Today: 13 July 2026
Apple’s iPhone 18 Pro price could jump $200, even as margins stay tight

Apple’s iPhone 18 Pro price could jump $200, even as margins stay tight

13 July 2026
Apple Inc. may have to bump up the average price of its next Pro Max phone by around $200 to cover higher costs, and even then could see a slightly lower gross margin compared to last year’s model, a Counterpoint Research estimate shows. The research firm is projecting the bill of materials for the 12GB, 1TB iPhone 18 Pro Max will go up by almost $300, before assembly, shipping or marketing.
Pfizer (NYSE:PFE) scores FDA approval but Wall Street reaction muted

Pfizer (NYSE:PFE) scores FDA approval but Wall Street reaction muted

U.S. markets are shut for the weekend, so investors are waiting to see if Friday’s FDA approval of Padcev with Keytruda will do much for Pfizer Inc.’s earnings. So far, no big move. Pfizer slipped 0.33% to $24.17 on Friday, down 0.62% since the July 2 close before the July 4 break. The S&P 500 rose 1.2% last week. The FDA cleared the drug based on a 47% lower risk of recurrence, progression or death, which looks strong clinically. But investors want more proof that sales to bladder-cancer patients can make up for Pfizer’s patent losses.
The Biggest Earnings Reports This Week: Banks, TSMC and Netflix Put Wall Street’s Profit Boom on Trial

The Biggest Earnings Reports This Week: Banks, TSMC and Netflix Put Wall Street’s Profit Boom on Trial

The market’s central question is whether the profit surge can broaden beyond artificial-intelligence chips and energy without exposing weaker credit. The evidence points to a cautious yes: analysts expect S&P 500 second-quarter earnings to rise 23.4% from a year earlier, and this week’s bank slate will test loan demand and consumer health. The answer still hinges on Taiwan Semiconductor Manufacturing Co. defending its high-growth, heavy-investment outlook. Guidance — management’s forecast for coming quarters — matters more now than another round of backward-looking beats.
Space Stocks Week Ahead: Can SpaceX’s Nasdaq-100 Entry Reverse the Selloff?

Space Stocks Week Ahead: Can SpaceX’s Nasdaq-100 Entry Reverse the Selloff?

No, not on its own. Space Exploration Technologies’s rapid entry into the Nasdaq-100 has not produced a broad lift for space shares. SpaceX fell 10.3% from July 2 through Friday even though its inclusion was expected to generate about $4.3 billion of passive buying — automatic purchases by funds tracking the index. An equal-weight basket, giving each stock the same influence, of Rocket Lab, AST SpaceMobile and Planet Labs slid 16.7%. The split suggests validation is concentrating capital in the leader, not widening appetite for smaller space stocks.
Rivian Stock’s $1.32 Billion Raise Came With a $3.4 Billion Repricing

Rivian Stock’s $1.32 Billion Raise Came With a $3.4 Billion Repricing

Rivian Automotive closed Friday at $17.48, down 3.5%, after selling 86.25 million shares at $15.50 apiece in an offering expected to net the electric-vehicle maker about $1.32 billion. U.S. markets were closed Sunday. A cash-adjusted reading of the deal shows a larger figure: roughly $3.4 billion of value disappeared against a simple no-repricing benchmark.
Microsoft Stock Slips Before Open as $190 Billion AI Bet Faces Wall Street Test

Microsoft Stock Forecast: Three Target Cuts Slice 10% Off — Yet Still Point to 33% Upside

Microsoft heads into Monday after Argus Research cut its price target on Friday to $510 from $620, the sharpest of three reductions issued last week. Together with cuts from BMO Capital and Wolfe Research, the new targets average $511.67 — about 10% below their prior average, yet still 32.9% above Microsoft’s $385.10 Friday close. All three firms kept positive ratings.

Nokia shares jumped on €5.5B defense-AI news—Ericsson moves in focus

Nokia shares jumped on €5.5B defense-AI news—Ericsson moves in focus

Nokia Oyj heads into Monday with the Helsinki market closed for the weekend, after big swings last week. Shares soared 9.64% on Thursday as the company showed off its first operational results from the NestAI defence partnership. Nokia finished Friday at €10.90. Thursday's rally pushed up market value by about €5.5 billion, using the 5.6 billion shares not owned by the company, or 55 times the €100 million joint investment from Nokia and Tesi tied to the partnership.
Xero sets 30-day staff deadline, investors eye 43% stock-pay ratio

Xero sets 30-day staff deadline, investors eye 43% stock-pay ratio

12 July 2026
Xero Limited has told employees rated “Below Expectation” to either take voluntary severance or go on a 30-day performance-improvement plan. The company is getting stricter as it ramps up its push into artificial intelligence and U.S. payments. CEO Sukhinder Singh Cassidy wrote to staff, “As AI changes how work gets done, we have the chance to redefine how small business finance works.” The change follows a 58% spike in non-cash share-based payment expense to NZ$240.1 million, or 43.3% of Xero’s free cash flow. That’s up from 30.0% a year ago.

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Iran Oil Jolt Reveals 24% Spread on SK Hynix’s AI Bet

Iran Oil Jolt Reveals 24% Spread on SK Hynix’s AI Bet

U.S.-Iran tensions pushed oil prices much higher on Monday and dragged Nasdaq futures down about 1%. But the bigger move came from SK Hynix after a price gap showed up. Its ADRs, which let U.S. investors trade foreign shares, were indicated 9.2% lower at $152.50. Even with that slide, the ADRs still traded about 24% above the Seoul shares, based on a simple calculation.
Pakistan’s Crypto Ban Casts Shadow Over $41.6B Remittance Flows

Pakistan’s Crypto Ban Casts Shadow Over $41.6B Remittance Flows

Pakistan’s crypto regulator is in talks with top Islamic scholar Mufti Taqi Usmani after a fatwa declared that crypto purchases are not acceptable under Islamic law, pushing a religious dispute into the country’s still-forming licensing plan. Bilal bin Saqib, chairman of the Pakistan Virtual Assets Regulatory Authority, said tokens should be considered case by case based on their design and use. Usmani has not shifted his view.
Beazley Stock Has a 1.8% Takeover Gap — Zurich Just Bought More

Beazley Stock Has a 1.8% Takeover Gap — Zurich Just Bought More

Beazley Plc shares barely moved on Monday after Zurich Insurance Group disclosed that it bought another 494,252 Beazley shares on Friday, lifting its holding to 37.97 million shares, or 6.31%. Zurich paid a weighted average of 1,286.81 pence and spent £6.36 million, calculations from the filing show. Beazley was up 0.04% at 1,287p at 11:08 a.m., inside a 1.5p session range.
HSBC Stock’s HK$61,520 Entry Ticket Is Set to Shrink — Two Lot Sizes Stand Out

HSBC Stock’s HK$61,520 Entry Ticket Is Set to Shrink — Two Lot Sizes Stand Out

HSBC Holdings Plc appears to have two practical choices for its new Hong Kong board lot — 50 or 100 shares — if its stock holds near Monday’s level, reducing the minimum trading ticket by 75% to 87.5%. At HK$153.80, the current 400-share lot costs HK$61,520; a one-share lot would sit below Hong Kong Exchanges and Clearing Ltd’s HK$1,000 floor guidance, while 500 shares would exceed its HK$50,000 ceiling guidance. That leaves 50 and 100 as the only standard sizes that fit both guides at the current price, although the formal ceiling test uses a six-month average.
Barclays’ £262 million buyback was a standout but the edge is fading

Barclays’ £262 million buyback was a standout but the edge is fading

Barclays PLC would need about £262 million more to buy back the same number of shares at Monday's price than it paid in its two buyback programs earlier this year, filings show. The bank bought and cancelled 344.9 million shares for a total of around £1.5 billion at an average price of 434.9 pence. At 510.8p, buying that amount would now cost £1.762 billion. This is a hypothetical difference—Barclays can’t book it as a gain.
Oil Prices Jump, but Europe’s Sub-30-Day Jet-Fuel Buffer Is the Hidden Market Risk

Oil Prices Jump, but Europe’s Sub-30-Day Jet-Fuel Buffer Is the Hidden Market Risk

European airline shares fell on Monday as renewed U.S.-Iran strikes lifted crude, but the sharper investor signal sits in fuel inventories: Europe has less than 30 days of jet-fuel demand cover, the thinnest cushion among major markets. At the start of June it held 38 million barrels and faced a third-quarter deficit of nearly 600,000 barrels per day, or bpd, while the United States and Asia-Pacific were projected to run surpluses. “We still do expect some tightness through August at this rate,” Rystad analyst Janiv Shah said.
Toyota’s $3.6 Billion Tacoma Move to Texas Carries a $24,000-Per-Unit Capacity Cost

Toyota’s $3.6 Billion Tacoma Move to Texas Carries a $24,000-Per-Unit Capacity Cost

Toyota Motor will spend $3.6 billion to add about 150,000 vehicles of annual capacity in San Antonio, or roughly $24,000 for each unit of yearly factory capacity. That ratio is not the manufacturing cost of a truck; it measures upfront investment against one year of designed output. At the Tacoma’s first-half U.S. sales pace, the line would cover about 52% of annual sales, leaving Mexico central to supply.
Apple’s iPhone 18 Pro price could jump $200, even as margins stay tight

Apple’s iPhone 18 Pro price could jump $200, even as margins stay tight

Apple Inc. may have to bump up the average price of its next Pro Max phone by around $200 to cover higher costs, and even then could see a slightly lower gross margin compared to last year’s model, a Counterpoint Research estimate shows. The research firm is projecting the bill of materials for the 12GB, 1TB iPhone 18 Pro Max will go up by almost $300, before assembly, shipping or marketing.
Why Shell Plc (LON:SHEL) Gave Back Half Its Oil-Shock Jump With Its $3 Billion Buyback Sidelined

Stock Market Today: Live Updates 13.07.2026

LIVEMarkets rolling coverageStarted: July 13, 2026, 4:00 AM EDTUpdated: July 13, 2026, 7:07 AM EDT Societe Generale Cuts Schroders PLC Stake Under 5% July 13, 2026, 7:07 AM EDT. Societe Generale reported its voting rights in Schroders PLC dropped to 4.97% as of July 9, 2026, slipping below the 5% disclosure threshold. The bank broke down its holding as 4.76% in shares and another 0.21% through financial instruments such as contracts for difference. Societe Generale previously had 5.02% directly. The group notified regulators about the change on July 10, 2026, as required. The move trims its stake and voting power
SoundHound AI Stock’s $1.08 Billion Short Bet Just Grew — and CPI Week Is Next

SoundHound AI Stock’s $1.08 Billion Short Bet Just Grew — and CPI Week Is Next

SoundHound AI, Inc. enters the new week with 162.9 million shares sold short as of June 30, or 41.3% of its public float, the shares available for trading. Short interest — stock sold by investors betting on a fall and not yet bought back — rose 1.2% from the prior report, MarketBeat data published Friday showed. Its 6.5 “days to cover” means closing those positions would take an estimated 6.5 average-volume sessions.
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