Apple sues Israeli spyware firm NSO Group

Apple is suing Israeli spyware firm NSO Group and its parent company for allegedly targeting iPhone users with a hacking tool. NSO’s Pegasus software can infect both iPhones and Android devices, allowing operators to extract messages, photos and emails, record calls and secretly activate microphones and cameras. NSO Group said its tools were made to […]

Gap CEO defends air freight investments despite margin hit, says it’s about competing for holidays

Gap CEO Sonia Syngal on Tuesday defended the apparel retailer’s air freight investments, telling CNBC’s Jim Cramer the near-term profitability impacts were worth taking ahead of the crucial holiday shopping season. In a “Mad Money” interview after Gap’s disappointing quarterly results, Syngal said the company decided to take those costly transportation steps to overcome what […]

Zoom beats estimates even as revenue growth is poised to slow after pandemic

Zoom reported better-than-expected quarterly earnings on Monday, while warning investors of a revenue slowdown at the video-chat company as the pandemic comes to an end. Here’s how the company did: Earnings: $1.11 per share, adjusted, vs. $1.09 per share as expected by analysts, according to Refinitiv. Revenue: $1.05 billion, vs. $1.02 billion as expected by […]

Authentic Brands Group shelves IPO, to sell $12.7 billion stake to private investors

Retail conglomerate Authentic Brands Group plans to shelve a planned initial public offering and instead sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of existing stakeholders. The deal is valued at roughly $12.7 billion, was announced Monday. Authentic Brands’ portfolio companies include […]