Democrats Press Firms About Trump Ballroom Donations

Apple is set to see significant leadership changes as Lisa Jackson, who has spearheaded sustainability initiatives, plans to retire in January, and Kate Adams, the company's general counsel, is expected to retire late next year. These departures add to a growing list of executive exits from the tech giant.

Apple has appointed Meta's Newstead as its new general counsel, a move that comes amid significant executive changes within the company. This transition reflects Apple's ongoing efforts to strengthen its leadership team in response to evolving market dynamics.

The latest Market Talks provide insights into the performance of major tech companies, including Snowflake, Salesforce, Meta, and C3.ai, highlighting their recent earnings and market reactions. Salesforce reported a strong Q3 2026 performance, exceeding forecasts, while Snowflake faced challenges with its revenue outlook, leading to a decline in share price despite some positive earnings reports.

Meta is reportedly planning to reduce its metaverse spending by up to 30% as CEO Mark Zuckerberg shifts the company's focus towards artificial intelligence initiatives. This decision reflects a significant strategic pivot in response to evolving market conditions and internal assessments of project viability.

US senators are advancing a bipartisan bill aimed at blocking Nvidia from selling advanced AI chips to China, reflecting growing concerns over national security and the potential transfer of sensitive technology to Beijing.

Meta has announced a significant reduction in resources allocated to its metaverse initiatives, with CEO Mark Zuckerberg indicating that the savings will be redirected towards other futuristic projects within Reality Labs. This decision marks a strategic shift in the company's focus amid evolving market conditions.

US stocks experienced small gains on Thursday, buoyed by stronger-than-expected jobs data, which did not alter expectations for a Federal Reserve rate cut next week. Meta's stock surged due to budget cuts, reflecting a positive response from investors.

US equity futures are maintaining gains as discussions arise regarding Treasury Secretary Scott Bessent potentially leading the National Economic Council alongside his current role, contingent on President Trump's expected nomination of Kevin Hassett as the next Federal Reserve chair. This development comes amid ongoing labor market data analysis.