Carlyle sold a troubled loan it provided to iRobot less than three years ago as the maker of Roomba vacuum cleaners is trying to stave off a potential bankruptcy filing https://t.co/QAYNjGtux5 ...

Apple on Monday named veteran researcher Amar Subramanya as its vice president of AI, replacing John Giannandrea. ...

Core Viewpoint - Apple announced the resignation of John Giannandrea, Senior Vice President of Machine Learning and AI Strategy, who will serve as a consultant until his retirement in spring 2026. The company also appointed renowned AI researcher Amar Subramanya as Vice President of AI, reporting to Craig Federighi, to lead key areas including foundational models, machine learning research, and AI safety and assessment [1][2]. Group 1 - John Giannandrea will transition to a consulting role until his retirement in spring 2026, marking a significant change in Apple's AI leadership [1]. - Amar Subramanya has joined Apple as Vice President of AI, tasked with overseeing critical areas of AI development [1]. - The teams previously led by Giannandrea will be reassigned under Sabih Khan and Eddy Cue to enhance collaboration with other departments [1]. Group 2 - Giannandrea's departure was anticipated, as Apple had previously announced delays in the rollout of the updated Siri, originally planned for 2025, now pushed to spring 2026 [2]. - Reports indicated that Giannandrea's influence within the company had been diminishing, with preparations underway for a future without his leadership in AI [2].

Core Insights - Apple has appointed an outsider to lead its machine-learning research and foundation models efforts [1] Company Developments - The new leader will focus on enhancing Apple's capabilities in machine learning [1] - This move indicates Apple's commitment to advancing its technology in artificial intelligence [1] Industry Implications - The appointment reflects a broader trend in the tech industry where companies are increasingly investing in AI and machine learning [1] - This strategic shift may position Apple to better compete with other tech giants in the AI space [1]

Key TakeawaysU.S. Treasury Secretary Bessent announced a federal investigation into allegations that Minnesota tax dollars may have been diverted to the terrorist organization Al-Shabaab.Shanghai Bao Pharmaceuticals has launched a global offering of 37.9 million H-shares, signaling a significant move for the biotech firm on the Hong Kong Stock Exchange.Apple (AAPL) is set for a major leadership transition in its Artificial Intelligence division, with AI Chief John Giannandrea retiring in Spring 2026 and a n ...

Core Insights - John Giannandrea, Apple's senior vice president for Machine Learning and AI Strategy, is retiring and will serve as an advisor until spring 2026 [1][2] - Amar Subramanya has joined Apple as vice president of AI, reporting to Craig Federighi, and will lead key areas such as Apple Foundation Models and AI Safety [1][3] Leadership Changes - Giannandrea has been instrumental in building Apple's AI and ML strategy since joining in 2018, leading a team responsible for critical AI technologies [2] - Subramanya brings extensive experience from Microsoft and Google, which will enhance Apple's innovation in AI and ML [3] Strategic Direction - Tim Cook emphasized the importance of AI in Apple's strategy and expressed gratitude for Giannandrea's contributions [4] - The leadership changes are expected to strengthen Apple's commitment to advancing AI technologies and delivering personalized user experiences [4]

Market Overview - US stocks experienced a decline at the start of December, with the Nasdaq Composite dropping 0.4%, the S&P 500 falling around 0.5%, and the Dow Jones Industrial Average sliding approximately 0.9%, or over 400 points [1] - Bitcoin's value decreased significantly, losing over 7% and dipping below $85,000, indicating a risk-off sentiment in the market [2] Company Performance - Nvidia, a major player in AI chips, initially fell but later gained over 1% [2] - Apple stock rose over 1.5%, reaching a record closing price [2] Economic Indicators - December is usually a strong month for stocks, but strategists suggest that the anticipated Santa Claus rally may not occur this year due to heightened uncertainty from various events, including President Trump's tariff initiatives [3] - The focus remains on the Federal Reserve's interest rate decisions, with over 85% of market bets on a quarter-point reduction at the upcoming meeting [4] - Economic data releases are expected to influence rate expectations, with the delayed September Personal Consumption Expenditures (PCE) index being a key highlight [5] Federal Reserve Leadership - Wall Street is preparing for a potential leadership change at the Federal Reserve, as President Trump has indicated he has chosen a replacement for Fed Chair Jerome Powell, with Kevin Hassett being a likely candidate [6]

Market Overview - US stocks experienced a decline at the start of December, with the Nasdaq Composite and S&P 500 both dropping around 0.4%, and the Dow Jones Industrial Average sliding approximately 0.7% after a five-day gain in late November [1] - Bitcoin's value fell over 7%, dropping below $85,000, indicating a risk-off sentiment in the market [2] Company Performance - Nvidia's shares initially fell 1% but later gained in afternoon trading, reflecting volatility in the AI chip sector [2] - Apple stock rose 0.8%, reaching an intraday high of $281.21 per share, showcasing strength in the tech sector [2] Economic Indicators - December is usually a strong month for stocks, but analysts suggest that the anticipated Santa Claus rally may not occur this year due to heightened uncertainty from various events, including President Trump's tariff initiatives [3] - The Federal Reserve's interest rate decisions are under scrutiny, with over 85% of market bets on a quarter-point reduction at the upcoming meeting, influenced by supportive comments from Fed officials [4] - Economic data releases are expected to normalize following the government shutdown, with the Personal Consumption Expenditures (PCE) index set to be released on Friday, which is the Fed's preferred inflation measure [5] Federal Reserve Leadership - Wall Street is preparing for a potential leadership change at the Federal Reserve, as President Trump has indicated he has chosen a successor for Fed Chair Jerome Powell, with economic adviser Kevin Hassett being a likely candidate [6]

Apple, Inc. (AAPL) stock has held up well over the last month despite a tech sell-off. Based on its strong free cash flow (FCF) and FCF margins, AAPL could still be worth 17% more. Moreover, selling short out-of-the-money (OTM) put options over the last month has worked well. AAPL stock is at $277.90 in morning trading on Monday, Dec. 1, 2025. That is up slightly (+2.785%) from a month ago, when it closed at $270.37 on Oct. 31. More News from Barchart AAPL stock - last 3 months - Barchart - As of Dec. 1, ...

Core Insights - The PS5 is currently being offered at a $100 discount, making it a competitive deal especially after a recent price hike earlier this year [2][5] - Bundles are available from retailers like Amazon and Walmart, which include exclusive Fortnite cosmetics for both Digital and Disc editions [2] - The PS5 Slim Digital Edition is priced at $399, while the standard PS5 with a disc drive is typically $449, providing options for different gaming preferences [7][8] Pricing and Discounts - The PS5 Slim Digital Edition is discounted by 20%, from $499 to $399, while the standard PS5 is discounted by 18%, from $549 to $449 [7][9] - The PS5 Pro, which offers enhanced specifications, is available at a discount of 13%, from $749 to $649, appealing to high-performance gaming enthusiasts [11] Accessories and Additional Offers - The DualSense Edge Wireless Controller is discounted by 20%, now priced at $159.99, featuring customizable buttons and swappable analog sticks [13] - The PlayStation Portal, a handheld system for streaming PS5 games, is available at $178.99, reflecting an 11% discount from its original price [16] - The SteelSeries Arctis Nova 7P headset is offered at a significant 40% discount, now priced at $119.99, providing a good option for gamers seeking quality audio [19]