Gap shares jumped after the company named a retail industry veteran to head Old Navy and reported profit that beat estimates, offsetting a sales decline at the value chain and lower sales guidance. Meanwhile, Apple's Tim Cook handed over the CEO role to John Ternus on Tuesday, capping a tenure that cemented the company as an iconic global brand and made its stock one of the most reliable bets. Shein Global Holdings' long-awaited market debut comes at an awkward time, as the fast-fashion retailer's peak growth years are behind it, with tariffs, regulatory pressure, and intensifying competition making its next phase harder.
Apple Inc.
Applovin CorpThe Gap, Inc.Profit beat and new Old Navy chief appointment boost shares.
