{"id":72174,"date":"2026-09-24T08:08:15","date_gmt":"2026-09-24T12:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/qualcomm-extends-apple-deal-as-canadian-business-sentiment-crumbles-and-usd-jpy-hits-158-88\/72174\/"},"modified":"2026-09-24T08:08:15","modified_gmt":"2026-09-24T12:08:15","slug":"qualcomm-extends-apple-deal-as-canadian-business-sentiment-crumbles-and-usd-jpy-hits-158-88","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/qualcomm-extends-apple-deal-as-canadian-business-sentiment-crumbles-and-usd-jpy-hits-158-88\/72174\/","title":{"rendered":"Qualcomm Extends Apple Deal as Canadian Business Sentiment Crumbles and USD\/JPY Hits 158.88"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Qualcomm (<a href=\"\/stock\/QCOM\">QCOM<\/a>) renewed its global patent license agreement with Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong>, securing a critical revenue stream with a new term effective <strong>April 1, 2027<\/strong>.<\/li>\n<li><strong>Canadian business confidence plummeted<\/strong> as the CFIB Business Barometer fell to <strong>47.9 in September<\/strong>, a sharp decline from the previous reading of <strong>57.7<\/strong> that signals a contraction in sentiment.<\/li>\n<li><strong>USD\/JPY extended its rally for a fifth consecutive day<\/strong>, climbing <strong>0.4% to 158.88<\/strong> as the greenback continues to show strength against the Japanese Yen.<\/li>\n<li><strong>Former President Donald Trump proposed a &quot;freeze&quot; on AI Superintelligence (SI)<\/strong>, stating he intends to discuss keeping the technology &quot;exactly where it is&quot; during future talks with Chinese President Xi Jinping.<\/li>\n<\/ul>\n<h2>Tech Giants Solidify Partnership Amid AI Policy Debates<\/h2>\n<p>Qualcomm (<a href=\"\/stock\/QCOM\">QCOM<\/a>) announced a significant renewal of its global patent license agreement with Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>). The pact ensures that Qualcomm\u2019s technology will continue to power the world&#39;s most popular smartphones, with the new agreement officially taking effect on <strong>April 1, 2027<\/strong>. <em>This extension provides much-needed long-term clarity for investors who have closely monitored the often-volatile relationship between the two tech titans.<\/em><\/p>\n<p>Simultaneously, the political discourse surrounding Artificial Intelligence has taken a protectionist turn. Donald Trump recently stated that &quot;Superintelligence&quot; would be a primary topic of discussion with China\u2019s Xi Jinping, expressing a desire to leave the technology <strong>&quot;exactly where it is.&quot;<\/strong> <em>These comments suggest a potential shift toward international AI regulation or a development &quot;truce&quot; between the world&#39;s two largest economies.<\/em><\/p>\n<h2>Economic Divergence: US Housing vs. Canadian Sentiment<\/h2>\n<p>The North American economic landscape showed stark contrasts on Thursday. In Canada, the <strong>CFIB Business Barometer for September crashed to 47.9<\/strong>, down from a revised <strong>57.7<\/strong> in the previous month. <em>This reading below the 50-point threshold indicates that Canadian small business owners are increasingly pessimistic about the near-term economic outlook.<\/em><\/p>\n<p>In contrast, the US housing market showed marginal resilience. Final <strong>August Building Permits were recorded at 1.403 million<\/strong>, slightly outperforming the preliminary estimate of <strong>1.394 million<\/strong>. While the sector remains under pressure from high interest rates, the upward revision suggests a <em>stabilizing floor for residential construction activity.<\/em><\/p>\n<h2>Currency Markets and Geopolitical Shifts<\/h2>\n<p>The US Dollar continues to exert dominance in the forex markets, with <strong>USD\/JPY rising 0.4% to 158.88<\/strong>. This marks the <strong>fifth straight day of gains<\/strong> for the pair. <em>Traders remain focused on the widening interest rate differentials between the US and Japan, which continue to weigh heavily on the Yen.<\/em><\/p>\n<p>On the geopolitical front, reports emerged that over <strong>\u00a330 billion in UK defense contracts<\/strong> were awarded to foreign suppliers over the last five years, despite being categorized as &quot;UK investment.&quot; Meanwhile, the <strong>Ukraine delegation<\/strong> is reportedly departing the US following high-level meetings, and Russian envoys have signaled that <strong>no trilateral meetings<\/strong> are currently scheduled during the UN proceedings in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Qualcomm (QCOM) renewed its global patent license agreement with Apple (AAPL), securing a critical revenue stream with a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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