It’s no secret that CEO pay is out of control. A 2024 study from the Economic Policy Institute found that it’s risen an astronomical 1,085% since 1978, compared to a paltry 24% rise in typical workers’ pay.
Category: Tim Cook
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Tourism’s perfect storm, Walmart and Costco’s gas stations, and Musk leaves DOGE: Business news roundup
On a recent Finnair flight from Helsinki to Los Angeles, something felt off. The economy cabin — typically packed with tourists eager to explore California’s beaches and theme parks — was less than half full. A flight to Europe two months earlier had been packed to the gills, but this flight had entirely empty rows, a…
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Apple is falling behind its Magnificent 7 rivals. Here’s why
The “Magnificent Seven” tech stocks led the market’s post-pandemic boom. But as Big Tech sprints into the AI future, one big name is falling dangerously behind: Apple (AAPL). Once an undisputed tech heavyweight, it risks becoming the least magnificent of them all.
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Trump’s relationship with Apple is souring
The president floated a 25% tariff on iPhones imported into the U.S. on Friday, adding that Apple (AAPL) would foot the bill.
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Trump’s new tariff threats could mean the Fed waits longer to cut interest rates
The Federal Reserve might have to sit tight for longer before changing interest rates, a top Fed official said.
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Trump threatens Apple with 25% tariff to force iPhone manufacturing into US
Donald Trump woke up Friday morning and threatened Apple with a 25 percent tariff on any iPhones sold in the US that are not manufactured in America.
In a Truth Social post, Trump claimed that he had “long ago” told Apple CEO Tim Cook that Apple’s plan to manufacture iPhones for the US market in India was unacceptable. Only US-made iPhones should be sold here, he said.
“If that is not the case, a tariff of at least 25 percent must be paid by Apple to the US,” Trump said.
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Trump threatens Apple with 25% tariffs if it doesn’t make iPhones in America
President Donald Trump is again escalating pressure on U.S. trade partners – as well as the tech companies caught in the middle.
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Smartphone exports from China to the U.S. are plunging
Apple (AAPL) iPhone exports from China to the U.S. dropped sharply last month, a casualty of the ongoing trade war between the world’s largest economies.
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Nvidia gets an AI boost, Meta hits a AI roadblock, and Apple’s brutal year: Tech news roundup
Meta (META) reportedly has delayed the release of its latest artificial intelligence model, known internally as “Behemoth,” raising concerns among employees about the effectiveness and direction of the company’s massive AI investments.
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7 countries Apple relies on to make iPhones
President Trump took a shot at Apple’s CEO Tim Cook for moving much of the production of the iconic iPhone from China to India to evade tariffs. But experts paint a more complicated picture. While the iPhones may be assembled largely in China or India, the components of an iPhone represent a veritable Olympic village…