JPMorgan and Apple are in deep negotiations and are expected to take over the Apple credit card project from Goldman Sachs.
As Goldman Sachs decides to withdraw from the consumer finance business, Apple needs to find a new bank to take over its credit card project with over 12 million users, which is a huge customer resource for any bank. Currently, Apple is still in negotiations with JPMorgan, and due to the high-risk customers involved in Apple's credit card project, JPMorgan hopes to take over at a more favorable price. The top management of JPMorgan is paying attention to the negotiations with Apple because technology companies like Apple are challenging the traditional role of banks, and banks must consider collaborating with these technology companies.
Express News | Brazil has joined iPhone assembly for the first time, and the iPhone 16 is now being assembled in Brazil, China, India, and Pakistan.
Taiwan Semiconductor's USA factory has started producing iPhone chips for Apple — A16.
Taiwan Semiconductor has begun production of Apple's iPhone chips at its foundry in Arizona. The A16 will be the first chip produced in the United States. Taiwan Semiconductor's foundry in Arizona has been under construction for several years, with planning for the project dating back to 2020. After four years of construction, the factory is now operational and has started producing chips for Apple.
Shortening the delivery time of the initial launch cannot reflect the demand. Deutsche Bank gives Apple a 'shareholding' rating and states that the next 10 days are critical.
Morgan Stanley has given Apple (AAPL.US) a "shareholding" rating and set a target price of $273.
Hong Kong stocks are showing unusual movement. Apple suppliers have generally risen. It is rumored that Apple will release new products at a conference next month. Analysts at Daiwa Securities believe that the shortened delivery time for the iPhone 16 doe
Apple supplier stocks rebounded. As of the time of publication, q tech (01478) rose 6.35% to HKD 4.52; Cowell (01415) rose 4.25% to HKD 20.85; Sunny Optical (02382) rose 3.07% to HKD 45.3.
Futu Morning News | The Federal Reserve cuts interest rates by 50 basis points, and the US stock market sees a roller coaster market! Powell: Don't think this is a new pace of interest rate cuts.
"Fed Horn": The Federal Reserve is actually making up for lost time; Polls: Harris leads Trump in swing states Pennsylvania and Michigan; Apple is up nearly 2%, and Morgan Stanley is expected to take over its credit card project from Goldman Sachs.
The demand for the Apple iPhone 16 has sparked discussions, and according to Morgan Stanley, the stock price will be bought at any dip.
Apple's latest release of the iPhone has once again sparked hot discussions about pre-order demand in September.
TOP 20 transaction volume | Nvidia fell nearly 2%, with a transaction volume of over 35.5 billion US dollars; Apple rose nearly 2%, and Goldman Sachs is expected to take over its credit card project from Goldman Sachs.
On Wednesday, Nvidia, ranking first in trading volume, fell 1.92% with a turnover of $35.556 billion. Tesla, ranking second, fell 0.29% with a turnover of $17.913 billion. Apple, ranking third, rose 1.80% with a turnover of $13.189 billion.
US stocks closed | After the interest rate cut, US stocks rose and then fell back, with the three major indices closing slightly lower. Apple bucked the trend and rose nearly 2%.
After the Federal Reserve cut interest rates, US stock index hit a new daily high. However, it turned downwards after Powell's press conference. The S&P 500 ended its seven-day winning streak, while the Dow Jones Industrial Average fell for the second consecutive day. Nvidia failed to rebound and closed down nearly 2%, while Apple rose against the trend, gaining nearly 2%.
Don't Overlook These Top Fintech Stocks After Interest Rate Cuts
Apple iPhone 16 to Be Released Friday. A Hands-on Look
Apple Shares Are Trading Higher Today: What You Need To Know
Equity Markets Fall After 50-Basis-Point Fed Rate Cut
Consumer AI Revolution Should Drive Apple Higher: Dan Ives
Apple Options Spot-On: On September 18th, 1.32 Million Contracts Were Traded, With 6.64 Million Open Interest
On September 18th ET, $Apple(AAPL.US)$ had active options trading, with a total trading volume of 1.32 million options for the day, of which put options accounted for 42.41% of the total transactions,
Amazon Joins UPS In Raising Hourly Pay As Worker Compensation Trends Upward
Tech Stocks Take a Step Back. Why It Won't Kill the Market Rally. -- Barrons.com
Apple Inc. (AAPL): Wall Street Analysts Have Bullish Views On This Trending AI Stock
Apple iPhone Demand Worries May Weigh on the Stock. An Analyst Says Buy the Dip. -- Barrons.com
Shares of Stocks Across Sectors Are Trading Higher After the Federal Reserve Cut Rates by 50 Bps.