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AM Business Notebook

>>Thousands Across U.S. Report AT&T Outages

(New York, NY)  --  Phone users across the U.S. are reporting problems with AT&T.  Downdetector.com is showing a spike in AT&T cellular service outages in the past hour, with nearly 33-thousand customers reporting no service.  The cities experiencing the most outages include Los Angeles, Chicago, Houston and Honolulu.  There's been no comment on the outages from AT&T. 

 

>>Biden Highlights Latest Round Of Student Debt Relief 

(Culver City, CA)  --  The Biden administration is cancelling one-point-two billion dollars in student loan debt for more than 150-thousand borrowers.  While delivering remarks in California on Wednesday, the president said student loan payments have become too burdensome for millions of Americans.  The move is the administration's latest effort at student debt relief after the Supreme Court blocked Biden's broader forgiveness plan last year.  The White House has since used smaller programs to forgive debt for specific groups.  The most recent relief will go to borrowers who have been in repayment for a decade or longer and originally took out 12-thousand dollars or less. 

 

>>Boeing Replaces Head Of 737 Max Program

(Renton, WA)  --  Boeing is replacing the head of its 737 Max program.  The company announced Wednesday that Ed Clark is leaving Boeing after nearly two decades.  The 737-9 Max jet has been under scrutiny since a door plug blew out during an Alaska Airlines flight last month.  The FAA grounded all 737-9 Max planes following the incident.  In response, Boeing has said it is revamping its quality control procedures.

 

>>Health Care Costs Lead Financial Worries 

(Undated)  --  Health care costs rank high among U.S. adults' financial concerns.  That's according to a recent KFF poll, which found that unexpected medical bills and the cost of health care services top the list of expenses that adults worry about affording.  The poll also found that voters who struggle with monthly bills are more likely to say it's "very important" for presidential candidates to talk about health care and economic-related issues.  This includes issues like the affordability of health care, the future of Medicaid and prescription drug costs. 

 

>>Ford Reveals Price Cuts On Mustang Mach-E

(Dearborn, MI)  --  The price of the all-electric Ford Mustang Mach-E has been reduced by the automaker.  The Dearborn-based automaker announced the reductions after the vehicle lost eligibility for the federal government's tax credit.  The Select rear wheel drive model is being reduced by 31-hundred dollars while the top of the line GT performance sedan will be cut by 76-hundred dollars.  The largest reduction is for the Premium Extended range model which is now 81-hundred dollars less.   The vehicles lost the federal credit due to changes in the Inflation Reduction Act.

 

>>Amazon To Be Added To Dow Jones Industrial Average

(Seattle, WA)  --  Amazon will be added to the Dow Jones Industrial Average, replacing Walgreens Boots Alliance.  S&P Dow Jones Indices says the change will be effective next week.  Shares of the online retail giant rose one-point-three-percent in extended trade after the announcement, while Walgreens fell three-percent.  Adding Amazon will increase consumer retail exposure. 

 

>>NY Tops In Sports Betting Revenue

(New York, NY)  --  New York is top of the list when it comes to sports betting revenue in the country.  The American Gaming Association says New York took in nearly one-point-seven-billion-dollars last year, while New Jersey came in second place with about one-billion-dollars.  Sports betting was legalized in New York state ten years ago and it was only in 2002 that it fully launched online betting.  When it comes to casino gambling, the Las Vegas strip is king, raking in nearly nine-billion-dollars, while Atlantic City came in at five-point-77-billion dollars.

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John Kruse
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