Tim Cook
Cramer’s week ahead: Record highs meet a pivotal week for tech earnings
Key Points CNBC’s Jim Cramer said the market has become a “beast”, driven by a powerful rally in data center and AI-related stocks. He then turned to the week ahead, where a packed slate of tech earnings will test whether the surge can continue or if expectations have gotten too high. CNBC’s Jim Cramer said […]
Read More
The Tech Download: How Apple’s new chief could shake things up
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. The week kicked off with major news that Apple’s chief Tim Cook will step down this year, with Senior Vice President of Hardware Engineering John Ternus taking over as CEO in September. Cue tech and political leaders praising […]
Read More
Jim Cramer says Tim Cook accomplished something ‘almost impossible’ as Apple CEO
CNBC’s Jim Cramer on Tuesday reflected on the legacy of Tim Cook, arguing that the longtime leader of Apple achieved something many in corporate America consider “almost impossible.” “You have heard a lot about Tim Cook today and for good reason,” the “Mad Money” host said. “He built the greatest consumer-based enterprise in history.” Cook, […]
Read More
Apple’s elevation of silicon head Johny Srouji signals sprint to build in-house chips for all devices
In naming hardware boss John Ternus as its new CEO on Monday, Apple also announced another key promotion that may be almost as significant in gauging the company’s direction. Taking over for Ternus as head of hardware will be Johny Srouji, who leads the team that makes Apple’s in-house chips. Apple created a new title […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More