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(Bloomberg) -- In one of Apple Inc.’s biggest board shake-ups in years, longtime directors Al Gore and James Bell will be retiring from the company, with former Aerospace Corp. Chief Executive Officer Wanda Austin coming aboard.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringUK’s Sunak Authorizes Joint Military Strikes With US Against HouthisHertz to Sell 20,000 EVs in Shift Back to Gas-Powered CarsUS, UK Launch Airstrikes on Houthi Rebels After Red Sea Attack...
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Al Gore is stepping down from Apple’s Board of Directors – but only because he’s too old to be renominatedreelected...
Continue ReadingApple board of directors is getting a shake up. Longtime Apple board member Al Gore is retiring from the board, the company announced Thursday. “For more than 20 years, Al has contributed an incredible amount to our work—from his unconditional support for protecting our users’ privacy, to his incomparable knowledge of environment and climate issues,” Apple Chief Executive Tim Cook said in a statement...
Continue ReadingU.S. stocks closed little changed on Thursday as news of hotter-than-expected inflation and signs of labor market strength dampened hopes for early interest rate cuts by the Federal Reserve this year, but a fall in Treasury yields kept declines in check. In a choppy session, equities opened higher and the benchmark S&P 500 briefly surpassed its record closing high of 4,796.56, hit in January 2022, before erasing initial gains. After ending 2023 with a strong rally, stocks have struggled to find upward momentum, with the S&P 500 up only 0.21% on the year, as mixed economic data and Fed officials' comments have led investors to scale back expectations for the timing and size of any rate cuts from the U.S. central bank this year...
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CUPERTINO, Calif., January 11, 2024--Apple® today announced Dr. Wanda Austin, former president and CEO of The Aerospace Corporation, has been nominated for election to Apple’s board of directors. Dr. Austin brings decades of science and technology experience to her role, and she has a significant track record of advancing innovation and shaping corporate strategy...
Continue ReadingFor a few hours on Thursday, Microsoft overtook Apple in market value. Apple was back on top by the end of the day...
Continue ReadingMicrosoft briefly overtook Apple as the world's most valuable company on Thursday...
Continue ReadingThe last time Microsoft was ahead of Apple in terms of market valuation was November 2021, according to Dow Jones Market Data...
Continue ReadingMicrosoft earlier Thursday [moved above Apple](https://www.wsj.com/finance/stocks/microsoft-dethrones-apple-as-the-largest-u-s-company-c64d5075) as the U.S. company with the largest market cap. Those two have since handed that honor back and forth, but if the software giant closes the day in the top spot it will be the first time the iPhone maker hasn't been there since 2021...
Continue ReadingMicrosoft’s AI-powered stock rally has made the software giant the largest U.S. company by market value, surpassing Apple for the first time since November 2021...
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