Apple Inc
Trump recounts Tim Cook call to ‘kiss my ass,’ in stark look at White House dealmaking
Apple CEO Tim Cook laughs with President Donald Trump during a meeting in the White House, Washington, March 6, 2019. Leah Millis | Reuters President Donald Trump praised Tim Cook in a lengthy Truth Social post on Tuesday, calling the outgoing Apple CEO an “incredible guy” and boasting about how Cook appealed to him when […]
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Why Tim Cook stepping down as CEO isn’t shaking Jim Cramer’s faith in Apple
Tim Cook’s act is a tough one to follow. It doesn’t mean Apple ‘s future is any less bright. The company said late Monday that John Ternus, Apple’s senior vice president of hardware engineering, will take over for longtime chief executive officer Cook, who will become executive chairman. It’s “very sad” news, Jim Cramer said […]
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Stocks making the biggest moves midday: UnitedHealth, Pitney Bowes, Apple, Amazon & more
Check out the companies making the biggest moves midday: Valmont Industries — The agricultural product and infrastructure rallied 12% on better-than-expected results for the first quarter. The company cited strong demand in its North America utility business for the beat. It also hiked the lower end of its full-year earnings guidance. Pitney Bowes — The […]
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New Apple CEO John Ternus doubted himself when he started: ‘I wasn’t sure I belonged’
Apple is adding a new CEO to its ranks and continuing a long-running tradition of internal promotion. The iPhone maker on Monday announced that CEO Tim Cook will step down as chief executive in September and named senior vice president of hardware engineering John Ternus as his successor. Cook will serve as executive chairman. He […]
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Tim Cook turned Apple into a $4 trillion juggernaut by not trying to be Steve Jobs
Steve Jobs (R), Apple Inc. CEO, and Tim Cook, Apple Inc. Coo, speak at a press conference at Apple headquarters in Cupertino, California. Kimberly White | Corbis Historical | Getty Images In his time running Apple, Tim Cook has been more like the “president of a country, not a company,” according to Deepwater Asset Management’s […]
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Trump says he’ll ‘remember’ companies that don’t seek tariff refund
President Donald Trump on Tuesday told CNBC that he will gratefully “remember” U.S. companies that do not seek refunds for the tariffs he unilaterally imposed, which the Supreme Court later ruled were illegal. Trump’s comment on “Squawk Box” came a day after U.S. Customs and Border Protection opened a portal for importers to seek more […]
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Why the timing of Apple’s CEO change could mean a good earnings report is around the corner
The timing of Tim Cook’s departure from Apple spells good things for the company’s fiscal second-quarter earnings report, set to be released on April 30, Wall Street analysts are buzzing. Apple announced Monday that Cook is stepping aside to become executive chairman and that Apple’s senior vice president of hardware engineering John Ternus will take […]
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Apple’s next CEO, Warsh’s confirmation hearing, the psychedelic stock surge and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. President Donald Trump will join CNBC’s “Squawk Box” for a live interview at 8:30 a.m. ET this morning. Watch live on CNBC or CNBC+. Stock futures are rising after a down day on Wall Street. Here are five key things […]
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Stocks making the biggest moves premarket: Amazon, Apple, GE Aerospace, UnitedHealth & more
Check out the companies making headlines before the bell: UnitedHealth — Shares popped more than 6% after UnitedHealth reported first-quarter earnings and revenue that beat analyst expectations. The company earned $7.23 per share, adjusted, on revenue of $11.72 billion. Analysts expected a profit of $6.57 per share on revenue of $109.57 billion. UnitedHealth also hiked […]
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CNBC Daily Open: Tim Cook finds the new Apple of his eye
Apple’s John Ternus speaks during Apple’s annual worldwide developer conference (WWDC) in San Jose, California, June 5, 2017. Stephen Lam | Reuters Hello, this is Hui Jie writing to you from Singapore, while Leonie is away preparing for CNBC’s CONVERGE LIVE event, featuring names like former Canadian PM Justin Trudeau and Capital Group CEO Mike […]
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