On Thursday morning, Chloe Chan rode her scooter a couple blocks up from the home she was catsitting at in Manhattan to pick up her first iced coconut latte from Luckin Coffee As a consumer of Chinese media, Chan knew how popular the coffee was in China, so a first taste was a no-brainer for her. Chinese chain Luckin Coffee opened its first two U.S. stores in New York City’s Greenwich Village and North of Madison Square neighborhoods last Monday. Since then, the company has rolled out several promotional campaigns including $1.99 cent beverages for first-time customers and a chance for one person to win free daily coffee for a year by downloading the app...

Apple (AAPL) has announced that chief operating officer Jeff Williams will transition out of his role, though he will be staying with the company until his retirement. Sabih Khan, Apple’s senior vice president of operations, will assume the COO position later this month. Yahoo Finance Tech Editor Dan Howley reports the latest. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here...

Having worked at Apple for nearly three decades, Williams has played a significant role in introducing the iPod and iPhone programs, leading the development of the Apple Watch, and overseeing the design team, among other contributions...

Apple on Tuesday named insider Sabih Khan as its chief operating officer, taking over from Jeff Williams, as part of a long-planned succession. Khan, who has been with Apple for 30 years and is currently the senior vice president of operations, will take on the new role later this month, the iPhone maker said in a statement. Before joining Apple's procurement group in 1995, he worked as an applications development engineer and key account technical leader at GE Plastics...