Us Wholesale Businesses Trim Stockpiles In December

Elon Musk. Apu Gomes via Getty ImagesElon Musk seemed less than impressed with Apple's WWDC presentation Monday. He responded to posts on X about the new iPhone home screen and iPad Calculator app. Musk has been taking jabs at Apple for the better part of a decade. Elon Musk seemed slightly underwhelmed by a handful of updates Apple announced Monday during its WWDC presentation.

When you buy through our links, Business Insider may earn an affiliate commission. Learn moreRishabh Pant of India takes the catch to dismiss Fakhar Zaman of Pakistan (not pictured) during the ICC Men's T20 Cricket World Cup West Indies & USA 2024 match between India and Pakistan. Robert Cianflone/Getty ImagesThe ICC Men's T20 World Cup is officially underway, and India has had a stellar showing so far.

In a new book, writer Nathaniel Popper details the GameStop frenzy and how WallStreetBets became a cultural movement that upended the global financial markets. Nick Dolding/Getty, Gamestop, Tyler Le/BIThe day after Thanksgiving in 2020, on the American bacchanal of consumerism known as Black Friday, a post appeared on WallStreetBets with a short video filmed in the parking lot of a nondescript strip mall.

US Federal Reserve chair Jerome Powell arrives to hold a news conference after a Federal Open Market Committee meeting in Washington, DC, on January 31, 2024. JULIA NIKHINSON/AFP via Getty ImagesSome analysts are eyeing zero rate cuts from the Fed this year. RBC's Lori Calvasina forecasts that a no-rate-cut scenario would pull the S&P 500 down 8.5%.

201019-N-LI768-1111 PACIFIC OCEAN Oct. 19, 2020 -- An unmanned aerial vehicle delivers a payload to the Ohio-class ballistic-missile submarine USS Henry M. Jackson (SSBN 730) around the Hawaiian Islands. U. S. Navy photo by Mass Communication Specialist 1st Class Devin M. Langer/ReleasedThe US has plans to employ thousands of drones if China invades Taiwan, the top US admiral in the Pacific said.

Apple revealed its AI road map at its developer conference. The stock was down 2% in Monday's session. AppleUS stocks started the week with gains as the S&P 500 and Nasdaq hit record highs. The all-time highs come ahead of the May inflation report and the Fed's two-day FOMC Meeting.