Business News

AM Business Notebook

For: April 15, 2025

 

>>Ahead Of The Bell

(New York, NY) -- The opening bell rings this morning after stocks closed higher Monday to start the week on Wall Street. Tech stocks bounced as investors cheered President Trump's exemption of smart phones and computers along with other electronic devices from reciprocal tariffs. Apple shares rose four-percent on the news, while Dell gained more than three percent. At the closing bell, the Dow Jones Industrial Average gained 312 points to 40-524. The S&P 500 rose 42 points to 54-05. The Nasdaq climbed 107 points to 16-831

 

>>Today Is Tax Day

(Undated) -- Your taxes are due today, but if you haven't even started or aren't done yet, there's still hope. If you're in a crunch, you need to file for an extension. The key thing to keep in mind is to file your extension today. If you file for an extension, you need to fill out form 4868 on IRS.gov, which gives you an automatic extension for six more months. Tax payers impacted by natural disasters in 12 states have automatic tax extensions to file and pay their 2024 taxes. Some extensions only apply to certain areas within those states.

 

>>Zuckerberg Testifies As Part Of Major Anti-Trust Trial

(Menlo Park, CA) -- Mark Zuckerberg took the stand Monday as a major anti-trust trial involving Facebook parent company Meta got underway in Washington, DC. The Federal Trade Commission accuses the social media giant of creating a monopoly by buying up rivals Instagram and WhatsApp to keep a lid on competition. If the FTC is successful in convincing the district judge hearing the case that the acquisitions of Instagram and WhatsApp were illegal, the agency's next move will be to try and force Meta to breakup, spinning off both platforms.

 

>>Economic Reports On The Horizon

(Undated) -- Ahead on this week's calendar, we'll get the latest reading on the import price index today. The focus shifts Wednesday to retail sales along with the home builder confidence index. Fed Chairman Jerome Powell is also set to deliver remarks at the Economic Club of Chicago in the afternoon.

 

>>Domestic Manufacturing On The Rise

(Santa Clara, CA) -- Tech giant Nvidia is out with plans to build manufacturing plants in Texas that will, for the first time, produce domestically-made Artificial Intelligence supercomputers. They will be in Houston and Dallas. Production at both plants, they say, is expected to ramp up in the next year. And, they say, it will create hundreds of thousands of jobs and drive trillions of dollars in economic security over the coming decades.

 

>>Zillow Will Stop Listing Homes Unless They Are Broadly Marketed First

(Seattle, WA) -- Zillow is going to stop listing homes for sale on its website if they are first marketed only to a small group of potential buyers. The move takes effect next month and will require homes to be broadly listed if sellers also want it to be listed on Zillow. Zillow claims it will help sellers get better prices while those who oppose the decision argue it limits seller choice.

 

>>Brooklyn Neighborhood Ranked Most In-Demand In America

(Seattle, WA) -- A Brooklyn neighborhood is the most in-demand in the country. Redfin puts the Prospect Heights and Clinton Hill area on top of its 2025 list of hot neighborhoods following a 105-percent spike in home sales from a year ago. Rounding out the top three hottest neighborhoods were Jenison, Michigan, and Campton Hills and St. Charles in Illinois. 

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