Libya‘s National Oil Corporation (NOC) said a drone attacked the Zawiya oil refinery complex, the country’s largest operating refinery, on Tuesday, the fifth attack since Saturday.

The NOC said a diesel storage tank belonging to the Zawiya Oil Refining Company was hit, causing a small fire that has since been contained.

With a capacity of 120,000 barrels per day, Zawiya is the largest operational refinery in the country.

Examples of recent drone attacks against Zawiya refinery

On Monday, a fire, accompanied by heavy smoke, broke out in a diesel tank oil depot at the refinery after the tank was struck, according to the Brega Petroleum Marketing Company.

A general view shows a detail of the Zawiya Oil Refinery, some 40 kms west of Tripoli, on October 27, 2011. The complex built in two different stages in 1974 and 1976 receives crude oil from the desert oil fields and treats 120,000 tons of crude daily. (credit: Marco Longari/AFP via Getty Images)

Early Tuesday morning, Libya’s National Oil Corporation confirmed the facility had been struck by a drone, noting that the attack caused no casualties or damage.

Soon after, the refinery was again targeted by a drone, Saudi state-owned Al Arabiya reported.

Jerusalem Post Staff contributed to this report.

This post was originally published on here. 

The Jerusalem Magistrate’s Court ordered the immediate release of settler Tal Yinon Dardik on Tuesday, finding insufficient grounds to keep him detained over charges that he violated an earlier military restriction order.

Judge Amir Shaked released Dardik without imposing additional conditions through the criminal proceeding. He stressed, however, that Dardik remains subject to a separate military order issued on Monday that bars him from nearly all of the West Bank and requires him to report regularly to police.

The ruling therefore ends Dardik’s detention but does not allow him to return freely to the West Bank or invalidate the security establishment’s assessment that restrictions against him are warranted.

Dardik is suspected of involvement in attacks against Palestinians and other nationalist-motivated offenses, including a March raid in which a Palestinian man was allegedly subjected to severe physical and sexual abuse. Dardik denies involvement, and he has not been charged over those allegations.

Security authorities said intelligence connected him to illegal and violent activity that endangered lives and property. A military appeals committee and the Jerusalem District Court subsequently found that the intelligence justified substantial restrictions and that the original decision to issue an administrative order against him was reasonable and proportionate.

Tal Yinon Dardik arrives at the Jerusalem District Court for a hearing on Central Command chief Maj. Gen. Avi Bluth’s appeal against a decision to release him from administrative detention, August 11, 2026. (credit: CHAIM GOLDBERG/FLASH90)

Charged with six counts of violating a lawful order

The criminal case that led to his detention is narrower: Dardik was charged with six counts of violating a lawful order and one count of obstructing a police officer after authorities said he failed to remain at his mother-in-law’s home in the Adei Ad settlement, as required by an order signed by Central Command chief Maj.-Gen. Avi Bluth on June 9.

His mother-in-law, however, had not agreed to house him.

A military appeals committee ruled that Bluth could not compel a third party to accommodate Dardik against her wishes and canceled that part of the order. The Jerusalem District Court upheld the committee’s decision on Sunday, while leaving intact its finding that Dardik posed a real danger to security in the area.

Bluth subsequently revised the order, replacing the house-arrest requirement with a ban from the West Bank, except for Modi’in Illit. Dardik must report to a police station there twice a day. The military said the revised order will expire on the same date as the original and is an amendment rather than a new order.

Police prosecutors agreed that Dardik should be released but asked the Magistrate’s Court to make his release conditional on compliance with the revised military restrictions.

Shaked rejected that request, ruling that the new order could not supply grounds for detention in a criminal case concerning alleged violations of the previous one.

The cancellation of the requirement that Dardik stay at his mother-in-law’s home had significantly weakened the evidence supporting the charges against him, Shaked said. He found no sufficient evidentiary basis to keep Dardik detained until the conclusion of the proceedings.

The judge also criticized prosecutors for attempting to combine the criminal case with the separate administrative process. A court could not keep Dardik behind bars to prevent a possible future violation of an order issued only while he was already detained, he ruled.

Shaked denied the prosecution’s request to delay Dardik’s release to allow time for an appeal, saying such a delay would effectively prolong his detention despite the state itself having requested his release.

Dardik told the court that the revised order had been read to him and that he was aware of its terms.

Honenu, the legal aid organization representing him, said Dardik had conducted a 38-day hunger strike during his detention. That figure and the details of the strike were supplied by the organization.

Honenu described the ruling as a victory and called for the cancellation of administrative detention orders against other Jewish settlers.

“We are pleased that the defense’s arguments from the outset were accepted,” attorney Nati Rom said. “There was no violation and no justification for his detention.”

Attorney Moshe Polsky accused the state of dragging Dardik through unnecessary proceedings, while Honenu called the use of administrative detention against settlers a “black flag” and urged Bluth to cancel them.

This post was originally published on here. 

On Monday, the IDF made an unusual decision regarding the settler and allegedly dangerous activist, Tal Yinon Dardik, which might be a model for reducing administrative detention for some Palestinians.

Since October 7, the number of Palestinians in administrative detention has tripled and quadrupled.

Previously, it had been on a spectrum between hundreds and around 1,000, and for the last three years, between 3,000 and over 3,300.

Along with other issues, this has severely harmed Israeli legitimacy worldwide.

Immediately after October 7, and arguably until the defeat of the last of Hamas’s 24 battalions in summer 2024 – or even until the ceasefire with Hamas in October 2025 – one could justify Israel taking a hit in the legitimacy department in order to ensure its fundamental future security needs versus Hamas.

Administrative detainee Tal Yinon Dardik, who is on a hunger strike in prison, arrives at the Jerusalem District Court for a hearing on Central Command chief Maj. Gen. Avi Bluth’s appeal against a decision to release him from administrative detention, August 6, 2026. (credit: CHAIM GOLDBERG/FLASH90)

However, since somewhere between summer 2024 and October 2025, Israel has been reevaluating various more extreme wartime practices.

For example, currently (though tactics can change at any moment), the IDF is in a ceasefire on all fronts and is not actively attacking any of its adversaries.

If the IDF and Israel can afford such a risk to try to advance some of its legitimacy and diplomatic long-term interests, might there be room to reduce the off-the-charts volume of administrative detentions of Palestinians?

Dardik model may help achieve this goal

The next challenge would be: Under what model could this be done?

This is where Dardik could come into the picture.

Israel’s defense establishment suspects Dardik was involved in multiple violent and dangerous attacks on Palestinian villages, including in March.

Despite viewing Dardik as an ongoing and potential future danger – beyond even his past alleged dangerous conduct – a series of court decisions and debates within the Israeli defense establishment have led to more lenient terms for Dardik than his prison stints and even than previous administrative travel restraining orders.

For example, at one earlier point, Dardik was prohibited by an IDF administrative restraining order from traveling anywhere in the West Bank.

While he still cannot travel to most of the West Bank, it is now permitted for him to travel to and live in Modi’in Illit, which is in Judea and Samaria.

Essentially, with Dardik, a mix of the courts and the Israeli defense establishment decided that he was and remains dangerous, but that if he does not go anywhere in the West Bank other than Modi’in Illit and if he checks in with the police of that town twice a day, the danger he presents can be counterbalanced or tolerated.

Electronic ankle cuffs could allow for travel throughout West Bank

In addition, the IDF went further, suggesting that if Dardik was willing to wear electronic ankle cuffs that allow him to be tracked, it could even consider allowing him to travel in other parts of the West Bank.

In the past, a small number of extremist, violent Jews were sometimes put in administrative detention. But that has not happened since Defense Minister Israel Katz vetoed it in January 2025.

All that has been left – short of full criminal indictments – are administrative restraining orders related to traveling to the West Bank.

It would appear that the Israeli defense establishment thinks it can strike creative and lenient balancing acts short of house arrest, not just merely with Jews who are affiliated with an ideologically violent group, but even with Jews like Dardik, who are suspected of repeated actual violence.

If so, could this model be used for Palestinians who are merely affiliated with terror groups, such as passing out recruiting fliers, but have not been part of a plot to perpetrate violence?

Until now, the answers about why Palestinians get treated more harshly, often regarding administrative detention and similar tools, than Jews have been twofold.

First, ideologically speaking, more of the Palestinian detainees are looking to commit murders, and more of the Jewish detainees are looking to commit vandalism or lower-grade violence.

Second, it was considered too dangerous to leave Palestinians under house arrest or under an administrative restraining order against certain travel in the West Bank because they do not live surrounded by Israeli police.

Further, if a Palestinian decided to disappear and break the conditions of his or her release from detention, it would be much harder to locate and rearrest them, requiring a large IDF incursion into Palestinian areas.

There was also an assumption that Jewish detainees were not all that dangerous, and so they could be released as long as they did not perpetrate witness tampering.

But now, possibly all of these differences have fallen away, paving a path toward more leniency for Palestinians instead of administrative detention, and toward winning back some of Israel’s legitimacy globally – especially in the United States.

Dardik has been declared dangerous in both the past and the future, but officials deemed an administrative restraining order regarding travel or ankle cuffs sufficient to balance the danger.

Even more significant, the idea that invading Palestinian areas to rearrest a Palestinian detainee who broke the conditions of his release was a big deal comes from a pre-2022-2023 time period when such raids were rare.

Since 2022, and even more since October 7, nightly IDF raids into all parts of the West Bank have become standard. Leaving large IDF outposts in the center of Jenin, Tulkarm, Nur Shams, and other places has also become standard since January 2025.

So what exactly is so hard and unusual about another raid or two to rearrest such a Palestinian? Knowing how complete the IDF’s control over Judea and Samaria is today, as opposed to a few years ago, could also deter an only mildly committed associate of a terror group from trying to flee and hide.

The Dardik model could be rolled out as a pilot program for a small number of Palestinian detainees and tracked for outcomes before it is expanded much.

Besides starting to try to improve the already bad legitimacy situation, rolling out such a pilot program would save Israel from otherwise undermining its entire basis for administrative detention of Palestinians.

One of the critical bases and defenses has always been that detainees are usually held for periods of six months to two years.

But with a rising number of thousands of detainees (How can each one be an arch terrorist leader?) being held for longer than that, there is a point where Israel would be eroding its own defense of the administrative detention tool under international law.

None of this suggests Israel should be releasing hardened violent terrorists.

But it has been clear for some time that when Israel has over 3,000 Palestinians in administrative detention on top of twice as many other Palestinians in other detention situations, not all of the 3,000-plus detainees can be as bad as Israel has claimed the kind of person who gets administratively detained needs to be.

Palestinian terror is nowhere near disappearing and must be fought in a variety of ways, likely still involving administrative detention at times.

Yet getting the volume of Palestinian administrative detainees under control is a time bomb for American and global support that Jerusalem likely needs to defuse so that Israel can save its global standing while there is still time.

This post was originally published on here. 

Israel and Venezuela agreed to renew consular relations and establish an official coordination channel after 17 years without diplomatic ties, the countries said in a joint announcement on Tuesday.

The move creates an official coordination channel between Israel and Venezuela, which have not maintained diplomatic relations since 2009.

The agreement followed talks held in recent weeks between Foreign Minister Gideon Sa’ar and Venezuelan Foreign Minister Félix Plasencia.

During the talks, the two sides agreed to establish a coordination mechanism that will enable consular services to be provided to citizens of both countries. 

Rescuers search through debris, in the aftermath of the June 24 earthquakes in Caraballeda, La Guaira state, Venezuela, July 9, 2026. (credit: Leonardo Fernandez Viloria/Reuters)

The statement also emphasized the importance of ties between the State of Israel and Venezuela’s Jewish community, which the community celebrated. 

“After 17 years without consular relations, Venezuela and Israel are advancing in a confidence-building process that began with the various Israeli and Jewish organizations that came to Venezuela on the occasion of the double earthquake that struck the country on June 24, and which on that occasion provided great technical and humanitarian aid in the face of the tragedy and devastation,” National Coordinator of the Confederation of Jewish Associations of Venezuela, Dr. Miguel Truzman wrote in a statement. 

“Today, a new era begins, taking a first step in the Consular area, as technical support in the areas required, and in the near future, diplomatic relations between both nations will be fully restored.” 

Jewish residents of Venezuela said that they were excited for a return to normal relations between the two countries. 

“This is news that fills us with hope and joy and marks a significant step toward rapprochement and a return to normalcy for many people who have waited years for practical solutions,” A., a Jewish resident of Caracas, told Walla.

He added that “the renewal of the consular coordination mechanism between Venezuela and Israel is not merely a diplomatic matter.

“First and foremost, it provides much-needed relief for families and citizens by facilitating procedures and administrative matters, and by building a bridge of understanding and human assistance where there had previously been distance,” he added.

“I warmly welcome this rapprochement, which offers an opportunity to renew ties, resolve everyday issues, and look to the future with a renewed commitment to cooperation and mutual respect,” he said. “Bravo to Minister Félix Ramón Plasencia González, and bravo to AIV Chief Rabbi Isaac Cohen.”

Israel and Venezuela agree to continue coordination after massive earthquake

Additionally, following the earthquake and the humanitarian crisis in Venezuela, the pair also agreed to continue cooperating on emergency response and recovery efforts. An Israeli delegation was deployed there in June and has since helped tens of thousands of Venezuelans return to their homes.

The Venezuelan government’s receipt of Israeli assistance contrasts with the complete cut-off in relations between the countries dating back to 2009.

In the aftermath, officials estimated that at least 5,000 people died.

Yonah Jeremy Bob contributed to this report. 

This post was originally published on here. 

Two rabbis who attended New York City Mayor Zohran Mamdani’s hour-long, closed-door roundtable at City Hall on Monday said they left feeling “hopeful” and that the mayor attended in “good faith.”

The meeting – convened by the Mayor’s Office to Combat Antisemitism – featured 10 rabbis from various Jewish denominations. The Jerusalem Post reached out to several rabbis who participated, including Rabbi Jonathan Leener, leader of the Prospect Heights Shul, a liberal Modern Orthodox synagogue in Brooklyn, and Rabbi “S,” who did not wish to be named.

“I chose to participate in the roundtable given the opportunity to represent my community’s views directly to the mayor,” Rabbi S told the Post. “One of the organizers assured us that we would all have a chance to speak, so the opportunity to really be there on behalf of my community was a meaningful one, and I felt that the outreach was made in good faith with an openness to listen, so it felt worth going to express our points of view and raise our concerns.”

Rabbi Leener had a similar incentive: “As a rabbi, I see my role as an advocate for the safety and well-being of the Jewish people, especially my fellow New Yorkers.”

Leener said he has profound disagreements with Mamdani, particularly around Israel, and that some of the mayor’s rhetoric has contributed to “turning up the temperature at a moment when many Jewish New Yorkers already feel increasingly vulnerable.”

Pro-Palestinian activists march as they take part in a protest on Nakba Day on May 15, 2026 in New York City; Illustrative. (credit: Adam Gray/Getty Images)

“That is precisely why I felt it was important to show up and say those things directly to him,” he said. “The meeting was also an opportunity to move beyond public statements and talk concretely about what the city government can do to address antisemitism and help Jewish New Yorkers feel safer.”

Roundtable focused on Mamdani’s contributions to rising NYC antisemitism

The predominant focus of the roundtable, from what both rabbis conveyed to the Post, was the rising antisemitism in NYC and the way in which the mayor’s hostility toward Israel has contributed to it.

“The message that was sent by everybody, each in their own way, to the mayor was that while we may agree or disagree with the current actions of the Israeli government or the current war, that the mayor’s harsh rhetoric around Israel and its government and the mayor’s continual singling out and excessive focus on Israel – when there are so many other things going on in our city and beyond – was alienating to our constituents, makes Jewish New Yorkers feel that the mayor is not for them, and makes them feel unsafe,” Rabbi S recalled.

“We reiterated that it is hard to feel a sense of partnership when it feels like Israel is being singled out for harsh rhetoric attacks and the mayor is doing nothing to distinguish between Israel and New York City’s Jews,” he added.

He said each rabbi tried to express this same point to the mayor “in the hopes of him taking that to heart” and upholding his pledge to be a mayor for all New Yorkers and help them feel safe.

Leener told the Post that while there were “certainly moments of tension and passion,” these were “expressed respectfully.”

“No one was there trying to convince the mayor to change his views on Israel,” he said. “Rather, people were trying to convey how isolated and vulnerable many Jewish New Yorkers feel and the extent to which some believe [Mamdani’s] rhetoric and the singling out of Israel have contributed to that feeling.”

Like Rabbi S, Leener said concerns were raised several times about Mamdani’s perceived “double standard” when it comes to Israel, and that “Israel and the Jewish community’s relationship to Israel are sometimes treated in ways that other communities and their connections to countries or homelands are not.”

Outside of Mamdani’s own contribution to rising antisemitism, both rabbis told the Post that there was broad consensus that Jew-hatred is making the city unsafe.

“There seemed to be broad agreement about the seriousness of the security concerns facing Jewish institutions and the need for the city government to respond to them,” Leener said.

“There was also a shared desire for the administration to better understand what Jewish New Yorkers are experiencing right now. The vulnerability and anxiety within the community were very real themes throughout the conversation.”

NYC rabbis: Roundtable properly represented New York Jewish community

Despite past criticisms of Mamdani for choosing to associate with select sects of Judaism – especially left-wing, progressive, and anti-Zionist ones – both rabbis told the Post that “there was tremendous diversity around the table.”

“I really do think it was a good representation of New York’s Jewish community,” Rabbi S said. “It’s impossible to get all segments, but the major denominations were there, and there was representation from a fair amount, geographically, of New York City.”

Leener concurred: “I thought there was a thoughtful range of voices in the room.”

“Obviously, no small group of rabbis can fully represent the extraordinary diversity of New York’s Jewish community,” he continued. “But people came from different communities, institutions, and points of view, and I thought that contributed to a substantive conversation.”

Leener said that part of the power of the meeting was its intimacy, as a smaller group created space for a more candid and meaningful exchange. He also said that, from his understanding, there are to be additional conversations in the future.

Both rabbis said they came away with the impression that the mayor was there to listen and was open to suggestions.

“He was respectful in his responses and frequently asked clarifying questions to better understand what people were saying,” Leener said. “I felt that he was genuinely engaging with us, acting in good faith, and listening carefully to our concerns, particularly our plea to help turn down the temperature.

“I know some will view that as simply part of his political skill or personal charm, and I understand that skepticism. But my honest read of both him and the room was that the engagement felt genuine.”

Rabbi S spoke similarly of Mamdani’s approach: “The mayor listened, asked some clarifying questions, and expressed that he appreciated the good faith conversation and that he took our words to heart.

While Rabbi S said he truly does not know what to expect going forward, he nevertheless felt grateful to be in the room.

“I think there was really strong consensus about that, despite people’s different views about Israel, and there was also a consensus that there’s a desire to work with the mayor on other issues of concern like affordability, childcare, and healthcare. A number of people raised immigration, and the mayor acknowledged these as issues of common cause and concern,” he said.

Leener told the Post he left feeling “cautiously hopeful.”

“I appreciated that the administration invited us in, listened, and created space for a candid and substantive conversation. But ultimately, I will judge the mayor and his administration by their actions and by the results they deliver,” he said.

For Leener, one concrete test will be whether the Jewish community sees meaningful progress around security, including making NYPD presence more accessible to synagogues, Jewish schools, and other Jewish institutions.

“I hope the conversation leads to greater understanding, a lowering of the temperature, and ultimately concrete action,” he said.

“What stayed with me most was the value of being in actual conversation. Our political climate has made it increasingly difficult to speak openly with people with whom we profoundly disagree, as though simply sitting down, listening, or engaging somehow means abandoning our convictions. I believe the opposite is true,” Leener continued.

“I remain a staunch supporter of Israel and have profound disagreements with the mayor that were not resolved by this meeting. But we can hold deeply to our beliefs while remaining in real conversation with one another. In fact, that is often how greater understanding becomes possible.”

This post was originally published on here. 

Israeli security forces arrested 27 suspects in simultaneous raids on dozens of homes in Ashdod and Kiryat Gat on Tuesday morning, in the culmination of a months-long undercover operation infiltrating criminal networks in the two cities. 

According to police, the suspects took control of delivery and distribution routes in Ashdod and Kiryat Gat and coerced business owners into using their services, aiming the establish control over their areas of operation, generate profits, and launder funds.

The operation, dubbed Operation Courier Run, was jointly carried out by the Southern District Israel Police, Border Police, and the Lachish District Central Investigations Unit (YAMAR). 

Border Police arrest Beersheba resident who hid eleven Palestinians behind a pile of tires in his vehicle

Early on Tuesday morning, Jerusalem area Border Police arrested a Beersheba resident in his 60s who is suspected of transporting 11 Palestinian residents of the West Bank into sovereign Israel, who themselves were also arrested. 

Israeli security officials locate and arrest Palestinians hiding in the back of a vehicle at a border crossing on August 11, 2026 (CREDIT: ISRAEL POLICE SPOKESPERSON’S UNIT).

Israeli security officers at the Ofer border crossing searched a vehicle which seemed “suspicious,” per the police report, and discovered a large pile of used tires in the back. Upon moving the tires, they found a double wall, behind which the 11 Palestinians were hiding. 

Tel Aviv police arrest 26-year-old suspected of massive credit card fraud scheme

Police in north Tel Aviv arrested a 26-year-old suspect on Monday who is suspected of making hundreds of thousands of shekels in purchases using fraudulently obtained credit cards. News of the arrest was disclosed to the public on Tuesday, along with the extension of the suspect’s detention. 

This arrest followed a months-long undercover operation in which investigators amassed information about the suspect’s purchases, which included computers, luxury clothing, sunglasses, and shoes sold in stores throughout the Tel Aviv area.  

Property seized during the arrest of a man suspected of massive-scale credit card fraud. The suspect allegedly used stolen credit cards to purchase luxury items worth hundreds of thousands of shekels. August 11, 2026. (credit: ISRAEL POLICE SPOKESPERSON'S UNIT)

Courts issue restriction order against crime boss Yossi Musli

Tel Aviv police on Tuesday successfully petitioned the courts to issue a judicial restriction order against Yossi Musli, the head of the Musli crime family. Per the order, Musli is on house arrest, prohibited from contacting a number of other known criminals, and banned from using the internet.

Musli was arrested in July in connection with a series of grenade attacks, arson, and shootings in central and northern Israel, which have been ongoing throughout the summer. The investigation into the attacks remains ongoing, with several additional arrests made nationwide in connection with the incidents.

Stun grenade attack foiled in Bat Yam, suspect arrested

Also on Tuesday, police responded to a call in Bat Yam reporting that a person was seen in public holding a grenade and allegedly intending to throw it. 

Police were able to arrest the suspect, a 22-year-old resident of central Israel, before he could use the grenade, which turned out to be a stun grenade. Security forces then neutralized the grenade. 

This post was originally published on here. 

British Foreign Secretary Ed Miliband pressed Foreign Minister Gideon Sa’ar over humanitarian aid to Gaza and violence in the West Bank during their first phone call on Tuesday, while the two also discussed Hamas’s disarmament, Iran and antisemitism, according to a statement issued by Miliband.

Miliband described the conversation with Sa’ar as a “frank and constructive first call,” saying the British government remained committed to open dialogue and a two-state solution that would include “a safe and secure State of Israel and Palestinian State.”

The foreign secretary said he raised what he described as a “sharp escalation of settler violence and settlement expansion,” as well as the humanitarian situation in the Gaza Strip.

“I said Israel must crack down on violence in the West Bank, and must immediately end blockages on aid into Gaza,” Miliband said.

The discussion comes as the West Bank and the future of a two-state solution remain points of disagreement between Israel and Britain. Earlier this year, Sa’ar clashed with then-British foreign secretary Yvette Cooper at the UN Security Council after she criticized Israeli policies in the West Bank.

Israeli Minister of foreign affairs Gideon Saar attends the lobby for Israel–United States relations at the Knesset, Israel's Parliament in Jerusalem, February 25, 2026.  (credit: YONATAN SINDEL/FLASH90)

Hamas disarmament, Iran and antisemitism

Miliband also called for Hamas to give up its weapons and for the IDF to withdraw, saying progress was needed on US President Donald Trump’s 20-point plan.

Additionally, the two discussed shared security challenges and agreed on the need to combat antisemitism worldwide and the “vital shared interest in ensuring that we never see a nuclear Iran.”

This post was originally published on here. 

Two attacks on commercial shipping in a single day tightened the squeeze on the world’s two most important maritime chokepoints, with the first crew deaths of the war at one end of the Arabian Peninsula and an American strike on a container ship at the other.

Four crew members were killed when Iran-backed Houthis struck a small cargo ship in the Bab el-Mandeb strait on Tuesday, according to Yemen’s transport ministry. Three Pakistanis and one Indonesian died aboard the Egyptian-owned Tihamah, and the crew lost control of the vessel after the attack. If confirmed, these are the first deaths in a Houthi strike on shipping since the Iran war began Feb. 28. The Houthis have not claimed it.

Three Yemeni coastguard personnel were injured when a drone targeted them during the rescue attempt. UK Maritime Trade Operations, the British navy-affiliated agency, reported the ship was hit by an unknown projectile, and maritime security group Ambrey said it was at anchor northeast of Perim Island at the time, noting the vessel was not Saudi-owned or operated and had left the government-held port of al-Mokha on Saturday. LSEG data lists Egyptian companies as owner and manager; neither responded to requests for comment.

The Houthis declared a maritime embargo against Saudi Arabia in the Red Sea on July 20, citing what they called a Saudi siege. Riyadh denies Yemen is under siege.

Separately, a U.S. blockade enforcement action played out roughly 2,000 miles to the east. The Panama-flagged container ship Vela Nova was struck by a missile off Pakistan as it sailed into the Gulf of Oman, maritime security sources told Reuters, and the Wall Street Journal reported a U.S. helicopter fired a Hellfire missile at the ship’s rudder after it attempted to evade the American blockade on Iran-linked shipping. Vanguard, a UK maritime risk group, put the strike about 71 nautical miles off Pakistan’s coast. U.S. Central Command did not immediately comment.

If confirmed, it would be the 12th vessel attacked by U.S. forces since the blockade was announced in April, and the third since it was reimposed July 14. Charlie Brown of United Against Nuclear Iran, which tracks Iran-related tanker traffic, noted the ship had recently called at Mumbai and Port Klang, Malaysia — ports where Iran-linked vessels have also been spotted — and said the interdiction underscores the scrutiny now applied to Iran-related shipping.

Aiming a missile at a rudder rather than a hull is a disabling shot, meant to strand a vessel for boarding rather than sink it. That distinction matters commercially: it signals the blockade is being enforced as an interdiction regime, which is precisely the risk underwriters now have to price on any voyage with an ambiguous port history.

The traffic numbers show what all of this has done to trade volume. Shipping through Bab el-Mandeb and the Red Sea is down more than 50% from before the 2023-25 wave of Houthi attacks, and has fallen further since last month’s blockade announcement — an average of 32 ships a day passed through the strait last week, according to Kpler, down from 50 before.

The Strait of Hormuz is worse. Just six vessels transited on Monday, against a 10-day average of about 11 and prewar levels of roughly 130 to 140 a day. That is a collapse of better than 95% in the passage that normally carries a fifth of the world’s oil.

The two chokepoints together form the route between Asia and Europe. Ships avoiding Bab el-Mandeb go around the Cape of Good Hope, adding roughly ten days and a corresponding bill in fuel, charter time and crew wages to a Europe-Asia voyage. Cargo that cannot leave the Gulf at all has no detour available.

Oil reflected the pressure Tuesday, with West Texas Intermediate up 1.4% at $83.27 a barrel and Brent up 1.3% at $88.85 after an Iranian official said Hormuz stays closed until Tehran’s conditions are met.

For shipowners and charterers, the immediate consequences are war-risk premiums, crew hazard pay and the growing difficulty of finding operators willing to send ships and seafarers into either strait. Tuesday supplied a reminder of why: on both routes, the danger is now to the people aboard.

JBizNews Desk | Dubai

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

This architecturally significant residence at 51 Old Stone Hill Road in Pound Ridge, New York, was designed by renowned firm Kieran Timberlake. Sheltered by the woods, this rare example of modern architecture sits high on a secluded knoll. A glass bridge and a reflective facade have a uniquely interactive relationship with the surrounding greenery, as described in a recent feature in the Wall Street Journal. The 19.5-acre wooded property, asking $15 million, offers a natural bounty of dramatic granite outcroppings, forest, and meadows, bordered by 40 acres of unspoiled land conservancy.

Completed in 2014, the Prutting & Company-built home offers unrivaled privacy, statement design, and an architectural legacy. Composed of glass and mirrored siding made from brushed stainless steel, polished stainless steel, and a lead-coated copper flashing, the home reflects each season’s changing light.

Glass walls and reflective surfaces aside, the home was designed to be energy efficient with every possible comfort. Geothermal heating adds energy efficiency. Custom walnut millwork, dramatic high ceilings, and floating staircases complement walls of glass to minimize the distinction between indoors and out.

Inside, the home is a well-calibrated machine for modern living. An Eggersmann kitchen and a 2,400-bottle wine cellar are ready for hosting. A professionally engineered media room is another showcase of design, technological, and architectural innovation.

The site influenced the home’s configuration; bedrooms and common rooms occupy two separate parts, joined by a glass bridge. Bedrooms make use of each day’s shifting light. Baths are luxurious and modern, clad in marble and stone, with innovative fixtures at work behind the design.

There are numerous landscaped outdoor spaces. Stone patios and walkways join manicured lawns and wooded gardens, surrounded by the timeless forest.

[Listing details: 51 Old Stone Hill Road by Brian Milton of Compass]

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The post This $15M Westchester home is a work of modern architecture that reflects the surrounding forest first appeared on 6sqft.

This post was originally published here. 

A city outside San Francisco shut off its entire computer network on Friday and has been running its emergency dispatch through the county ever since, after malicious software got inside the systems that route 911 calls.

Suisun City’s council declared a state of emergency at a special meeting at 11 a.m. Saturday, after malicious software infected and compromised the city’s information technology systems at roughly 5:45 a.m. Friday, August 7. The declaration, made under California Government Code 8630, lets the city tap emergency support services quickly and recover the costs it incurs from the incident. The council vote was unanimous. The emergency remains in effect.

The attack hit critical public safety operations — 911 routing, police and fire dispatch, records and other city services. To contain the threat and preserve evidence for a federal investigation, the city took its entire network offline.

Police officers and firefighters have continued responding to emergencies throughout. Suisun City dispatchers are handling calls through the Solano County dispatch center, and officials said there is no imminent threat to the public. The city has about 30,000 residents and sits roughly 45 miles from San Francisco.

The city activated its Emergency Operations Center and is working with federal and state agencies, including the FBI and the Department of Homeland Security, on the investigation. California’s emergency services office is also involved in the investigation and in restoring the systems.

The pattern it fits

This is not an isolated incident, and the wider context is what should concern anyone running a business that depends on public infrastructure. Federal investigators were already on alert after water systems in at least 12 states were targeted. In some cases the attacks disrupted utilities’ ability to remotely monitor and control their systems, forcing operators to switch to manual control. Hackers also gained remote access to equipment including pumps, valves and water-pressure controls. Investigators suspect Iran-backed hackers may be responsible, though the U.S. government has not formally attributed the attacks.

That suspicion sits against the backdrop of a conflict that began in late February and has since spread well past the Persian Gulf. Municipal networks are a soft target by design — they were built for service delivery, not for defense, and the smallest jurisdictions have the thinnest security staffing.

Bipartisan lawmakers have been pressing for more funding and staff for the Cybersecurity and Infrastructure Security Agency, the federal body that coordinates between agencies, local governments and private operators of essential infrastructure, after cyber incidents affecting water utilities in at least seven states.

What it costs a business

For companies in an affected jurisdiction, the practical exposure runs in three directions.

The first is operational. A city that pulls its network offline stops issuing permits, processing payments, running inspections and answering business licensing questions. Construction schedules slip. Closings get delayed. There is rarely a published timeline for restoration, because the city itself does not know one until forensics finish.

The second is the emergency response itself. Suisun City’s fallback worked — the county absorbed the dispatch load and crews stayed on the street. Not every municipality has a neighboring dispatch center sized to take over. Any business with a physical location should know, in advance, whether its local 911 system has that kind of backup, and what the alternate contact procedure is if it does not. It is a ten-minute question to your local fire department and worth asking before you need the answer.

The third is the lesson from the response. Suisun City did the right thing and did it fast: shut the whole network down rather than trying to isolate the infected portion, and preserve the evidence rather than rushing to restore. That decision costs days of downtime and is almost always correct. Businesses that try to keep operating through an active intrusion routinely lose both the data and the ability to trace what happened.

The declaration mechanism is worth noting as well. California requires the emergency declaration in order for a city to access support services and recoup incident costs. Private companies have an analogous requirement in their cyber insurance policies — notification windows measured in hours, not days, and coverage that can be voided by delay. Most owners discover the terms during the incident. The time to read them is now.

The investigation is ongoing, and the city has released no information on who was behind the intrusion or what was taken. What is already clear is that a town of 30,000 people spent a weekend with its emergency communications running out of a neighboring county’s building — and that a growing number of American municipalities are one bad Friday morning away from the same position.

JBizNews Desk | Suisun City

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Democratic Socialists of America (DSA) co-chair Megan Romer said in an interview last Friday with The New Yorker editor David Remnick that she “probably would have” attended the October 8, 2023, pro-Palestine rally in New York City and said the events of October 7 had been “largely inevitable.”

During the interview, the discussion turned toward the October 7 massacre and the subsequent demonstrations showing solidarity with the Hamas-led attack in New York.

Remnick asked Romer whether she would have participated in the protest held in Times Square, noting that it took place just one day after the attacks, and asked her directly: “One day after the slaughter of 1,200 people and the taking of over 200 hostages, you would have come and rallied behind Hamas?” Romer responded by saying that she “probably would have” attended the demonstration.

Romer defended her perspective by adding, “I think that October 7 was largely inevitable. If you put people in an open-air concentration camp and you deprive them of rights, of dignity, of food, of the ability to live in safety, you have to expect that they are going to not take that for that long. And that is not defending any harm of civilians or of non-combatants.”

When Remnick pushed back by noting, “Well, sure it is, you said you’re supporting it,” Romer replied, “I’m saying that I think it was inevitable. I think that you cannot put people in a cage and expect them not to revolt.”

An anti-Israel protest in New York City. Ilustrative. (credit: CHRISTIAN MONTERROSA/REUTERS)

In another portion of the interview, the conversation shifted to the status of human rights and regional dynamics. Addressing the status of LGBTQ+ rights in the region, Romer said she “would not call Hamas queer-friendly,” but also added that she “would not say that you can get a lot of social rights when you’re under siege.”

When questioned about historical diplomatic efforts, specifically regarding the 2000 Camp David proposal that sought to establish a Palestinian state alongside Israel, Romer stated she did not know the specifics of the proposal.

Romer: US defense, economic support for Israel a ‘solid red line’ for DSA

Expanding on the broader platform and policies of the DSA, Romer also addressed the organization’s geopolitical stance. She said that any US defense or economic support for Israel represents a “solid red line” for the DSA.

Furthermore, she noted that the group supports “a free Palestine with the capital in Jerusalem,” acknowledging that the stance could “be safely read as a one-state solution.”

The interview drew scrutiny and criticism from the Anti-Defamation League, which published a detailed response addressing Romer’s remarks on X/Twitter.

Opening its statement, the ADL said that it was a “jaw-dropping interview” that “should concern every American because this kind of hateful and demonizing rhetoric against the only Jewish state in the world goes well beyond criticism of a government or its policies, and it puts every Jewish American at risk. We’ve seen this far too often.”

The organization emphasized that Romer’s refusal to denounce Hamas meant shielding a US-designated foreign terrorist organization responsible for the deadliest massacre of Jews since the Holocaust, whose charter explicitly calls for the destruction of Israel, noting that she had previously urged followers to “read on,” to learn “why we do not, in fact, condemn Hamas.”

Continuing its breakdown of the interview, the ADL added, “She also called the Hamas-led October 7 massacre a mere ‘revolt’ and ‘largely inevitable.’ There is no justification for rape, kidnapping, torture, and slaughter.”

Addressing Romer’s remarks on LGBT rights and regional policy, the ADL pushed back against her attempt to contextualize the terror group’s record, stating: “Let’s be very clear: Hamas does not persecute LGBTQ+ people because of a conflict. It does so because persecution of LGBTQ+ people is a core part of its ideology, whether it fits the DSA and Romer’s narrative or not.”

ADL: Romer ‘does not know the basic diplomatic history of the Israeli-Palestinian conflict’

Regarding Romer’s stance on a one-state solution, the ADL criticized her unfamiliarity with historical efforts, writing: “The co-chair of an organization constantly calling for a ‘free Palestine’ and who claims Palestinian people are ‘in a cage,’ does not know the basic diplomatic history of the Israeli-Palestinian conflict and yet, she thinks she’s a legitimate commentator.”

The organization also argued that the DSA’s vision for a single-state outcome leaves no room for Jews’ self-determination in their ancestral homeland.

Jonathan Greenblatt, CEO of the ADL, concluded the response by writing on X, “When people and groups tell you who they are, believe them.”

The ADL noted that the DSA, which has over 120,000 members and more than 250 elected officials across the United States, is no longer on the fringes of society and possesses the ability to influence mainstream political discourse and policy.

This post was originally published on here. 

Reform UK leader Nigel Farage has ruled out entering talks with Restore leader Rupert Lowe unless the latter removes his “antisemitic” co-founder from the party.

Reform and Restore compete for a similar voter base on the British right, though relations between their leadership are strained.

On Monday, Farage held a press conference in which he addressed recent rumors that Reform and Restore might make a deal.

“So we can talk to Rupert Lowe – that’s fine,” he said. “But when you have co-founders, et cetera, putting out what I would call the ‘old theory’ – the old theory that we probably haven’t heard in this country since 1936 – and you have other adjacent publicly supportive people demanding that all Jews be removed from the country, just as an example…”

“The condition I would put on it is that those people would have to be out of the inner circle, and I think that for me would be the only way we could sensibly proceed,” he continued.

Rupert Lowe, leader of the Restore Britain party speaks to the media at the vote count center, at the Edge in Wigan, northwest England on June 19, 2026. (credit: Oli SCARFF / AFP via Getty Images)

The co-founder in question is Charlie Downes. He was accused earlier in the month of insinuating that Farage had been “bought” out by Jewish supporters. Specifically, Downes responded to one of Farage’s posts on X/Twitter, in which Farage said he could not be bought, with an image showing him in front of signs for the Reform Jewish Alliance.

According to Politico, Farage’s attack on “publicly supportive people demanding that all Jews be removed from the country” is a reference to Steve Laws, a backer of Restore Britain who is an advocate of “total remigration.”

Reform spokesman: No agreement with Lowe’s party while Downes in place

A spokesman for Reform told The Telegraph that there was no question of any agreement with Lowe’s party while Downes was in place.

“There are antisemitic and extreme racists at or near the top of the party, and they would have to go first,” he said.

“We’re happy to talk, but we can’t do it when there are people in the party like Charlie Downes. This all started with the Groypers in the US, and it’s happening here, putting out this anti-Jewish stuff that is very similar to the far Left.”

A groyper is a member of a far-right, white nationalist network of internet users and activists, led by Nick Fuentes.

Reform behind Conservatives, at lowest polling score since March 2025

Reform is at its lowest polling score since March 2025, with the party losing ground to the Conservatives.

The latest YouGov survey put Labour on 24 points, two points ahead of Nigel Farage’s party on 22% – the first time a YouGov poll has put Labour ahead of Reform in more than a year. Restore currently has 4 points, according to the same poll.

When approached for comment, Reform pointed The Jerusalem Post to Farage’s comments to Politico.

This post was originally published on here. 

Prime Minister Benjamin Netanyahu promised high-tech entrepreneur Oren Dobronsky, who holds the first reserved slot in Likud, that he would be appointed as the minister responsible for artificial intelligence (AI) if Netanyahu forms the next government, Walla learned on Tuesday.

This decision aligns with Netanyahu’s strategy to highlight artificial intelligence (AI) as a central theme in the upcoming election campaign.

In addition to addressing diplomatic, security, and economic matters, Netanyahu aims to showcase AI as a significant driver of economic growth and an area where Israel needs to compete with leading countries around the world.

The prime minister has emphasized the importance of advancing AI and reinforcing Israel’s standing in the global technology race.

Netanyahu’s interest in the field is not new. In June 2023, after speaking with Elon Musk and OpenAI CEO Sam Altman, Netanyahu declared, “We will turn Israel into a global artificial intelligence power.”

Entrepreneur and businessman Oren Dobronsky (credit: Courtesy)

The dawn of a new AI era

During his conversation with Musk, Netanyahu said humanity was at “the dawn of a new era,” the era of AI. He stressed that the changes were taking place rapidly and that Israel needed to formulate a national policy on the issue.

Likud announced on Monday that Dobronsky would receive the party’s first reserved spot on its slate ahead of the Knesset election. Dobronsky is an entrepreneur and businessman who was among the founders of high-tech company Hotbar and spent years working in Silicon Valley.

In a statement, Likud said Dobronsky, whom the party describes as right-wing, would be part of the “Likud team.” The party said that after the election, he is expected to lead efforts involving artificial intelligence in the economy, education, medicine, finance, and other sectors.

Dobronsky attacks Trump on X

Shortly after his reserved spot on the slate was announced, it emerged that about two months earlier, Dobronsky had attacked US President Donald Trump in a post on X, calling him “a morally corrupt person.”

“Put aside for a moment the question of whether the agreement with Iran is good or bad,” the businessman wrote. “In what world is it normal not to invite to the negotiating table the ally that fought shoulder to shoulder with you?”

He added, “Trump not only did not invite Israel to the negotiating table, but he did not even share the text of the agreement itself with it? What kind of morally corrupt person treats an ally like that?”

Later that evening, following the media uproar, Dobronsky issued an apology to the US president.

“President Trump is the greatest friend Israel has ever had in the White House. I have posted in his favor countless times. On one occasion, without knowing all the facts, I lost my temper and posted something I regret. I apologize to President Trump, whom I admire from the bottom of my heart.”

This post was originally published on here. 

Former Israeli ambassador to the UN Gilad Erdan announced on Tuesday that the new right-wing party he heads will be called the Unity Party, unveiling the name during an event in Beit Shemesh marking MK Aliza Bloch’s joining the party.

The party’s slogan will be “Real right. Real enlistment.”

This is a developing story.

This post was originally published on here. 

WASHINGTON — Health industry leaders pushed back on President Trump’s executive order on vaccines this week — including those he may need to rely on for his agenda.

On Monday, Trump signed an order that sought to unilaterally change the federal government’s approach to vaccinating children: recommending fewer shots, spreading them over longer periods, and doing so without evidence to back up the changes.

Trump was particularly interested in breaking up the vaccine that protects against measles, mumps, and rubella into three separate shots, saying — against all current evidence — that the combination shot could be lethal. (Trump later said he had no evidence for the claim; his health officials have repeatedly said they recommend the shot.)

Continue to STAT+ to read the full story…

This post was originally published here. 

Hawaii’s capital is trading surfboards for light-rail trains as it bets on a new way to get around.

Honolulu is selling about $196 million of municipal bonds this week, with about $9.4 million funding its Skyline rail system. The project, which has been in the works for more than 15 years, is slated be the first fully-automated, driverless light-rail system in the United States.

This post was originally published on this site.

The oil is inside the Persian Gulf, and the Gulf has one way out — a 21-mile-wide strait with Iran on one side of it.

The oil is inside the Persian Gulf. The Gulf is a bathtub with one drain — the Strait of Hormuz. Every barrel loaded at a Saudi, Emirati, Kuwaiti or Qatari terminal has to come out through that drain. The drain is about 21 miles wide at its narrowest, and Iran sits on one side of it.

Since the war began on February 28, Iranian forces have mined the middle lanes that ships used for decades, pushing traffic onto two makeshift routes that hug either the Iranian coast or the Omani coast. Ships that don’t comply with Iranian orders risk being attacked by Revolutionary Guard drones and missiles.

So the problem is simple to state: the oil is on the wrong side of a dangerous doorway, and the ships that normally carry it across oceans are too valuable to send through that doorway.

The solution: two ships, two jobs.

Job one — go in and get it. A medium-sized tanker, typically carrying 750,000 to 1 million barrels, sails into the Gulf, loads at the terminal, and comes back out through the strait. This is the shuttle. It takes the risk.

Job two — cross the ocean. A Very Large Crude Carrier, holding about 2 million barrels, waits in open water outside the strait. It never goes in. This is the ship that will eventually sail to India or China.

Between the two jobs, the oil has to change ships. That handoff is what the satellites are photographing.

Why not just send the big ship in?

Because of how long it would be exposed. A VLCC going in itself would transit the strait, spend a day or more at a berth loading, then transit the strait again — three to five days inside Iran’s reach, through the chokepoint twice. Waiting outside instead means roughly 24 to 40 hours in safer water, and never entering the narrow part at all.

There is also the value at stake. A full VLCC carries well over $150 million of crude on a hull worth more than $100 million. One drone strike on that is a catastrophic loss. The shuttle carries a fraction of it. You send the cheaper ship into the dangerous place.

War-risk insurance reinforces the same logic — underwriters will price a short shuttle run into the Gulf; many will not cover a VLCC going in at all.

Why not have the shuttle keep sailing to Asia?

Because it’s the wrong ship for that trip. Half the cargo means far higher freight cost per barrel, and there aren’t enough of these hulls to run the Asia route. The shuttle is worth more turning around and making another run into the Gulf. It usually takes two or three shuttle loads to fill one VLCC.

How the handoff physically works.

The two ships moor side by side, hulls parallel, kept apart by large inflatable rubber fenders. No divers, nothing in the water. A crewman throws a light line across, which pulls over heavier lines, which pull the mooring ropes. A deck crane lifts the cargo hose string across to the other ship, where crew bolt it to the manifold. The hoses are 8 to 12 inches across, in bolted sections, running perhaps 30 to 100 meters in total. The pumping takes 24 to 40 hours. Then the empty shuttle heads back through the strait to load again, and the loaded VLCC sails on.

Where it happens.

Two sites, identified by 11 people familiar with the operation: off Fujairah in the United Arab Emirates, and off Oman’s port of Sohar. Both sit outside the zone Iran claims to control. On Monday, satellite images showed 12 transfers spread along more than 100 kilometers of Omani and Emirati coastline.

Is that water safe? No — safer.

Fujairah port has been hit by Iranian fire repeatedly during this operation, and an unknown projectile struck a tanker off Oman in mid-June, causing cargo leakage. Explosive naval drones have struck tankers in the region, including one about 44 nautical miles off Oman that killed a crew member. Hitting a ship in Emirati or Omani waters is a bigger political step for Iran than hitting one in the strait — but it is reachable, and the rafted-up pair is at its most vulnerable during those 24 to 40 hours, tied together and unable to move.

Why the transponders go off.

Ships in this system run with transponders off and lights dimmed, staggered about 3 to 4 kilometers apart so a single attack can’t take out several at once. Going dark does not make a tanker invisible — Iran has coastal radar, islands, patrol boats and drones, and a 250-meter ship shows up on all of them. What it does is make the ship anonymous: no name, flag, owner or cargo broadcast. Iran runs a permit system and picks targets; if it can’t identify a vessel in the moment, it can’t sort it. Going dark also breaks the commercial paper trail that insurers and sanctions monitors rely on. This is the technique Iran itself pioneered to sell sanctioned oil, now being used against it.

Who runs it and who’s in it.

Eight sources said the operation is controlled by the U.S. military. Operators must pass a compliance review — full ownership disclosure, tracking history, cargo documentation — submitted to the Navy’s shipping guidance office in Bahrain, and approved ships get assigned transit windows. Support comes through aerial surveillance and monitoring rather than naval escort; a U.S. defense official denied Central Command takes part in any offshore transfer operation. On the outbound side, UAE state oil company ADNOC and the Kuwait Oil Tanker Company have been among the most active; the receiving side is dominated by international operators such as Greece-based Dynacom.

How much it moves.

At least 92 ships have taken part since early May, with 17 pairs transferring at once on June 11, moving perhaps 90 million barrels in total — against a pre-war average of roughly 20 million barrels flowing through the strait every day. It is a trickle, not a restoration.

Oil rose Tuesday on the stalemate, with West Texas Intermediate up 1.4% at $83.27 a barrel and Brent up 1.3% at $88.85.

JBizNews Desk | Dubai

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Bank Hapoalim will open a temporary financial education complex for children at Tel Aviv Port later this month, offering families a series of free activities designed to teach children about earning, spending, budgeting, and consumer choices.

The “Poalim Junior City” complex will operate from August 18 through August 27 at the Yordei HaSira compound in Tel Aviv Port and will be open to customers of all Israeli banks. Participation is free but requires advance registration, which opens on Monday, August 10.

The project, aimed at children ages 5-13, turns basic financial concepts into a simulated miniature economy.

Children entering the employment section will receive an employee card, hat, and apron before completing age-adjusted tasks at a series of “workplaces.” Activities will include sorting merchandise, baking challah, packing eggs, pricing products, and processing online shopping orders.

After completing the tasks, participants will visit a simulated payroll department and receive a prepaid card loaded with the “salary” they earned.

Renderings of the Poalim Junior City complex: Ilan Assouline. Bank Hapoalim campaign photos. (credit: ZOHAR SHITRIT)

The pop-up is designed to teach financial decision-making and budgeting through fun activities 

They will then move to a shopping area designed to resemble a supermarket, where they can spend their earnings while completing interactive exercises intended to encourage smarter purchasing decisions and budgeting.

The activities include a shopping-list memory game, a consumer trivia challenge, an AI-based game asking children what they might want to be when they grow up, and a budgeting exercise centered on how to allocate money for spending at a mall.

The experience concludes with Habizbazim, a participatory show for children and their families about financial behavior.

The production is based on a book adapted specifically for Bank Hapoalim and focuses on choices in a world of abundance while emphasizing creativity, talent, and persistence.

Additional activities outside the main complex will include a coloring wall and a giant piggy bank.

“An important part of launching the ‘Poalim Junior’ product was our desire to establish the best financial education system in Israel for children,” said Bank Hapoalim chief marketing officer Yigal Barkat.

“We are now significantly expanding our activity in the field and announcing the Poalim Junior City complex at Tel Aviv Port, which will offer children ages 5-13 and their families a free, fun activity full of attractions dealing with smart consumerism and financial education,” he said.

Poalim Junior service allows children to begin managing money with parental oversight

The initiative follows Bank Hapoalim’s launch of Poalim Junior, a service that allows children to begin managing money while parents retain oversight through their own bank accounts.

Bank Hapoalim said it is investing millions of shekels in the Junior City initiative and accompanying advertising campaign. The campaign, featuring actress Liat Har Lev and physician and television presenter Dr. Hila Korach, is scheduled to launch on August 12.

The complex will operate Sundays through Thursdays from 9 a.m. to 9 p.m. and Fridays from 9 a.m. to 3 p.m. Advance registration will be available through Bank Hapoalim’s website beginning August 10.

This post was originally published on here. 

Microsoft is preparing to unveil its next-generation Maia 300 artificial-intelligence processor as soon as September, accelerating one of the most important efforts by a major cloud company to reduce its dependence on Nvidia.

The company is reportedly discussing manufacturing capacity with Taiwan Semiconductor Manufacturing Co. for more than 300,000 Maia 300 chips in 2027, with longer-term ambitions exceeding one million units.

Microsoft also wants outside Azure customers, including major AI developers, to eventually use the processor rather than reserving it only for the company’s own workloads.

That would represent a significant expansion of Microsoft’s chip strategy. Instead of simply building custom silicon to lower its internal computing costs, Microsoft would be positioning Maia as a product customers can choose alongside Nvidia hardware inside Azure.

The economics explain why.

Nvidia’s processors remain the dominant hardware for training and running advanced AI models, but they are expensive and have repeatedly faced supply constraints. Microsoft, Amazon and Google are all designing their own chips partly to gain more control over costs, availability and performance.

For Microsoft, every workload shifted from Nvidia hardware to Maia could reduce the amount it pays outside suppliers while allowing the company to keep more of the economics of AI computing inside Azure.

It also gives Microsoft additional leverage when negotiating future purchases from Nvidia. Even if Maia never replaces Nvidia broadly, a credible alternative makes Microsoft less dependent on a single supplier.

The strategy carries substantial risk. Designing a competitive AI chip is expensive, manufacturing capacity must be secured years in advance, and software developers have spent years optimizing applications around Nvidia’s CUDA ecosystem. Hardware performance alone is therefore not enough.

The larger competitive picture is becoming clearer. Amazon has Trainium, Google has its Tensor Processing Units, and Microsoft is pushing Maia forward. Nvidia’s largest customers are simultaneously some of the companies working hardest to reduce their dependence on it.

That does not mean Nvidia’s growth is ending. AI computing demand is expanding fast enough that Nvidia can continue selling enormous volumes even while custom chips take some workloads.

But the direction matters. The cloud giants increasingly want to own more of the technology stack themselves — from data centers and networking to the processors powering the AI models running inside them.

JBizNews Desk | Redmond

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

Ben-Gurion Airport officials identified an unauthorized civilian drone approaching the airport on Tuesday morning, according to the Israel Airports Authority.

Shortly before noon, a Ben-Gurion Airport control room employee detected a drone in their airspace and activated security protocols. Airport police were tasked with locating the drone’s operator. 

Within less than an hour of the initial identification of the drone, the operator was found and interrogated. The drone was being used to film promotional video clips for a construction company. 

Ben-Gurion Airport operations disrupted by civilian drone intrusion, takeoffs and landings halted

A similar event occured on August 5, when Israel’s N12 News reported that flights at Ben-Gurion Airport were disrupted after a civilian drone entered its airspace.

Takeoffs and landings were halted during the incident, according to the report, which occured during peak hours.

Drone equipment seen after its owner flew the drone near Ben-Gurion Airport on August 11, 2026, triggering drone intrusion alerts.  (credit: ISRAEL AIRPORTS AUTHORITY)
 
Transportation Ministry Director-General Moshe Ben Zaken began an investigation following the incident, N12 added.

The incident followed a July 23 N12 report regarding a potential complete civilian drone ban in all of Israel’s airspace.

The consideration of a total ban is due to the lack of effective counter-drone technologies in the country, N12 reported, with concerns that an Iranian or Hezbollah attack would involve an increased use of drones.

This post was originally published on here. 

Beth Jacob, a synagogue in Montpelier, Vermont, joined forces with the Unitarian Universalist Church of Montpelier on Sunday to co-host a fundraising event supporting Mohsen Mahdawi, a Columbia University student and pro-Palestinian activist facing ongoing deportation proceedings. 

According to the event listing published on the synagogue’s website, the gathering at the Unitarian Universalist Church featured Mahdawi speaking on updates regarding his legal case, alongside guest speakers including constitutional lawyer and civil rights scholar David Cole, Harvard Divinity School Jewish studies professor Shaul Magid, NOFA Vermont executive director Grace Oedel, Vermont-NEA member benefits director Mark Hage, Middlebury College visiting professor Eric Levi Jacobson, and Unitarian Universalist Church minister Rev. Joan Javier-Duval.

Proceeds from the gathering were designated directly for Mahdawi’s legal defense fund. 

The event, however, drew criticism within the community. Investigative journalists Rachel Feldman, based in Vermont, and David Collier, based in the United Kingdom, previously published extensive findings in April 2025 and again in August 2026 detailing Mahdawi’s background, raising serious concerns regarding the decision of a Jewish institution to lend its platform and credibility to his defense. 

Mahdawi’s legal battles began in April 2025, when US Immigration and Customs Enforcement (ICE) agents detained him at a US Citizenship and Immigration Services office in Colchester, Vermont, while he was attending a pre-scheduled appointment for his naturalization test.

Pro-Palestinian activists rally for Mohsen Mahdawi and protest against deportations outside of ICE Headquarters on April 15, 2025 in New York City; Illustrative. (credit: Adam Gray/Getty Images)

Rather than facing criminal charges, Mahdawi was targeted under a rarely used provision of the Immigration and Nationality Act (8 U.S.C. Section 1227(a)(4)(C)(i)), which allows the Secretary of State to initiate removal proceedings against a noncitizen whose presence or activities are determined to carry potentially serious adverse foreign policy consequences.

Then-secretary of state Marco Rubio invoked this provision, citing Mahdawi’s campus activism and pro-Palestinian protests at Columbia University following the October 7 attacks.

Legal, political challenges surround Mahdawi’s detention

Mahdawi’s detention sparked immediate legal and political challenges. While federal district judges initially intervened to secure his release from custody, the legal landscape shifted significantly in mid-2026. The Board of Immigration Appeals ruled that the government had provided sufficient evidentiary backing for his removal, and an immigration judge officially ordered his deportation to Jordan in June 2026. 

Mahdawi subsequently appealed the decision to the US Court of Appeals, while federal appeals panels reinstated aspects of the government’s authority regarding his custody status.

While Mahdawi’s supporters have widely portrayed him as a progressive student leader targeted for exercising his freedom of speech, investigative work by David Collier and Rachel Feldman paints a portrait that contrasts sharply with that narrative

According to Collier and Feldman’s findings, the autobiographical personal narrative Mahdawi has shared across various media outlets, including CBS 60 Minutes and other publications, contains significant factual inconsistencies when cross-referenced against historical records from the Second Intifada, such as B’Tselem casualty databases and weekly updates from the Palestinian Center for Human Rights. 

Specifically, the investigators claim to have found that Mahdawi’s accounts regarding childhood incidents, such as the reported death of a best friend and the circumstances surrounding family members killed during the conflict, did not match recorded historical events, noting instead that the relatives he mourned were active combatants killed while launching attacks against Israeli forces rather than innocent civilians.

Furthermore, the investigative reports uncovered extensive online activity from a public Facebook group created and managed by Mahdawi alongside his mother, Abeer Shamali.

The uncovered digital record documents content stretching from 2012 through 2014, coinciding with the period Mahdawi was preparing to relocate to the United States, wherein Mahdawi and his family systematically promoted a program titled In the House of a Fighter, glorifying and honoring individuals linked to Palestinian terrorist organizations, including members of the Popular Front for the Liberation of Palestine (PFLP) and the al-Aqsa Martyrs Brigade.

Among the material highlighted in the investigation was a video posted to Mahdawi’s group featuring his mother participating in the infamous “Khaybar” chant, a slogan allegedly threatening violence against Jewish people.

Some Beth Jacob members push back against synagogue co-hosting fundraiser

As documented in Collier and Feldman’s investigation, the decision by the Beth Jacob Social Action Committee to co-host the fundraiser and invite Mahdawi for a pre-event discussion triggered immediate pushback among some of its own membership. When concerned congregants circulated the researchers’ findings across the synagogue’s internal mailing lists, leadership faced mounting pressure to address the red flags surrounding the event.

According to the published investigative records, rather than engaging with the documented evidence, prominent supporters within the synagogue sought to deflect criticism. Eric Jacobson, a synagogue member and scheduled speaker at the fundraiser, dismissed Collier’s investigative credentials and questioned the researchers’ linguistic proficiency in Arabic. In subsequent email exchanges documented in the reports, Jacobson questioned whether Collier was on the payroll of Israel’s Ministry of National Security.

The investigative files further detailed that when concerns continued to mount regarding the hosting of an individual associated with the glorification of terrorism, synagogue leadership ultimately postponed an initial in-house reception. Writing on behalf of the Social Action Committee, organizer Alice Silverman acknowledged that members held significant concerns, but explicitly stated that an event to address those issues “would serve a very different purpose than what we are hoping and planning for on August 9, which is to show our full support.”

Collier and Feldman claim in their report that attempts by independent researchers and concerned members to open a dialogue with synagogue organizers were met with institutional resistance. According to the journalists, leadership demonstrated no interest in discussing the documented evidence, choosing instead to push forward with an unconditional expression of solidarity for Mahdawi while attempting to silence internal dissent. 

“There is more about Mr. Mahdawi that has yet to come to light,” Feldman told The Jerusalem Post. “Despite the voluminous amount of local backlash I’ve received since we published, I’d rather keep the community informed and be hated for it than let them blindly cheer for someone whom I firmly believe has no good intentions for Vermonters or Americans.” 

The Beth Jacob Board also spoke to the Post, saying, “The Beth Jacob Synagogue Board supported our Social Action Committee’s request to help organize a fundraiser for a Vermont resident, Mohsen Mahdawi, because we believe the US government has violated his rights of free speech and due process.”

This post was originally published on here. 

Top regime officials will not travel to Pakistan until “appropriate conditions” are met, CBS News reported on Monday, citing comments by Iranian Foreign Ministry spokesperson Esmaeil Baghaei.

According to CBS, the comments came amid a Pakistani invitation for Iranian Foreign Minister Abbas Araghchi and Iran’s top negotiator, Mohammad Bagher Ghalibaf, to visit the country, with Baghaei saying that the trip will occur “whenever the appropriate conditions exist.”

The report noted that Baghaei did not elaborate much on what would be discussed with Pakistani intermediaries during such a trip, though he added that the primary focus would be “bilateral relations.”

Following the comments, Pakistan’s Interior Minister Moshin Naqvi visited Tehran on Tuesday, Pakistani sources told Reuters.

Iran's foreign ministry spokesman Esmaeil Baghaei holds a weekly press conference in Tehran on October 28, 2024. (credit: Atta Kenare/AFP via Getty Images)

Naqvi meets with Araghchi as US, Iran near ‘some sort’ of deal

Naqvi met with Araghchi during the trip, according to a post on the Iranian minister’s Telegram.

Earlier on Tuesday, Pakistan said that the United States and Iran were close to “some sort” of deal, with fellow mediator Qatar saying talks on managing the Strait of Hormuz were at an advanced stage, despite reports of new attacks on shipping in regional waters.

This post was originally published on here. 

Zeev Salant, co-CEO of Omer Construction and Engineering, a veteran construction company that held its IPO in late 2025, said that Israel was better off without Palestinian laborers. 

“The state of the workforce in our industry is better for us than it was before the war. Wages have risen, but roughly, output is 30% higher. A workday for Palestinian workers used to begin at 6:30 a.m., with workers who had to get up at 4 a.m. to reach the construction site. They began shutting down the equipment at 4 p.m. at the latest.

“We’re better off without Palestinian workers,” he said.

Notably, he made the comments after Israel paused Palestinian laborers’ access to working in the West Bank.

“They celebrated the Muslim holidays and also took time off on the Jewish holidays. This is no longer the case. Work now begins at the site at 6:30 a.m. – 6:45 at the latest – and continues until 7 p.m. The laborers also work on Fridays, not to mention that work safety and quality have improved immeasurably. As far as we’re concerned, the current situation is much better than it used to be.”

An illustrative image of Palestinian laborers working on a construction project in Israel. (credit: Menahem Kahana/AFP via Getty Images)

The company’s leadership, which has been operating in the building sector for four decades, has a wealth of experience with the industry’s substantial changes and major crises.

The company is currently led by its three founders: Salant, chairperson Israel Rosenblatt, and co-CEO Baruch Hadad. Salant and Rosenblatt, who studied engineering together at the Technion – Israel Institute of Technology, established a construction planning firm and went on to found Omer Construction. Hadad joined the company shortly afterward.

“I welcome the change taking place in the workforce and the switch to foreign laborers. They have many advantages: quality, the number of managerial staff that must be kept on the site to obtain the required quality, and construction time,” Hadad said.

“In my opinion, these factors are making projects more economically worthwhile than in the past. We still have a shortage of workers, but if this trend continues, the construction industry will experience a significant upgrade.”

Since the war, we have heard many people in the industry talk about the inefficiency of Palestinian workers. Why did we never hear about this before?

“There was no alternative. For years, the Association of Contractors and Builders in Israel (ACBI) and other organizations of contractors tried to increase their foreign workforce, but the state refused to allow it. Despite sincere efforts and many attempts, Israeli workers did not come into the industry,” Salant said.

“We were stuck with the Palestinian workers. The government did not allow us to bring high-quality foreign personnel until the war began and the entry of Palestinian workers was halted. That was the situation.”

The real estate sector has undergone severe, possibly unprecedented, crises following the October 7, 2023 attack and the events that followed it. The personnel crisis was one of the worst – the entry of tens of thousands of Palestinian workers was banned overnight. There was also the problem of materials, which became both more expensive (a global trend), and less available because of Turkey’s ban on exports to Israel.

“The war and the ensuing crises were certainly real problems,” Hadad said.

“It was very difficult to meet the original timetable, and the state is overlooking the objective difficulties and refusing to recognize them. The state shuts down the industry for months, and no one wants to take this into account. The industry simply ground to a halt. The teams and staff, the entire activity of construction companies – things that cost a great deal of money – stopped working at the time. These things eventually caught up with us, as reflected in our profitability levels and the problems we had to overcome, but we got through it, and we’re still getting through it.”

Salant added that the company’s prestige was what allowed it to survive the crisis. 

“Our advantage is our good name. Even when there was a severe labor shortage at the beginning of the war, the workers who were available came to us. Two things are important to subcontractors: getting paid and getting paid on time. If you do that, a contractor will be loyal to you, and that’s what happened. That’s how we were able to narrow the gaps, and the timetable delays were confined to a few projects for a few months.”

Over its four decades in the industry, Omer Construction has primarily engaged in private-sector projects. The company was recently selected to carry out the NIS 480 million Gate project at the entrance to Jerusalem and a NIS 1.2 billion residential project in Acre. The company stresses that it works solely on mega projects, not on small ones.

“If we are offered a project for NIS 50-60 million, we won’t take it,” Salant declares. “It’s too small for us.”

Like many other construction companies, Omer Construction prefers to avoid public sector tenders whenever possible. “In public tenders, whether by local authorities or the state, the decisive element in the tender is usually the price,” Salant said.

“Companies seeking to win the tender make very low bids and try to make their living through changes and additions, which results in continual conflict with the party commissioning the work. That’s not for us. We work in the private market with very intelligent and wise developers who know that it’s better for them if their project is completed on schedule, with suitable quality, within the budget, and with the proper safety level. There are plenty of developers that wish to avoid constant friction with the contractor.”

Omer Construction completed its IPO in December 2025. Today, over six months later, the company’s market cap is over NIS 2 billion, and the return for the people who bought its shares is currently 68%.

Since its founding, Omer Construction has executed projects across Israel. The company currently works in three main spheres: construction, development (residential housing and urban renewal), and income-producing real estate. It also has a subsidiary, Gilmor Construction, which carries out small projects and specializes in finishing work. According to its 2025 report, the bulk of Omer Construction’s revenue comes from contracting – NIS 583 million, compared with NIS 73 million from residential real estate development and NIS 8 million from income-producing real estate.

One of the company’s objectives in its IPO was to reinforce and expand its activity in residential housing development, including urban renewal.

“We began working in development long before the IPO,” said Omer Construction CFO Gideon Kahlon, who, together with Rosenblatt, is responsible for the company’s development activity.

“In recent years, we have built a very substantial portfolio, but it is well known that development is something that takes years, especially urban renewal.

“We now have 13-14 urban renewal projects as well as development projects. When we reached the stage at which the projects required equity and investment on a fairly large scale, it became one of our considerations in holding the IPO – to raise money so that we could undertake the necessary financial investments without pressure, in the knowledge that our cash reserves could service the development projects, improve our negotiating position with the banks, and facilitate access to financial institutions.”

Do you see your development business outstripping your contracting business?

“It’s true that most of our current activity is in construction, but we’re looking ahead to the expansion of our development activity, which will also be reflected in our reports and results and will bring us substantial rewards – not in six months, but five, six, or seven years from now,” Kahalon said.  “We will have a great deal of development activity coming on top of our construction activity, which will increase the volume of our business.”

Was intergenerational transition a consideration?

“There is no doubt that becoming listed on the stock exchange makes an inter-generational transition easier than in a private company, but we have never been a family firm,” Salant said.

“We have always believed that if a family firm does not fall apart in the second generation, it will certainly happen in the third generation. That is why my children and those of Israel Rosenblatt have never worked in the company.

“There has recently been an exception to this rule – Baruch Hadad’s son, a construction engineer, is starting to work at the company – but Omer Construction is not a family firm, and there has never been any intention of making it one. It is a stable, veteran company. People work here for decades, are loyal to the company, are happy there, and look forward to going to work each day. That has always been our concept.”

Where will the company be in another 10 years?

“Operations in the construction sector will continue and remain as significant as they are today. The development business will grow and provide the company with a springboard,” he added.

Another important matter at the heart of the construction industry is work safety on building sites. Despite the growing attention it receives, the number of accidents remains high. 47 workers were killed on construction sites in 2025, compared with 37 in 2024 and 44 in 2023, even though the construction industry was completely shut down during part of each of these years because of the security situation.

“We emphasize safety very strongly in our company,” said Salant. “One of the things we do that happens at no other company is a safety test twice a year for all the company’s employees: once before Rosh Hashanah and once before Passover.

“This test is open to everyone. Those answering it correctly win cash prizes amounting to thousands of shekels. By now, this is a tradition, accompanied by a big buzz. Everyone studies the safety regulations and reviews the material in preparation for the test. This is our approach. We are very strict in this area and regard it as the most important part of everything we have spoken of – that everyone coming to the construction site in the morning should return home healthy at the end of the day.

“We work in a difficult and dangerous industry. It’s not the same as sitting in a bank office. There are many risks. It’s a constant battle from beginning to end. But with everything happening around us, safety is steadily improving. Once upon a time, we had to insist that workers wear safety shoes and protective helmets, but this is no longer necessary. We use technological means to keep track. We have safety supervisors and administrators. Every safety event is reported directly to the three of us — the company heads. Safety is routinely and closely monitored. We treat the small details as seriously as the big issues.”

Has the entry of foreign workers had an impact in this respect?

“Yes. As soon as we switched to foreign manpower, safety improved immeasurably because they are more disciplined. With foreign workers, it’s easier to keep safety under control,” Salant said. 

This post was originally published on here. 

A federal judge in Maryland has denied loanDepot’s bid to dismiss a proposed class-action lawsuit that accuses the lender of violating federal loan officer compensation rules and steering borrowers into higher-rate mortgages.

U.S. District Court Judge Julie R. Rubin on Friday rejected loanDepot’s motion to dismiss for failure to state a claim and for lack of jurisdiction, ordering the company to answer an amended complaint filed by borrowers.

The case centers on alleged violations of the Truth in Lending Act (TILA)’s loan originator compensation rule, which prohibits paying loan officers based on a loan’s terms or interest rate.

In a memorandum opinion, Rubin found that the plaintiffs adequately alleged a concrete financial injury by claiming they paid higher interest rates and fees tied to the lender’s alleged steering and compensation practices.

“Although there appears to be a dearth of caselaw addressing higher interest rates as an injury stemming from steering due to violations of the LO Comp. Rule, federal courts routinely find allegations of higher interest rates based on lenders’ misconduct sufficient to allege an injury in fact at the pleading stage,” Rubin wrote.

She added that, at the pleading stage, traceability requires only allegations sufficient to state that there is a causal connection between the injury and the conduct complained of that is not “highly attenuated.”

Representatives for the plaintiffs and loanDepot did not immediately respond to HousingWire’s requests for comment.

The lawsuit was initially filed in July 2025 and amended in October 2025 by plaintiffs Nathan Johnson, Rachel DeBaun, Nathan Moore and Shawn Derrick. The amended complaint alleges a single count of TILA violation tied to an alleged rate-based compensation system that rewarded loan officers for placing borrowers into more expensive loans.

The borrowers claim loanDepot steered them into mortgages with higher interest rates and/or fees through this compensation structure. Each plaintiff obtained a loan from loanDepot between September 2019 and June 2021 for properties located in Maryland or Virginia. In June, borrowers had to change their representation amid questions of conflict of interest tied to the previous attorney.

TILA generally has a three-year statute of limitations for these types of claims. LoanDepot argued the claims were time-barred, but Rubin found dismissal on timeliness grounds “premature” because the plaintiffs plausibly alleged that loanDepot concealed the alleged scheme and that they did not learn of it until December 2024 or later.

The court noted that the plaintiffs’ allegations “are not terribly detailed” but concluded they are enough to move past the pleading stage and into discovery.

This article was written by Flávia Furlan Nunes and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

This post was originally published on here. 

A 40- to 50 basis-point jump in mortgage rates during the second quarter has weighed heavily on fix-and-flip demand, according to the latest Fix and Flip Market Index from John Burns Research & Consulting and Kiavi.

The overall index fell to a reading of 59 in the second quarter, down from 63 in the prior quarter, marking the second consecutive quarterly decline.

The survey of approximately 275 home flippers revealed that 59% reported an increase in days on market compared with the first quarter, including 83% of flippers in the Northwest and 75% in Texas.

One in five flippers reported selling their homes “mostly below” estimated after-repair values (ARVs), up from 17% in the previous quarter. Nationally, 73% of flipped homes sold for less than $500,000 over the past 12 months.

Flippers in the Southeast and Texas reported the most weakness, with more respondents rating current sales conditions as “poor” than “good.”

“The spring picked up, but the Iran conflict poured water on a heating market. Since [July] 4, there is a noticeable slowdown that feels like it may continue through the balance of the year,” a Nashville-based flipper noted in the report.

Regional disparities emerge

Only Northern California and the Midwest reported more flippers selling above ARVs than below.

Conversely, flippers in the Southwest, Northwest, Florida, Texas and the Southeast reported more sales below ARV.

Northern California commanded the highest average flipped home price at $1.2 million, while average renovation costs fell nationally to $69,000, down from year-ago levels.

Renovations now account for 15% of flipped home sales prices, down from 17% one year ago.

Large flippers outperform 

For the first time, the survey segmented sentiment by flipper size.

Large flippers — defined as those who bought or sold eight or more homes in the prior 18 months — consistently reported stronger market conditions than smaller operators.

“Flippers with consistent volume may have several advantages, including favorable financing terms from lenders for repeat borrowers, deeper relationships with contractors, or a more sophisticated deal pipeline (off-market, wholesale, etc.),” the report stated.

Approximately half of flipped homes were sold to entry-level buyers, while just 15% were purchased by investors in Q2 2026. Move-up and luxury home renovations averaged higher costs, reflecting larger square footage and higher-quality materials.

Financing trends, Realtor implications 

Fifty-nine percent of flippers reported securing new loans in Q2, the highest share in two years.

Average effective interest rates on fix-and-flip loans continued to compress slowly, with analysts expecting further compression as institutional capital enters the residential transition lending space.

With longer days on market becoming the norm — particularly in Texas and the Northwest — real estate agents should prepare clients for extended marketing periods.

The report cautioned that “modeling on backwards-looking comps can understate time-to-sell in today’s markets.”

Flippers are increasingly exploring rental exits. As one Dallas-based flipper noted, “With the increase in days on market, owners are offering properties for rent in hopes of obtaining qualified renters who are moving into the area.”

Renovation scope

Most flippers (91%) perform moderate or heavy renovation work, ranging from cosmetic updates to full-gut renovations.

But the share of repair-and-remodel spending coming from the fix-and-flip space is expected to decrease in the near term as transaction volume and renovation spending both declined year over year.

The survey, conducted in partnership with Homevestors, measured current sales activity at 57 out of 100, with expected sales activity at 61 out of 100 on the index scale.

Values below 50 indicate contraction, while values above 50 indicate expansion.

This article was written by Jonathan Delozier and generated with the assistance of HousingWire Automation. It was reviewed by a HousingWire editor before publication.

This post was originally published on here. 

Industry executives speaking at HousingWire‘s AI Summit on Tuesday predict that AI agents will not only continue to take the reins on tasks now performed by real estate agents, loan officers and other housing professionals but will eventually dominate the home discovery process.

Dan Snyder, CEO of Lower, and Chris Rediger, CEO of HouseCanary, discussed the evolving role of AI at each of their respective companies during a panel moderated by HW Media President Diego Sanchez. Snyder and Rediger agreed AI will likely amplify the productivity of top-performing professionals while reducing demand for more manual roles.

Snyder’s prediction was particularly direct: Consumers will eventually ask an AI agent to find a home based on their goals and preferences, he said, adding that Lower is building an end-to-end homebuying platform through acquisitions, including real estate portal Movoto and mortgage technology company Neat Labs. The goal is to connect the consumer journey from home search through financing and closing.

AI is accelerating that effort, Snyder said, allowing companies to develop and deploy technology faster while reducing reliance on third-party software.

Snyder also expects consumers to increasingly use AI agents to search for homes, compare options, and eventually schedule showings and secure financing, comparing future reliance on AI to mobile banking or consulting with a trusted adviser.

Rediger similarly predicted that AI could allow consumers to identify agents based on much more specific information, such as an agent’s transaction history and negotiating performance.

He said that HouseCanary’s partnership with Google, which is in a national pilot and involves the companies working together to display home listings within Google search, illustrates an early stage of the transition from tool to adviser.

More than 10,000 agents are on a waitlist to have their listings and profiles included, Rediger told the audience.

Replacement for portals?

The Google experience is not intended to replace traditional real estate portals, Rediger clarified. Instead, it serves as a top-of-funnel search tool that can connect consumers with local agents.

“Is what was designed by Google meant to replace a portal? The answer is no. … This is very much like a single-shot hit,” Rediger said.

Still, both executives expect the distinction between traditional search and AI-powered discovery to blur. Rediger said the listing data currently used in Google Search cannot be fed into Gemini or used to train large language models due to existing licensing restrictions. He expects these rules to evolve as the industry develops new ways to license and distribute real estate data.

That evolution could also change how consumers select real estate professionals and search for homes. Instead of relying primarily on referrals or paid leads, buyers could ask AI systems to identify agents based on specific performance criteria, such as experience in a neighborhood or the ability to negotiate discounts.

Snyder said Lower is also using AI to reduce the cost of mortgage origination. A typical loan transaction can involve hundreds of individual tasks, many of which can be automated, he said.

Lower’s goal, he said, is to automate more of that work while preserving the human relationships that remain important to borrowers, allowing the company to lower costs and maintain margins.

Both executives said the companies that successfully integrate AI will have an advantage, while professionals and businesses that resist the technology could struggle.

“The winners will win and the mediocre will go find a different industry,” Snyder said.

This post was originally published on here. 

The board of directors for the Arizona Regional MLS (ARMLS) has appointed Jeff Bosch as the organization’s next CEO, according to an announcement on Tuesday. Bosch will assume the role in November, succeeding longtime CEO Matt Consalvo, who is retiring after 14 years in the position.

Bosch is moving to ARMLS from IRES MLS in northern Colorado, where he has served as CEO for the past five years. In addition to leading IRES MLS, he serves as a director of the Council of Multiple Listing Services (CMLS) and has participated in several industry committees and workgroups.

Prior to his time at IRES, Bosch held MLS leadership roles at MARIS in St. Louis and held leadership positions within the brokerage community, according to the announcement.

“ARMLS is recognized as a leader in the MLS industry, and it is an honor to be selected as its next CEO,” Bosch said in the release. “I look forward to building on that strong foundation and beginning this next chapter with the ARMLS team, its subscribers and the communities it serves.”

ARMLS said Bosch’s arrival comes amid a broader leadership transition that includes a new, independent board of directors structure. 

Consalvo’s departure closes a 14-year run at ARMLS in which the organization grew into one of the nation’s largest and most influential regional MLSs. In February, he announced his plans to retire in 2027. 

“Leading ARMLS has been an honor and a privilege,” Consalvo said in the announcement. “Our agents, brokers, employees and community are in great hands with Jeff. I’m confident he will lead ARMLS successfully into its next chapter.”

As the new CEO, Bosch will be tasked with guiding ARMLS through ongoing policy and technology shifts, including how MLSs respond to new buyer agency practices, evolving state and federal rules, and consolidating technology vendors.

Industry professionals will be watching how ARMLS under Bosch approaches data-sharing initiatives, integration with broker tools and potential alignment with other MLSs in the region.

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. 

The homebuyers at the center of the $475 transaction fee lawsuit filed against Compass have filed a motion to voluntarily dismiss their case.

The Efron suit, which was filed by Jeff and Melissa Efron in late June in Palm Beach County Court, accused Compass of “unfair and deceptive business practices” for allegedly uniformly charging “an undisclosed flat-fee to all Florida purchasing clients.” The plaintiffs reportedly paid Compass $475 when their transaction closed in 2024.

The plaintiffs also claimed that the transaction fee they paid violates the Florida Consumer Collections Practices Act and the Florida Deceptive and Unfair Trade Practices Act because it is “unreasonable, illegitimate, excessive … or were for services which were not performed.” 

Additionally, they claimed that the purchase contract they signed during their transaction was the standard purchase and sale agreement approved by Florida Realtors and the Florida Bar that was later amended to include “additional terms.” They argue that “the modification of a contract approved by the Florida Bar by a non-lawyer is the illegal practice of law.” 

The lawsuit was seeking class-action status.

Compass addressed the transaction fees it charges consumers in the firm’s first-quarter 2026 earnings report, in which Compass acknowledged them as a revenue stream. But the company did not disclose how much these fees were.

The brokerage expanded these fees nationwide earlier this year. Prior to that, they only applied in certain markets, including Florida.

“We primarily generate revenue from our owned-brokerage business when we collect a share of the gross sales commissions that these real estate professionals earn from home sales and certain other fees, such as flat transaction commission fees,” the earnings report states. 

Compass did not immediately return HousingWire’s request for comment.

While some reports, such as one from the Consumer Policy Center, claim that consumers pay up to $2 billion in brokerage transaction fees each year, it is unclear if lawsuits like this will catch on among consumers and class action- plaintiffs’ attorneys.

This post was originally published on here. 

Israeli importers rushed to buy dollars as the shekel strengthened, using the favorable exchange rate to lock in lower costs on goods purchased abroad.

Businesses bought about $12 billion in foreign currency during the second quarter — roughly what they would normally buy in an entire year — according to Bank of Israel data analyzed by Meitav chief economist Alex Zabezhinsky.

The reason is straightforward: Israeli importers often pay overseas suppliers in dollars. When the dollar dropped as low as roughly NIS 2.80, companies could buy dollars cheaply and secure better prices for future shipments of machinery, raw materials and finished goods.

That created a major advantage for importers, but the opposite problem for Israeli exporters. Companies earning dollars overseas received fewer shekels when converting those revenues back home.

The dollar has since returned to around NIS 3, after losing roughly 12% against the shekel over the past year.

Much of the shekel’s strength has come from Israeli pension funds and insurers. They sold about $43 billion in foreign currency over the past year, including $14 billion in the second quarter alone.

Higher currency-hedging costs helped drive those sales. As Israeli interest rates fell while U.S. rates remained relatively high, protecting overseas investments against currency swings became more expensive. Institutions responded by reducing dollar exposure, adding even more strength to the shekel.

Foreign-currency exposure in Israelis’ financial portfolios consequently fell from about 17% to 13%, returning to levels last seen before the judicial overhaul dispute and the October 2023 war.

Israel’s technology sector has added another source of dollars. Israeli tech companies raised nearly $8 billion overseas during the first half of the year, while technology, defense, cybersecurity and research exports continued generating foreign currency.

The strong shekel has clear winners and losers. Importers pay less for foreign goods, potentially helping reduce costs for Israeli consumers. Exporters receive fewer shekels for every dollar they earn.

American companies operating Israeli development centers face the same problem. They generally need to convert dollars into shekels to pay Israeli salaries, rent and taxes, making their Israeli operations more expensive when the shekel strengthens.

Economists now expect some of the extreme currency moves to settle. But U.S. markets remain important: when American stocks rise, Israeli institutions often sell additional dollars to maintain their currency exposure, providing another boost to the shekel.

JBizNews Desk | Tel Aviv

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The U.S. military is about to start ordering missile interceptors by the thousands instead of by the dozens, because five months of war with Iran burned through a stockpile that took years to build and would take far longer to replace.

Army budget documents for fiscal 2027 reviewed by Fox News Digital call for a sharp increase in purchases of Patriot Advanced Capability-3 Missile Segment Enhancement interceptors, known as PAC-3 MSE, and Terminal High Altitude Area Defense interceptors, or THAAD — the two systems that shoot down incoming ballistic missiles. Patriot batteries cover troops, air bases and other high-value sites at shorter range; THAAD reaches higher and farther.

The scale of the change is easiest to see in the old numbers. Army records show PAC-3 MSE buys falling from 328 missiles in fiscal 2022 to 252 in fiscal 2023, 230 in fiscal 2024 and 214 in fiscal 2025, before the fiscal 2026 request funded 320. Meanwhile, the Army Requirements Oversight Council had quietly raised its acquisition objective for the same missile from 3,376 to 13,773 back in April 2025 — more than quadrupling what the service says it needs.

THAAD was thinner still. The Missile Defense Agency bought 11 interceptors in fiscal 2024 and 12 in fiscal 2025; the fiscal 2026 base request called for 25, with $317 million in additional mandatory funding adding 12 more for a total of 37. By fiscal 2027, with THAAD procurement shifted to the Army, the request supports 857 interceptors — 27 through regular funding and 830 through the Munitions Acceleration Council.

“The problem is 25 years of not buying enough munitions,” retired Rear Adm. Mark Montgomery of the Foundation for Defense of Democracies told Fox News Digital.

What drained the shelves was a war that leaned on air defense harder than anything since the Gulf. American interceptors have been fired repeatedly to protect Israel, U.S. forces across the Middle East and Navy ships in the Red Sea. Reuters reported the Army has used virtually all of its Army Tactical Missile System and Precision Strike Missile inventories during five months of fighting with Iran, with Patriot and THAAD stocks also drawn down and slightly under half the global Tomahawk supply expended, according to one source. President Trump has pushed back on those accounts, saying the United States has more munitions than it needs and that American defense firms are producing at record levels while expanding plants and equipment.

For American manufacturers, this is the largest demand signal in a generation. Lockheed Martin builds both the PAC-3 MSE and the THAAD interceptor. The Pentagon has struck framework agreements with Lockheed Martin and Northrop Grumman to boost THAAD and PAC-3 output, including a Lockheed contract valued at nearly $59 billion to triple PAC-3 production by 2030 — though experts caution that congressional appropriations are what turn those frameworks into actual missiles. Deputy Defense Secretary Steve Feinberg went further this month, sending arms makers a memo giving them 21 days to submit plans for faster delivery and expanded capacity on critical systems, telling industry that multi-year development cycles no longer match what the military needs.

Ordering is the easy part. Interceptors depend on specialized production lines and a supplier web turning out rocket motors, seekers, guidance sets and energetics, none of which scales in a quarter. That makes the fiscal 2027 jump less an immediate refill than an attempt to build industrial capacity that can sustain higher output for years.

The reason for the urgency sits in the Pacific. A Heritage Foundation analysis estimates current annual production capacity at 620 PAC-3 MSE missiles and 96 THAAD interceptors, and puts the minimum viable inventory for a conflict with China at 7,082 PAC-3 MSE and 1,394 THAAD — several times what it estimates the U.S. holds today, with actual stockpile levels classified. At current production rates, the report calculates it would take between roughly nine and more than 80 years to reach those numbers depending on the system, and argues the window to close the gap is narrowing.

Report author Jim Fein, a defense industrial base researcher at Heritage, told Fox News Digital the shortage was foreseeable and traces to decades of budget tradeoffs in which other programs won out — decisions made both in Pentagon requests and in what Congress ultimately appropriated.

The mismatch also shows up in cost. Senate Armed Services Committee Chairman Roger Wicker noted in March that the U.S. has been firing $4 million Patriot interceptors at Iranian drones costing a fraction of that.

JBizNews Desk | Washington

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Moody’s has put a name to a risk building quietly inside the banking system: nearly every large bank is racing to install artificial intelligence, and nearly all of them are buying it from the same few companies.

The rating agency’s “Bank of the Future” analysis, published in late July, said AI will eventually cut costs and lift revenue across Wall Street and the City of London, with significant risk attached. Most financial firms now depend on a relatively small group of foundation AI model and cloud computing providers — what Moody’s calls a “systemic dependency” — and an outage at a single major provider could ripple across customers and entire sectors at once. Regulators, the agency expects, will sharpen their focus on operational resilience and third-party concentration as adoption deepens.

The distinction from ordinary technology risk matters. A bank typically runs several different suppliers across different systems. With generative AI, many institutions end up relying on the same underlying models, the same cloud infrastructure and the same handful of vendors. One failure then becomes everyone’s failure simultaneously, rather than one bank’s bad week.

The pricing problem

Moody’s also flagged what it termed vendor dependence risk — the prospect that a set of dominant model and infrastructure providers could, over time, control the price of AI services.

The report named OpenAI and Anthropic specifically, noting that both face investor pressure to reach profitability while still running losses — pressure Moody’s believes could eventually hand those vendors leverage over pricing terms with the institutions building on their models.

That is the sequence worth watching. A bank spends two years rebuilding fraud detection, credit decisioning and customer service around a particular model. Switching costs climb with every workflow moved over. Then the contract comes up for renewal, and the bank’s negotiating position is considerably weaker than it was at signing.

Moody’s added that the payoff may be thinner than banks expect: capturing it requires substantial investment, and with so many competitors chasing the same efficiencies, much of the gain gets competed away. Everyone spends, everyone gets faster, and the savings pass through to customers rather than to shareholders.

The deposit risk

One warning is specific to banking, and it should register with anyone who lived through March 2023. Moody’s said AI could make it far easier for depositors to move money into higher-yielding accounts, potentially shifting significant sums in a short period. That puts depositor trust and funding stability directly in scope.

Silicon Valley Bank collapsed in part because customers could move money out with a phone in their hands faster than the bank could raise liquidity. An AI assistant that continuously monitors rates across institutions and moves cash on its own instruction compresses that timeline further. Moody’s grouped this alongside heightened exposure to data privacy failures, cybersecurity gaps and fraud.

How deep adoption already runs

More than three-quarters of financial services firms in the United Kingdom already use AI, according to a Treasury select committee report. Lloyds Banking Group is the clearest large-scale commitment, with chief executive Charlie Nunn pursuing a £13 billion strategy that includes £2 billion in cost cuts, acknowledging the effect on staff and pledging continued reskilling alongside new hiring.

Moody’s also attached a figure to the displacement question: a one-in-five chance that AI can perform the work of a capable mid-level employee by 2030.

What banks can do about it

The agency did not leave the problem without remedies. Moody’s said banks and insurers can reduce their dependence by keeping control of their own data, applying their considerable experience negotiating technology contracts, using open-source models, and building partnerships rather than single-vendor relationships.

That first item is the one most within reach. A bank’s proprietary data — its lending history, its customer behavior, its fraud patterns — is the asset the model providers cannot replicate. Institutions that keep that data under their own control and portable between systems retain the ability to walk. Those that let it settle inside a vendor’s platform are the ones who will find the renewal conversation unpleasant.

The open-source option has also become materially more credible in the past few months, with capable models now available under permissive licenses that run on hardware a bank already owns. For a mid-sized institution weighing a first AI deployment, that is worth evaluating before signing a long-term commitment to any single provider.

The broader point Moody’s is making is not that banks should slow down. It is that concentration risk is the thing regulators eventually price, and that the industry is building it right now, in plain view, one vendor contract at a time.

JBizNews Desk | New York

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An American defense technology company will build the next batch of small attack drones that Israeli combat units carry into the field. Ondas Inc., the Nasdaq-listed autonomous systems firm headquartered in West Palm Beach, Florida, said Tuesday it won a multi-million-dollar strategic tender from the Israeli Ministry of Defense to develop and produce next-generation tactical attack drone capabilities under a program named “Digital Bat.”

The idea behind the program is straightforward: build a strike drone cheap enough that the army can hand them out to ordinary infantry units in large numbers, rather than treating each one as an expensive asset to be conserved. Ondas will lead development of a new generation of low-cost tactical attack drones designed for scalable deployment across frontline combat units.

What Ondas is contracted to deliver is not just an aircraft. The development work covers the full operational package — the aerial platform itself, the autonomous flight software, mission integration, systems engineering, production readiness, and compatibility with the military’s wider command-and-control environment. In practice, that means a soldier should be able to pull the drone out, send it toward a target, and have it work with the same digital systems the unit already uses.

Eric Brock, Ondas chairman and chief executive, framed the award as proof the company can now run large programs itself rather than supplying parts to someone else. He called it “an important validation of the defense technology platform we are building at Ondas.”

Israel’s defense establishment has been rebuilding its drone procurement from the ground up since the Swords of Iron war, and the shift is toward volume. An earlier tender for assault drones went to Israeli startup Xtend, and senior figures in the country’s defense industry have described the technology as still in its infancy — many expect assault drones to become the infantry equivalent of a grenade or a rocket launcher, a tool a soldier throws a few meters toward an enemy without needing line of sight.

Ondas has not won everything it bid on in Israel. Last month, two young Israeli startups, Kela and eyesAtop, beat Ondas for the separate Ministry of Defense tender covering the autonomous command-and-control platform for the Digital Bat program — effectively the national software layer that will manage future attack drone swarms. The Tuesday award gives Ondas the aircraft side of the same effort.

The company’s Israeli footprint is substantial and was assembled by acquisition. Ondas has bought Israeli firms including Airobotics, Iron Drone and Roboteam, giving it a combined aerial and ground robotics operation inside the country. It also holds contracted work tied to Israel’s Eastern Border Security Barrier through its 4M Defense demining unit. Across the group, Ondas now organizes its defense business into four areas: air defense and counter-drone systems, aerial intelligence, aerial attack, and unmanned ground systems, with AI-based command and mission software tying them together.

Brock tied the Israeli program directly to what is happening in Washington. He pointed to the U.S. Drone Dominance Program, a $1.1 billion initiative aimed at rapidly fielding low-cost unmanned systems including one-way attack drones, and said defense priorities are shifting fundamentally toward affordable autonomous systems that can be produced at scale. The same engineering and manufacturing base, in other words, is meant to serve both markets.

For investors, the timing matters. The award lands two days before Ondas reports quarterly results, and the stock has been on a run. Shares traded around $9.35 in premarket Tuesday, up roughly 8% over the week. The company closed Friday at $9.11 after climbing 21.6% the prior week, and faces a demanding second half: early revenue projections of about $68 million to $69 million for the reported quarter leave more than $405 million to be booked against its $406 million second-half target. Ondas has been stacking orders to get there, including a $50 million U.S. Army task order last week that lifted its Mistral subsidiary’s awards past $240 million under a multi-year lethal unmanned systems contract worth $982 million.

Neither Ondas nor the ministry disclosed a delivery timeline or unit quantities for Digital Bat.

JBizNews Desk | West Palm Beach

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

Mayor Zohran Mamdani and state officials this week announced plans to cool New York City subway platforms that turn into saunas during the summer. The mayor, Gov. Kathy Hochul, and the Metropolitan Transportation Authority are teaming up to study thermal energy networks (TENs) at the Brooklyn Bridge-City Hall and Chamber Street complex, among the city’s hottest subway platforms. The technology, the first in the nation installed in a transit system, involves capturing, storing, and recycling the excess heat to surrounding buildings in the winter. The TENs study will be part of a thorough renovation of the Chambers Street station, one of the city’s oldest.

Photo: Marc A. Hermann / MTA

Funded using congestion pricing revenues from the MTA’s 2020-2024 Capital Plan, the much-needed renovation of the 113-year-old Chambers Street station would rebuild, replace, and upgrade structures, tiles, and stairways, as well as repair leaks and assess water damage. The MTA will assign a contract to move forward on the renovation by the end of this year.

The Brooklyn Bridge-City Hall 4/5/6 station recorded average summer temperatures as high as 96 degrees in 2025. The top-to-toe modernization project offers an opportunity to study TENs as a way of cooling subway platforms and reusing the excess heat in nearby municipal buildings, which would lead to a long-term reduction of energy costs.

The heat would be captured in boreholes that run between 500 and 600 feet underground. A system of circulating pumps and pipes will bring the heat from below the surface to warm the municipal office buildings above, as the mayor said during a press conference on Monday.

“This would be the first thermal energy system of its kind in any American transit system, a historic feat that would not only help the city to save money and limit steam consumption but help us mitigate the extreme level of heat in our subway stations,” Mamdani said.

Heat-related issues can lead to service delays. For its part, the MTA prioritizes dependable service and air-conditioned trains to minimize the time riders spend on platforms, but the new study aims to improve rider comfort even further.

“For years, New Yorkers have suffered through sweltering summer heat on subway platforms, with seemingly no hope for a cooler ride in sight. Today, I can assure riders during this hot summer week that help is on the way,” Hochul said in a statement.

“Working with Mayor Mamdani and the MTA, we are harnessing cutting-edge climate technology for a truly cool purpose: making our subway stations tolerable during the summer and heating critical city buildings during the winter. This is what effective partnership between city and state government can yield—innovative solutions that have the potential to help millions of subway riders.”

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The ongoing American blockade of the Strait of Hormuz is going to cost the Iranian economy around $18 billion annually, Majidreza Hariri, head of the Iran-China Joint Chamber of Commerce, warned the Iranian media site Khabar Online earlier this week.

“We must not get used to the blockade as we did with sanctions,” he told the site. “We should impose the cost of lifting the blockade on the US, even through war.”

Hariri advised that Iran end the blockade by any means necessary, whether through negotiations, threats, or renewing the war, the site reported. His comments came after Iranian President Masoud Pezeshkian reportedly began advocating a strategy to circumvent the naval blockade.

Iran has invested in major infrastructure to increase truck-based trade

Iran has notably invested in major infrastructure to increase truck-based trade, raising the current level of bilateral trade from $3 billion to at least $10b., according to statements made by Iranian Interior Minister Eskandar Momeni last month.

Despite this investment, Hariri said that relying solely on land trade would mean restricting Iran’s import and export capacity to only 20%, and Iran lacks “appropriate relations” to trade with many of its neighbors.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 26, 2026.  (credit: REUTERS/STRINGER)

Though not expanded upon, Hariri’s comments likely allude to the fact that Iran has launched attacks on its Gulf neighbors’ critical infrastructure in addition to the United States military infrastructure housed there.

Based on Hariri’s calculation, a container shipped from China to Iran would cost four times as much to transport by land as by sea, reaching an average price of around $12,000. With around two million containers imported annually, and an average additional cost of $9,000, he said this would translate to around $18b. in additional costs for Iranians.

“The worst thing that could happen today is for us to think that we can circumvent the naval blockade and try to run the country despite it,” he said. “We did something similar with the sanctions. Instead of lifting them or finding mechanisms to neutralize them, we turned to circumventing the sanctions, and the result was a weakened economy and major corruption.”

Cost of land transit could mean non-oil experts would no longer be economically viable

Hariri added that the cost of land transit would also mean non-oil exports – which he valued at around $50b. annually – would no longer be economically viable.

“The naval blockade will create fundamental challenges for the country, and if it continues, the country’s economy will grind to a halt. Our total foreign trade is $100b. a year, and adding $20b. in costs to it would bring the entire process to a standstill,” he said.

“Perhaps in the short term, for several weeks or at most a few months, we could use rail and roads to obtain urgent necessities, but this would only work as a necessary measure during a short-term emergency. This is simply about staying alive, but with this approach, the ability to continue operating will be lost.”

He added that the sanctions had already “dramatically increased the costs of our trade, reduced national revenues, and caused the economy to develop an exhausted structure,” and that attempts to circumvent them had led to corruption.

“With the blockade, these developments will occur on a scale several times larger if we convince ourselves that we can circumvent it. We must not allow our economy, or the enemy, to get used to our naval blockade,” he said.

Hariri said that even if it came to “pleading” or renewed war, “this naval blockade must end,” as the consequences of war wouldn’t come close to the economic problems and goods shortages that will result from the continued blockade.

“We must also eliminate the perception in the US that it can resort to such an action whenever it wants, and make it understand that the consequences of such a move could be severe,” he advised.

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Venture capital firm OurCrowd has appointed Cali Chill as chief executive officer, formally placing the seven-year company veteran at the head of the Jerusalem-based venture investment platform after he served as acting CEO since mid-2025.

Chill had been serving as acting CEO and chief operating officer after OurCrowd founder Jon Medved stepped back from day-to-day management for medical reasons. The company’s board of directors has now appointed Chill to the role on a permanent basis, OurCrowd announced Tuesday.

“I am honored to lead the next chapter of the OurCrowd story,” Chill told The Jerusalem Post. “The company is made up of some extremely talented and hard-working people, and it will be thanks to their true dedication and unwavering commitment that we take the OurCrowd investment platform to new heights.”

Chill added that he was “energized by what we can all build together from here.”

Company working to introduce more AI tools into its investment and asset-management process

The formal appointment follows a year in which OurCrowd said its leadership team focused on stabilizing operations, narrowing its investment strategy toward fewer high-conviction deals and assessing options for monetizing parts of its existing portfolio. The company has also been working to introduce more artificial intelligence-based tools into its investment and asset-management processes.

Artificial Intelligence (Illustrative). (credit: INGIMAGE)

Earlier this month, OurCrowd announced one of the largest exits in its portfolio after Visa agreed to acquire Israeli fraud-prevention company BioCatch in a deal reportedly valued at $2.4 billion.

OurCrowd was an early investor in BioCatch and continued investing in the company as it grew. The acquisition remains subject to regulatory approvals and other customary closing conditions and is expected to close by the end of Visa’s fiscal second quarter of 2027.

Ben Plotkin, chairman of OurCrowd’s board of directors, said the board had been encouraged by the company’s performance since Chill took over its day-to-day management.

‘I am excited about OurCrowd’s prospects’

“I am very pleased with the company’s progress and accomplishments over the past several quarters,” Plotkin said. “Since Cali took charge of the operation, the firm has been managed with increasing financial discipline and operational focus.”

“Having worked closely with Cali since the leadership transition of 2025, I am excited about OurCrowd’s prospects, and the board has full confidence in Cali’s ability to lead the firm through this next chapter,” he added.

Chill joined OurCrowd seven years ago as general counsel and later served as chief legal officer. He subsequently became head of funds, overseeing the company’s in-house and third-party investment funds, before serving as chief investment officer and chairman of OurCrowd’s investment committee.

Before joining OurCrowd, Chill served as general counsel of Nasdaq-listed Answers Corporation and AFCV Holdings, a private-equity-backed technology investor.

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Open displays of support for the Islamic regime in Iran were seen throughout Sunday’s Arbaeen Procession in London.

The Arbaeen Procession is an annual public march held to commemorate Imam Hussain, the grandson of the Prophet Muhammad, who was martyred in Karbala, Iraq, in 680 CE.

Arbaeen marks the 40th day after his martyrdom and is designed to remember his believed stand against oppression and injustice. For those who cannot get to Iraq for the Karbala procession, there are many similar marches around the world.

Sunday’s Marble Arch procession, organized by Hussaini Islamic Trust UK, saw an estimated 35,000 people attend. According to the trust, this was the largest-ever gathering in the 46 years the event has been held in the UK.

While the entire purpose of the event is to remember and commemorate Hussaini’s stand against injustice and oppression, Sunday’s event saw significant support for Islamic regime figures.

Open displays of support for the Islamic regime in Iran were seen throughout Sunday's Arbaeen Procession in London, August 9, 2026. (credit: INSTAGRAM SCREENSHOT)

The Jerusalem Post reviewed hundreds of videos and photos from the event, finding dozens (if not more) posters and flags of the late Ayatollah Khamenei, and hundreds of Islamic regime flags.

One in particular stood out – a poster by the Islamic Human Rights Commission saying ‘Choose the right side of history’ superimposed on a photo of Khamenei.

IHRC under investigation by UK since 2017 over regime ties

The IHRC has been investigated by the UK’s Charity Commission since 2017 for its alleged ties to the Iranian regime.

The watchdog issued an official warning to the IHRC in March 2023 after a statutory investigation into concerns of “misconduct and/or mismanagement.” However, the case remains ongoing, and no enforcement or penalty against the IHRC has been published to date.

IHRC also organizes the extremist annual event Al-Quds Day (“Jerusalem Day”).

Also visible in the footage from Sunday was a man wearing a keffiyeh featuring the three supreme leaders of the Islamic regime – Khomeini, Khameini Sr and Khameini Jr.

The brazen displays of pro-regime propaganda during Sunday’s Arbaneen march were particularly striking given the UK’s recent introduction of the National Security (State Threats) Act 2026.

The new legislation, brought into law in July, gives the Home Secretary new powers to designate organizations that are involved in state-threat activity linked to a foreign power.

On 17 July 2026, the Islamic Revolutionary Guard Corps (IRGC) was officially designated.

This made expressing support for the IRGC a criminal offense.

Support for Ayatollahs could be seen as criminal offense

Given that the Ayatollahs are the ultimate authority over the IRGC, displays of support for them could be seen as support for the organization.

The Post reached out to the Metropolitan Police to confirm whether any action was taken.

Former Shadow Justice Secretary MP Nick Timothy wrote on X/Twitter: “You might be forgiven for thinking this is Tehran. But no, it is London. Where those who live among us openly celebrate the antisemitic and terrorist state of Iran.”

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Syria will host a delegation from the International Atomic Energy Agency (IAEA) in the coming days to announce “significant progress” on the issue of nuclear materials, Syria’s Atomic Energy Commission said early on Tuesday, without providing further details.

Since the ouster of President Bashar al-Assad in late 2024, Syria’s new authorities have committed to working with the United Nations’ nuclear watchdog to address the legacy of nuclear activities during decades of Assad family rule.

Syria is not known to hold operational stockpiles of nuclear material for a weapons program, but Israel bombed a suspected Syrian nuclear reactor in 2007 in the country’s eastern province of Deir al-Zor.

The IAEA said last year that it had found traces of uranium in its investigation into that site. The traces were found at one of three unnamed locations “that were allegedly functionally related” to the site of interest in Deir al-Zor.

In June, IAEA chief Rafael Grossi said that as soon as conditions allow, the agency planned to conduct further work in the area to “achieve full clarity regarding past nuclear activities in Syria.”

Director General of the IAEA Rafael Grossi arrives to attend a Board of Governors' Meeting at the agency's headquarters in Vienna, Austria on June 8, 2026. (credit: Joe Klamar / AFP via Getty Images)

Citing Israeli and US officials, Axios reported on Monday that the IAEA would soon remove nuclear material stored at a clandestine site in Syria after the administration of US President Donald Trump reached understandings with both Syria and Israel.

Syria has not commented on the removal of nuclear materials. A Syrian official with knowledge told Reuters that discussions with the IAEA on the nuclear material file as a whole were still underway, and that “no final agreement has been concluded.”

Syrian official: ‘No Israeli role’ in Syrian process with IAEA

“Consultations are underway on establishing an international support group to coordinate the necessary technical and legal assistance,” the official said.

The Syrian official said Syria was consulting with the IAEA to fulfill its own obligations and that “there is no Israeli role in this process.”

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IDF troops opened fire on a suspected Hamas sniper who posed an immediate threat near the Yellow Line in northern Gaza, the military said on Tuesday.

The troops identified a hit after firing at the man, according to the IDF, which did not provide further details on his condition.

The military said Southern Command troops remained deployed in the area under the ceasefire agreement and would continue to act against immediate threats.

The Yellow Line boundary 

The Yellow Line was established under the October 2025 ceasefire agreement as the boundary to which Israeli forces withdrew, leaving the IDF in control of roughly 53% of Gaza. It separates the Israeli-held area, largely in the east and south of the Strip, from the densely populated coastal area under Hamas control.

Israeli forces have since pushed beyond the original boundary, with senior military officials telling the Security Cabinet in July that the IDF controlled between 67% and 70% of the Strip.

Illustrative: Hamas' armed wing, releases video it says shows fighters using a Hamas-made sniper rifle to shoot Israeli soldiers. (credit: screenshot)

However, senior officials from US President Donald Trump’s Board of Peace said this week that the IDF was now positioned along the original Yellow Line, with no forces or outposts remaining beyond it.

The officials said Israel had also halted targeted killings and was observing the ceasefire in practice, despite Prime Minister Benjamin Netanyahu’s public rejection of the board’s proposed 15-point framework for Gaza. Netanyahu has said the IDF will not withdraw further until Hamas is fully disarmed, but will continue to act against immediate threats to Israeli troops and civilians.

Amichai Stein contributed to this report.

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A Chinese citizen pleaded guilty in federal court to charges related to attempting to smuggle US military hardware to China in violation of the US Arms Export Control Act, according to the US Justice Department (DOJ) on Monday.

Dingwei Chen, a 29-year-old citizen of the People’s Republic of China (PRC), tried to purchase US-manufactured military-grade communications hardware, such as radios and satellite modems, on the black market.

Chen worked with individuals in China to acquire the communications systems from foreign arms dealers, eventually making a down payment of $40,000 to secure the technology.

The co-conspirators then made another payment in cryptocurrency, equivalent to $30,000, for the purchase of 10 satellite modems.

Chen, co-conspirators attempted to avoid law enforcement detection

Chen and his accomplices shifted to using cryptocurrency because, according to the DOJ, they noted that cryptocurrency wallets “are essentially anonymous bank accounts. Each transaction processed through them is private and untraceable.” 

Radars are seen during a military parade marking the 80th anniversary of victory over Japan and the end of World War II, in Beijing's Tiananmen Square on September 3, 2025. (credit: Greg Baker/AFP via Getty Images)

Using encrypted apps to communicate in an effort to avoid detection, Chen claimed that the purchase of 10 modems was just an initial deal, and that he had enough funding to obtain tens of millions of dollars worth of military technology.

Chen and the co-conspirators also discussed plans to covertly export the hardware to China, initially weighing shipping them through Switzerland or retrieving them in Saipan in the Northern Mariana Islands. Eventually, they agreed to smuggle the military equipment through Mexico.

Such hardware is illegal to export without a license issued by the US Department of State’s Directorate of Defense Trade Controls, the DOJ stated. 

Chen’s guilty plea was accepted by a federal court in Salt Lake City, and he faces a maximum sentence of 20 years in prison.

Smuggled equipment may have been used against US

Assistant Attorney General for National Security John A. Eisenberg asserted that if Chen had been successful in diverting the communications equipment to China, it may have been used against the US in the future.

“Today’s guilty plea underscores the serious consequences for those who attempt to illegally procure, export, or transfer sensitive US-origin military equipment,” Acting Special Agent in Charge of US Immigration and Customs Enforcement Investigations Spiros Karabinas added.

“Protecting American innovation and preventing critical technologies from reaching foreign adversaries, terrorist organizations, and transnational criminal organizations is a core national security mission,” Karabinas continued, praising law enforcement agencies for their collaboration on holding Chen accountable.

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Exceptionally low water levels on the Danube have exposed parts of the foundations of the ancient Constantine Bridge, giving Bulgarian archaeologists a rare opportunity to document what they describe as one of the Roman Empire‘s most impressive engineering achievements.

A succession of record-breaking heatwaves in Europe this summer has caused a severe drought in parts of the continent, affecting major waterways such as the Danube and the Rhine.

“For archaeologists, these moments are extremely valuable because nature briefly reveals an object that is hidden beneath the Danube for most of the time,” said Pavel Popov of the Regional Historical Museum in Pleven. “It gives us a rare opportunity to observe, document and study it in its real environment.”

The bridge, commissioned by Emperor Constantine I and inaugurated in 328 CE, linked the ancient city of Ulpia Oescus with Sucidava in what is now Romania. Stretching more than two km (1.2 miles), it is regarded as one of the longest bridges of antiquity, though short-lived. It is believed to have been largely destroyed around 367 CE.

A team from the Pleven museum carried out aerial photography and documentation of visible bridge remains, close to the village of Gigen in northern Bulgaria.

A drone view of the foundations of the ancient Constantine Bridge, commissioned by Roman emperor Constantine I and inaugurated in A.D. 328, is seen in the Danube River near Gigen, Bulgaria, in this handout image released on August 6, 2026. (credit: Regional Historical Museum - Pleven/Facebook)

Researchers used drones to map and photograph the exposed remains, tracing the line of visible foundations and assessing their condition.

The Danube’s water levels have been receding all across Europe, revealing finds from as far back as the Ice Age.

Near the Serbian port of Prahovo, the Danube’s receding water levels have revealed dozens of German battleships sunken during World War II.

At least 20 warships can be seen emerging from the Danube, according to CBS News, adding that they are believed to have  belonged to Nazi Germany’s Black Sea fleet, sunken by the German’s during their retreat from Romania near the end of the war.

Remains of two Nazi soldiers found in Budapest 

On the riverbank near Batthyány Square in Budapest, the German War Graves Commission (Volksbund) announced last week that the skeletal remains of two Nazi soldiers had been found alongside a World War II DKW NZ 350-1 motorcycle.

The dog tags of both soldiers are complete, Volksbund noted, explaining that this likely meant the two soldiers had been declared missing as no offical notice of their deaths had been recorded at the time.

The two are expected to be buried in the Budaörs German Soldiers Cemetery outside of Budapest.

Ice Age mammoth remains unearthed in Bulgaria

Two weeks ago, the Bulgarian News Agency (BTA) reported that the remains of the ancient mammoth (Mammuthus primigenius) were found in northern Bulgaria after Danube’s water levels receded to a record low.

The animal’s remains were found by a local resident of the Ryahovo village, who noticed the unusual find on the river bed. Villagers then alerted specialists in the Regional History Museum in the nearby town of Ruse.

Ryahovo Mayor Hristina Ivanova shared with BTA that the area was particularly interesting from a historical perspective, and that over the years, “various finds have been discovered here, including animal remains, vessels and other objects.”

Miriam Sela-Eitam contributed to this report.

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The jury in Luigi Mangione’s murder trial next month on charges of gunning down a health insurance executive on a Manhattan sidewalk will be anonymous, the judge overseeing the case said at a hearing on Tuesday.

New York State Justice Gregory Carro did not explain why jurors would remain anonymous. While not the norm in US criminal trials, judges often decide to shield jurors’ identities from the public in high-profile cases where there is concern jurors may be subject to harassment or intimidation.

Mangione, 28, is accused of shooting UnitedHealthcare CEO Brian Thompson outside a hotel in December 2024. The killing was widely condemned by public officials but became emblematic of many Americans’ frustration with health insurance industry practices.

Mangione has pleaded not guilty to murder, weapons, and forgery charges brought by Manhattan District Attorney Alvin Bragg. He also pleaded not guilty to stalking charges in a separate federal case.

At Tuesday’s hearing, Carro also ruled that an overflow courtroom would be made available for the press and the public to witness the trial if the main courtroom fills to capacity.

 Police officers stand near the scene where the CEO of United Healthcare Brian Thompson was reportedly shot and killed in Midtown Manhattan, in New York City, US, December 4, 2024. (credit: SHANNON STAPLETON/ REUTERS)

Prosecutors say they can prove Mangione’s guilt with hundreds of hours of surveillance video, fingerprints, DNA, a cellphone, a gun with matching ballistics and a notebook in which Mangione allegedly wrote of hating insurers and wanting to kill.

Mangione’s lawyers have revealed almost nothing about their potential trial strategy, though a July court filing indicated they might argue Mangione lost control of his actions due to an extreme mental health breakdown. They have not conceded that he was the shooter.

Former UnitedHealthcare CEO shot dead outside hotel

Thompson led UnitedHealth Group’s insurance unit before he was shot dead in the early morning outside a hotel where an investor conference was taking place.

Graphic footage of the killing and a five-day manhunt for a suspect made the case a media fixture and social media sensation. Mangione was arrested in Pennsylvania.

His trial in the federal case is scheduled to begin in January.

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Almost half of Britons want to see fewer or no Israeli immigrants in the UK, a new YouGov poll named “Britons have a more negative view of immigration in 2026 than in 2016” has revealed.

When asked, “What countries do Britons think we should allow more and fewer migrants to come from?” 23% of respondents said there should be less immigration from Israel to the UK, and 24% said there should be none.

This meant a total of 47% wanted either a partial or total reduction in Israelis being allowed to live in Britain.

This represented an eight-point increase from 39% in 2016.

The YouGov poll also explored how the views of those who voted either Remain or Leave in the Brexit referendum have changed since 2016 regarding migrant nationalities.

Metropolitan Police officers stand on duty as people attend a rally organised by the Campaign Against Antisemitism, opposite Downing Street in central London on April 30, 2026. (credit: CARLOS JASSO / AFP via Getty Images)

The overall finding was that Remain and Leave voters have generally changed their opinions in the same direction. There were not many cases where, for example, Remain voters became more welcoming toward a nationality while Leave voters became less welcoming toward that same nationality.

But there are some interesting exceptions.

Voters have become more negative

Notably, Remain voters have become more negative towards migrants from the US and Israel, compared to virtually no change among Leave voters. The percentage of Remain voters who wanted fewer or no migrants from Israel increased from 27% in 2016 to 41% in 2026, while in both 2016 and 2026, 52% of Leave voters said there should be fewer or no migrants from Israel.

On the other hand, Leave voters have become substantially more welcoming toward Polish, French, German and Japanese migrants.

Splitting by political party (determined by who the respondent voted for in the 2024 elections), the highest levels of negative views towards Israeli migrants were seen among Reform UK and Green voters, at roughly 52-53%.

Labour and Conservative voters are around the mid-to-high 40s, while Liberal Democrat voters are lowest, at around 41%.

Overall, Russia recorded the highest combined opposition to immigration at 58%, followed by Pakistan at 52%, Nigeria at 48%, Israel at 47%, Egypt and India at 44%, and Turkey at 43%.

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The pace of existing home sales cooled as temperatures heated up in July. According to data released Tuesday by the National Association of Realtors’ (NAR), existing homes sold at a seasonally adjusted annual rate of 4.06 million homes in July, down 1.7% from June, but up 0.7% compared to a year ago. 

In addition, the median sales price came in at  $434,100 up 2.0% compared to a year ago, marking the 37th consecutive month of year-over-year price increases.

Despite the slower sales pace, the inventory of unsold homes shrunk in July, with just 1.54 million units on the market at the end of the month down 1.9% compared to a year ago and the equivalent of 4.6 months’ supply at the current sales pace. 

“Home sales have been remarkably stable, even amid the rising mortgage rate environment of the past few months,” Lawrence Yun, NAR’s chief economist, said in a statement. “Year-to-date sales are up 2.4% and there’s no doubt that the housing market would be thriving if average mortgage rates were to return near 6%.”

Regionally, existing home sales were up month-over-month in the Northeast (+2.0%), down in the Midwest (-2.0%) and the South (-3.1%) and unchanged in the West. Annually, sales were up 2.1% in the Midwest (970,000 units) and 1.4% in the West (730,000 units), but unchanged in the South (1.86 million units) and the Northeast (500,000 units). 

In addition to existing home sales data, NAR also released its Housing Affordability Index which came in at a reading of 103.3, up from 98.3 a year ago. The index showed that affordability improved compared to a year ago in all four regions with it improving the most in the West (+7.3%) and the least in the Northeast (+1.5%). Additionally, the Realtors’ Confidence Index showed that the median days on market was up one day from both a month and a year ago to 29 days. The report also found that first-time homebuyers accounted for 29% of sales, up from 28% a year ago, but down from 33% in June. 

HousingWire Data shows that single-family existing home sales may be on the rise in August after the slower pace in July. According to the data, for the week ending on August 7, 2026, sales of single family homes rose 11.8% week-over-week to 83,051 homes. However, data shows that it still may not be smooth sailing for the market, as pending home sales were down 3.9% compared to a week ago. 

“There’s a disconnect with both buyers and sellers right now,” Mary Lee Blaylock, the president of Coldwell Banker Affiliates, said in a statement. “Buyers are still coming off of years of experiencing a seller’s market, and that shift is creating some unclear expectations. Many buyers think they can leverage a balancing market to score a deal, but the reality is that the housing market is more nuanced than that – a buyer’s ability to lead the transaction greatly depends on where they live. On the other hand, sellers are working through shifting expectations. Now that homes aren’t flying off the market as they did a few years ago, accurate pricing is critical.”

This post was originally published on here. 

Locked loan data across all borrower credit profiles shows that mortgage rates continue to hover near 7%. But a negative jobs report in July may keep monetary policy makers from initiating a higher path for rates, which some market observers have been predicting for months.

At HousingWire‘s Mortgage Rates Center on Tuesday, rates for 30-year conforming loans averaged 6.91%, down 1 basis point from a week ago. Rates for 30-year jumbo loans dropped 3 bps to 6.92%, while rates for 30-year loans through the Federal Housing Administration (FHA) were up 4 bps to 6.65%.

Rates haven’t moved much following last week’s jobs report from the U.S. Bureau of Labor Statistics, which found that nonfarm payrolls shed a total of 23,000 positions in July. Cotality chief economist Selma Hepp said in response that the pullback “points to a more pronounced slowdown in the labor market than previously understood.” Additionally, data for May and June were revised downward by a combined 103,000 jobs.

“Slower job growth can dampen consumer confidence and make households more cautious about major financial decisions, including home purchases, pressuring the Federal Reserve to take measures to stimulate economic growth,” Hepp said. “The weaker employment data increases the likelihood that the Federal Reserve will resist future rate hikes, and may even consider cutting rates, offering some relief to homebuyers and supporting housing demand later this year.”

‘Breathing room’ from a rate hike?

Joel Kan, vice president and deputy chief economist for the Mortgage Bankers Association (MBA), pointed to wage growth of 3.2% that was surpassed by the most recent inflation data. Additionally, while the unemployment rate dropped slightly to 4.1%, that was driven by a decline in the labor force participation rate rather than new hirings.

“The weaker July employment data might provide a little breathing room for the Federal Reserve as it considers its next policy move, but inflationary pressures are expected to persist through the remainder of 2026 with no clear end in sight for the war in Iran,” Kan said. “We anticipate that the Federal Reserve will raise the fed funds rate in early 2027, but any additional upside surprises to inflation are likely to bring that timetable forward.”

Sam Williamson, senior economist at First American, said that “much of July’s weakness was concentrated in government education, where payrolls fell sharply at the end of the school year, which likely exaggerated the headline decline. Even so, the recent trends make clear that the labor market has lost some of its recent momentum.”

The weakness in the labor data is expected to offset rising upside risks to inflation. For the housing industry, it could mean marginal relief for homebuyers as the Fed will be less inclined to raise rates.

“Slower hiring can also weigh on job mobility and consumer confidence, so the housing benefit is likely to be modest,” Williamson said. “Still, a cooler labor market that takes some pressure off borrowing costs would be a better backdrop for buyers than another leg higher in mortgage rates.”

The CME Group‘s FedWatch tool on Tuesday showed a 50/50 split among interest rate traders that a Fed rate increase is coming in September. The odds move higher in October, with roughly two-thirds of traders saying that rates will be either 25 bps or 50 bps higher.

What are Fed officials saying?

Last week, Anna Paulson, the president of the Federal Reserve Bank of Philadelphia, said she was keeping an “open mind” about the future path for interest rates, according to reporting by Bloomberg. Paulson envisions two possible scenarios for how current monetary policy under Chair Kevin Warsh will play out.

One scenario is that further evidence of cooling inflation and stable expectations for future prices will emerge, showing that current rates are “mildly restrictive” and that inflation will drop back to the Fed’s 2% goal in an “acceptable time frame,” she said. But the alternative scenario would support a higher federal funds rate, she indicated.

“If instead underlying inflation remains stubbornly elevated, the passage of time without progress would itself signal that more restrictive policy is needed,” Paulson said.

While three Fed officials — Beth Hammack, Neel Kashkari and Lorie Logan — voted in favor of a 25-bps rate hike last month, Paulson was firmly in the camp of keeping rates untouched, saying that “the evidence so far suggests we’re in a mildly restrictive stance.

“If we don’t see that progress [on inflation], then we have to be open to recalibrating monetary policy. We need to get to 2%,” she added.

Meanwhile, Fed Gov. Lisa Cook — who continues to be scrutinized by the Trump administration over mortgage fraud accusations — touched on the U.S. economy and monetary policy during an economic development event last week in Anchorage, Alaska.

“This year has brought two unexpected sources of price pressure: The Middle East conflict has driven the cost of energy and certain other goods higher, and companies are ramping up capital spending to build out artificial intelligence (AI) infrastructure,” she said during prepared remarks.

“That investment wave has lifted prices for semiconductors, high-tech equipment, software and utilities. Taken together, these developments have shifted the balance of risks toward inflation and away from the labor market.”

Cook went on to say that while the long-term impacts of the Trump administration’s tariff policies “may no longer provide much inflationary push going forward,” uncertainty remains, prompting her to support stable rates while the economic environment evolves.

“If I do not see signs of continued disinflation soon, I am prepared to act,” Cook said. “With five years of above-target inflation, the risk grows that higher inflation may become entrenched in price- and wage-setting behavior, leading to persistence that would be much harder for us to attack.

“The longer inflation is above target, the more likely this scenario becomes. Thus, while we might be able to afford to wait for longer in a different environment, we do not have that luxury in this one.

This post was originally published on here. 

One year after speaking at the second annual HousingWire AI Summit, Ryan Grant, president of NEO Home Loans, returned to the stage to share updates on his company’s partnership with Better Mortgage and its technological prowess.

The conversation came just a week after a pivotal leadership shakeup at Better Home & Finance Holding Co., with CEO Vishal Garg stepping down and being succeeded by board member Daniel Lewis as interim CEO. NEO has been partnered and powered by Better since January 2025.

Sitting down with HousingWire CEO Clayton Collins at the third annual AI Summit on Tuesday, Grant said he views the change as a natural evolution. It comes as Better reaches a point where it needs to focus on executing the technology platform it has built before pursuing its next wave of innovation, he said.

“Every company in general kind of reaches a point where the vision takes you so far,” Grant said. “Without that operator and without the disciplined execution … the future stuff becomes noise.”

The transition has raised questions about whether Better will continue investing heavily in artificial intelligence and other technology amid concerns about profitability and spending, a topic that Collins asked Grant about on stage.

“We have barely scratched the surface,” Grant told Collins. “We’re trying to figure out how to move from an antiquated, human-centered industry … to what is possible if we get this technology right.”

Calculating the cost to produce loans

Aside from addressing Better‘s leadership shuffle, much of Grant’s discussion with Collins centered on how AI is affecting the cost of producing a mortgage.

Grant argued that the industry first needs to establish a more standardized definition of “cost to produce,” noting that lenders calculate the metric differently depending on whether they operate in the retail, wholesale or direct-to-consumer channels and which expenses they include.

At NEO, for example, Grant said the company focuses on the mortgage manufacturing process, including underwriting, closing, funding, post-closing and shipping. Grant said that underwriters who previously handled two to three loans per day can now process eight to 10, with about half of these files requiring little or no manual intervention from the underwriter.

Closers and funders, meanwhile, have increased their productivity by roughly 90%, Grant said. He estimated NEO’s cost of production at roughly $700 to $800 per loan in its direct-to-consumer operation and about $1,200 to $1,300 in retail. The figures exclude sales and origination commissions.

The retail figure is higher, he said, because NEO handles a broader range of products, including non-QM and other purchase products, while its direct-to-consumer business has a narrower credit box.

As AI is changing the mortgage workforce, Grant said that despite productivity gains, NEO can’t simply eliminate staff, Grant said. The company has grown by about 100% over the past 18 months, driven by new employees and increased production from existing teams.

Grant said that NEO aims to operate at about 75% staffing capacity, leaving roughly 25% of capacity available if mortgage volumes increase. Grant added that NEO has moved away from a traditional processor role as technology takes over more of the administrative work, leading preapproval specialists and loan specialists to become focused more on the consumer experience.

The goal, Grant said, is to allow mortgage professionals to “go be human” with consumers rather than spending their time managing processes and paperwork.

The same philosophy applies to originators. Grant said the best mortgage professionals should not need to spend their days inside a customer relationship management system or loan processing platform. Instead, technology should operate around them while they focus on business development, education and client engagement.

Winning consumer trust in AI

Getting employees to trust AI remains one of the biggest challenges to adoption. Using an interaction with a recently hired underwriter who continued to manually review loans that had already been underwritten by Better’s AI system as an example, Grant said that the underwriter wanted to make sure the loans were correct because his name and license were attached to them.

Grant said the conversation illustrated the cultural hurdle facing mortgage companies that deploy AI. Employees need to see the technology as a partner rather than a threat to their jobs.

NEO has addressed some of that resistance by making its technology the primary system employees use rather than offering it as an optional tool. That has resulted in full adoption, Grant said, although employees are still learning how to take advantage of the technology’s more advanced capabilities.

“They just need to know you can trust it,” he said.

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. 

Nvidia plans to invest as much as $3 billion in Lancium, the Texas power-infrastructure developer behind a major Stargate data-center campus, pushing the world’s most valuable AI chipmaker deeper into the electricity and real-estate bottlenecks now limiting artificial-intelligence expansion. 

The reported deal calls for Nvidia to initially invest $2 billion for roughly a 20% stake in Lancium, with another $1 billion available if the company reaches additional milestones. Lancium develops large-scale power infrastructure and is helping build the Abilene, Texas, campus tied to Stargate, the AI infrastructure venture backed by OpenAI, SoftBank and Oracle. 

The significance is that Nvidia is no longer limiting its strategy to selling chips into the AI boom. The company is increasingly investing across the infrastructure needed to make those chips useful, including data-center operators, networking companies and now the power systems that determine where new computing capacity can actually be built.

Electricity has become one of the biggest constraints on AI expansion. Developers can buy servers faster than utilities can always provide new generation, substations and transmission capacity. That has made land with secured power access dramatically more valuable and turned grid connections into strategic assets.

For Nvidia, the investment helps protect demand for its own processors. A data center that cannot obtain enough electricity cannot install more GPUs, regardless of how strong customer demand may be. Supporting companies that solve those infrastructure problems therefore helps expand the market Nvidia ultimately sells into.

The strategy is also becoming more expensive. Nvidia has made dozens of private-company investments across the AI ecosystem, raising questions among investors about how aggressively the company should deploy its enormous cash generation outside its core chip business. Nvidia shares slipped Monday as investors assessed the reported Lancium deal alongside its broader investment program. 

For utilities, developers and infrastructure investors, the larger message is clear: AI capital is moving downstream. The next wave of spending is increasingly reaching electricity generation, transmission, cooling, land and construction rather than stopping at semiconductor manufacturers.

That broadens both the opportunity and the risk. If AI demand continues rising, companies controlling scarce power and data-center capacity could become some of the biggest beneficiaries. If expectations fall short, those same multibillion-dollar infrastructure commitments could leave investors holding expensive assets built around growth assumptions that never fully materialize.

JBizNews Desk | Texas

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Reproduction or distribution without written permission is prohibited.

The Federal Reserve sets interest rates using government statistics that describe the economy as it was several weeks ago and get revised later. Chairman Kevin Warsh wants to change that, and the first concrete step is a small committee that includes the man who ran Walmart.

Warsh appointed a data task force last month charged with improving the “quality and timeliness of real economic signals that inform the Federal Reserve’s policy judgments.” Its members are Harvard economics professor Raj Chetty, former Walmart chief executive Doug McMillon, and University of Chicago economics professor emeritus Kevin Murphy.

The McMillon appointment is the tell. A retailer of Walmart’s size knows what Americans are buying, in what quantities, at what price and in which zip codes — daily. The Bureau of Labor Statistics publishes a survey-based figure weeks after the fact and then revises it. The argument for pulling in that kind of commercial data is that it is imperfect but less imperfect than dated federal surveys designed for a different economy.

The broader project

Warsh is attempting to rewire the central bank to use artificial intelligence to understand the economy in real time — aiming at better decisions a couple of years from now, while running current policy on the conventional playbook. He is pursuing what amounts to a change in how the Fed uses AI, though those tools will take time to build and to prove themselves, and inflation has been running above target for more than five years, which creates pressure to act with the instruments that already work.

That means the near-term posture is ordinary. The Warsh Fed is prepared to raise interest rates to fight inflation, based on established practice: analyze the government statistics, adjust the federal funds rate target range.

Why it got complicated

Running an institutional overhaul and an inflation fight simultaneously carries a cost, and Warsh paid some of it two weeks ago. Markets sold off and commentary turned sharply critical after his July 29 press conference, in which he was vague about the possibility of raising rates. Some analysts read it as a lack of commitment to bringing inflation down. His allies described it as a bump on the way to a more credible Fed.

Part of the confusion traces to a genuine difference in philosophy. Warsh argues that markets, not only central bankers, should carry more of the work of assessing the economy and setting financial conditions. He pointed after a recent meeting to a steep run-up in long-term interest rates — describing it as the largest move ever recorded between Fed meetings — as evidence that conditions had tightened without the Fed touching its benchmark rate. “Market participants are learning to play the ball, not the referee,” he said.

He has also separated two things that often get merged. Warsh told lawmakers that the AI investment boom will likely push measured prices up over the next year, but argued those increases are not automatically inflation in the sense that requires a policy response. At the same time, he has been direct that prices are too high and that price stability remains the primary objective, even as officials grow more open to the idea that AI could push costs down over time.

What it means for businesses

The practical stakes here are larger than they look. Every business that borrows — every mortgage, every equipment loan, every line of credit — is priced off decisions the Fed makes using data that is already stale when it arrives. The bottom line, as Axios framed it, is a Fed that keeps pushing on how technology shapes economic data and policymaking, with reassurance that the standard toolkit stays intact for now.

A Fed reading card-spend data, retail inventory turns and payroll processor feeds in something close to real time would, in principle, catch turns in the economy earlier — and would be less likely to keep tightening into a slowdown that the official numbers have not yet registered. The version Warsh’s critics and supporters are both imagining is a central bank running on fine-grained live data, analyzed without the worldview or interests of individual governors shaping the read.

The risk runs the other direction. Models that cannot be inspected making inputs to decisions that move mortgage rates is a governance problem, and the Fed has no established process for auditing that kind of system. Real-time private data also belongs to private companies, which raises a question about what a firm gets in return for handing its sales figures to the institution that sets its borrowing costs.

None of that gets settled soon. The task force is three people and a mandate. But the direction is now on the record, and the roster says plainly what kind of information this Fed intends to start listening to.

JBizNews Desk | Washington

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The executive order — which wasn’t accompanied by any new scientific evidence — aims to split the MMR vaccine into three separate shots and revives the administration’s attempt to slim down the immunization schedule.

This post was originally published here. 

The federal budget deficit is now expected to surpass $2 trillion this fiscal year, which would be one of the largest shortfalls on record as spending growth continues to outpace tax receipts.

The nonpartisan Congressional Budget Office (CBO) on Monday released its monthly budget update for July, which showed the federal government ran a nearly $1.8 trillion deficit through the first 10 months of fiscal year 2026, which runs through the end of September.

That figure represents an increase of $169 billion when compared with the same 10-month period in fiscal year 2025. Federal spending increased $308 billion from a year ago, outpacing the $139 billion rise in tax receipts.

CBO also noted it now estimates the budget deficit will rise to $2.1 trillion, up $200 billion from last fiscal year, for the full fiscal year 2026 based on information available through the end of July.

US NATIONAL DEBT SURPASSES SIZE OF THE ECONOMY FOR FIRST TIME SINCE WORLD WAR II

“CBO expects 2026 outlays to be close to the February baseline amounts. Revenues, by contrast, are anticipated to be about $200 billion below the February projections, mostly because of smaller-than-expected collections of tariff duties – a result of a Supreme Court ruling handed down after CBO’s baseline was released,” the agency wrote.

Increased spending was primarily driven by the cost of servicing the federal government’s more than $39 trillion national debt, as well as rising expenses for the government’s three largest mandatory spending programs – Social Security, Medicare and Medicaid.

Costs related to paying interest on the debt were up $117 billion, or 14%, in the first 10 months of fiscal year 2026 compared with the same period a year ago. The rise was attributed to higher long-term interest rates, as well as the larger national debt.

NATIONAL DEBT INTEREST AND ENTITLEMENT SPENDING PUSH FY2026 FEDERAL BUDGET DEFICIT TOWARD $2 TRILLION

Spending on Social Security benefits rose $70 billion, or 5%, from a year ago due to higher average benefits following inflation adjustments and an increase in the number of beneficiaries.

Medicare costs increased $66 billion, or 8%, from a year ago due to increased enrollment and higher payment rates for healthcare services. Medicaid spending was up $45 billion, or 8%, because of rising costs per enrollee.

Tax revenue from both payroll and taxes rose by a combined $202 billion, or 5%, compared with a year ago. Withholdings from workers’ paychecks were up $141 billion, or 5%, amid rising wages and salaries. Tax refunds paid to individuals rose $23 billion, or 7%, due to provisions in the One Big Beautiful Bill Act (OBBBA).

WHAT ARE THE BIGGEST BUDGET DEFICITS IN US HISTORY?

Corporate income tax collections were down $89 billion, or 23%, due to provisions in the OBBBA that expanded deductions for investments and resulted in fewer tax receipts.

Collections of customs duties including tariffs increased $18 billion, or 13%, compared with the same period a year ago.

Through April, monthly collections were higher than they were a year ago, but net collections have declined sharply since May when the government began paying out tariff refunds under a Supreme Court ruling from February. CBO noted that about $100 billion in tariff refunds have been issued to date.

SOCIAL SECURITY’S MAIN TRUST FUND FACES DEPLETION IN 2032, TRIGGERING BENEFIT CUTS

Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget (CRFB), said in a statement that federal borrowing has grown to an “astounding” level and that a deficit on track to surpass $2 trillion when the economy isn’t in a recession “is not normal.”

“Incredibly, such an enormous level of borrowing barely scratches the surface of our fiscal deterioration,” she explained. “We are about to hit the sobering milestone of $40 trillion in gross national debt, and things are only likely to get worse.”

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“If lawmakers want to correct our fiscal course, they should start by targeting a reasonable fiscal goal, like 3% of GDP deficits, and then create a bipartisan commission to figure out how we should get there. We can no longer afford to put off the difficult decisions – the time to act is now,” MacGuineas added.

This post was originally published here. 

Here’s a chance to pitch a tent under the stars in parks around New York City. First launched over 20 years ago, the NYC Parks Department’s Family Camping program provides a free way for New Yorkers to experience overnight camping without leaving the five boroughs. The events, hosted by the Urban Park Rangers, include night hikes, storytelling, and, of course, s’mores. As space is very limited, with just 30 participants per program, according to Gothamist, interested campers must enter a lottery for each event. While registration for the Central Park event has passed, there are plenty of opportunities in other parks across New York, like Inwood Hill Park in Manhattan and Orchard Beach in the Bronx.

“For more than two decades, our Urban Park Rangers’ Family Camping program has introduced hundreds of New Yorkers to the joy of spending a night outdoors, helping families unplug, connect with one another, and experience nature right here in our city,” NYC Parks Commissioner Tricia Shimamura said in a statement.

“In a place as bustling as New York, creating opportunities for people to camp, explore, and build a relationship with the natural world is more important than ever.”

The Parks department will bring the tents; campers need only bring sleeping bags, bedding, food, and snacks. Camping events will happen throughout the city’s parks on a rolling basis. Applications via the lottery will be accepted every Monday, running for four days with each submission.

The program was designed to introduce sleeping in the great outdoors to city folk who may have never camped before. Each family camping outing will accommodate about 30 people (you don’t need to be a family to enter; you can bring your friends, too).

Other than Central Park, additional camping sites include Alley Pond Park in Queens, Van Cortlandt Park and Orchard Beach in the Bronx, Salt Marsh Nature Center in Brooklyn, Inwood Hill Park in Manhattan, Blue Heron Park on Staten Island, and more. The program is free. Camping in these city parks is prohibited at other times.

Check the NYC Parks website for more information and camping locations.

According to Shimamura, Parks will announce a new program this fall that will allow more New Yorkers to enjoy the great outdoors.

“Stay tuned — this fall, we’re taking our beloved Family Camping program to the next level with a special new camping experience that will give even more New Yorkers the chance to make unforgettable memories in one of our city’s most recognizable public spaces,” she said.

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The post Camp out overnight in NYC parks with the Urban Park Rangers first appeared on 6sqft.

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The biggest obstacle facing the companies building artificial intelligence is no longer chips or capital. It is the local zoning board — and in a growing number of places, the answer coming back is no.

Opposition to large AI data centers is rising in Republican and Democratic communities alike, with residents raising electricity bills, water supplies, noise and strain on local infrastructure. Texas, Florida, Pennsylvania, Nebraska and Ohio are all seeing pressure for tighter oversight, project audits, or rules preventing households from absorbing the infrastructure costs these facilities create. With midterm elections approaching, politicians are finding the issue hard to sidestep.

The numbers behind that pressure are substantial. Local opposition blocked or delayed 75 data center projects representing $130 billion in planned construction during the first three months of 2026, according to Data Center Watch — roughly as many projects as were affected across all of 2025. The 2025 total in dollar terms came to $156 billion in delayed or canceled work.

Not a partisan split

The polling is what makes this unusual. A Gallup survey found roughly 70% of Americans oppose construction of an AI data center in their local area — 75% of Democrats and 63% of Republicans. The internal breakdown is stranger still: conservative Republicans oppose local data centers at a higher rate, 53%, than moderate Republicans, at 44%, putting the most conservative voters closer to Democrats than to the center of their own party.

“I’m not sure I’ve ever seen a chart where conservative Republicans are closer to liberal Democrats than liberal and moderate Republicans are,” said Anthony Leiserowitz, director of the Yale Program on Climate Change Communication.

Megan Mullin, faculty director of the UCLA Luskin Center for Innovation, attributes it to something simpler than technology anxiety. “Amid so much partisan division, opposition to data centers seems to be the thing that unites Americans right now,” she said, describing the resistance as rooted in attachment to the places people live.

It is already moving campaigns

In Michigan’s 7th Congressional District, Democrat William Lawrence did not plan to run on data centers, but voters kept raising it. “It wasn’t something that I expected to be part of the campaign last August because data centers weren’t on our radar,” he said. “But there have been four data centers proposed in the district since I declared my candidacy.” He won his primary against two more moderate opponents.

In Wisconsin, calling for a construction moratorium has helped Francesca Hong assemble a broad coalition in the Democratic primary for governor. And two months after OpenAI and Oracle broke ground on a large campus in Saline Township, Michigan, Senate candidate Abdul El-Sayed held a rally in front of the site, calling for no further approvals until federal rules are in place.

It cuts against incumbents of both parties. Maine Governor Janet Mills, a Democrat, vetoed legislation that would have created the first statewide data center moratorium, saying she did not want to shut the industry out entirely. More than 100 moratorium proposals are circulating around the country.

What it costs the builders

The consequences fall on Microsoft, Meta, Amazon, Google, OpenAI and Oracle, whose AI strategies all require extraordinary amounts of physical construction. Developers once treated land, chips and capital as the binding constraints. Community permission is now a fourth. The likely result is slower permitting, higher financing costs, and a strong incentive to build where local officials are openly supportive.

That last point is the practical one for anyone in construction, engineering, utilities or industrial real estate. A project that clears zoning in eight months instead of thirty is worth a premium, and developers are beginning to pay it. Communities that organize a welcome — with clear rules on power costs, tax treatment and water use agreed up front — are moving to the front of the queue.

The complaints cluster around a few concrete items: enormous electricity demand that outruns existing grids and pushes rates up, noise, and public infrastructure rebuilt for the benefit of one very large customer. Non-disclosure agreements around early negotiations have fed the distrust, and residents are skeptical of promised jobs and tax revenue.

There is a structural reason the industry keeps losing these fights. AI has no local constituency. Housing developments have future residents, auto plants have workers, wind farms have environmental groups. A data center employs relatively few people once built, which leaves almost no one in town with a direct stake in seeing it go up.

Whether the coalition holds is a separate question. Researchers note that issues uniting people across party lines tend to fracture once they draw serious political attention, and the midterms will test that. For now, the fastest-growing constraint on the AI buildout is not technical. It is a room full of neighbors with a microphone.

JBizNews Desk | Washington

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CrossCountry Intermediate HoldCo, the direct parent of CrossCountry Mortgage (CCM), has priced an upsized offering of $750 million in senior notes due in 2031 as it refinances mortgage servicing rights (MSR) facilities tied to its growth plans. The offering came in 50% higher than previously expected.

The 7.75% senior notes will be issued on a senior unsecured basis and guaranteed by CCM and any future wholly owned domestic restricted subsidiaries that guarantee material corporate debt, the company said Tuesday. The transaction is expected to close on or about Aug. 12, subject to customary closing conditions.

“The Company expects to use the net proceeds from the offering to repay a portion of the amounts outstanding under CCM’s mortgage servicing rights line of credit and to pay related fees and expenses,” the company said in the announcement.

As previously reported by HousingWire, CCM was expected to issue $500 million in senior unsecured notes as the closing of Two Harbors Investment Corp.’s sale to CCM approached.

Fitch Ratings expects to rate that issuance at “BB-(EXP)” and said proceeds would likely repay MSR-backed facilities drawn to fund the $1.26 billion Two Harbors transaction.

The Two Harbors deal will add a $159 billion servicing portfolio to CCM’s $202 billion book as of the first quarter, according to Inside Mortgage Finance data. The transaction is expected to move CCM from No. 15 to No. 8 among the largest servicers by owned portfolios.

Fitch estimates CCM’s corporate leverage would rise to 2.4x after the Two Harbors acquisition, up from 1.2x in the second quarter of 2026 and above its 1.5x downgrade trigger.

“However, retained earnings growth should reduce leverage toward the company’s 1.0x target over the medium term,” Fitch said. “Negative rating action could result from an inability to reduce corporate leverage to 1.5x or below over the rating outlook horizon.”

A move from secured to unsecured debt is credit positive because it frees up collateral and supports liquidity, according to analysts.

CCM previously told HousingWire that leverage would temporarily increase due to the Two Harbors deal but argued that a larger, more cash-generative platform with higher recurring servicing cash flows and a larger MSR portfolio should support deleveraging toward a 1.0x target over the medium term.

This article was written by Flávia Furlan Nunes and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

This post was originally published on here. 

Today’s real estate CRM software makes it easy to stay organized, generate, convert and nurture leads on autopilot and automate the tedious but crucial daily tasks that build lasting client relationships. Our team of experienced agents reviewed dozens of real estate CRMs to help you find the best fit.

We chose the best real estate CRMs for 2026 based on their value for money, organization, marketing, lead-nurturing features and scalability to support your growing business. In this update, we review nine CRMs (and one CRM add-on) that leverage the latest technology, including AI, to help you scale your business faster. Let’s get started!

Our picks: The best real estate CRMs for 2026

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Perry Real Estate College logo

Best for affordable marketing tools

Wise Agent

From $49/month

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VISIT

Perry Real Estate College logo

Best budget all-in-one CRM platform

Real Geeks

From $399/month

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VISIT

Perry Real Estate College logo

Bonus: Best add-on to supercharge your CRM

Fello

From $415/month

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VISIT

Our picks: The best real estate CRMs for 2026

Best value for agents and teams

Follow Up Boss

From $58/month

VISIT

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Best for AI-powered email marketing on a budget

Lone Wolf Relationships

From $33.25/month

VISIT

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Best for top producing agents and teams

CINC

From $899/month for solo agents, $1500/month for teams

VISIT

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Best for experienced buyer agents

Top Producer

From $179/month

VISIT

Jump to details ↓

Best for AI-powered contact management

RISE by MoxiWorks

From $300/month for teams and small brokerages

VISIT

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Best for lead gen system + seller leads

iHomeFinder

From $169/month + $250 one-time setup fee

VISIT

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Best for mobile CRM + marketing tools

Rechat.

From ~$35/seat, based on team size + features

VISIT

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Best for automated marketing + lead nurturing

Sierra Interactive

From $299.95/month

VISIT

Jump to details ↓

Best for affordable marketing tools

Wise Agent

From $49/month

VISIT

Jump to details ↓

Best budget all-in-one CRM platform

Real Geeks

From $399/month

VISIT

Jump to details ↓

Bonus: Best add-on to supercharge your CRM

Fello

From $415/month

VISIT

Jump to details ↓

Follow Up Boss: Best value for agents and teams

Follow Up Boss logo; a real estate CRM or customer relationship management software

Follow Up Boss (FUB) strikes the ideal balance between powerful features and affordability for solo agents and teams. Instead of piling on unnecessary bells and whistles, it connects seamlessly with over 250 popular real estate tools, making it the central hub for your business. Think of it as an operating system that allows you to control all the real estate software you’re already using with one login.

Beyond integrations, Follow Up Boss delivers powerful built-in tools to keep you organized and close deals faster. Every plan includes access to a vast library of email and text templates crafted by top agents, built-in texting features and advanced automations called Action Plans. These let you combine emails, texts and tasks into personalized follow-up campaigns for different leads.

A built-in dialer with call logging, recording and AI-generated call transcripts is available as a $33 upgrade for the Grow plan, but included with every team plan. Follow Up Boss’s value proposition is clearest for small teams, but its unbeatable combination of features and value makes it a winner for solo agents as well.

Pros & Cons

  • Acts as a central hub to connect and control all your real estate software
  • Drip campaigns (Action Plans) are highly customizable and can include videos
  • Intuitive user interface for speed and efficiency
  • Extensive library of action plans, text and email templates
  • Daily live and on-demand video training for easy onboarding
  • Dialer is a $33 per month upgrade
  • Text messages can only be added to Action Plans via third-party tools
  • No built-in AI features
  • Mobile app has limited functionality

Standout features

  • Integrations with 250+ real estate apps
  • Pre-written email and text templates created by the Follow Up Boss community 
  • Pre-built Action Plans created by the Follow Up Boss community 
  • Smart Lists show daily task reminders for contacts and leads
  • Built-in dialer available ($33 upgrade)
  • Website pixel connects to your IDX website to track properties your lead viewed
  • Team features include lead routing,  leaderboards, AI-powered call recording and transcripts and speed-to-lead analysis

Pricing

  • Free Trial: 14 days
  • Grow: $58 per month
  • Pro: $416 per month for 10 users
  • Platform: $833 per month for 30 users

Visit Follow Up Boss

Lone Wolf Relationships: Best for AI-powered email marketing on a budget

lone-wolf-logo

Lone Wolf Relationships is an intuitive and easy-to-use CRM that includes everything you need (and nothing you don’t) at a significantly lower price than competitors. Both new and experienced agents will find a lot to love here, especially with the inclusion of Gmail and Outlook calendar syncing.

You get intuitive and customizable dashboards, AI-powered email marketing, pre-written email templates and automations that let you create lead campaigns by blending drip emails with scheduled tasks. It also integrates with EZ Texting, allowing you to send one or bulk text messages to your contacts. Lone Wolf Relationships is an excellent choice if you want an AI-powered CRM built for real estate that just works, without breaking the bank.

Pros & Cons

  • Affordable pricing
  • AI-powered email marketing
  • Automations blend email drip campaigns, texting and task reminders
  • Email template library saves time and energy drafting emails
  • Seamlessly integrates with other Lone Wolf software, including CloudCMA, websites, eSignature and transaction management
  • No built-in dialer
  • Limited prebuilt email drip campaigns
  • No direct MLS connection
  • Texting feature only available via EZ Texting

Standout features

  • AI-powered email writing assistant
  • Customizable automation templates
  • Pre-written email templates
  • Texting features available
  • Pre-built automations
  • Contact activity timeline

Pricing

  • Free trial: 14 days
  • Paid yearly: $33.25 per month
  • Paid monthly: $39 per month

Visit Lone Wolf Relationships

CINC: Best for top producing agents and teams

CINC logo; a real estate CRM or customer relationship management software

CINC is an all-in-one real estate CRM platform ideal for top-producing buyer agents, listing agents and teams. The platform features a sophisticated CRM integrated with a lead capture IDX website that utilizes AI to attract, qualify and automatically nurture buyer and seller leads based on their behavior.

CINC’s Autotracks feature handles lead-nurturing automation. Using Autotracks, you can create sophisticated drip campaigns that include automated emails, texts and task reminders based on the lead’s behavior on your website. Although CINC is significantly more expensive than our other top picks, the monthly price includes buyer leads.

Pros & Cons

  • All-in-one CRM, marketing and lead gen platform 
  • Send bulk emails and texts right from the CRM
  • Autotracks campaigns can include text messages and videos
  • Automated outreach and follow-ups based on lead behavior 
  • Sophisticated lead-nurturing automation 
  • Video emails and texts available
  • More expensive than other CRMs (but leads are included in the price)
  • AI-chatbot is a pricey $200 per month upgrade 
  • No AI-powered email or text message writing feature 
  • Sophisticated platform with a steep learning curve and setup time
  • Smaller community than Follow Up Boss

Standout features

  • Sophisticated drip campaign builder (Autotracks)
  • IDX property search website tracks leads’ behavior 
  • AI chatbot trained by real estate agents
  • Built-in email, text and calling features 
  • Home valuation landing pages 
  • Agent and client-facing mobile apps

Pricing

  • Free trial: Not offered
  • Solo agents: starting at $899* per month*
  • Teams: Starting at $1500 per month*

*Leads are included in all CINC pricing plans. The company does not sell its CRM software without done-for-you lead generation.

Check out CINC

This post was originally published on here. 

HousingWire is expanding its artificial intelligence strategy by making its housing market data, mortgage information and industry analysis accessible through AI platforms including ChatGPT and Claude.

HousingWire executives previewed the technology on Tuesday during the company’s third annual AI Summit at the George W. Bush Presidential Center in Dallas.

“When we started this event three years ago, the conversation that we had planning content was, how do we weed through all the noise to get to actionable insight?” HousingWire CEO Clayton Collins said.

That task has become easier as companies have moved from discussing potential AI applications to deploying tools in their businesses, Collins said.

HousingWire has spent much of the past year preparing its own data infrastructure for AI applications, including organizing housing market data, mortgage data, mortgage rates, RealTrends Verified rankings, and other information available through the company and its partners.

The effort was necessary to make the data usable both internally and through new products, Collins said.

“Anyone who’s initiated and implemented AI initiatives understands the importance of having data structured the right way,” Collins said.

The company has used the infrastructure to give reporters, editors and podcast hosts faster access to information while also providing its technology team with a foundation for developing new AI-powered products.

The HousingWire Intelligence product, which was in beta mode at the time of the summit, is scheduled for a full release within the next week.

During the summit, Holden Page, HousingWire’s senior vice president of technology, demonstrated how the company’s data can be incorporated into an AI workflow through a model context protocol (MCP), an open standard that lets AI applications like Claude or ChatGPT securely connect to outside data, tools and systems.

“The way that we’re doing that is the model context protocol, which is basically just the way that we describe our data to AI and helps you query it without having to go through a data scientist,” he explained.

In the example presented by Page in front of the audience, a user asked Claude to run a weekly analysis of the Minneapolis-St. Paul market and identify where sellers were positioned. Rather than requiring a user to write structured query language (SQL) or work directly with raw databases, the MCP allows Claude to access HousingWire data and produce an analysis based on the available context.

Claude can then generate an artifact, such as a dashboard, showing where a lending team should focus its efforts. The system also can incorporate HousingWire news and analysis, giving users additional context for interpreting market conditions.

Page said HousingWire plans to make the MCP available through the Claude and ChatGPT stores. A beta version also is available through Snowflake.

The company’s broader goal is to make its content and data available wherever housing professionals work, Collins said.

“We’re going to build for what you need,” Collins said. “We’re going to build for the information that helps you make better decisions faster. …. We’re not building for ourselves. We’re building for our subscribers. We’re building for leaders in mortgage, real estate and homebuilding.”

Collins said the company plans to gather feedback from professionals in the mortgage, real estate and homebuilding spaces as it develops its AI solutions, including through events and direct conversations with industry participants.

“This is not a conference where we had to worry about cutting through the noise of vaporware,” Collins said. “These are people who have actually implemented real AI solutions into their businesses.”

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. 

Iran has handed control of its top security body to a man who has been the subject of an Interpol Red Notice for nearly two decades over the deadliest terrorist attack in Argentina’s history. Presidency spokesman Mehdi Tabatabaei announced Sunday that President Masoud Pezeshkian had appointed Mohsen Rezaei secretary of the Supreme National Security Council, following the resignation of Mohammad Bagher Zolghadr. Supreme Leader Mojtaba Khamenei separately named Rezaei his own representative on the council, giving him two seats of authority in the same body.

Rezaei has been under an Interpol Red Notice since 2007 over the 1994 bombing of the AMIA Jewish community center in Buenos Aires, which killed 85 people. Argentine court records attribute the attack to Hezbollah operatives acting on Iranian orders, and the late prosecutor Alberto Nisman alleged in a 2006 indictment that the decision was taken at a meeting in Mashhad in August 1993. Argentine authorities have long alleged a planning role for Rezaei, who was IRGC commander at the time; he denies wrongdoing. Interpol’s General Assembly upheld the notices for Rezaei and five others at its 76th session after Argentina’s request.

Israel responded immediately. Its Foreign Ministry said Monday that the Iranian regime <cite index=”115-1″>“worships terror, rewards its architects” and elevates them to the highest levels of power.</cite>

Who he is

Rezaei, 71, commanded the Islamic Revolutionary Guard Corps from 1981 to 1997, through most of the Iran-Iraq war. He later spent more than two decades as secretary of Iran’s Expediency Discernment Council and served as vice president for economic affairs from 2021 to 2023 under Ebrahim Raisi. He holds a doctorate in economics from the University of Tehran. Since March he has served as military adviser to Mojtaba Khamenei, who succeeded his father as supreme leader after Ali Khamenei was killed at the outset of this year’s war. Rezaei has taken a hard line on the confrontation with Washington and voiced skepticism about negotiations.

A revolving door at the top

Rezaei is the second man to hold the post since Ali Larijani was assassinated by Israel in mid-March, during the early weeks of the war between the United States, Israel and Iran. Zolghadr had been in the job only since late March. The president formally chairs the council, but the secretary carries the greater operational influence, and no decision becomes binding until the supreme leader signs off.

Why it matters commercially

The timing is what businesses should note. Rezaei takes the post amid ongoing talks over the Strait of Hormuz, which Tehran has used as leverage through the months-long conflict with the United States and Israel. The secretary of the security council is the official who coordinates Iran’s negotiating posture across the presidency, the foreign ministry, the armed forces and the intelligence services. Installing a figure who has publicly doubted the value of talks changes the read on how quickly a Hormuz arrangement gets settled.

That question sits directly on top of global shipping economics. Roughly a fifth of the world’s seaborne oil moves through Hormuz, and war-risk insurance premiums for tankers in the Gulf have been the single largest swing factor in freight costs for the region this year. Every week of uncertainty over the strait is priced into charter rates, insurance and the delivered cost of crude and LNG reaching Asian and European buyers.

There is also a compliance dimension for anyone with international exposure. The IRGC, which Rezaei led for 16 years, is designated a terrorist organization by the United States. A sanctioned-entity veteran now sitting at the center of Iranian decision-making narrows the space for any commercial re-engagement with Tehran that European or Asian firms may have been contemplating as part of a settlement.

The legal reality

The Red Notice has never produced an arrest. Argentina asked Qatar to detain Rezaei during a visit in 2022 and made the same request of Nicaragua the year before, when he traveled there for President Daniel Ortega’s inauguration. Both requests failed, and more than three decades after the bombing no one has stood trial.

An Interpol notice does not compel any government to act. It is a request circulated among member states, and in Rezaei’s case it has functioned mainly as a diplomatic marker — one that now attaches to the office coordinating Iran’s negotiations with Washington.

JBizNews Desk | New York

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You’re reading the web edition of D.C. Diagnosis, STAT’s twice-weekly newsletter about the politics and policy of health and medicine. Sign up here to receive it in your inbox on Tuesdays and Thursdays.

Sen. Bill Cassidy (R-La.) is not happy with Trump’s call for the MMR shot to be broken up. If only there had been a way to stop that. Send news tips and your biggest regrets to John.Wilkerson@statnews.com or John_Wilkerson.07 on Signal.

Trump’s about-face on vaccines

The president thrust controversial vaccine policy matters back into the spotlight on Monday.

Continue to STAT+ to read the full story…

This post was originally published here. 

History tells us that President Trump’s executive order calling for the measles, mumps, and rubella vaccine to be split into separate shots could do real harm. If policymakers prevail on vaccine makers, it will mean more missed vaccine doses, and more sick kids. But first a lesson on where the shot comes from.

In March 1963, a 5-year-old girl named Jeryl Lynn woke up with a sore throat at 1 a.m. Her father, a six-foot-one widower who had lost his wife to breast cancer four months earlier, bent down and felt the lumps on her neck. He was a scientist at the pharmaceutical company Merck, and he checked “The Merck Manual,” a medical reference book. “Oh my God,” he said. “You’ve got the mumps.”

Read the rest…

This post was originally published here. 

U.S. stock futures rose amid reports of progress in Mideast peace negotiations.

This post was originally published here. 

An Israeli developer has built a website that rates countries and cities by how safe they are for Jewish travelers, and hundreds of people are now consulting it daily before booking a vacation. Safe for Jews, a Hebrew and English site created by Shay Yaish, combines artificial intelligence, Israeli government travel advisories and reports submitted by users to generate a risk rating and summary for each destination.

Yaish, 34, left a tech job a year ago intending to start his own venture and came up with the idea while he and his wife searched for somewhere safe for Israelis to visit. He built the site with AI tools, uses AI to keep it updated with news of antisemitic incidents, and checks the output every few days to confirm it looks correct.

How the map reads

The classifications are blunt, and the geography is not what most travel marketing assumes. Among the countries rated safest are the Czech Republic, Albania, Lithuania and Belarus in Eastern Europe; Bolivia, Paraguay and Ecuador in South America; and Japan, Vietnam and Cambodia in the Far East. Nepal, Iceland and Cyprus also rate safe, along with remote destinations including the Marshall Islands, Micronesia, Palau and Tuvalu.

Mainstream destinations fare worse. The United States, Australia and most of Europe carry a “caution” label with a note that Jewish and Israeli symbols should be kept to a minimum. Spain, Canada, the United Kingdom, South Africa and Russia are marked “warning,” advising travelers to stay alert and avoid identifying as Jewish or Israeli. Iran, Afghanistan and Egypt are labeled “dangerous.”

The number of places classified as safe has shrunk over time, the site’s own data shows.

The market underneath

The commercial significance is larger than one founder’s side project. Jewish and Israeli outbound travel is a substantial segment — kosher tour operators, holiday programs, group travel and destination hotels catering to observant travelers add up to a multibillion-dollar business globally, concentrated in a handful of European and Mediterranean destinations that now carry warning labels on this map.

When travelers start screening destinations by perceived safety rather than price or flight time, the effect flows straight to airlines, hotels and local operators. A ratings shift that moves group bookings out of Spain or the U.K. and toward Cyprus, Greece or Eastern Europe reallocates real revenue. Tour operators building programs a year in advance have to price that uncertainty into deposits and cancellation terms.

There is also an insurance angle. Travel insurers underwrite on country risk, and their models are built on political instability, crime and health infrastructure — not on harassment risk for a specific traveler profile. A consumer-facing tool that fills that gap is, functionally, an early version of a risk product no established provider currently sells.

The limits

The site is candid about what it is not. Because it relies on AI and reports scraped from the web, its advisories are not always current or based on rigorous research, and it carries a disclaimer telling users this is not an official rating and that they must do their own research and use judgment.

That matters commercially as much as editorially. A rating that moves booking decisions but carries no methodological audit trail is a liability risk if a traveler relies on it and something goes wrong. Established travel-risk firms sell to corporate clients precisely because their assessments are defensible; a consumer tool built on automated scraping is not in that category, and does not claim to be.

The business model question

Yaish makes no money from the site, which launched a year ago, and hopes to expand it into a hub where Jewish travelers can find Jewish-friendly hotels, kosher restaurants and other resources. That is the obvious path — the ratings draw the audience, and the directory monetizes it through the same booking and referral economics that power the wider travel sector.

Whether the underlying demand persists is not really in question at the moment. “Things are really confusing now for Israelis who want to travel,” Yaish said. A tool built to answer that confusion is a product with a market, and the size of that market is set by conditions no travel startup controls.

JBizNews Desk | New York

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For the first time, it costs more to rent an apartment in San Francisco than in New York City — and the reason is a few thousand people working at companies that have not gone public yet.

Average asking rents in San Francisco have reached roughly $3,728 a month, up about 18% in under two years, putting the city ahead of New York as the most expensive major rental market in the country, according to a Wall Street Journal report drawing on CoStar data. Citywide vacancy has fallen to about 3.7%. On CoStar’s measure of average apartment rent actually being paid, the figure is $3,827 — also above New York.

“It’s a pressure cooker, and it’s heated up really fast,” said Nigel Hughes, a senior researcher at CoStar. In the most sought-after neighborhoods — the Marina District, Pacific Heights and South of Market — vacancy has collapsed to roughly 3%, down from about 13% in 2020. New construction has stalled.

What renters are doing to compete

The behavior on the ground tells the story faster than the averages do. In some neighborhoods, prospective tenants are offering well above the asking rent, paying several months up front, and putting together personal biographies to make themselves more appealing to landlords.

Six-figure salaries no longer settle it. Katrine Razniak, 27, leads a team of account managers at the software company Rippling and earns $180,000 a year. She and her partner, Adam Woodbury, bring in a combined $365,000 — and still could not secure a one-bedroom. “I feel a little bit like I’m not good enough to live here anymore because I don’t work at an AI company,” Woodbury said.

That is the sorting mechanism. OpenAI and Anthropic are both headquartered in San Francisco and both moving toward public offerings, creating a tier of employees and investors whose equity stakes let them bid far above what a well-paid engineer or product manager can. Together with the newly public SpaceX, those three companies alone could produce more than 20 new billionaires from current and former staff, according to an analysis by the private markets research firm Sacra.

The rest of the bill

Housing does the most damage, but it does not travel alone. San Francisco’s overall cost of living now runs 65.6% above the national average, according to the Council for Community and Economic Research. Utilities run about 41% above the national average, transportation about 43% above, and groceries about 19% above. The median home price topped $1.7 million in April, against a national median around $450,000.

The comparison that makes the cause hard to dispute: national rents are roughly flat to falling, while San Francisco rents have climbed at the steepest rate in the country. The increases concentrate where the AI offices are — SoMa and Mission Bay posted rent growth above 10% year over year in late 2025, while other parts of the city moved far less. San Jose has stayed comparatively stable; the new money is staying in the city rather than spreading to the suburbs the way it did in the last technology boom.

Why New York readers should care

This pattern is familiar here. It is what New York went through when Wall Street rebuilt itself around hedge funds in the 2000s — money concentrates in a handful of zip codes, and everything around those zip codes gets pulled up with it.

For employers, the number that matters is what it now costs to put a person in a seat. A company hiring in San Francisco is not competing on salary against other software firms; it is competing against equity packages at pre-IPO AI companies that do not need to be justified against a profit-and-loss statement. That prices out startups, nonprofits, and any business whose margins are real.

For New York, losing the most-expensive-city title is not a victory so much as a data point. It means the premium employers pay to keep talent here has, for the moment, stopped rising as fast as the premium on the West Coast — which is exactly the condition that has drawn firms and workers back to the tri-state area in past cycles.

For landlords in San Francisco, the current market offers extraordinary pricing power, and for developers the shortage represents a substantial opportunity. For everyone else in that city, the arithmetic is a good deal simpler, and it does not work.

JBizNews Desk | San Francisco

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Hungary’s parliament elected András Baka as president on Tuesday, handing the office to a judge whose removal from the Supreme Court became one of the defining rule-of-law disputes of the Viktor Orbán era. Lawmakers approved his election by 140 votes to 6, using the more than two-thirds majority controlled by Prime Minister Péter Magyar, and Baka replaces Orbán-appointed Tamás Sulyok, who was removed from the presidency last month.

The presidency is largely ceremonial. The signal is not.

Who Baka is

Baka served as a judge at the European Court of Human Rights in Strasbourg from 1991 to 2008. He was nominated to head Hungary’s Supreme Court in 2009 and ousted in 2012 after condemning an Orbán-era move to cut the mandatory retirement age for judges from 70 to 62, which he called a judicial purge. The European Union and the United States both called the age-limit reduction illegal, and in 2016 the European Court of Human Rights ruled that his dismissal violated his freedom of expression.

Apart from a brief stint as a lawmaker elected on the Hungarian Democratic Forum list in 1990, Baka has held no political positions. He is 73.

The political arithmetic

Magyar’s Tisza party won a landslide in April, ending Orbán’s 16-year run, and has since moved to unwind his influence over state institutions — including using a constitutional amendment to remove Sulyok from office weeks before nominating Baka. Tisza holds 141 of 199 seats in the National Assembly. Fidesz, now in opposition, boycotted the vote, accusing Tisza of authoritarian tactics, which the party denies.

The constitutional amendment that ended Sulyok’s term provides that the new president serves until a new constitution takes effect, or for a maximum of five years. Tisza has said it intends to adopt a new constitution within this parliamentary term and will consider allowing the president to be elected directly.

Why business is watching

Hungary spent the Orbán years in an extended standoff with Brussels over judicial independence and public procurement, and that dispute cost real money — billions of euros in EU cohesion and recovery funds held back pending rule-of-law changes. Elevating the judge whose dismissal Strasbourg ruled unlawful is the clearest possible statement that the new government intends to settle that argument on Brussels’ terms.

For companies operating in Hungary, the practical questions are narrower and more immediate. Predictable courts change how contracts are enforced, how procurement disputes get resolved, and how much legal risk a foreign investor prices into a Hungarian project. Hungary hosts substantial German automotive manufacturing and a growing battery sector, industries that commit capital on ten- and twenty-year horizons and that have spent years working around a legal environment Brussels flagged as unreliable.

Currency and borrowing costs sit downstream of the same question. The forint and Hungarian government debt have long traded partly on the state of the EU funding dispute, because those transfers are large relative to the size of the economy. A government that resolves the standoff removes a discount that has been priced into Hungarian assets for years.

What comes next

The presidency does not set economic policy, and Baka will not be negotiating with Brussels. What he provides is a signature and a symbol: a head of state who spent his career on the judicial-independence side of the argument, at the moment a government is preparing to rewrite the constitution.

The counterargument is already being made in Budapest. Critics note that removing Sulyok by constitutional amendment and installing Baka in his place uses the same procedural muscle Tisza condemned when Fidesz held the majority, complicating the party’s account of itself as a break from the previous era. A two-thirds majority rewriting the constitution is a two-thirds majority rewriting the constitution, whichever party holds it — and businesses that committed capital under one set of rules have reason to watch how quickly the next set arrives.

JBizNews Desk | New York

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

American forces fired at a Panama-flagged ship in the Gulf of Oman that was reportedly attempting to bypass the US embargo on Iranian ports, the Wall Street Journal reported on Tuesday, citing a US official with knowledge of the matter. 

US Central Command troops fired a missile from a helicopter at the rudder of the Vela Nova, a Panamanian-flagged container ship, earlier on Tuesday morning. 

The US official told the WSJ that the ship’s crew was transferred to another vessel after the attack. No casualties or injuries have been reported at this time, and all of the ship’s crew members were accounted for. 

Maritime security firm Vanguard claimed that the US missile “struck the vessel, causing a fire that was subsequently extinguished.”

This comes as the US and Iran remain at a standstill over peace talks to end the American blockade of Iranian ports and create a broader-reaching ceasefire.

Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, April 18, 2026.  (credit: REUTERS/STRINGER/FILE PHOTO)

Houthis fire at ship in Bab el-Mandeb Strait 

Also on Tuesday, the Iran-backed Houthis reportedly killed three crew members of a Tanzanian-flagged cargo ship in the Bab el-Mandeb Strait.

The Houthis have not claimed the attack, though two Yemeni coast guard sources and two military officials in the government confirmed the attack to Reuters. 

If confirmed, the fatalities on the Tanzania-flagged Tihamah would be the first deaths in a Houthi strike on a ship since the Middle East conflict was triggered by US-Israeli attacks on Iran at the end of February, Reuters reported.

Two Pakistanis and one Indonesian person were killed as the ship sailed from Salalah in Oman via Djibouti, the Yemeni sources said.

After the attack, the crew lost control of the vessel and were approached by Yemeni coastguard, they added.

This post was originally published on here. 

The Likud Party’s secretariat was set to vote Tuesday on approving reserved slots on the party’s Knesset slate for three ministers selected by Prime Minister Benjamin Netanyahu ahead of the elections.

During the vote, the party’s top internal court issued an interim order blocking one of the reservations for Likud Central Committee Chairman Haim Katz, who also holds multiple ministerial portfolios. 

Additional reserved slots are set to be granted to Defense Minister Israel Katz and Foreign Minister Gideon Sa’ar. 

The formal requests to reserve several slots for Netanyahu’s appointees were submitted to the Likud secretariat. While the vote was reportedly underway, the party’s top internal court issued the interim order freezing only the proposed slot for Haim Katz.

The court noted that the Central Committee chairman had already registered to run in the August 17 primaries and began campaigning. If the reserved slot were approved, he could stop campaigning, only to be placed at a disadvantage if the court later overturned the approval and he was forced back into the race. The court therefore suspended the vote on Katz’s slot pending a further decision.

Israeli prime minister Benjamin Netanyahu and Israeli president Isaac Herzog attend a state ceremony reburying Shimon and Rivka Herzl, the grandparents of Theodor Herzl, founder of modern political Zionism, alongside their grandson on Mount Herzl, in Jerusalem. (credit: CHAIM GOLDBERG/FLASH90)

The vote by the Likud secretariat on Tuesday comes after Netanyahu’s ability to control the slate was expanded last month.

The premier was granted the authority to determine eight slots within the first 30 spots on the party list last month following a vote on the controversial decision by the Likud Central Committee.

The party said its internal court ruled last week that the defense minister should receive a reserved slot, “even though he was already expected to reach the top of the list,” in order to “allow him to focus on security needs rather than engage in politics at this time.”

Sa’ar to receive slot upon party’s merger with Likud

Likud also stated that Sa’ar would receive a reserved slot as part of the merger agreement between his party and the Likud and that the Likud Central Committee chairman would receive a slot due to his senior position in the party.

Sa’ar had announced in 2025 that his New Hope-United Right would be merging with Likud, and would be returning to the party. He previously resigned from the Likud in 2020, heavily criticizing Netanyahu at the time. 

Likud had announced Monday that Netanyahu’s first reserved slot would go to entrepreneur and businessman Oren Dobronsky. The party announced shortly after 1 a.m. on Tuesday that the three ministers were also expected to receive reserved slots.

The changes to the party’s primaries have led to fierce internal tensions, with some party members in favor and others strongly against.

A fierce critic of changing the system has been MK Tally Gotliv, who is viewed as a candidate who would receive broad support from registered party members.

Gotliv sharply criticized the Tuesday decision to reserve the slots for the three ministers, condemning the defense minister.

She called the decision to grant Katz a reserved slot “a disgraceful move that mocks Likud voters, who understand one thing more than all the veteran ministers: the need to fight the legal establishment that is persecuting the right-wing government and right-wing figures.”

Gotliv later said she planned to petition the Likud’s internal court for a further hearing over the decision to grant Katz the reserved slot.

Netanyahu reportedly has held several meetings with the Likud Central Committee chairman Katz, seeking to bridge disagreements over the primary system and secure internal support for changing the system.

There were also reports that Netanyahu has threatened to leave Likud if the proposed changes were not advanced.

Those within the party who oppose changing the primaries have argued that it will cause those who would otherwise score highly in the primaries to fall further down the list.

The Likud has for years prided itself on conducting primaries in which over 100,000 of its registered members are eligible to vote for the Knesset list. Netanyahu pushed to change the system in recent weeks ahead of the primaries, which were set for August 17.

Parties are not required to hold primaries in Israel, and only a few do so.

The Likud primaries are expected to be highly competitive. Likud currently has around 40 ministers and MKs serving in the government and Knesset, but recent polls project the party winning only about 25 seats, leaving many at risk of losing their places on the party’s Knesset list.

Likud primary issue comes as October elections loom 

The debate on how to hold the Likud primaries comes ahead of the general elections, which are set to take place on October 27.

The primaries determine the Likud’s Knesset slate, with the party chairman placed first. Registered members then vote for candidates on the national list, while members from geographic districts vote for candidates from their respective districts.

Candidates chosen on the national list are combined with district representatives and places that guarantee representation for groups including women, immigrants, young members, and minorities. The regulations also reserve certain positions for candidates chosen by the party chairman.

In the 2022 primaries, for example, the first group of positions after the party chairman was largely filled by nationally elected candidates, while district positions and guaranteed-representation slots were inserted farther down the slate. Netanyahu was also given several reserved positions.

The precise locations of those different categories are determined before each election through the party’s temporary election regulations. That is why the current fight has centered not only on whether primaries will take place, but on how much of the resulting slate the members will actually control.

The tensions surrounding the slots also come after the Tel Aviv District Court on Monday rejected Likud MK Afif Abed’s attempt to restore a narrowly approved change allowing current and former MKs, ministers and deputy ministers to run in the party’s district primaries, leaving the restrictions in place ahead of the August 17 vote.

Judge Yaakov Shaked nevertheless sided with Abed on a central issue in the dispute, ruling that the Likud’s top internal court had exceeded its authority when it found that allowing incumbent politicians to compete in district races violated the party’s principle of equality.

This post was originally published on here. 

Watch this episode without interruptions.

Listen wherever you get your podcasts.

In this episode of the Defense and Tech Podcast, host Anna Ahronheim sits down with Yoni Heilbronn, co-founder and managing partner of IL Ventures, the Tel Aviv fund backing disruptive technology for legacy industries: logistics, smart manufacturing, robotics, and supply chain.

Ask Heilbronn what world leaders are underestimating, and he doesn’t start with a weapons system. The order that held for almost 80 years after World War II is gone, he tells Ahronheim, adding that globalization went with it. A tariff, a war, or a few men in Yemen shooting at cargo ships can now reprice an entire industry in a week.

European officials will say X, Y, and Z in public, says the IL Ventures co-founder and former CMO of automotive cybersecurity pioneer Argus. Behind the scenes, the purchase orders keep arriving at Israeli companies.

He also declines to sell the hype. Is the surge into defense tech a durable need or a bubble? Yes and yes, he says.

Germany alone is putting in more than $100 billion by his count, but sales cycles are long, development cycles longer, and he doubts there are enough integrators to produce the exits venture funds are built on. Governments are the other bottleneck: tenders and purchasing departments move at a speed startups can’t survive.

Heilbronn describes hacking a car’s head unit in a Tel Aviv office and hopping straight into the manufacturer’s corporate network. He explains why data centers now belong underground, why Israeli founders should look to Mexico and Brazil rather than New York, and how one portfolio company on the Lebanese border ages whiskey in weeks. In every mess, he says, there’s an opportunity.

This post was originally published on here. 

Abdul El-Sayed’s narrow victory in last week’s Democratic Senate primary in Michigan represents more than another local election. El-Sayed defeated Rep. Haley Stevens by less than one percentage point after outside groups supporting her spent more than $60 million, including more than $30 million from the American Israel Public Affairs Committee and organizations associated with support for Israel. He won in a state that US President Donald Trump carried in 2024 and will now face Republican Mike Rogers in November.

But one of the most notable aspects of El-Sayed’s campaign was not only what he said, but where he said it and whom he chose to say it with.

El-Sayed, who has called for an end to US military aid to Israel, made new media a central part of his campaign. In the final days before the vote, he walked through Detroit with online influencers, met with content creators, and spent a significant portion of Election Day giving interviews to streamers before turning to traditional media outlets. One of the most prominent figures alongside him was Hasan Piker, an Israel hater and one of the most influential political voices on Twitch.

Piker appears alongside El-Sayed at University of Michigan, Michigan State University

The connection was more than symbolic. In April, Piker appeared alongside El-Sayed at the University of Michigan and Michigan State University. In Ann Arbor, hundreds of young people stood in the cold in a line stretching outside the venue. Veteran Rep. Debbie Dingell, who attended the event, said she had not seen a crowd like it at a political event that year.

The scene illustrated something American politicians are increasingly beginning to understand: Younger voters are not getting their news primarily from CNN, NBC, or newspapers. Increasingly, they are being introduced to politics through streamers.

Abdul El-Sayed, winner of Michigan US Democratic primary, speaks during a press conference in Detroit, Michigan, US August 5, 2026. (credit: REUTERS/REBECCA COOK)

Piker has more than three million followers on Twitch, and his daily broadcasts can last seven hours or more. From his home studio, he moves between online videos, news, gaming, jokes, and political analysis, speaking in a style far removed from that of a traditional television commentator.

More broadly, an entire ecosystem of podcasts, streamers, and content creators on the American Left is gradually becoming political infrastructure for progressive candidates. It gives them a way to bypass the Democratic Party’s traditional gatekeepers, recruit activists, and build loyal audiences. Piker is one of the clearest examples of the phenomenon.

When it comes to Israel, Piker leaves little room for ambiguity. He describes himself as an anti-Zionist who believes that “Zionism is a racist ideology.” Over the years, he has made particularly harsh statements against Israel and has even said that Hamas is “a thousand times better” than the Israeli government. He explained the remark as a comparison between the scale of killing, rather than as support for Hamas’s domestic policies.

His critics, including Jewish figures and Democratic politicians, accuse him of crossing the line between criticism of Israel and antisemitic rhetoric. Piker rejects that characterization and argues that his criticism is directed at the state and Zionism, not at Jews.

Piker says Israel bears responsibility for October 7

Even after October 7, Piker did not moderate his position. He has said that, in his view, Israel bears fundamental responsibility even for the events of October 7 because of decades of “occupation and apartheid.”

That worldview has made him a focus of controversy within the Democratic Party. His supporters see him as someone willing to say openly what the establishment refuses to say. His opponents see him as an example of the increasingly radical discourse toward Israel among younger Americans.

Piker’s connection to this political media world began before Twitch. His uncle, Cenk Uygur, who is also anti-Israel, is 56, was born in Istanbul, and moved to the US at age eight. Uygur founded The Young Turks, one of the oldest and most successful progressive news and commentary ventures online.

Piker, 35 and born in the US, began his professional career working for his uncle at TYT before gradually moving into streaming and becoming a full-time independent creator in 2020. If Uygur belonged to the first generation that proved it was possible to build a digital alternative to cable news, Piker represents the next generation: less a “news program” and more an almost daily relationship between the broadcaster and his community.

Despite all this, it is important not to attribute more power to the two than they actually have. They did not create the shift in attitudes toward Israel on the American Left by themselves, and Piker certainly cannot take credit for El-Sayed’s victory.

El-Sayed’s campaign held more than 500 events, visited 110 cities, and built a network of about 12,000 volunteers, according to campaign figures. But the campaign’s use of influencers such as Piker was deliberate, and El-Sayed intensified that approach in the final days before the vote.

The phenomenon also extends far beyond his campaign. Left-wing new media is becoming a meaningful part of fundraising, activist mobilization, and efforts to put new candidates on the political map.

In Michigan, that connection carries particular significance. The state is home to one of the most significant Arab-American communities in the United States, and the war in the Middle East has become a domestic political issue there. Arab-American leaders in the state said during the primary that attempts by the Democratic establishment to distance candidates and media figures because of their criticism of Israel could instead push voters to stay home, support a third-party candidate, or even shift toward Republicans.

This may be the most important significance of El-Sayed’s victory for Israel. It does not prove that all young Americans have become anti-Zionists, nor does it show that the entire Democratic Party is moving in Piker’s direction. Nearly half of primary voters supported Stevens.

But it does show that a candidate calling for an end to military aid to Israel can win in a key state, and that an openly anti-Zionist content creator with millions of followers is no longer merely an Internet phenomenon. He can share a stage with a Senate candidate, draw hundreds of young people to an event, and become a legitimate part of a national election campaign.

Israel is belatedly beginning to understand that this is no longer an arena that can be dismissed as marginal. The battle over American public opinion is not taking place only in briefing rooms in Washington or television studios in New York.

Part of it unfolds for hours every day in front of a webcam, in a rapidly moving chat on the side of the screen, and in clips cut from a seven-hour broadcast that can become political material on TikTok, X, and YouTube within minutes.

El-Sayed’s victory in Michigan is not Hasan Piker’s victory, but it provides strong evidence that the world Piker represents is already part of American politics rather than something operating outside it.

This post was originally published on here. 

Kolthoum Akbari, a 56-year-old who has come to be known by the title of Iran’s “Black Widow,” was sentenced to death after she allegedly confessed to killing 12 out of her 13 husbands, the Mazandaran Judiciary’s public relations office told Iranian state media on Sunday.

Only one of Akbari’s victims said they forgave her for the death of their male relative, while a second family promised to give forgiveness once diyah (blood money) was paid. All of Akbari’s property is to be confiscated by the courts.

Akbari and the families of her alleged victims have been given 20 days to deliver their appeal to be considered by a higher court, after which the verdict will be final.

The 56-year-old was first arrested in September 2023 after she was suspected of murdering her 82-year-old “temporary” husband. It was soon discovered that the Black Widow had married a dozen times beforehand, and each marriage ended in the death of her husband.

In Iran, sigheh, or mut’ah (temporary marriage), is a legally recognized form of marriage that unites a man and woman for a predetermined period. The union requires a specified mahr (dowry) and verbal contract, but no witnesses. Unlike permanent marriages, under Article 940 of Iran’s Civil Code, temporary spouses do not automatically inherit.

A woman walks past a mural depicting Iran's late supreme leader Ali Khamenei at Valiasr Square in central Tehran on August 8, 2026. (credit: ATTA KENARE / AFP via Getty Images)

Akbari had reportedly received a dowry of 5 billion rials for her temporary marriage to her 82-year-old husband. Months before the elderly man passed, he told his children that Akbari had forced him to take medication for his heart and blood pressure, and he would often fall unconscious after consuming it. He claimed at the time that Akbari was trying to kill him.

Akbari’s children accuse her of murder following elderly husband’s death

After his death, his children went to the police and filed a complaint against their father’s temporary wife, accusing her of murder. It was during the course of the investigation that Akbari confessed to killing the 82-year-old and 11 others from 2000 onwards.

Akbari said she would initially marry the men temporarily and, after living with them for around two to three months, would kill her victims by giving them pills or dissolving the pills in their drinks.

This post was originally published on here. 

The High Court of Justice sharply criticized the Knesset on Tuesday for failing to provide dedicated polling stations in nursing homes and assisted-living facilities for the upcoming election, but appeared reluctant to impose through a court ruling an arrangement lawmakers had chosen not to enact.

Supreme Court President Isaac Amit said the system used in the previous two elections had “worked perfectly,” speaking from his experience as chairman of the Central Elections Committee.

“This is the first time the Knesset is going backward instead of expanding” access to voting, Amit said, adding that the decision was regrettable and that, in his personal view, the arrangement should have been retained.

The court did not issue a ruling at the end of the hearing.

The three petitions, heard by Amit and justices Ofer Grosskopf and Gila Canfy-Steinitz, challenge the Knesset Constitution, Law and Justice Committee’s decision not to advance legislation allowing special polling stations to be placed in nursing homes and assisted-living facilities.

Supreme court justice Ofer Grosskopf arrives for a hearing on a petition to convene the Judicial Selection Committee at the Supreme Court in Jerusalem, May 24, 2026. (credit: NOAM REVKIN/FLASH90)

Such stations were operated during the previous two elections under temporary legislation introduced during the COVID-19 pandemic. The Central Elections Committee recommended making the arrangement available again, but the Knesset committee declined to advance the proposal after it failed to receive broad support.

The decision leaves many elderly residents dependent on ordinary polling arrangements, even when the polling station assigned to their registered address is outside the facility where they live. Some residents have limited mobility or require wheelchairs, walkers, escorts or assistance from staff to leave their homes.

Knesset’s decision could prevent some residents from voting altogether

The petitions were filed by dozens of nursing-home and assisted-living residents, as well as organizations representing older Israelis. They argue that the Knesset’s decision could prevent some residents from voting altogether, violating the constitutional right to vote and the principle of equality in elections.

Attorney Yuval Yoaz, representing one group of petitioners, told the court that there was no dispute that elderly Israelis must be able to vote. The question, he said, was whether the state had done enough to ensure that the right could actually be exercised.

The petitioners proposed two possible solutions. The first would have the court temporarily apply the previous statutory arrangement to the coming election. Yoaz argued that this would not require the court to design a new voting system, since the mechanism had already been enacted and successfully operated.

Alternatively, they asked the court to interpret the Central Elections Committee’s existing powers broadly and require it to establish suitable polling stations under the law as it currently stands.

The justices, however, repeatedly questioned whether the first proposal would improperly place the court in the Knesset’s role.

Grosskopf noted that lawmakers had made a deliberate decision not to reenact what had previously been a temporary arrangement.

“There are many laws that are not enacted for political reasons,” he said. “We cannot replace the Knesset.”

Canfy-Steinitz similarly questioned the suggestion that an existing arrangement had simply been allowed to expire, noting that the previous rules were temporary provisions and that enacting them for the 2026 election would require new legislation.

Amit nevertheless made clear his dissatisfaction with the Knesset’s decision. He noted that election law has gradually expanded special voting arrangements for other groups, including police officers, prison guards and hospital patients.

He also questioned why provisions addressing voting by sailors remained on the books while the growing elderly population had been left without a dedicated arrangement.

Attorney Yitzhak Bart, representing the Knesset, argued that the previous system had been adopted specifically because pandemic restrictions made entering and leaving nursing homes particularly difficult. Those restrictions no longer exist, he said, and the court should not create a legislative arrangement that the Knesset had declined to enact.

The Central Elections Committee, meanwhile, said it was attempting to provide a partial solution within its existing authority.

Attorney Yonatan Berman of the State Attorney’s Office said the committee had contacted approximately 290 nursing homes and assisted-living facilities about placing regular regional polling stations on their premises. Where technically possible, those stations would also be designated accessible, allowing people who declare that they have limited mobility to vote there using double envelopes.

So far, 65 institutions have agreed, while discussions with dozens of others remain underway. Fifty-six facilities have objected, in part because a regional polling station would have to admit voters from outside the facility and remain operational through the vote count.

Proposed solution depends on each facility’s consent

Unlike the dedicated stations used in the previous elections, the proposed solution depends on each facility’s consent and would not necessarily serve residents whose registered address places them in another voting district.

Berman acknowledged that the plan would not provide a complete answer. Where a polling station cannot be placed inside a facility, the committee will seek to establish an accessible station within a reasonable distance, he said. Approximately 3,500 accessible polling stations are expected to operate nationwide.

Amit said he was persuaded that the Central Elections Committee was making a serious effort and asked it to examine further options, including whether facilities that had refused could be identified so residents and advocacy organizations could approach them.

The committee has not yet formally approved the placement of the polling stations. Its decision is expected by August 18, the statutory deadline 70 days before the election.

The court said a decision on the petitions would be issued separately.

This post was originally published on here. 

Illinois Realtors is launching a statewide partnership program with local officials to accelerate housing production by identifying and removing local barriers to homebuilding, the association announced on Tuesday. 

Through the Illinois Housing Supply Accelerator Program, Illinois Realtors’ governmental affairs directors will work directly with mayors, county leaders, planners and other housing stakeholders to address community-level constraints that slow or prevent new construction.

The initiative comes as markets across Illinois face rising pressure to deliver housing that is attainable for residents, support job growth and meet employer demands for workforce housing. Like many states, Illinois has seen supply constraints slow household formation and in-migration to certain job centers, pushing up prices and rents while intensifying affordability challenges.

Under the accelerator program, local decision-makers and housing stakeholders will review zoning ordinances, development regulations and other local requirements that influence how quickly and cost effectively homes can be built. Each participating community will set its own priorities and pursue solutions tailored to its housing market, including defined actions, timelines and metrics to track progress.

Illinois Realtors framed the program as an expansion of its long-standing work with mayors and local officials on housing policy, leveraging its statewide government affairs network to work more directly with municipal and county governments.

“The housing shortage is worsening every day, and communities need tools they can use now,” said Jeff Baker, CEO of Illinois Realtors. “We are providing our expertise and our local relationships directly to communities to help them identify the barriers standing in the way of housing and to take meaningful steps to remove them. This is about moving from recognizing the problem to getting homes built.”

The association said it will work alongside communities to design solutions that reflect local conditions and can be implemented quickly, in some cases almost immediately. Potential changes range from streamlining approvals and updating zoning to adjusting fees and requirements that may deter certain types of housing.

“We’ve seen momentum building at the federal level, and we’ve seen state leaders recognize the severity of this supply crisis,” Illinois Realtors President Jeff Kolbus said in a statement. “Now, the battleground is local. Mayors are asking for help, developers are ready to build, and this program delivers the exact blueprint and leverage needed to turn policy intent into actual homes.”

This initiative comes as lawmakers across the country at the state and national level swork to increase housing supply and affordability through a variety of measures.

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

This post was originally published on here. 

U.S. stocks opened cautiously higher Tuesday, August 11, as fresh reports of possible progress toward a U.S.-Iran arrangement eased some of the pressure from surging oil prices. The Dow Jones Industrial Average opened down 14.4 points, or 0.03%, at 53,961.60. The S&P 500 gained 14.4 points, or 0.19%, to 7,767.51, while the Nasdaq Composite rose 66.8 points, or 0.25%, to 26,672.18. Within the first half-hour, the Dow reversed higher by roughly 65 points, the S&P held a gain of about 0.1%, and the Nasdaq was near unchanged. 

The immediate market driver is still the Strait of Hormuz. Brent crude briefly pushed above $90 a barrel before retreating toward $87 after reports suggested the United States and Iran may be moving closer to an arrangement and Qatar said Iran-Oman negotiations were advanced. Oil had jumped more than 5% Monday as hopes for a quick agreement faded. Treasury yields also moved lower Tuesday morning, giving some support to stocks. 

Tuesday’s morning economic data was light but encouraging. The NFIB Small Business Optimism Index jumped to 99.8 in July from 97.4, beating the 97.0 consensus and reaching its highest level in roughly 11 months. Hiring intentions strengthened, but labor shortages remain a problem: 36% of owners reported positions they could not fill, while inflation fell sharply as a top concern. The National Association of Realtors’ July existing-home-sales report was scheduled for 10:00 a.m. ET; its official release page had not yet posted the July figure at the cutoff for this recap, so JBizNews is not assuming a number. 

Individual stocks are moving much more sharply than the indexes. Riot Platforms surged roughly 17% after announcing a 20-year computing agreement valued at about $9.1 billion to supply 191 megawatts of capacity to a major AI company reported to be Anthropic. On Holding fell roughly 16% after missing second-quarter sales expectations and cutting its full-year forecast, while Hims & Hers dropped about 7% following a wider-than-expected quarterly loss. 

Healthcare and business-services earnings are providing some upside. Cardinal Health rose about 8% in early trading after beating quarterly profit expectations and forecasting fiscal 2027 adjusted earnings of $12.40 to $12.60 a share, above the roughly $12.04 Wall Street consensus. Aramark gained about 8% after reporting better-than-expected quarterly profit and revenue. Intel remained slightly lower after increasing its newly announced stock sale to $20 billion from $15 billion, pricing approximately 210.5 million shares at $95 apiece to raise money for capital spending and other corporate purposes. 

For the rest of Tuesday, oil and Iran headlines remain the fastest-moving risk for the market. Investors will also watch the New York Fed’s second-quarter household debt and credit report at 11:00 a.m. ET. After the closing bell, AI-linked companies Super Micro Computer, CoreWeave and Lumentum are scheduled to report earnings, giving investors another read on whether enormous AI infrastructure spending is translating into revenue. 

The larger test arrives Wednesday morning. July CPI is scheduled for 8:30 a.m. ET, with economists looking for headline inflation of roughly 3.4% year over year, down from 3.5% in June. After Friday’s weak employment report, a softer inflation number could strengthen the argument for the Federal Reserve to remain on hold in September; a hotter number, particularly after the recent oil spike, could quickly push Treasury yields higher and pressure richly valued technology stocks. 

JBizNews Desk | Wall Street

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Russia’s seaborne crude shipments have fallen to their weakest level since May, according to tanker-tracking data reported Tuesday — the third straight week of decline and a sharp reversal from the record wartime volumes Moscow was pushing out of its ports just six weeks ago.

The mechanism behind the swing is Ukraine’s drone campaign, and it works in both directions. When Ukrainian drones knock out Russian refineries, Russia cannot process its own crude at home, so it dumps the raw barrels onto tankers and exports them. When the drones hit ports, tankers and export terminals instead, the barrels stop moving altogether. That is the switch that has flipped over the past month.

The numbers behind the drop

The trail is clear in the weekly tanker data. Four-week average seaborne crude shipments hit 4.22 million barrels a day in the period to July 5, the highest since Russia invaded Ukraine in 2022. They held at 4.21 million barrels a day through July 12. By the four weeks to Aug. 2 they had dropped to 3.9 million barrels a day, falling below 4 million for the first time in six weeks and hitting the lowest level since mid-June. This week’s reading takes the decline further, back to territory last seen in the spring.

Ukraine shifted tactics in the second half of July, sending drones after tankers in the Black Sea and Sea of Azov and warehouses in western Russia rather than refineries, then swung back to refinery strikes — hitting Rosneft’s Ryazan plant, Lukoil’s 300,000-barrel-a-day Volgograd facility, a Bashneft complex at Ufa and Rosneft’s Saratov plant. Port activity reflects the security risk: loadings at Novorossiysk have stayed near half their recent peak.

Refining at a 24-year low

The damage to Russia’s downstream industry is severe. Refineries processed an estimated 3.6 million barrels of crude a day in July, the lowest since May 2002 and roughly a third below the seasonal norm, according to EA Analytics data cited by Bloomberg. Between 2020 and 2025, Russian refineries ran 5.3 million to 5.6 million barrels a day at this point in the year.

Refined products are where the loss shows up hardest. Russian oil product export loadings fell 23% in July to 4.7 million tonnes, the lowest on record and less than half the 9.6 million tonnes loaded in July 2025, with the Tuapse terminal — under sustained drone attack since May — loading almost nothing for a second consecutive month.

The barrels that don’t arrive

Shipping crude is not the same as selling it, and Russia has been running into that gap all summer. Cargoes have been taking longer to clear, with tankers of Urals crude anchored off Egypt’s Mediterranean coast and in Indonesia’s Riau archipelago near Singapore, and far-eastern grades idling for weeks near the Pacific port of Kozmino. Those delays pushed the volume of Russian crude sitting on water to about 135 million barrels by mid-July.

Revenue has followed the same path down. The gross weekly value of Russia’s seaborne crude exports fell to a four-week average of $1.68 billion, down $200 million from the prior period, with Baltic Urals at $52.61 a barrel and cargoes delivered to India hitting an eleven-week low of $70.58. Urals averaged $60.22 a barrel in July, down 3% on the month but still well above the $44.10 EU and U.K. price cap that took effect on Feb. 1.

What it means for buyers

The customers are concentrated, which magnifies every disruption. India’s imports of Russian crude hit a record high for a second consecutive month in July, up 2.1% and worth €5.5 billion. Indian refiners have built their margins around discounted Russian barrels; when volumes tighten, they buy replacement cargoes from the Gulf and West Africa at narrower spreads, and that competition for non-Russian barrels is what eventually reaches diesel and jet fuel prices in Western markets.

For American businesses, the transmission runs through freight and fuel rather than through any direct trade. Fewer Russian barrels reaching Asia tightens the global pool, and reduced Russian product exports remove diesel supply from a market that has been thin all year. Diesel is the cost line that moves trucking, rail and construction pricing.

The open question is whether this is a durable decline or a pause. Russia’s export machine has proven resilient at rerouting around damage, and year-to-date flows still run above every annual average since the 2022 invasion.

JBizNews Desk | New York

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A three-year-old California company that builds $2,000 attack drones is now worth $2.5 billion, roughly triple its value from nine months ago, according to reports Tuesday on its latest fundraising. The jump makes Neros one of the fastest-rising names in American defense manufacturing and puts a hard number on how much investors will pay for a domestic alternative to Chinese-made drones.

The arithmetic behind the leap is straightforward. Neros was valued at roughly $839.5 million as of November 10, 2025, when it closed its last round. That was a $75 million Series B led by Sequoia Capital with participation from Vy Capital US and Interlagos, bringing total capital raised to more than $120 million. Since then the company landed the kind of order that changes a valuation model.

The contract that moved the number

In July, the Army awarded Neros an indefinite-delivery contract worth up to $500 million for its Archer first-person-view attack drones, with Defense Daily reporting the ceiling could cover hundreds of thousands of aircraft — one of the largest small-drone commitments in Army history. A contract ceiling four times the company’s entire lifetime funding, from a customer that historically buys in decades-long cycles, is what a private valuation reprices against.

Neros currently turns out about 1,200 drones a week and plans to reach one million units a year by 2028. Each Archer costs roughly $2,000, and a fully equipped system with a warhead runs about $5,000. That price point is the entire pitch. Traditional prime contractors — General Atomics, Northrop Grumman, Raytheon, Lockheed Martin — build unmanned systems that typically run $500,000 to $20 million per unit at volumes of a few hundred a year, under cost-plus contracts that reward covered costs rather than manufacturing efficiency.

Built by drone racers

Neros was founded in 2023 by Soren Monroe-Anderson and Olaf Hichwa, competitive FPV drone pilots who concluded that Western militaries had fallen behind on domestically manufactured combat drones. The flagship Archer is a compact eight-inch aircraft weighing two to three pounds empty, able to carry a 4.5-pound payload as far as 12 miles, paired with a Crossbow ground control station.

The supply chain is the differentiator Washington cares about. The company has built what it calls a China-free supply chain, designing most components in-house and focusing on resistance to electronic warfare. As Monroe-Anderson has put it, much of the underlying FPV technology worldwide rests on chips, modules and core intellectual property from China, which means the components have to be rebuilt from an allied supply base rather than simply copied.

The battlefield record came first, and the contracts followed. Neros has shipped thousands of systems to Ukraine and to the U.S. Department of War, has been delivering drones to the U.K. Ministry of Defence, and runs an office in Kyiv alongside its Los Angeles headquarters. It has also set up a British subsidiary with up to £10 million of investment over five years to support U.K. sovereign drone manufacturing.

A sector repricing itself

Neros is not moving alone. Defense technology venture funding hit a record $49.1 billion in 2025, nearly double the prior year, and Anduril closed a $5 billion round at a $61 billion valuation in May. In June, Berlin-based Stark Defence raised €500 million from Sequoia and Founders Fund at a €3.2 billion valuation, up from €140 million raised in total previously. British air defense startup Cambridge Aerospace raised $300 million at a $3.4 billion post-money valuation this week.

What it means for business

Cheap, mass-produced drones are becoming a manufacturing category rather than a weapons program, and that pulls demand down into a supplier base of machine shops, battery makers, radio and optics firms, and injection molders — most of which do not think of themselves as defense companies. A one-million-unit annual target requires a domestic parts pipeline that does not currently exist at that scale, and the firms that build it will be doing so on orders that did not exist two years ago.

The risk sits in the same place as the opportunity. A $2.5 billion valuation on a company whose revenue is concentrated in government programs assumes those programs keep funding at the pace they set this year. Contract ceilings are not the same as delivered orders, and the gap between the two is where defense startups have historically stumbled.

JBizNews Desk | New York

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Top of the morning to you, and a fine one it is. Sunny skies and mild breezes are enveloping the Pharmalot campus once again. And to celebrate, we are brewing still more cups of stimulation and inviting you to join us. Our choice today is blackberry hibiscus. Remember, a prescription is not required. So no need to mess with rebates or even TrumpRx. Meanwhile, here are a few items of interest. Hope you have a meaningful and productive day and, of course, do stay in touch. …

The U.S. Food and Drug Administration rejected a radiopharmaceutical therapy because of manufacturing issues, halting what would have been a competitor for Novartis, STAT notes. The drug had been developed by ITM Isotope Technologies Munich SE, a long-standing player in the field of radiopharmaceuticals, which are an emerging treatment designed to shoot radioactive isotopes directly at tumor cells. The company had been anticipating the FDA would sign off on the drug and last month launched a new division, Lumara Bio, to commercialize and sell it.

Hims & Hers plans to jump into the peptides market before the end of the year, seeing opportunity to seize on a booming corner of the health industry, Bloomberg News says. The telehealth company is preparing to sell already-allowed popular compounds that patients seek for wellness and longevity benefits despite limited clinical evidence. The plan comes as the FDA decides whether to loosen restrictions on seven different compounds. Last month, the agency held a hearing in which outside advisers recommended easing limits on production and expanding access.

Continue to STAT+ to read the full story…

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A slow-moving storm front is parked over Ohio and the wider Midwest today, dumping rain faster than the ground can absorb it and putting a long stretch of the country’s freight and manufacturing belt under flood warnings. The National Weather Service issued a flash flood warning at 5:30 a.m. today for four counties in central Ohio — Fairfield, Hocking, eastern Franklin and southwestern Licking — after morning thunderstorms brought heavy rain, with law enforcement reporting flash flooding to the weather service. More storms are expected through tonight, and the strongest are still ahead.

The Midwest and Ohio Valley, including Chicago and Cincinnati, are under an enhanced, or level 3, risk of severe thunderstorms, which has triggered numerous flood warnings and watches from Indiana into western Pennsylvania and Virginia, the weather service said. As of 7 a.m., up to 3 inches of rain had fallen in parts of Ohio.

The mechanism is simple. A slow-moving front is interacting with tropical air, and rainfall rates of 1 to 3 inches per hour are possible in the heaviest downpours. When storms keep re-forming over the same towns, the water has nowhere to go. A flood watch runs through Wednesday morning across dozens of counties in Ohio, Indiana and northern Kentucky, with several rounds of thunderstorms expected and the potential for storms to repeatedly track over the same locations.

The worst of the wind is timed for the back half of the day. The most widespread destructive winds are expected in one or two clusters of storms moving from northern Illinois into Indiana, Ohio and northeast Kentucky this afternoon and evening, with gusts topping 75 mph possible in a few spots. The tornado risk is low, but one or two are possible.

Power already going down

Utilities across the region are running restoration crews for a second straight day. Storms in the Mid-Atlantic knocked out power to nearly 175,000 homes and businesses across four states Monday night, with the bulk of the outages in Virginia, according to poweroutage.us. In northeast Ohio, Monday’s storms brought down wires and trees, forcing road closures and leaving many FirstEnergy customers without service.

For businesses, an outage of a few hours is rarely just an outage. Cold storage, food service, data rooms and any operation running a production line absorb losses that never show up in a weather report — spoiled inventory, halted shifts, and overtime to catch up once the lights come back.

A freight corridor under water

The warning zone sits on top of one of the busiest trucking corridors in the country. Interstate traffic through Indianapolis, Columbus, Cincinnati and Louisville feeds the distribution centers that supply retail across the eastern half of the United States. Flooded on-ramps and closed secondary roads slow deliveries in a way that ripples out for days, because a truck that misses a dock appointment does not simply get the next slot.

The Ohio River runs through the same footprint, and heavy runoff into its tributaries affects barge movement of coal, grain and chemicals. Farmers across Ohio, Indiana and Illinois are heading into the final stretch before harvest with fields that have already taken repeated soakings, and standing water on saturated ground does more damage to a crop than a single hard rain.

Why this week is worse than a normal storm

The ground is the problem. The flood threat zone is expected to stay largely unchanged Wednesday and Thursday, and areas already waterlogged from earlier in the week will be even more prone to flooding. Storm totals could top 6 inches where the storms hit more than once — close to double the average August rainfall of 3.43 inches in Cincinnati and 3.75 inches in Charleston, West Virginia. A level 3 of 4 threat of flooding rainfall covers Charleston, Cincinnati and the eastern side of Indianapolis.

The region has been here recently. Torrential rain on July 21 sent creeks in West Virginia to historic levels, washing out bridges and prompting numerous water rescues. Repeat flooding in the same counties raises rebuilding costs and puts pressure on property insurance in markets that were never priced as flood risk.

What to watch

The immediate question is how much rain falls between this afternoon and Wednesday morning, and whether the strongest wind clusters track over metro areas or open country. Businesses in the watch zone should assume power interruptions, plan for staff who cannot safely commute, and hold off on scheduling deliveries into the affected corridors until the front clears. The weather service repeated its standing warning to drivers not to attempt flooded roads, noting that most flood deaths happen in vehicles.

JBizNews Desk | New York

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The Mossad toured the Fordow nuclear site “many times” in order to understand it, former spy chief Yossi Cohen revealed at the Galilee Conference on Tuesday.

It remains unclear whether Cohen was referring to agents physically present within the facility or to remote monitoring.

“Its bombing by the Americans is the fulfillment of all my dreams,” Cohen added.

Regarding reports that the Iranians are approaching a nuclear weapons breakout, Cohen argued that “uranium enriched to 60% is still far from a bomb.”

 A satellite view shows an overview of Fordow underground complex, after the US struck the underground nuclear facility, near Qom, Iran June 22, 2025 (credit: MAXAR TECHNOLOGIES/VIA REUTERS )

As noted, the Fordow nuclear enrichment site, which is buried in a mountainous area, was attacked by the Americans during Operation Rising Lion. At the time, the Islamic Republic’s Atomic Energy Organization said the damage caused was “limited.”

“Limited damage was caused to several areas at the Fordow enrichment site, and we had already removed a significant portion of the equipment and materials. Therefore, there was no extensive damage, and there are no concerns about contamination,” said Behrouz Kamalvandi, deputy head and spokesman of the organization.

However, The Jerusalem Post is aware that the IDF has capabilities that could cause cave-ins at Fordow, which lies underneath a mountain. Additionally, initial estimates made known to the Post in March estimated that Fordow could be destroyed.

However, due to the site’s location and construction, it might be unclear for a while what the true extent of the deal. Some Israeli officials told the Post they believe Fordow was destroyed, while others said caution should be the rule until confirmation.

Natanz nuclear site damaged only above-ground

According to Kamalvandi, the enrichment complex at Natanz was damaged mainly in its above-ground sections. He stressed that because most of the facilities are located underground, there was only a small amount of leakage inside that did not spread outside.

The senior agency official also said that minor damage was caused to the nuclear complex in Isfahan. He said there were no casualties in the strikes at any of the nuclear facilities and stressed that wherever damage was caused, “we will rebuild them in a much better way.”

Many believed that Israeli attacks on Natanz and Isfahan in the 2025 war would set Iran’s nuclear program back anywhere from six months to two years or more. 

 

This post was originally published on here. 

Some Jewish school principals in Britain spend more time dealing with security than with education, the BBC reported on Tuesday, based on an upcoming review on educational antisemitism.

The government-commissioned independent review is led by David Bell, who previously served as permanent secretary at the Department for Education from 2006 to 2011 and chief inspector of schools in England between 2002 and 2005. 

The final version of the review is due to be released in autumn, and the BBC reported that it will likely include training programs for teachers, standardization in reporting incidents of antisemitism, and education about antisemitism for students.

Bell told the BBC that Jewish students in the UK were “facing a pressure – and indeed one might say even a crisis – that is not the experience of other communities in this country.”

“When you think about antisemitism, you assume that it’s going to be directed towards adults,” he said. “What’s been quite shocking is the extent to which antisemitism is encountered by children and young people.”

A sign hangs at the site of a suspected arson attack on a former synagogue in London, Britain May 5, 2026. (credit: Jack Taylor/Reuters)

Jewish student told he should be in gas chamber

One of the teenagers who gave evidence for the review spoke about the antisemitic harassment he had faced in school.

“People were telling me that I should be in a gas chamber. Swastikas were drawn in lots of classrooms and Nazi salutes became quite widespread,” he explained. “Obviously for someone whose family suffered in the Holocaust it was incredibly difficult to have to deal with comments like that.”

However, the teenager also said that a single class about modern antisemitism had helped significantly.

“Attitudes changed immediately, and people did apologize to me. I experienced a lot less antisemitism. If it works in my school, there’s no reason that it can’t work in every school across the country.”

Security against antisemitic attack is ‘overwhelming priority,’ school principal says

Several school principals spoke to the BBC anonymously, confirming the extent to which Jewish students and faculty struggle with the threat of antisemitic attacks.

“In recent years [security] has become an overwhelming priority and increased a significant amount,” one stated. “There have been weeks where approximately 90% of my time has been spent on security-related matters.

“Security concerns can become one of the many things that headteachers carry with them beyond the school day and, quite literally, can be among the things that keep me awake at night.”

Another said that the required emphasis on security issues prevented him from “working on educational priorities and on improving our school – instead my focus and time has been spent on security, something that should be a given for every child in this country.”

“Antisemitism has no place in our society, let alone our education system,” Education Secretary Lucy Powell stated to the BBC. “Jewish children and staff should never face hatred or prejudice, and every school and college must be equipped to tackle it when it happens.”

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In an odd twist, Washington is now offering Saudi Arabia a pathway to the very nuclear activity – uranium enrichment – that has been the prime target of American bombing in Iran. 

If Iran gets the bomb and the kingdom exploits its “peaceful” nuclear program and follows suit, Israel may be pressed but will hold its own. But that’s only if Riyadh gets the bomb. The US deal, however, as currently drafted, is a prescription for much wider proliferation which no one, including Israel, is likely to survive.

Why? Deterrence will fail as the number of parties deterred rises. And, make no mistake, once Washington greenlights nuclear fuel-making for Saudi Arabia, the spread won’t stop there.

First up is Iran, which insists it has an “inalienable” right to enrich uranium. The United States denies this, but conceded in its first understanding with Iran this June that if Tehran meets certain terms, it may exercise a “conditional” right. 

 Illustrative image of Saudi crown prince Mohammed bin Salman (credit: Canva, GoodFon, REUTERS/Nathan Howard/Pool)

The problem is, even if Iran’s enrichment activities are “safeguarded,” they still can be hijacked to make a bomb. That’s why critics demand that any final agreement prevents Iran from enriching, full stop. They’ve got a point. If the Saudi deal proceeds as drafted, Iran can rightly insist that it should have no less a right.

Second up is the United Arab Emirates. Under the nuclear cooperative agreement that the United States negotiated and finalized in 2009, the Emirates agreed to forswear enriching uranium and recycling plutonium – processes that can bring states within weeks of acquiring a nuclear bomb.

That agreement, however, had a proviso: if Washington offered any of the UAE’s neighbors more generous nuclear cooperation, Abu Dhabi could renegotiate the terms of its agreement. It threatened to do that in 2015 when the US allowed Tehran to continue to enrich uranium under the Joint Comprehensive Plan of Action (the Iran Nuclear Deal). 

Washington pushed back, noting that the Iran Deal wasn’t a formal nuclear cooperative agreement. Unfortunately, the US-Saudi deal is.

Then there are Egypt and Turkey. Both have large nuclear power plant construction projects underway. Both previously refused American requests to follow the UAE’s example and forswear making nuclear fuel. 

Turkey’s President Recep Tayyip Erdogan and his heir-apparent, Hakan Fidan, both have said that if other nations get nuclear weapons, Turkey should. It’s currently developing an intercontinental ballistic missile.

Washington and Riyadh downplay these worries. The Saudis demand America trust them. Meanwhile, US Energy Secretary Chris Wright insisted there is no nuclear proliferation danger, and that the current Saudi deal will “reinforce global nonproliferation standards.” It’s hard to see how.

The secretary’s pitch is a hard sell. For starters, Riyadh has refused to adopt International Atomic Energy Agency (IAEA) inspections that would allow them to investigate undeclared nuclear sites. A total of 144 nations have accepted such inspections; Saudi Arabia has refused. Apparently, Riyadh is wary of outsiders checking on what it might be up to.

But Wright argued that there is a way to “blackbox” whatever uranium enrichment plant the US might build for the Saudis. Possession, though, is 90% of the law: whatever is built on Saudi soil can be seized by Saudis. The Saudis also could bait-and-switch, using the declared enrichment activity to obscure covert efforts. Pakistan might help the Saudis carry this out.

Opening the gates

All of this recommends holding the line against even a “little bit” of nuclear fuel-making in states that lack nuclear weapons. The White House counters that we must be realistic that it is better to be in the nuclear slave trade and control it than not. Riyadh, after all, has threatened to take their business to China or Russia – and they have absolutely no scruples.

Really?

The last country to offer nuclear fuel-making assistance to a non-nuclear weapons state wasn’t Russia or China. It was the US. It did this 60 years ago, when it helped India reprocess nuclear weapons-usable plutonium that in 1974 fueled a “peaceful nuclear explosive.”

Since then, no state – including the United States – has offered nuclear fuel-making assistance to any non-nuclear weapons state.

Pushing the current US-Saudi nuclear deal would reverse that standard and open the sluice gates to nuclear proliferation. This, in turn, would pose a threat not just to Israel, but the world. 

In 2009, Washington renegotiated its agreement with the UAE and set the right standard of no fuel-making. It should do the same with Riyadh.

The author is the founder and the executive director of the Nonproliferation Policy Education Center (NPEC) in Washington.

This post was originally published on here. 

With Hamas and Hezbollah substantially weakened, Iran is increasingly relying on the Houthis as its principal remaining proxy capable of exerting sustained military and economic pressure on the US and its regional partners.

Currently, as a complement to Iran’s campaign in the Strait of Hormuz, the Houthis are attempting to exploit their control of the Bab al-Mandab Strait, situated at the foot of the Red Sea and controlling access to the Suez Canal.

Simultaneously with harrying the shipping in the strait, they are striking targets in Saudi Arabia in conjunction with Iran, whose 2023 pact with Saudi Arabia has been consigned to the trash.

On February 28, 2026, in response to the US-Israel attack, Iran launched missiles and armed drones against Saudi Arabia and other Gulf States, mainly because they harbored US bases, but also to punish and deter both Saudi Arabia and other governments for their close connection to the US.

Iranian strikes were reported to have hit energy facilities in Saudi Arabia, including igniting a fire at the Ras Tanura oil refinery. The Prince Sultan Air Base was also targeted by drone attacks, then and later.

On July 16, Reuters reported that Iran had instructed the Houthis to prepare to close the Bab al-Mandab Strait, citing multiple regional and Iranian sources. The directive to do so would be given if the US struck Iran’s power grid or energy infrastructure.

Although the order was described as a contingency directive, the Houthis reportedly began positioning missiles and drones near the strait while awaiting any further authorization.

Four days later, on July 20, Houthi military spokesman Yahya Saree appeared on television to announce that “a maritime embargo against the criminal Saudi enemy” would be imposed immediately. He described it as an “eye for an eye” measure in response to what the Houthis called Saudi Arabia’s long-running blockade of Yemen and a recent attack on Sanaa International Airport.

The result is a second maritime choke point, augmenting Iran’s pressure on international shipping in the Strait of Hormuz. The Houthis are targeting Saudi oil exports and commercial tankers using Saudi ports, thus attempting to close off the principal alternative export route available after disruptions in Hormuz.

The operation as a whole is, in effect, a joint effort by Iran and its Yemeni ally to exert maximum pressure on global oil markets.

A few days later, in response, the Saudi-led coalition struck Houthi targets in Yemen.
In short, Iran-Saudi rivalry is being fought out mainly on the Houthis’ front, the crisis is being sustained by the Houthis’ military action, and the Saudi coalition clearly regards the Houthis as part of Iran’s regional leverage network.

But Saree’s TV address clearly revealed that, from the Houthis’ point of view, two wars are overlapping, and in taking up the fight, the Houthis are killing two birds with one stone. Saree referred to Saudi Arabia’s “blockade” of Yemen, and its strike against the airport at Sanaa, once Yemen’s capital.

So in attacking Saudi Arabia, the Houthis are not only acting in direct support of Iran, but are also striking at the ally of their main opponent in Yemen’s long-running civil war – the internationally recognized Yemeni government.

Tehran knows oil is the globe’s Achilles’ heel

Since 2014, the Houthis, having overthrown the official Yemeni government, have controlled Sanaa and much of north-western Yemen. That government – now based principally in Aden – continues to be recognized by the UN and receives military and financial backing from Saudi Arabia.

Saudi Crown Prince Mohammed bin Salman (MBS) was alarmed at the prospect of Iran gaining a foothold on the Arabian Peninsula, and in 2015, with the civil war at its height, he intervened militarily.

He formed a coalition whose declared objective was to restore the internationally recognized Yemeni government and prevent the emergence of an Iranian-aligned regime on his country’s southern border.

Although a UN-brokered truce in 2022 substantially reduced cross-border fighting, it never resolved the underlying political conflict. The Houthis retained control of the capital and most of Yemen’s population centers in the northwest, while the recognized government retained international legitimacy but exercised authority over only part of the country.

Accordingly, from the Houthis’ perspective, Saudi Arabia remains not merely a regional rival but the principal foreign military supporter of its domestic enemy. Conversely, from Riyadh’s perspective, the Houthis are an armed insurgent movement backed by Iran that displaced Yemen’s legitimate government.

Most intelligence services and academic experts now reject earlier characterizations of the Houthis as merely “Iranian puppets.” They are now seen rather as partners with overlapping interests but independent agendas.

Iran provides support because the Houthis advance Tehran’s regional interests, while the Houthis, retaining significant autonomy in decision-making, accept support because it enhances their military and political position. Both sides derive substantial benefits.

Particularly since October 7, Iran has reportedly supplied the Houthis with missile and Unmanned Aerial Vehicle (UAV) technology, including training, intelligence, and financial support, and diplomatic backing.

The Houthis, meanwhile, provide Iran with pressure on Saudi Arabia and on Red Sea shipping, leverage against Israel, and a relatively inexpensive means of projecting regional influence.

Two possible developments might cause the mutually beneficial partnership to disintegrate. The first, and perhaps the more plausible, would be a decisive weakening or collapse of the Iranian regime following a renewed US military campaign, should a future Trump administration conclude that Tehran remained irredeemably hostile and that diplomatic options had been exhausted.

Such an outcome could deprive the Houthis of their principal source of advanced military technology, training, and political backing, forcing them to pursue a more independent course.

A second, less likely possibility would arise if sustained efforts by UN Special Envoy for Yemen Hans Grundberg succeeded in bringing the principal parties to the civil war into meaningful negotiations, securing a durable ceasefire and a comprehensive political settlement.

Were the Houthis to become stakeholders in a recognized governing arrangement, their incentives could shift toward economic reconstruction, international legitimacy, and stable regional relations, reducing the strategic value of close alignment with Iran.

For the moment, though, the liaison is firm, and the Houthis have become Iran’s only major proxy capable of exercising direct international pressure by threatening world oil supplies.

The writer, a former senior civil servant, is the Middle East correspondent for Eurasia Review. Follow him at: www.a-mid-east-journal.blogspot.com

This post was originally published on here. 

In the wake of a spate of cyberattacks against municipal water systems in multiple US states, suspected to have been perpetrated by Iran, US officials are pushing to pass legislation aimed at fixing security gaps that leave the infrastructure vulnerable to hacks. 

California Senator Adam Schiff, the top Democrat on the Environmental Protection Agency’s (EPA) water panel, and Minnesota Senator Amy Klobuchar on Monday unveiled the Water Cyber Shield Act, a bill intended to fortify drinking water and wastewater systems.

The proposed legislation follows numerous warnings from the EPA itself in addition to the US Federal Bureau of Investigation (FBI), Cybersecurity and Infrastructure Security Agency (CISA), and Government Accountability Office (GAO).

On July 22, days before a suspected Iranian cyberattack targeted over 30 municipal water systems in multiple states, US government agencies updated an April advisory emphasizing the growing threat of Iran-affiliated hacks on internet-connected systems.

In the advisory, the FBI, CISA, and US National Security Agency (NSA) noted previous incidents in which cyber threat actors linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) similarly targeted US infrastructure, drawing a connection between the water systems hacks and earlier cyberattacks.

FBI Director Kash Patel, former director of national intelligence Tulsi Gabbard, CIA Director John Ratcliffe and DIA Director Lt. Gen. James Adams attend a US House Intelligence Committee hearing on worldwide threats, on Capitol Hill in Washington, US March 19, 2026.  (credit: Reuters/Kylie Cooper)

The FBI posited that Iran-affiliated cyberattacks increased, likely in response to ongoing hostilities between Washington and Tehran.

Cyberattack could tamper with drinking water, cause contamination

The consequences of a mass cyberattack on drinking and wastewater infrastructure could be significantly harmful to public health, according to a GAO report on the matter. If systems that monitor and control water treatment were tampered with by malicious actors, drinking water could be contaminated with unsafe levels of bacteria or chemicals.

Aging water infrastructure paired with a lack of federal cybersecurity oversight, according to Schiff and Klobuchar, exacerbate vulnerabilities in increasingly automated, internet-connected water systems.

The Water Cyber Shield Act, if passed, would expand the EPA’s authority to conduct cybersecurity assessments and mandate corrective action when cybersecurity gaps are found. 

It would also allow the EPA to establish enforceable baseline standards for the cybersecurity of drinking water and wastewater systems, with $300 million in funding allocated to bringing vulnerable systems into compliance with the standards.

Under the proposed bill, large drinking water and wastewater systems would additionally be required to integrate cybersecurity threats into their already existing risk and resilience planning.

EPA previously prevented from mandating cybersecurity measures

While the EPA is the federal body responsible for risk management in the water sector, it was previously prevented from mandating cybersecurity measures. 

In 2023, the EPA was forced to withdraw a memorandum addressing cybersecurity issues after multiple US states sued the agency, arguing that the EPA did not have the authority to enforce the proposed guidelines.

This post was originally published on here. 

The United States and Iran are nearing an agreement, Pakistani Defense Minister Khawaja Muhammad Asif told Bloomberg News in Islamabad on Tuesday.

“Things are shaping up again in favor of a peace arrangement or a deal,” Asif said. “The signals in the last two or three days are that we are close to some sort of an arrangement.”

Asif added that he believed that a long-term peace agreement would benefit the Middle East, according to Bloomberg.

This is a developing story.

This post was originally published on here. 

Cameras mounted on Royal Navy surveillance drones were quietly checking in with a server in China, and nobody involved in buying, building or fitting them knew it until a routine security scan caught the traffic.

The vessels are Kraken K3 Scout uncrewed surface craft — roughly 28-foot unmanned speedboats built by British defense firm Kraken Technology Group and used by Royal Navy special forces, including the Special Boat Service, for surveillance along contested coastlines. The Navy bought 20 of them for a project called Operation Beehive, and they have been in special forces hands since March. They are expected to be deployed to the Strait of Hormuz as part of Britain’s effort to help protect the waterway.

Here is what the cameras were actually doing. They were sending what security staff call “heartbeat communications” — a short, repeating signal whose only job is to confirm to a remote server that the device is switched on and working. That is standard behavior for connected equipment. The problem is not the content of the message. It is that the message had a destination, and the destination was an IP address inside China that nobody had authorized, documented or expected.

Where the part came from

This is the detail that should worry every procurement officer. The electro-optical and infrared cameras were manufactured by Canadian company Current Scientific Corporation under its Night Navigator 3000 line, but contained components sourced from outside the U.K. that were found sending the heartbeat traffic. Kraken had sourced the cameras from a third party that gave assurances about their security.

So the chain ran: British prime contractor, Canadian camera maker, third-party supplier, Chinese-made part. Two allied-country labels on the box, and the exposure was still there. Nobody in that chain was hiding anything. They simply did not know what was four tiers down.

The Ministry of Defence stripped all internet connectivity from the cameras after the discovery, and a spokesperson said an investigation found “no evidence” of MoD data or systems being accessed or transmitted externally, adding that the issue surfaced in a routine cyber vulnerability assessment. The opposition Conservatives called on the government to urgently audit its equipment for other unknown Chinese components.

The rule already changed in the U.S.

American businesses do not have to wait for their own version of this story, because the regulatory shift it implies has already happened in the energy sector.

In 2025, U.S. experts reported finding rogue communication devices, undocumented in any product paperwork, inside some Chinese-made solar inverters. In January, the Department of Energy inspected roughly 30 units and found no evidence of malicious or intentional differences in communications — while warning that inverter supply chains are complex enough to create openings for breaches and malicious components anyway.

Then regulators moved regardless. The FCC added foreign-produced power inverters to its Covered List, immediately banning equipment authorizations for unapproved foreign models — an action that effectively overrode the January DOE finding. The reasoning was that physical bugs are beside the point: wireless connectivity in modern smart inverters means firmware can be pushed remotely, so foreign-assembled units are treated as an unacceptable grid risk on their own.

That is the standard American buyers now have to plan around. The question is no longer “did investigators find something malicious in this device.” It is “does a path exist, and who is at the other end of it.” A clean forensic report does not clear the equipment.

The structural reason is legal, not technical: Chinese companies are required to cooperate with their government’s intelligence agencies, which is why security specialists treat Chinese-made connected equipment on foreign networks as a control question rather than a product-quality one.

What it costs on the ground

The practical burden lands on anyone buying connected hardware — cameras, sensors, controllers, inverters, batteries, cargo handling equipment, vehicles. It means demanding component-level bills of materials rather than country-of-assembly certificates, testing what devices talk to before they go live, and budgeting for requalifying suppliers when the answer is wrong.

The Ministry of Defence has been living with the awkward version of this for a while. It leased hundreds of electric vehicles, including MG models built by China’s state-owned Shanghai Automotive Industry Corporation, and put stickers on the dashboards instructing personnel not to connect MoD devices to the vehicle and to avoid sensitive conversations inside — with parking restrictions around some defense sites for vehicles containing Chinese components.

A warning sticker is what you are left with when the component is already inside the fence. The cheaper move, and the one boards are now being pushed toward, is finding out what is in the box before it ships.

JBizNews Desk | London

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Two years ago, scientists made history with a gene therapy that restored hearing for a small group of children who had been born deaf, allowing some of them to hear for the first time. Indistinct murmurs turned into audible whispers. The robust gains and lack of safety concerns led the Food and Drug Administration to approve Regeneron’s Otarmeni therapy in April for the small group of people with this rare genetic mutation.

“[Otoferlin-related mutations] are more of a Goldilocks. The ear stays completely intact in animal models, even into geriatric models,” said Joe Burns, former senior vice president of research at Decibel Therapeutics, which was acquired by Regeneron in 2023.

Scientists are now eyeing other hearing-loss targets, including the holy grail — the GJB2 gene. Startups in the United States, France, and China are racing to concoct a solution, with Skylark Bio emerging from stealth on Tuesday to announce that they have dosed their first patient with a therapy aimed at restoring hearing in a child with a GJB2 mutation. 

Continue to STAT+ to read the full story…

This post was originally published 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.

Happy Tuesday, health tech readers! Mario is out on a very well-deserved break, so you’ll get dispatches from the rest of STAT’s health tech team this week. 

Today, a word from nurses on how AI really impacts their work. And finally, more details on the RAPID pathway that aims to help medical devices escape the valley of death.

Continue to STAT+ to read the full story…

This post was originally published here. 

A U.S. military helicopter fired into the rudder of a Panama-flagged container ship in the Gulf of Oman early Tuesday, deliberately wrecking the vessel’s steering rather than sinking it, after the crew ignored warnings from the American forces enforcing the naval blockade of Iran’s ports. The ship afterward appeared to be trying to move its crew onto another civilian vessel, and there were no immediate reports of casualties.

The vessel is believed to be the Vela Nova. The United Kingdom Maritime Trade Operations reported an incident involving a container ship and military forces in the Gulf of Oman, having first logged the vessel as a tanker; maritime risk group Vanguard and a security source separately assessed that the Vela Nova was struck by a missile roughly 71 nautical miles off Pakistan’s coast.

The targeting choice is the whole point of the operation. American forces have been aiming at rudders, engine rooms and smokestacks — the parts that make a ship move — so the vessel stops where it is instead of burning or going down with its cargo and crew. It is enforcement by immobilization, and it has become the standing method along this stretch of water.

How the blockade works now

Washington first imposed the blockade on Iranian ports on April 13. It came off in late spring, then went back on in mid-July after talks between the two sides collapsed. Since U.S. forces reimposed the blockade on July 13, they have redirected 55 commercial vessels, disabled two and boarded two to enforce compliance, according to figures Central Command released Sunday. Those numbers predate Tuesday’s incident.

The pattern is consistent: ships heading for Iranian terminals are hailed, warned repeatedly, and told to turn around. Most comply and are redirected. The ones that keep going get shot in the machinery.

The price at the pump end of the chain

For business readers, the number that matters is crude. Oil jumped about 5% Monday as confidence faded that Washington and Tehran would reach a deal to restore traffic through the Strait of Hormuz, with West Texas Intermediate settling at $82.13 a barrel and Brent at $87.72. By early Tuesday, Brent was trading near $92.54, roughly $5 above the prior morning and about $25 higher than a year ago.

The gap between the two benchmarks is the tell. Analysts described Monday’s move as pure Hormuz risk pricing rather than a fresh demand story, and flagged the widening Brent-WTI spread as the clearest evidence that this is Middle East supply risk, not global consumption, driving the tape. WTI, priced at Cushing, Oklahoma, barely moved Tuesday. Brent, which prices the barrels that actually have to sail past the shooting, did the moving.

Shipping costs are carrying the same premium. War-risk insurance for vessels in the region has climbed to between 7.5% and 10% of hull value — a charge that lands on every cargo, not just oil, and gets passed down the line to the buyer.

There is a strategic reserve angle as well. U.S. Strategic Petroleum Reserve stocks have dropped below 300 million barrels, the lowest since January 1983, as the conflict has dragged on. The cushion Washington would normally use to blunt a price spike is thinner than it has been in four decades.

Diplomacy running alongside the shooting

Tuesday’s strike landed in the middle of an active negotiating track. Pakistan’s defense minister told Bloomberg the two sides are close to “some sort of an arrangement,” pointing to signals from the past few days, while Qatar said Oman-Iran negotiations have reached an advanced stage with positive feedback from both parties. Iran’s foreign ministry spokesman countered that the United States has not come to the table seeking genuine talks or peace.

Tehran’s asking price has not moved. Iran wants the blockade ended, sanctions lifted and compensation for war damages before it agrees to fully reopen Hormuz, and has declined direct talks with Washington for now. President Trump told Axios the U.S. is “only semi-negotiating,” and indicated he would lean on the blockade to squeeze Iran’s economy rather than order another round of airstrikes.

That is the trade every shipper, refiner and insurer is now pricing: an economic siege that Washington intends to keep tightening, a Tehran that will not reopen the waterway until the siege lifts, and a shipping lane where the cost of guessing wrong is a missile in the engine room. Until one of those three changes, the risk premium stays in the barrel — and in the freight rate.

JBizNews Desk | New York

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SERHANT. is launching in Colorado with an 11-agent founding cohort that has closed more than $1 billion in sales over the past 12 months, the firm announced on Tuesday.

The opening in the Denver area — branded as SERHANT. Colorado — is the firm’s largest single-market entry to date by recent sales volume and follows 2026 expansions in Texas and California.

“Denver is one of the most exciting markets in the country right now, and the agents joining us are already some of its best,” founder and CEO Ryan Serhant, founder and CEO, said in a statement. “What we give them is a different kind of leverage: AI tools through S.MPLE that take over the work that used to eat their day, and a media engine that puts their listings in front of millions.”

Leadership and market positioning

SERHANT. Colorado will be led by managing director Rebecca Ferguson, who is based in Denver. Ferguson has more than 12 years of real estate experience and a track record of building high-producing offices.

She most recently served as managing broker for Kentwood Real Estate’s Cherry Creek office. Her earlier roles included sales coach with Coldwell Banker Global Luxury and managing broker with Realty Executives.

Ferguson, a member of the Denver Metro Association of Realtors (DMAR), said her approach is “agent-first” and grounded in coaching, mentorship and collaboration.

“Denver’s luxury market has incredible momentum right now, and the timing couldn’t be better to bring fresh energy to it,” Ferguson said in the announcement. “What excites me most is bringing together Denver’s top producers under one roof. There’s nothing more rewarding than leading agents who are already at the top of their game and helping them reach even further.”

Founding agents

The founding class for SERHANT. Colorado includes several high-volume Denver-area agents and teams with deep luxury, new construction, relocation and investment experience.

‘According to the company announcement, the group has collectively closed hundreds of millions of dollars in sales and holds multiple production rankings across RealTrends Verified, DMAR and brokerage leaderboards. 

The founding class includes Jason Cummings and the Cummings & Black Group; David DiPetro; Mile High Property Brothers with Will Grimes and Eli Schmidt; The Source Group with Jon Mottern and Katie McCaslin; The Clare Day Collective with Clare and Tom Day, The Cornerstone Group with Brett Reasoner; and formerly independent brokerage the Valor Group with Dwayne Montoya and Levi Rose.

These agents and teams are coming to SERHANT. from brokerages like Compass, LPT Realty and The Real Brokerage.

“After speaking with Ryan, I realized he wasn’t just building another brokerage. He’s redefining the future of real estate through world-class marketing, media, technology, and an unwavering commitment to the consumer,” Cummings said. “We’re here to do this right for Denver.”

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

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The growing share of U.S. home sales occurring near large data centers is being driven primarily by where the facilities are being built, rather than by changing homebuyer behavior, according to a new Realtor.com analysis.

The share of home sales within five miles of a data center with at least 50 megawatts of capacity has more than doubled since 2018 — rising from 0.67% to about 1.5% in 2026.

Meanwhile, the number of large data centers nationwide has increased more than sevenfold, from 49 to 347.

Based on facilities in the construction pipeline through 2027, Realtor.com projects that about 2.3% of U.S. home sales could occur within five miles of a large data center.

“The data center buildout has moved fast, and it is raising policy, community, and housing-market questions as it spreads and accelerates,” said Danielle Hale, chief economist at Realtor.com. “Our analysis so far offers some reassurance: in the communities we studied, a new data center opening nearby wasn’t associated with meaningfully higher or lower home values than similar neighborhoods that didn’t get one.

“But the facilities coming online next are bigger, more remote and landing in communities with less experience managing an industrial neighbor, so that track record may not hold as a guide to what comes next.”

HousingWire is also examining data centers’ impact on all aspects of the housing ecosystem — speaking with local Realtors and homebuilders about what they’re seeing on the ground.

Data centers move farther from cities

The industry’s geographic footprint is changing.

In 2015, just 12 U.S. ZIP codes contained a large data center. By June 2026, that number had grown to 108 and is projected to reach 125 by year-end, the Realtor.com report said.

New facilities are increasingly being built in lower-density areas farther from major cities. The median large data center opening in 2026 is surrounded by roughly 70% fewer residential housing units per square mile than facilities opened in 2017.

Facilities in the 2027 pipeline are expected to be about 34 miles from the nearest major city center, compared with 27 miles for 2026 openings.

Host communities are also becoming less affluent. Facilities activated in 2026 were located in ZIP codes with incomes 2.1% below the national median — while communities in the 2027 pipeline are expected to have incomes 5.7% below the national median.

Home values largely unchanged

Realtor.com compared 43 ZIP codes that gained a large data center between 2019 and 2025 with similar communities matched for pre-opening home prices and population density.

In the two years after activation, home values in data center ZIP codes generally tracked their matched communities — with no statistically meaningful gains or losses. Listing prices showed a modest initial increase around openings before fading within two years.

Housing inventory showed a larger difference.

Three years after a data center opened, communities retained 66% of their pre-opening active listings, compared with 43% in matched ZIP codes without a data center.

Infrastructure concerns grow

Large data centers are also becoming substantially more power-intensive.

The average facility opening in 2018 required about 24 megawatts of power — compared with approximately 60 megawatts in 2026. The growing demand for electricity and water is raising concerns, particularly in Sun Belt markets already facing resource constraints, Realtor.com added.

While data centers studied so far have not had a meaningful impact on nearby home values, Realtor.com cautions that newer facilities are larger, more remote and increasingly located in lower-income communities.

Those differences could make the housing-market and infrastructure effects of the next phase of the data center boom harder to predict.

This article was written by Jonathan Delozier and generated with the assistance of HousingWire Automation. It was reviewed by a HousingWire editor before publication.

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Intel has increased its planned stock offering from $15 billion to $20 billion, a move that says as much about the economics of artificial intelligence as it does about Intel itself.

The chipmaker announced Monday that it planned to raise $15 billion by selling new shares. By Tuesday morning, after strong investor demand, Intel expanded the deal to $20 billion.

That raises a simple question: Why does a company as large as Intel suddenly need that much new money?

The answer is that the AI boom is extraordinarily expensive.

Most consumers experience artificial intelligence as software — a chatbot, search tool or feature inside a phone or computer. But underneath that software sits an enormous physical infrastructure: semiconductor factories, advanced packaging plants, data centers, power equipment, cooling systems and thousands of high-end servers.

Intel wants to supply more of that infrastructure.

The company is spending heavily to expand chip manufacturing and its foundry business, where Intel makes semiconductors for outside customers rather than only designing chips for itself.

That strategy puts Intel more directly against Taiwan Semiconductor Manufacturing Co., the world’s dominant contract chipmaker.

Building those factories requires enormous amounts of money years before they generate meaningful revenue. A modern semiconductor fabrication plant can cost tens of billions of dollars, and companies must continue spending even while technology changes and newer generations of chips are being developed.

That is where the stock offering comes in.

Instead of borrowing another $20 billion and adding more debt to its balance sheet, Intel is selling new ownership in the company.

Investors are buying approximately 210 million newly issued Intel shares at $95 apiece. Intel expects to receive close to $20 billion after underwriting costs, and the banks managing the sale have an option to buy additional shares.

For existing shareholders, there is a downside.

When a company creates and sells new shares, every existing shareholder owns a slightly smaller percentage of the company. That is known as dilution.

Think of Intel as a pizza. The company did not shrink the pizza, but it added more slices. Someone who previously owned one slice out of 10 now effectively owns one slice out of a larger total.

Companies generally accept that dilution when management believes the money raised can create more value than the dilution destroys.

Intel is effectively telling investors that access to capital now is more valuable than preserving the existing share count.

The fact that the offering grew from $15 billion to $20 billion is also important.

Companies typically announce a proposed offering and investment banks then gauge demand from institutional investors. When demand is strong enough, the company can increase the size of the sale.

So the upsizing suggests large investors were willing to provide Intel with substantially more capital than it initially sought.

That does not mean Wall Street suddenly believes Intel’s turnaround is guaranteed.

It means investors see enough potential in Intel’s position within the AI infrastructure race to commit billions of dollars to it.

There is another reason the timing makes sense.

Intel’s stock has recovered substantially, allowing the company to raise considerably more cash for every share it sells than it could have when its share price was much lower.

Raising equity when a stock is strong is generally less dilutive than waiting until the company is under financial pressure.

Intel also has another advantage: demand for AI computing is forcing technology companies to search for additional semiconductor capacity.

For years, much of the industry concentrated production at TSMC. The AI boom has exposed the risk of relying too heavily on a limited number of advanced manufacturing facilities.

If Intel can successfully build a competitive foundry business, companies looking for additional U.S.-based semiconductor manufacturing could become customers.

That is the bet behind the spending.

Intel is asking shareholders to accept dilution today in exchange for the possibility that billions of dollars in new factories and technology will create a much larger business tomorrow.

And Intel is not alone.

Across the technology industry, companies are raising debt, selling shares, forming infrastructure partnerships and bringing private-equity firms into projects because the physical cost of AI is becoming too large for even giant corporations to comfortably finance on their own.

The first phase of the AI boom was about chips.

The second was about data centers.

The next phase may increasingly be about who can finance all of it.

Intel’s decision to raise its offering from $15 billion to $20 billion is one of the clearest examples yet.

JBizNews Desk | Santa Clara, California

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Meta gave away an artificial intelligence model on Monday that is powerful enough to carry out multi-step work on its own and small enough to run on a single graphics card inside an ordinary computer, with no internet connection and no monthly bill to anyone.

The model is called Muse Glimmer, and it comes from Meta Superintelligence Labs, the research group the company built around chief AI officer Alexandr Wang. It has 30 billion parameters — the internal settings that determine what a model knows — and it is built to handle several jobs at once that until now were split across different systems: reasoning through a task in steps, calling outside tools, reading images as well as text, and recovering when something fails partway through.

The part that matters commercially is the price and the license. Meta released the weights — the actual trained model file — under Apache 2.0, a standard open license with no usage restrictions attached. Anyone can download it, run it, change it, and build a paid product on top of it. That is a sharper break than it first appears: Meta’s older Llama models carried the company’s own custom license, which drew years of criticism for conditions such as a cutoff that kicked in once a company passed 700 million monthly users. Glimmer ships with fewer strings than Llama ever did, and it is Meta’s first fully open release since the company moved to the proprietary Muse Spark line in April.

How they made it fit

A 30-billion-parameter model normally needs more than 55 gigabytes of memory to run, which is more than any consumer graphics card offers. Meta compressed the model’s weights down to roughly 4-bit precision, shrinking it to under 20 gigabytes — small enough to leave room for the working memory, the image-reading component, and the speed-up machinery to all operate inside a 24- or 32-gigabyte budget. The practical translation: it runs on a single 24-gigabyte graphics card or a high-end Mac, with no network call at any point.

Speed was the second problem. Language models normally produce text one piece at a time, which drags badly during long chains of reasoning or repeated tool calls, and an agent that takes minutes to decide its next move is not usable for real work. Meta added a technique that lets the model draft ahead in blocks rather than word by word, fast enough to sit inside a live agent loop.

The model was pre-trained on the outputs of Muse Spark, Meta’s larger proprietary system — a method known as distillation, where a big model teaches a small one. Meta then ran two additional training passes, the first to strengthen performance on long prompts and extended reasoning, the second to sharpen its behavior as an agent. Engineers also trained it to retry work it fails on the first attempt rather than simply stopping.

Who it changes things for

A solo developer or an early-stage startup can now run a capable agent on one graphics card with no per-token bill. Mid-sized companies get inference on their own equipment. Regulated businesses — the ones that cannot legally send client data to an outside server — get an agent that can be air-gapped entirely. The model handles more than 100 languages and works with existing agent frameworks. Meta released the weights on Hugging Face along with developer documentation, with tighter integrations for common local-inference tools arriving in the coming days. Ollama, one of the most widely used tools for running models locally, shipped support the same morning.

Meta is framing the release as a competitive argument as much as a technical one, positioning open weights as necessary for American competitiveness against proprietary rivals. Chief executive Mark Zuckerberg pressed that case publicly on Monday, criticizing closed-model developers and defending distillation as a legitimate path to progress. He also said Meta’s board is adopting a governance structure that will set safety criteria the company will apply to each of its future models.

The competitive picture is narrow. Very few American labs have released open-weight models of this class — OpenAI’s gpt-oss pair from August 2025, Google’s Gemma family under a more restrictive custom license, and Thinking Machines’ Inkling. The closest comparison is gpt-oss, which is also Apache 2.0, but those models are text-only. Glimmer takes different ground: it reads images natively, was trained end-to-end around the agent loop, and ships with its own compressed versions tuned specifically for 24-gigabyte consumer machines.

For businesses weighing what AI actually costs them, that is the headline. The recurring expense in most corporate AI deployments is not the software — it is the metered bill for every request sent to someone else’s data center. A capable model that runs on hardware a company already owns takes that meter out of the equation.

JBizNews Desk | Menlo Park

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A U.S. military helicopter fired at a Panama-flagged ship after its crew ignored warnings from personnel working to enforce the naval blockade of Iran’s ports.

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Damascus’s reported willingness to allow the International Atomic Energy Agency (IAEA) to remove nuclear material from the Assad-era “Site 99” underscores why Israel’s security arrangements must extend beyond the military sphere to the diplomatic arena, Dr. Gil Murciano told The Jerusalem Post on Tuesday.

Murciano, the CEO of Mitvim and an expert on Israeli foreign and security policy, spoke with the Post after Axios reported that the Trump administration had orchestrated a diplomatic agreement to see nuclear material removed without Israeli attacks on the site.

The material, said to be leftover parts of the Al-Kibar nuclear reactor project, has reportedly not yet been removed. Though not capable of producing nuclear weapons, Axios reported that it could have been used to make a “dirty bomb,” a radiological dispersal device (RDD) that combines conventional explosives with radioactive material.

A US official told Axios that Israel had threatened to bomb Site 99 if the material was not removed or if there was any indication that Damascus was trying to access the material, though sources claimed that few in Syria were even aware of its presence in the country.

Murciano said this was an example of why Israel should take a more active role in diplomacy, rather than relying exclusively on its military might and closest ally, Washington.

View of the Israeli border area with Syria, as seen from the northern Golan Heights, April 11, 2026. (credit: MICHAEL GILADI/FLASH90)

With Syria and Israel sharing many key security concerns, such as wanting to prevent the infiltration of Iran-aligned groups like Hezbollah, there is significant ground to hold discussions even if Syrian President Ahmed al-Sharaa’s background makes him a difficult figure to trust.

Jerusalem has remained cautious since the hostile but predictable Assad regime fell in 2024. Sharaa’s history as a wanted jihadist and former leader of Hay’at Tahrir al-Sham did little to ease Israeli concerns when he rose to power, while sectarian attacks against Syria’s Druze, Alawite and Christian communities only fueled those fears.

“In Israel, we tend to look at Sharaa in an either-or, all-or-nothing way: either as the next great hope or as a jihadist in a suit, a kind of dichotomous perception of him as either a villain or a hero. I think that is a mistake,” Murciano explained, adding that it was becoming more essential for Israel to cooperate with regional actors and “shape” the new roles and relationships within the region as an active member.

Several int’l partners interested in ensuring nonproliferation in Syria

Far from suggesting Jerusalem should simply trust Damascus, Murciano said diplomacy could be based on shared goals and an understanding of what the other party is interested in, which in the case of Sharaa is legitimacy. With that in mind, he said it was not surprising that Damascus would be willing to hand over the materials, although Jerusalem reportedly feared that Ankara was encouraging Damascus to retain the remnants.

Beyond Damascus, there are a number of potential international partners who would be interested in ensuring nonproliferation in Syria, especially given the scale of chemical weapons manufactured and utilized by the Assad regime.  

“The issue of non-proliferation is a very interesting topic that could be one of the topics that would enable Israel to join forces with other like-minded partners, even in some cases sides that are not in the greatest relationship right now with Israel,” he continued.

Still in the crucial transitional phase, he said, now is the time for Israel to shape the relationships and norms that will help solidify the future security of its northern border. That relationship could either remain a hostile calm reliant on foreign actors to contain tensions, or develop into an active dialogue through which Jerusalem can translate military achievements into long-term strategic gains, something critics have argued Israel has failed to do throughout the multiple wars of the past three years.

“If any withdrawal from Syrian territory is seen as completely off the table for political reasons by this government, then you are going to be in the passive role again. Instead of taking the initiative, you are going to respond to the lesser evil, and you are going to be the one responding to a reality that is being imposed upon you,” he warned. “That is exactly what happened to us in Lebanon, and that is exactly what is happening to us in Syria. Political considerations are preventing us from taking an initiative that is crucial to preserving Israel’s national security. Right now, all we can offer is the military aspect. We have completely failed to offer any form of political initiative, and national security cannot be served by these issues alone.”

Operation Bashan Arrow

Operation Bashan Arrow was a major achievement for the IDF, enabling it to destroy around 80% of Syria’s Assad-era strategic military capabilities. However, Murciano said that at some point, a political next step would be necessary. He argued that Israel’s continued military presence in Syria, intended to create a buffer zone, was instead fueling actions against Israel and causing long-term damage to relations with a neighboring state that is not going anywhere.

Reports of clashes between US President Donald Trump and Prime Minister Benjamin Netanyahu have periodically highlighted Washington’s frustration with what it sees as Jerusalem’s lack of flexibility and an excessive reliance on military solutions to security threats.

In June, Axios reported that Trump had confronted Netanyahu over strikes in Lebanon which had threatened the US’s talks with Iran.  “Everybody hates Israel because of this,” Trump reportedly told Netanyahu at the time.

Murciano said that Netanyahu’s government had “lost control” over decision-making on Iran, Syria and Lebanon as a result of its “hawkish approach” and “its inability to offer anything on the political level, rejecting every initiative.”

“I’m not saying that we should accept every initiative brought to us on Syria, but we need to address them. We need to provide our reservations and offer our own initiatives, because this is already happening with us or without us,” he concluded. “The ship has already sailed.”

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Israeli international soccer player Manor Solomon has signed with London-based club West Ham United for a reported £5 million (NIS 20,287,150) fee, the English Championship club announced on Monday evening.

Solomon, 27, has now joined his fourth English club following his permanent departure from Premier League outfit Tottenham Hotspur, also known as Spurs, where he failed to break into the first team despite the club’s recent struggles.

“I’m really happy to be here, happy to be a Hammer, and I can’t wait to get started,” Solomon was quoted by West Ham as saying. “I’ll try to give my all in the first season and then in the seasons ahead. I want to be here for a long time and I want to make the fans really happy.”

Solomon is primarily a left winger known for his pace, dribbling ability, and attacking movement. By joining West Ham, Solomon follows in the footsteps of former Israeli soccer stars Eyal Berkovic and Yossi Benayoun, who both enjoyed successful spells in London in the late 1990s and early 2000s, respectively. 

Other former Israeli players who played for West Ham include defender Tal Ben-Haim and attacker Yaniv Katan.

Solomon extends his wide-ranging soccer career across Europe

Solomon has played 49 times for Israel’s national team so far in his career, scoring eight senior goals in the process. After breaking through at Maccabi Petah Tikva, he began his European career at Ukrainian side Shakhtar Donetsk, where he won three Ukrainian league championships before signing a five-year deal with Spurs in July 2023.

During his time with Spurs, Solomon joined several teams across Europe on loan, including Spanish side Villarreal and Italian side Fiorentina. He also spent time on loan at English sides Fulham and Leeds United, the latter of which was where he won the Championship – the same league in which he will now compete with West Ham.

He spent the second half of the previous season in Florence, where he scored two goals in 16 league appearances. That season, West Ham were relegated from England’s top flight and will now look to return to the Premier League with Solomon.

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Public support is growing for tougher rules on how children access social media, adding new pressure on Meta, Alphabet, Snap and other platforms already facing lawsuits and state-level restrictions over teen safety.

A Reuters/Ipsos poll released Sunday found that 61% of Americans support stronger government oversight of social-media companies, while 66% favor age-verification requirements designed to keep children under 16 off major platforms.

The numbers matter because age verification is moving from a political talking point into a potential operating requirement for some of the largest advertising businesses in the world.

If platforms are forced to verify a user’s age before granting access, companies would need new identity systems, privacy safeguards and parental-consent procedures. Those changes could raise compliance costs while reducing the number of younger users available to advertisers.

The issue is already moving through courts and state legislatures. Meta faces a major trial this week involving claims from multiple states that Facebook and Instagram were designed in ways that harmed young users while keeping them engaged for longer periods.

For technology companies, the financial risk extends beyond fines. Restrictions on minors could reduce daily usage, advertising impressions and future user growth, particularly for platforms that depend on younger audiences to establish long-term habits.

There is also a privacy tradeoff. Stronger age verification may protect children, but determining a user’s age often requires collecting additional personal information, including government identification, biometric estimates or third-party verification.

That creates a difficult policy balance: lawmakers want platforms to know whether a user is a child without forcing companies to collect more sensitive information than necessary.

For advertisers and businesses that depend on social-media marketing, the larger issue is whether the rules remain fragmented by state or eventually become national. A patchwork of different age limits and verification standards would increase compliance costs and make targeted advertising more complicated.

Public opinion is now giving lawmakers more room to act. If support for age verification continues to hold across party lines, the question for social-media companies may shift from whether stricter rules are coming to how quickly they can adapt without damaging growth.

JBizNews Desk | Washington

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In an emotional homecoming, former hostage Sagui Dekel-Chen performed a special concert on Monday night on the central lawn of Kibbutz Nir Oz, the community from which he was abducted during the October 7 attacks.

The Israel Festival event, titled “From Captivity to the Lawn: Stories and Songs,” drew 3,000 attendees, including bereaved families and other former captives. The concert marked the first public debut of nine songs Dekel-Chen authored, composed, and mentally cataloged throughout his 498 days of captivity in the Gaza Strip.

Flanked by a live band and joined by prominent Israeli artists – including Idan Raichel, Marina Maximilian, and the band Hatikva 6 – Dekel-Chen detailed the psychological role music played during his confinement.

“In captivity, the music I knew kept playing in my head,” Dekel-Chen told the audience. “Initially, it served as a sedative. Later, it became a weapon to maintain sanity.”

Dekel-Chen described nightly routines where he held imaginary conversations and storytelling sessions with his daughters. Morning routines involved pacing the corner of his cell while visualizing dancing with his wife to tracks by Israeli singer Rita.

  Sagui Dekel Chen sends message to the remaining hostages, February 15, 2025. (credit: IDF SPOKESPERSON'S UNIT)

Former hostage’s music juxtaposes trauma with hope

The debut material captures a stark juxtaposition between trauma and domestic hope.

In “Song of Songs,” Dekel-Chen sings, “We used to sing at the top of our lungs, now I sing in silence.” Another piece, “Don’t Know Your Name Yet,” is dedicated to his youngest daughter, who was born while he was in Gaza.

In “The Song for Me,” Dekel-Chen articulates his psychological struggles post-release, noting that while he fears nightmares and lingering trauma, his primary fear was “returning to an empty house.”

During the performance, Dekel-Chen recounted the events of October 7, detailing his engagement with the kibbutz civilian response team, his wound, and his abduction. He admitted that because he witnessed explosions and gunfire at his residence during his capture, he spent nearly his entire captivity believing his family had been killed.

To survive, Dekel-Chen said he deliberately maintained a falsehood in his own mind that his children were alive. When informed by captors on February 12, 2025, that he was scheduled for release within three days, he ceased the self-deception and began mathematically planning funerals for his daughters, assuming the worst. Upon his release, he discovered his family had survived.

Musical event not escapism, but trauma-processing, director says

Kibbutz Nir Oz suffered severe casualties and abductions during the October 7 attack. The concert’s artistic director, Itay Mautner, rejected the notion that the musical event was a form of escapism, framing it instead as an essential, public processing of ongoing regional trauma.

Speaking after the event, Prof. Jonathan Dekel-Chen, Sagui’s father and a professional historian, characterized the concert as dual-purpose.

“On one hand, it is a prayer of gratitude that Sagui returned on his own two feet,” he said. “On the other, it is a prayer for everything that was lost here in Nir Oz. The grief, the loss, and the difficulty of the abandonment remain with us forever.”

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The IDF and Border Police officers destroyed the home of the terrorist who killed Maj. Yuval Ezra, 27, and Capt. (res.) Benayahu Mellet, 32, in an overnight operation in the village of Tell in the West Bank, the military announced on Tuesday afternoon.

Soldiers from the IDF’s Samaria Brigade, Yahalom Combat Engineers, and officers from the Border Police’s Judea and Samaria Brigade took part in the operation.

Ezra and Mellet were killed during the July 24 West Bank attack near Gilad Farm, a settlement located southwest of Nablus.

Mellet was a member of Gilad Farm’s local emergency response squad and served in the reserves in regional defense. Ezra was an Artillery Corps battery commander who had returned to reinforce the sector after the military raised its level of readiness.

Command failures led to Yuval Ezra, Benayahu Mellet’s deaths in West Bank attacks

Last week, the IDF published the findings of its investigation into the military’s response to the attack and found significant operational and command failures.

IDF destroys home of terrorist who killed Maj. Yuval Ezra, 27, and Capt. (res.) Benayahu Mellet, 32, in the July 24 West Bank attack. (credit: IDF SPOKESPERSON UNIT)

The investigation found that the soldiers and local security personnel who entered the confrontation acted courageously and prevented further casualties but reached a rapidly expanding violent incident with insufficient forces, an incomplete understanding of what was happening, and serious failures in command and medical evacuation.

Four Palestinians from the Ramadan family were also killed during the confrontation near the village of Tell, southwest of Nablus.

The IDF said Palestinian attackers were killed in the exchange, but the findings released last week did not detail the individual role of each of the four or explain the circumstances in which each was shot.

The probe, published nearly two weeks after the incident, was presented to IDF Chief of Staff Lt.-Gen. Eyal Zamir by Central Command chief Maj.-Gen. Avi Bluth and Judea and Samaria Division commander Brig.-Gen. Kobi Heller.

Sarah Ben-Nun and James Genn contributed to this report.

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Two settlers damaged a Palestinian family’s property, disconnected their electricity system, and emptied their water tank after trespassing on their residential compound on Tuesday.

This comes after an order barring Israeli “protective presence activists,” who work to protect Palestinian residents within the West Bank, from around the town of Taiba, near Ramallah. 

Activists called the police on behalf of the mother of the family. 

Settlers destroy property belonging to a Palestinian family in Taiba, August 11, 2026. (credit: TORAT TZEDEK ACTIVISTS)

Nationalist crime in West Bank rises

Data released by the Israeli security establishment on Monday revealed a significant 63% increase in nationalist crime in the West Bank during the first half of 2026 compared to the same period in the previous year, Israel’s public broadcaster, KAN News, reported.

In total, some 660 incidents were recorded in the first half of 2026, up from 405 in the second half of 2025 and 440 in the first half of 2025.

The report also indicated that the number of deliberate attacks against security forces rose significantly, with 45 incidents reported in the first half of 2026, compared to 30 in the second half of 2025, marking a 50% increase in violence directed at security personnel.

Shoshana Baker contributed to this report. 

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Rescue efforts across western Colombia carried into a second day on Tuesday as emergency workers dug through collapsed buildings and flattened homes, amid expectations that the death toll from the country’s most powerful earthquake in decades could rise.

The 7.4-magnitude earthquake tore through Colombia‘s coffee-growing heartland early on Monday, killing at least 164 people.

The quake reduced multi-story buildings to rubble in cities such as Pereira and Cali, and cracked apart one of the towers of a historic cathedral in the city of Manizales.

Emergency teams aided by police, soldiers and volunteers worked through the night with excavators and, at times, their bare hands, hunting for survivors beneath debris.

In Cali, home to about 2.2 million people, at least 85 people were killed. Dozens of buildings were left leaning precariously or destroyed outright, forcing residents into the streets.

Emergency personnel dig through debris at the site of a collapsed building as recovery efforts continue at night following an earthquake, in Cali, Colombia August 10, 2026. (credit: REUTERS/MARCO TRUJILLO)

Cali hospital floors collapse, patients trapped inside

Several of the top floors of one of the city’s hospitals – some dedicated to pediatric care – collapsed upon themselves, leaving some patients trapped and forcing some 600 others to be tended to on a street strewn with rubble, hospital director Irne Torres Castro told Caracol television.

Carmen Yasmin Garcia, 43, a Cali resident volunteering with rescue teams, said on Monday afternoon that her group had freed seven people from a collapsed building, but four others and a dog remained trapped.

“A moment ago there was scratching, but now we can’t hear anything; we still have faith that the dog is alive and we can get these people out,” Garcia said. “We need people with sticks and spades; the more people lending a hand, the better.”

In Pereira, capital of the hard-hit state of Risaralda, authorities reported 66 dead.

The city also bore some of the most visible destruction, with entire residential blocks reduced to piles of concrete and twisted steel. Video posted on social media and verified by Reuters showed the city’s airport violently swaying during the quake, with large chunks of the ceiling collapsing as people sheltered.

Another 13 people died in Choco, the rural province closest to the quake’s epicenter.

Colombian president to deploy security force members after looting reports

Colombian President Abelardo De La Espriella, who assumed power just days ago, said 35 people died in Cali alone, while 188 were missing. He said 1,000 members of the security forces would be deployed to the city by dawn, following reports of looting. Cali, as well as Pereira, implemented curfews on Monday night.

“Our intention is to cooperate in any way necessary. Here, there are no distinctions or ideological divisions when it comes to defending our people or showing solidarity,” De La Espriella told journalists on Monday evening.

The disaster has drawn comparisons to a deadly 1999 earthquake that devastated the same coffee-growing region, killing more than 1,000 people, as well as to catastrophic quakes that killed more than 6,300 in neighboring Venezuela in June.

This post was originally published on here. 

President Trump has decided to stop bombing Iran and start starving it of money instead. He said Sunday that Washington will let its naval blockade and sanctions do the work of forcing Tehran to a deal, rather than launching another round of airstrikes. Traders read that as a signal the war is not ending soon — and on Monday oil jumped roughly 5%.

“We are just watching Iran with its huge inflation and the fact they have no money,” Trump said in an interview with Axios, adding that the blockade is deepening Tehran’s financial problems. “We are low keying it.” He also said the United States is “only semi-negotiating” with Iran over the Strait of Hormuz — a step back from his statement last week that the two sides were in talks.

The market reaction was immediate. West Texas Intermediate settled at $82.13 a barrel, up about 5%, and Brent crude finished around 5% higher at $87.72. That erases most of last week’s slide, when both benchmarks fell more than 7% after Treasury Secretary Scott Bessent told CNBC that an agreement to reopen Hormuz to free ship movement could come soon. No agreement has been announced, and both capitals have hardened their positions since.

The strategy Trump is returning to is the one he ran in his first term and revived in February 2025: cut off Iran’s oil sales, lock it out of the international banking system, and wait. What is different now is the blockade. A US naval cordon in place since April has stopped all crude exports from Kharg Island, Iran’s main oil terminal, with no tanker departures recorded for 11 straight days. Central Command said it has turned away 55 commercial vessels, disabled two and boarded two others.

The pressure is landing. Iran’s exchange rate has weakened nearly 50-fold since 2018, food prices are up more than 34-fold, and roughly 16 million people have dropped below the poverty line. The country also shed about 630,000 industrial jobs between the spring of 2025 and the spring of 2026, erasing eight years of employment gains. Inflation ran above 48% last October and above 42% in December.

Whether that pain translates into Iranian concessions is the open question, and so far the answer has been no. Foreign Minister Abbas Araghchi said Tehran is not holding direct talks with Washington and repeated that reopening Hormuz requires the US to lift the blockade and pay compensation for war damage. A senior Iranian security official said the waterway stays closed until those conditions are met, and Tehran also wants sanctions relief. In a further sign Tehran intends to hold out, Mohsen Rezaee — a former Revolutionary Guard commander who has argued for full Iranian control of the strait — was elevated to the country’s top security post.

For American businesses and drivers, the cost of the standoff is measured at the pump and in freight bills. Gasoline nationally is close to $4 a gallon and has risen more than 30% since the war began, which started with US and Israeli strikes on February 28. One estimate puts the additional fuel cost to the average American household at about $527 as of August 4, projected to reach roughly $650 by the end of summer.

The cushion the country has been leaning on is thinning. Crude held in the Strategic Petroleum Reserve has fallen below 300 million barrels, the lowest level since January 1983. Before the war, roughly a fifth of the world’s oil and natural gas moved through Hormuz, and the market has avoided a worse squeeze mainly because Chinese demand has been soft and emergency reserves have been released — buffers that are now close to exhausted.

Regional violence is keeping a floor under prices regardless of what happens in negotiations. A tanker operated by Abu Dhabi National Oil Co. was attacked near the strait over the weekend, and European diesel prices spiked after a strike on a Saudi refinery near the Red Sea. Houthi forces claimed responsibility for the attack on the Jizan facility. One forecast has Brent staying volatile in an $80-to-$90 range unless something breaks the current standoff.

That is the practical meaning of “low keying it” for American companies: fuel, freight and insurance costs stay where they are, and the calendar for relief is set in Tehran, not Washington.

JBizNews Desk | New York

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

Israeli-Arab activist Yoseph Haddad was involved in a physical altercation with California Congressional candidate Dennis Feitosa on Monday after being challenged while filming the podcast “Digital Social Hour.”

In a video later released on social media, Feitosa can be seen grabbing at Haddad’s hand as Haddad gestures while speaking as the two fought verbally.

“You kill children. F*** off you genocidal f***ing freak. You genocidal f***ing freak,” Feitosa can be heard saying as Haddad taunts him, saying “you can’t do s***, my brother.”

Haddad then pulled Feitosa forward by the hand, knocking their heads together before the two were forced apart.

Haddad, Feitosa engage in physical altercation outside

The video then showed the two outside, apparently prepared to fight each other. In one angle, Haddad seemed to have picked several rocks up in his hand to use. An apparent member of Feitosa’s entourage approached Haddad’s wife, asking her repeatedly if Haddad was her husband as she tried to block the camera he was holding.

Arab-Israeli activist Yoseph Haddad on board one of the vessels of the Israeli 'Hasbara' flotilla. May 17, 2026. (credit: SAM HALPERN)

The video then showed Haddad walking away, paper in one hand, phone in the other, while a man attempted to hold Feitosa back.

“Be a man,” called Feitosa.

“I wasn’t planning on fighting you anyway,” Haddad said before Feitosa came up behind him and put him into a headlock. Two others pulled Feitosa off and to the ground before Haddad hit him.

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For Fauda fans from around the world, the suspense is over, or rather, it’s about to begin: Netflix announced Monday it will show the fifth season of the acclaimed Israeli series around the world beginning on September 8.

The fifth season of this series about an Israeli counterterrorism unit aired in Israel on Yes starting in May. But with the September 8 Netflix release, viewers in 190 countries will be able to see the new episodes, which are in Arabic, Hebrew, French, and English, with subtitles in their native languages.

The series, co-created by Avi Issacharoff and Lior Raz and starring Raz, debuted in 2015 in Israel. It was picked up by Netflix and became a worldwide sensation, hitting the coveted Netflix top 10 charts all over, including in Arab countries. In Lebanon, the fourth season hit the number one spot in January 2023.

It also reached the Netflix top 10 in Jordan, Qatar, Morocco, Saudi Arabia, and the United Arab Emirates in early 2023. Reportedly, Fauda is something of a guilty pleasure for Palestinian audiences in the West Bank and even in Gaza, who enjoy seeing the many Palestinian characters.

Fauda’s creators had much of the fifth season written by the fall of 2023, but scrapped these scripts following the Hamas massacre in Israel on October 7, 2023, which led to the outbreak of war. Raz and Issacharof have said in interviews that they needed to incorporate the new reality into the series.

Lior Raz in Fauda season five. (credit: COURTESY OF YES, CREDIT ELIA SPINOPOLOS)

Fauda devotes two episodes to Oct. 7 massacre

In the fifth season, two episodes are devoted to the massacre, and feature violence so graphic that they were shown with warnings in Israel that advised audiences that they could skip the episodes, which came in the middle of the season, if they were afraid that they might be too upsetting.

Yes also took the unusual step of making the episodes available for free online, for those who felt they needed to see them.

Speaking to Deadline, Issacharoff said, “This is a TV show, not reality. But we thought that there is still a story here to be told. We wanted to ask very tough questions to people all over the world, not only in Israel. Is the revenge worth it? Is continuing this very endless cycle of bloodshed worth it? Where is it taking you? I think these are the questions that are at the heart of this season.”

Cast joined by Melanie Laurent

In addition to Raz, the fifth season stars the original cast members, Doron Ben-David and Yaakov Zada-Daniel, who are joined by French star Melanie Laurent, who played the heroine of Quentin Tarantino’s Inglourious Basterds. Much of the early season five episodes are set in Marseille.

Fauda is still available on Yes VOD in Israel. 

This post was originally published on here. 

Two young Israelis visiting Montenegro appear to have been targeted by a group of people for being Jewish during a pre-army vacation, N12 reported on Monday.

The two Israelis, Yoav and Dor, told N12 that they were visiting a casino when a man approached them, made conversation, and then asked where they were from.

After the two said they were from Israel, “our nightmare began,” Yoav recounted.

“The guy wouldn’t leave us, started pestering us, and offered to take us to a ‘much nicer casino.’ At the beginning of the conversation with him, he said he was on a family vacation, but then we saw that he knew all the locals sitting at the tables around him. That’s when we started to get suspicious and realize that something was wrong.”

The two were able to escape the man and exit the casino, only to be confronted by a group of around 15 people.

Early-season tourists walk on the beach in front of the Old Town ahead of the summer tourist season in Budva, Montenegro, April 30, 2026. (credit: STEVO VASILJEVIC/REUTERS)

“It felt like a planned ambush in every regard. They were waiting for us, they noticed us and chased us. A hunt began in the alleys and streets.”

Yoav and Dor split up, with Yoav finding a hiding place in a private garden, where he was able to call his parents.

“I heard them right on top of me, searching house by house, shouting ‘Jews, Jews!'” Yoav said. “After a few minutes, I managed to sneak into the outside kitchen of another house, where I called my parents.”

Dor, meanwhile, had run down the main road, where he was caught and kicked by the pursuing mob.

“Miraculously and with his last strength, he managed to escape them and get away until he reached the hotel,” Yoav described to N12. “I hid outside for two and a half hours.”

Israelis aided by Foreign Ministry after antisemitic attack

After Yoav made contact with his parents, they were able to contact the Foreign Ministry.

“They were amazing and made sure to take care of the children and help them as soon as we found out about the incident,” Yoav’s mother said. 

“The director of the department for Israelis abroad at the Foreign Ministry and the Israeli consulate in Serbia, which is responsible for the Montenegro sector, called the police, who accompanied the children and were in contact with us throughout the entire incident, which took place at night, and also afterward.”

An investigation by Montenegro authorities is ongoing, N12 noted.

This post was originally published on here. 

Late Monday afternoon, a judge dealt a blow to New York City Mayor Zohran Mamdani’s plan to charge a so-called pied-à-terre tax on vacant second homes owned by wealthy non-residents.

Wayne Ozzi, a Staten Island judge, issued an emergency pause on implementing the tax. Ozzi sided with homeowners who sued the city Friday. They did not challenge the tax itself but a rollout they said cast too wide a net, forcing New York City homeowners to prove residency.

In the temporary restraining order, Ozzi ruled the city cannot take further enforcement action on tax notices sent to roughly 17,000 homeowners. The next hearing is set for Aug. 31.

However the tax shakes out, it has already reshaped the city’s ultra-luxury rental market. Mamdani’s administration has sought to expand affordable housing, but the tax plan is boosting supply of high-end rentals commanding five- and six-figure monthly rents.

“The rental market is becoming part of the conversation for owners who might otherwise have been considering a sale,” Michelle Griffith, a broker with Douglas Elliman, told HousingWire TBD. “For some owners, renting can provide a way to generate income from a property while maintaining ownership and giving themselves more time to evaluate their longer-term options.”

Owners started shifting when Mamdani proposed the tax. Griffith said a downtown client switched from selling to renting, listing the unit at $40,000 a month. The owner got the asking rent.

Rental market shifts

Since then, rents have kept rising even as supply rises, with eye-popping listings appearing on local marketplace StreetEasy.

“There are multiple listings asking over $100,000, and they’re renting,” Ian Slater, CEO and co-founder of Trove Partners, told HousingWire TBD. “It used to be a headline to hit $100,000 a month. Now it’s commonplace.”

A Midtown condo has sat on the market for about six days at $170,000 a month; it last rented for $59,000.

To avoid the pied-à-terre tax, owners must rent to someone who makes New York City their primary residence, Slater noted. State law requires a bona fide, arm’s-length lease of at least one year. The tax still applies if a unit sits vacant, gets rented short-term or serves as a tenant’s second home rather than primary residence.

Residential brokers say the pause is not expected to change owners’ calculus on renting versus selling. It may, however, dissuade developers from building more luxury condos.

“The city makes a fortune from these developments between the taxes and operating a full-service building and keeping union people employed in the building,” Stuart Saft, an attorney with Holland & Knight, in an interview with HousingWire TBD. “And now the wealthy are having a second thought about wanting to come to New York.”

For now, Griffith said she is not seeing owners rush to sell or leave New York.

“I’m seeing them become much more strategic about how they use and structure their real estate,” she said. “If an apartment is going to be subject to an additional carrying cost, owners are naturally going to ask whether it makes more sense to leave it vacant, sell it, or put it to work as an income-producing asset. The strength of the Manhattan rental market makes that a particularly compelling option right now.”

This post was originally published on here. 

Investors spent Monday selling the companies that make the fiber, lasers and light-based components wiring together AI data centers — not because any of them reported bad news, but because two of the biggest names report earnings this week and traders decided to take profits before the numbers land.

Coherent fell 12% at midday Monday to $333.83, and Lumentum Holdings dropped 7% to $830.05. Corning fell more than 3%, and the Global X Data Center and Digital Infrastructure ETF, which tracks the broader data center supply chain, lost 1%.

Nothing in the selling came from the companies themselves. Lumentum reports its fiscal fourth-quarter results after Tuesday’s close, and Coherent follows after the close Wednesday. Both stocks had risen more than 100% this year going into Monday. When a stock has doubled and its earnings report is 24 hours away, some holders would rather bank the gain than find out.

The evidence that this was a positioning move rather than a verdict on the industry sits in what did not fall. Applied Optoelectronics, another major supplier in the same corner of the market, slipped only 1% to $133.63 — because it already reported on August 6 and has no earnings event ahead of it. The iShares Semiconductor ETF, a broad measure of the chip sector, dropped just 1%. The wider chip complex held up considerably better than the optics names, which points to a selloff confined to this group rather than a retreat from semiconductors generally.

What these companies actually sell

The optics business is the least understood piece of the AI buildout, and it is worth being plain about what it does. Training and running large AI models requires thousands of chips inside a data center to talk to each other constantly and at enormous speed. Copper wire cannot move that much data over those distances without choking. So the connections are made with light — laser transmitters, receivers and fiber running between racks, servers and storage.

Coherent and Lumentum build those parts. Corning makes the specialty glass and optical fiber underneath them. Every new data center announced by Microsoft, Meta, Amazon, Google or OpenAI translates into orders for this equipment, which is why the group has been among the strongest performers of 2026 and why it is now among the most crowded.

Crowded is the operative word. When a large number of investors own the same names for the same reason, they also tend to head for the exit at the same moment. The options market showed that defensive tilt on Monday: put-to-call ratios of 1.54 for Lumentum and 1.19 for Coherent, meaning traders were buying more contracts that pay off if the stocks fall than contracts that pay off if they rise, with the two reports arriving back to back.

The argument underneath it

This is the second time in roughly two weeks that the same group has been hit. The unresolved question is whether the hyperscale technology companies can keep spending at their current pace, and whether suppliers priced for that spending can keep climbing.

The spending numbers themselves have not weakened. Taiwan Semiconductor reported July revenue of about $14.5 billion on Monday, up roughly 45% from a year earlier, and has already raised its 2026 growth outlook above 40%. Celestica, which assembles AI infrastructure hardware, recently posted revenue growth above 62% and lifted its full-year forecast, with management pointing to faster growth still in 2027.

That is the tension traders are working through. The order books keep filling, while the stocks that depend on those order books keep getting sold on doubts about how long the cycle runs. Alphabet sharpened the question when it reported quarterly capital spending of $44.92 billion, double the year-earlier figure, and swung to negative free cash flow of $5.86 billion. Spending that heavy is good news for suppliers only as long as the companies doing the spending are willing to keep it up.

What to watch

Tuesday and Wednesday evening settle the immediate argument. If Lumentum and Coherent deliver strong results and confident guidance, Monday’s decline will read as a reset before good news. If either signals that orders are flattening, the doubts move from sentiment to fact.

For business readers outside the sector, the practical takeaway is narrower and more useful: the AI infrastructure trade is no longer a single trade. Chipmakers, optics suppliers, power providers and hardware assemblers are now being priced separately, on their own numbers, rather than moving together on the strength of the theme. Monday was a day when the market drew that distinction sharply — and drew it against the group that had run the furthest.

JBizNews Desk | Wall Street

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

The Likud Secretariat is expected to be asked to approve the placement of Foreign Minister Gideon Sa’ar, Defense Minister Israel Katz, and Likud Central Committee Chairman and Minister Haim Katz on the party’s Knesset list on Tuesday, alongside the new reserved slots that Prime Minister Benjamin Netanyahu is expected to add to the list.

“The Likud Secretariat will be asked to approve, alongside the prime minister’s reserved slots, the placement of Foreign Minister Gideon Sa’ar, Defense Minister Israel Katz, and party Central Committee Chairman Minister Haim Katz on the Likud list, in addition to the new candidates the prime minister is expected to reserve,” Likud said in a statement. 

The party said that the defense minister, “who in any case was expected to reach the top of the list, should be given a reserved slot in order to allow him to deal with security needs and not engage in politics at this time.”

Sa’ar, on the other hand, will be placed on the Likud list as part of the unification agreement between his party and Likud, while Haim Katz will be placed on the list due to his position as chairman of the party’s Central Committee, the statement said. 

MK Haim Katz attends a plenum session on a bill to freeze arrests of haredi draft evaders at the assembly hall of the Knesset, the Israeli parliament in Jerusalem, July 14, 2026. (credit: YONATAN SINDEL/FLASH90)

First slot given to Dobronsky

The development comes after Netanyahu’s first reserved candidate for the Likud list was announced on Monday night: Oren Dobronsky, a businessman and panelist on Channel 12’s “Shark Tank” program. 

Netanyahu welcomed Dobronsky to the party, and Likud said that after the elections, he is expected to lead the field of artificial intelligence in the economy and the public sector, including in education, medicine, and the economy.

This post was originally published on here. 

The Israeli Embassy in Vienna has lost contact with two Israelis, the Foreign Ministry announced on Tuesday afternoon. 

Mali and Liel Yahalomi, an Israeli mother and daughter, have been missing since Friday.

The two should immediately reach out to their family, the embassy’s emergency hotline at +436763672304, or the local police, the embassy said in a Facebook post.

Israeli Embassy in Vienna published an infographic asking for assistance in locating two Israelis last seen in Austria, August 2026. (credit: ISRAELI EMBASSY IN VIENNA)

This is a developing story. 

This post was originally published on here. 

MK Dan Illouz announced on Tuesday that he was resigning from the Knesset after leaving Prime Minister Benjamin Netanyahu’s Likud Party for MK Avigdor Liberman’s Yisrael Beytenu.

In a post to X/Twitter announcing the resignation, Ilouz said he resigned after the dissolution of the Knesset to prevent “adding another vote in favor of the draft evasion laws promoted by Netanyahu, [United Torah Judaism Chair Yitzhak] Goldknopf, and [Shas Chair Arye] Deri.”

Illouz has been a vocal critic of the contentious haredi-backed legislation advanced by Netanyahu’s coalition, which critics argued would encourage draft evasion amid the IDF’s severe manpower shortage.

“As long as I served in the Knesset, I acted to block this legislation, which contradicts Likud’s declared values, and to stand by the principles I believe in,” Illouz wrote. “Principles that Likud promised to uphold, but apparently did not promise to carry out.”

“Netanyahu failed and did not take responsibility. He must go home.”

MK Dan Illouz with Yisrael Beytenu chairman MK Avigdor Liberman (credit: YISRAEL BEYTENU)

Illouz will be replaced in the Knesset by the next person on Likud’s list, Shabtai Katash, a haredi (ultra-Orthodox) member of Lod’s Religious Council.

The resignation comes while the Knesset is in recess ahead of elections and does not convene for plenum sessions to pass legislation unless under special circumstances.

Illouz joins Yisrael Beytenu after Likud departure

Last week, Illouz announced he would be joining Yisrael Beytenu and endorsing party chairman MK Avigdor Liberman for prime minister.

He left Likud last month, saying he could not remain a member of a party he could no longer bring himself to vote for.

“Netanyahu has failed in leading the country, and he must take responsibility and go home,” Illouz stated at the time.

Sharply criticizing the Likud, Illouz said the party had become “a subcontractor” for haredi party leaders (Shas) and Goldknopf.

“I call on all Likud voters: Anyone who wants a genuine right-wing party should vote for Yisrael Beytenu,” Illouz said.

Yisrael Beytenu is a core party in the opposition bloc seeking to replace Netanyahu in the upcoming elections. It holds a hardline stance regarding haredi conscription to the IDF.

The party also holds a hawkish security stance and advocates for expanding Israeli settlements in the West Bank. It strongly advocates for a separation of religion and state.

Keshet Neev contributed to this report.

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Zionist Home–The Reservists, founded in July, is one of many vying for citizens’ votes in the elections for the 26th Knesset, which will be held on October 27.

Led by former Blue and White members and ex-ministers Chili Tropper and Yoaz Hendel, the party is the evolution of Hendel’s The Reservists. Despite Tropper being listed first on the list, the two announced that they would lead the party as equal partners.

The party has not identified itself as Left or Right, but has aligned itself with center/Right-leaning policies.

Former culture and sports minister Tropper and former communications minister Hendel may find themselves in the role of potential kingmakers in the upcoming election, as the two have expressed a willingness to sit on either side of the aisle and may hold the seats that can make or break a coalition.

According to recent polling, the party is hovering around the electoral threshold and, if it succeeds in passing, would enter the Knesset with around four seats, the minimum provided to a party.

Tropper and Hendel have stated their aim is to create a “broad Zionist government,” and will not join a coalition with haredi (ultra-Orthodox) or Arab parties.

“Netanyahu is not my red line. My red line is what kind of ideology the government represents, whether it is a Zionist government,” Hendel previously told The Jerusalem Post.

“Let me put it this way: I can say one thing very clearly: a 61-seat government for Netanyahu will not happen, because that means sitting with the ultra-Orthodox parties, not passing a conscription law, and not accepting responsibility for the war.”

IDF SOLDIERS cast their votes in a ballot box of the Golan Brigade 474 for Israel's general election at the Sa'ar military base in central Golan Heights on November 1, 2022.  (credit: MICHAEL GILADI/FLASH90)

Additionally, the two stated they would demand Hendel be made National Security Minister in order to join any coalition, due to his security background and “proven record as a government minister with significant achievements.”

Where Zionist Home–The Reservists stands on the major issues

This is a party that only formally merged and launched its campaign last month, so its platform, billed the Star of David Plan, covers seven declared core areas: education, equal service, cost of living, settlements, checks and balances, governance, and border-community rehabilitation.

The party has not yet detailed public positions on many issues, such as foreign affairs or Iran, but is known to hold a hawkish, right-wing stance.

Before the party’s conception, Hendel made statements in support of relocating roughly 1.5 million Gaza residents into Israeli territory and a separate proposal for a tent city outside the Strip as a means to defeat Hamas, but the party has yet to state its formal position on the terrorist group or Gaza as a whole.

On the topic of a two-state solution, the current party position is in support of Israeli settlements.

“We will not allow a Palestinian state to be established, and we support a free economy,” Hendel told the Post.

“In Judea and Samaria, we must control the high ground and ensure there is settlement… we support settlement and want to ensure that we are present everywhere and strong on the ground,” he added.

The party was founded on Zionist principles and a push for equal service for all, with serious consequences for draft dodgers. The party also pledged to provide benefits for those who serve, as well as enforce sanctions for draft evaders.

Under the party’s education plan, public funding would only be provided to schools that teach core curriculum studies.

What a vote for this party is likely to produce

A vote for The Zionist Home–The Reservists is likely a vote to support an attempt at building a “broad Zionist government,” as many opposition party members have expressed is their goal, including Gadi Eisenkot’s Yashar, Naftali Bennett and Yair Lapid’s B’Yachad, Yair Golan’s Democrats, and Avigdor Liberman’s Yisrael Beytenu.

While Tropper and Hendel have not explicitly ruled out a partnership with Prime Minister Benjamin Netanyahu, they have stated they would only do so for a government free of haredi coalition partners with a draft law already passed, a scenario Netanyahu has so far avoided.

However, the party’s largely central views and lack of public commitments mean it would be difficult to definitively determine which bloc leader it would follow.

Parties running for Knesset are required to submit finalized party lists to the Central Elections Committee by September 9, meaning there is still time for a potential merger between Tropper and Hendel with an additional party.

This post was originally published on here. 

Former Syrian president Bashar al-Assad was convicted of premeditated murder of multiple people, including children, torture, arbitrary detention, and crimes against humanity, and was sentenced to death on Tuesday, Syria’s official news agency SANA confirmed.

Assad fled Damascus in December 2024 and has been living in the Moscow area since.

He was tried in absentia.

This is a developing story.

This post was originally published on here. 

Is one of the biggest deals in European basketball history, and Israeli basketball in particular, drawing near?

About two weeks after reports of interest from Hapoel Tel Aviv were denied, reports in the US on Monday night indicated that contacts between the Reds and Russell Westbrook are continuing and even progressing.

Journalist Marc Jacobs posted on X (formerly Twitter) that discussions between the parties “continue to advance,” and if the deal is completed, it will be the former MVP’s first club outside the US. As recalled, according to The Athletic, the star is seriously considering a first career move outside the NBA.

The 37-year-old Westbrook is still a free agent after completing the previous NBA season. Over his career, he won the league’s MVP award, was selected to nine All-Star games, and is considered one of the greatest point guards of his generation. He also holds the all-time NBA record for triple-doubles and was included in the league’s 75th Anniversary Team.

Is Hapoel Tel Aviv on the verge of a blockbuster signing? Ofer Yannay. (credit: DANNY MARON)

Two weeks ago, Hapoel Tel Aviv was already linked to the star, alongside Panathinaikos and Dubai, though sources close to the club denied the interest at the time. Now, at least according to the American report, the picture has changed, and the possibility of seeing Westbrook in Europe appears more real than ever.

If he indeed signs in Israel, it would be one of the biggest signings ever seen in European basketball. However, at this stage, no agreement between the sides has been reported, but rather advanced negotiations and the fact that the player is seriously considering opening a new chapter in his career away from the NBA.

This post was originally published on here. 

An undercover investigation conducted over the past several months went public on Sunday after a couple from Bat Yam were arrested on the suspicion of posing as insurance company representatives and defrauding at least 75 people.

According to police, most of Periel Ben-David and Sahar Shmuel Abutbul’s victims are Arabs.

During the conversations, they provided victims with personal information before claiming that money owed to them was being held by the insurance company and that they could help them withdraw it.

In exchange for their services, the couple allegedly demanded a “fee” ranging from NIS 2,000 to NIS 5,000, and in some cases up to NIS 10,000.

The victims were then asked to provide a code allowing cash to be withdrawn from an ATM without a card. Police suspect the codes were used to withdraw the money, after which contact with the victims was cut off.

Man in handcuffs - illustrative (credit: INGIMAGE / ASAP)

Ten phones seized, police searching for additional victims

During the search, police seized 10 different phones and believe that information stored on them could lead to the identification of additional victims beyond the 75 already linked to the case.

Ben-David is suspected of obtaining something by fraud under aggravated circumstances, impersonation with intent to defraud, conspiracy to commit a felony, invasion of privacy, and processing personal information from a database without authorization.

She is also suspected of possessing or using drugs not for personal consumption. Police suspect the couple acted together as part of the alleged fraud scheme.

Ben-David exercised her right to remain silent during questioning, a police representative said at the hearing. Her partner, Abutbul, denied the allegations against him during his initial questioning.

During the hearing, Ben-David’s attorney raised allegations regarding the conduct of police officers at the time of her arrest.

According to the attorney, she was told that “if you cooperate, you’ll get off lightly, you have children at home, we know about the six-month-old baby who recently underwent surgery at Wolfson.”

The defense attorney then asked the police representative to explain why the statement had been made.

They asked for their client to be released to house arrest at her father’s home, citing, among other factors, the baby’s condition following the surgery. They also argued that Ben-David was not the person who went to the ATMs and physically withdrew the money.

Detention extended by nine days

Police, however, requested that her detention be extended by nine days.

Judge Zivon Alimi ruled that there was reasonable suspicion against Ben-David and that releasing her at this stage could interfere with the investigation.

At the conclusion of the hearings, the court ordered that the couple remain in custody until August 12.

Police are continuing to examine the seized material and determine whether there are additional victims. Ben-David’s attorney is also expected to file an appeal with the Central District Court in Lod on Tuesday seeking her release.

This post was originally published on here. 

Likud MK Tally Gotliv on Tuesday condemned the party’s decision to ask the party secretariat to approve the placement of Defense Minister Israel Katz as one of the reserved slots on the party list.

“Israel Katz, the man and the privilege – the man and the season – the man who was terribly afraid of the primaries’ results, and rightly so, is receiving a reserved slot in the Likud party,” Gotliv posted on X/Twitter.

The decision, Gotliv wrote, was a “despicable step that mocks Likud voters, who understand one thing better than all the veteran ministers combined, and that is the necessity to fight the judicial junta that is persecuting the right-wing government and the people of the right.”

Defense Minister Israel Katz attends a conference at Binyanei HaUma (Jerusalem International Convention Center) in Jerusalem, June 17, 2026. (credit: OREN BEN HAKOON/FLASH90)

“As the saying goes in Katz‘s primary video: ‘Boom boom boom,'” Gotliv added.

Likud defends Katz’s inclusion in Knesset list

The party said that the defense minister, “who in any case was expected to reach the top of the list, should be given a reserved slot in order to allow him to deal with security needs and not engage in politics at this time.”

Other ministers whom the secretariat is expected to be asked to approve include Foreign Minister Gideon Sa’ar and party Central Committee Chairman Minister Haim Katz.

Nachum Perry contributed to this report.

This post was originally published on here. 

Major clothing retailers are expanding repair, resale and sewing services as more consumers look for ways to keep clothes longer rather than continuously replacing them.

Uniqlo, Zara and Levi Strauss are among the brands pushing clothing repair further into the mainstream, with programs ranging from low-cost in-store fixes to mail-in repairs and sewing workshops aimed especially at younger shoppers.

The shift is partly about sustainability, but it is also increasingly about household economics.

For consumers, the appeal is simple: repairing a shirt, jacket or pair of jeans can cost far less than replacing it.

Uniqlo’s U.S. RE.UNIQLO Studios offer stitching, patching, taping and button replacement on eligible Uniqlo clothing for $5 per repair. The company has been expanding the concept as part of a broader push to keep garments in use longer.

Zara offers repairs through its U.S. Pre-Owned platform. Customers can select an item and the repair needed online, then send it for servicing. Zara says repairs can take as long as 14 days and charges $9.99 for shipping in addition to the cost of the repair itself.

Levi Strauss is taking a somewhat different approach.

The denim company launched its Wear Longer Project this year, targeting high-school students with workshops that teach basic sewing and clothing-repair skills. Levi’s also operates Tailor Shops in selected stores where customers can repair, customize and alter denim.

Other major retailers including H&M and Primark have been experimenting with repair workshops, resale and clothing-care programs as well.

The trend reflects a change in how retailers are trying to reach younger consumers. For decades, much of the apparel business depended on convincing customers to replace clothing frequently. Repair services essentially encourage the opposite behavior — but they can also keep shoppers connected to a brand for longer.

Retailers are betting that a customer who repairs a favorite pair of jeans or jacket may become more loyal to the company that helped extend its life.

There is also a growing resale business behind the strategy. Zara’s Pre-Owned operation includes repair, resale and donation, while other fashion companies are building their own secondhand marketplaces instead of leaving that business entirely to platforms such as eBay, Depop and Poshmark.

The economics are not easy. Clothing repair requires skilled labor, and repairing a cheap garment can sometimes cost nearly as much as manufacturing another one. That is one reason repair services historically remained concentrated among expensive outdoor, denim and luxury brands.

But retailers now see another benefit: shoppers are increasingly sensitive to price.

If consumers begin viewing a $5 repair as an alternative to another $40 or $60 purchase, clothing companies have an opportunity to remain part of the transaction even when customers are spending less on new merchandise.

For shoppers, that means something relatively unusual is returning to mainstream retail: instead of being told to throw worn clothing away and buy another one, some of the world’s biggest fashion companies are now offering to fix it.

JBizNews Desk | New York

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Families are spending less per child on back-to-school shopping this year once inflation is accounted for, and the largest retailers have responded by cutting prices on the items every classroom list requires. The reason parents are squeezing that budget shows up elsewhere on the receipt: the grocery bill is still climbing.

Walmart is offering its lowest prices since 2019 on 14 of the most common school supplies found on classroom lists nationwide, with some items starting at 25 cents. The retailer is also running 1,300 more price rollbacks than it did during last year’s back-to-school season.

It has the traffic to match. Seventy-seven percent of parents named Walmart as a back-to-school destination, well ahead of Target at just over 40% and Amazon at nearly 39%.

Deloitte’s annual survey of more than 1,200 parents puts expected spending at $557 per child for K-12 students, down $13 from a year ago and roughly 6% lower after adjusting for inflation. The total back-to-school market is estimated at $30.4 billion.

Parents shopping primarily in stores expect to spend $521 per child, compared with $614 for online shoppers. Mass merchants are expected to capture 80% of planned spending, with value for the money emerging as the deciding factor across channels.

Different surveys produce different dollar estimates. Jones Lang LaSalle put spending at $489 per child and rising, while PwC found parents expecting to spend an average of $922 across a broader basket of purchases. But the surveys agree on the larger behavior: households are watching prices closely.

Inflation remains a concern for 64% of parents in JLL’s survey, while nearly 69% say saving money is a top priority.

The most revealing number may be elsewhere in Deloitte’s findings. Fifty-seven percent of consumers said they expect the economy to get worse in the coming months, the highest share since 2020.

Parents are also delaying purchases, with spending expected to peak in late July and early August. For retailers, that means families who know they must eventually buy school supplies are increasingly waiting to see whether another promotion appears before the deadline arrives.

The pressure is easier to understand when the school-supply budget is viewed alongside the grocery bill.

Grocery prices have risen about 3.4% since January 2025, but some staples families buy every week have increased far more. Coffee is up roughly 35%, ground beef 23%, steak 21%, sugar and sweets 9%, chicken breast 5.3%, and fruits and vegetables 5.2%.

Bread, bacon and eggs have become cheaper over the same period, with egg prices retreating sharply as the bird-flu-driven shortage eased.

But falling egg prices do relatively little for the overall household budget. Eggs represent only about 0.8% of the typical grocery basket, compared with roughly 4.7% for beef and 10% for fruits and vegetables. A large decline in one highly visible item can therefore coexist with a grocery bill that remains considerably higher overall.

The Agriculture Department’s July forecast calls for grocery prices to rise approximately 2.7% during 2026 and restaurant prices around 3.5%. Prices in eight of the 15 food categories it tracks are expected to increase faster than their 20-year averages.

Beef remains one of the largest pressure points. Beef and veal prices were 11.8% above year-earlier levels in June and are forecast to finish 2026 about 10.7% higher. Fresh vegetables were 9.9% more expensive.

For a family spending $1,000 to $1,400 a month at the supermarket, even a modest increase means roughly another $40 a month for essentially the same basket.

That is close to the entire year-over-year reduction in back-to-school spending for one child.

The money did not disappear. It moved to the supermarket.

For retailers, the competitive lesson is becoming clearer. Price leadership is doing much of the work this season, and it is concentrating traffic rather than distributing it evenly.

Four out of every five back-to-school dollars are expected to go to mass merchants, while Walmart alone is attracting roughly three-quarters of surveyed shoppers.

For independent retailers and specialty stores, competing directly with a 25-cent notebook is unlikely to work.

The opportunity is in what the big-box price war does not easily provide: fitting and sizing for shoes and uniforms, school-specific supply bundles, extended hours immediately before classes begin, specialized merchandise and delivery for parents who waited until the last minute.

The spending difference between channels is also important. Online shoppers expect to spend $614 per child compared with $521 for in-store shoppers. The higher-value customer is increasingly the one buying from a screen, giving smaller retailers a channel where convenience and specialization can compete with sheer purchasing power.

Back-to-school spending will continue into September through replacements, dorm purchases and classroom replenishment.

But the character of this year’s shopper is already clear: parents still have money to spend, but they know exactly what it buys — and increasingly will drive past one store to save a few dollars at another.

JBizNews Desk | New York

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The two largest private AI companies both filed confidentially for public listings within days of each other in June. Two months later they are on completely different clocks, and the gap between them has become the market’s clearest read on how AI businesses are actually valued.

Anthropic filed a confidential S-1 with the SEC on June 1 and is still targeting an October listing on Nasdaq, potentially becoming the first company to debut at a $1 trillion valuation. The company is looking to raise roughly $30 billion at a $900 billion valuation, according to the Financial Times. OpenAI filed a week later and is now leaning toward 2027, per Bloomberg’s reporting, citing market volatility and CEO Sam Altman’s insistence on a $1 trillion floor. Prediction markets have moved with that: Polymarket priced the odds of a 2026 OpenAI listing near 18%, down sharply from 48% earlier in the year.

What changed both timelines was SpaceX. It priced at $135 on June 11, ran to $225 within days, then surrendered roughly 32% of those gains. The stock has since traded around $153, denting confidence in mega-cap technology listings, and the debut raised more than $85 billion. The lesson the market took was that enormous private valuations do not survive contact with daily price discovery unchanged.

The sequencing matters more than the calendar. Whatever multiple public investors assign Anthropic in October becomes the reference point for every OpenAI model built in 2027 — if Anthropic lists at, say, 20 times forward revenue, OpenAI must either match it with stronger financials or explain why it deserves a premium despite heavier cash burn. Going second means pricing against a year of a competitor’s public disclosures and settled analyst consensus.

The two businesses are less alike than the pairing suggests. Anthropic’s annualized revenue run rate expanded from $9 billion at the end of 2025 to more than $30 billion in April 2026, with roughly 134 million monthly active users against OpenAI’s 900 million weekly, and about 80% of revenue from enterprise customers compared with roughly 40% at OpenAI. CNBC reported Anthropic expected about $10.9 billion in second-quarter revenue and roughly $559 million in operating income — its first profitable quarter — while OpenAI was still loss-making in the first quarter. One is an enterprise software company by revenue mix; the other is a consumer platform.

OpenAI has raised approximately $180 billion to date, with Microsoft and SoftBank among its backers, and leads Stargate, a $500 billion joint venture targeting 10 gigawatts of AI data center capacity by 2029. Cracks appeared in April: ChatGPT stalled near 900 million weekly active users, short of internal targets, and monthly revenue milestones have been missed several times this year.

Anthropic’s valuation climbed fast — $380 billion in a February Series G, then roughly $965 billion after a $65 billion round in May, on cumulative fundraising above $129 billion since 2021 — a pace that makes fair IPO pricing genuinely difficult to set.

Both carry regulatory overhangs that public markets will have to price. The Department of War placed Anthropic on its supply chain risk list in February and barred federal contractors from using its services after the company declined to permit Claude’s use for mass surveillance and fully autonomous weaponry; oral arguments in the related lawsuit were heard May 19, with judges divided, while seven competitors including OpenAI were cleared to work with the Pentagon. A separate Commerce Department export control action took Anthropic’s Fable model offline on June 12. Those controls were lifted June 30 and access was restored July 1. OpenAI, meanwhile, still has to finalize its restructuring from nonprofit into a for-profit public benefit corporation.

The scale of what is queued is the systemic question. SpaceX, OpenAI and Anthropic together are expected to form three trillion-dollar listings in a single cycle — a combined demand for capital large enough that analysts have warned it could disrupt global capital markets. Estimates put their combined target market capitalization near $3.8 trillion.

For public investors, the read-through runs well past the two names: whichever lists first sets the first U.S. benchmark for pure-play AI model valuations, with direct implications for Nvidia, Oracle and CoreWeave, while Microsoft and SoftBank hold stakes that get marked to market on debut.

Neither company is currently accessible to retail investors, and a confidential filing guarantees neither a date nor a price. October will supply the number everyone is waiting for — or it won’t, and the wait extends into 2027.

JBizNews Desk | New York

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Biotech companies don’t hide or obfuscate strong data. 

It’s an old saw but one that I have found to be a reliable predictor of future success or failure, particularly when judging clinical trial results. Yet once again, MoonLake Immunotherapeutics has announced “positive” results from a study of its autoimmune drug candidate marred by a level of data obtuseness that renders the word meaningless. 

It’s a subject I keep returning to, because with MoonLake it happens again, and again, and again. 

Continue to STAT+ to read the full story…

This post was originally published here. 

Nurses, who make up the largest part of the health care workforce, are getting more vocal about the risks posed by clinical artificial intelligence to their jobs and patient care as the technology makes deeper inroads into the practice of medicine. 

At Montefiore hospital in the Bronx, laid-off nurses have raised the alarm about administrative AI they say is replacing them. Across the country in California, nurses at Kaiser Permanente are striking and picketing against the AI surveilling their work and playing a growing role in patient care. Collectively, the loudest voices have come from unions like National Nurses United, which represents over 200,000 nurses, including those at Kaiser and Montefiore. 

As that workplace advocacy and bargaining continue, educators and researchers also have their eyes on the future: They’re trying to build solutions to support the next generation of nurses through training and involvement in how patient-facing AI is developed and deployed. By giving nurses a voice in AI’s inevitable disruption of health care, they hope to make the current adversarial relationship more collaborative.

Continue to STAT+ to read the full story…

This post was originally published here. 

In Venice, Italy, the fabled Bridge of Sighs spans a narrow canal, its small stone-barred windows once offering prisoners a final glimpse of freedom as they were escorted to their cells. The name reflects their resignation, the quiet exhale of those who knew what awaited them.

For many primary care physicians, a similar sigh now accompanies the start of Medicare’s “Bridge” program, which promises discounted access to the GLP‑1 weight loss medications Wegovy, Zepbound, and Foundayo. Despite its admirable goal — making highly effective treatments more affordable — the program risks doing the opposite by creating a complex, burdensome process that could limit access in practice.

Read the rest…

This post was originally published here. 

A physician is eating dinner with her family when an encrypted message appears on her phone. A frightened 17-year-old explains that she took misoprostol — one of the medications commonly used to end a pregnancy. Four weeks later, she is still nauseated and her pregnancy test remains positive.

She wants to know: Can she see a doctor without her parents finding out? Could she get into legal trouble for taking abortion pills?

Read the rest…

This post was originally published here.