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Tim Cook Retires as CEO: Hardware Chief John Ternus to Lead Apple into New Decade

Tim Cook will transition to Executive Chairman on September 1, 2026, with Hardware Engineering head John Ternus becoming Apple's new CEO.

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Tim Cook Retires as CEO: Hardware Chief John Ternus to Lead Apple into New Decade

Apple Inc. has announced a historic leadership transition, with Tim Cook stepping down as CEO effective September 1, 2026. Cook, who took the helm in 2011 following Steve Jobs, will remain with the tech giant as Executive Chairman of the board. During his nearly 15-year tenure, Cook transformed Apple into a $4 trillion powerhouse, overseeing the launch of iconic products like the Apple Watch and AirPods while expanding the company’s services ecosystem.



Succeeding him is John Ternus, Apple's current Senior Vice President of Hardware Engineering. Ternus, a 25-year veteran of the company, has been a key figure in the development of the iPhone, iPad, and the transition to Apple Silicon. As part of this planned succession, Cook will spend the summer working closely with Ternus to ensure a seamless handover. In his new role, Cook will focus on strategic governance and global policy engagement, while Ternus takes responsibility for steering Apple’s next era of innovation.

Democrats Score Major Victory in US Midterm Elections, Take Control of Senate

The Democratic Party has made significant gains in the 2026 US midterm elections, securing control of the Senate and moving closer to winning a majority in the House of Representatives. The results mark a major political setback for President Donald Trump and the Republican Party.

US Fed Holds Interest Rates Steady as Inflation and Living Costs Remain Major Concerns

The US Federal Reserve has kept interest rates unchanged despite persistent inflation and rising living costs, balancing price stability against a weakening labor market and growing economic risks.

Spain Train Collision Kills 68, Dozens Injured in Deadly Rail Disaster

At least 68 people have died and dozens more have been injured after two high-speed trains collided in central Spain on Wednesday morning. The crash sent several carriages off the tracks and raised initial concerns over a computer system failure and possible human error.

Anthropic Files for IPO, Eyes Potential $100 Billion Fundraising

Anthropic, the developer of Claude AI, has filed for an Initial Public Offering (IPO) in the United States, seeking a Nasdaq listing under the ticker symbol “ANT.” Reports suggest the offering could raise up to $100 billion at a valuation of $1.5 trillion to $2 trillion, potentially setting a new record for the world’s largest IPO.

Israel and US Elections Set to Shape Global Politics and Economic Outlook

Upcoming elections in Israel and the United States could have significant implications for Middle East security, the future of the conflict with Iran, US-Israel relations, and the global economy, with energy prices and military spending emerging as key concerns.

US Reportedly Suspends Green Card Processing for Eight Major IT Firms, Raising Concerns for Indian Workers

Reports claim that the Trump administration has suspended Permanent Labor Certification (PERM) processing for eight major technology companies, including TCS, Infosys, Wipro, HCL, Microsoft, Adobe, Cognizant, and Capgemini. If confirmed, the move could delay employment-based green card applications for some Indian IT professionals working in the United States. However, the reported suspension and its scope require official verification.