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☆ A Russian company is bartering chickpeas for Pakistani rice as sanctions stop payments
▼ + stars: | 2024-10-01 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

A Russian company will reportedly barter chickpeas and lentils for Pakistani tangerines and rice. One Russian company is planning to barter chickpeas and lentils for Pakistani tangerines, rice and potatoes, according to a Tuesday report from Russian state-run news service Tass. AdvertisementThe company will also trade 15,000 tons of chickpeas and 10,000 tons of lentils for 10,000 tons of potatoes and 15,000 tons of tangerines from the Pakistani company. AdvertisementRussia also passed a bill in July that will allow trade payments in crypto. Even Chinese banks, the smaller of which were a key processor for Russian payments, have stopped offering support in recent months.

Persons: —, Russia's, Bloomberg Organizations: Service, Tass, Femtee Trading Company, Financial Times, Bank of Locations: Russian, Russia, China, Ukraine, India, Afghanistan, Iran, Bank of Russia

☆ The port strike will tip the US into recession if it lasts more than a month, researcher says
▼ + stars: | 2024-10-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The port strike could spark a US recession if it lasts four weeks or longer, Sea-Intelligence's Alan Murphy said. AdvertisementThe economy could see a hard landing if the ongoing port strike lasts long enough, according to one industry researcher. Alan Murphy, the CEO of the liner research firm Sea-Intelligence, estimates the US could tip into recession if the port strike lasts longer than a month. AdvertisementIf the strike lasts longer than a week, importers will likely have a "manageable crisis" on their hands, Murphy said. "By estimates, it's almost certain to push the US into a recession this year if it lasts longer than a month," he added.

Persons: Alan Murphy, —, Murphy, Biden Organizations: Shipping, Service, Intelligence, NBC, International Longshoremen's Association, US Maritime Alliance Locations: Gulf Coast

☆ Archaeologists unearth more than 50 Viking skeletons at huge burial site
▼ + stars: | 2024-10-01 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +5 min

CNN —Archaeologists in Denmark have unearthed more than 50 “exceptionally well preserved” skeletons in a large Viking-era burial ground in the east of the country. The skeletons were buried alongside artifacts from far beyond Denmark’s borders, suggesting Vikings traveled extensively for trade, according to the team from the museum. The conditions at the site are what helped keep the skeletons in such good shape, he said. “We had no clue that there was going to be a burial ground with Viking skeletons there,” Lundø said. A conservator at Museum Odense displays a brooch found in a Viking-age burial site during an interview with journalists in Odense, Denmark, September 25, 2024.

Persons: Michael Borre Lundø, ”, Tom Little, ” Lundø, Tom Little Tom Little, Reuters Lundø, “, Åsum, Lundø, “ That’s Organizations: CNN, Archaeologists, Museum, Vikings, Reuters Archaeologists, Odense, REUTERS, Reuters Locations: Denmark, Museum Odense, Denmark’s, Åsum, Odense, Norway, Asum, Copenhagen, Danish

Hurricane Helene ravaged western North Carolina over the weekend, leaving behind a trail of death and devastation. North Carolina emergency crews were racing Monday to deliver food and other essential supplies to areas hit hard by Helene. At least 40 people were dead in Buncombe County, home of the thriving mountain city of Asheville, according to law enforcement officials. Photos and videos from Asheville, home to some 95,000 people, captured harrowing scenes and showed neighborhoods rendered unrecognizable by Helene’s impact. The approximately 44 people dead in North Carolina represent a third of all fatalities from the storm.

Persons: Helene, Roy Cooper, Will Overfelt, ”, John Finley, Karol Chase, Jonathan Collier, “, Buncombe County Sheriff Quentin Miller, ” Miller, ” Helene, Melissa Sue Gerrits, NBC’s, Buncombe, ” Lillian Govus, Mark Goldthwaite, “ It’s, Joe Biden, Harris, Biden, Jessica Drye Turner, Turner Organizations: ”, NBC News, Mobile, Gatorade, Health, Buncombe County Sheriff, Homes, Biltmore, Asheville, NBC, Biden, White, Facebook Locations: North Carolina, Carolina, Buncombe County, Asheville, Charlotte, Florida , Georgia, South Carolina, Florida, Appalachia, Boone , North Carolina, Biltmore, Black, “, Florida’s Big Bend, Georgia, Carolinas, Tennessee

California has become the first state in the nation to prohibit school cafeterias from serving foods that contain six artificial dyes tied to health and behavioral problems. Known as the California School Food Safety Act, it outlaws Red 40, Yellow 5, Yellow 6, Blue 1, Blue 2 and Green 3 from the meals, drinks and snacks served at public schools statewide. “We’re feeling really proud of the fact that we are changing the national conversation around food safety,” he said in a phone interview. The International Food Additives Council, a trade organization, said in a statement that state-specific legislation such as the California School Food Safety Act undermines the FDA. Gabriel said he hoped the new California law will prompt more change on the federal level.

Persons: Gavin Newsom, Bill, Jesse Gabriel, haven’t, ” Gabriel, ”, Newsom, “, Gabriel, FDA hasn’t, ” Brian Ronholm, Gabriel . Organizations: Gov, California School Food Safety, Democratic, Food and Drug Administration, Environmental Health, European Union, Centers for Disease Control, FDA, Consumer, Food, California School Food, California Food Safety Locations: California, United Kingdom, United States

☆ Japan’s incoming leader calls general election as he seeks to unify party
▼ + stars: | 2024-09-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

TOKYO — Japan’s incoming prime minister, Shigeru Ishiba, said Monday that he will call a general election for Oct. 27 following his victory in one of the closest-ever leadership races for the governing Liberal Democratic Party. Lawmakers there will meet on Tuesday to confirm Ishiba as the country’s next prime minister. Ishiba on Monday began picking government and party officials who will contest the upcoming general election with him. Ishiba, 67, won the LDP leadership race on his fifth attempt with strong backing from rank-and-file members. Before his runoff election against Takaichi on Friday, Ishiba apologized to LDP lawmakers for his “shortcomings.”

Persons: Shigeru Ishiba, Ishiba, ” Ishiba, Katsunobu Kato, Yoshimasa Hayashi, Takeshi Iwaya, Gen Nakatani, Yoji, Takaichi, ”, Hiroshi Shiratori, Shinjiro Koizumi, Yoshihide Suga, Koizumi Organizations: Liberal Democratic Party, U.S, Reuters, Media, Hosei University, Takaichi Locations: TOKYO, Tokyo

In support of Hamas and Palestinians, Hezbollah and the Houthis have launched regular attacks on Israel over the past year. The Shiite group emerged out of Israel’s invasion of Lebanon in 1982. In 2006, Hezbollah and Israel fought a war for 34 days, which ended with no clear victor. The Houthis: The Shiite group, bolstered by Iranian weapons and technology, has been fighting Saudi-backed forces for more than a decade in Yemen’s civil war. Hamas: The group emerged in 1987 as an offshoot of the Muslim Brotherhood, a Sunni Islamist group from Egypt.

Persons: ”, Israel Organizations: US Locations: Israel, Iran, Lebanon, Yemen, Iran’s, Iraq, Syria, Gaza, Saudi, Red, Egypt

☆ China is a short to medium-term trade, says Hightower's Stephanie Link
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is a short to medium-term trade, says Hightower's Stephanie LinkStephanie Link, Hightower Advisors chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, what to make of the China stock rally, and more.

Persons: Stephanie Link Stephanie Link, Hightower Organizations: China, Hightower Advisors Locations: China

☆ UK's Rightmove rejects sweetened $8.3 billion bid from Murdoch's REA Group
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +2 min

Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, U.S. September 23, 2024. British real estate portal Rightmove rejected a sweetened $8.29 billion takeover bid from Rupert Murdoch's Australian property listing firm REA Group on Monday, saying the fourth bid still undervalued the company. That gave Rightmove an implied value of 781 pence per share, about a 3% increase over the previous bid. Rightmove said that during the discussions, REA had requested to extend the deadline to allow it to consider a potential fifth proposal. The U.K. company looks primed for a steady recovery from a property market downturn as the potential for more rate cuts boosts sentiment in the U.K. housing sector.

Persons: Rupert Murdoch, Rupert Murdoch's, REA, Rightmove, Andrew Fisher, Hamish McLennan, Rightmove's Organizations: REA Group, Murdoch's News Corp, REA, OnTheMarket Locations: Reno , Nevada, U.S, British, U.K

☆ Disney lands an upgrade — plus, why we're considering adding to this laggard stock
▼ + stars: | 2024-09-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Don't overlook Disney : Shares of Club name Disney have quietly put together a solid September, up about 6% in the month. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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.

Persons: Jim Cramer, Jerome Powell, Powell, we've, Jim Cramer's, Coterra, McCormick, We'll, Jim Organizations: CNBC, Federal, National Association for Business Economics, Disney, Seaport Research, Seaport, Energy, Coterra Energy, Jim Cramer's Charitable Trust, Jim Cramer's Charitable Locations: Nashville

☆ Waiting for clarity on Ishiba's impact on JPY: Strategist
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWaiting for clarity on Ishiba's impact on JPY: StrategistRichard Franulovich, Head of FX Strategy at Westpac Institutional Bank, says he expects the Japanese yen to trade through 140 for now, affected more by the Fed & dollar direction as markets wait for clarity over the impact of Shigeru Ishiba's election as Japan's prime minister.

Persons: Richard Franulovich, Shigeru Ishiba's Organizations: FX, Westpac Institutional Bank, Fed

☆ Jim Cramer sees Abbott becoming a buying opportunity — but says timing is key
▼ + stars: | 2024-09-30 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. A lower S & P 500 close Monday might break the Oscillator's overbrought streak of nine trading days. 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.

Persons: Jim Cramer, we've, Jim, Louis, Abbott, St . Louis, Stocks, Jim Cramer's, ABT Organizations: CNBC, Wall, Nasdaq, Dow, Abbott Laboratories, JPMorgan, CVS Health, Ford, General Motors, PayPal Locations: St, St .

In spite of this, many buyers are holding off since mortgage rates are expected to continue going down. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are around 5.60%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Now that the Fed has cut rates, mortgage rates may not drop much in October.

Persons: you'll, Freddie Mac, it's, they've Organizations: Federal Reserve, Fed, Zillow Locations: Chevron

☆ Israeli commandos raid Lebanon — the latest sign Netanyahu is ignoring Biden's warnings
▼ + stars: | 2024-09-30 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPrime Minister Benjamin Netanyahu is rapidly escalating Israel's campaign against its regional foes and trampling on US diplomatic efforts in the process. In the latest sign he's ignoring US warnings, The Wall Street Journal reported that Israeli special-operations forces were carrying out raids into southern Lebanon as the possibility of a ground incursion this week loomed. Getty Images"We are shocked," one US official told CNN after Netanyahu rejected the cease-fire proposal before Israel launched its attacks. It's the latest instance of the Israeli leader ignoring or rejecting Biden's attempts to restrain Israeli military action in Gaza and, more recently, Lebanon.

Persons: Israel's Benjamin Netanyahu, Biden, —, Benjamin Netanyahu, Amir Avivi, Avivi, Fateh Sherif Abu el, Amin, Hezbollah's, Hassan Nasrallah, Israel's, Joe Biden, Gilbert Achcar, Jasmine El, Obama, He's, Netanyahu, Israel, Nasrallah, he's, Richard Dannatt, hadn't, Dannatt, It's, Sarah Leah Whitson, Jake Sullivan, Antony Blinken, Blinken Organizations: Service, Street Journal, IDF, Hamas, SOAS University of London, US Marine Corps, Getty, CNN, Israel, British, East, Sky News, Foreign Relations, Political, Military Affairs, United Nations, White Locations: Israel, Lebanon, Beirut, Iran, Gaza, France

☆ Yen steadies, dollar slips as China reaches for stimulus
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +3 min

Japanese 10,000 yen banknotes and U.S. one-hundred dollar banknotes are arranged for a photograph in Tokyo, Japan. The yen slipped about 0.4% to 142.75 per dollar after jumping 1.8% on Friday. European inflation data on Tuesday and Chinese data due later on Monday are also keenly awaited. The New Zealand dollar was up 0.3% at $0.6360 after hitting its highest since December on Friday. "The trend over next year or so is for the dollar to go down," said Commonwealth Bank of Australia strategist Joe Capurso.

Persons: Shigeru Ishiba, Ishiba, Ray Attrill, Joe Capurso Organizations: Liberal Democratic Party, NHK, Bank of Japan, National, New, New Zealand, U.S, U.S . Federal, Commonwealth Bank of Australia Locations: Tokyo, Japan, National Australia, China, U.S .

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Cerebras competes with Nvidia , whose graphics processing units are the industry's choice for training and running AI models. In addition to selling chips, Cerebras offers cloud-based services that rely on its own computing clusters. For the full year of 2023, Cerebras reported a net loss of $127.2 million on revenue of $78.7 million. Cloud providers Amazon , Google and Microsoft have developed their own AI chips.

Persons: Andrew Feldman, Cerebras Organizations: Cerebras Systems, Systems, Nasdaq, Cerebras, Nvidia, Google, Microsoft Locations: Toronto, UAE

☆ GE Healthcare has been an under-the-radar winner — and a new catalyst just arrived
▼ + stars: | 2024-09-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Wall Street currently sees GE Healthcare earning $6.72 per share in 2028, according to FactSet, up from $4.25 projected this year. GE Healthcare has been a stock we've been battling since its steep slide during the second quarter. That dynamic — coupled with the positive China stimulus announcements in recent days — turned GE Healthcare into one of our top-performing stocks in the third quarter . A PET scan using Flyrcado has better diagnostic efficacy than SPECT scans, according to GE Healthcare. GE Healthcare may also see a recovery in its China business due to the roll out of medical-focused stimulus spending .

Persons: Wells, Flyrcado —, Wells Fargo, Flyrcado, FactSet, Jim Cramer, —, Jim, Leqembi, Eli Lilly, Stifel, Jim Cramer's, Yi Haifei Organizations: GE Healthcare, GE, Food and Drug Administration, Wall, FDA, Federal, Club, CDC, Management, CNBC, Fair for Trade, Services, China National Convention Center, China News Service, Getty Locations: China, U.S, Beijing

☆ East Coast port strike: What's at risk for the U.S. economy if ILA longshoreman walk
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEast Coast port strike: What's at risk for the U.S. economy if ILA longshoreman walkA strike by the ILA union at East Coast and Gulf Coast ports puts billions in trade at risk. CNBC's Lori Ann Larocco reports on the key data points underpinning the potential economic fallout.

Persons: CNBC's Lori Ann Larocco Organizations: ILA, East Locations: U.S, East Coast, Gulf Coast

☆ Why Damian Lewis is herding sheep in London
▼ + stars: | 2024-09-30 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

Hollywood actor Damian Lewis abandoned his ewe-sual starry pursuits this weekend to drive a group of sheep over a bridge in London. Lewis’ temporary role of shepherd was part of a tradition dating back hundreds of years. The City of London – London’s traditional financial hub – is known as the Square Mile, although it actually covers 1.12 square miles. In a statement from the organizers prior to the event, Lewis expressed his excitement about leading the sheep drive. “As a proud London Welshman, playing the drover and driving my sheep, as if from Llandeilo, across The Thames, will be a career highlight.

Persons: London CNN —, Damian Lewis, Lewis ’, ”, Lewis, London Ben Stansall, “, ” Lewis, Freeman Organizations: London CNN, City of, Getty, City, “, Brothers, London Locations: London, City, City of London, AFP, The

☆ FTC clears Chevron-Hess deal, bans John Hess from board
▼ + stars: | 2024-09-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

John Hess, chief executive officer of Hess Corp., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 19, 2024. The Federal Trade Commission has banned Hess Corp . CEO John Hess from Chevron 's board as a condition for the oil companies' $53 billion merger to move forward. Hess Corp. and Chevron, however, have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger, according to the companies. The FTC voted 3 to 2 in favor of the order banning Hess from Chevron's board.

Persons: John Hess, Hess, Lina Khan, Andrew Ferguson, Hess's, Ferguson, Scott Sheffield Organizations: Hess Corp, P Global, Federal Trade Commission, Chevron, FTC, ., Exxon Mobil, Exxon, Democratic, Natural Resources, OPEC Locations: Houston , Texas, Chevron, Guyana, U.S

☆ UK coal-burning for electricity to end as last power plant shuts down
▼ + stars: | 2024-09-30 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

CNN —Britain’s last coal-fired power plant will close on Monday, ending 142 years of coal-generated electricity in the nation that sparked the Industrial Revolution. The Ratcliffe-on-Soar station in central England is to finish its final shift at midnight, after more than half a century of turning coal into power. The UK government hailed the closure as a milestone in efforts to generate all of Britain’s energy from renewable sources by 2030. We owe generations a debt of gratitude as a country.”An aerial view of the Ratcliffe-on-Soar Power Station emitting steam on January 10, 2024 in Nottingham, England. An archive image dated to 1964 of Ratcliffe-on-Soar Power Station under construction.

Persons: CNN —, Ratcliffe, Uniper, Michael Shanks, Christopher Furlong, ”, Thomas Edison’s, Dhara Vyas, ” Vyas Organizations: CNN, Britain, Energy, Thomas Edison’s Edison, National Grid Locations: Soar, England, Sweden, Belgium, Nottingham, London, Uniper

☆ Levels to watch on the Nvidia chart from Katie Stockton after a poor third quarter for AI leader
▼ + stars: | 2024-09-30 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Katie Stockton Organizations: Nvidia, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: NVDA

☆ Gold pulls back but dovish Fed sets it for best quarter since 2016
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +2 min

Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Spot gold was down 0.2% at $2,653.38 per ounce, as of 0404 GMT, owing to a rise in the U.S. dollar . A stronger dollar makes gold less attractive for other currency holders. Bullion has risen slightly over 14% so far this quarter, its best since January 2016. This boosted expectations of an another outsized interest rate cut at the Fed's November policy meeting.

Persons: Tim Waterer, nonfarm, Jerome Powell, Michelle Bowman, Waterer Organizations: U.S ., Federal, KCM, U.S, Sunday Locations: Siberian, Krasnoyarsk, Russia, U.S, Israel, Yemen, Lebanon

☆ Japan's incoming PM Ishiba calls election for Oct 27, seeks to unify party
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +3 min

Newly-elected leader and sitting chairperson of the Liberal Democratic Party (LDP) Shigeru Ishiba speaks during a press conference following his election in the party leadership elections on September 27, 2024 in Tokyo, Japan. Lawmakers there will meet tomorrow to confirm him as the country's next prime minister. Japan's incoming prime minister, Shigeru Ishiba, said on Monday he will call a general election for Oct. 27 following his victory in one of the closest ever leadership races for the ruling Liberal Democratic Party. Ishiba on Monday began picking government and party officials who will contest the upcoming general election with him. Ishiba, 67, won the LDP leadership race on his fifth attempt with strong backing from rank-and-file members.

Persons: Shigeru Ishiba, Ishiba, Katsunobu Kato, Yoshimasa Hayashi, Takeshi Iwaya, Gen Nakatani, Yoji, Takaichi, Hiroshi Shiratori, Shinjiro Koizumi, Yoshihide Suga, Koizumi Organizations: Liberal Democratic Party, U.S, Reuters, Media, Hosei University, Takaichi Locations: Tokyo, Japan

☆ Apple’s iPhone 16 hasn’t gotten a hot start, analysts estimate, but some still counting on ‘super cycle’
▼ + stars: | 2024-09-30 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

Apple needed the iPhone 16 to be a big seller after years of sluggish iPhone sales. In particular, demand for the higher priced iPhone 16 Pro devices were down sharply year-over-year compared with the iPhone 15 launch. Analysts say there appears to have been greater demand for the lower priced iPhone 16 and iPhone 16 Plus devices than the Pro and Pro Max, which could affect the average selling price and overall iPhone sales revenue. In the first weekend of presales, Apple sold 9.8 million iPhone 16 Pros and 17.1 million iPhone 16 Pro Max devices, down 27% and 16% year-over-year, respectively, according to Kuo. “It’s all about a monster holiday quarter and the supercycle begins for iPhone 16 in our view,” Ives told CNN in an email.

Persons: New York CNN — Apple, Long, It’s, it’s, Chi Kuo, Dan Ives, Angelo Zino, Pro Max, Kuo, Zino, ” Zino, ” Kuo, Lex Chiew, CFRA’s Zino, Mike Sievert, “, ” Ives Organizations: New, New York CNN, Apple, TF International Securities, Research, Pro, Apple Intelligence, iOS, Mobile, CNBC, CNN Locations: New York, China, ”, presales

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