John Ternus officially becomes Apple's new CEO, succeeding Tim Cook who moves to executive chairman after 15 years. This leadership change comes as Apple prepares for its annual product launch next week. Meanwhile, global bond yields rise due to inflation worries and climbing oil prices amid renewed Iran conflict tensions. The U.S. faces growing economic challenges discussed at the G20 meeting, including debt and growth strategies. Additionally, Amazon faces a major lawsuit over alleged advertiser overcharging, and TikTok launches its e-commerce service in the U.S., signaling growth in livestream shopping.
Wes Moss advises investors with large holdings in Apple, Alphabet (Google), and Shopify to reconsider their portfolio concentration. He stresses that emotional attachment to big winners can increase risk, especially near retirement, and suggests trea...
Rosenblatt increased Apple's stock price target from $300 to $303, maintaining a Neutral rating ahead of the anticipated foldable iPhone launch on September 9. The firm believes Apple can manage supply-chain challenges through higher prices, premium ...
John Ternus has officially become Apple's CEO, succeeding Tim Cook after a 15-year tenure. Ternus faces significant challenges, including soaring memory costs that are driving up device prices and the need to advance Apple's AI strategy. With Tim Coo...
Investors have funneled $195 billion into global technology ETFs over the past year, far surpassing inflows into all other sectors combined. This surge reflects a concentrated bet on a handful of tech giants, especially those tied to artificial intel...
Apple has filed new evidence in its lawsuit claiming former employee Chang Liu stole confidential trade secrets to benefit OpenAI. The evidence includes use of a secret Apple circuit schematic and an internal tool name in Liu's work at OpenAI. Apple ...
