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According to Bank of America, the most recent market pullback is a symptom of a "buffalo" market. Related stories"A buffalo market is still in the bull family," McGregor said. She expects that the buffalo market will roam around this summer before stabilizing into a bull market later this year. "We're expecting this earnings growth story to broaden beyond the Magnificent Seven in tech in the coming quarters." Bank of America believes small-caps could lead the stock market for the next ten years if interest rates come down and remain favorable.
Persons: , Marci McGregor, we've, McGregor, We're, Russell Organizations: Service, Nasdaq, Bank of America, Business, Energy, Vanguard Health Care Locations: Buffalo
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMetinvest has already made screens for Ukrainian tanks and said in June that it had made 25 screens, including for the US Abrams tank. Ukraine has received more than 300 Bradleys from the US, and has used them to transport troops and to target Russian armor, bunkers, and infantry. Global Images Ukraine | Getty ImagesThe vehicles are more maneuverable and repairable than some heavier armor and are also able to strike back. Related storiesBradleys have been filmed going head-to-head against Russia's armored vehicles, including Russia's most advanced tank, the T-90M.
Persons: , Oleksandr Myronenko, Myronenko, Metinvest, Pat Ryder, Bradley, it's Organizations: Service, Bradley, Ukraine's, Newsweek, Business, US Abrams, Getty, Pentagon Locations: Ukraine, Russian
Machine guns come in three types: we have light machine guns that chamber intermediate rounds and maximize weight savings; medium machine guns that offer more power with full-powered rifle rounds; and heavy machine guns that might weigh more than 100 pounds but provide light armor and barrier destruction as well as a longer range. SOCOM's new machine guns blend the medium and heavy machine gun types to create something novel. This new weapon seems ready to supplement or even replace the M2 heavy machine gun. This led to a demand for a gun that offers the range of a heavy machine gun with respectable power but without the weight. To put it simply, they want a weapon that weighs less than a medium machine gun but has the range of a heavy machine gun.
Persons: , Ma, it's, Cpl, Mary Kohlmann SOCOM, Norma Magnum chambering, Norma, SOCOM, Norma Magnum, SIG MG338, we'll Organizations: Service, Marine Corps, Business, BMG, NATO, US Army, SIG, Ohio Ordnance, Indigenous, Dynamics, Velocity, Ohio Ordnance Works, Facebook Locations: United States, Ohio
Read previewThe US hasn't dodged a recession, and the economy is slowing too quickly to nail a soft landing, according to top economist Steve Hanke. AdvertisementM2 money supply has contracted for most of the past two years, and grew by just 0.5% year-over-year in early June, according to Fed data. That compares to early 2021, when the M2 money supply grew at 27% as pandemic stimulus juiced economic activity. The growth rate of the money supply is also well-below the 6% growth rate Hanke estimates is on par with 2% inflation. "The average guy on the street corner knows that if they goose the money supply, you're going to get inflation.
Persons: , Steve Hanke, Johns Hopkins, Hanke, Julia La Roche, — we've Organizations: Service, Business, Federal Reserve, Fed, US, New York Fed Locations: New
View at AmazonThere are even more options for Prime Day Apple Watches, and Prime Day iPads still available in our other guides. For an extensive breakdown divided up by size, see our full roundup of Prime Day TV deals. View at AmazonThere are even more sleep deals where those came from — check out our roundups of the best Prime Day mattress deals and Prime Day pillow deals. Do I need to be an Amazon Prime member to buy Prime Day deals? Amazon Prime Day deals are comparable to Black Friday and Cyber Monday, with the main difference being that Amazon is the only participating retailer.
Persons: Siri, They're, you’ll, Jonathan Adler, it's, dehumidifier, vacs, Fryer, Foodi, Fry, fryer, MagSafe, Kate Spade, they're, Bose Smart, Ray Soundbar, Ray, Anker, Amazon Nathan James Hugo Wood Nightstand, Nathan James, Inaba, waddle, Dyson, , Gabrielle Chase, , we've, haven't Organizations: Business, Amazon, Apple, Amazon Apple, Apple Health, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Toshiba, LG, Dell, Galaxy, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Nintendo, Nova, Nova Pro, Logitech, Lightspeed, Mac, lounging, Amazon Canada, packers, Amazon Fisher, Prime, Chatelet Air, Dyson, Amazon Philips, Philips, Amazon Prime, Deal Locations: PopSockets, York
Prime Day TV dealsThis Prime Day, we're seeing some of the biggest price drops of the year on top TV models from our favorite brands. Prime Day laptop dealsLaptops go on sale year-round, but Prime Day is traditionally the best time of year to make a purchase. Prime Day mattress dealsMattresses go on sale several times a year, but few sales offer as lucrative mattress discounts as Prime Day. Prime Day Amazon device dealsDuring Prime Day, many of the best Amazon devices see their lowest prices ever. Prime Day travel dealsSummer travel is underway, and so are the best Prime Day deals on luggage and backpacks.
Persons: We've, AirPods, we've, Siri, Samsung's, They're, you’ll, He's, Jonathan Adler, it's, dehumidifier, Dyson, vacs, Crisp, we're, Fryer, Foodi, Fry, fryer, they're, Bose Smart, Ray Soundbar, Ray, Anker, You'll, iPhones, MagSafe, Kate Spade, scoped, Amazon Nathan James Hugo Wood Nightstand, Nathan James, waddle, Inaba, haircare, , Gabrielle Chase, , haven't Organizations: Business, Apple, Amazon Apple, Apple Health, Amazon, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Dyson, Upright, Toshiba, FlexBrew, Hamilton, LG, Dell, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Logitech, Seagate, ASUS, Meta, Nintendo, Nova, Nova Pro, Lightspeed, Mac, Google, Galaxy, lounging, packers, Amazon Fisher, Prime, today's, Chatelet Air, Amazon Canada, Amazon Philips, Philips, Amazon Prime, Deal Locations: November's, PopSockets, York
You can grab some of the best deals of the year on gaming laptops from Alienware, Asus, and MSI. View at AmazonThe best Prime Day Apple MacBook dealsIf you're looking to buy any of Apple's MacBook laptops, now would be the time to do it. Apple's M3 MacBook Air offers the best bang for the buck for most people with fantastic performance and quality. Most people don't need the M3 Pro or M3 Max models, unless you want them for graphically intensive work. For gaming, even though Apple has made great strides in gaming performance, there's realistically only one option — a Windows gaming machine.
Persons: it's, Apple Organizations: Business, Asus, Max, Samsung, HP, Dell, Acer, Google, Amazon, MSI, Apple MacBook, Air, MacBook, Apple, MacBook Air, Intel, AMD, AAA, Amazon Prime
MacBook laptops can enjoy deals here and there throughout the year, but Prime Day offers the best guarantee of a deal if not the best deal. Right now, you can take $200 off the new 13-inch MacBook with the M3 processor or grab the latest M3 Pro 16-inch MacBook Pro model at an all-time low price. M1 users will notice a considerable improvement, and if you're still using an Intel MacBook Pro, this will basically blow your socks off. If you like larger displays without spending MacBook Pro money, there's a 15-inch model of the M3 MacBook Air, too. If you're looking for ultimate value, Apple still sells the M2 MacBook Air, which introduced Apple's long-overdue design refresh to the MacBook Air series.
Persons: it's, there's Organizations: Business, Air, MacBook, Apple, Pro, Max, Amazon Prime
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Persons: haven't, they're, Apple, We're, Siri, we'll, doesn't, Amazon Nathan James Hugo Wood Nightstand, Nathan James, we've, Dyson, you've, it's, fryer, Bose Organizations: Business, Echo, Amazon, Apple, Amazon Apple, Apple Health, Amazon Prime, Olympics, Sony, LG, Samsung, Dolby, Amazon Samsung, lounging, Amazon Philips, Philips, Bose, Amazon Sony WH
Among the wartime additions to Ukraine's arsenal is the US-made Bradley fighting vehicle, a formidable asset that continues proving its worth on the battlefield several decades after it first saw combat. A 'very effective' infantry fighting vehicleThe Bradleys were built as a response to the Soviet infantry fighting vehicles and entered service in the 1980s. A Bradley fighting vehicle from the US Army 2nd Armored division drives through Saudi Arabian desert on Jan. 18, 1991. Hassani RiberaThe Bradley infantry fighting vehicle is lighter than an Abrams tank by roughly 40 tons. Ukrainian soldiers on a Bradley infantry fighting vehicle near Avdiivka on Feb. 23, 2024.
Persons: , Bradley, Abrams, Kyiv didn't, Mark Cancian, Sadayuki Mikami, Ukraine's Abrams, Bradley isn't, Ribera, Tayler P, Schwamb, Pat Ryder, Bradleys, Cancian, What's, scrappy, GENYA SAVILOV Organizations: Service, Russia, Business, Abrams, Kyiv, US Marine Corps, US Army 2nd, AP, Bradley, US Army, Pentagon, Ukraine, Army, US Army National Guard, Spc, M1A2 Abrams, Tank, Marine Corps Base, 47th Mechanized Brigade, Center for Strategic, International Studies, intel, Getty, XM30 Mechanized Infantry, US, 47th, Mechanized Brigade Locations: Ukraine, US, Iraq, Saudi, Kyiv, Trzebien, Poland, Pendleton, Ukraine's Donbas, Anadolu, Avdiivka, Afghanistan, Ukrainian, Bradley, Western
Novo Nordisk said Tuesday that its Wegovy weight loss treatment has been approved in China for long-term weight management, opening up the blockbuster drug for sale in the world's second largest economy. China's National Medical Products Administration "recently" approved the weekly injectable drug, Novo Nordisk said in a press release on the Chinese version of its website, according to Google translate. Novo Nordisk did not immediately respond to CNBC's request for further information on the proposed pricing and rollout timeline of the drugs. The company's Ozempic diabetes drug was approved in 2021 and saw sales in the greater China region double last year. On Monday, Novo Nordisk announced it is investing $4.1 billion to expand its manufacturing in the U.S.
Persons: , Eli Lilly Organizations: Novo Nordisk, Medical Products Administration, Google, Reuters, National Health Commission, U.S Locations: China, Danish, London, Clayton , North Carolina
China new bank loans rise in May, but well below forecasts
  + stars: | 2024-06-14 | by ( ) www.cnbc.com   time to read: +1 min
Chinese banks extended 950 billion yuan ($130.93 billion) in new yuan loans in May, rising from April but missing analysts' expectations. Analysts polled by Reuters had predicted loans would rise to 1.255 trillion yuan in May from 730 billion yuan in April, but would still be below the 1.36 trillion yuan issued in the same month a year earlier. The PBOC said new loans totalled 11.14 trillion yuan for the first five months of the year. M2 grew 7.2% in April from a year ago. Outstanding yuan loans rose 9.3% last month from a year earlier compared with 9.6% growth in April.
Organizations: Reuters, People's Bank of, Analysts Locations: People's Bank of China
Apple’s AI: We’ve seen some of this before
  + stars: | 2024-06-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +6 min
On the other hand, however, other AI tools look familiar from what we’ve seen on the market. Ahead of the demo, the company emphasized that the majority of the new tools are powered by Apple Intelligence. If you want your email to sound more professional, or more friendly, Apple says its AI will take a stab. Siri’s AI flexApple really flexes its AI muscle, however, when it comes to Siri, which Apple says is taking a massive step forward by becoming more contextually relevant and more personal. In the demo, Apple showed how someone could upload a picture of vegetables at a farmer’s market and ask what they could make for dinner.
Persons: , they’re, , Siri, Craig Federighi, It’ll, they’ve, OpenAI, Apple, Genmoji, Roger Federer, he’s, it’s Organizations: CNN, Developers, Apple, “ Apple Intelligence, Apple Apple Intelligence, Google, Samsung, Catering, Apple Intelligence
Read previewThis as-told-to essay is based on a conversation with Matthew Bennett, a 25-year-old mining equipment brokerage representative in Austin. We were able to afford a luxury trip for our 2nd anniversaryWe've been contemplating moving to California in the future, so I planned a trip to Los Angeles to celebrate our two-year wedding anniversary. It was our first luxury trip as a married couple, and we stayed in four-star hotels, rented a luxury car to drive, and enjoyed fine dining at upscale restaurants. Although we're paying significantly more in rent, it's worth every penny for the experiences we've had so far in Austin. AdvertisementWe have one other goal before we have kids: To open a coffee shop.
Persons: , Matthew Bennett, Brooke, We've, we've, DINK Organizations: Service, Business, BMW, Saab, Toyota Corolla, Rover Locations: Austin, California, Los Angeles, San Antonio
The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed asset investment for April on Friday. Some of the weakness speaks to genuine sluggish demand in China at present. The firm expects this week's economic data releases to show a "softening in economic momentum," affirming its forecasts for the central bank to cut rates by the end of June. "Some of the weakness speaks to genuine sluggish demand in China at present," said Hui Shan, Goldman Sachs' China chief economist, in a note Sunday. Businesses' loan demand fallsNew bank loans to businesses and government organizations dropped sharply in April from March, as did new loans to households, according to official data accessed through Wind Information.
Persons: Hui Shan Goldman Sachs, Louise Loo, Goldman Sachs, Hui Shan, Goldman, RRR, Pan Gongsheng Organizations: Visual China, Getty, BEIJING, National Bureau, Statistics, Reuters, Finance, Oxford Economics, People's Bank of, Information, Clocktower, CNBC Locations: Lianyungang, Jiangsu Province, China, , Beijing, People's Bank of China
I've been testing the new iPad Pro for several days and what I found is that it's a very nice iPad. The game will look better once Activision Blizzard releases an update enabling improved graphics for the M4 iPad Pro. 2024 13-inch Apple iPad Pro Todd Haselton | CNBCThe new iPads Pro support Apple's updated $350 Magic Keyboard for iPad Pro (the 11-inch version is $300). 2024 13-inch Apple iPad Pro Todd Haselton | CNBCThe updated Apple Pencil Pro is also a lot of fun. What's bad2024 13-inch Apple iPad Pro Todd Haselton | CNBCHere's my biggest gripe about the Pro models: The software, iPadOS, is what you'll get on any other iPad.
Persons: I've, Apple hasn't, Christoph Dernbach, Diablo, it's, Todd Haselton, hasn't, Apple, Slack, you've, Tim Cook Organizations: Apple, Getty, Pro, Activision Blizzard, CNBC, CNBC Here's, Conference, WWDC Locations: It's, 10hz
A Ukrainian platoon has shot down all of the drones it's encountered, its captain told The Guardian. Oleksandr Zhygun said his soldiers are using "antiquated" guns to do it, per the outlet. AdvertisementA Ukrainian captain operating near Kyiv said his platoon has shot down every Russian drone it has encountered, despite having what he describes as "antiquated" guns. But in eastern Ukraine, Ukrainian troops are struggling against Russia's night-vision drones, a Ukrainian soldier told the Kyiv Post last month. Asked whether Ukraine could still win the war, Zhygun told The Guardian it was a "difficult" question and that they needed more air defense systems.
Persons: Oleksandr Zhygun, , Zhygun's Kalashnikov, Yehven, Dolin, Zhygun, Ukraine's Organizations: Ukrainian, Guardian, Service, Ukraine's 241st Brigade, Territorial Defense Forces, Soviet Union, Patriot, Republicans, The Institute Locations: Ukraine, Soviet, Kyiv, Afghanistan, Ukrainian, Kyiv Post, Russia, Ukraine's, Avdiivka
We got an inside look at how new United States Army field artillery soldiers are trained at the Field Artillery School in Fort Sill, Oklahoma. Jeremiah Driscoll, a cannon crew member instructor, walked us through 41 essential items an artillery soldier would bring on a mission. While some of Driscoll's gear is used by other units in the US Army, he showcased artillery-specific items like the M2 collimator and the fire-control computer.
Persons: Jeremiah Driscoll Organizations: United States Army, Field Artillery School, Staff, US Army Locations: Fort Sill , Oklahoma
The new iPad Pro can get pricey when it comes to upgrades. In an announcement that Apple CEO Tim Cook described as the "biggest day for iPad since its introduction," the tech giant launched brand new iPad Air and iPad Pro models along with a new Pencil Pro stylus and a Magic Keyboard. The iPad Pro comes with a new OLED display and up to two terabytes of storage. AdvertisementIf the $3,000 range is too steep, Apple also dropped the price of its 10th-generation iPad to $350 on Tuesday. Though older, it's still compatible with previous generations of the Pencil and Magic Keyboard Folio.
Persons: , Tim Cook Organizations: Service, Apple, Business
Apple revealed new iPad Air and iPad Pro models at its "Let Loose" event on Tuesday. The iPad Pro models are the first to feature OLED displays with deeper contrast. AdvertisementApple overhauled its iPad lineup on Tuesday during its "Let Loose" event in California — including fancy new screens for its top-of-the-line "Pro" models. AppleThe iPad Air comes in four colors: a new blue, a new purple, and the usual Starlight and Space Gray. Related storiesBut the standout feature is the new screens, which are the first OLED displays in the iPad lineup.
Persons: Apple, , Tim Cook Organizations: Service, Apple, Gray, Apple Apple Locations: California
In a pre-recorded live streamed event from its Cupertino, California headquarters, the company introduced the latest versions of its iPad Pro and iPad Air tablets, and an all-new Apple Pencil Pro. CEO Tim Cook said Wednesday’s announcement marked “the biggest day for iPad since its introduction.”At the heart of the new iPad Pro is Apple’s new custom M4 processor, which delivers 4 times the performance as its existing iPad Pro models. The latest iPad Pro comes in two sizes: 11 inches and 13 inches. The iPad Pro comes in two finishes, silver and space black. The iPad Air is powered by Apple’s custom M2 processor with faster GPU and neural engine that’s 50% faster than the previous iPad Air.
Persons: Tim Cook, Cook, Apple, , it’s Organizations: CNN, Apple, Developers Conference, iPad Locations: Cupertino , California, China
You can now get an iPad for just $349
  + stars: | 2024-05-07 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +2 min
Apple revealed the 10th-generation iPad will now be available for $349. The lower-cost iPad supports Apple Pencil, Magic Keyboard, and offers 4K resolution. The iPad 10th generation is now available for $349 — that's about $100 less than what it came out as in 2022. Related storiesCook referred to the new offering as a "more affordable entry-level iPad with an all-screen design." The iPad 10th generation is $250 less than the iPad Air and $650 less than the iPad Pro.
Persons: Apple, , Tim Cook, Cook Organizations: Service, Apple, Pro, Air Locations: California
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Jerome Powell, Jim Cramer's, Stanley Black, Decker, Cramer, Jim, That's, there's, Nelson Peltz, Peltz, We've, we'll Organizations: CNBC, Federal, Logitech, After West Texas, Energy Department, Strategic Petroleum Reserve, Susquehanna, Disney, Developers, Apple, Wynn Resorts, Arista Networks, Rivian, Occidental Petroleum, Bros, Reddit, Emerson Electric, Jim Cramer's Charitable Locations: FirstSource, After, Macao, Las Vegas, Occidental, Lyft
Apple announces new iPad Pro with M4, new iPad Air tablets
  + stars: | 2024-05-07 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
watch nowApple on Tuesday announced new versions of its iPad Air and iPad Pro tablets, in a short video posted on its website. The iPad Pro, Apple's most expensive and advanced tablet, will come in two sizes, a 11-inch model and a 13-inch model, Apple said. The smaller iPad Pro starts at $999, and the larger 13-inch model starts at $1299 with 256GB of storage, a slight price increase from its predecessor. The new iPad models use a new Apple chip called the M4, an update from the M3 chips that currently power Apple's laptops. The iPad Pro comes with a 12 megapixel rear camera that can record 4K video, according to Apple.
Persons: Tim Cook, Apple, Todd Haselton, John Ternus, Todd Haselton Apple Organizations: Apple, CNBC
The Pentagon plans to replenish the powerhouse brigade with Bradley fighting vehicles, Forbes said. AdvertisementUkraine's hard-fighting 47th Mechanized Brigade is battle-weary and urgently needs US support, Forbes reports. Trained by NATO instructors, the 47th Brigade all-volunteer unit is one of Ukraine's powerhouse brigades. Russia's 30th Motor Rifle Brigade took advantage of the rotational lapse as the 47th Brigade withdrew and attacked, capturing a large swathe of territory. AdvertisementBeyond material support and tactical adjustments, the 47th Brigade needs a reprieve from the relentless cycle of conflict.
Persons: Bradley, Forbes, , Putin, Bradley IFVs, Bradley IFV, ince Organizations: Pentagon, Service, Mechanized Brigade, Forbes, NATO, 47th Brigade, M1, Bradley, Ministry of Defense, 47th Mechanized Brigade, ust Locations: Ukraine, Stepove, Avdiivka
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