Stocks should rise a lot more if China and the U.S. strike a trade deal since that event is not fully priced into the market yet, according to a study conducted by Renaissance Macro Research.
J.P. Morgan economists now see the economy growing at 1.5 percent in the first quarter, and they trimmed back fourth-quarter growth as well on signs of slowing business spending.
For both companies, the card represents a step into new territory. Apple is seeking to combat slowing sales of its iconic hardware, while Goldman wants to expand further into the realm of consumer finance.
Apple is working with Goldman Sachs on a joint credit card that the companies plan to roll out this spring, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.