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Apple names John Ternus new CEO as Tim Cook steps down after 15 years; markets react to rising oil and inflation concerns.

Market News
01 Sep 2026
CNBC
View Source
Neutral
Apple names John Ternus new CEO as Tim Cook steps down after 15 years; markets react to rising oil and inflation concerns.

John Ternus officially becomes Apple's new CEO, succeeding Tim Cook who moves to executive chairman after 15 years. This leadership change comes as Apple prepares for its annual product launch next week. Meanwhile, global bond yields rise due to inflation worries and climbing oil prices amid renewed Iran conflict tensions. The U.S. faces growing economic challenges discussed at the G20 meeting, including debt and growth strategies. Additionally, Amazon faces a major lawsuit over alleged advertiser overcharging, and TikTok launches its e-commerce service in the U.S., signaling growth in livestream shopping.

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