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Who is John Ternus, set to succeed Tim Cook as Apple’s next chief executive?

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Who is John Ternus, set to succeed Tim Cook as Apple's next chief executive?

Apple’s senior vice president of Hardware Engineering, John Ternus, is set to take over as the tech manufacturer’s CEO later this year after current chief executive Tim Cook announced on Monday that he would be stepping down.

Cook will transition to executive chairman of the company’s board of directors. The company said the transition followed a “thoughtful, long-term succession planning process” and was unanimously approved by the board of directors.

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“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company,” Cook said in a statement. 

“I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world,” he added.

APPLE CEO TIM COOK TO STEP DOWN IN MAJOR LEADERSHIP SHAKEUP, SUCCESSOR NAMED

John Ternus and Tim Cook

John Ternus will become Apple CEO on September 1, 2026, as Tim Cook transitions to Apple Executive Chairman. (Reuters / Reuters)

The leadership shakeup marks the first change in the company’s chief executive in 15 years, when Cook replaced Apple co-founder Steve Jobs.

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Ternus will take over as CEO on Sept. 1, leading the company into its next phase of innovation. He will also join the board of directors upon assuming the role.

“I am profoundly grateful for this opportunity to carry Apple’s mission forward,” Ternus said in a statement. “Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor. It has been a privilege to help shape the products and experiences that have changed so much of how we interact with the world and with one another.”

He joined Apple’s product design team in 2001 and became vice president of Hardware Engineering in 2013. Eight years later, he joined the executive team as senior vice president of Hardware Engineering, where he has overseen work on many of the company’s flagship products across iPhone, Mac, iPad, AirPods and Apple Watch.

Ternus also recently led the team behind the new MacBook Neo and the redesigned iPhone 17 lineup. Apple credits his leadership with driving advancements in AirPods, including active noise cancellation and capabilities that enable them to function as an all-in-one hearing health system, including over-the-counter hearing aid features.

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Additionally, he has led efforts focused on durability, materials innovation, and sustainability, including the use of recycled aluminum and new manufacturing techniques. Ternus has also played a key role in Apple’s transition to in-house silicon.

John Ternus

John Ternus will take over as CEO of Apple on Sept. 1 (Adam Gray/Bloomberg via Getty Images / Getty Images)

“I am filled with optimism about what we can achieve in the years to come, and I am so happy to know that the most talented people on earth are here at Apple, determined to be part of something bigger than any one of us,” he said. “I am humbled to step into this role, and I promise to lead with the values and vision that have come to define this special place for half a century.”

Before joining Apple, Ternus worked as a mechanical engineer at Virtual Research Systems. He graduated with a bachelor’s degree in Mechanical Engineering from the University of Pennsylvania.

Cook praised Ternus as having “the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor.”

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“He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future,” Cook said. “I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman.”

Apple shares dipped slightly—less than 1%— in after-hours trading following the news of the leadership shakeup, which some analysts said was not surprising.

“This transition shouldn’t come as a shock, as Cook is at retirement age and Ternus has long been rumored as the successor,” Jacob Bourne, a technology analyst at EMARKETER, told Reuters. “Cook staying on as CEO through September before continuing as executive chairman should provide some degree of reassurance to investors even as markets react ⁠negatively to ​the near-term uncertainty.”

LEADERSHIP CHANGE AT APPLE SPARKS INDUSTRY AND WALL STREET REACTIONS AS COOK TRANSITIONS ROLES

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Apple CEO Tim Cook

Tim Cook said it “has been the greatest privilege of my life to be the CEO of Apple.” (David Paul Morris/Bloomberg via Getty Images / Getty Images)

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Rick Meckler, a partner at Cherry Lane Investments, told the outlet he is “not surprised that the initial reaction is for the stock to be a little bit lower.”

B. Riley Wealth chief market strategist Art Hogan also said Cook “would never leave if the numbers were ‌going to ⁠be bad, so I think that that’s the important thing.”

“They’re about to report numbers, and you know they’re going to be good,” he added. “You know the guidance is going to be positive. And you know we’re going to start hearing more about how they are going to use artificial intelligence to improve their products.”

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Ternus will take over Apple at a time when it faces antitrust scrutiny around the world. This includes a landmark case brought by the U.S. Department of Justice and more than a dozen states, alleging that Apple has maintained an illegal monopoly by using its control over the iPhone to stifle competition. European and Asian governments have also sought to penalize Apple for allegedly exploiting its dominant position in the industry.

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Crest Nicholson shares crash 37% to record low as FY profit forecast slashed

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King Charles Remembers Late Queen Elizabeth II on What Would Have Been Her 100th Birthday

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Queen Elizabeth II is the only British monarch in history to have ruled for 70 years

April 21, 2026, would have been the late Queen Elizabeth II’s 100th birthday, and her son, King Charles III, is leading the tributes for her on this special day.

Queen Elizabeth II died on September 8, 2022. She was 96 years old.

King Charles III Leads Tributes for Queen Elizabeth II

According to a report by CNN, King Charles shared a personal message on his mother’s birth anniversary, which has been shared online,

“Her near century was one of remarkable change, and yet, through each passing decade, through every transformation, she remained constant, steadfast and wholly devoted to the people she served,” he said in the video.

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The royal family’s social media pages shared a photo of the smiling queen with a simple caption, “Remembering Her Majesty Queen Elizabeth II, 1926 – 2022.”

You can watch King Charles III’s full message below.

Memorial Project for Queen Elizabeth II

To commemorate Queen Elizabeth II, King Charles and Queen Camilla will be showed the final design of a traditional bronze statue of the late queen as part of a memorial project, according to BBC.

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The statue, which will be 9.84 feet tall, will be placed in St. James’s Park. It is inspired by the 1955 painting of the late Queen by Pietro Annigoni.

Aside from this bronze statue, a bust of the Queen in her later years is also part of the memorial project. A bronze statue of her husband, the late Prince Philip, Duke of Edinburgh, will likewise be included.

A digital historical archive will also be created as part of the project and will include memories and history of royal events.

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Poland’s industrial output rises 9.4% in March, beating forecasts

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9 Business Ideas To Earn Money Today Without Capital

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business ideas to earn money

Many people believe that starting a business always requires money. While having capital can certainly help, it is not always necessary. In reality, there are many ways to start earning income using only your time, skills, and creativity.

If you are currently struggling financially and need to earn money immediately—even within the same day—there are several simple business ideas you can start right away without spending anything.

The key is to focus on services instead of products. Services rely on effort rather than capital, which means you can start immediately using what you already have.

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business ideas to earn money

Here are nine practical business ideas you can try today if you need to earn money quickly without any upfront investment.

1. Offer Errand Services

Many people are simply too busy to complete everyday tasks. This creates an opportunity for you to earn money by offering errand services.

You can help people with tasks such as:

  • Buying groceries
  • Picking up packages
  • Paying bills
  • Dropping off documents
  • Waiting in line for services

Start by offering your service to neighbors, coworkers, or friends through social media. Even charging a small service fee can quickly add up if you complete multiple errands in a day.

Since this only requires your time and willingness to help, it is one of the easiest ways to earn money immediately.

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2. Sell Unused Items Online

One of the fastest ways to earn money within the day is by selling items you already own but no longer use.

Look around your home and identify things such as:

  • Clothes you rarely wear
  • Old gadgets or accessories
  • Books
  • Kitchen tools
  • Unused decorations

Take clear photos and post them on Facebook Marketplace, community groups, or messaging apps. Price them slightly lower than market value to attract buyers quickly.

Many people manage to sell items within hours, especially if the price is reasonable.

3. Offer Cleaning Services

Cleaning services are always in demand. Many homeowners would gladly pay someone to help clean their house, yard, or garage.

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You can offer services such as:

  • Basic house cleaning
  • Garage organizing
  • Yard sweeping
  • Dishwashing
  • Laundry assistance

Start by posting in local Facebook groups or messaging neighbors. Since this type of service requires effort rather than capital, it is perfect for earning money quickly.

Even a single cleaning job can bring immediate income on the same day.

4. Become a Local Delivery Helper

With the rise of online selling and food deliveries, many small sellers need help delivering items to customers.

If you have a bicycle, motorcycle, or even just the ability to walk short distances, you can offer delivery services for local sellers.

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Message online sellers in your area and offer to deliver their orders for a small fee. Some sellers are happy to outsource deliveries because it saves them time and effort.

This can quickly turn into multiple delivery tasks in one day.

5. Offer Basic Tech Help

Not everyone is comfortable with technology. Many people need help with simple tasks like setting up apps, installing software, or fixing small phone or computer issues.

If you have basic tech knowledge, you can offer help such as:

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  • Installing applications
  • Setting up email accounts
  • Cleaning phone storage
  • Troubleshooting slow devices
  • Teaching basic smartphone usage

Even simple tech assistance can be valuable to those who struggle with digital devices.

You can charge a small service fee and finish multiple tasks within the same day.

6. Offer Writing or Typing Services

If you have access to a computer or smartphone and can type quickly, you can offer writing or typing services.

Examples include:

  • Typing handwritten notes
  • Creating simple documents
  • Transcribing audio recordings
  • Writing short social media captions

Students, small businesses, and content creators often need quick help with these tasks.

Promote your service on social media or among friends who might need assistance.

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7. Pet Sitting or Dog Walking

Pet owners sometimes need someone to watch or walk their pets while they are busy or away from home.

You can offer services such as:

  • Dog walking
  • Pet feeding
  • Short-term pet sitting
  • Cleaning pet areas

This can be a fun and easy way to earn money while spending time with animals.

Ask neighbors or post in community groups to find pet owners who need help.

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8. Offer Simple Tutoring

If you are good at a particular subject, you can offer tutoring services to students who need help.

This could include:

  • Basic math tutoring
  • English conversation practice
  • Homework assistance
  • Exam preparation

You do not need to be a professional teacher. Many parents simply want someone patient who can help their children understand lessons better.

Even short tutoring sessions can provide immediate income.

9. Social Media Posting for Small Businesses

Many small businesses want to promote their products online but do not have the time to manage their social media pages.

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You can offer simple services such as:

  • Posting product photos
  • Writing captions
  • Replying to basic messages
  • Sharing posts in groups

If you already spend time on social media, this can easily become a small service business.

Start by contacting small online sellers and offering affordable help managing their posts.

When money is tight, the most important thing is to focus on action instead of waiting for the perfect opportunity. Many successful entrepreneurs started with nothing but determination and a willingness to work.

The good news is that earning money does not always require large investments. By offering useful services, helping others solve small problems, and using the skills you already have, it is possible to start earning income immediately.

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Try one or two of these ideas today and see which works best for you. Sometimes, the simplest opportunities can lead to bigger business ideas in the future.

Remember, every successful business once started with a single small step.

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China’s Changan aims to be among world’s top-10 carmakers by 2030

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New West Foods buys European Foods from Yukich family

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New West Foods buys European Foods from Yukich family

Fine foods wholesaler European Foods has been snapped up by New West Foods for an undisclosed sum.

The purchase by the Venoutsos family business will see two of Western Australia’s largest homegrown food distributors form a single entity employing about 80 staff.

European Foods is a big name in WA’s gourmet food scene as a significant importer of specialty food and beverage brands from Europe. 

It was the first company to import Parmigiano Reggiano and Campari apertif into the state.

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New West Foods managing director Damon Venoutsos said the acquisition was a defining moment for WA’s food distribution industry.

“This acquisition sees an additional range including premium chocolate from Belgium in the Callebaut brand, and cheeses from all over the world including Netherlands, France, UK, Italy and Switzerland,” he said.

“We also see the brands known, created by European Foods decades ago, and admired in food service kitchens across the state, including BIBO, Eureka, Pradera and Cecilia, being available now and complementary to the New West Foods range. 

“It is anticipated this consolidation will see efficiencies and improvement in distribution costs, at a time when food pricing pressure in domestic markets is high and increasing.” 

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European Foods is a 90-year-old business founded by Giovanni Re, whose family migrated to Perth from Sicily.

It is best known as the former owner of Leederville’s The Re Store.

The Re family retained ownership of the Re Store when European Foods was sold to the Yukich family’s Y Group in 2019.

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New West Food was established in 1988 by Constantine and Despa Venoutsos and has grown into the state’s largest independent food service products distributor.

New West processes more than 200 tonnes of fresh seafood per year, and more than 300 tonnes of Australian and New Zealand cheese at its Malaga base.

A 3.5-year contract to supply food to Optus Stadium signed in 2024 is among New West’s most prominent deals.

The sale includes European Foods’ new Osborne Park warehouse which incorporates the Cheese Cathedral, claimed to be the largest cheese room in Australia.

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The former Northbridge warehouse was offloaded to Live Nation last year for $10m

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Wihlborgs Fastigheter AB (publ) 2026 Q1 – Results – Earnings Call Presentation (OTCMKTS:WIHLY) 2026-04-21

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Manulife US Real Estate Investment Trust (MNULF) Discusses Financial Results, Portfolio Updates, and Strategic Asset Sale in Investor Briefing Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Linus Loo

Hi, very good afternoon, ladies and gentlemen. Welcome to Manulife US REIT’s webinar. So we’ll be having John, the CEO, do the presentation for us. And later, if there are any questions and answers, we will have it in the chat box where you can type your questions in and we would then read it out accordingly. Thank you. May I hand it over to management to start the presentation. Thank you.

John Casasante
CEO & Chief Information Officer of Manulife US Real Estate Management Pte. Ltd

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Good afternoon, and welcome, everyone, to our investor briefing. I’ll start off by giving some highlights from our fiscal year 2025 financial results before sharing some updates on our MRA progress as well as our outlook and strategy.

Operationally, our occupancy has held relatively steady at 67.7% with a portfolio WALE of 4.5 years. We executed about 407,000 square feet of accretive leases in 2025, which is about 11.5% of our portfolio NLA. Our portfolio valuations dipped slightly at negative 1.6% to USD 913.8 million, while aggregate leverage increased to 58.4%. As of December 31, 2025, our weighted average interest rate was 4.58%, slightly improved from 4.69% in third quarter of 2025.

In December 2025, unitholders approved our Growth and Value Up Plan, and our lenders also approved the master restructuring agreement concessions, paving the way from us to exit the MRA and diversifying the portfolio and improving long-term value

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Mcap of five of top-10 most-valued firms surges Rs 72,285 cr; TCS, Infosys biggest winners

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Mcap of five of top-10 most-valued firms surges Rs 72,285 cr; TCS, Infosys biggest winners
The combined market valuation of five of the top-10 most valued firms surged by Rs 72,284.74 crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners.

While Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance were the gainers, Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro, and Life Insurance Corporation of India (LIC) faced erosion from their valuation.

Last week, the BSE benchmark eked out a marginal gain of 5.7 points, while the NSE Nifty dipped 16.5 points.

TCS added Rs 35,909.52 crore, taking its market valuation to Rs 11,71,862.37 crore.

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The market capitalisation (mcap) of Infosys jumped Rs 23,404.55 crore to Rs 6,71,366.53 crore.


The valuation of Bajaj Finance climbed Rs 6,720.28 crore to Rs 6,52,396.39 crore and that of Bharti Airtel edged higher by Rs 3,791.9 crore to Rs 12,01,832.74 crore.
The mcap of ICICI Bank went up Rs 2,458.49 crore to Rs 9,95,184.46 crore.However, the market valuation of Reliance Industries tumbled Rs 35,116.76 crore to Rs 20,85,218.71 crore.

The mcap of LIC dropped by Rs 15,559.49 crore to Rs 5,50,021.80 crore.

The valuation of State Bank of India declined by Rs 7,522.96 crore to Rs 8,96,662.19 crore and that of HDFC Bank slid Rs 5,724.03 crore to Rs 15,43,019.64 crore.

The mcap of Larsen & Toubro dipped by Rs 4,185.39 crore to Rs 5,55,459.56 crore.

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Reliance Industries remained the most-valued domestic firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro and LIC.

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NZD/USD's 3-Day Decline Ends, Potential Bullish Reversal Above 0.5846 Key Support

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NZD/USD's 3-Day Decline Ends, Potential Bullish Reversal Above 0.5846 Key Support

NZD/USD's 3-Day Decline Ends, Potential Bullish Reversal Above 0.5846 Key Support

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