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Alex Millson

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Apple plans retail overhaul. Asian stocks set to follow US higher. Exxon doubles down on China. Here's what you need to know today.

Apple is working on plans to expand and revitalize its retail chain, aiming to push deeper into China and other parts of Asia while overhauling stores in the US and Europe. The iPhone maker is planning to open new branches across the Asia-Pacific region, Europe, the Middle East and the US, sources say, while revamping or relocating dozens more. In total, the company is proposing 53 new, relocated or remodeled stores over the next four years, in a bid to bring fresh luster to its 22-year-old retail operation. Meanwhile, enthusiasm on Wall Street for Apple's soon-to-be-unveiled $3,000 mixed reality headset is muted. And Meta just announced its latest virtual reality offering would cost just $500.