Author: openjargon

  • Seeking nominations for the most influential TikTok talent managers and agents in 2024

    Jorge Alvarez
    TikTok creator Jorge Alvarez.

    • Business Insider is compiling our fifth annual list of talent managers and agents signing TikTokers.
    • We encourage industry experts like influencer marketers and publicists to recommend their picks.
    • Submit your ideas here or below by July 12.

    TikTok is one of the most popular platforms out there, helping thousands of creators increase their online presence, make money, and start their own businesses. The app has helped many break into the music industry, launch their comedy careers, and even attend high-profile events like the Met Gala.

    The ByteDance-owned platform has gone through some major changes in the past year, though.

    Recently, it introduced and expanded its focus on shopping, where creators on the platform who qualify for this feature can earn a commission by posting reviews of products or services they use or if their audience buys through their affiliate link. TikTok has also tapped into long-form content in an effort to compete with YouTube and steer away from the shorter, 15-and 30-second videos it first became popular for.

    As TikTokers grow their brands, many of them tap talent managers and agents to help them earn even more lucratively. Some managers find their talent through mutual connections, at events, or by browsing social media themselves.

    "TikTok still does an incredible job of shining light on new faces, new talent, and exciting content," Brendan Nahmias, a senior talent manager at the creator firm Whalar, previously told Business Insider.

    These managers and agents can help their talent negotiate better contracts, connect them with brands, and even branch out into areas they don't have expertise in.

    BI is compiling its fifth annual list of the most influential talent managers and agents who help TikTok creators jumpstart their careers. We encourage creators, influencer marketers, advertisers, publicists, creator startup founders, and other industry professionals, to inform us of which agents and managers are having a positive impact on TikTokers' careers.

    Please submit your ideas through this Google form by July 12.

    [googleapps domain=”docs” dir=”forms/d/e/1FAIpQLSfOkPxjkQ0PULhxR7HN5lfVSQ2nDEbR-Mi5NTbryU1mw1SsoA/viewform” query=”embedded=true” width=”640″ height=”1102″ /]
    Read the original article on Business Insider
  • 3 things about Vanguard US Total Market Shares Index ETF (VTS) every smart investor knows

    a man with a wide, eager smile on his face holds up three fingers.

    The Vanguard US Total Market Shares Index ETF (ASX: VTS) is a high-quality exchange-traded fund (ETF) that most people would have benefited from owning in the last five years. The unit price has gone up more than 80%, as shown on the chart below.

    The US share market is home to many of the world’s biggest and strongest businesses including Microsoft, Apple, Nvidia, Alphabet (which owns Google), Amazon, Meta Platforms, Berkshire Hathaway, Eli Lilly & Co, Broadcom and JPMorgan Chase & Co.

    Households that invest in the VTS ETF can get exposure to most of the US share market because it has over 3,700 holdings. That’s a lot of diversification in one investment. While the holdings are listed in the US, the underlying earnings come from across the world.

    Having said that, I think there are (at least) three things that some investors need to know about this fund.

    Extremely low fees

    One of the best reasons to invest in this ASX-listed ETF is the fact that it has exceptionally low management costs.

    The lower the fees, the more returns stay in the hands of investors. Therefore, low fees are good for long-term investing and wealth building. Of course, there’s more to being a good investment than just low fees, but it’s a very useful element.

    According to Vanguard, the VTS ETF has an annual management fee of just 0.03%. Let’s compare that to a few other options.

    The Vanguard MSCI Index International Shares ETF (ASX: VGS) has an annual fee of 0.18%.

    The Betashares Nasdaq 100 ETF (ASX: NDQ) has an annual management fee of 0.48%.

    The iShares S&P 500 ETF (ASX: IVV) has an annual fee of 0.04%.

    The VTS ETF is cheaper than its rivals, though the IVV ETF fee is very similar.

    Great financial metrics

    Every month, Vanguard tells investors what the financial metrics of its ETFs are.

    The financial ‘characteristics’ of the VTS ETF are very positive because of the strength of the businesses within the US share market.

    According to Vanguard, as of 31 May 2024, the VTS ETF had a return on equity (ROE) of 24%. That shows that the companies within the ETF are generating enormous profits for how much shareholder money is being retained within the businesses. It may also suggest that these businesses can keep growing profit at a good rate if they continue reinvesting for ongoing growth.

    Vanguard also said the earnings growth rate is currently 15.7%, which is a strong rate of compounding of the earnings per share (EPS). Long-term double-digit EPS growth can translate into double-digit shareholder returns over time, even if there is a bit of volatility along the way.

    Becoming more concentrated

    While the performance of US shares has been stunning, we should keep in mind that the American stock market’s performance is being driven by a few large US tech shares.

    I’m talking about names like Nvidia, Microsoft, Apple, Alphabet, Amazon and Meta Platforms. The stocks alone account for more than a quarter of the portfolio – a fund that owns over 3,700 businesses.

    It’s understandable that these stocks are becoming a larger share of the US market because their profits and market capitalisations keep rising over time. However, if this trend continues, it reduces the effectiveness of diversification, and the VTS ETF could become very reliant on those stocks delivering returns to do well.

    The post 3 things about Vanguard US Total Market Shares Index ETF (VTS) every smart investor knows appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Vanguard Us Total Market Shares Index Etf right now?

    Before you buy Vanguard Us Total Market Shares Index Etf shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Vanguard Us Total Market Shares Index Etf wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon, Apple, Berkshire Hathaway, BetaShares Nasdaq 100 ETF, JPMorgan Chase, Meta Platforms, Microsoft, Nvidia, and iShares S&P 500 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Broadcom and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Alphabet, Amazon, Apple, Berkshire Hathaway, Meta Platforms, Microsoft, Nvidia, Vanguard Msci Index International Shares ETF, and iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Forget CBA and buy these ASX dividend stocks

    Commonwealth Bank of Australia (ASX: CBA) shares are a popular option for income investors.

    But with many analysts saying that the banking giant’s shares are overvalued at current levels, it may not be the best pick right now.

    But which ASX dividend stocks could be good alternatives? Let’s take a look at three:

    Challenger Ltd (ASX: CGF)

    This annuities company could be an ASX dividend stock to buy right now according to analysts at Goldman Sachs.

    The broker likes Challenger due to its “exposure to the growing superannuation market” and its belief that “higher yields should drive a favorable sales environment for retail annuities.”

    In respect to income, Goldman is forecasting fully franked dividends of 26 cents per share in FY 2024 and then 27 cents per share in FY 2025. Based on the current Challenger share price of $6.82, this will mean dividend yields of 3.8% and 4%, respectively.

    Goldman currently has a buy rating and $7.50 price target on its shares.

    Healthco Healthcare and Wellness REIT (ASX: HCW)

    Another ASX dividend stock that could be a good option for income investors is the Healthco Healthcare and Wellness REIT.

    It is a real estate investment trust with a focus on healthcare and wellness assets. This includes hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness properties.

    Morgans is very positive on the company and believes it is well-placed to pay dividends per share of 8 cents in FY 2024 and then 8.3 cents FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.08, this will mean yields of 7.4% and 7.7%, respectively.

    Morgans has an add rating and $1.50 price target on its shares.

    Telstra Group Ltd (ASX: TLS)

    Analysts at Goldman Sachs also think that income investors should buy Telstra shares.

    It continues to see a lot of value in the telco giant at current levels. Particularly given its low risk growth.

    In addition, it is expecting some good yields from its shares. The broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and then 18.5 cents per share in FY 2025. Based on the current Telstra share price of $3.70, this equates to yields of 4.9% and 5%, respectively.

    Goldman has a buy rating and $4.25 price target on the ASX dividend stock.

    The post Forget CBA and buy these ASX dividend stocks appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Commonwealth Bank Of Australia right now?

    Before you buy Commonwealth Bank Of Australia shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Commonwealth Bank Of Australia wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Challenger. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Best 5 ASX 200 energy shares for price growth in FY24

    Five young people celebrate outside with sparklers

    The best five ASX 200 energy shares of FY24 included three uranium stocks, a thermal and metallurgical coal stock and an oil stock.

    Let’s check them out.

    Top 5 ASX 200 energy shares of FY24

    These are the five best-performing ASX 200 energy shares for capital growth in FY24, according to data from S & P Global Market Intelligence.

    Deep Yellow Limited (ASX: DYL)

    Deep Yellow was the best-performing energy share on the ASX 200 last financial year. The Deep Yellow share price soared by 77.5% in FY24.

    Rising global demand for uranium lifted the commodity price again in FY24.

    This provided a strong tailwind for Deep Yellow and other ASX uranium shares. That’s why the three top-performing ASX 200 energy shares for FY24 are all uranium stocks.

    The United States and 20 other countries intend to triple their nuclear power by 2050. This is creating strong demand for uranium across the globe.

    Paladin Energy Ltd (ASX: PDN)

    Paladin Energy was the second top-performing ASX 200 uranium stock in terms of share price growth. Its share price rose 71% in FY24.

    In the last week of FY24, the company announced plans to acquire 100% of Canadian uranium miner Fission Uranium Corp. (TSX: FCU) for 0.1076 shares for each Fission share.

    Boss Energy Ltd (ASX: BOE)

    The third best-performing ASX 200 energy share of FY24 was Boss Energy, up 33.2% over the 12 months.

    Boss finished FY24 on a high after announcing the commencement of production at its joint venture mine, Alta Mesa, located in Texas, United States, in June. The news came eight weeks after Boss announced the start of production at its 100%-owned Honeymoon project in South Australia.

    Whitehaven Coal Ltd (ASX: WHC)

    Whitehaven was the top-performing ASX 200 coal stock in FY24 and the fourth-best among ASX 200 energy shares. But its share price gain wasn’t anything spectacular. Whitehaven shares lifted 14% in FY24.

    ASX coal stocks are generally off the boil as commodity prices cool down. Newcastle futures reached a peak of about US$440 per tonne in September 2022 (in the first half of FY23). Today, they’re trading closer to US$140 per tonne. Newcastle coal futures fell by about 9% in FY24.

    A tailwind for Whitehaven shares in FY24 was the company’s US$3.2 billion acquisition of the Daunia and Blackwater metallurgical coal mines from BHP Group Ltd (ASX: BHP). This gave the company a more even split between its thermal and met coal assets, thereby enhancing its production and sales profile.

    Beach Energy Ltd (ASX: BPT)

    Beach Energy outperformed much larger rivals like Woodside Energy Group Ltd (ASX: WDS) in terms of share price gains in FY24. It was the top ASX 200 oil stock for the year and also the fifth-best-performing ASX 200 energy share with a modest 10.4% share price gain.

    Oil stocks were volatile in FY24, and commodity prices fluctuated. The price of Brent Crude, the international oil commodity benchmark, rose by about 14% over the year.

    Conflict in the Middle East may create issues with oil supply in the future, especially if Iran gets involved. OPEC+ production cuts and US stockpiles influenced the Brent Crude oil price last year.

    The post Best 5 ASX 200 energy shares for price growth in FY24 appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bhp Group right now?

    Before you buy Bhp Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bhp Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Bronwyn Allen has positions in BHP Group and Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Gen Z’s latest hot club is Costco

    A Costco Wholesale store in Colchester, Vermont, on November 13, 2023.
    Costco and Sam's Club have become destinations for Gen Z shoppers who want to save money.

    • Some Gen Z shoppers are trying to save money by shopping at Costco and Sam's Club.
    • They're sharing bulk groceries and membership cards with roommates and family.
    • It's the lastest example of how food prices are still historically high.

    One of Gen Z's biggest tools for fighting persistently high food prices: Sharing a big cart of groceries — and potentially a membership card — from Costco or Sam's Club with roommates or family.

    The young shoppers, many of whom are buying groceries on their own for the first time as college students or entry-level professionals, are buying huge bags of flour, packs of meat, and other bulk groceries, then splitting them with others in their social circles to save money, the Wall Street Journal reported on Friday.

    It's one way to save money as Americans are still spending a historically large share of their income on food.

    For warehouse retailers, Gen Z represents a fast-growing source of new memberships. The number of Sam's Club members age 27 and younger grew by 63% over the last two years, the Walmart-owned chain told the Journal.

    One shopper who spoke to the Journal, recent University of Illinois Urbana-Champaign graduate Devak Nanda, said that he and his roommate walked 20 minutes each way to Costco to stock up. They used a wheeled cart to get groceries back to their apartment.

    Other Gen Z and Millennials quoted in the Journal's article say that they split large packs of food with friends and family — even those that they don't live with — to get the savings of shopping at the wholesale retailers without having to store all of the food themselves.

    For some, though, the tactic backfires. Nanda told the Journal that he eventually realized shopping at Costco wasn't actually saving him and his roommates any money after he did the math.

    Costco and Sam's Club might be happy for the new customers, but they're likely less eager about those who share membership cards to make the purchases.

    For example, Costco employees have started asking shoppers to see the photo on their membership card when they approach self-checkout to cut down on people sharing memberships.

    Wholesale retailers like Costco and Sam's Club have long appealed to consumers who shop for big families or parties. But some single people say a Costco membership makes sense for them thanks to benefits like savings on gas.

    Are you a shopper or employee at Costco or Sam's Club with a story idea to share? Reach out to Business Insider at dreuter@businessinsider.com and abitter@businessinsider.com

    Read the original article on Business Insider
  • Who is Michael Rubin, and why is he friends with so many famous people?

    Michael Rubin
    Rubin at the Fanatics Super Bowl party in Atlanta in 2019.

    • Michael Rubin threw his annual "white party" for A-list celebrities and athletes on July 4. 
    • Rubin is the billionaire CEO of sports merchandise company Fanatics. 
    • He's also involved in charity, working with Meek Mill on the criminal justice REFORM Alliance. 

    On July 4, Michael Rubin's Hamptons home was the place to be — or at least, it was for celebrities and athletes.

    The billionaire — who has an $11.5 billion fortune, according to Forbes — hosted his annual "white party" for tons of A-list guests. This year, they included New England Patriots CEO Robert Kraft, Kim Kardashian, Drake,  and athletes like Tom Brady. Their all-white outfits have also been splashed across social media after the event.

    Though Rubin's name may not be as well known to the average person as some of his guests', he's pretty noteworthy — both for his role in the sports industry as the CEO of sports merchandise company Fanatics and as a popular figure who has a vast and diverse social circle.

    Rubin is the CEO of Fanatics, a sports merchandise retailer, and is reportedly worth billions.
    Fanatics' logo appears in neon at the company's 2022 Super Bowl party.
    Fanatics.

    According to a profile of Rubin by Business Insider's John Lynch, the entrepreneur got his start as a teenager running a ski equipment business in Philadelphia. In his 20s, he dropped out of school to launch Global Sports Incorporated, an apparel and logistics company. 

    Rubin later sold that company, later known as GSI Commerce, to eBay in 2011 for $2.4 billion. As part of that deal, he kept Fanatics — the company's production section. 

    According to the company's website, Fanatics provides officially licensed sports merchandise and other services, such as digital asset collection and betting.

    Forbes estimates that as of July 2024, Rubin's net worth is about $11.5 billion. 

    Rubin is also the co-chair of the REFORM Alliance.
    Meek mill michael rubin
    Rubin and Meek Mill at a Reform Alliance press conference in Philadelphia in 2019.

    The REFORM Alliance is a criminal justice reform organization that, according to its website, "aims to transform probation and parole by changing laws, systems, and culture to create real pathways to work and wellbeing."

    BI previously reported that the organization was launched after rapper Meek Mill was released from prison in 2018 following a controversial two-to-four-year prison sentence for a probation violation.

    Mill and Rubin are co-chairs of the organization, whose board of directors includes CEO Robert Rooks, founding partners Clara Wu Tsai, Laura Arnold, Michael Novogratz, Robert Kraft, Robert F. Smith, Shawn "Jay-Z" Carter, and board member Priscilla Chan. 

    In 2019, BI reported that Rubin, Mill, Kraft, and Tsai put together a trip for 50 children who had a parent who was in prison or who had been incarcerated or undergone a probation extension as a result of technical probation violations.

    Rubin used to hold stake in both the Philadelphia 76ers and the New Jersey Devils.
    joel embiid, a tall man in a philadephia 76ers jersey, michael rubin, a shorter man in a blue untucked shirt, meek mill, another man in a philadelphia jersey, and his son papi, a young child, stand on a basketball court
    Joel Embiid, Michael Rubin, Meek Mill, and his son Papi at the April 24, 2018 Philadelphia 76ers game against the Miami Heat.

    According to People, Rubin purchased a minority share in the 76ers in 2011 and purchased a stake in the New Jersey Devils in 2013. 

    However, in 2022, he sold his stake in the Harris Blitzer Sports & Entertainment company that owns both teams.

    In a statement to ESPN, he said that he divested due to potential conflict-of-interest concerns given Fanatics' expansion into sports betting.

    Rubin's social network includes a number of high-profile celebrities and athletes.
    James Harden, Tom Brady, Michael Rubin, and Devin Booker at the 2023 white party.
    James Harden, Tom Brady, Michael Rubin (second from right), and Devin Booker at the 2023 white party.

    As BI previously reported, Rubin has a reputation for hosting "star-studded" parties, as Migos rapper Quavo put it. 

    His 2020 Super Bowl party included guests like Jay-Z, Alex Rodriguez, Emily Ratajkowski, Post Malone, and Shaquille O'Neal. 

    "I do like bringing people together," Rubin told The New York Times in 2021. "I have such a diverse set of friends, and I like to see them learn and grow from each other."

    Rubin told BI that year that he's "like a sponge" and learns from his friends, saying his social circle was one of his greatest assets. 

    "I think if you have a diverse group of friends, you can constantly learn from each other," Rubin told BI. "Robert Kraft and I learn from each other. Meek and I learn from each other. Quavo and I learn from each other. Gary Vee and I learn from each other. One of my best skill sets is the diversity of friends that I have."

    His "white party" in 2023 brought together numerous A-list celebrities like Kim Kardashian, Beyoncé, and Tom Brady.
    Celebrity guests at the 2023 white party included Lala Anthony, Kim Kardashian, Lori Harvey, Hailey Bieber, and Kendall Jenner
    Celebrity guests at the 2023 white party included Lala Anthony, Kim Kardashian, Lori Harvey, Hailey Bieber, and Kendall Jenner.

    The "white party" took place in the Hamptons, and its dress code — as suggested by the name — was all-white. 

    Per The New York Times, the first "white party" occurred in 2021 after Rubin purchased his $50 million Bridgehampton home in 2020. The celebration that year served as a housewarming event.

    A source close to Rubin told Business Insider that celebrities in attendance at the 2023 party included Jennifer Lopez, Ben Affleck, Tom Brady, Kim Kardashian, Emily Ratajkowski, Jay-Z, Beyoncé, Kendall Jenner, Leonardo DiCaprio, Lori Harvey, Travis Scott, and Justin and Hailey Bieber. Rubin also uploaded numerous photos from the event to his personal Instagram account. 

    Rubin's daughter, Kylie Rubin, also posted photos of the event to her personal Instagram account. In the caption, she wrote that she would be "taking over the party list starting July 2027," tagging her father, and writing, "bye-bye."

    "May cut u off the list next year for sport!!" Michael wrote in the comments. 

     

    This year, Rubin hosted another successful "white party" on July 4, 2024
    Model Brooks Nader and friends at Michael Rubin's 2024 "white party."
    Model Brooks Nader and friends at Michael Rubin's 2024 "white party."

    This year's guest list included athletes like Tom Brady and Rob Gronkowski, musicians such as Drake, Megan Thee Stallion, Glo Rilla, and Quavo, and celebrities like Kim Kardashian, Emily Ratajkowski, and Megan Fox.

    Of course, attendees donned all-white as seen in photos Rubin posted on Instagram, and the party was hosted at his Hamptons home.

    In addition to his daughter Kylie, Rubin has two young daughters with Camille Fishel.
    kylie rubin, a teenager, dr. dana blumberg, a middle aged woman, michael rubin, a middle aged man, robert kraft, an older man, camille fishel, a middle-aged woman, and kevin hart, a middle-aged man stand together on a red carpet with their arms around each other
    Michael Rubin, center left, poses with daughter Kylie Rubin, left, and girlfriend Camille Fishel, second from right, along with Dr. Dana Blumberg, Robert Kraft, and Kevin Hart at the 2022 Fanatics Super Bowl Party in Culver City, California.

    People reported that Rubin and his ex-wife, Meegan Rubin, split in 2011 but co-parent their daughter Kylie. 

    He's since been linked to model Camille Fishel since 2016, per the magazine. The pair share two children: Romi, who was born in 2020, and Gema, who was born in 2022.

    Read the original article on Business Insider
  • Demands in the Middle East risk leaving an aircraft carrier-sized hole in US naval power in the Western Pacific

    A US aircraft carrier sails in the Pacific Ocean with a cloudy sunset in the background.
    The aircraft carrier USS Carl Vinson transits the Pacific Ocean.

    • The aircraft carrier USS Theodore Roosevelt is on its way to the Middle East after exercises in Asia.
    • Its departure will leave the US Navy without a carrier in the Western Pacific region unless another can be tasked to the area.
    • If not, soon the only carriers operating in the area may be China's.

    Ongoing conflicts in the Middle East are drawing the US military's focus and risk leaving the US Navy without any aircraft carriers operating in the Western Pacific, which is home to a major US rival and longtime foes.

    The only US carrier in the area is on its way to the Middle East following a series of military drills in the Pacific. Meanwhile, China continues to demonstrate its ambitions with a growing fleet of carriers while American adversaries stir unease.

    Late last month, the USS Theodore Roosevelt Carrier Strike Group arrived in South Korea for a joint exercise with its host nation and Japan. While the exercise was pre-planned, it came at a tense time in the region, just days after Russian President Vladimir Putin and North Korean leader Kim Jong Un signed a historic defense pact that has had far-reaching geopolitical reverberations.

    When the Roosevelt and the other elements of the strike group arrived, the South Korean navy said that the presence of the Nimitz-class nuclear-powered carrier and the other US warships "demonstrates the strong combined defense posture of the South Korea-US alliance and their firm resolve to respond to the escalating threats from North Korea."

    After the exercise wrapped up, the Roosevelt strike group set sail for Middle Eastern waters, where it will take over the defense of commercial shipping lanes in the Red Sea and Gulf of Aden. After USS Gerald R. Ford and the Dwight D. Eisenhower, the Roosevelt is the third aircraft carrier that has been sent to respond to the fighting in the Middle East ignited by the Israel-Hamas war.

    A US Navy aircraft sits on the deck of the USS Theodore Roosevelt aircraft carrier with a few sailors standing nearby as a red light shines on them while the sun sets.
    Sailors conduct flight operations on the deck of the aircraft carrier USS Theodore Roosevelt near Indonesia.

    The steady movement of the Roosevelt out of the Western Pacific and the departure of USS Ronald Reagan before that risks leaving an aircraft carrier-shaped hole in the US Navy's presence in the region at a time when Russia and North Korea are creating new headaches for US ally South Korea and China is increasingly conducting its own carrier operations and flexing its muscles against another US ally, the Philippines.

    Business Insider was unable to reach the Pentagon for comment on carrier movements or US force posture in the Western Pacific.

    The USNI News fleet tracker indicated on July 1 that USS Carl Vinson was in the Eastern Pacific around Hawaii for the big Rim of the Pacific (RIMPAC) naval exercise while the Roosevelt appeared to be working its way toward the South China Sea. USS Carl Vinson is available for necessary tasking, but it lacks the presence provided by a forward-deployed carrier.

    On July 2, the Roosevelt strike group was in the Philippine Sea, according to imagery and information from what is known as DVIDS, or the Defense Visual Information Distribution Service.

    The Theodore Roosevelt aircraft carrier.
    The Theodore Roosevelt (CVN 71), a nuclear-powered aircraft carrier is anchored in Busan, South Korea.

    As the Roosevelt travels to keep up the seeminglty endless fight against the Houthis, China's navy has been active. The aircraft carrier Shandong and a Chinese amphibious assault ship conducted an exercise in the South China Sea earlier this week.

    The Shandong is one of two Chinese Soviet-style carriers. The warship features a ski-jump-style ramp like its predecessor, Liaoning. China's newest carrier, Fujian, has a catapult launch system similar to the one on the US Navy's new Ford-class carriers.

    China's carriers — the speed at which they're building and fielding them, as well as how and where they're operating them — demonstrate a focus in Beijing on building a carrier fleet capable of projecting military power in the region and potentially globally.

    Lately, China has also ramped up altercations with the Philippines in contested waters in the South China Sea. Just late last month, Chinese personnel armed with machetes and spears attacked Filipino navy personnel in disputed waters. The Coast Guard, however, has taken charge in this spat, as opposed to the navy.

    Read the original article on Business Insider
  • A NATO sub hunter captured these shots of a Russian submarine in waters newly surrounded by the alliance

    A Russian submarine surfaces in the blue water of the Baltic Sea.
    A Russian submarine photographed by a NATO P-3 maritime patrol aircraft while sailing in the Baltic Sea.

    • A NATO ally captured images of a Russian submarine in the Baltic Sea last week.
    • The submarine was spotted by a Portuguese P-3 Orion maritime patrol aircraft.
    • Russia conducted sub drills, including a torpedo duel, in the Baltic Sea recently.

    A NATO ally's anti-submarine warfare aircraft captured photos of a Russian sub navigating the Baltic Sea last week, highlighting the alliance's continuous efforts to keep track of Russian activity in the undersea domain.

    The surveillance photographs, which show the surfaced submarine, were taken around the same time the Russian military conducted submarine exercises in the Baltic Sea, which involved a pair of subs engaging in a torpedo duel.

    NATO Maritime Command shared the photos on X and other social media platforms on Wednesday, noting that the Russian sub was photographed by a Portuguese P-3 Orion maritime patrol aircraft, an ASW platform made by Lockheed Martin.

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    The P-3 Orion anti-submarine and maritime surveillance aircraft was used by the US Navy for decades until it was succeeded by the sophisticated P-8A Poseidon, an advanced aircraft introduced in 2013 and highly regarded as one of the best maritime patrol aircraft in service. Other nations continue to use the P-3s, though.

    A P-8 Poseidon recently operated over the Norwegian Sea late last month, joined by a US Navy nuclear ballistic missile submarine and other vessels and aircraft, including an E6-B Mercury "Doomsday" plane, in what appeared to be an unusual flex amid persistent tensions with Russia.

    While it's unclear what Russian sub was documented in these photos, Russia recently conducted a submarine exercise in the Baltic Sea. Two Russian Kilo-class, diesel-electric subs — the Novorossiysk and Dmitrov — held a training duel involving torpedo fire last week, around the same time the NATO photos were taken.

    The Russian nuclear-powered submarine Kazan, part of the Russian naval detachment visiting Cuba, arrives at Havana's harbour, June 12, 2024.
    The Russian nuclear-powered submarine Kazan, part of the Russian naval detachment visiting Cuba, arrives at Havana's harbor.

    After wrapping up the duel, the Russian submarines — capable undersea assets known for being relatively quiet, especially the more advanced Novorossiysk — went on to conduct other combat exercises in the Baltic Sea, Russian state media said.

    The Baltic Sea, where the drills took place, has seen a major geopolitical shift in recent years with Russia's invasion of Ukraine and Finland and Sweden both joining NATO. Sweden became the newest member in March 2024.

    With eight of the nine countries bordering the Baltic Sea now being NATO members — the only remaining one Russia — the body of water is sometimes called a "NATO lake," although this term has been criticized for glossing over how strategically important the region is for both NATO allies and Russia alike.

    Russian submarines are active far beyond the Baltic Sea and remain an important element of the Russian navy. For instance, the submarine Kazan was spotted in Cuba recently during a Russian navy flotilla visit and prior to exercises in the Caribbean. The Kazan is one of a class of Russian submarines that have concerned NATO allies for years.

    Read the original article on Business Insider
  • Democratic senator reportedly trying to organize a Biden drop-out push among his colleagues

    A spokesperson for Sen. Mark Warner said that the Virginia Democrat "believes these are critical days for the president's campaign."
    A spokesperson for Sen. Mark Warner said that the Virginia Democrat "believes these are critical days for the president's campaign."

    • Sen. Mark Warner is reportedly trying to organize his colleagues to push for Biden to drop out.
    • Biden has continued to face questions about his political viability in the wake of his bad debate.
    • One senator said there's a "sense among many that the current path may not be sustainable."

    As President Joe Biden continues to face questions about his political viability in the wake of his poor debate performance last week, one Democratic senator is reportedly nearing a tipping point.

    According to the Washington Post, Sen. Mark Warner of Virginia is trying to gather a group of his Democratic colleague to ask Biden to withdraw from the race.

    "Like many other people in Washington and across the country, Senator Warner believes these are critical days for the president's campaign, and he has made that clear to the White House," Warner's spokesperson, Rachel Cohen, told the Post.

    Another Democratic senator told the outlet that "there is a sense among many that the current path may not be sustainable for him" and that Biden "obviously has to show strength right now."

    As of Friday, no Democratic senator has called for Biden to step aside, though many have remained silent or dodged questions about whether they have confidence in him going forward.

    Two House Democrats — Reps. Lloyd Doggett of Texas and Raúl Grijalva of Arizona —have publicly called for Biden to drop out, while two others have declared that former President Donald Trump will win the election.

    This is a developing story. Please check back for updates.

    Read the original article on Business Insider
  • Scientists studied 1,200 cats to determine why they scratch up furniture and how to stop it

    child in bed holding cat
    Scientists find that children can stress cats out so much that they're more likely to scratch up furniture, as a result.

    • Scientists got an unprecedented look into house cats' daily lives by studying over 1,200 cats.
    • They discovered that cats tend to scratch more often and more intensely when they're stressed.
    • Particularly, children in the home seem to cause high levels of stress that lead to scratching.

    Scratching holes and snags in your furniture is a natural behavior for cats. Dr. Andrea Sanchez, a veterinarian at Banfield Pet Hospital, previously told Business Insider that cats scratch to communicate, stretch and condition their claws, and claim possessions.

    But if you really want your cat to stop scratching up your couch and chairs, it's worth knowing the exact reason they're doing it in the first place. Now, a new study offers more clues into cats' destructive habits and how to curb them.

    Scientists interviewed cat owners in France who all reported unwanted scratching behavior. In total, the study included 1,211 cats. The scientists emailed the owners asking about cats' daily routines, sociability, temperaments, behaviors, and the types of environments they lived in.

    white cat scratching holes in brown leather couch
    New research hones in on the reasons why your cat may be scratching up your furniture.

    The research team discovered that naturally aggressive and disruptive cats were more likely to scratch, as well as cats who tended to play a lot and spent more time awake at night. But the research also showed there was more to the story than just kitty personality.

    The cats' environments played a key role as well. "One noteworthy finding is the influence of the presence of a child at home on the high level of scratching behavior," the researchers reported in their paper, published on July 2 in the peer-reviewed journal Frontiers in Veterinary Science.

    A young girl sits on the floor and feeds a grey cat from her hand
    Cats and children may not be the best roommates, according to new research.

    Turns out, cats don't seem to enjoy sharing a home with children all that much — at least the ones in this study. Children can stress cats out, which then leads the animals to scratch more often and more intensely, the researchers found.

    It's not the first time researchers have found evidence to suggest that children play a role in destructive cat behavior. But questions remain. For example, it's unclear if age is a factor — if younger children heighten a feline's stress more than older kids. Another question the researchers say needs exploring is if it matters who lived in the home first.

    How to stop cats from scratching up your furniture

    A cat scratching a couch
    Stressed-out cats can wreak havoc on your furniture and other household items. But there are things cat owners can do to stop this behavior.

    If your cat won't stop scratching up your furniture, there are things you can do to curb the behavior, the researchers found.

    Making sure that your cat is getting enough mental and physical exercise is important. Promoting regular, brief play sessions and providing stimulating toys can reduce stress and undesirable scratching behavior in your cat, the researchers reported.

    Some examples may include interactive toys like rollerballs, scratchers, and play tunnels, which offer long-lasting mental and physical stimulation for cats.

    The researchers also found that scratching posts can reduce scratching on household items, but where they're placed throughout the home matters. For the best results, put scratching posts in areas frequented by your cat, like near their bed or litter box.

    A cat scratches a vertical scratching post on the left, and another cat sits on a horizontal scratching post on the right.
    Observing your cat's scratching behavior can help you figure out what type of scratching post is best for them.

    Additionally, taking some time to observe your cat's scratching behavior can help you choose the right post for them, Danie "DQ" Quagliozzi, cat behavior consultant and owner of Go Cat Go! previously told Business Insider.

    For example, if your cat is scratching vertically on the side of your couch, they may prefer a vertical scratching post, Quagliozzi said. But if they scratch carpets or rugs, a horizontal scratch pad is more likely to satisfy them, he added.

    Most importantly, remember that every cat is different. This study highlights the importance of understanding the role that your cat's unique personality and environment, play in shaping their behavior, the researchers reported.

    Read the original article on Business Insider