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Oil Prices Slip as Iran Expected to Join US Peace Talks

Key Points: Oil prices slipped on hopes Iran will join US talks in Islamabad. Ceasefire expires Wednesday; Trump "highly unlikely" to extend. Strait of Hormuz remains disrupted, fueling energy crisis fears. Market highly sensitive to negotiation updates. Oil prices saw...

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Britain Launches New Plan to Accelerate Renewable Energy Growth

Key Points: Britain will announce a new package of measures on Tuesday to accelerate the growth of renewable power. Energy Secretary Ed Miliband declared that the era of fossil fuel security is completely over. The government plans to build new solar panels and wind turbines on public land to generate 10 gigawatts of electricity. A massive new policy will finally attempt to break the financial...

General Motors Hires New Product Chief Sterling Anderson for $40 Million

Key Points: General Motors recruited new product chief Sterling Anderson with a massive pay package totaling up to $40 million. Anderson previously served as a co-founder and chief product officer at the autonomous-trucking company Aurora. The former Tesla executive will oversee the development of new electric vehicles, gas-powered cars, and software at GM. Industry insiders already view Anderson as a strong potential successor to current...

Tim Cook Steps Down as Apple CEO, John Ternus to Take Over

Key Points: Tim Cook announced he will officially step down as CEO of Apple on September 1. John Ternus, the current Senior Vice President of Hardware Engineering, will succeed Cook as the new CEO. Cook will remain highly involved with the technology giant by serving as executive chairman. Ternus brings 25 years of experience at Apple, leading major projects like the iPhone and Mac transitions....