Core Insights - Apple has entered a multi-year collaboration with Alphabet to utilize Google's Gemini models and cloud technology for its AI initiatives, particularly enhancing Apple Intelligence features like Siri [1][7] - The partnership aims to address Apple's challenges in AI execution and timeliness, which have hindered its competitive position against companies like Alphabet, Microsoft, and Amazon [2][4] Group 1: AI Collaboration and Impact - The collaboration with Alphabet is expected to resolve Apple's issues related to the timing and execution of its AI features, which have been lagging behind competitors [4][7] - Apple Intelligence is projected to significantly contribute to the growth of Apple's Services segment, which currently accounts for approximately 26% of net sales [4][7] Group 2: Services Business Growth - Apple's Services segment, which includes advertising, AppleCare, Cloud Services, and digital content, is benefiting from an expanding base of installed devices and a growing user base [5][6] - In 2025, the App Store recorded over 850 million average weekly users globally, with developers earning over $550 billion since 2008, indicating strong engagement on Apple's platform [6] Group 3: Market Performance and Valuation - Apple shares have increased by 11.3% over the past 12 months, underperforming the Zacks Computer and Technology sector, which saw a return of 29.9% [7][8] - The current valuation of Apple stock is considered stretched, with a forward price/sales ratio of 8.27X compared to the sector's 7.47X and Amazon's 3.3X [11]

Senator Elizabeth Warren (D-Mass.) demanded answers from SEC Chair Paul Atkins on how the agency will protect retirement savers after President Trump cleared the way for crypto in 401(k) plans, warning Trump’s family made $1.2 billion from crypto since taking office.Warren Says Trump’s Crypto Push Creates Conflict Of InterestWarren on Monday sent a letter to Atkins as the Senate Banking Committee negotiates crypto market structure legislation, warning the bill as currently drafted could weaken SEC authority ...

The U.S. stock market opened on Tuesday, January 13th, 2026, with major indexes showing a mixed to slightly lower performance as investors digested the latest inflation data and the kickoff of fourth-quarter earnings season. The session is marked by cautious sentiment following a robust Monday that saw both the S&P 500 and Dow Jones Industrial Average hit fresh record highs. Key economic reports and significant corporate announcements are setting the tone for early trading, with particular attention on the ...

Key Points The S&P 500 index gained 17% during 2025, but the S&P 500 Growth index soared by 21%. The S&P 500 Growth index invests in 216 of the best-performing growth stocks from the regular S&P 500 and disregards the rest. The Vanguard S&P 500 Growth ETF gives investors a simple way to own a slice of the growth index, and it could beat the market again in 2026. 10 stocks we like better than Vanguard Admiral Funds - Vanguard S&P 500 Growth ETF › The S&P 500 (SNPINDEX: ^GSPC) is a stock market in ...

Group 1: Corporate Earnings - JPMorgan Chase & Co. exceeded analyst expectations for the fourth quarter, resulting in a 1% increase in premarket trading shares, with stronger-than-forecasted trading revenue [2][3] - Delta Air Lines shares fell 5% after reporting slightly lower revenue than anticipated for the fourth quarter, but it beat earnings per share expectations and projected a 20% profit increase in 2026, citing strong travel demand [5][6] Group 2: Market Reactions - Bank stocks, including JPMorgan, faced a challenging session following President Trump's proposal for a 10% cap on credit card interest rates, which industry executives view as potentially harmful to their business models [4] - Shares of Alphabet rose after the announcement of an AI-powered upgrade for Siri, helping the company reach a $4 trillion market cap [10][11] Group 3: Economic Policies - President Trump announced a 25% tariff on any country doing business with Iran, aimed at economically isolating the country, following threats of military action over the killing of anti-government protesters [8][9]

Europe Credit Research 09 January 2026 Today we publish our 2026 Investment Grade TMT Outlook, highlighting our views on the key themes we expect to drive European TMT spreads in 2026, and provide a variety of trade ideas based on our current views on these items. We hope it proves useful to you; please do not hesitate to reach out should you have any further questions. J P M O R G A N Investment Grade TMT Europe Corporate Credit - Technology, Media & Telecommunications Key Themes for 2026 Andrew Webb AC (4 ...

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 Insights - Meta plans to cut 10% of jobs in its Reality Labs division as part of a strategic shift to reallocate funds from certain virtual reality products to other AI wearable devices [1][4] - The layoffs are expected to begin this week, following CEO Mark Zuckerberg's directive to explore budget cuts within the Reality Labs division [4] - Reality Labs is crucial to Meta's business, focusing on the development of VR headsets, AI glasses, and metaverse products, but has faced significant financial losses, with quarterly losses reaching billions of dollars due to lack of substantial revenue returns from heavily invested products [4] Financial Context - Discussions among Meta executives in December indicated potential budget cuts of up to 30% for the metaverse segment within Reality Labs [4] - Reality Labs currently employs approximately 15,000 staff members [4]

Apple was facing increasing questions about its plans for artificial intelligence as other big tech companies invested tens of billions in the technology. ...