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☆ The effects of the fatal bridge collapse in Baltimore will be felt for months
▼ + stars: | 2024-03-31 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda today:AdvertisementBut first: The effects of the fatal bridge collapse in Baltimore will be felt for months. ET Tuesday, the 984-ft long container ship Dali crashed into the Francis Scott Key Bridge in Baltimore, bringing it down. AdvertisementNow, China is in a similar situaJtion as Japan once was, as it stares down a property market collapse. But Japan's recovery won't be easy to replicate for China, which has resisted stimulus packages and faces a difficult trade market.

Persons: —, Tim Cook's, Francis Scott Key, Tasos Katopodis, Dali, It's, Sam Altman, Kent Nishimura VCs, Altman, Sam Altman's, Jenny Chang, Rodriguez, I'm, Hannes P Albert, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg Organizations: Business, Service, Apple, OpenAI's, Getty Images, Microsoft Locations: Baltimore, Port, London, China Japan, China, Japan

☆ I followed Apple CEO Tim Cook's morning routine for a week. It left me exhausted and with a budding caffeine addiction.
▼ + stars: | 2024-03-29 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +2 min

I've been trying to implement a productive morning since moving for work in January. I decided to challenge myself and copy the morning routine of Apple CEO Tim Cook. There's no way I'll ever wake up as early as him, but I did start to enjoy a morning coffee. AdvertisementSince moving to the New York metropolitan area in January 2024, I've been working on establishing a productive morning routine to help me succeed in my transition to adulthood. Minus the early wake-up time, his routine seemed very approachable, with realistic opportunities to integrate healthier habits into my own life.

Persons: I've, Tim Cook, —, Zers, Mark Organizations: Apple, Service Locations: There's, New York

☆ Op-ed: The effusive China tour is a failing playbook for Apple, Tim Cook, and every CEO
▼ + stars: | 2024-03-27 | by ( Dewardric L. Mcneal | ) www.cnbc.com time to read: +8 min

This ritual, epitomized by high-profile engagements — such as Apple CEO Tim Cook's effusive overtures and statements of commitments to China — signals that American corporate titans think the strategy can still work. Tim Cook's narrative of China as "critical" to Apple , coupled with his admiration for the country's advanced manufacturing capabilities, embodies the ethos of this engagement playbook. Apple's Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024. It's not that the Apple CEO is doing anything wrong. Chinese Apple superfans jostled to enter the smartphone maker's newest store as it opened on March 21 night.

Persons: Tim Cook's, Tim Cook, Pedro Pardo, Jim McNerney, Xi Jinping's, Mark Zuckerberg, Deirdre O'Brien, Strstr, Xi, Xi Jinping, Li Qiang Organizations: Apple, American, titans, U.S, Apple's, China Development Forum, AFP, Getty, Boeing, Airbus, Volkswagen, Qualcomm, Google, Facebook, Huawei, Afp Locations: China, Beijing, Weibo, Shanghai

☆ Apple could double down on China market, Wedbush says, as iPhone sales drop
▼ + stars: | 2024-03-26 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

SHANGHAI, CHINA - MARCH 21: Tim Cook, chief executive officer of Apple Inc., arrives for opening ceremony of the new Apple Jing'an store on March 21, 2024 in Shanghai, China. The new Apple store opens on March 21 in Shanghai's Jing'an district. (Photo by VCG/VCG via Getty Images)Apple could double down on the China smartphone market amid declining iPhone sales and stiff competition in the country, Wedbush Securities said on Monday. Apple needs to overcome its China challenges including a tough macro environment and competition from Huawei before the iPhone 16 release and "it all starts with reaffirming Apple's presence in China," Wedbush said. Cook's latest trip to China, which Wedbush said is "a sign Apple could double down" on China, comes amid reports of iPhone sales in China plunging 24% in the first six weeks of 2024.

Persons: Tim Cook, Wedbush, Commerce Wang Wentao, Cook Organizations: Apple Inc, Apple, Getty, Securities, Huawei, China's, Commerce, China Development Forum Locations: SHANGHAI, CHINA, Shanghai, China, Shanghai's Jing'an, Beijing

☆ Apple reaches $490 million settlement over Tim Cook's China sales comments
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: +2 min

Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 6, 2022. Apple has reached a $490 million settlement to resolve a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. A preliminary settlement was filed on Friday with the U.S. District Court in Oakland, California, and requires approval by U.S. District Judge Yvonne Gonzalez Rogers. Apple posted $97 billion of net income in its latest fiscal year, and its payout equals a little under two days of profit. The case is In re Apple Inc Securities Litigation, U.S. District Court, Northern District of California, No.

Persons: Tim Cook, Yvonne Gonzalez Rogers, Cook, Shawn Williams, Rogers, Apple Organizations: Apple Inc, Apple Worldwide, Apple, U.S, Norfolk Pension Fund, Apple Inc Securities Litigation, Court, Northern District of Locations: Cupertino , California, China, Oakland , California, Brazil, India, Russia, Turkey, Norfolk, Norwich, England, Northern District, Northern District of California

☆ Tim Cook's comments about iPhone sales in China just cost Apple $490 million
▼ + stars: | 2024-03-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Apple has agreed to pay $490 million to settle a 2019 class-action lawsuit from shareholders. The lawsuit alleged CEO Tim Cook made false comments about China sales in a 2018 earnings call. Apple denied wrongdoing, saying it agreed to the settlement to prevent further litigation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementComments Apple's CEO Tim Cook made years ago have just cost the company a boatload of money.

Persons: Tim Cook, — Organizations: Apple, Service, Reuters, Business Locations: China, California

☆ Rivian pulled off a Steve Jobs moment with its surprise announcements
▼ + stars: | 2024-03-08 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +2 min

Rivian's "one more thing" was a nod to Steve Jobs' habit of teasing a last product reveal at events. Scaringe stunned his audience with the reveal of the R3 midsize crossover, catching the audience by surprise. That comment — and perhaps the whole surprise reveal — was a thinly veiled reference to Apple cofounder Steve Jobs' habit of making last-minute product announcements, introducing "one more thing" after seemingly finishing his keynote speech. AdvertisementBut the R3 wasn't the only surprise that Scaringe had up his sleeve, who added that "there's one more thing." The Rivian R3X performance variant Elliot Ross Studio, INCWith his double-surprise reveal, Scaringe seems to have taken Jobs' penchant for theatricality to heart.

Persons: RJ Scaringe, Steve Jobs, Scaringe, —, Rivian, Tim Cook's, Elliot Ross Organizations: Service, Apple, Apple Watch, Air, MacBook, Elliot Ross Studio, INC

☆ Apple's car prototype was internally called the 'Bread Loaf' because of its shape: Bloomberg
▼ + stars: | 2024-03-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Apple employees called the design of their first electric vehicle the "Bread Loaf," per Bloomberg. CEO Tim Cook appeared impressed, but the "Bread Loaf" wasn't always viewed in a positive light, per Bloomberg. AdvertisementApple employees working on the tech giant's first electric car built a prototype in 2020 that they called the "Bread Loaf," a name that was at times used disparagingly. The car team used the "Bread Loaf" name "not always affectionally," according to Bloomberg reporters Mark Gurman and Drake Bennett. Apple's killing of the car project comes as the electric vehicle market slows from its initial burst of hype and sales.

Persons: Tim Cook, wasn't, —, Mark Gurman, Drake Bennett, Cook, Apple honchos, Tesla Organizations: Apple, Bloomberg, Service, Business

☆ The iPhone needs a revamp, and its sagging performance in China is proof
▼ + stars: | 2024-03-06 | by ( Hasan Chowdhury | Lina Batarags | ) www.businessinsider.com time to read: +6 min

Read previewThe last thing Tim Cook needs this year is for the iPhone to give him a headache. Unfortunately for Apple, that task could be complicated as signs emerge that its workhorse gadget needs a revamp. In its most recent quarter, Apple generated almost $70 billion of its $119.6 billion total revenue from iPhone sales. China, Apple's most important international market, has started to sour on iPhones, bucking a trend of growth in other regions. Apple's AI efforts, led by ex-Googler and senior vice president John Giannandrea, could introduce several AI features to iPhones that offer an edge over Chinese competitors.

Persons: —, Tim Cook, Cook, Steve Jobs, Paul Sakuma, Will Wong, Wong, Wang Gang, Gene Munster, Munster, Dan Ives, John Giannandrea, Siri, Jobs Organizations: Service, Apple, Vision, Business, Macworld, Counterpoint Research, Vivo, Huawei, Wall Street Journal, IDC's, Devices, Research, Asset Management Locations: Cupertino, China, Greater China, Beijing, Singapore, IDC's Asia

☆ Cramer says Apple stock could fall another 5% from here. He also has no plans to sell it
▼ + stars: | 2024-03-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We knew Apple's China market wasn't great. Jim Cramer said the stock could fall another 5% to $160 in its current run of bad form. Jim also maintained his "own it, don't trade it" Apple mantra because the stock is "one of the greatest performers of all times." Apple shares have shed roughly 14.5% from their all-time high of $199.62 each and nearly $3.1 trillion market value on Dec. 14, 2023. The CEO said Apple AI tech is already being used in the Vision Pro mixed reality headset's hand-tracking tool.

Persons: there's, Jim Cramer, Jim, we've, Tim Cook, we're, Cook, Cook's, Jim Cramer's Organizations: Apple, Research, Huawei, Starbucks, European, Big Tech, Barclays, Vision, Management, CNBC Locations: China

☆ Investors get more reasons to like Apple as company abandons EV plans and CEO updates AI ambitions
▼ + stars: | 2024-02-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Many employees on the nearly 2,000-person team will be tasked to work on Apple's AI unit instead, Bloomberg said. There has been little public info about Apple's self-driving car ambitions, but reports first surfaced back in 2014 when the company poached automotive engineers from other firms. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Tim Cook, Bloomberg, Cook, we're, ChatGPT, Jim Cramer, Jim, Tesla, he's, it's, Apple's, Morgan Stanley, Siri, Jeff Marks, Jim Cramer's, Eduardo Munoz Organizations: Apple, Bloomberg News, Big Tech, General Motors, Club, Ford Motor, GM, Bloomberg, UBS, CNBC Locations: U.S, New York

☆ Apple is losing a design titan — the latest turnover in its post-Jony Ive era
▼ + stars: | 2024-02-14 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Apple designer Bart Andre, who came up with former design chief Jony Ive, is retiring. The design team is crucial to Apple's high-profile launches, including its latest Vision Pro. Andre was one of the last remaining members of Ive’s former team, Bloomberg reported. AdvertisementIve’s departure in 2019 precipitated an exodus, Bloomberg reported, with many of the iPhone company's designers subsequently joining his design firm venture LoveFrom. AdvertisementApple's design team under Ive numbered roughly two dozen staffers, Bloomberg reported, obsessively crafting products like the AirPods and Apple Watch for years before they hit shelves.

Persons: Bart Andre, Jony, There's, —, Andre, Evans Hankey, Colin Burns, Shota Aoyagi, Peter Russell, Clarke, Richard Howarth, Molly Anderson, Duncan Kerr, Jeff Williams, Tim Cook, Steve Jobs Organizations: Apple, Bloomberg, Service, Apple Vision, Journal, Apple Watch

☆ Jim Cramer says the stock market rally has stalled because of two important reasons
▼ + stars: | 2024-02-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. But Jim Cramer said, "It is not a broadening rally. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Eli Lilly, Lilly, Jim, David Simon, Tim Cook's, We're, Edwards Lifesciences, Jim Cramer's Organizations: CNBC, Broadcom, Nvidia, Micro, New York Community Bancorp, Signature Bank, Silicon Valley Bank, Linde, Club, DuPont, Air Products, Chemicals, Simon Property, GE Healthcare, Technology, Apple, Vision, Ford, Motors, Tesla, Enphase Energy, CVS Health, Yum Brands, Disney, Wynn Resorts, Jim Cramer's Charitable Locations: We're, New York, Silicon, China, Amgen

☆ Tim Cook teases Apple AI announcement 'later this year'
▼ + stars: | 2024-02-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook teased that Apple may have an artificial intelligence announcement later this year during a call with analysts after the company reported fiscal first-quarter earnings. "That includes artificial intelligence where we continue to spend a tremendous amount of time and effort, and we're excited to share the details of our ongoing work in that space later this year." Generative AI started drawing significant attention from technology companies and investors starting in 2022, after OpenAI released ChatGPT and image generators rapidly improved. But Apple never used the phrase "artificial intelligence" during the presentation, preferring the more academic term "machine learning." "Let me just say that I think there's a huge opportunity for Apple with Gen AI and AI, without getting into more details and getting out in front of myself," Cook said.

Persons: Tim Cook, Cook's, Cook, OpenAI Organizations: Apple, Microsoft, Google, CNBC PRO

☆ Tim Cook's language hints AI strategy is coming: Melius' Ben Reitzes
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTim Cook's language hints AI strategy is coming: Melius' Ben ReitzesBen Reitzes, Melius head of technology research, joins 'Power Lunch' to discuss how Apple will eventually become an AI company, the iPhone sales issues, and more

Persons: Tim, Ben Reitzes Ben Reitzes Organizations: Apple

☆ Apple tells dozens of employees in San Diego to move to Austin or face layoffs, report says
▼ + stars: | 2024-01-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Apple has told 121 staff in San Diego to move to Austin or face being laid off, Bloomberg reported. They've been given until the end of February to decide if they'll relocate, the report said. AdvertisementApple has reportedly told 121 employees in San Diego to relocate to Austin or face being laid off. People with knowledge of the matter said the employees told Bloomberg the majority of the 121 workers weren't willing to relocate. The company told staff in its Development and Preservation teams to reapply for their jobs or they would get laid off.

Persons: Apple, They've, they'll, —, Siri, Platformer's Zoë Schiffer, Schiffer, Hugh Langley, Tim Cook, Apple's, Tim Cook's, It's, Apple didn't Organizations: Bloomberg, Service, Apple, Texas, Preservation, Meta, Google, CNBC, Microsoft, Huawei, Reuters, Business Locations: San Diego, Austin, China

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ Ex-J.Crew exec says she used to work 8:30 a.m. to 6 p.m. without a break, followed by hours of phone meetings at home
▼ + stars: | 2023-12-03 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Crew's former president Jenna Lyons recalled working over ten hours a day. Lyons spoke on a recent podcast, which was released Monday. Lyons said she worked 8:30 a.m. to 6 p.m. with no breaks, then answered phone calls at home. In the podcast episode, Lyons spoke about her time leading J.Crew, during which she oversaw the J.Crew, Madewell, and Factory divisions. "When I left my job, my whole world sort of dismantled," Lyons told Time.

Persons: Crew's, Jenna Lyons, Lyons, —, She's, Lauryn Evarts, Michael Bosstick, Tim Cook's, J.Crew, Cass Bird Organizations: Service, Housewives, New, Apple, Time Magazine, Time Locations: New York, J.Crew

☆ An old quote where Anthony Bourdain called Henry Kissinger a 'murderous scumbag' is making the rounds on X
▼ + stars: | 2023-11-30 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Anthony Bourdain despised Henry Kissinger, and called him a "murderous scumbag" in his 2001 book. Screenshots of Bourdain's words are now making the rounds on X after Kissinger's death. AdvertisementThe late celebrity chef Anthony Bourdain was famously unfiltered, and didn't mince any words when writing about former Secretary of State Henry Kissinger. AdvertisementAfter Kissinger's death on Wednesday, Bourdain's words are now making the rounds on X, formerly known as Twitter. "Once you've been to Cambodia, you'll never stop wanting to beat Henry Kissinger to death with your bare hands."

Persons: Anthony Bourdain, Henry Kissinger, — Bourdain, —, you've, you'll, Bourdain, Kissinger, Slobodan Milošević, Anthony Bourdain pic.twitter.com, NtEu4YMOW7 Organizations: Service Locations: Cambodia, Serbian

☆ New discoveries suggest Rhode Island shipwreck is Captain Cook's long-lost vessel after battle over ship's identity
▼ + stars: | 2023-11-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Australian researchers believe a shipwreck off the coast of Rhode Island is that of the HMS Endeavor. Previously, their claim was contested by their research partner, The Rhode Island Maritime Archeology Project. The Rhode Island Maritime Archeology Project did not immediately respond to Business Insider's request for comment regarding the recent announcement of evidence. "We would like to work with the Rhode Island government to do that," Hosty told the outlet. "If it means working with Rhode Island Maritime Archaeology Project we'll work with them; we'll work with anyone who is willing to help us on this site."

Persons: —, Captain James Cook, Cook, Daryl Karp, Kieran Hosty, Hosty Organizations: HMS Endeavor, Australian National Maritime Museum, Rhode, Maritime Archeology, Service, HMS, British Royal Navy, Endeavour, Sydney Herald, Guardian, Herald, Maritime Locations: Rhode, British, Newport Harbor , Rhode Island, Australia, Newport

☆ Tim Cook tells Dua Lipa he wants the next CEO of Apple to be an internal hire
▼ + stars: | 2023-11-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Tim Cook shed some light on the succession plan for Apple's next CEO in an interview with Dua Lipa. AdvertisementWhile Apple CEO Tim Cook doesn't have plans to step down from his post anytime soon, he said he's already thinking about the kind of person who will eventually replace him. "I really want the person to come from within Apple," Cook told singer Dua Lipa on a recent episode of her podcast "At Your Service." Advertisement"We're a company that believes in succession plans and we have very detailed succession plans," he told Lipa, "because something that's unpredictable can always happen. Cook succeeded Apple founder Steve Jobs as the CEO of Apple August 2011.

Persons: Tim Cook, Cook, he's, —, Tim Cook doesn't, Dua, Lipa, Steve Jobs, Jobs Organizations: Dua, Service, Apple, Apple Watch Locations: Dua Lipa, Apple

Thanksgiving may be a time for Americans to come together, but opinion is divided over what's on the crowded dinner table. We mostly agree on the deliciousness of pumpkin pie, say, but are split over the eternal turkey question of dark meat versus white meat. Americans 45 or older are especially likely to call turkey the best thing on the Thanksgiving table (39%), while younger adults who agree come in at 24%. One-third of U.S. adults who will celebrate Thanksgiving say that's their preferred dessert. Slightly fewer than half of men (46%) who plan to celebrate Thanksgiving say they will do hardly any or none of the cooking.

Persons: ”, Ralph Caya, Vaidehi, Carlos Stallworth, You’re, Caya, ” Stallworth, I’ve, nix, there's, Lauren Feldman, Feldman, “, ___ Mark Kennedy Organizations: Associated Press, NORC, for Public Affairs Research, cranberries Locations: what's, U.S, Pensacola , Florida, Glen Rock , New Jersey, Los Angeles, Florida, Georgia, Indianapolis

☆ Tim Cook was asked if he deserves more credit for Apple's success after Steve Jobs. He said it's shared, and Jobs would still be CEO if alive today.
▼ + stars: | 2023-11-20 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Apple's market cap has ballooned to over $3 trillion during Cook's tenure. Cook says he and former CEO Steve Jobs, along with Apple's employees, "share credit" for the success. AdvertisementLiving up to the legacy of Steve Jobs is no easy feat, but current Apple CEO Tim Cook says he doesn't see his predecessor as competition. Tim Cook and Steve Jobs pictured speaking at an Apple press conference. In 2020, Apple's market cap hit $2 trillion and in September 2023, it ballooned to $3 trillion.

Persons: Tim Cook, Cook, Steve Jobs, —, Steve, there's, Apple, Jobs, Kimberly White, hasn't, Jony, he's, — Cook Organizations: Apple, Dua, Service, Jobs, Reuters Apple, Wall Street Journal, Apple Watch, Vision Locations: Dua Lipa, Jobs

☆ Apple is going to make texting between iPhones and Android a lot less awful starting next year
▼ + stars: | 2023-11-17 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Apple will support RCS, Rich Communication Services later in 2024, according to 9To5Mac. AdvertisementThis is a reversal from what Apple CEO Tim Cook said about the idea of RCS texting last year. In 2022, Cook said that he didn't get many requests to improve cross-platform texting. He encouraged an audience member at the 2022 Code Conference to switch over to Apple when he asked about cross-platform texting. AdvertisementThis was part of a campaign called #GetTheMessage, which according to Android, was launched to encourage Apple to support RCS and modernize cross-platform texting.

Persons: —, iMessage, Tim Cook, Cook, haven't, Sameer Samat, Samat Organizations: Apple, Rich Communication Services, Google, Service Locations: Las Vegas

REUTERS/Ken Cedeno/Pool/File Photo Acquire Licensing RightsDUBLIN Nov 8 (Reuters) - A rise in geopolitical tensions across the world could aggravate already subdued growth in Europe and China and the spillover may alter the path of the U.S. economy, Federal Reserve Governor Lisa Cook said on Wednesday. "We are not only watching subdued growth, we're watching the geopolitical tensions that we're all talking about, and that could change the outlook both in the United States and the global economy." Cook added that geopolitical tensions may in particular destabilize commodity markets and access to credit in the current higher interest rate environment. "Any shock could make the situation worse that we're already (in)... and could be destabilizing to commodity markets, could be destabilizing to the system of credit," Cook said. "More broadly, escalation of geopolitical tensions could lead to lower economic activity and increased fragmentation of global trade flows and financial intermediation, raising financing and production costs and contributing to more sustained supply chain challenges and inflationary pressures," Cook said.

Persons: Lisa DeNell Cook, Ken Cedeno, Lisa Cook, Cook, We're, Padraic Halpin, Conor Humphries, Ann Saphir, Lindsay Dunsmuir, Leslie Adler, Mark Potter Organizations: Governors, Federal Reserve System, Banking, Housing, Urban, Capitol, Washington , D.C, REUTERS, DUBLIN, Federal, Central Bank of Ireland, Thomson Locations: Michigan, Washington ,, Europe, China, U.S, Dublin, United States, Ukraine, Russia, East, San Francisco

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