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John Ternus to Succeed Tim Cook as Apple CEO

By Megan Cerullo Updated April 21, 2026 / 8:08 PM EDT / CBS News Apple announced Monday that Tim Cook will step down as chief executive officer later this year and transition to the role of executive chairman, with John...

CFA Sues Meta Over Proliferation of Scam Ads

April 21, 2026 — A consumer advocacy group has filed a lawsuit accusing Meta, the parent company of Facebook and Instagram, of misleading users about its efforts to prevent scam advertising and profiting from risky ads.

Kevin Warsh Testifies Before Senate Banking Committee

Updated April 21, 2026 — Kevin Warsh, President Trump’s choice to replace Jerome Powell as Federal Reserve chair, is scheduled to answer senators’ questions on inflation, interest rates and the Fed’s balance sheet at a...

Farmers Struggle as War Drives Fuel Prices Higher

Energy Secretary Chris Wright warned that gasoline pushed up by the conflict may not fall below $3 per gallon until next year. At the pump now, regular gas averages about $4.05 per gallon while diesel has jumped to...

Gas Prices Ease as U.S.-Iran Tensions Loom

President Trump accused Iran of "blackmail" on Saturday even as many Americans saw a small break at the pump: the national average for regular gasoline fell to just over $4 per gallon, about $0.08 lower than the prior...

CBP launches CAPE portal for IEEPA tariff refunds

What’s happening The U.S. Customs and Border Protection (CBP) will open an online portal called CAPE (Consolidated Administration and Processing of Entries) on April 20 to accept requests for refunds of tariffs the...

Average 2026 Tax Refund Rises to $3,462

As Tax Day arrives, the average federal tax refund in 2026 is $3,462 — an 11% increase, roughly $350 more than in 2025, according to IRS data. Experts say much of the rise stems from new provisions in last year’s One...