Apple’s latest delays and product updates are in the news—Steve Jobs, co-founder of Apple, revolutionized tech with the personal computer.
Futures decline as conflict in Iran continues with no clear end. Oil prices hit new highs, driven by Iran's threats and disruptions to the Strait of Hormuz. Markets remain cautious, with investors wary of prolonged conflict and economic fallout.
Apple has announced that Tim Cook will step down as CEO and become executive chairman on Sept. 1, 2026, and that John Ternus, head of hardware engineering, will succeed him. Ternus has been at Apple for 25 years and will inherit challenges including AI development, supply‑chain vulnerability in China, and the need for new product momentum.