latest news in companies
John Ternus Takes Over as Apple CEO to Lead Artificial Intelligence Push
Cupertino, Tuesday, 1 September 2026.
John Ternus officially becomes Apple CEO today, replacing Tim Cook, whose 15-year leadership added $32 million in market value per hour. Ternus must now navigate Apple’s critical artificial intelligence expansion.
Oracle Prepares New Workforce Cuts as Artificial Intelligence Spending Soars
Austin, Tuesday, 1 September 2026.
Oracle is planning further global workforce reductions to fund massive artificial intelligence infrastructure investments, following 21,000 job cuts that previously fueled a record $55.7 billion capital expenditure surge.
KBR Secures $1.1 Billion Government Contract to Expand National Weather Tracking
Washington, Tuesday, 1 September 2026.
KBR won a $1.1 billion federal contract to enhance national weather forecasting, securing major long-term revenue just months before spinning off its government technology division in 2027.
Tech Giants Lock In Memory Chip Supply As Artificial Intelligence Demand Surges
Boise, Tuesday, 1 September 2026.
Hyperscalers have committed $22 billion—including $18 billion in upfront cash deposits—to secure Micron’s advanced memory capacity, as data center demand for artificial intelligence hardware exceeds supply by 50%.
Wall Street Forecasts Major Growth for Duolingo Following Key Upgrade
Pittsburgh, Tuesday, 1 September 2026.
On September 1, 2026, Duolingo shares rose nearly 5% after Evercore ISI doubled its price target to $210, citing a Netflix-style growth trajectory and minimal threat from artificial intelligence.