DIRS.INFO The most relevant business & tech news

☆ Amazon employees speak out about Jeff Bezos's WaPo decision, with some supporting his call, leaked messages show
▼ + stars: | 2024-10-30 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +6 min

In leaked messages, Amazon employees are divided, with some supporting his call. Related storiesSome Amazon employees agreed, according to the Slack messages obtained by BI. Other Amazon employees said it was "silly" and "sad" to see so many Washington Post readers cancel their subscriptions over the endorsement issue. 'Suspicious and worrisome'Still, some of Amazon employees who weighed in on the company's internal Slack were suspicious of Bezos's true motivation. Other Amazon employees were more blunt, saying they were going to cancel their own Washington Post subscriptions.

Persons: Jeff Bezos, —, Jeff Bezos's, Bezos, Slack, Donald Trump, I'd, Trump, Dave Limp, Matt Garman, he's, It's, it's Organizations: Washington Post, Amazon, Service, Business, BI, Democratic, Spokespeople, Washington, Blue, Trump Locations: Amazon, Washington

☆ Consumer confidence surges as election nears, while job openings move lower
▼ + stars: | 2024-10-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board's consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. "Views on the current availability of jobs rebounded after several months of weakness, potentially reflecting better labor market data." The drop in openings took the ratio of job vacancies to available workers below 1.1 to 1. Though the openings level moved lower, hires rose 123,000 on the month.

Persons: Dow Jones, Dana Peterson Organizations: Labor Locations: U.S

A North Carolina man's used a $20 bill he discovered on the ground to purchase a lottery scratch-off ticket that won him a $1 million top prize, officials said. NC LotteryThe find was made Oct. 22 outside a Speedway gas station and convenience store in Boone, North Carolina, the NC Education Lottery said in a statement Friday. He told lottery officials he'll use the money to help his children and to retire after more than five decades as a carpenter, according to the NC Education Lottery statement. On Monday, NC Education Lottery officials said Cynthia Moore of Smithfield was the first, $1 million top-prize winner for its Cashword scratch-off game, introduced in August, after she purchased a $10 ticket at a market in Wilson. For two years in a row, lottery officials said in August, NC Education Lottery games have earned more than $1 billion for public schools and other education programs, contributing it to the state's more than $15 billion in annual education spending.

Persons: Carolina man's, Jerry Hicks, Hicks didn't, “, ”, Hicks, they’ve, Cynthia Moore Organizations: NC, Lottery, NC Education Locations: Carolina, Boone , North Carolina, Banner Elk, Avery County, North Carolina, Smithfield, Wilson

☆ The stock market’s best six-month period starts this week, especially for small caps
▼ + stars: | 2024-10-28 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The S & P 500 typically advances about 7% from November to April, compared to the index's average 2% rise from May to October, according to CFRA Research chief investment strategist Sam Stovall. This year's market strength follows a standout 20% gain for the S & P 500 in 2023's "best six months" period, he noted. "This double-dose of double-digit returns has caused investors to wonder if the market has used up its energy reserves and may be headed for tough times," Stovall wrote. .SPX YTD mountain The S & P 500 has advanced more than 22% in 2024. Stocks were bhigher on both Friday and Monday , with the S & P 500 trading within a hair's breath of this month's all-time high of 5864.67.

Persons: Sam Stovall, Russell, Stocks, Stovall Organizations: Stock Traders, Research, Investors Locations: U.S

☆ 19 cities where rent is falling fast, even as price hikes continue to frustrate consumers
▼ + stars: | 2024-10-27 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The glass-half-full view is that price increases for single-family rental units are rather low, at least compared to the surges early in the pandemic. There's a similar dynamic going on in the single-family rental market, according to Rentometer. Fewer single-family units to choose from means that tenants have less bargaining power and may be forced to accept rent increases. 19 cities where rent is quickly slidingAlthough rent broadly is on the upswing, there are many cities where single-family rental units are getting cheaper, even if they're admittedly few and far between. Below are those places, along with their average rent and rent growth in the third quarter, plus their region.

Persons: homebuyers, —, Rentometer Organizations: Service, Savings, Business Locations: Midwest, Northeast, Southeast

☆ 14 earnings reports and major economic data will be the stock market movers this week
▼ + stars: | 2024-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.

Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City

☆ 39-year-old makes about $18,000 a month in passive income without a college degree: 'I work only 4 hours a day'
▼ + stars: | 2024-10-26 | by ( Amy Landino | ) www.cnbc.com time to read: +1 min

Back in 2007, I dropped out of college, despite owing about $50,000 in student loans. Feeling uneasy about quitting school, I thought all I could do was grind it out at my job. But I'd found a passion that got me excited outside of work: video creation, which included capturing moments and telling stories. I was thrilled when I discovered this site called YouTube where I could upload my videos for free and share the links with friends. Fifteen years later, my fun hobby has become my career: It allows me to make about $18,000 a month in passive income, according to my calculations from a recent month's deposits, and work only four hours a day.

Persons: who'd, I'd Organizations: Facebook, Twitter

☆ These are 2024’s top trending Halloween costumes, according to Google
▼ + stars: | 2024-10-24 | by ( Oscar Holland | ) edition.cnn.com time to read: +2 min

Google’s annual “Frightgeist” list has unveiled 25 costume ideas the tech giant says are “trending” in the build-up to Halloween. An attendee at this month's New York Comic Con dressed as Bob from "Beetlejuice Beetlejuice." Google also looked at trending kids’ costumes (topped by Red from Disney’s “Descendants”), pet costumes (“Dogpool”) and costume pairs (Deadpool and Wolverine). Google has noted a spike in searches for “green and yellow track suit” and “green track pants" for users looking to emulate Australian breakdancer Raygun. “Frightgeist” also identified the year’s top trending party theme as “Beetlejuice,” while the “spooky foods” category was topped by “mummy hot dogs.”Here are this year’s top 25 trending costumes, according to Google Trends:

Persons: CNN —, Raygun, Playtime, Deadpool, Sabrina Carpenter, York Comic Con, Bob, Charles Sykes, Joy —, Chipotle burritos, Soulja Boy, “, Disney’s, ”, Elsa, Getty, Dolly Parton, Ron Burgundy, Frightgeist ” Organizations: CNN, Google, York Comic, Warner Bros, Warner Bros . Locations: CatNap, Tampa , Florida, Rapid City , South Dakota, Marquette , Michigan, Duluth , Minnesota, Tucson , Arizona

☆ Bernstein naming Meta the new 'set-it-and-forget-it' stock comes down 2 things
▼ + stars: | 2024-10-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

In the battle of the tech giants, Wall Street firm Bernstein favors Meta Platforms over Alphabet . The analysts raised their Meta price target to $675 per share from $600 and kept their outperform buy rating on the stock. Bernstein acknowledged the valuation of Meta stock versus Alphabet "feels stretched" at the moment. Big picture Bernstein's bullish assessment of Meta's future growth prospects comes as the stock has significantly outperformed both the overall market and Alphabet. META YTD mountain Meta Platforms YTD Before Wednesday's 3% drop in an ugly market, Meta closed Tuesday just 2% off its record close of $595.94 on Oct. 4.

Persons: Bernstein, Meta, Shein, we're, Jim Cramer's, Kamala Harris, Jim, Jim Cramer Organizations: Wall, Google, Meta, Adobe, Facebook, CNBC Locations: Wednesday's, U.S

☆ Tesla reports earnings after the bell. Here's what Wall Street expects from the struggling EV giant
▼ + stars: | 2024-10-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The stakes are high for Tesla when the electric vehicle giant reports results after the bell Wednesday. Analysts polled by LSEG expect the company to report earnings of 58 cents per share on $25.37 billion in revenue. The company posted adjusted earnings per share of 52 cents and revenue of $25.50 billion last quarter . Stakes are even higher for the company following an underwhelming robotaxi event earlier this month that failed to impress Wall Street analysts and investors hopeful for a turnaround. He retained an equal weight rating and $220 price target, implying shares will trade in a range from here.

Persons: Li, Ryan Brinkman, Piper Sandler, Alexander Potter, Potter, Cantor Fitzgerald's Andres Sheppard, Sheppard, Dan Levy, Jefferies, Philippe Houchois, Tesla Organizations: Tesla, LSEG, EV, Li Auto, Wall Street, Barclays Locations: China

☆ Existing-home sales hit a 14-year low as homebuyers hold out for lower rates that may not come
▼ + stars: | 2024-10-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Existing-home sales dropped by 1% last month, reaching their lowest level since October 2010. Homebuyers stayed on the sidelines in anticipation of lower mortgage rates. AdvertisementUS existing-home sales dropped to a nearly 14-year low in September as prospective homebuyers held back in anticipation of lower mortgage rates. AdvertisementAccording to Mortgage News Daily, the average 30-year fixed mortgage rate has climbed by 70 basis points since then, to 6.85% from 6.15%. Related storiesIf this trend continues, those prospective homebuyers holding out for lower mortgage rates will be waiting a while.

Persons: Homebuyers, —, Redfin Organizations: Service, National Association of Realtors, Federal Reserve, Mortgage News

☆ Meet the millionaires next door who grew their wealth without a superstar job or get-rich-quick tricks
▼ + stars: | 2024-10-22 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

"We aren't flashy with our wealth because money isn't our ultimate goal," one said. Gary said they had an "incredibly average" path to wealth, emphasizing prudent investments and modest living. Some stories of people striking it rich and retiring early include unrelatable circumstances, such as family wealth, entrepreneurship, or a superstar career at the top of the corporate ladder. Lawrence Delva-Gonzalez and his wife grew their net worth from $150,000 in debt in 2012 to $1.3 million in 2024. AdvertisementJustin Hall and his wife now live a nomadic lifestyle after retiring early.

Persons: —, Anthony Drew Gary, Gary, could've, Xiao Yu, Xiao Yu Yu, It's, Yu, they're, it's, Lawrence Delva, Gonzalez, Delva, Justin Hall Organizations: Service, Indiana, Aldi, Federal, Federal Reserve, Marine Corps, Justin Hall Hall, Air Force Locations: Indianapolis, China, Washington, DC, Port, Prince, Haiti, Tallahassee, Virginia

☆ The bond market is selling off after traders got their Fed forecasts wrong
▼ + stars: | 2024-10-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Bonds have sold off as traders reassess the path of Fed Reserve rate cuts. AdvertisementThe bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve. That would be a big surprise to traders, with the market pricing in a 90% chance of a 25-basis point interest rate cut from the Fed next month. AdvertisementFed officials, for their part, have indicated they're likely to move cautiously, though more rate cuts are still their base case. Dallas Fed President Lorie Logan said she expects interest rates will fall "gradually," and Kansas City Fed President Jeff Schmid endorsed a "cautious and gradual" approach to cutting interest rates.

Persons: Bonds, —, Donald Trump, Torsten Sløk, Sløk, Mary Daly, Neel Kashkari, Lorie Logan, Jeff Schmid, Trump Organizations: Trump, Service, Federal Reserve, Treasury, Fed, Bloomberg, Bond, Treasury Bond ETF, Federal, Market, San Francisco Fed, Minneapolis, Dallas, Kansas City, House Locations: Atlanta

☆ Russia claims it doesn't care who wins the US election. Its state media tells another story.
▼ + stars: | 2024-10-22 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +5 min

Despite the Kremlin's neutral stance, Russian state media shows it favors Donald Trump. Meta and TikTok have previously banned Russian state media for election interference. But despite what Russian officials claim, the country's state media tells a very different story. State media coveragePer Reuters, Harris' tendency to burst out laughing during interviews and debates has been ridiculed in Russian state TV broadcasts. Last month, TikTok said it removed accounts associated with Russian state media for "engaging in covert influence operations."

Persons: Donald Trump, Kamala Harris, Trump, —, Sergey Lavrov, Ann Marie Dailey, Harris, Kamala, Andrei Sidorov, JD Vance, It's, TikTok, Meta, Segodnya, Tenet Media —, Mathieu Boulegue, Putin, Vance, William Pomerantz Organizations: Donald Trump . State, Service, Newsweek, RAND, Ukraine, Reuters, Moscow State University, Politico, TV's, Daily, BBC, spank, Department of Justice, Tenet Media, Chatham House, Trump, Wilson Center Locations: Russia, Russian, Ukraine, Washington ,

☆ Morgan Stanley says these 10 small-cap stocks have at least 50% upside
▼ + stars: | 2024-10-20 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

Small-cap stocks surged in July, with the Russell 2000 rising 11.5% in a week. Morgan Stanley thinks they could be set for more upside in the months ahead. "We recently upgraded Small caps to neutral vs Large caps after a persistent 3 ½ year period of underperformance. "For us to get outright bullish on Small caps, leading macro indicators would likely need to reflect a clear acceleration in growth," he added. Below, we've compiled the 10 stocks on the list with the highest upside to their Morgan Stanley price targets.

Persons: Russell, Morgan Stanley, —, Nicholas Lentini, Lentini, we've Organizations: Service

☆ China reports better-than-expected retail sales and industrial production data
▼ + stars: | 2024-10-18 | by ( Christine Wang | In Christinejwang | ) www.cnbc.com time to read: +1 min

China on Friday reported better-than-expected retail sales and industrial production for September. Retail sales grew 3.2% from a year ago, better than the 2.5% growth estimated by analysts in an LSEG poll, the National Bureau of Statistics said. Meanwhile, industrial production expanded 5.4% in September from a year ago, more than the 4.5% expected by analysts. He noted that year-to-date retail sales data showed "cautious sentiment among consumers." From January to September, retail sales grew 3.35%, nearly same as the growth reported for January through August at 3.36%.

Persons: Gary Ng, Ng, —, Bao Organizations: Costco, National Bureau of Statistics, Natixis, Investors Locations: Nanjing, Jiangsu Province, China . China, China, Beijing, Covid

☆ Minimum wage is on the ballot in 5 states this November. Here's how the votes could go
▼ + stars: | 2024-10-18 | by ( Annie Nova | ) www.cnbc.com time to read: +6 min

"Since 2014, 12 states have passed minimum wage increases through ballot measures," Martinez Hickey told CNBC. Meanwhile, voters in Arizona will decide on a ballot measure that would lower the minimum wage for tipped workers. Here's what's at stake for workers who make the minimum wage, and the employers who pay them, in next month's election. 1 would raise the minimum wage to $13 in 2025, and to $14 in 2026. Question 5 in Massachusetts would slowly phase out its tipped minimum wage of $6.75 per hour, until it eventually matches the state's standard minimum wage by 2029.

Persons: Lucy Nicholson, Sebastian Martinez Hickey, Martinez Hickey, Here's, erick Pasquier, Joelle, Hall, Kati Capozzi, Capozzi, Richard von Glahn Organizations: California Labor, Reuters, Economic, Institute, CNBC, Alaska AFL, Alaska Chamber, Healthy Families, San Francisco, LAO, Massachusetts Institute of Technology Locations: Alaska , Missouri, California, Arizona, Alaska, United States, Bering Sea, Missouri, North America, U.S, Massachusetts Institute of Technology . Massachusetts, Massachusetts

☆ Asia markets open mixed as investors await China economic data, assess Japan CPI
▼ + stars: | 2024-10-18 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP)Asia-Pacific markets opened mixed Friday, as investors awaited key economic data from China and assessed Japan's inflation numbers. China's third-quarter GDP is expected to come in at 4.5%, as estimated by economists in a Reuters poll, compared with 4.7% growth in the prior quarter. China is set to release its house prices index for September at 9:30 a.m. local time. Japan's headline inflation for September came in at 2.5%, while core CPI — which excludes fresh food prices — rose 2.4% year on year compared with Reuters estimates of 2.3%.

Persons: WANG Zhao Locations: Beijing, AFP, Asia, Pacific, China

☆ Dollar hovers near 11-week high, eyes on China property briefing
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +3 min

Ahead of the press conference, the offshore yuan was last 0.04% higher at 7.1328 per dollar. The Australian dollar , often used as a liquid proxy for the Chinese yuan, fell 0.02% to $0.6665, languishing near a one-month low hit in the previous session. "Keeping a very close eye on China, waiting for yet another press conference which is probably going to be long in rhetoric and short in detail," said Rodrigo Catril, a senior currency strategist at National Australia Bank. In the broader market, the dollar was on the front foot, after having scaled an 11-week top against a basket of peers in the previous session. The dollar index was last steady at 103.51, having peaked at 103.60 in the previous session.

Persons: Rodrigo Catril, Sterling, Donald Trump, Thierry Wizman Organizations: Reserve, National Australia Bank, European Central Bank, Republican, FX, Macquarie, New Zealand, Reserve Bank of New Locations: U.S, Asia, China

☆ What the charts say about whether the S&P 500 can continue higher into year-end
▼ + stars: | 2024-10-16 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +5 min

The S & P 500 continues to make new highs, and volatility continues to decline. First, the S & P 500 has logged just two absolute 1% moves since Sept. 19, which is nearly a month's worth of trading. In fact, 114 S & P 500 stocks made new 52-week highs on Tuesday, which was the first time we've had over 100 since 7/16/24. With the day's opening and close both being higher and lower than the prior session's, this created a bearish engulfing pattern. The bottom line is that the S & P 500 and dozens of its holdings have built up substantial cushions by strongly coming back from the August lows.

Persons: we've Organizations: CNBC, NBC UNIVERSAL

☆ Gold ticks up as Treasury yields slip; U.S. retail sales data in focus
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.3% to $2,667.97 per ounce by 0217 GMT, $17 shy of a record high hit last month. The 10-year Treasury yields slipped for a third straight session, making zero-yield bullion more appealing. "The game changer in gold prices is the U.S. monetary policy easing as it sets the stage for investment demand," said ANZ commodity strategist Soni Kumari. Delegates to the London Bullion Market Association's annual gathering predicted gold prices would rise to $2,941 over the next 12 months and silver prices would jump to $45 per ounce.

Persons: Soni Kumari, Mary Daly, Raphael Bostic, Benjamin Netanyahu, Emmanuel Macron Organizations: SA, Treasury, Federal Reserve, ANZ, San Francisco Federal Reserve Bank, Atlanta Fed, London Locations: Budapest, Hungary, U.S, rearming

Mortgage rates for October 13, 2024, are flat around 6.20%, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 6.20% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates remain in the mid 5% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.

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

☆ Why economists and strategists still say a recession is postponed, despite a startling inflation report
▼ + stars: | 2024-10-13 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Contradictory messages about inflation and the labor market have investors on guard. Price growth is slowly falling from its peak, but it exceeded expectations in September after a hot reading in August. AdvertisementInflation is a threat that won't sink the economyWhile there's plenty of economic data to get excited about, persistent price growth is a problem. "If we're going to be data dependent, we have to at least look at the data," Sosnick said. Higher-than-hoped inflation is rarely compatible with an economic downturn, so if price growth does persist, it likely won't be in an earnings-crushing contraction.

Persons: —, Steve Sosnick, they've, John Kerschner, Janus Henderson, Sosnick, Preston Caldwell, Morningstar's, Jim Baird, Plante, Baird, Joe Quinlan —, Skyler Weinand, Regan, Weinand, We've Organizations: Service, US, of Labor Statistics, Federal Reserve Bank of Atlanta, Interactive Brokers, Business, Manufacturing, Index, Janus, Janus Henderson Investors, Equity, Financial, Merrill, Private Bank, Bank of America, Regan Capital, Fed Locations: China

☆ We're adding a new Bullpen stock, and it's a financial Cramer has had his eye on
▼ + stars: | 2024-10-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Jim Cramer has been considering a potential investment in BlackRock, the world's largest asset manager, and we're now adding it to our Bullpen stocks-to-watch list. In addition to BlackRock, Club name Wells Fargo was among the companies that delivered strong results. Jim Cramer said Friday he knows the stock has run a lot, "but that doesn't mean it can't run more." 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 .

Persons: Jim Cramer, We've, Larry Fink, Fink, Wells Fargo, Morgan Stanley, It's, Jim, Wells, Jim Cramer's, Michael M Organizations: BlackRock, Management, CNBC, Global Infrastructure Partners, Federal Reserve, Club, New York Times, Santiago, Getty Locations: BlackRock, New York City

☆ Ukraine is eroding Russia's military advantage with strikes on its ammo depots
▼ + stars: | 2024-10-11 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +7 min

Military experts said it's partly down to Ukraine's long-range strikes on Russian ammo depots. AdvertisementUkraine is reducing Russia's artillery advantage on the battlefield, and recent attacks on ammo depots have likely sped that up. According to military experts, these developments are likely due in part to Ukraine's recent long-range strikes on Russian ammunition depots. Taking out the ammoUkraine damaged several rear Russian ammo depots using long-range weapons in a string of long-range strikes that began last month. But Kastehelmi said that in the long run, Russia will "most likely" be able to adapt to Ukraine's long-range strikes.

Persons: it's, —, Ivan Havryliuk, Volodymyr Zelenskyy, John Hardie, Hardie, Emil Kastehelmi, Zelenskyy, Mark Temnycky, Kastehelmi Organizations: Service, CNN, Russia, Foundation for Defense of Democracies, Maxar, Security Service, Ukraine, Technologies, Black Bird Group, Council's Eurasia Locations: Ukraine, Russia, Kursk, Oktyabrsky, Toropets, Russia's, Tver, —, Tikhoretsk, Krasnodar Krai, Republic, Adygea, Finnish

Search resuls for: "month's"

25 mentions found