- BusinessBusiness Insider•20 hours ago
America's largest supermarkets are slashing prices amid ongoing food-price deflation and growing pressure from the rapid expansion of discount-grocery chains like Aldi. The price cuts are squeezing profits and dragging down company shares. Kroger, Whole Foods, Sprouts Farmers Market, and Dollar General have seen their stock prices drop a collective 13% in the last three months.
- BusinessInvestopedia•2 days ago
Upon completing his five-year anniversary this month, Apple, Inc. (AAPL) CEO Tim Cook was awarded 1.26 million shares of the Cupertino-based tech giant, according to a recent filing with the Securities and Exchange Commission. The shares, which were restricted prior to Cook's fifth year, were valued at around $135 million. But Cook wasted no time cashing in. According to recent SEC filings, Cook has sold a total of $65 million worth of Apple shares -- about 600,000 -- over the past couple of weeks, netting $36 million and $29 million is proceeds. The filing also reveal that Cook opted to forfeit another $71 million worth of shares to cover taxes from this jackpot he has received from the company.