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The iPhone maker increased John Ternus’s annual salary the day he officially took the helm of Apple.

The iPhone-maker has followed Google on its maps app after President Trump’s order to rename Lake Ontario.

$4.8 trillion Apple’s market capitalization sits at nearly this number, just below its late July peak. It is a massive figure that translates to more than 30 times next year’s expected profit, well over the earnings multiple of the broader S&P 500 index at 20 times.

Investing.com -- Apple has set John Ternus’ annual salary at $3 million as he takes over as chief executive, while the company outlined a new compensation structure for both Ternus and longtime CEO Tim Cook in a regulatory filing on Tuesday.

Tim Cook isn’t just passing the torch, he’s handing over one of the corporate world’s biggest successes.

Find insight on ASML Holding, Tencent, MediaTek and more in the latest Market Talks covering technology, media and telecom.

On this episode of Stock Movers: - Gap (GAP) shares jumped after naming a retail industry veteran to head Old Navy and profit outpaced estimates, offsetting a sales decline at the value chain and lower sales guidance. - Apple's (AAPL) Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets. - Shein Global Holdings' shares long-awaited market debut has come at an awkward time: the fast-fashion retailer's peak growth years are behind it just as tariffs, regulatory pressure and intensifying competition are making its next phase harder.

Yahoo Finance's Josh Lipton takes a closer look at the top stories for investors to watch on Tuesday, Sept. 1, including John Ternus's first day as Apple (AAPL) CEO, quarterly earnings from Dell (DELL) and Palo Alto Networks (PANW), and July's Job Openings and Labor Turnover Survey (JOLTS).

Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocket to $4.6 trillion thanks to the iPhone's enormous popularity. The transition to a new CEO comes at a pivotal time for Apple. Artificial intelligence has unleashed the greatest upheaval within the industry since Steve Jobs unveiled the first iPhone in 2007.

By Aditya Soni Sept 1 (Reuters) - When Tim Cook took over as Apple's CEO, he did not try to fill the big shoes of its legendary founder and product visionary Steve Jobs.

Apple's incoming CEO John Ternus will have a lot on his plate when he takes over Sept. 1.

Apple Inc.’s Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets.

John Ternus takes with a balance sheet that looks nothing like Big Tech’s, and that may turn out to be the whole point.

Apple Inc. escalated its legal battle against OpenAI, claiming in a new court filing that OpenAI is actively destroying crucial evidence and that former iPhone engineer Chang Liu “not only downloaded a confidential Apple circuit schematic but also used it in his work” at the AI company.

A grandfather found a legal way to hand off a massive Apple stock gain to his grandson without triggering a federal tax bill, and the method hinges on one income threshold most families never think to check.

Apple may be about to rewrite the economics of the iPhone

Since Tim Cook took over as Apple's CEO in 2011, the iPhone maker's stock has soared more than 2,200%. Annualized, that gives investors a price move of about 23.5% a year, more than twice the annual gain of the Dow industrials and easily more than the S&P 500 and Nasdaq composite.

Tim Cook stepped down as Apple CEO on Monday, leaving parting words to the company's employees who, he wrote, "share a belief that what we build matters."

Apple will see a changing of the guard Tuesday as John Ternus takes over as CEO of the consumer electronics giant.

Jim Cramer just put a Brazilian mining giant in the same sentence as cryptocurrency, and his reasoning has everything to do with where he thinks inflation is headed next.

Goldman Sachs' Eric Sheridan joins Yahoo Finance Executive Editor Brian Sozzi to break down the market's reaction to Alphabet’s (GOOG) latest earnings report, Google’s brain drain, and why the launch of Gemini 4 could completely flip the narrative.

To help the company reach new heights, John Ternus must take it beyond the supply chain mastery of Tim Cook, who built it into a $5 trillion colossus.

Today Meetings: G20 finance ministers and central-bank governors meeting Economic data: Texas manufacturing outlook survey, agricultural prices, portfolio holdings of foreign securities, preliminary results Tomorrow Executive Moves: John Ternus succeeds Tim Cook as Apple’s CEO Fed speaker: Fed governor Michael Barr, 9:05 a.

Apple's supply chain move could protect margins before the next tariff shock.

A roiling bond market hits jobs week — but the quarter's earnings season isn't done yet.

Slatestone Wealth Chief Market Strategist Kenny Polcari, F.L. Putnam Investment Management Co. Chief Market Strategist and Portfolio Manager Ellen Hazen, and Prime Capital Financial Chief Investment Officer Will McGough join Yahoo Finance's Brooke DiPalma to discuss Nvidia's (NVDA) latest earnings report, concerns about circular financing, and whether it's the end of the Magnificent Seven's lackluster performance.

Futures wavered while Treasury yields rose before Fed chief Kevin Warsh's Jackson Hole speech. Marvell, Affirm, PayPal are big movers.

The majority of US companies holding $100 billion in potential tariff refunds haven't pledged to ret

A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings Inc., according to people familiar with the matter.

The ETF milestone challenging the S&P’s biggest names