Tesla (TSLA) CFO Zach Kirkhorn has stepped down from his role at the EV maker. The Apple (AAPL) iPhone 15 is set to debut on September 22, ahead of device sales slowdowns reported by Apple. Paramount (PARA) reports mixed earnings results, citing challenges in broadcast TV advertising. Yahoo Finance Live's Diane King Hall highlights several of Monday's top stories.
This post was written by Luke Carberry Mogan.
Video transcript
DIANE KING HALL: Here's what you need to end your day.
Changes at the helm, Tesla CFO Zachary Kirkhorn steps down after four years in the role.
Kirkhorn had been at the company for 13 years.
Tesla's chief accounting officer was appointed to the position.
Kirkhorn's departure marks the second CFO replacement at Tesla in just over four years.
Meantime, Apple is launching another iPhone.
The unveil is expected on September 22.
It's anticipated to be the most technologically advanced device in three years, according to Bloomberg.
The company did warn last week that the industry is facing an iPhone slowdown.
Apple reported slowing sales of the iPhone in the second quarter.
The company blaming the slowdown on currency headwinds but also admitting US shoppers are not buying the iPhones as much as they once did.
Paramount shares jumping after the company reported mixed quarterly results.
Paramount also announcing that KKR will purchase Simon and Schuster in a $1.62 billion all-cash deal.
The difficult TV ad market, however, continued to be a headwind with linear ad revenue slumping 10% year-over-year.
Management maintaining that the second half of the year will see improvements in the ad market.