bridges in the country—will reopen on June 15. The trapezoid-shaped one-lane bridge, closed since 2021, has been locked in an open position throughout the rehabilitation and barred to all vehicular traffic.

The Carroll Street Bridge in 1903. Credit: NYC Department of Records and Information Services

Built for $29,600 by the New Jersey Steel and Iron Company, a subsidiary of Cooper, Hewitt & Company, the Carroll Street Bridge opened in 1889. Spanning 107 feet, the structure consists of two riveted steel plate girders, the shorter of which is counterweighted. It features a wood plank deck with one traffic lane and two bracketed cantilever sidewalks.

A small polygonal brick operator’s house with rounded arches sits on the bridge’s west side. The structure opens and closes like a drawer, rather than lifting vertically or swinging open like many other retractable bridges.

Designated a city landmark in 1987, it is one of just four bridges of its kind remaining in the United States. New York City has another on Borden Avenue in Queens, while Boston has two, neither of which is operable.

The Carroll Street Bridge in 1903. Credit: NYC Department of Records and Information Services

“Our infrastructure tells the story of our city, and the Carroll Street Bridge captures both the maritime industry that built New York and the micromobility that will anchor our sustainable future,” Mayor Zohran Mamdani said. “After five years of careful restoration, the historic bridge will once again connect Brooklyn, this time as a space that belongs to pedestrians, cyclists, and the community first.

“While Gowanus may have changed quite a bit, our neighbors’ love for the landmarks of our city hasn’t, and I am thrilled this rare bridge is up and running and ready to welcome visitors from all over,” he added.

As part of the rehabilitation, crews repaired the bridge’s abutments and approaches and installed a new timber wearing surface. New signage and pavement markings will designate the bridge for pedestrian and cyclist use only, with emergency vehicles the only permitted traffic.

Vintage signage on the bridge also references a century-old statute stating that no “person driving over” the bridge may travel faster than walking speed, with violators subject to a $5 fine. Planters and other elements will further discourage vehicle use.

The Carroll Street bridge in 2013, photo by Steven Pisano on Flickr

Of the four bridges that cross the Gowanus Canal, traffic analyses showed the Carroll Street Bridge was the least used. Traffic counts taken during the project suggested the closure had no measurable effect on vehicle volumes at the other crossings at Union, Third, and Ninth Streets.

“Gowanus has been dramatically transformed in recent years as more and more New Yorkers call the neighborhood home,” DOT Commissioner Mike Flynn said. “As the community becomes more residential, we are pleased that we could preserve this historic bridge while adapting our infrastructure to make it more welcoming to Brooklynites on two feet and two wheels.”

“The newly renovated Carroll Street Bridge, with new restrictions barring truck and vehicular traffic, will help ensure that transition. This humble and restored old beauty of a bridge will endure among the new apartment towers and pedestrian esplanades—and proudly serve Brooklyn for a third century,” he added.

RELATED:

The post Historic Carroll Street Bridge in Gowanus reopens after 5-year renovation first appeared on 6sqft.

This post was originally published here

Glassnode’s weekly on-chain report shows over 95% of short-term Bitcoin (CRYPTO: BTC) holders are underwater, with May buyers down 17% to 19% and no meaningful demand response yet from institutions or corporate treasuries.

Recent Buyers Are Deeply Underwater With No Meaningful Bounce Yet

Glassnode’s Short-Term Holder MVRV, which tracks how much recent buyers are up or down on average, printed 0.81 at its low before recovering slightly to 0.83. 

The $78,000 to $82,000 accumulation cluster built during May is now broadly in loss. Meanwhile, only 3.3% of short-term holder supply is currently in profit against a four-year average of 55%, meaning more than 95% of recent buyers are underwater.

The selling pressure is building but has not hit the extreme that historically marks a true bottom. 

The loss realization indicator sits at -1.86, just one small step away from the -2 level …

Full story available on Benzinga.com

This post was originally published here

British MP Melanie Ward has asked the Charity Commission to investigate thirty-two UK charities that have donated at least £28m to projects in Israeli settlements in the West Bank.

“Funding illegal Israeli settlements is not charitable activity. It is extremist activity,” she said.

Ward, the former chief executive of Medical Aid for Palestinians, has submitted a formal complaint to the Charity Commission regarding the charities, which she said are funding “illegal settlements.”

Ward said that if gift aid were claimed against the donations, as usually occurs, it would mean taxpayers had subsidized these settlements by at least £5m.

When questioned by Ward during Prime Minister’s Question Time on Wednesday, Prime Minister Keir Starmer said: “settlements are a flagrant breach of international law, and no UK charity should be supporting them.”

He confirmed that the Middle East minister met with the Charity Commission to discuss the concerns.

“British businesses should have no involvement with illegal settlements,” he concluded.

In Ward’s letter to the Charity Commission, as reported by the Guardian, she provided the specific examples of Kasner Charitable Trust (KCT) and UK Toremet. KCT is said to have donated about £5.7m to the Bnei Akiva Yeshiva high school in Susya, in the  West Bank, and UK Toremet donated £38,479 to Regavim, an NGO sanctioned this week by the UK.

Multiple countries launch coordinated West Bank sanctions

On Tuesday, Australia, Canada, France, Norway, New Zealand, and the United Kingdom imposed coordinated sanctions on West Bank individuals they accuse of “horrific abuses against Palestinian civilians.”

The ministers’ statements – although with different wording – all condemn extremist settler violence in the West Bank. They accuse this phenomenon of driving forced displacement of Palestinian communities and undermining the viability of a two-state solution, as well as broader regional peace and security.

The UK is specifically imposing sanctions on six entities and one individual involved in “financing, enabling and carrying out settler violence in the occupied West Bank,” and Canada is listing two individuals and five entities.

Those designated individuals and entities will face asset freezes and possibly travel bans and Director Disqualifications.

This post was originally published on here

Women in the Islamic Republic have been forced to sell their hair as a means to survive, experts explained to The Jerusalem Post on Thursday, days after Armenia announced it had thwarted a hair smuggling attempt from Iran.

Earlier this week, Armenian customs officials found 143 bundles of natural hair, weighing 26 kg, in a truck coming in from Iran through the Agarak checkpoint.

The State Revenue Committee of the Republic of Armenia confirmed in a statement that the hair was located in the driver’s carriage, hidden in pillows.

“An attempt to illegally import natural hair was prevented, and the one found was confiscated. Employees of the Customs Service and Control Department at the land crossing points of the State Border drew up a protocol on violation of customs rules in accordance with Article 316 of the ‘Law on Customs Regulation’ against an Iranian citizen,” the committee confirmed in a statement.

Acknowledging that attempts to smuggle hair into Armenia have become more frequent, the committee confirmed that since January, there were 11 separate attempts to smuggle a total of 621 bundles, or 135.7 kg, of natural hair across the state border.

Women driven to sell their hair

While many Iranian activists have speculated that the hair came from some of the tens of thousands of protesters killed during the January demonstrations, according to figures published by human rights organizations, former Iran International security director Roger Macmillan said he believes it is more likely the hair came from women driven by economic desperation to sell it.

An informed source explained that such activities have been witnessed during previous periods of economic turmoil.

With the enforced disappearances, secret executions, and the Islamic regime’s refusal to return bodies to loved ones, rumors have periodically circulated about the Islamic regime’s mistreatment of Iranians.

Macmillan explained that during periods of severe economic hardship, it is not uncommon for women to sell their hair to earn money. With the Islamic Republic grappling with the ongoing war, a blockade of the Strait of Hormuz, financial sanctions, and environmental crises such as drought and Moroccan locust infestations, he said it was unsurprising that many Iranians had reached that point of desperation.

Food prices in Iran have risen 130% over the past year, according to The Telegraph, with staple items far exceeding the average rise. The cost of rice is up 223%, chicken 287%, eggs 343%, liquid cooking oil 354%, and solid cooking oil 431%.

Already a problem in Iran before

Both Rokna News website and Khabar Online reported last year on Iran’s growing hair trade, publishing in April that women were being offered between two million and 100 million tomans for their locks, depending on the hair’s length and previous treatment.

Iranian media also reported in 2023 that some Iranians had been forced to sell their kidneys, livers, corneas, bone marrow, sperm, and ova as a means to escape poverty.

“The Islamic Republic of Iran, through many years of economic mismanagement and through the brutality, which has caused sanctions to be placed upon them, and it has actually resulted in their doing harm to their own people,” Macmillan concluded, commenting on the ongoing “tragedy” that the Iranian people are suffering the consequences for a regime they never elected. 

This post was originally published on here

The government approved on Thursday approximately NIS 4 billion to develop communities in northern Israel, as Prime Minister Benjamin Netanyahu vowed that the country would restore security to the area, which has been under ongoing threat from Hezbollah.

The decision comes as local northern authority leaders have sharply criticized the government for failing to provide adequate support and aid to residents amid the ongoing security threat.

Netanyahu announced the plan’s approval at the government meeting that was held in the northern city of Nof HaGalil.

During his remarks at the meeting, Netanyahu said that Israel was “striking Hezbollah, eliminating hundreds of terrorists every week.”

Netanyahu noted that there were still additional challenges the country was dealing with.

“A particular challenge is drones. We are working on that,” he said. 

He vowed that the government would restore security to the North, “just as we did the South.”

Government plans to develop northern Israel

The government’s approved plan will focus primarily on the cities of Safed, Acre, Nof HaGalil, Nazareth, Afula, Tiberias, and Karmiel. The plan spans the years 2026-2030.

The stated goal of the plan was to provide residents of the Galilee with a comprehensive framework of services and incentives aimed at attracting new residents. 

The measures are said to focus on education, healthcare, personal security, and the development of  resilience centers  to strengthen the communities and “transform them into regional hubs serving northern Israel as a whole.”

The plan includes developing housing and economic incentives in the area. It is also said to be focused on creating employment opportunities in jobs relating to hi-tech.

Other sections of the plan focus on developing tourism and transportation in the area.

Following the approval, Netanyahu said, “Through a joint effort, we are bringing a massive package to the core cities.”

“We are giving them a major boost and significant additional resources that will provide momentum and development. This is our vision. Everyone understands that this is a sacred national mission, a top national priority,” Netanyahu said. 

“I love the Galilee. It is an integral part of our homeland, which we must preserve and develop. We will restore security to the North and enable it to prosper more than ever before,” he added.

Finance Minister Bezalel Smotrich said following the approval of the plan that “we are not merely rebuilding the North; we are constructing a new and promising future for it.”

“The enormous investment of approximately NIS 21 billion that we are leading together is intended to transform the Galilee into a national growth engine, with high-quality employment opportunities, advanced public services, and infrastructure that will attract new families to settle, grow, and thrive here,” he added.

Last week, the government approved a separate plan for aid to communities on the northern border that totaled approximately NIS 18 billion. The Prime Minister’s Office stated that government decisions for the North amounted to approximately NIS 22 billion.

Northern authorities point out government neglect

Local northern authority heads have spoken about government neglect and criticized the moves.

Kiryat Shmona Mayor Avichai Stern last week sharply criticized the plans being advanced by the government, explaining that the northern border communities were in urgent need of aid now and that broad plans were not enough to help.

He argued that while long-term projects were important, “you cannot build tomorrow while our present is falling apart.”

Stern said that the government had made many promises that the northern city has not yet seen the results of.

“We received promises for buildings and roads that will only be felt in a few years, while businesses are collapsing now, and our children are suffering from war trauma in real time.”

Stern added that there has been no response to residents’ financial needs.

“We did not receive immediate significant tax relief, no full exemption from municipal taxes, as was given in the South, or immediate budgets for protection and education,” he stated.

“Distributing resources across the 0-9 km range without absolute and exclusive prioritization of the communities on the border removes the incentive for families and factories to specifically come to Kiryat Shmona,” he noted. 

“The 2030 vision is excellent, but the patient is bleeding on the operating table right now. Give us the tools to fight for our home today, so that we will have a home to return to tomorrow,” he said.

Last week, the Knesset approved tax benefits for settlements in the West Bank. While northern border communities were temporarily added to the proposal, they were subsequently removed, which led to sharp criticism from opposition lawmakers. 

Communities along the northern border were already severely affected following the October 7 massacre and throughout the ensuing Israel-Hamas War.

During that period, hundreds of thousands of residents were forced to leave their homes as the area came under sustained rocket fire. The area had not recovered from that earlier damage when Operation Roaring Lion began in February.

This post was originally published on here

American employers added 172,000 jobs in May and the unemployment rate held at 4.3%, the Bureau of Labor Statistics reported Friday, June 5. The number came in well above what economists had expected and pointed to a job market that is still growing, even as one major industry keeps shedding workers.

The hiring was concentrated in a few areas. Job gains occurred in leisure and hospitality, local government, and health care, while employment in financial activities declined. The mix matters. Restaurants, hotels, hospitals, and local agencies are doing the hiring, while higher-paying office and finance roles are flat or shrinking.

The headline figure beat forecasts handily. Economists had penciled in around 85,000 new jobs, so 172,000 was more than double the estimate. Annual wage growth came in at about 3.4%, roughly in line with expectations and still ahead of where it stood a year ago.

But the report carried a clear warning underneath the strong top line. Technology companies are cutting jobs at a steady clip, and many are blaming artificial intelligence. U.S.-based employers announced 97,006 job cuts in May, about 39% of them in the technology sector, according to the outplacement firm Challenger, Gray & Christmas.

That is the tension running through the labor market right now. The broad economy keeps adding jobs in services and government, while tech firms trim their ranks and lean on automation to do more with fewer people. For now, the service-sector hiring is winning, which is why the overall numbers still look healthy. The worry is whether AI-driven cuts spread to other industries over time.

There were softer spots too. The number of long-term unemployed, those out of work for 27 weeks or more, held at 2.0 million and accounted for 27.5% of all unemployed people. That figure is up by more than half a million over the year, a sign that people who lose jobs are taking longer to find new ones. The labor force participation rate held at 61.8%.

The strong report reshaped expectations at the Federal Reserve. With hiring this solid and inflation running hot, the case for cutting interest rates this year largely evaporated. Markets now lean toward the Fed holding rates steady, with some traders betting on an increase before December. For the central bank under Chair Kevin Warsh, a sturdy job market removes any urgency to ease, especially with prices still climbing.

For everyday workers, the picture is mixed in a familiar way. If you work in services, health care, or local government, hiring is steady and your job looks secure. If you work in technology, the ground is shakier, as companies cut staff and reorganize around AI tools. And if you are unemployed and searching, the rising long-term jobless figure is a caution that landing the next role can take a while.

For employers, the report reinforces a careful, selective approach to hiring. Companies are adding workers where they need them, particularly in customer-facing and care roles that are hard to automate, while holding back in areas where software can pick up the slack. Small businesses in hospitality and health care, the very sectors that drove May’s gains, remain on the hunt for staff even as the giants of Silicon Valley downsize.

The next employment report, covering June, is scheduled for release on Thursday, July 2. It will show whether the war with Iran and the jump in energy prices have begun to dent hiring, or whether the job market’s quiet strength holds for another month.

JBizNews Desk — Labor & Employment

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

NEW YORK — Health care AI company Abridge on Thursday announced new deals with two trillion-dollar companies, pharma giant Eli Lilly and chip-maker Nvidia, as it aims to gain an edge in the competitive market that supports doctors and streamlines hospital billing and operations.

Draped head-to-toe in black, on a day forecast to be in the 90s, Abridge CEO Shiv Rao announced that Eli Lilly would make a strategic investment in the company. Abridge also announced a new partnership with Nvidia to develop “the first foundation model purpose-built for clinical conversations,” according to a release.

Abridge has disclosed nearly $800 million in funding and was most recently valued at over $5 billion. The company gained huge momentum for its ambient scribe that can listen to a conversation between a doctor and patient and draft a clinical note. The AI scribe technology has gained momentum, especially thanks to its ability to help health systems bill for services more efficiently and comprehensively. 

Continue to STAT+ to read the full story…

This post was originally published here

A new research report from Alloy Advisors finds that a typical $400,000 home sale in the U.S. generates about $39,660 in transaction costs, with real estate commissions making up the majority of the friction. According to the report, AI is poised to accelerate downward pressure on the traditional 5%-plus commission model.

In “The Home Sale Transaction, Reconsidered,” authors Amit Kulkarni and Russ Cofano of Alloy Advisors, dissect the economics of a standard U.S. resale transaction in 2025 and argue that the current real estate commission structure is misaligned with the actual value delivered.

Using a $400,000 sale as a benchmark, the authors estimate a combined $39,660 in “hard” transaction costs — about 9.92% of the sale price — flowing to third parties, based on national averages and cross-market data. Sellers bear about three-quarters of that total, or $30,200, while buyers pay roughly $9,460 at closing beyond their down payment.

According to Kulkarni and Cofano, for housing professionals, the findings of the report present both a margin risk and a competitive opening: AI-enabled consumers will be able to see, question and negotiate specific line items in ways that were not possible even a few years ago.

“The real estate industry thinks that AI is just here to serve the industry and real estate professionals, but that is not the case,” Kulkarni told HousingWire. “AI is here to serve whoever wants to use it and that could mean a variety of different things for different industries, but when it comes to the real estate transaction, I think it will mean that consumers will soon find it overpriced.” 

For Kulkarni, AI is putting a point on the cost of transacting real estate as it is becoming clearer the value the human being can provide and the value AI provides. 

Commissions dominate the friction

According to the analysis, real estate commissions account for $23,000 of the $39,660 in total costs on the sample transaction — 5.75% of the sale price and 76% of all seller-paid friction. The remaining $16,660 is taken up by things like transfer taxes, owner’s title insurance, settlement fees, loan origination fees, underwriting fees, appraisals and home inspections. Additionally, the analysis argues that embedded in an agent’s commission is a “platform tax,” which it attributes to portal referral programs and MLS fees that rarely appear as standalone charges to consumers.

Post-settlement commissions have not fallen

The report directly addresses expectations that the National Association of Realtors’ (NAR) commission lawsuit settlement would compress real estate commission rates. Citing data from Clever Real Estate and Redfin, the authors note that the national average commission rose to 5.44% in mid-2025, up from 5.32% the prior year. Additionally a HousingWire survey from April 2025, found that 58.8% of agents said their buy-side commissions had not changed since the settlement went into effect in August 2024, while 11.76% reported that their commissions had increased. 

According to the report, there are several structural reasons why commission rates have not changed, including that the business practice changes did not remove seller-paid buyer commissions in practice, that 13 states and Washington, D.C., effectively ban à la carte brokerage services and the system is structured in a way that only compensates agents when a deal closes. 

Kulkarni and Cofano write in the report that these factors help explain why overall commission levels have been sticky despite significant legal and regulatory change — and why simple disclosure shifts may not be enough to move the national average.

What the agent’s work is actually worth

A central thesis of the paper is that most of the tasks historically bundled into a 3% listing commission have been commoditized by software and AI, while the remaining “human core” of the job does not scale with home price. The report separates agent tasks into two tiers:

  • Tier 1 – AI-compressed tasks: Comparative market analyses, MLS entry, listing descriptions, offer modeling, transaction coordination and basic disclosure checks. Pre-AI, the report pegs their combined market value at roughly $1,500 to $3,500 per listing. With modern tools, the authors estimate the marginal cost of these services has fallen close to zero for a competent AI user, aside from $10 to $30 per deal for workflow software.
  • Tier 2 – Human-value tasks: Skilled negotiation execution, emotional coaching, on-site judgment, hyperlocal knowledge and licensed fiduciary accountability. Using comparable professional service benchmarks, Alloy Advisors estimates this “human core” is worth roughly $2,000 to $6,500 per transaction, regardless of home price.

By comparison, a 3% listing commission on a $400,000 property is $12,000, and on a $1.5 million property it is $45,000, even though the underlying Tier 2 work does not increase proportionally.

Where agents continue to bring value 

According to Cofano and Kulkarni, the commission model’s indifference to skill is the heart of the problem, as consumers cannot reliably distinguish a top-decile agent from a median one before signing a contract with one, yet both typically charge the same percentage rate.

For agents, teams and brokerages, the implication is that sustained premium pricing will increasingly require demonstrable performance on the specific tasks where human skill still moves outcomes — particularly negotiation and local market insight — as AI not only automates more tasks for agents, but provides consumers with more information. 

“The more AI is used by consumers and the more information about a transaction it can provide them, becoming a real legitimate tool for them to process information as opposed to the human hand they are holding through the transaction. For the industry to not expect that to impact the fundamental economics of this, is just fantasy,” Cofano said. 

The report cites Realtor.com research from 2025, that shows that about 82% of active or potential buyers and sellers reported using AI for housing insights and respondents rated agents and AI nearly evenly on which source made them “smarter” about the market, with agents still perceived as more accurate overall. However, a YouGov survey from December 2025 cited in the paper found that 65% of Americans trust AI to compare prices on major purchases, including homes, but only 14% expressed trust in AI to act on their behalf in such decisions.

This level of information trust, according to Kulkarni and Cofano, is sufficient to put downward pressure on real estate commissions and other fees because AI can evaluate proposed terms, line items and alternatives in real time. 

“Whether they like it or not, these things are happening and they will have an impact on the structure of the business, the compensation of the business, how services are delivered and what services need to be delivered,” Kulkarni said. “Folks need to understand that this is not going to be the status quo. Things are going to change now that consumers are empowered with these tools.” 

Change is afoot 

For housing professionals, the authors say the takeaway is that near-term competitive pressure will come from AI-assisted consumers and new pricing options, long before large-scale regulatory overhaul or pure AI listing platforms reshape the landscape.

“People have always said they wanted a better way to transact real estate, but there really has not been a viable alternative that allows them to do it, but this is an actual viable alternative,” Cofano said. “There are consumers buying and selling just with the help of AI now — it’s still on the edges, but it could eventually become mainstream.” 

For agents, Alloy Advisors said this means they will have to work hard to hone the skills that support tasks AI is not suited to do, such as mentally supporting consumers through what can be an emotionally charged process and negotiating on behalf of their clients. 

“There is a reason consumers dislike buying cars and it is because, for most consumers, the stress around negotiating on their own behalf is something that’s very unpleasant and they’re not good at it,” Cofano said. “So, it is important to highlight here that we believe that the role of the agent as active negotiator and trust companion in the transaction plays a meaningful role and is worth money. And I don’t think that is going away anytime soon.” 

Alloy Advisors hopes this serves as a wake up call for agents and brokers to begin thinking about what their business will look like in an AI-forward world. 

Regardless of exactly what that world will look like, Cofano and Kulkarni agree that the “great agent will win.”

“Great agents win because they put the consumer at the heart of their business. They generally do what is right for the person that they are actually serving and who is paying money,” Kulkarni said. “For brokers this means that many may need to pivot their model to put the consumer at the center and find ways to help the agent better serve this new well-informed consumer.”

This article was written by Brooklee Han and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

This post was originally published on here

Qualia has launched Qualia Clear Essentials, a new artificial intelligence (AI) feature suite available at no additional cost to users of its Core platform — as the company seeks to broaden AI adoption among title and escrow professionals.

While AI tools have become more common, many title and escrow firms remain uncertain about how to implement the technology effectively within their existing workflows.

Qualia CEO Nate Baker said the company believes that hesitation is becoming increasingly difficult for businesses to afford.

“I think the single most important thing happening in the world right now is AI getting better very quickly,” Baker told HousingWire. “Every company, every title company needs to answer the question of, ‘Next month, when AI gets better, how does that instantly cause my business to be better?’

“If you can’t answer that question, you’re going to be on the losing end of AI.”

Qualia Clear Essentials is built directly into the company’s Core platform and includes three primary tools at launch — the Qualia Clear Support Assistant, the AI Order Opener and the CD Processor.

The company is introducing Clear Essentials less than a year after launching Qualia Clear, a broader AI platform designed to automate workflows and perform tasks within transaction files.

According to Baker, Clear Essentials is intended to help companies become comfortable using AI before adopting more advanced capabilities.

“I think that a lot of people hear about AI, and they’re afraid of it,” Baker said. “They’re afraid that it’s going to take their job or replace them, but our view is that AI is going to amplify people and make people far more effective and provide a much better service to people who are buying and selling homes.”

He described the new offering as “a smooth on ramp” for organizations that have not yet incorporated AI into day-to-day operations.

Support functionality

The Support Assistant functions as an AI-powered chat tool that can answer questions about transactions, platform usage and operational issues — accessing information tied to specific files within the Qualia system.

Baker said the assistant is being used for everything from troubleshooting balancing issues to helping employees learn the platform.

“One thing that’s interesting is I expected that this would reduce the number of support tickets that we received from our customers,” he said. “What we’re seeing is that clients are asking Clear Essentials 10 times-plus more support questions.”

The trend suggests employees often need assistance throughout the day but may be reluctant to interrupt managers or contact support teams for smaller questions, Baker added.

Automation benefits

Two additional tools included in the launch focus on reducing repetitive administrative work.

The AI Order Opener extracts information from purchase and refinance contracts and automatically populates order information within the platform.

Users review and approve the information before proceeding.

Baker said the process addresses one of the most time-consuming tasks in title operations.

“Opening an order takes 30 minutes to an hour for the average title company, and you do that on every transaction,” he said. “This just does that entire process. In the last day, I’ve heard many anecdotes from customers saying, ‘This is the best feature you’ve ever launched,’ because they hadn’t been familiar with Clear or with AI.”

The CD Processor is designed to analyze lender closing disclosures, import charges into files and identify discrepancies between lender documents and information already contained in the transaction record.

“It’s a tedious process of identifying differences in documents, and it’s error prone,” Baker said. “That super tedious process of staring and comparing is just automated at this point. Reducing time spent reviewing documents could allow employees to focus more on communicating with homebuyers and sellers — to explain what’s different or why the transaction is happening this way.”

Data protection, future development

Baker said nothing changes with customer and consumer information confidentiality.

“The consumer data is bound by all the same confidentiality that we already have with our customers and with the platform,” he said. “Additionally, we’re reviewing the answers that it is providing to make sure there’s a human in the loop that’s getting it right.”

Looking ahead, Baker said Clear Essentials will continue to evolve as AI capabilities advance.

“I think Clear Essentials is going to be a rapidly changing and evolving product,” he said. “[That could include] core types of documents, more actions, more integration with email.”

For Qualia, the launch reflects a broader belief that AI is becoming a necessity rather than an optional technology investment.

“Maybe a year ago it was optional as a title company to use AI, and today it is a requirement,” Baker said. “If you are not using AI in your business, you will not be competitive today — and you will not be competitive in 12 months.”

This post was originally published on here

As reverse mortgage lenders and servicers find innovative ways to incorporate artificial intelligence (AI) into their operations, compliance issues are likely to pop up.

Jim Brodsky, a founding member of Washington, D.C.-based law firm Weiner Brodsky Kider PC, says that AI should be categorized as an assistant but not a replacement for humans. Licensed mortgage originators and companies that delegate work to AI must be in control of the process as legal and operational challenges can follow if the relationship is inverted.

Brodsky delivered his message to attendees at this week’s Western Regional Meeting of the National Reverse Mortgage Lenders Association. As general counsel to NRMLA and its 300 member companies, Brodsky said that companywide policy adoption and partnerships with knowledgeable vendors are essential to staying out of hot water.

“If AI is not introduced in your company on an enterprise-wide basis … you’re going to have issues. It’s just inevitable,” Brodsky said. “The choice among providers requires a level of understanding of our business that some have and some don’t, and that’s a critical choice as well.

“When this is done right, it’s going to offer compliance and increased productivity opportunities for lenders and institutions … a force multiplier.”

Existing laws that apply to AI communications

Brodsky’s presentation touched on the federal Telephone Consumer Protection Act (TCPA) and its application to AI voice assistants used for inbound or outbound calls. He said that consumers must express prior consent before companies can initiate contact while noting exceptions for established business relationships that are active within the past 18 months. But exceptions do not extend to affiliate companies.

The National Do Not Call Registry, maintained by the Federal Trade Commission (FTC), also applies to AI-driven communications — i.e., “do not call means do not chat,” according to Brodsky. All outgoing communications, whether conducted by a human or technology, must identify the caller and provide contact information.

Unfair, deceptive or abuse acts or practices (UDAAP) — which were established under the Dodd-Frank Act and enforced by the FTC and the Consumer Financial Protection Bureau (CFPB) — also apply. Consumers must be notified upfront whenever a lender or servicer chooses to interact with them using AI, whether it’s inbound or outbound calls. They also must be provided an easy and accessible way to opt out of the AI interaction and speak with a human representative instead. Brodsky stressed that making it difficult for customers to reach a real person creates potential liability under UDAAP.

When it comes to privacy and security tied to the information received by AI, the Gramm-Leach-Bliley Act of 1999 applies. It states that companies must know where consumer data is stored, how it’s used and who controls it.

“That data is now absorbed in the learning facility of the AI as it’s learning from that data,” Brodsky explained. “Where does it go? Where does it stay? You need to be very robust there.”

Loan officers that use AI for marketing, application or processing tasks should remember that their bots aren’t licensed at the state or federal levels. Brodsky said they should ensure their technology identifies a human LO by name and includes their Nationwide Multistate Licensing System (NMLS) number so consumers know a credential person is in charge.

“Those licensing requirements still envision having you, a licensed natural person and a real company, be responsible to do the tasks,” he said.

Colorado law could provide a template

Lastly, Brodsky mentioned a state-level law that’s set to take effect Jan. 1, 2027. Colorado’s Automated Decision-Making Technology Act repeals similar legislation that was passed in 2024 and slated for adoption in February 2026.

Brodsky said the statute creates a framework for AI regulations across the financial services industry and is likely to serves as guidance for other states. For mortgage lenders, it applies to “consequential decisions” around credit access and eligibility.

Technology developers have obligations under the law to disclose the intended uses and classify the data that’s training their tools. They also must provide any known limitations and risks along with instructions for human oversight.

Lenders that deploy the tools must inform consumers that AI is being used to make credit decisions. If a loan applicant is rejected, they must explain the reasoning reached by AI and offer “meaningful human review and reconsideration,” according to Brodsky.

This post was originally published on here

When most people think of major stock market indexes, their minds go to the S&P 500, Nasdaq Composite, or Dow Jones because they’re the “Big 3.” One index that often flies under the radar is the Russell 2000, which tracks the smallest 2,000 companies in the Russell 3000 index.

The Russell 2000 is to small-cap stocks what the S&P 500 is to large-cap stocks, and so far this year, ETFs like the Vanguard Russell 2000 ETF have outperformed all of the “Big 3” indexes. If you have $1,000 available to invest, it could be a great addition to your portfolio for the long haul.

Investing in small-cap stocks – which are typically categorized as companies with market caps between $250 million and $2 billion – is generally a higher risk/reward trade-off than investing in larger companies.

ETF ASSETS ARE SURGING. HERE’S HOW THEY DIFFER FROM MUTUAL FUNDS

On one hand, their small sizes usually mean they’re more susceptible to broader market and economic conditions (like interest rates) and are more volatile. On the other hand, their small size leaves much more room for growth. It doesn’t always play out this way, but in theory, it’s much easier to double a valuation from $500 million to $1 billion than from $500 billion to $1 trillion.

HOW ETFS CAN BE EFFECTIVE BUILDING BLOCKS FOR RETIREES

Small cap doesn’t always mean a new, start-up-like company, either. It can be a well-established company operating in a niche. In either case, VTWO gives you access to 1,957 small-cap stocks from every major sector. It’s a true one-stop shop for small-cap stocks.

Through market close on June 5, VTWO is up 13.2%, marking one of its best starts to a year in a while. And although its gains this year are impressive, it’s important to zoom out and look at longer-term performance as well. Here is how VTWO has performed over the years compared to the “Big 3” indexes:

Source: YCharts. Table by author. Year-to-date returns based on market close on June 5.

ETFS VS MUTUAL FUNDS IN 2026: WHICH IS RIGHT FOR YOUR PORTFOLIO?

VTWO’s underperformance over the years doesn’t quite scream “invest in me,” but its main goal is diversification and covering more ground, rather than having the bulk of your returns rely on a handful of tech giants like the “Magnificent Seven” stocks.

I wouldn’t make VTWO the bulk of your portfolio (aim for less than 10%), but having some exposure is a great way to tap into growth potential while also setting your portfolio up to have a winner during times when small-cap stocks usually outperform the market (like now). If you think big tech is due for a pullback, now is a good time to add some of the little guys to your portfolio.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Stefon Walters has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

This post was originally published here

Prominent crypto analyst Capo remains bullish on Bitcoin (CRYPTO: BTC), arguing that current market conditions resemble an accumulation phase rather than the start of a deeper collapse.

“This Is Not Time To Sell, But To Buy”

In a June 11 market update, Capo acknowledged that his bullish thesis has not played out yet but maintained that his broader outlook remains unchanged.

The analyst noted that high-timeframe market calls often take longer to develop and that timing is frequently the most difficult part of macro investing.

Despite Bitcoin’s weakness, Capo continues to view the current area as a major support zone, as in February.

He also …

Full story available on Benzinga.com

This post was originally published here

Ultra-Orthodox draft protesters shut down multiple highways and train routes, causing immense traffic in Israel for over two hours on Thursday. 

Two people were injured in the protests: one 21-year-old haredi protester who was hit by a car on Highway 1, and one 93-year-old man whose reasons for being injured have yet to be released. 

Footage on social media showed several haredi youths at different sites of protest getting into physical altercations with drivers and Israel Police officers. 

The windshield of Transportation Minister Miri Regev’s spokesperson was smashed in one such altercation. 

Police had shut down Highway 4 south of Ramat Gan earlier on Thursday and blocked off the area from Shiva Interchange to Mosavim.  Later, protesters blocked Highway 1 near the Ganot Interchange and Highway 6 near the Ben Shemen Interchange, west of Ben-Gurion Airport.

Multiple reports emerged of protesters blocking trains in central Israel. Ben-Gurion Airport employees reported chaos at the airport after train service was suspended in both directions. 

Highways 34 and 25 near Netivot were also blocked, causing more traffic in central Israel. 

Haredi protesters fight civilians, make traffic stand still in Israel 

Haredi protesters clash with civilians on Highway 6 on June 11, 2026. (credit: Section 27a of the Copyright Act.)

“At Savidor, the trains are frozen. One train that was supposed to travel to Jerusalem got diverted back, and passengers were forced to disembark,” one witness told The Jerusalem Post. 

“The Savidor Station is crowded with people either leaving the station or waiting, with little information about when the trains may be up again.”

“It’s complete chaos, a handful of fringe protesters have brought the country to a halt, and police seem to just be letting it happen,” a second witness, who claimed to have waited as Tel Aviv’s Savidor Station for over an hour and a half, told the Post

Another witness was stuck at Ben-Gurion Airport for over an hour. He said that cheers emerged when employees announced over the loudspeaker that trains would resume shortly. 

Airport in chaos after haredi protesters stop train traffic 

The Israel Airports Authority warned on Thursday that protests near Ben-Gurion Airport are expected to cause traffic congestion and delays, and recommended that passengers and airport staff use the train to reach the airport. 

According to a statement posted on X/Twitter, the Airport Authority said it is “prepared to maintain the operational continuity of Ben-Gurion Airport and the continuation of regular aviation activity,” adding that operations are expected to continue as scheduled.

This comes after the Knesset advanced a bill to give draft evaders the same rights as IDF soldiers.

Traffic is expected to be further strained by concerts by Omer Adam in Ramat Gan, Ben Tzur at the Moshava Stadium in Petah Tikva, and Eyal Golan at Bloomfield Stadium in Tel Aviv on Thursday night.

This post was originally published on here

The world’s airlines expect to earn roughly half as much this year as they did last year, dragged down by a surge in jet fuel prices tied to the war with Iran. The International Air Transport Association, the industry’s main trade group, delivered the downgrade Sunday, June 7, at its annual meeting in Rio de Janeiro.

Airlines will bring in a combined net profit of $23 billion in 2026, down from a previously projected $41 billion and below the $45 billion they earned in 2025, the group said. Profit margins are expected to thin from 4.2% to 2.0%, meaning carriers will keep just two cents of every dollar in sales.

The cause is fuel. The group expects average jet fuel prices to run 70% higher than last year, adding about $100 billion to the industry’s collective fuel bill. Oil prices jumped after the U.S.-Iran conflict began in late February and disrupted shipping through the Strait of Hormuz, the chokepoint that handles a large share of the world’s oil. Jet fuel now averages around $152 a barrel, up from roughly $90 last year.

Willie Walsh, the group’s director general, said war-related disruptions and rising fuel costs have shifted the outlook for the worse. He warned that smaller carriers that started the year with weak finances are struggling the most.

The pain is uneven. The Middle East, long the most profitable region for air travel, has been hit hardest. The group now expects the region’s airlines to lose $4.3 billion this year, a sharp reversal from the $7.2 billion profit they earned in 2025, as carriers like Emirates and Qatar Airways cut operations following weeks of airspace closures. In North America, profits are forecast to fall to $9.4 billion from $12.4 billion.

Travel demand itself is holding up. Passenger numbers are expected to rise 2.4% to 5.1 billion this year, with planes filling to about 84% of capacity. The problem is that demand cannot outrun costs. Airlines are now earning just $4.50 in profit per passenger, a razor-thin cushion.

For travelers, the squeeze is showing up at the booking screen. Airlines are raising fares to cover the higher fuel bills, so summer trips cost more than they did a year ago. Some carriers, including LATAM and Azul, are cutting how often they fly certain routes. Others are flying longer paths to avoid closed airspace over the Middle East, which burns more fuel and adds time to journeys. Fewer flights and pricier tickets are the direct result.

Fuel is not the only headache. Airlines are also short on new planes. Airbus and Boeing have struggled with delivery delays, leaving carriers flying older, less fuel-efficient jets at exactly the moment fuel is most expensive. The aircraft backlog has swelled to record levels, capping how fast airlines can grow and adding to their costs.

The business stakes reach well beyond the airlines themselves. Air travel ties directly into tourism, conventions, and trade. When flying gets more expensive, families rethink vacations, companies trim travel budgets, and the hotels, restaurants, and shops that depend on visitors feel it. Shipping costs rise too, since a meaningful share of high-value goods moves by air.

The whole forecast rests on how long the war lasts. As long as the Strait of Hormuz stays disrupted, fuel will stay expensive and airlines will keep absorbing the hit or passing it to passengers. If the conflict eases and oil flows normalize, the math could improve quickly. Until then, the industry is bracing for a lean year, and travelers should expect to keep paying more to fly.

JBizNews Desk — Aviation

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

An American favorite pizza chain is quietly disappearing from communities across the country.

Papa Johns is following through on its plan to close about 300 North American stores, with dozens of locations shuttering in the first quarter – primarily in core Sun Belt states.

A recent analysis of Papa Johns financial filings by Fast Company found that 44 stores closed across 17 states, with the highest concentration of closures in Texas, California, Florida and Arizona.

Multiple location closures have also been identified in Michigan, North Carolina and Virginia.

CHICK-FIL-A EXPANDS ITS ‘GHOST KITCHEN’ MODEL WITH NEW DELIVERY-ONLY STORE IN FLORIDA

The pizza brand first announced in February that hundreds of underperforming restaurants would cease operations by the end of 2027, describing the locations as being primarily franchise-owned, more than a decade old and generating less than $600,000 in annual sales volumes (AUVs).

“We believe these closures will further strengthen the system, increasing AUVs by at least 3% and improve franchisee health by allowing franchisees to reallocate resources towards operational excellence in their remaining restaurants and open units in priority markets,” Papa Johns CFO Ravi Thanawala previously said.

He also said that the majority of the company’s restaurants worldwide have “performed well over the years and delivered strong returns for both corporate and franchise owners,” and that the strategic closure of underperforming restaurants is “among the most impactful actions we can take to improve restaurant profitability and fleet health.”

However, shares of Papa Johns International were down roughly 21% year to date through Wednesday’s close. Over the past five years, shares of Papa Johns International have fallen more than 69%.

In addition to the Q1 store closures, filings showed that Papa Johns laid off 7% of its corporate workforce.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Not only are franchisees across the fast-food industry facing severe headwinds from inflation, supply chain expenses and labor costs, but pizzerias nationwide are facing stiff competition. A recent Wall Street Journal report found that pizza restaurants are now outnumbered by Mexican restaurants and coffee shops.

Other pizza chain competitors have made strategic moves amid weakening demand, including rival Pizza Hut closing hundreds of locations and its parent company, Yum! Brands, reportedly looking into a potential sale of the chain.

READ MORE FROM FOX BUSINESS

FOX Business’ Matthew Kazin contributed to this report.

This post was originally published here

America’s historic beef shortage may not ease anytime soon as the U.S. cattle herd remains at its lowest level in more than seven decades, keeping pressure on prices even as consumers continue to buy beef at elevated levels.

Omaha Steaks President and CEO Nate Rempe joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss the supply challenges facing the beef industry and why meaningful price relief could still be years away. The discussion comes as retail beef prices reached a record $9.64 per pound in April, up 13% from a year earlier, according to USDA data.

While recent concerns have centered on the re-emergence of the screwworm parasite in parts of Texas and New Mexico, Rempe said the larger issue is its effect on cattle imports from Mexico, which account for roughly 4% to 5% of the U.S. live cattle market.

The bigger challenge, however, remains the size of the domestic herd.

“We’ve got to build the herd,” Rempe said. “If we can build the herd and we can build supply back up, then we can see beef prices come down.”

DOJ CONFIRMS ANTITRUST PROBE OF MAJOR MEATPACKERS OVER BEEF PRICE INFLATION

Rempe noted that ranchers must retain more female cattle for breeding rather than sending them to market, a process that takes time and delays any meaningful increase in supply.

“As you know, we’re at a 72-year low,” Rempe said. “I think maybe last year when we talked, we were thinking we would see recovery in ’27, now we’re into ‘28, maybe even ’29 before we start seeing meaningful herd building happening.”

Those supply constraints have persisted even as consumer demand remains strong heading into key grilling holidays and summer gatherings.

“The demand is just not waning,” Rempe said. 

That combination of limited supply and resilient demand has created an unusual market dynamic that continues to support higher prices.

‘WE GOTTA EAT’: PHILLY BUTCHER ON RISING BEEF PRICES AS CUSTOMERS ADJUST SPENDING HABITS

“I think the big question for economists and people thinking about the beef market and sort of retail beef in general is how long can that persist?” Rempe said. “How long can the supply stay constrained and demand stay high?”

The comments underscore the challenges facing beef producers as the industry works to rebuild the nation’s cattle herd from historically low levels.

This post was originally published here

This duplex loft in the Jackson Foundry Lofts at 130 Jackson Street in Williamsburg has classic loft bones made modern with 21st-century design highlights. But the condo’s private outdoor space is truly extraordinary. Constructed within the building’s industrial architecture, the multilevel garden is anchored by a towering 70-foot-high smokestack that contains a wood-burning outdoor fireplace. Asking $2,095,000, the one-bedroom duplex loft is a standout among the look-alike new construction offerings of the coveted neighborhood.

Built circa 1863, the property, set on a quiet, tree-lined street just steps from the L train, was constructed as a Civil War munitions factory. Post-war, it housed the C.W. Weld tool manufacturing works, a printing house, and a book depository. It was converted to residential condos in 2007.

The garden-level unit has wide-plank white oak flooring, recessed Philips Hue lighting, and a newly-installed central air-conditioning and heating system. The building is topped by a shared roof deck.

The apartment spans 1,130 square feet on two levels. The lower level has a loft layout with an open great room framed by 17-foot ceilings and floor-to-ceiling windows with remote-controlled shades. A well-appointed kitchen, anchored by a large prep island, serves the adjacent living and dining rooms.

A powder room and a concealed Bosch washer/dryer can also be found on this level.

Up a cast-iron staircase is a large L-shaped bedroom with an en-suite bath. This sleeping space, open to the room below, has two large closets. A landing area at the top of the stairs offers space for a home office or den.

The star of this north Brooklyn home is the 750-square-foot back garden. Features include a split-level Brazilian walnut wood deck, automatic lighting, irrigated landscaped plantings, and a retractable electric awning.

A custom storage shed is perfect for keeping cushions and other outdoor items safe from the elements. The most notable fixture, of course, is the massive smokestack and its outdoor fireplace, reminiscent of the home’s industrial past.

[Listing details: 130 Jackson Street, #1E at CityRealty]

[At The Corcoran Group by Rhonda Vitoulis]

RELATED:

The post A 70-foot brick smokestack anchors a private garden at this $2.1M Williamsburg loft first appeared on 6sqft.

This post was originally published here

Bitcoin (CRYPTO: BTC) is holding above the critical $60,000 level, yet some investors are rotating capital into XRP (CRYPTO: XRP) and select altcoins ahead of potential crypto legislation in Washington.

Institutional De-Risking

Speaking on Schwab Network’s Crypto Corner, Adam Lynch, director of equity research at the Schwab Center for Financial Research said Bitcoin ETFs have experienced approximately $1.7 billion in outflows over the past week and more than $5.4 billion over the last month.

Crypto investment products overall have recorded roughly $4.5 billion in outflows during the past three weeks.

The recent selling marks a sharp reversal from early May, when Bitcoin ETFs enjoyed a 10- to 12-day inflow streak.

“We …

Full story available on Benzinga.com

This post was originally published here

Take this podcast to go: • Apple PodcastsSpotifyMore

Watch this episode without interruptions.

The week the hosts try to untangle on this episode of The Deep Dive reads like a thriller no writers’ room would dare pitch: Israeli strikes on Beirut, Iranian missiles aimed at the north, an American Apache downed over the Strait of Hormuz, and a US retaliation that Trump announced on social media before the dust had settled. All while a nuclear deal was supposedly days away and a ceasefire was, technically, in effect.

The framing question lands like a punch: can anyone really say the fire has ceased?

What makes it worth your time is the refusal to settle for easy answers. The hosts, Shifra Jacobs, the studio manager, and Shir Perets, the senior desk manager, dissect the “toxic love story” between Trump and Netanyahu.

They walked through a reported 15-year freeze on Iran’s uranium enrichment and caught the one word missing from JD Vance’s victory lap: Israel. Underneath it all is the human ledger: kids with no normal school year since COVID, 15-second sprints to the shelter, soldiers still dying in a truce that exists mostly on paper.

It’s smart, funny where it can afford to be, and unflinching where it can’t. Headlines are everywhere; understanding why this week actually mattered isn’t.

This post was originally published on here

Iran fired a barrage of ballistic missiles into Israel on Sunday, and US President Donald Trump publicly ordered the prime minister of Israel “not to retaliate.” Trump also told the Financial Times that Benjamin Netanyahu “won’t have any choice” because the American president calls “all the shots.”

Bibi struck back anyway, no doubt feeling it was better to upset Trump than to show voters in an election year that “Mr. Security” was America’s weak lackey.

Just days earlier, CBS and The New York Times reported leaks out of the Pentagon that the Defense Intelligence Agency is investigating Israeli espionage against the United States.

It was a week in which the temperamental Trump told Bibi he’s “f***ing crazy” and “everybody hates Israel.”

A pair of recent Pew Research Center surveys emphasized the message. One found that “60% of Americans have an unfavorable view of Israel, up from 53% last year,” and another revealed that two in three people in most of the 36 countries surveyed hold unfavorable views of Israel and Netanyahu, while only 25% were favorable.

If there’s any bipartisanship left on Capitol Hill, it is the growing opposition to the war in Iran and to unfettered aid to Israel.

This comes as Israel’s 10-year, $38-billion aid agreement is coming up for renewal amid spreading bipartisan congressional criticism, while administration insiders search for a scapegoat to blame for the unpopular war and the failure to produce the results Trump promised.

Eighty-five House Democrats wrote to Trump, reminding him of his opposition to Israel annexing the West Bank and demanding he press Netanyahu to halt bulldozing Palestinian homes in the West Bank to build more Jewish settlements.

This can’t be shrugged off, as I’ve often been told; they all hate us anyway, so it makes no difference what we do. Nor is it simply a matter of habitually inept public relations by Israel and its friends here. Like it or not, Israel’s plunge in standing here and abroad is directly related to its policies, and especially its intensive war-making since October 7.

I don’t believe Israel committed genocide in Gaza, but I can see how many feel that way in light of the massive, indiscriminate bombing, enormous death toll among women and children and the elderly, the destruction of hospitals, schools and infrastructure, frequent blocking of humanitarian aid and food, and the open lust for revenge from top leadership.

Lebanon looks like a repeat of the costly mistakes of the 1982 war. Israel has again occupied the land south of the Litani River, sent over a million Lebanese fleeing their homes, and bombed Beirut (the reason Iran gave for its latest missile salvo).

Israel’s PR problems

Little noticed in the fireworks was a speech given at The Jerusalem Post Annual New York Conference by Ronald Lauder, president of the World Jewish Congress, stating the obvious: Israel has an image problem and needs professional help.

He’s right, up to a point. The billionaire cosmetic heir is a personal friend of both Trump and Netanyahu. Both see themselves as PR mavens who share cluelessness about both cause and solution.

Public relations advice won’t solve their systemic problems, but Israel clearly needs help improving the substance of its message to the world if it is to begin digging out of the deep crater it has bombed itself into.

Way back in the last century, before I turned prematurely grey, I was briefing a Jewish audience about some friction between the president and the prime minister at the time (Ronald Reagan and Menachem Begin). The first question I was asked (and frequently through the years) was, “Why don’t the Israelis get some good PR advice?” 

The answer was the same then as it is today: they get lots of good advice, but they think they know better.

As I said, PR isn’t the answer, but it is a start. Lauder’s first piece of advice is valid but just a small step: take the job out of the hands of amateurs and self-aggrandizing politicians whose talents seem to be self-aggrandizement and pushing from bad to worse.

Instead of trying to gag the press, Netanyahu should gag some of his ministers. Take Amichai Chikli, his diaspora minister who acts like the anti-diaspora minister. He has been called “remarkably ignorant about Diaspora Jewish life,” confrontational, and particularly disdainful of Reform Judaism. Like so many, he has been quick to equate criticism of his government’s policies with antisemitism.

Lauder wants Israel to replace politicians and amateurs with PR professionals. That’s not easy when the prime minister lures coalition partners with promises of their own ministries or other lucrative sinecures.

Part of the problem Israel faces is that in America, cabinet secretaries serve at the pleasure of the president. In Israel, the prime minister serves at the pleasure of coalition partners who have a penchant for threatening to bring down the government if he doesn’t meet their demands.

The haredi (ultra-Orthodox) parties are masters, demanding massive funding for their substandard schools that fail to provide an education vital to real-world survival and insisting on draft exemptions so their young men can study while everyone else must serve.

American Jewry

Lauder says Diaspora Jews must be partners. Netanyahu sees himself as the leader of the Jewish people around the world and, like his predecessors, speaks of a partnership. But they’re just blowing smoke. For all the years I’ve been observing, it has been the same – “We love you but keep your advice to yourself and send us more money and weapons.”

Many Jews and their representatives in Congress are drifting away. The settlement movement is highly unpopular among most Americans, and the Netanyahu government’s failure to deal seriously with settler violence against West Bank Palestinians is eroding Israel’s standing.

American Jews are uncomfortable with the most extreme right-wing government in Israel’s history; one dominated by nationalist and religious extremists who say the largest group of American Jews aren’t real Jews.

Bezalel Smotrich, the influential finance minister and leader of the Religious Zionist party, calls Reform Judaism a “fake religion.” Three other key Netanyahu partners share the view – Shas, United Torah Judaism, and Otzma Yehudit, as well as many in Netanyahu’s Likud.

That may be Israel’s toughest PR challenge. Most American Jews identify as Reform (37%) or Conservative (17%). Orthodox Jews are about 9%, and the rest say they are unaffiliated.

I agree with Lauder. Israel must do a better job of telling its story and make Diaspora Jews feel like partners. 

But it will take more than hiring PR professionals. It demands fundamental changes. It is about how Israel governs itself, how it respects the rights of its minorities, how it treats the Palestinians and its neighbors, and how it relates to its fellow Jews.

Later this year, Israelis will go to the polls. I hope they elect a new leadership smart enough to stay out of partisan US politics, win back the trust and affection of American Jewry, reinforce its democracy, make peace with the Palestinians, and rebuild its international stature.

The challenge is not about how to shape Israel’s image but how to move toward policies that don’t alienate Israel’s natural friends. It may not be halachic, but you can’t put a kippah on a pig and call it kosher.

The writer is a Washington-based journalist, consultant, lobbyist, and former legislative director at the American Israel Public Affairs Committee.

This post was originally published on here

The Pentagon was locked down, and floors two through five were evacuated due to a false hazardous materials alarm, CNN reported on Thursday. 

Multiple Arlington County Fire Department units, including their Hazmat Team, responded to a “hazardous materials incident” at the Pentagon, the department announced earlier on Thursday afternoon. 

A Pentagon spokesperson said that authorities are working to evacuate employees due to an air quality issue. 

“The Pentagon has sophisticated systems to ensure the safety of the building and its occupants. Those systems have detected an air quality issue necessitating precautionary measures until we determine its significance,” Pentagon spokesman Sean Parnell said in an email.

“The Department is executing standard protection protocols, including a shelter-in-place order for the affected area. Response teams are in place and ready to support building occupants,” he added. 

This post was originally published on here

A recent European financial investment in the West Bank may threaten Israeli efforts to see the Palestinian Authority abandon its pay-for-slay policy, even if the money has bypassed the PA, an expert told The Jerusalem Post on Thursday.

The European Investment Bank and the European Commission announced earlier this week that the Palestinian economy received a €395 million injection to support Palestinian micro, small, and medium-sized enterprises.

The funds will bypass the PA and be channeled directly through the Bank of Palestine, the National Bank, Quds Bank, Cairo Amman Bank, and Palestine Investment Bank to “expand access to credit through local financial intermediaries,” the EIB confirmed.

As noted by Itamar Marcus, the founder and director of Palestinian Media Watch, and exclusively reported on by the Post in February, the Bank of Palestine, one of the banks participating in the program, has explicitly refused requests from the Finance Ministry to close 3,400 accounts reportedly used to distribute payments to released terrorists.

“Banks that are receiving the money directly from the EU have the bank accounts paying terror salaries to terrorists and their families,” Marcus commented. “As long as the EU continues injecting money to strengthen the economy that enables the PA to limp along, without first seeing fundamental reforms throughout Palestinian society, it is responsible for Palestinian youth being brought up to believe that violence and terror will ultimately destroy Israel. Conflict and terror will continue for another generation, courtesy of the EU.”

Funds intended to expand access to financing for Palestinian businesses

The package also includes the deployment of the remaining €2.1 million in technical assistance under a total €3.5 million envelope, of which €1.4 million has already been deployed.

EIB said the funds would “expand access to affordable financing for Palestinian businesses.”

“Palestinian businesses need reliable access to finance if they are to continue operating, investing and protecting livelihoods under extremely difficult conditions,” said EIB Vice-President Gelsomina Vigliotti.

“With these agreements, we are putting into operation the €400 million facility announced in October 2025 and making available up to $395 million through local partner banks to support Palestinian MSMEs where financing is most needed. At the same time, €3.5 million in technical assistance will help reinforce the sector at multiple levels.”

The Palestinian economy has struggled for years, with conditions worsening after Hamas’s October 7 attack prompted Israel to revoke the work permits of roughly 100,000 Palestinians on national security grounds. Economic pressures had already been in place after Israel, in 2022, legislated the withholding of Palestinian Authority funds in response to the authority’s payments to convicted terrorists and the families of slain attackers under its pay-for-slay program.

Palestine Monetary Authority Deputy Governor Mohammad Manasrah said, “The implementation of this $395 million package marks a concrete step in reinforcing the Palestinian financial sector’s ability to support businesses during a period of exceptional strain. Through five sub loans to local banks, part of which is structured as sub-debt to strengthen banks’ capital base, while the use of proceeds remains exclusively directed toward financing micro, small and medium-sized enterprises, this cooperation will broaden access to financing across Palestine, enabling businesses to continue operating, adapt to difficult conditions and sustain economic activity.”

Despite positive steps, terror glorification permeates PA society

Though Marcus said it was a positive step that the EU had “attempted to bypass the terror-supporting Palestinian Authority” to provide direct help to small businesses, he told the Post that “terror support and terror glorification permeate every aspect of Palestinian society so that whenever money is pumped into Palestinian society it is supporting the terror environment.”

The EIB operation forms part of the European Commission’s “Multiannual and Comprehensive Program for Palestinian Recovery and Resilience,” which has a budget of up to €1.6 billion for 2025 to 2027, and includes a €620 million grant specifically for the PA.

Though the EU has prohibited the use of its funds for pay-for-slay payments, critics have noted that the EU funds have allowed the PA the financial leeway to invest in the salaries of terrorists.

Marcus voiced fears about the types of protocols in place, ensuring that only businesses not participating in the glorification of terrorism receive the funds.

“For example, clothing factories and stores are producing and selling the shirts for children that have pictures of terrorists, teaching them that murderers of Israelis are their heroes and role models. Other factories and stores produce and disseminate the maps of ‘Palestine’ that erase and replace Israel. Sporting goods are sold to teams that are named after terrorists,” he explained. 

This post was originally published on here

If the orders are handed down, the Golani Brigade is ready for anything, including advancing its ground forces to take over Beirut, IDF Golani Brigade Battalion 13 Commander “M” told The Jerusalem Post in an interview on Thursday.

Next, he discussed having recently taken over the Wadi Saluki area of southern Lebanon from Hezbollah, how it makes Israeli northern civilians safer, and how it pushes back Hezbollah drone and rocket launching lines, while noting that the FPV drone threat remains.

M has been in the IDF for 15 years and served in Gaza during “Chariots of Fire parts I and II” in 2025 in Khan Yunis and Rafah, after which his unit was among the first to enter Lebanon when the IDF invaded in early March of this year.

Since they were among the first to invade, M said, they encountered periodic Hezbollah resistance and engaged in close-range fighting.

In total, three soldiers from his battalion were killed, while the IDF has killed around 50 Hezbollah fighters in the general area.

Later, his battalion also found and seized or destroyed Hezbollah weapons and tunnels.

Included in the items they found were materials from Iran explaining military strategy, as well as military maps from Iran.

“There is a lot of strong spirit,” M said about his battalion’s feelings about its accomplishments.

Taking over Wadi Saluki

M and Battalion 13 took over the Wadi Saluki area around two weeks ago, in parallel with other Golani units taking over Beaufort Castle.

At the time, when M finally received orders to take over the Wadi Saluki area, his units had been waiting for weeks to do so. Until then, they had carried out repeated in-and-out penetrations in that area, but had not attempted to hold onto any areas.

Providing additional details, he said, “When we got the order that we can stay there and take over areas, our officers formulated our battle strategy and rules. Then we went out at night and penetrated through the Saluki area.”

“Next, we went beyond to the West, cutting through parts of the river. The river has some large increases in the water depth and is extremely difficult to cross through even when it is uncontested by the enemy,” he recalled.

M complimented the air force, tanks, and artillery units for helping pave the way for their advance with significant firepower against Hezbollah forces right before they made their move.

He also complimented his tactical field intelligence collection units.

“We were raised on the stories of the IDF battles at the Saluki from 1997. Now it was easier to get there,” he noted.

Soldier recounts ‘most difficult battle’ while in Lebanon

One anecdote he said involved their most difficult battle during “face-to-face combat over a house. My forces went in, and the terrorists opened fire. We killed them eventually, but their initial attacks wounded some of our soldiers. When Tuvia Lifshitz ran in to help his fellow wounded soldiers, the Hezbollah fighters shot him and killed him. Later, the IDF fighters surrounded and isolated the terrorists within the house until they killed them.”

In another instance, in a village near the Saluki area, his battalion marched through seven kilometers in the rain, and some of his soldiers were wounded by Hezbollah mortar fire.

He said that most of his forces continued to advance, while a specific rescue unit came to take care of the wounded soldiers until they could be evacuated by helicopter to medical centers.

M acknowledged, as many IDF officials have, that the military entered the Lebanon invasion without being fully ready for Hezbollah’s new FPV drone threat

M admitted that even if his advance is preventing Hezbollah from launching drones into northern civilian villages to some extent, the threat remains, especially against the soldiers in southern Lebanon.

However, he stated that using nets, special guns, and greater awareness of observing threats and listening for sounds from the air has helped somewhat reduce Hezbollah’s drone threat effectiveness.

He said that he trusted the defense establishment would eventually develop more complete solutions, though this could still take months.

M stated that he wanted the northern villagers to be able to live normal lives and his son to grow up to be able to live a peaceful life.

“There needs to be patience… This is guerrilla warfare. It’s not going to be ‘one operation, and we are done.’ You cannot just attack one area, and it is over. You need to act systematically. But we prevent attacks and invasions, and penetrations into our [northern civilian] villages. That will not and cannot happen,” he said.

“They cannot attack with anti-tank missiles, no short-range mortars or rockets, and now need to work on other things. This was our main mission. And you cannot do these things with just the air force – you need invading ground forces,” he noted.

M’s battalion is now being given a period of weeks to refill and fix their equipment and other soldiering needs, as well as some time off to refresh at home, before returning for the next mission.

He thanked all the different kinds of soldiers, including reservists and commissioned and non-commissioned officers.

M, who is married and has one child, has commanded the battalion for around one year and calls his current position a lifelong dream.

This post was originally published on here