Business News

AM Business Notebook 

For: January 13, 2026  

>>Ahead Of The Bell  

(New York, NY)  --  The opening bell rings this morning after stocks closed higher on Monday to start the new week.  Stocks rallied as investors largely shrugged off concerns about a Justice Department probe into Federal Reserve Chair Jerome Powell.  Gains in Walmart and technology shares helped offset losses in bank stocks including Citigroup, JPMorgan and Capital One.  At the closing bell, the Dow Jones Industrial Average gained 86 points to 49-590.  The S&P 500 added ten points to 69-77.  The Nasdaq rose 62 points to 23-733.

 

>>Alphabet Hits $4 Trillion Market Capitalization

(Mountain View, CA)  --  Google parent company Alphabet is the newest member of the exclusive four-trillion-dollar club.  The company reached the four-trillion-dollar market evaluation Monday when shares jumped about one-percent.  That came after Apple said Google's Gemini will power AI features in the next-generation Siri.  Alphabet joins Apple, Microsoft and Nvidia as companies to have hit the four-trillion-dollar milestone.  However, Microsoft and Apple have both dipped below the mark since crossing it last year.

 

>>Trump Threatens To Shut Exxon Out Of Venezuelan Oil Deal

(Washington, DC)  --  President Trump says he's inclined to keep ExxonMobil out of Venezuela's oil revival after the company's CEO called the country "uninvestable."  Speaking to reporters aboard Air Force One on Sunday, Trump criticized Exxon's response during a meeting with U.S. oil executives.  The president suggested other companies are more eager to take part in rebuilding Venezuela's vast oil industry.  Exxon's CEO Darren Woods said legal and commercial reforms are needed before his company would commit, highlighting past asset seizures there.  Trump is pushing American firms to invest billions, arguing they'll ultimately profit while the U.S. and Venezuela share the rewards.

 

>>Paramount Skydance Sues Warner Bros. Discovery

(Los Angeles, CA)  --  Paramount Skydance is taking Warner Bros. Discovery to court.  The studio filed a lawsuit Monday seeking to force Warner Bros. to disclose the financial deals of its deal with Netflix.  Paramount has made multiple bids for the entirety of Warner Bros. Discovery.  The latest 30-dollars-per-share all-cash offer made by Paramount was rejected by W-B-D's board.  Paramount chairman and CEO wrote they are asking the court "to simply direct WBD to provide this information so that WBD shareholders have what they need to be able to make an informed decision."

 

>>Google To Power Apple AI Models 

(Cupertino, CA)  --  Apple is teaming up with Google for future software updates.  The companies announced today that Apple will use Google's Gemini AI models to power its Apple Intelligence features, including an updated version of Siri.  Apple has been using OpenAI's ChatGPT models for certain Apple AI aspects since June 2024.  Google recently released a new version of Gemini in November that outperformed ChatGPT on several benchmarks, leading to them to strike a deal with Apple.  This will be a "multi-year collaboration under which the next generation of Apple Foundation Models will be based on Google's Gemini models and cloud technology."

 

>>Meta Chooses Its New President

(Menlo Park, CA)  --  Meta has chosen its new President and Vice Chairman.  The parent company of Facebook and Instagram announced today that Dina Powell McCormick will be taking on the roles.  Powell McCormick served as a deputy national security adviser in President Trump's first term.  She briefly joined Meta's Board of Directors last year.  CEO Mark Zuckerberg says her experience and deep relationships around the world makes her "uniquely suited" to be the company's President and Vice Chairman.  
 

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