Overstock CEO Patrick Byrne resigns following ādeep stateā comments, stock rises (11 minute read)
Overstock CEO Patrick Byrne has resigned from the company as of August 22. Shares rose 17 percent after the news was released, finishing up at 8.3 percent at the end of the day. Byrne was involved in the federal government's investigation into the 2016 election, and he was also previously in a romantic relationship with a Russian operative. Overstock's shares fell by more than 30 percent following the revelation that Byrne was involved with the government investigation. Jonathan Johnson, an Overstock board member, will be appointed as interim CEO. A full copy of Byrne's announcement letter is available to read.
Report: Apple will unveil overhauled MacBook Pro, āProā iPhones this fall (5 minute read)
Apple is set to release updated versions of the iPhones, Macbook Pro, Apple Watch, iPad Pro, the entry-level iPad, AirPods, and the HomePod. It is rumored that Apple is holding an event on September 10. The next versions of the iPhone XS, XS Max, and XR will have updates to their camera capabilities, a new processor, a reverse charging feature, OLED displays, and Haptic Touch. A major redesign is expected for the Macbook Pro, which may include a 16-inch screen. The entry-level iPad will have a 10.2-inch screen, and the iPad Pro models will see an upgraded camera and faster processors. Apple is also rumored to release an Apple Watch update focused on software, AirPods with noise cancelation and water resistance, and a cheaper version of the HomePod.