insights

Apple Card Reset: JPMorgan Chase reached a deal this week to take over the Apple credit card portfolio from Goldman Sachs, bringing a long-running unwind process closer to completion. Goldman has been looking to exit the partnership for more than two years, and the transaction gives JPMorgan access to Apple’s massive customer base while providing Apple with a far deeper banking partner to support its growing financial services ambitions. Mastercard will remain the card’s paym

Rebuild Progressing: Nike’s turnaround has been underway for about a year now under CEO Elliott Hill, and it was never going to be a smooth process. The company has had to reset core elements of its strategy, from reworking its product focus to rebuilding relationships with wholesale partners it had largely walked away from. Layer in inflation, shifting trade dynamics, and a more cautious global consumer, and the task only gets harder. The latest earnings update reflected th

Disney Meets AI: Disney announced a $1 billion investment in OpenAI, marking one of the most notable cross-industry partnerships in the AI space to date. As part of the deal, Disney will allow its characters to be used in videos generated by OpenAI’s Sora platform, and it will also receive warrants allowing it to purchase additional equity at OpenAI’s current $500 billion valuation. The move underscores how interest in AI is no longer limited to hyperscalers and pure-tech pla