Apple's App Store sales show a promising start in the current quarter, with a reported growth of 14%, raising expectations for its services revenue and overall fiscal performance as highlighted by Bank of America.

Bank of America warns that the uncertainty from tariffs could lead to 'corporate paralysis', affecting corporate investments, mergers, and debt issuance, while raising concerns of stagflation amidst high inflation and sluggish growth.

Bank of America CEO Brian Moynihan stated that the bank could consider launching a stablecoin if regulations permit, as discussed during an episode of CNBC Crypto World.

The article discusses major Wall Street analyst calls on various companies, notably reiterating buy ratings for Microsoft and Nvidia, while also upgrading other stocks such as Quanta Services and Constellium.

Bank of America downgraded Rivian Automotive due to a soft outlook for 2025 and risks associated with Donald Trump's policies on electric vehicles. Despite Rivian's recent earnings success, competition and regulatory uncertainties pose challenges.