Apple has announced a major leadership transition, confirming that Tim Cook will move into the role of executive chairman, with John Ternus appointed as the company’s next chief executive officer. The changes will take effect on 1 September 2026, following a long-term succession planning process approved unanimously by Apple’s board of directors. Cook will remain…
John Ternus, senior vice president of hardware engineering at Apple, during a company event in New York on March 4, 2026. Adam Gray | Bloomberg | Getty Images Apple said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1. Ternus, a senior…
Meta CEO Mark Zuckerberg said in a Wednesday court testimony that he reached out to Apple CEO Tim Cook to discuss the “wellbeing of teens and kids.” The comments came after the defense lawyer Paul Schmidt pointed to an email exchange between Zuckerberg and Cook from February 2018. “I thought there were opportunities that our…
Apple CEO Tim Cook. Carlos Barria/Reuters Apple has warned that rising memory chip prices have started to pressure profitability in the current quarter, echoing warnings from South Korean chip makers that are diverting production toward higher-margin memory chips that support AI workloads. “We do continue to see market pricing for memory increasing significantly,” Apple CEO…
Jerome Powell, chairman of the US Federal Reserve, during the Hoover Institution’s George P. Shultz Memorial Lecture Series in Stanford, California, US, on Monday, Dec. 1, 2025. Jason Henry | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell plans to attend oral arguments on Wednesday at the Supreme Court in a case challenging the…
Apple CEO Tim Cook Apple is stepping up its succession planning efforts as it prepares for Tim Cook to step down as chief executive of the tech giant as soon as next year, the Financial Times reported on Friday. John Ternus, Apple’s senior vice president of hardware engineering, is widely seen as Cook’s most likely…
The Supreme Court on Wednesday allowed Federal Reserve Governor Lisa Cook to remain in her post pending oral arguments in January on whether President Donald Trump has legal cause to fire her. The court’s move is a blow to Trump, who has repeatedly and unsuccessfully asked federal courts to allow him to terminate Cook from…
A federal judge on Tuesday granted a temporary restraining order blocking President Donald Trump’s firing of Federal Reserve governor Lisa Cook for now. The ruling means Cook will remain on the board of the central bank until her case is heard at length. She is allowed to continue carrying out her work during that time….
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Board Governor Lisa Cook on Thursday sued President Donald Trump to block his unprecedented attempt to fire her, setting off a legal battle that…
Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, her attorney said Tuesday. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” the lawyer, Abbe Lowell, said in a statement, a day after Trump cited allegations of mortgage fraud by Cook in firing her….
