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Gap Up on Leadership Shift; Shein's Market Debut | Stock Movers
Bloomberg18d agoneutralVIDEO
Gap Up on Leadership Shift; Shein's Market Debut | Stock Movers

On this episode of Stock Movers: - Gap (GAP) shares jumped after naming a retail industry veteran to head Old Navy and profit outpaced estimates, offsetting a sales decline at the value chain and lower sales guidance. - Apple's (AAPL) Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets. - Shein Global Holdings' shares long-awaited market debut has come at an awkward time: the fast-fashion retailer's peak growth years are behind it just as tariffs, regulatory pressure and intensifying competition are making its next phase harder.

What Does Apple (AAPL) Risk From Its Trade Secrets Lawsuit?
Simply Wall St.18d agobearish
What Does Apple (AAPL) Risk From Its Trade Secrets Lawsuit?

Apple (NasdaqGS:AAPL) has filed a lawsuit against OpenAI and a former engineer over alleged theft of confidential circuit schematics and related trade secrets. The complaint accuses the former Apple employee of misappropriating proprietary hardware designs and integrating them into OpenAI projects. Apple is seeking damages, a preliminary injunction, and court orders to destroy any materials that allegedly contain its protected technology. The case adds fresh scrutiny to how major AI players...

Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years
Associated Press18d agoneutral
Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years

Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocket to $4.6 trillion thanks to the iPhone's enormous popularity. The transition to a new CEO comes at a pivotal time for Apple. Artificial intelligence has unleashed the greatest upheaval within the industry since Steve Jobs unveiled the first iPhone in 2007.

Apple Says OpenAI Is Destroying Evidence in Trade Secrets Case
Bloomberg18d agoneutral
Apple Says OpenAI Is Destroying Evidence in Trade Secrets Case

Apple Inc. escalated its legal battle against OpenAI, claiming in a new court filing that OpenAI is actively destroying crucial evidence and that former iPhone engineer Chang Liu “not only downloaded a confidential Apple circuit schematic but also used it in his work” at the AI company.

Tim Cook’s Tough Act to Follow at Apple
The Wall Street Journal19d agoneutral
Tim Cook’s Tough Act to Follow at Apple

Since Tim Cook took over as Apple's CEO in 2011, the iPhone maker's stock has soared more than 2,200%. Annualized, that gives investors a price move of about 23.5% a year, more than twice the annual gain of the Dow industrials and easily more than the S&P 500 and Nasdaq composite.

Jobs Report, New Apple CEO: What to Watch This Week
The Wall Street Journal19d agoneutral
Jobs Report, New Apple CEO: What to Watch This Week

Today Meetings: G20 finance ministers and central-bank governors meeting Economic data: Texas manufacturing outlook survey, agricultural prices, portfolio holdings of foreign securities, preliminary results Tomorrow Executive Moves: John Ternus succeeds Tim Cook as Apple’s CEO Fed speaker: Fed governor Michael Barr, 9:05 a.

End of the 'Lag 7'? What Nvidia's earnings mean for the rest of tech.
Yahoo Finance Video22d agoneutralVIDEO
End of the 'Lag 7'? What Nvidia's earnings mean for the rest of tech.

Slatestone Wealth Chief Market Strategist Kenny Polcari, F.L. Putnam Investment Management Co. Chief Market Strategist and Portfolio Manager Ellen Hazen, and Prime Capital Financial Chief Investment Officer Will McGough join Yahoo Finance's Brooke DiPalma to discuss Nvidia's (NVDA) latest earnings report, concerns about circular financing, and whether it's the end of the Magnificent Seven's lackluster performance.