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☆ Apple is not passing on costs of climate goals to consumers, exec says
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

People stand outside an Apple Store as Apple's new iPhone 15 officially goes on sale across China, in Shanghai, China September 22, 2023. "I want to do it in a way that other businesses can say this isn't because they’re Apple," said Jackson, referring to Cook's direction. Critics say it is easier for a tech company like Apple to meet such goals than it would be for corporations in more energy-intensive industries. Jackson also said Apple is working with smaller processing companies to recycle rare earths and other materials. "That's somewhere Apple can invest and then help to scale and bring (other) businesses along," she said.

Persons: Aly, Lisa Jackson, Alessandra Galloni, Jackson, Tim Cook, Jackson nodded, Jeffrey Dastin, Kenneth Li, Ross Kerber, Daniel Wallis Organizations: Apple, REUTERS, Reuters NEXT, Reuters, U.S . Environmental Protection Agency, Apple Watch, Thomson Locations: China, Shanghai, New York, California, U.S, Boston

☆ NFL roundup: C.J. Stroud breaks out as Texans clip Bucs
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +9 min

Stroud led a 75-yard drive in 40 seconds after Baker Mayfield put Tampa Bay ahead with a 14-yard touchdown pass to Cade Otton, the duo's second scoring hookup of the day. Stroud completed 30 of 42 passes, connecting with Noah Brown six times for 153 yards, including a 75-yard touchdown. Mayfield connected on 21 of 30 passes for 265 yards for the Buccaneers (3-5), who lost their fourth straight game. Vikings 31, Falcons 28Joshua Dobbs fired a go-ahead, 6-yard touchdown pass to Brandon Powell with 20 seconds remaining, and Minnesota beat host Atlanta. Tune completed 11 of 20 passes for 58 yards, threw two interceptions and lost a fumble on one of Cleveland's seven sacks.

Persons: C.J ., Shaquil Barrett, Troy, Stroud, Tank, . Stroud, Baker Mayfield, Cade Otton, Noah Brown, Dalton Schultz, Dell, Dare Ogunbowale, Ogunbowale, Ka'imi Fairbairn, Mayfield, Joe Burrow, Josh Allen, Stefon Diggs, Joe Mixon, Mixon, Tee Higgins, Allen, Diggs, Dalton Kincaid, Joshua Dobbs, Brandon Powell, Dobbs, Jaren, Taylor Heinicke, Mary, A.J . Brown, DeVonta Smith, Kenneth Gainwell, Dak Prescott, CeeDee Lamb, Lamb, Patrick Mahomes, Bryan Cook's, Tua Tagovailoa, Raheem Mostert, Hill, Keaton Mitchell, hadn't, Gus Edwards, Odell Beckham Jr, Justin Tucker, Seattle's Geno Smith, Jaxon Smith, Njigba, Cleveland, Clayton Tune, Tune, Jordan Love, Aaron Jones, Brett Rypien, Matthew Stafford, Rypien, Sam Howell, Howell, Chad Ryland, Washington, Jahan Dotson, Joey Slye, Paulson Adebo, Adebo's takeaways, Derek Carr, Tyson Bagent, Justin Fields, Kenny Moore, Moore, Bryce Young's, Josh Jacobs, Antonio Pierce, Josh McDaniels, York's Daniel Jones, Jones Organizations: Houston Texans, Tampa Bay Buccaneers, NRG, Tank Dell, ., Tampa Bay, Texans, Buccaneers, Bengals, Bills, Cincinnati, Buffalo, Vikings, Falcons, Atlanta, Arizona Cardinals, Eagles, Cowboys, Philadelphia, Dallas, Chiefs, Dolphins, Kansas City, NFL, Miami, Ravens, Seahawks, Baltimore, Seattle, AFC, Browns, Cardinals, Buffalo Bills, Packers, Rams, Patriots, Washington, New England, New, Saints, Bears, Chicago, Colts, Panthers, Indianapolis, Carolina, Pro Football, Raiders, Giants, Las Vegas, The Raiders, Las, ESPN, Thomson Locations: Houston , Texas, USA, C.J . Stroud, Troy Taormina, Tampa, Dell, Buffalo . Buffalo, Minnesota, Miami, Frankfurt, Germany, Arizona, Green, Los Angeles, New, Foxborough, New England, New Orleans, Charlotte, N.C, Carolina, Las, New York, Las Vegas, York

☆ How Apple's thinking about AI spending and deployment differs from Big Tech rivals
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +9 min

And, of course, we've been doing research across a wide range of AI technologies, including generative AI, for years," he said. The upgraded camera uses machine-learning AI to tell the difference between a person and an animal in the frame. Laura Martin, a tech analyst at Needham, is among those who say Apple is "far behind" its big tech rivals. The early edge in generative AI is paying off for rivals, as was evidenced by Microsoft's recent earnings report. "We believe they are on the cusp of what will be the introduction of an AI App Store over the next year," he said.

Persons: Brendan Burke, That's, Tim Cook, Cook, we've, Siri, Apple, it's, Laura Martin, Martin, I'm, Ives, that's, what's, OpenAI, Google's Bard, Burke, Claude Organizations: Apple, Microsoft, Google, Vision Pro, Amazon Web Services, Bloomberg, Meta, Financial Times Locations: Cupertino, California, Seattle, Paris, Beijing, Anthropic

☆ China vice premier pushes for more Apple investment, cooperation
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

Apple CEO Tim Cook attends the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. Sales of iPhone 15 models in their first 17 days in China were down 4.5% compared to the iPhone 14, Counterpoint Research said, without providing specific figures. China in September widened curbs on the use of iPhones by state employees, telling staff at some central government agencies to stop using their Apple handsets at work. "China is willing to provide more opportunities for foreign-funded enterprises including Apple to develop in the country," Ding told Cook in a meeting on Thursday, according to Chinese state radio. Cook said Apple was confident in the prospects of Chinese market, and was willing to strengthen cooperation with China in fields including high-end manufacturing and digital economy, the state radio reported.

Persons: Tim Cook, Loren Elliott, Ding Duexiang, Cook, Cook's, Ding, Apple, Ethan Wang, Bernard Orr Organizations: Apple, REUTERS, Rights, U.S, Huawei, Research, Thomson Locations: Cupertino , California, U.S, Rights BEIJING, Beijing, China

☆ Tim Cook's latest visit to China is a sign that the iPhone is at risk of becoming the 2nd-best option for many people
▼ + stars: | 2023-10-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

The Apple CEO made his second known trip to China this year as iPhone sales struggle. The visit is a sign that Apple desperately needs to keep China on its side. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementWhen Tim Cook visited China in March this year, he was there to heap praise on the country for its history of innovation. Several months on, the Apple CEO is back on the charm offensive.

Persons: Tim Cook, —, Cook, Wang Wentao, it's, Elon Musk, Luxshare Organizations: Apple, Service, Bloomberg, Research, Huawei, Apple's Locations: China, Beijing, Chengdu

☆ Tim Cook visits China as demand for iPhone falters
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTim Cook visits China as demand for iPhone faltersCNBC's Deirdre Bosa joins 'The Exchange' to discuss Tim Cook's latest visit to China, the importance of Chinese demand for Apple, and Apple expanding its services economy.

Persons: Tim Cook, Deirdre Bosa, Tim Cook's Organizations: Apple Locations: China

☆ Tim Cook's daily routine: The schedule of the Apple CEO who wakes up at 3:45 a.m. and reads hundreds of customer emails a day
▼ + stars: | 2023-10-11 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Tim Cook is known to relentlessly question employees in meetings that can last hours. APThe Journal's 2014 article reported that Cook's weekly operations meetings could last five or six hours and that he was known to relentlessly question employees. Mike Janes, the former head of Apple's online store, told CNN Money in 2008 about an afternoon meeting with Cook. "After hours, he was still drilling us with question after question while we were watching the clock like kids in school. As a result, the Journal said, employees had learned to be prepared, cramming for the meetings as if they were tests.

Persons: he's, Cook, Tim Cook, Mike Janes, " Janes Organizations: CNN, Mets

☆ Tim Cook dumps a chunk of Apple shares this week in his biggest scheduled sale in 2 years
▼ + stars: | 2023-10-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook shed a chunk of shares in his tech giant during this week's market turmoil, making his biggest scheduled sale in two years. Cook dumped about 511,000 Apple shares in separate sales in the past three days through a 10b5-1 plan, which allows insiders to sell shares under a prearranged structure, according to a regulatory filing . Cook's action happens to fall in a week where the stock market was rattled by surging bond yields. AAPL YTD mountain Apple Shares of Apple fell 0.8% on Tuesday, but they are still positive for the week. The company also reduced the number of restricted stock units Cook would receive if he retires before 2026.

Persons: Tim Cook, Cook Organizations: Apple, Treasury Locations: InsiderScore

☆ Tim Cook says Apple is 'constantly' evaluating its decision to advertise on Elon Musk's X
▼ + stars: | 2023-09-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., June 23, 2023. Apple CEO Tim Cook said the company continues to weigh whether it should keep advertising on the platform X, after its owner Elon Musk has been accused of antisemitism. "It's something we constantly ask ourselves," Cook said in an interview with CBS' "Sunday Morning" that aired on Sunday. Cook's comments come as Musk is slated to meet with Israeli Prime Minister Benjamin Netanyahu on Monday amid escalating concerns of antisemitism on X. Musk said in a post that the talks will focus on artificial intelligence. Musk and X have disputed the allegations.

Persons: Tim Cook, Joe Biden, Elon Musk, Cook, X, Benjamin Netanyahu, Musk, —, Jonathan Vanian Organizations: Apple, White, Washington , D.C, CBS, Israeli, Nonprofit, Defamation League, ADL, Center, Twitter Locations: Washington ,

(AP) — Missouri quarterback Brady Cook spent most of last season playing through a shoulder injury so severe it required offseason surgery. 15 Kansas State, some in a sea of yellow even booed their starting quarterback. “That pissed me off when we booed our starting quarterback to start the game. “That's why he's the starting quarterback,” Drinkwitz said sharply. Quit asking me about it.”Perhaps it's time to ask what Cook and the Tigers can do this season.

Persons: Brady Cook, Louis —, Tigers —, pining, Eli Drinkwitz, Sam Horn, Cook, Harrison Mevis, ” Cook, “, Drinkwitz, That's, Bill Snyder, Horn, Luther Burden III, Mookie Cooper, Theo Wease, ” Drinkwitz, He's, Louis, Gary Pinkel, “ It's, I've Organizations: COLUMBIA, — Missouri, Tigers, Kansas State, Wildcats, SEC, South, Middle Tennessee State, Memphis, Oklahoma State, Cotton Bowl, Rams, Chaminade, Vanderbilt, LSU, Kentucky, AP Locations: Mo, Kansas, Manhattan, South Dakota, Middle, Missouri, South Carolina, Georgia, Florida, Tennessee, Arkansas

☆ Behind Warren Buffett's $100 billion-plus bet on Apple and the iPhone
▼ + stars: | 2023-09-17 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The new iPhone 15 is about to hit the stores, and Apple CEO Tim Cook might have already sent one to his most important investor — Warren Buffett. He bought Apple shares after realizing how devoted people are to its phones, and its unique ability to keep consumers spending within the Apple ecosystem. His return has been well over $100 billion on paper, making Apple Buffett's best investment over the past decade. "Our railroad is a very good business, but it's not remotely as good as Apple's business," Buffett said at the Berkshire shareholder meeting in May . The billionaire investor has called Apple Berkshire's "third-largest business," after its insurance and railroad holdings.

Persons: Tim Cook, — Warren Buffett, Buffett, Ted Weschler, Todd Combs, Ben Graham, Cook, buybacks Buffett, repurchases, Apple's Organizations: Apple, Oracle, New, Wall, CNBC Locations: Berkshire, Omaha

(AP) — Harrison Mevis kicked a 61-yard field goal with no time remaining Saturday, sending Missouri to a field-storming, come-from-behind 30-27 victory over No. Political Cartoons View All 1163 ImagesBen Sinnott added 78 yards receiving and two of the TD catches for Kansas State. Cook answered with a 47-yard touchdown heave to Burden, who spent most of the game making the Kansas State secondary look silly. And after Howard threw a pick into tight coverage, Mevis' field goal gave Missouri the lead. The Tigers tacked on a field goal early in the fourth quarter, but only after squandering a first-and-goal opportunity.

Persons: — Harrison Mevis, Brady Cook, huddling, Eli Drinkwitz, Cook, Luther Burden III, Will Howard, Ben Sinnott, Howard, JC Carlies, Phillip Brooks, Rather, Chris Tennant, Sinnott, squandering, — Cody Schrader's, Burden, St . Louis Organizations: COLUMBIA, Kansas State, The Tigers, Tigers, Wildcats, The Wildcats, SEC, Missouri, Wildcat, Kansas, Georgia, NEXT Kansas State, Big, Central Florida, Memphis, AP Locations: Mo, Missouri, Kansas, St .

☆ Apple has a big China problem that's 22 years in the making
▼ + stars: | 2023-09-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Consider the following:But as tensions rise between the US and China, Apple may be stuck in the middle. Visual China Group via Getty ImagesApple's dependency on China goes back 2 decadesChina was admitted to the World Trade Organization in 2001. The same year China joined the WTO, Apple began manufacturing in China. Apple turns its flirtatious eye to IndiaAs problems continue to mount in China, Apple is making a — perhaps long-overdue — shift to become less dependent on China. Apple is also increasing its production of iPhones in India but is still miles behind China in terms of both volume and speed.

Persons: Tim Cook, Apple, Luke Lloyd, Varney, Lloyd, Stuart Varney, Barack Obama, Donald Trump, Joe Biden, Evan Vucci, Tim Cook's, Goldman Sachs, Cook, Xi, There's Organizations: Apple, Service, Street Journal, China Development Forum, Visual China, Getty, World Trade Organization, WTO, Strategic Wealth Partners, Fox Business, Co, country's Communist Party, US, AP, Micron Locations: China, India, Wall, Silicon, South Carolina, AP China, iPhones

☆ Apple's iPhone 15 launch clouded by China problems
▼ + stars: | 2023-09-12 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

The iPhone made up more than half of Apple's $394.3 billion in sales last year, but it faces new challenges with selling in China, the Cupertino, California firm's third-largest market. Huawei wants to gain an edge on Apple with add-on features like satellite calling that relies on China's government-backed network. Apple's current iPhone lineup includes satellite capabilities, though they are meant only for emergency situations. "The truth of the matter is, we're in a very down smartphone market," said Bob O'Donnell, head of TECHnalysis Research. Reporting by Stephen Nellis in Cupertino, California; Editing by Peter Henderson and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Apple, Ben Bajarin, Bob O'Donnell, O'Donnell, Tim Cook's, Siri, Stephen Nellis, Peter Henderson, Lisa Shumaker Organizations: Apple, REUTERS, Rights, Huawei Technologies, Huawei, iPhones, Apple Watch, Creative, Counterpoint Research, TECHnalysis Research, Thomson Locations: Rights CUPERTINO , California, China, Cupertino , California

☆ Can Tim Cook act? Judge for yourself by watching Apple's surprise skit during its big iPhone event
▼ + stars: | 2023-09-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Not to be outdone, Apple CEO Tim Cook acted opposite Oscar winner Octavia Spencer, sans mask, in a surprise skit during Apple's big iPhone event on Tuesday. AdvertisementAdvertisementTim Cook acting opposite Octavia Spencer in a skit for Apple's iPhone 15 keynote. AdvertisementAdvertisementOne person tweeted "Apple's climate progress is impressive - but the most impressive part of that skit is 100% Tim Cook's acting. 🤣"While another wrote "Oddly enough one of the most impressive parts about the #AppleEvent so far is Tim Cook's acting. "I wonder how many hours of acting classes Tim Cook took for this #AppleEvent," one person wrote.

Persons: Tim Cook, Octavia Spencer, Jeff Bezos, Oscar, Cook, Spencer, — Cook, Apple mployees, Apple, we've, skeptically, Tim Cook's Organizations: Apple, Service

☆ Here's how Google plans to fight the DOJ
▼ + stars: | 2023-09-08 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

He pointed to Apple CEO Tim Cook's comments in 2018 that Google's search engine is the "best." Google isn't the only company that pays for prominent placement on browsers, Walker wrote. Consumers can easily change search engine defaults on their devices if they prefer another service. Walker wrote that consumers showed a willingness to do this in 2014 when many Mozilla users switched their default from Yahoo to Google. The DOJ and the Colorado state AG's office, which is leading the states' case, did not immediately respond to requests for comment.

Persons: Microsoft's Bing, Kent Walker, Walker, Tim Cook's, Bing Organizations: Google, District of, Court, Department of Justice, Microsoft, DOJ, Apple, Microsoft's, Yahoo, Mozilla, Big Tech Locations: District, District of Columbia, U.S, Colorado

☆ Five dead, 6 hospitalized in California bar shooting-CBS News
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

Aug 23 (Reuters) - Five people were killed in a shooting at a bikers' bar in California's Orange County, CBS Los Angeles reported on Wednesday citing sources. Six more people were in hospital after a retired law enforcement officer opened fired at the bar, the report added. There were multiple victims, the Orange Country Sheriff said in a post on social media platform X, formerly known as Twitter. The CBS report said the shooting took place at a bikers' bar called Cook's Corner in Trabuco Canyon and there was now a large law enforcement presence. The California governor's office said it was monitoring the shooting in Orange County.

Persons: Lavanya, Neil Fullick, Himani Sarkar, Michael Perry Organizations: CBS, Orange Country Sheriff, Twitter, Reuters, Thomson Locations: Orange County, CBS Los Angeles, Trabuco, California, Bengaluru

☆ Man walked into a Southern California bar and shot his soon-to-be ex-wife and several others, killing 3 and injuring 6, authorities say
▼ + stars: | 2023-08-23 | by ( Jamiel Lynch Taylor Romine Josh Campbell Cheri Mossburg | Jamiel Lynch | Taylor Romine | ) edition.cnn.com time to read: +6 min

After opening fire inside the bar, Snowling retreated to a back parking lot area and began to retrieve two more guns, Barnes said. Established in 1884, Cook’s Corner bills itself as one of the oldest and most famous biker bars in Southern California, hosting regular specials and open mic nights. Cook's Corner bar is seen in an image taken prior to the night of the shooting. “We are Saddened by the news from Cooks Corner,” the band posted on its Facebook page overnight. “Our thoughts, prayers & condolences go out to everyone in the Cooks Corner community.”“We’ve experienced major earthquakes, forest fires, floods, recessions and other disasters,” the Cook’s Corner website reads.

Persons: John Snowling, Don Barnes, Snowling, Barnes, sheriff’s, “, Jeff Hallock, Tonya Clark, Glen Sprowl Jr, John Leehey, Tetsuya Takeuchi, Snowling’s, Takeuchi, isn’t, Etienne Laurent, Shutterstock Snowling, ” Jonathan Div, ” “, Katrina Foley, Gavin Newsom, ” Newsom, ” Barnes, Todd Spitzer, ”, “ We’ve Organizations: CNN, Orange County Sheriff, Twitter, Providence Mission Hospital, Authorities, Ventura Police Department, Sheriff’s Department, Company Locations: Southern California, Orange, Orange County, Scottsdale , Arizona, Stanton , California, Irvine , California, Los Angeles, Providence, Ohio, Camarillo , California, Camarillo, California, America, Clearwater

☆ Tim Cook says he's using Apple's $3,500 Vision Pro headset daily. There are still no photos.
▼ + stars: | 2023-08-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Tim Cook wants you to know that he's using the Apple Vision Pro every single day. The Vision Pro is a major step into virtual reality, and is Apple's biggest launch since the iPhone. Tim Cook wants everyone to know he's apparently using Apple's upcoming Vision Pro headset every day, though not enough to share a selfie. A quick recap: The Apple Vision Pro is, to all intents and purposes, the company's shot at a virtual-reality headset. "There's enormous excitement around the Vision Pro," Cook insisted during the firm's quarterly earnings call Thursday.

Persons: Tim Cook, Mark Zuckerberg's, Cook, that's, We're, Sidney Ho, Alistair Barr, Apple Organizations: Apple Vision, Apple, Vision, Deutsche Bank, Apple's, Conference, VR

☆ Elon Musk wants Tim Cook to change another rule for X after taking shots at Apple for years
▼ + stars: | 2023-08-03 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk said he wants to chat with Tim Cook about Apple's App Store fee. Musk said he wants the company to change how Apple takes its fee from X subscriptions. Elon Musk wants Apple to make an exception on its App Store fee for users of X, formerly Twitter. Musk said he wants Apple CEO Tim Cook to change the fees it takes when users of its App Store subscribe to creator pages on X. That includes taking 30% of what X users pay for subscriptions on apps during the first year and 15% for following years, according to The Verge.

Persons: Elon Musk, Tim Cook, Musk, witter, egan, lue., ake, ree, hough Organizations: Apple, Morning, Twitter Locations: usk

☆ Cramer: The Cassandras are wrong about the market (again) — here's why I'm upbeat
▼ + stars: | 2023-07-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

The impossibility of any company doing anything right, or as right as the market seems to judge, serves as the only homily worth offering. You simply don't land at all. Of course, the biggest worry to this market is its two-tiered nature: The mega-cap techs versus all the rest. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Warren Buffett, It's, Jerome Powell's, Alan Greenspan, Ben Bernanke, Powell, deride Powell, —, it's, Wells, Vin Diesel, he'll, Goldman Sachs, Amy Hood, Tim Cook's, Mark Zuckerberg's pickleball, Clive Cussler, Stephen King, Lina Khan's, Jonathan Kanter, Khan, Morgan, let's, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Apple, Wells, JPMorgan, PepsiCo, Treasury, Bank of America, Microsoft, Activision Blizzard, Nvidia, Intel, Devices, Colgate, Federal Trade, Activision, Justice Department, sycophantic, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: People's Republic of China, China, Wells Fargo, America, New York

☆ Biden's Federal Reserve Board nominees clear key Senate committee
▼ + stars: | 2023-07-12 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

WASHINGTON — The Senate Banking Committee approved President Joe Biden's three nominees to the Federal Reserve Board of Governors on Wednesday, teeing up a vote in the full Senate later this year. The committee unanimously approved Philip Jefferson as Biden's nominee for vice chair of the Federal Reserve. Lisa Cook, who Biden has nominated for a full, 14-year term on the Federal Reserve Board, was approved 13-10 by the panel. The third nominee the committee advanced was Adriana Kugler, whom Biden tapped in May to join the Federal Reserve Board of Governors for the first time. Jefferson would be only the second Black person to hold the vice chair position in the history of the Fed board.

Persons: Philip Jefferson, WASHINGTON —, Joe Biden's, teeing, Jefferson, Lael Brainard, Lisa Cook, Biden, Cook, Adriana Kugler, Kugler, South Dakota Republican Sen, Mike Rounds Organizations: Federal, Capitol, WASHINGTON, Federal Reserve, Governors, Fed, National Economic, Federal Reserve Board, South Dakota Republican, World Bank, World Bank Group, U.S, American, Fed's, of Governors Locations: Washington , U.S

☆ Private jets are descending on a small-town airport as the 'summer camp for billionaires' kicks off
▼ + stars: | 2023-07-11 | by ( Grace Kay | Taylor Rains | ) www.businessinsider.com time to read: +4 min

Private jets are already arriving in Sun Valley, Idaho ahead of the "summer camp for billionaires." Private jets have already begun piling up outside of small town Sun Valley, Idaho as some of the world's most powerful people head to Allen & Co's annual conference — also known as "summer camp for billionaires." Since Tuesday morning, over 40 private jets have flown through the nearby Friedman Memorial Airport ahead of the conference, with at least another 100 scheduled to arrive throughout the day, according to FlightAware. In 2021, the airport was so swamped with private jets that the FAA had to delay incoming flights until traffic dropped. Amazon founder Jeff Bezos and OpenAI CEO Sam Altman are expected to attend the event, according to Bloomberg.

Persons: Bill Gates, Jeff Bezos, Mark Zuckerberg, —, Drew Angerer, Tim Cook —, Louis Vuitton, Bernard Arnault, Chris Pomeroy, he's, Pomeroy, Sam Altman, Bob Iger Organizations: Private, Allen, Friedman, Federal Aviation Administration, FAA, Nike, The New York Times, Staff, Getty, Embraer, Cessna, Bombardier Global, Apple, Sun, Friedman Memorial Airport, New York Times, The Washington Post, ABC, Amazon, Bloomberg, Disney, Variety Locations: Sun Valley , Idaho, Valley , Idaho, Friedman, Sun Valley

☆ Mark Zuckerberg reportedly wants to follow in Elon Musk and Tim Cook's footsteps, and sell products in China — but his past criticisms of China could haunt him
▼ + stars: | 2023-07-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Meta is in talks with Chinese tech company Tencent to bring its VR headsets to the country, WSJ reported. But CEO Mark Zuckerberg's past criticisms of China's policies may pose a challenge to his plans. Mark Zuckerberg will likely not be getting a royal welcome in China — like the one Elon Musk got in May — anytime soon. Meta is reportedly in talks with Chinese tech giant Tencent Holdings to bring its Quest virtual-reality headsets to the country, The Wall Street Journal first reported. In that same speech, Zuckerberg said he was worried that China's values could spread to other parts of the world.

Persons: Mark Zuckerberg's, Zuckerberg, Mark Zuckerberg, Elon Musk, Meta, Tencent didn't Organizations: Morning, Elon, Holdings, Street Journal, Apple, Georgetown University, Facebook, Quest Locations: China, —, Hong Kong, TikTok

The lawsuit stemmed from Cook's comment on a Nov. 1, 2018, analyst call that while Apple faced sales pressure in markets such as Brazil, India, Russia and Turkey, where currencies had weakened, "I would not put China in that category." Rogers, based in Oakland, California, said jurors could reasonably infer that Cook was discussing Apple's sales outlook in China, not past performance or the impact of currency changes. The judge also said that prior to Cook's comment, Apple knew China's economy had been slowing and had data suggesting that demand could fall. Apple and its lawyers did not immediately respond on Tuesday to requests for comment. The case is In re Apple Inc Securities Litigation, U.S. District Court, Northern District of California, No.

Persons: Tim Cook, Yvonne Gonzalez Rogers, Rogers, Cook, Apple, Jonathan Stempel, Jonathan Oatis Organizations: Apple Inc, Apple, U.S, Norfolk Pension Fund, Apple Inc Securities Litigation, Court, Northern District of, Thomson Locations: U.S, China . U.S, Brazil, India, Russia, Turkey, China, Cupertino , California, Oakland , California, Norfolk, Norwich, England, Northern District, Northern District of California, New York

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