Apple ($AAPL) plans to let customers pay for more Siri AI usage once they reach a limit on features that run on its servers. CEO John Ternus outlined the plan when an analyst asked how Apple might make money from its investment in AI. The limits would apply to features such as Siri AI and intelligent photo editing when they rely on remote computing power. Ternus said users who need more capacity will be able to buy it. He did not announce a price, a usage allowance or a launch date. Where the work happens matters to Apple’s bottom line. CFO Kevan Parekh said that once a customer owns a device, running an AI task on it costs Apple very little extra. Sending the same request to a server creates a cost that shows up in its services business. Siri already receives more than 2.5 billion requests a day, according to Ternus. Apple is still working out how much of that activity will require its servers and how much the devices can handle themselves. Apple reported $31.6 billion in quarterly services revenue, up 10% from a year earlier. Selling extra capacity would give Apple a way to collect more from its heaviest AI users while letting customers who stay within the allowance keep using those features.

Amazon ($AMZN) CEO Andy Jassy says investors may be underestimating the company’s retail business as shares have fallen more than 7% over the past six months. “I think some folks are sleeping a bit on how much progress that business has made,” Jassy said on Amazon’s third-quarter earnings call. He said Amazon’s retail operation is growing at a pace he does not believe any other company of comparable scale is matching. Units sold have increased nearly 15% year over year so far in 2026, building on more than 30 billion items sold last year. Jassy also said Amazon added more than $90 billion in gross merchandise sales over the past 12 months, roughly twice the quarterly gross sales added by its next large U.S. competitor. He argued Amazon continues gaining market share and growing meaningfully faster than rivals. Jassy also sees a long runway for e-commerce, noting that nearly 80% of retail spending still takes place in physical stores. He expects that balance to eventually shift more heavily toward online shopping. The comments came after Amazon reported third-quarter revenue of $201.94 billion, slightly below the $202.22 billion consensus, while earnings of $1.89 per share missed the $1.97 estimate. Amazon guided fourth-quarter revenue to $240 billion to $247 billion and operating income to $28.5 billion to $33.5 billion, up from $25 billion a year earlier.

Real estate investor Grant Cardone argues that buying a primary residence is a poor investment because homeowners continue paying costs even after the mortgage disappears. Cardone said a home typically does not generate cash flow while the owner lives in it and still requires ongoing property taxes, insurance and maintenance. “Even when the loan is paid, you don’t own it,” Cardone said, pointing to recurring expenses that continue indefinitely. He argues that homeowners often become emotionally attached to the idea of ownership and overlook the financial structure of the arrangement. Cardone described homeowners as effectively being “a partner” with the state because property taxes remain due regardless of whether the mortgage has been paid off. His recommendation for the average household is straightforward: rent the home you live in rather than buying it. Cardone’s broader philosophy favors putting capital into income-producing real estate rather than tying money up in a primary residence that does not generate revenue. The argument focuses on opportunity cost and cash flow rather than whether homeowners legally own their properties. His view is that housing should be treated as an expense, while investment capital should be directed toward assets capable of producing income.

United Airlines ($UAL) CEO Scott Kirby says Starlink ($SPCX) is attracting flyers from rival airlines, and he expects them to stay for United's broader technology and service. Starlink is on 48% of United flights. (Via @wallstengine, Original source: @stripe) https://t.co/IZdoEK7evb

Tesla ($TSLA) has canceled plans to sell the Cybertruck in Australia and New Zealand, refunding reservation holders. The move comes as annual Cybertruck deliveries remain around 28K-32K, far below Elon Musk’s (@elonmusk) original targets. https://t.co/ZVAjBPCB4W

Jeff Bezos argued that becoming a billionaire can result from building a product or service that millions of people voluntarily choose to buy, rejecting claims that extreme wealth necessarily requires exploitation. During a May CNBC interview, the Amazon ($AMZN) founder used the example of a small burger restaurant that expands to hundreds or thousands of locations because customers like the food. “If millions of people choose your service, you’re going to end up with $1 billion,” Bezos said, pointing to businesses such as In-N-Out Burger and Raising Cane’s as examples of growth driven by consumer demand. His message was simple: scale follows value creation, but “your chicken has to be good.” Bezos also pushed back on arguments that workers should automatically receive a much larger share of company profits. He highlighted Amazon’s entry-level wages and benefits, citing roughly $23 per hour for some workers in Queens, New York, along with health coverage. He questioned why workers earning around $52,000 annually should face more than $10,000 in taxes, calling that burden “absurd.” Bezos said he would consider paying more taxes himself if there were a convincing argument that doing so would materially improve outcomes for ordinary workers. He also advocated eliminating federal income taxes for the bottom half of earners. That position contrasts with proposals from Sen. Bernie Sanders and Rep. Ro Khanna, who support a 5% annual wealth tax on billionaires. Sanders argues the revenue could fund programs including child care, Medicare expansion and higher teacher pay. Bezos’s broader case is that wealth creation should be judged by whether businesses create products people value, while debates over inequality should focus separately on taxes, wages and public policy.

Rep. Cleo Fields could be down about $461K on Netflix ($NFLX), based on the maximum disclosed purchase amounts. That’s roughly 2.65x the $174K annual congressional salary. https://t.co/S39HCKDhYJ

Apple’s ($AAPL) iPhone Duo is setting a new pricing benchmark, starting around $2,000 and reaching above $3,000 for the 2TB model. That puts it well above the rest of Apple’s current iPhone lineup. https://t.co/vqPKo3WZXU

Telecom analyst Roger Entner (@RogerEntner), who correctly predicted SpaceX’s ($SPCX) spectrum deal, says Elon Musk (@elonmusk) follows a clear pattern: “He’s a builder. He’s not a buyer.” He sees Starlink Mobile as another piece of Musk’s long-term Mars strategy.

Tesla ($TSLA) shares enter earnings week nearly 30% below their December high, with investors focused on whether results can ease concerns around slowing growth and heavy spending. Tesla ended the week around $354, roughly 9% below its October high of $388. The company reports earnings Wednesday. Third-quarter deliveries came in at 486,532 vehicles on production of 464,391 units. Deliveries were slightly below the year-ago period. Analysts expect revenue of roughly $28.1 billion, essentially flat from a year earlier, while consensus earnings are around 45 cents per share versus 50 cents last year. Cash flow could be the bigger issue. Tesla reported negative free cash flow of $1.1 billion in the second quarter as capital expenditures climbed to $5.8 billion. Elon Musk (@elonmusk) has said Tesla expects to spend heavily on AI infrastructure, data centers, Optimus and Cybercab, with planned investment around $25 billion. Options positioning suggests traders are leaning bullish into the report. Implied volatility is around 42%, while the put/call volume ratio of 0.53 points to heavier call activity. Many calls are concentrated around the $370 strike, implying roughly 4.5% upside from current levels. Analysts have also raised targets, with Jefferies at $400, Tigress Financial at $550 and JPMorgan ($JPM) at $415, while the average target sits near $412.