Apple Names New CEO, Succeeding Tim Cook

Apple has named John Ternus, the company's current senior vice president of hardware engineering, as its new CEO, succeeding Tim Cook. Cook will become Apple's executive chairman, with Ternus' appointment taking effect September 1st. Ternus had long been seen as a top contender to succeed Cook, though the transition still marks a significant leadership change for the tech giant.

The Class of 2026 May Be Entering a Stronger Job Market

A widely watched survey by the National Association of Colleges and Employers released today shows employers expect to boost hires of new graduates by almost 6% this spring. Big companies including McKinsey and IBM say they've increased graduate hiring this year. WSJ Workplace Reporter Ray Smith called this "a very big surprise," noting that employers had been holding back on hiring for the past several years. He said some economic uncertainty has lifted, but companies are also realizing their needs have changed. New roles created because of AI have led to demand for younger workers with AI experience, and healthcare is hiring briskly. However, Smith cautioned that "we don't yet know whether they are first option jobs or last resort jobs." A ZipRecruiter economist told Smith some of these positions could be fast food jobs or DoorDash work.

Iran Tensions and Market Moves