Shares of Twitter plunged Tuesday morning after news that COO Anthony Noto is leaving his post to take over as the top dog at fintech start-up SoFi. Plus shares of Adobe rise on a raised forecast, thanks in part to the Trump tax cuts.
We also break down Netflix earnings, which were out after the bell on Monday. The company added 2 million more subscribers than expected, sending the stock soaring and pushing its market cap above $100 billion for the first time.
And Xerox is in New York to take part in a security summit. We speak with the company's executive vice president and chief commercial officer about what it's doing to protect itself from cyber attacks.
Plus Tesla CEO Elon Musk has a new compensation package. We talk about how you might want to trade the stock if it keeps rising.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
