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The Latest Breaking News from Fortune

Meet John Ternus, the 51-year-old former swimming champ who will succeed Tim Cook as Apple CEO

Apple just announced Tim Cook will become executive chairman of Apple’s board of directors and John Ternus, senior vice president of hardware engineering, will become Apple’s next CEO.

Fortune

Apple CEO Tim Cook is stepping down, and hardware boss John Ternus will be new CEO

The CEO change ends an extraordinary run by Cook, who succeeded Apple’s legendary cofounder Steve Jobs as CEO in 2011, stepping into perhaps the biggest shoes to fill in business history.

Fortune

White House–backed USA Rare Earth makes $3 billion acquisition in South America

USA Rare Earth is building a global supply chain across the U.S., South America, and Europe.

Fortune

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Palantir wants to bring back the draft just as the Selective Service preps for automatic registration

“We should, as a society, seriously consider moving away from an all-volunteer force and only fight the next war if everyone shares in the risk and the cost.”

Fortune

Data centers now account for half of all new U.S. electricity use, just as Americans start to sour on AI

Data centers—like the AI models being trained in them—have become a political flash point.

Fortune

Ford CEO says Tesla doesn’t have an ‘updated vehicle,’ and now he’s pivoting to catch up with his real competitor: China’s BYD

Ford CEO Jim Farley drove a Chinese EV for six months and liked it so much he didn’t want to give it back. Now he’s overhauling Ford.

Fortune

This talent CEO says laid-off tech workers are ignoring a $300K ‘white-collar trade job’ with 81K openings a year

As AI layoffs threaten the white-collar workforce, the $700 billion data center build-out is minting six-figure technician roles, and employers can’t fill them fast enough.

Fortune

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Billionaire Connie Ballmer just donated $80 million to support NPR after Trump cut $1.1 billion from public broadcasting

Ballmer and an anonymous donor gifted the network more than $110 million to support digital transformation and local stations.

Fortune

UAE officials reportedly warned they may be forced to use yuan or other currencies if they run low on dollars amid the Iran war

Any pivot away from the dollar by a top oil producer would represent a major threat to the currency’s supremacy.

Fortune

Italian court rules every Netflix price hike from 2017 to 2024 unlawful and orders the company to refund subscribers up to 500 euros

According to Italian consumer law, companies cannot unilaterally alter subscription prices without stating a legitimate justification in the contract.

Fortune

Nvidia CEO says that AI agents will make workers busier than ever—they’ll ‘harass’ and ‘micromanage’ you, instead of take your job

Jensen Huang, CEO of $4.8 trillion tech giant Nvidia, says AI will help humans explore space, get better at their jobs, and live more cost-effectively.

Fortune

Spirit Airlines looked like it was in the clear of reemerging from bankruptcy, but rising fuel costs threaten its exit

The budget-friendly airline had planned to exit its second bankruptcy by the summer. Now, it’s at risk of liquidation.

Fortune

It’s crunch time for Kevin Warsh: Here’s how he might try to begin selling the idea of rate cuts. It requires some complex economic gymnastics

“In a way, one can afford a lower interest rate with a smaller balance sheet.”

Fortune

Current price of oil as of April 20, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

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Fortune

Top HR leaders warn against using AI as cover for mass layoffs

HR leaders warn that using AI to justify layoffs is a shortsighted strategy.

Fortune

Warren Buffett’s favorite market indicator is flashing a warning

A new Fortune analysis breaks down what it means for investors today.

Fortune

The crypto industry and prediction markets share a mission of disruption—but it’s not clear where crypto fits in

Big crypto players Coinbase and Robinhood view platforms like Polymarket and Kalshi as allies and rivals.

Fortune

The hidden ROI of AI: What leaders should actually measure

How enterprises can bridge the gap between AI experimentation and real business impact.

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Fortune

How Carvana went from a 99% stock plunge to record profit in 3 years

Carvana has staged a strong comeback since its near-collapse in 2022.

Fortune

Private markets have soared to $10 trillion in AUM. But why have they underperformed public markets?

The private markets hold a contradiction that’s potentially nearing a turning point.

Fortune

U.S. stock futures tumble as Iran refuses Trump's 'deal' and Strait stays shut

Everything you need to know before you reach the office this morning.

Fortune

Cisco's John Chambers lived through the dot-com crash. He says the AI bubble is harder to navigate

Also: All the news and watercooler chat from Fortune.

Fortune

Southeast Asia’s short-term solution to the global energy crunch? Russian crude

Malaysia joins a growing number of Southeast Asian nations hoping to tap Russia’s stocks of crude oil.

Fortune

Exclusive: Your delivery robot will now offer the blind real-time, on-the-ground eyes around sidewalk hazards

Coco Robotics is partnering with BlindSquare, the world’s most popular GPS app for the blind, to turn data from delivery robots into spoken alerts.

Fortune

The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely

“Making progress to address the fiscal trajectory would be a positive for the U.S. economy,” Swagel said. “We can’t go on [with] the scolding narrative.”

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