Apple posted a record quarter with strong iPhone and Mac sales, but its earnings beat was partly boosted by tariff refunds. Salesforce also beat earnings expectations, driven by rapid AI monetization through Agentforce and other products, with significant share repurchases reducing its share count. Apple trades at a higher forward earnings multiple (33) compared to Salesforce (19), making Salesforce potentially undervalued given its fast AI revenue growth and bullish market sentiment. Investors will watch Apple's supply constraints and Salesforce's upcoming CloudForce launch to gauge future performance.
JPMorgan introduced two new ETFs, ROCY and ROCQ, designed to reduce the tax burden on income for investors holding shares in taxable accounts. Unlike JEPI, which generates mostly ordinary income taxable annually, these new funds focus on return-of-ca...
Apple veteran Phil Schiller has stepped down from his role overseeing the App Store and product events, remaining at the company as an Apple Fellow. The App Store will now be managed under Apple's Services division, led by Eddy Cue, with Carson Olive...
Tim Cook is stepping down as Apple CEO after 15 years, during which he led the company to historic milestones including becoming the first U.S. company to reach a $1 trillion market cap. He will remain as executive chairman, with John Ternus, Apple's...
Apple's longtime CEO Tim Cook has stepped down after 15 years, passing leadership to John Ternus, head of hardware. Ternus faces challenges including a tough AI rollout, a global chip shortage causing price hikes, and upcoming major product launches ...
Phil Schiller, head of Apple's App Store since 2015, has stepped down but remains at Apple as a Fellow, signaling a gradual exit amid a wave of top executive departures including COO Jeff Williams and Apple Pay head Jennifer Bailey. Schiller led the ...
