Market Update: Tuesday Morning, January 13th, 2026
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Market Update: Tuesday Morning, January 13th, 2026
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U.S. equities rebounded to record highs on Monday, though bank stocks plummeted following President Trump’s proposal to cap credit card interest rates at 10%.
Market sentiment was further shaken by Federal Reserve Chair Jerome Powell’s revelation of a DOJ criminal investigation into the central bank, which he characterized as political intimidation.
In major corporate news, Apple and Google announced a multi-billion dollar AI partnership to upgrade Siri, while Paramount escalated its hostile takeover of Warner Bros. Discovery with a new lawsuit.
On the policy front, the administration announced a 25% tariff on any country trading with Iran, significantly heightening global trade tensions ahead of today’s critical inflation data.
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