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Daily 2026-04-28
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Plus, OpenAI wants to make your smartphone | Your Daily Brief is ready |
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3:14 read time
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👀
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WHAT'S GOING ON
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All metrics are as of the latest market close.
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="s13" role="presentation">
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<td class="s20">
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
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<td class="s19">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
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<td align="left" class="s8">
<table border="0" cellpadding="0" cellspacing="0" style="color:#000000;font-family:Inter,sans-serif;font-size:13px;line-height:22px;table-layout:auto;width:100%;border:none;" width="100%">
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S&P 500
</td>
<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.12% ▲
</td>
<td class="s22">
7,174
</td>
</tr>
<tr>
<td class="s21">
GOLD
</td>
<td class="s23">
0.97% ▼
</td>
<td class="s22">
$4,695
</td>
</tr>
<tr>
<td class="s21">
BITCOIN*
</td>
<td class="s23">
2.12% ▼
</td>
<td class="s22">
$76,999
</td>
</tr>
<tr>
<td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
*24-hour change
</td>
</tr>
</tbody>
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
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<div style="font-family:Inter,sans-serif;font-size:1px;line-height:1.5;text-align:left;color:#000000;">
</div>
</td>
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</tr>
</tbody>
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
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<td class="s19">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
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<td align="left" class="s8">
<table border="0" cellpadding="0" cellspacing="0" style="color:#000000;font-family:Inter,sans-serif;font-size:13px;line-height:22px;table-layout:auto;width:100%;border:none;" width="100%">
<tbody>
<tr>
<td class="s21">
FTSE 100
</td>
<td class="s23">
0.46% ▼
</td>
<td class="s22">
10,331
</td>
</tr>
<tr>
<td class="s21">
BRENT OIL
</td>
<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
2.68% ▲
</td>
<td class="s22">
$108.15
</td>
</tr>
<tr>
<td class="s21">
US BONDS*
</td>
<td class="s23">
0.03% ▲
</td>
<td class="s22">
4.34%
</td>
</tr>
<tr>
<td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
*10-year government yield
</td>
</tr>
</tbody>
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</td>
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</td>
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<p style="border-top:solid 1px #E4E8F3;font-size:1px;margin:0px auto;width:100%;">
</p>
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<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:700;line-height:1.5;text-align:left;color:#181c25;">
WALL STREET FEAR GAUGE INDEX
(
<a style="font-weight:400;font-family:Trispace,monospace">
VIX
</a>
)
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<p data-block-key="10zqs">
🇨🇳 Chinese factories seem to be thriving, despite higher oil prices
</p>
<p data-block-key="budmh">
📱 Word on the street is that OpenAI’s getting into smartphones – literally
</p>
<p data-block-key="8e3s4">
📈 Intel’s turnaround trade and why it’s time to take profits
</p>
<p data-block-key="bvg40">
<b>
👇 Keep reading to find out
more
</b>
</p>
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Great Wall Of Profit
</span>
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</div>
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<p data-block-key="27xew">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="dsqu1">
China’s factories minted money last month – ending a four-year slump and effectively shrugging off the global energy squeeze sparked by the Iran war.
</p>
<p data-block-key="1hciv">
<b>
What does this mean?
</b>
</p>
<p data-block-key="376k6">
The world’s second-biggest economy saw its industrial profit rise 15.8% in March from the same time last year. Part of
that was thanks to the government’s decision to roll out fresh economy-supporting measures like tax breaks, public works, and cheap loans. At the same time, global infrastructure spending has been booming, and a good chunk of it runs through Chinese factories. Of course, a big part of that is high-tech manufacturing: we’re talking semiconductors,
<a>
EV batteries
</a>
, and industrial robots.
</p>
<p data-block-key="7vket">
▶ Monday’s news likely eased some jitters. Manufacturing is essential business for China, and higher oil and gas prices – like the ones we saw in March – make it more expensive. So if Chinese factories are thriving anyway, that’s a positive sign.
</p>
<p data-block-key="cvu56">
<b>
Why should I care?
</b>
</p>
<p data-block-key="dplu">
<b>
<i>
Zooming in:
</i>
</b>
<i>
Trading
chips.
</i>
</p>
<p data-block-key="6amaa">
China makes a lot of chips, but they’re mostly the older kind: it imports the latest and greatest from Taiwan and South Korea to feed its tech sector. And the volume of those imports rose 14% in March from a year ago, while their
<i>
value
</i>
soared 54%. That's expected to push China's import growth ahead of exports this year for the first time since 2021 – a plot twist for a country long cast as the world’s export giant.
</p>
<p data-block-key="7ee9r">
<b>
<i>
Zooming
out:
</i>
</b>
<i>
Flotation device.
</i>
</p>
<p data-block-key="5qfh5">
Surging oil prices have also drawn a line in Asian markets. China, South Korea, Taiwan, and – to some degree – Japan are all staying afloat on an AI-shaped life raft, but India, Indonesia, and the Philippines are watching their stocks and currencies sink under heavier fuel bills.
</p>
<p data-block-key="a5d1s">
▶ China has an extra floatie here, too: the country’s dominance in EVs, solar panels, and renewables means that every
barrel of oil it
<i>
doesn't
</i>
have to buy makes it that much more stable.
</p>
</div>
</td>
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<tr>
<td align="left" class="s5">
<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;color:#000000;">
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<img alt="Insight" class="s11" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FInsight---Intel---260426-2.original.jpg%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Dab92a4f04aa0859351e1545da356fed8/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NzczMzEzNDUuMzg3MDQ0Mn0:1wHV4b:AClWC7Tz_v_etspIP47KkSfUHfkn5nnkbfQkk_WJaQ0" width="536"/>
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<td align="left" class="s28">
<div class="s29">
<p data-block-key="pr7ai">
<b>
Intel’s
</b>
stock just did something it hasn’t managed since the dot-com boom: it
<a>
hit
</a>
a new record high.
</p>
<p data-block-key="b99el">
That’s a
<a>
serious reversal
</a>
for a company that, not long ago, looked like one of tech’s great cautionary tales.
</p>
<p data-block-key="dmfur">
I first added the stock to the Finimize Portfolio in October 2024,
<a>
betting
</a>
that investors had become way too pessimistic about its prospects.
</p>
<p data-block-key="f45mr">
Since then, the stock has
<a>
popped
</a>
well higher – helped by government backing, some heavy-hitting investors, big-name partnerships, and a string of other wins.
</p>
<p data-block-key="8jsn9">
Here’s why I’m ready now to take my money
<a>
off the table
</a>
.
</p>
<p data-block-key="1fi2q">
That’s today’s Insight:
<a>
why now is a
good time to take profits on Intel
</a>
.
</p>
<p data-block-key="78as6">
<a>
<b>
Read or listen to the Insight here
</b>
</a>
</p>
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ChatGPTelephone
</span>
</mj-raw>
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<p data-block-key="xho19">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="97hn6">
Word has it that
<b>
OpenAI
</b>
is looking to build its own AI smartphone.
</p>
<p data-block-key="4ij10">
<b>
What does this mean?
</b>
</p>
<p data-block-key="19i2">
On Monday, a closely followed
<a>
Taiwan-based tech analyst
</a>
said that ChatGPT’s creator is chatting with two major semiconductor
companies – US-based
<b>
Qualcomm
</b>
and Taiwanese
<b>
MediaTek
</b>
– about developing an AI smartphone. None of the firms have commented… yet.
</p>
<p data-block-key="85qce">
<b>
▶
</b>
If this intel’s right, it’d be another sign that OpenAI’s looking to mobile tech as a way to make money. And that makes sense: smartphones are where the people are, after all. If the startup can layer its AI into a device that folks rely on for pretty much everything, that’d be a massive opportunity.
</p>
<p data-block-key="3rbod">
<b>
Why should I care?
</b>
</p>
<p data-block-key="4bk8q">
<b>
<i>
Zooming in:
</i>
</b>
<i>
When is a phone not a phone?
</i>
</p>
<p data-block-key="beki3">
OpenAI
<a>
wants
</a>
to control both the hardware and the software required to turn your smartphone into an always-on AI agent. Instead of
hopping between multiple apps, you’d just tell your device what you need and it would do it – or that’s the idea, at least. And it might not have to be a phone at all: last year, OpenAI bought legendary
<b>
Apple
</b>
design chief Jony Ive’s startup – getting the man himself in the deal – to develop a new “family” of AI devices.
</p>
<p data-block-key="dftts">
<b>
<i>
The bigger picture:
</i>
</b>
<i>
Seems like Apple does think different.
</i>
</p>
<p data-block-key="806ok">
There’s little question that AI
smartphones are the future, so some tech firms are trying to crack the model, too. That includes Apple – but unlike some of its peers, it’s not pouring hundreds of billions into building out its own AI capabilities, instead relying on Alphabet’s services to power its AI features.
</p>
<p data-block-key="9vj1a">
⚠️ That tactic hasn't helped Apple’s stock much – it's barely moved all year. And now investors are worried about the rapid rise in memory chip prices impacting the iPhone maker’s bottom
line. We’ll all find out more on Thursday, when Apple releases its results.
</p>
</div>
</td>
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<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;color:#000000;">
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✨
</span>
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Sarah's Digest
</span>
</mj-raw>
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<table border="0" cellpadding="0" cellspacing="0" class="s9" role="presentation">
<tbody>
<tr>
<td class="s10">
<a target="_blank">
<img alt="Finimize Awards prize draw" class="s11" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FApp_Ad_-_April_2026_-_Awards_Prize_-_NL_5.original.jpg%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D3b051ed74dc4481664a1a80ba5d0e3b1/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NzczMzEzNDUuMzg3NDIxNH0:1wHV4b:dS2sHSe4yLxJUIEQUTrTNis6OGhz8Bvl33_fJ1p6Ez4" width="568"/>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:0;padding-right:0;padding-bottom:16px;padding-left:0;word-break:break-word;">
<div class="s29">
<p data-block-key="gvum2">
<b>
It’s the people’s choice awards (for investors)
</b>
</p>
<p data-block-key="8sot8">
In finance, the trophies often go to the firms that pay up for them – not the ones who earn them.
</p>
<p data-block-key="eihi5">
We think awards should actually help investors spot what’s worth using.
</p>
<p data-block-key="3fbcl">
So we’re
putting the power in your hands.
<a>
Vote
</a>
for the platforms and products you trust.
</p>
<p data-block-key="41g0k">
You'll not only get a chance to see who really stacks up, but you'll also be entered into a
<a>
prize draw
</a>
to win £500 and two tickets to our Modern Investor Summit in London.
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:16px 0;word-break:break-word;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:separate;line-height:100%;">
<tbody>
<tr>
<td align="center" bgcolor="#204CE9" role="presentation" style="border:1px solid #030303;border-radius:1000rem;cursor:auto;mso-padding-alt:10px 25px;background:#204CE9;" valign="middle">
<a style="display:inline-block;background:#204CE9;color:#ffffff;font-family:Inter,sans-serif;font-size:13px;font-weight:700;line-height:1.2;margin:0;text-decoration:none;text-transform:none;padding:10px 25px;mso-padding-alt:0px;border-radius:1000rem;" target="_blank">
<span style="color:#FFFFFF">
Vote here
</span>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
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<tbody>
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<tbody>
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
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<td align="left" class="s30">
<div class="s16">
<mj-raw>
<span class="s17">
🖋️
</span>
<span class="s18">
Quote of the day
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
</td>
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<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" class="s5">
<div class="s29">
<strong>
"Everyone talks about building a relationship with your customer. I think you build one with your employees first."
</strong>
– Angela Ahrendts (an American-British CEO)
</div>
</td>
</tr>
</tbody>
</table>
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<![endif]-->
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<![endif]-->
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<tbody>
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<![endif]-->
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<tbody>
<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" class="s30">
<div class="s16">
<mj-raw>
<span class="s17">
🎯
</span>
<span class="s18">
On Our Radar
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
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<![endif]-->
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<tbody>
<tr>
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
<tr>
<td class="s19">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
<tr>
<td align="left" class="s28">
<div class="s29">
<p data-block-key="aaghi">
<b>
1. A smoke-free generation.
</b>
But at what
<a>
cost to freedom
</a>
?
</p>
<p data-block-key="butgm">
<b>
2. Backpacks today really are bad.
</b>
Another thing that’s gotten
<a>
worse on purpose
</a>
.
</p>
<p data-block-key="9auco">
<b>
3. Why we read.
</b>
Or at least,
<a>
why we should
</a>
.
</p>
</div>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr></table>
<![endif]-->
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr></table>
<![endif]-->
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="" role="presentation" style="width:600px;" width="600"><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;">
<![endif]-->
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="s1" role="presentation">
<tbody>
<tr>
<td class="s2">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" class="s5">
<div class="s29">
Stay classy, Sarah 😉 This issue of the Daily Brief was curated by
<a class="s36">
Theodora
</a>
,
<a class="s36">
Russell
</a>
, and
<a class="s36">
Linda
</a>
. Got an idea? A question?
<a>
Get in touch
</a>
.
</div>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
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<![endif]-->
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<tbody>
<tr>
<td style="direction:ltr;font-size:0px;padding:0 16px;text-align:center;">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" width="600px">
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<![endif]-->
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="s1" role="presentation">
<tbody>
<tr>
<td class="s14">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" class="s30">
<div class="s16">
<mj-raw>
<span class="s17">
💌
</span>
<span class="s18">
THAT WAS GREAT FOR US... HOW WAS IT FOR YOU?
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
</td>
</tr>
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</div>
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<![endif]-->
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="s1" role="presentation">
<tbody>
<tr>
<td class="s33">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:189.33333333333337px;">
<![endif]-->
<div class="mj-column-per-33-333333333333336 mj-outlook-group-fix s6">
<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="center" class="s37">
<table border="0" cellpadding="0" cellspacing="0" class="s38" role="presentation">
<tbody>
<tr>
<td align="center" bgcolor="#f8f9ff" class="s39" role="presentation" valign="middle">
<a class="s40" target="_blank">
<span aria-hidden="true" role="img">
🔥
</span>
Hot stuff
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
<!--[if mso | IE]>
</td><td class="" style="vertical-align:top;width:189.33333333333337px;">
<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="center" class="s37">
<table border="0" cellpadding="0" cellspacing="0" class="s38" role="presentation">
<tbody>
<tr>
<td align="center" bgcolor="#f8f9ff" class="s39" role="presentation" valign="middle">
<a class="s40" target="_blank">
<span aria-hidden="true" role="img">
👍
</span>
Just alright
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
<!--[if mso | IE]>
</td><td class="" style="vertical-align:top;width:189.33333333333337px;">
<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
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<tr>
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<tbody>
<tr>
<td align="center" bgcolor="#f8f9ff" class="s39" role="presentation" valign="middle">
<a class="s40" target="_blank">
<span aria-hidden="true" role="img">
😒
</span>
...Meh
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
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<tr>
<td align="center" style="font-size:0px;padding:10px 25px;word-break:break-word;">
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