Business & Markets — August 31, 2026

Tim Cook exits Apple. Cook hands Apple's CEO role to John Ternus Tuesday after 15 years. On his watch, the company added roughly $4 trillion in market value.

Yahoo Finance · Read more →

LIV Golf nears bankruptcy. LIV Golf is preparing an imminent bankruptcy filing now that Saudi backing has ended. The league is negotiating funding for a slimmed-down circuit.

The Dispatch · Read more →

Rate-hike odds climb after Warsh speech. Global markets and U.S. futures fell Monday. Analysts now put September rate-hike odds at roughly a coin flip after Fed Chair Kevin Warsh's hawkish Jackson Hole remarks.

According to CNBC, the repricing reflects a view that tighter policy at the September FOMC meeting could put the central bank at odds with the Treasury Department. Adding to inflation concerns, oil prices have risen on Iran-related supply worries, a factor analysts cited alongside the speech in driving Monday's selloff and the shift in rate expectations.

CNBC Top News · Read more →

Venezuela oil deal advances. Trump pledged to fill the Strategic Petroleum Reserve with supply from Friday's Venezuela agreement. Interim President Delcy Rodríguez defended the deal against domestic outrage.

Fox News reports the agreement targets 65 billion barrels across 17 Venezuelan fields, tapping what the outlet describes as the world's largest oil reserves. Significant infrastructure obstacles remain, however, meaning any relief at U.S. gasoline pumps is not expected quickly. The pledge to route new supply into the Strategic Petroleum Reserve marks the first stated U.S. use for the crude since the deal was struck Friday.

Fox News Politics · Read more →