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AM Business Notebook

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed mixed Tuesday with investors awaiting word on the Federal Reserve's decision on interest rates later today.  Both the Dow Jones Industrial Average and S&P 500 reached all-time highs early on in yesterday's trading session.  By the closing bell the Dow had stumbled, losing points to 41-606.  The S&P 500 rose a point to 56-34.  The Nasdaq gained 35 points to 17-628.  

 

>>Meta Rolling Out Teen Accounts On Instagram

(Menlo Park, CA)  --  "Teen Accounts" are coming to Instagram.  Parent company Meta Platforms is rolling out the new option with built-in protections.  Parents can limit who can contact their teenage children and set a timer on their screen time. The feature is for both new and existing accounts.  Current teenage users will be notified that their profiles will be migrated over to the Teen tier. 

 

>>Retail Sales Rise Slightly In August

(Washington, DC)  --  Retail sales were stronger than expected in August.  Figures from the Commerce Department showed an increase of a tenth percent for the month surprising many economists.  Spending rose for stores and online retailers which helped to offset declines in auto sales, clothing and gas prices.  Analysts say the data indicates consumers are still spending despite worries of an economic pullback. 

 

>>UAW Plans To Hold Stellantis Strike Authorization Vote

(Detroit, MI)  --  The United Auto Workers union is planning to hold a strike authorization vote against Stellantis.  UAW president Shawn Fain says the automaker is not meeting the agreements of the contract that was approved last year.  The union is pushing Stellantis to follow through with its promise to reopen a plant in Belvidere, Illinois and is protesting plans to cut 250 jobs at the Warren Truck Assembly Plant in Michigan.  The automaker says Fain "continues to allege that the company has violated the contract but, to date, has provided no data or information to back up his claims."

 

>>Google AI-Powered Satellites Will Better Detect Wildfires

(Mountain View, CA)  --  Google is working on satellite technology that will improve the detection of wildfires.  The search giant is investing in an artificial intelligence-powered enhancement to its camera network in space, allowing users to see fire activity on Google Maps.  The company is spending 13 million dollars to improve current satellite imaging to pick up flames in an area as small as 16 square feet.  The upgraded system is expected to be ready as soon as next year.  
 

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