business news
Apple incoming CEO John Ternus faces a defining challenge: Fixing the company’s AI strategy
John Ternus, senior vice president of hardware engineering at Apple Inc., during an Apple event in New York, US, on Wednesday, March 4, 2026. Adam Gray | Bloomberg | Getty Images Apple has maintained its dominance in consumer devices and built up a $4 trillion market cap despite largely sitting on the sidelines of the […]
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‘New cards on the battlefield’: U.S., Iran ratchet up rhetoric with peace talks in limbo
The front page of the Javan newspaper (L) and the front page of the Jam Jam newspaper, which features a cartoon of US President Donald Trump drowning in the Strait of Hormuz with the headline “Marine Bluff,” are on sale at a newsstand in Tehran on April 13, 2026. Atta Kenare | Afp | Getty […]
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Nvidia supplier Victory Giant sees shares soar 60% in Hong Kong debut
Shares in Victory Giant Technology surged as much as 60% on Tuesday, after the Chinese company’s blockbuster initial public offering — the biggest in Hong Kong this year. The Chinese company, which supplies printed circuit board to Nvidia, priced its shares at 209.88 Hong Kong dollars in the IPO. Shares were last trading 46% higher at […]
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Stock futures are little changed after Nasdaq snaps 13-day win streak: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 20, 2026. Brendan McDermid | Reuters U.S. stock futures were little changed on Monday night after the Nasdaq Composite snapped a 13-day win streak during the regular session. S&P 500 futures and Nasdaq 100 futures added 0.1% […]
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Oil falls as investors assess mixed messaging on Iran peace talks ahead of ceasefire deadline
This general view shows oil tanks and facilities at Yeosu National Industrial Complex, the largest petrochemical industrial complex in South Korea, in Yeosu on April 7, 2026. (Photo by Shin Yong-ju / AFP via Getty Images) Shin Yong-ju | Afp | Getty Images Oil prices declined Tuesday during Asia hours amid uncertainty over the fate […]
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CNBC Daily Open: Ternus turns the page at Apple
Tim Cook and John Ternus at Apple Park. Courtesy: Apple Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Apple is turning a page as CEO Tim Cook hands over the reins to successor John Ternus, marking only the second leadership transition since Steve Jobs. Meanwhile, […]
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CNBC Daily Open: Ternus turns the page at Apple
Tim Cook and John Ternus at Apple Park. Courtesy: Apple Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Apple is turning a page as CEO Tim Cook hands over the reins to successor John Ternus, marking only the second leadership transition since Steve Jobs. Meanwhile, […]
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Asia markets open higher as hopes for Iran peace talks offset Trump threat of escalation
The Tokyo Stock Exchange in January 2022. Toru Hanai | Bloomberg | Getty Images Asia-Pacific markets opened higher Tuesday amid hopes for a resolution to the Middle East conflict, even as tensions between Iran and the U.S. continue to simmer. “Trump, by imposing a siege and violating the ceasefire, seeks to turn this negotiating table— […]
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Apple goes for the ‘continuity candidate’ to replace Cook. What the CEO change means for investors
Apple ‘s surprise leadership announcement on Monday left Wall Street reconsidering their expectations for the future of the technology titan. The iPhone maker said John Ternus, a senior vice president of hardware engineering, will succeed CEO Tim Cook on Sept. 1. Cook would move to the role of executive chairman after about 15 years as […]
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CNBC’s The China Connection newsletter: China ships more humanoid robots than the U.S. as investors diverge on AI bets
A staff member trains a humanoid robot to replicate human behavior at a training center in Hefei, Anhui province of China, on April 13, 2026. Vcg | Visual China Group | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot […]
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