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AM Business Notebook

>>Ahead Of The Bell

(New York, NY) -- The opening bell rings this morning after stocks closed lower yesterday ahead of key inflation data. Stocks fell with the major indexes retreating from record levels as tech shares struggled. Nvidia slid three percent after Chinese regulators announced an anti-monopoly probe into the AI chipmaker. Investors are also bracing for Wednesday's release of the consumer price index. At the closing bell, the Dow Jones Industrial Average fell 240 points to 44-401. The S&P 500 lost 37 points to 60-52. The Nasdaq dropped 123 points to 19-736.

 

>>TikTok Requests Emergency Motion To Block Ban

(Washington, DC) -- TikTok is asking for an emergency motion to stop a law banning it from going into effect next month. In a court filing Monday, ByteDance said the temporary pause would give the U.S. Supreme Court time to review the law. This comes after a judge rejected the China-based company's challenge to the law in a federal appeals court. The law that would ban TikTok if it's not sold to a new owner is set to go into effect January 19th -- one day before President-elect Trump will be sworn into office. Trump has signaled that he may try to reverse the ban once he's back in power.

 

>>Bankruptcy Judge To Decide If Auction Was Proper

(Houston, TX) -- The legal battle over a media empire, controlled by conspiracy theorist Alex Jones, is back in a Texas courtroom. He was ordered to sell off the InfoWars assets to settle a lawsuit won by parents of the Sandy Hook school shooting. The winning bid was made by the owners of the satirical website The Onion. Jones, and his lawyers, are trying to block the sale. A judge in Houston will decide whether a bankruptcy auction was run properly. The only other bidder was a company with ties to Jones, and their offer was reportedly twice as much.

 

>>New York Restaurants And Bars Can Now Accept Mobile ID

(Albany, NY) -- Restaurants and bars across the state of New York can now accept Mobile IDs to verify a customer's age. While use of the app is not mandatory for establishments, officials are confident businesses will respond to growing demand and start accepting Mobile IDs. Using a Mobile ID also provides folks with the benefit of not having personal data like their home address visible to bartenders or bouncers. The Mobile ID app can be found in Apple's App Store and Google Play.

 

>>Advice On Tipping Service Providers During The Holidays

(Undated) -- It's the time of year when people consider tipping their service providers a little extra for the holidays. Bankrate Analyst Ted Rossman says a recent survey found that how much somebody tips depends on the service provided. The low end is mail carriers and trash and recycling providers at 20 dollars a pop. Raking in the most dough are housekeepers and child care providers, typically receiving about 50 bucks for the holidays. Rossman says when deciding how much to tip, a good rule of thumb is the cost of one service. In other words, he says, double the last payment to your gardener or someone else who comes in handy.

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