In 2011, Apple Inc (NASDAQ: AAPL) co-founder Steve Jobs announced his resignation as the company's CEO, just six weeks before his death. As an obvious successor, Tim Cook then took over as the company's new CEO.
Since October 2021, the communications sector has been lagging behind the S&P 500, and is down 36% year-to-date. As consumer discretionary spending is decreasing due to inflationary pressures, phone and internet services will likely continue to generate revenue as internet connectivity remains a priority for most people.
Verano Expands In Pennsylvania With New Store
Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) opened its 15th affiliated PA dispensary, Zen Leaf New Kensington.
Tesla, Inc.’s (NASDAQ: TSLA) China wholesale sales rebounded strongly in August, data from China Consumer Passenger Car Association showed, according to CnEVPost.
As the second quarter earnings season wraps up, it's evident that the technology sector was among the hardest hit sectors. According to CSI Markets, the technology sector's performance is down 23% year-to-date as of Aug. 29, 2022.