BUSINESS NEWS
- This Apple doesn’t fall far from the tree: Tim Cook is leaving at a peak and John Ternus is exactly the right CEO for the AI era
by Jeffrey Sonnenfeld, Steven Tian on April 21, 2026 at 1:05 amThe market's muted reaction to Apple's leadership handoff is shortsighted. Cook's deliberate, Steve Jobs–approved succession puts Apple ahead of AI rivals.
- Labor Secretary Lori Chavez-DeRemer leaves Trump’s Cabinet after allegations of having an affair with a subordinate and drinking on the job
by Seung Min Kim, The Associated Press on April 20, 2026 at 11:17 pmChavez-DeRemer is the third Cabinet member to leave her post after Trump fired Homeland Security Secretary Kristi Noem and ousted Attorney General Pam Bondi.
- Jeff Bezos’ Blue Origin grounds New Glenn rocket after a bad engine put a satellite in the wrong orbit
by Marcia Dunn, The Associated Press on April 20, 2026 at 11:04 pmNASA is counting on New Glenn to launch Blue Moon lunar landers for the Artemis moon program.
- Nike’s ‘Walkers Tolerated’ sign at the Boston Marathon was meant to fire up runners. Instead, it insulted them
by Phil Wahba on April 20, 2026 at 10:25 pmThe sign sparked a backlash that reveals deeper problems for the brand.
- Struggling AI power startup Fermi loses its CEO and CFO for ‘2.0’ reset
by Jordan Blum on April 20, 2026 at 9:50 pmFermi touts “acceleration in customer conversations” since the leadership changes.
- ‘Tethered to a galaxy far, far away’: Former diplomats doubt Trump’s Iran talks can deliver in final 48 hours
by Eva Roytburg on April 20, 2026 at 9:37 pmOil is already climbing again after the ceasefire started withering this weekend.
- $166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
by Sasha Rogelberg on April 20, 2026 at 9:29 pmU.S. Customs and Border Protection launched an electronic tariff refund portal on Monday, the first step in U.S. importers getting their refunds.
- Meet John Ternus, the 51-year-old former swimming champ who will succeed Tim Cook as Apple CEO
by Dave Smith, Fortune Editors on April 20, 2026 at 9:11 pmApple 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.
- Apple CEO Tim Cook is stepping down, and hardware boss John Ternus will be new CEO
by Alexei Oreskovic on April 20, 2026 at 9:04 pmThe CEO change ends an extraordinary run by Cook, who succeeded Apple's legendary co-founder Steve Jobs as CEO in 2011, stepping into perhaps the biggest shoes to fill in business history.
- Billionaire Connie Ballmer just donated $80 million to support NPR after Trump cut $1.1 billion from public broadcasting
by Jacqueline Munis on April 20, 2026 at 4:21 pmBallmer and an anonymous donor gifted the network more than $110 million to support digital transformation and local stations.