Tech sector drags indices, Apple C-suite shake up, Paramount offer purchase offer withdrawn
Update: 2024-08-27
Description
Morning Brief hosts Brad Smith and Madison Mills guide investors through the market open, covering the biggest industry stories and talking to top Wall Street and economic experts.
Takeaways:
- Tech drags the S&P 500 and Nasdaq lower.
- Apple CFO Luca Maestri will step down at the beginning of 2025 and transition into a new executive role on Apple's Corporate Services team.
- Media mogul Edgar Bronfman Jr. withdraws $6B offer to acquire Paramount parent company National Amusements.
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