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Apple announces CEO Tim Cook's transition to Executive Chairman; John Ternus named successor

Apple announced that CEO Tim Cook will transition to Executive Chairman in September, with hardware chief John Ternus set to succeed him as CEO. This leadership change comes amid a volatile market environment and ongoing geopolitical tensions.

U.S. stocks close slightly lower as renewed U.S.-Iran tensions cast doubt on ceasefire

U.S. stocks ended slightly lower, with major indexes retreating after a third consecutive week of gains. Renewed tensions between the U.S. and Iran raised concerns about the durability of a two-week ceasefire, leading to cautious investor sentiment.

Wall Street hits record highs amid S&P 500's 2-week rally on Iran ceasefire hopes

U.S. stock markets reached record highs, with the S&P 500 rising 0.8% on optimism that the conflict with Iran may be nearing resolution. Investors are hopeful after reports of a U.S.-Iran ceasefire agreement in principle, aiming to restore global oil flow and prevent further economic disruption.