Finance

Samsung reports weakest profits in two years

Samsung today announced its 2019 first-quarter earnings and the numbers don't look good: operating profits fell to $5.4 billion, a 60 percent decline marking the weakest results since late 2016 and a far cry from the $13.4 billion in operating profits it captured in the year-ago quarter.

Tim Cook’s set for a $120 million payday this week

Tim Cook's about to collect a huge financial reward. On Friday, Aug. 24, the Apple CEO will receive additional shares in Apple worth around $120 million. The award is tied to Cook's continued service at the world's largest publicly traded company and Apple's relative performance on the stock market during his tenure as CEO, according to Bloomberg.