JPMorgan Chase reportedly close to deal for Apple’s credit card business

The Wall Street Journal is reporting that Apple is in advanced talks with JPMorgan Chase to take over its credit card business from Goldman Sachs, in what would be one of the biggest credit card deals ever.

The Journal says talks have been underway since early last year, and the deal is not finalized yet.

Goldman Sachs has been trying to exit the partnership since 2023 as it leaves the consumer lending market.

Exclusive | JPMorgan Chase Nears a Deal to Take Over Apple’s Credit-Card Program

The Journal says talks have been underway since early last year, and the deal is not finalized yet.

Goldman Sachs has been trying to exit the partnership since 2023 as it leaves the consumer lending market.

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Tesla Will Open Up Its Chargers To Other Brands, In Order To Receive Federal Subsidies

After a big pullback for EVs, climbing gas prices are causing drivers to eye them again

Still, the market is much different than it was the last time oil prices were this high.

Max Knoblauch3/13/26

Hyunsoo Rim

burgernomics

3/13/26

McDonald’s plans $3 menu items as fast food loses its price edge

Americans are spending more of their dining-out dollars at full-service restaurants again.

Fast food value meals for Trending feature in Food

Rani Molla3/12/26

How Tesla quietly wound up owning a small piece of SpaceX

Tesla is converting its recent $2 billion investment in Elon Musk’s AI company, xAI, into a small ownership stake in SpaceX — just months before the rocket maker’s highly anticipated IPO.

Here’s what happened: Tesla announced its xAI investment in late January, after a shareholder proposal to invest fell short last year. Several days later, xAI merged with SpaceX. All three companies are headed by Musk.

Now, regulatory filings with the Federal Trade Commission show Tesla converting that investment into a small stake in SpaceX, formalizing the financial link between the companies ahead of the rocket maker’s IPO. SpaceX is expected to go public this year at a valuation some speculate could top $1.75 trillion, potentially making it the biggest company to ever go public. (The current record holder, Saudi Aramco, went public at a more than $1.7 trillion valuation in 2020.)

While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.

While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.

Tesla Converts xAI Investment Into SpaceX Stake Ahead of IPO

While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.

While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.

Tom Jones

big red

3/10/26

Just how huge is YouTube, anyway?

Google’s video platform is now the world’s largest media company, per new MoffettNathanson research.

Presentation of the YouTube Podcast Awards

Southwest Airlines At San Diego International Airport

Southwest stopped fuel hedging a year ago. Whoops.

It’s been a year since Southwest said it would end its fuel-hedging program. Oil’s moves this year make that decision look like a mistake.

Max Knoblauch3/9/26

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