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On Jan. 12, 2026, Alphabet’s $4 trillion milestone helped the market recover from volatility surrounding the DOJ's investigation into Fed chair Jerome Powell, and a potential interest rate cap for credit cards. The S&P 500 rose 0.15% to 6,976.71, the Nasdaq Composite added 0.26% to 23,733.90, and the Dow Jones Industrial Average gained 0.17% to 49,590.19 as markets rebounded from an early DOJ‑Fed shock. Alphabet climbed as its valuation hit $4 trillion, helping stabilize mega‑cap tech despite policy jitters. In contrast, JPMorgan Chase, Goldman Sachs, and American Express lagged as credit‑card and big‑bank names absorbed Fed and regulatory headline risk. What this means for investors: The market opened down nearly 1% after the DOJ opened a criminal investigation into Fed chair Jerome Powell, and President Trump called for a “10% cap” on credit card interest rates. Many financial stocks were down on the volatile news -- particularly the credit card companies themselves. However, this volatility played a significant role in sending gold nearly 2% higher, as it continued its incredible rally -- now up 73% over the last year. Ultimately, it was Alphabet that stole the show after reaching a $4 trillion market capitalization and firmly establishing itself as the second-largest company in the world. Over the weekend, Alphabet partnered with Walmart, Wayfair, and Shopify to enable AI-powered shopping through its Gemini AI platform; partnered with Walmart to greatly expand its drone deliveries via Alphabet's Wing subsidiary; was picked by Apple to power the next version of Siri, using its Gemini AI models. All in all, it was a positive day for the market, particularly for investors optimistic about the AI industry and its expanding list of potential use cases.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…