JPMorgan Chase is pushing back on President Trump’s proposed 10% cap on credit card interest rates, with the bank’s top finance executive warning that the move would be “very bad for consumers” and force a radical overhaul of one of Wall Street’s most profitable businesses.“If it were to happen, it would be very bad for consumers, very bad for the economy,” JPMorgan Chief Financial Officer Jeremy Barnum said on the bank’s earnings call on Tuesday.If the cap is implemented, the company’s credit card operatio ...

Market Overview - U.S. stock markets are experiencing a mixed session with major indexes showing slight pullbacks as investors assess inflation data and fourth-quarter earnings reports [1][2] - The S&P 500 Index is down less than 0.1%, the Nasdaq Composite Index has slipped 0.2%, and the Dow Jones Industrial Average has fallen 0.6% [2] Economic Indicators - The December Consumer Price Index (CPI) data shows a 2.7% year-over-year rise in headline inflation, matching expectations, while core inflation is at 2.6%, slightly below the projected 2.8% [4] - The 10-year Treasury yield has decreased to below 4.18% from 4.20% following the CPI data release, indicating potential room for Federal Reserve interest rate cuts [4] Earnings Reports - JPMorgan Chase (JPM) reported adjusted profits exceeding expectations but with slightly lower revenue, leading to a 2.5% decline in shares [7] - Delta Air Lines (DAL) shares fell nearly 6% pre-bell and 1.5% in recent trading after forecasting lower-than-expected profit growth for fiscal 2026, despite reporting operating revenue of $16.00 billion [7] - L3Harris Technologies (LHX) shares surged 3% to an all-time high following plans to spin off its Missile Solutions business, supported by a $1 billion government investment [8] Sector Movements - A sector rotation trend has been observed since late December 2025, with the Dow Jones and small-cap Russell 2000 outperforming AI-heavy mega-cap technology stocks [3] Corporate Developments - Sun Country Airlines Holdings Inc. (SNCY) shares jumped 10.6% after announcing an acquisition agreement with Allegiant Travel (ALGT) valued at $18.89 per share [10] - Posco Holdings Inc. (PKX) shares rose 12% after raising $700 million in global bond markets and providing a positive earnings outlook for 2026 [11] Political Impact - President Trump's proposal to cap credit card interest rates at 10% has negatively impacted financial stocks, with Visa (V) and Mastercard (MA) down 5%, and American Express Company (AXP) down 4.3% [9]

The market’s focus this week will be on economic news and any fresh news on the Federal Reserve. Later today, Oct new home sales are expected to fall -10.6% m/m to 715,000. On Wednesday, Nov PPI final demand is expected to increase +2.7% y/y, and Nov core PPI is also expected to climb by +2.7% y/y. Also, Nov retail sales are expected to have increased +0.5% m/m and +0.4% m/m ex-autos. In addition, Dec existing home sales are expected to climb +2.2% m/m to 4.22 million. Finally, the Supreme Court on Wednesda ...

U.S. stock markets are experiencing a dynamic Tuesday, January 13, 2026, as investors digest crucial inflation data, kick off the fourth-quarter earnings season, and contend with persistent geopolitical concerns. While major indexes closed at record highs on Monday, premarket trading suggested a more cautious start, with futures initially slipping before finding some stability as the Consumer Price Index (CPI) report largely met expectations.Premarket Activity and Futures MovementsEarly Tuesday, U.S. stock ...

World shares are mixed ahead of an update on U.S. consumer pricesA person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, Jan. 13, 2026, in Tokyo. (Kyodo News via AP)HONG KONG -- World shares were mixed and U.S. futures edged lower Tuesday ahead of an update on U.S. consumer prices.In early European trading, the FTSE 100 in London edged up less than 1% to 10,144.50. Germany’s DAX fell 0.2% to 25,356.32, while the CAC 40 in Paris dropped 0.5% to 8,316.63 ...

U.S. stock futures fell slightly on Tuesday. The futures for the S&P 500 and the On Wall Street, concern over the potential consequences of a weakening of the Tensions between Trump and Fed Chair Jerome Powell escalated after the Department of Justice subpoenaed the Fed and threatened a criminal indictment over Powell's testimony regarding building renovations at the central bank's headquarters.Wall Street stocks finished at new records on Monday, shrugging off worries about a US criminal probe of the Fede ...

特朗普突然对伊朗"动手"。 当地时间1月12日，美国总统特朗普在其社交媒体"真实社交"发文称，即日起，任何与伊朗伊斯兰 共和国开展商业往来的国家，在与美国进行的任何商业活动中都将被征收25%的关税。特朗普强调，该 决定"最终且不可更改"。受此影响，国际油价短线拉升，布伦特原油期货、WTI原油期货均涨超1%。 美股市场方面，三大指数低开高走，标普500指数、道指再度创下历史新高，美股大型科技股多数 走强，热门中概股大幅跑赢美股大盘，纳斯达克中国金龙指数大涨超4%，阿里巴巴涨超10%，创2025 年8月29日以来最大升幅。 特朗普宣布：25%关税 1月13日，据新华社消息，美国总统特朗普12日下午在社交媒体发文称，任何与伊朗进行商业往来 的国家，其与美国的所有商业往来都将面临25%的关税。该命令即日起生效。 特朗普指出，这项针对伊朗贸易伙伴进口商品的新关税政策即刻生效。 他写道："此命令为最终决定，且具有终局效力。感谢各位对此事的关注！" 目前，关于这项关税政策的更多细节尚未明确。 另据央视新闻，美国白宫新闻秘书莱维特12日称，面对当前伊朗局势，特朗普认为外交是"首选"方 案。 莱维特说，特朗普"一直强调外交是首 ...

Core Viewpoint - After over two years of negotiations, JPMorgan will replace Goldman Sachs as the issuer of the Apple credit card, marking one of the largest credit-card deals in history [1] Company Summary - Goldman Sachs has been the issuer of the Apple credit card since its launch but will be replaced by JPMorgan [1] - JPMorgan's involvement signifies a strategic shift in the credit card partnership with Apple, potentially impacting both companies' market positions [1] Industry Summary - The transition from Goldman Sachs to JPMorgan highlights significant changes in the credit card industry, particularly in partnerships between financial institutions and technology companies [1] - This deal reflects ongoing trends in the financial services sector, where major banks are increasingly collaborating with tech firms to enhance their offerings [1]

Group 1: Market Performance - Walmart shares increased by 3%, contributing to gains in the S&P 500 and Nasdaq, where it recently moved its stock listing from the NYSE [1] - Consumer staples rose by 1.4%, leading sector gainers, while the technology sector also saw an increase [1] - The S&P 500 and Dow reached record closing highs, driven by gains in technology companies and Walmart [9] Group 2: Walmart's Index Inclusion - Walmart is set to join the Nasdaq-100 index on January 20, which could attract billions of dollars from passive index funds [1] - The shift to the Nasdaq is expected to enhance Walmart's visibility and investment appeal [1] Group 3: Financial Sector Performance - Financial stocks declined by 0.8%, leading sector decliners in the S&P 500, with Citigroup down 3% and American Express down 4.3% [10] - Trump proposed a one-year cap on credit card interest rates at 10%, impacting lender and credit card firm shares [10] Group 4: Earnings Outlook - Analysts anticipate a 26.5% year-over-year earnings growth for the technology sector in the upcoming fourth-quarter earnings season [10] - Overall S&P 500 companies' earnings are expected to rise by 8.8% compared to the previous year [10] Group 5: Market Activity - U.S. exchange volume reached 17.29 billion shares, above the 20-day average of 16.40 billion [8] - Advancing issues outnumbered decliners by a ratio of 1.68-to-1 on the NYSE, with 725 new highs and 48 new lows [8]

The S&P 500 (SNPINDEX:^GSPC) rose 0.15% to 6,976.71, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.26% to 23,733.90, and the Dow Jones Industrial Average (DJINDICES:^DJI) gained 0.17% to 49,590.19 as markets rebounded from an early DOJ‑Fed shock. Market movers Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) climbed as its valuation hit $4 trillion, helping stabilize mega‑cap tech despite policy jitters. In contrast, JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), and American Express (NYSE:AXP) lagged as cre ...