Business News

AM Business Notebook 

For: April 21, 2025

 

>>Wall Street Welcomes Fresh Trading Week 

(New York, NY)  --  The opening bell rings this morning after an abbreviated trading week on Wall Street due to Good Friday.  Stocks closed mixed on the final trading with the Dow Jones Industrial Average suffering sharp losses driven by UnitedHealth shares falling more than 22 percent.  Nvidia [[ in-VID-ee-uh ]] stock also tumbled which weighed on the tech-heavy Nasdaq.  At the closing bell, the Dow fell by 527 points to 39-142.  The S&P 500 gained seven points to 52-82.  The Nasdaq shed 20 points to 16-286. 

 

>>DHL Suspending Global Shipments Over $800 To U.S. Consumers

(Bonn, Germany)  --  The international courier firm DHL Express is suspending global shipments worth over 800-dollars to American consumers.  DHL said the suspension of shipments will start today and that the move is temporary.  The company says the shipment suspension is in response to new U.S. customs rules.  The German-based courier said business-to-business shipments will continue but could face delays.  Shipments worth less than 800-dollars will not be impacted.

 

>>Sam's Club Phasing Out Checkouts For 'Scan & Go' Tech

(Undated)  --  Sam's Club is phasing out its in-person checkouts at all of its six-hundred locations.  The retail giant will replace its checkouts with "Scan & Go" and "Just Walk"  technology so customers will have to scan their goods on the Sam's Club mobile app.  Then, an AI scanner will check the goods when a customer leaves the store.

 

>>Archer Aviation Partners With United Airlines To Develop Electric Air Taxis 

(New York, NY)  --  Air taxis are in the works at United Airlines.  Archer Aviation shared last week that it's partnering with United Airlines to develop an air taxi network in New York City.   Passengers will be taken from Manhattan to nearby airports by piloted "Midnight" electric air taxis that can carry up to four passengers.  The service will eventually be available to book as an add-on to regular airline tickets or through Archer's app. 

 

>>Capital One Approved To Acquire Discover In $35 Billion Deal

(Undated)  --  Capital One is getting approval to acquire Discover.  Regulators announced the Federal Reserve and the Office of the Comptroller of the Currency approved the more than 35-billion-dollar deal on Friday.   The merger was approved by the Justice Department earlier this month.  The deal would give Capital One a major advantage against other credit card bank issuers like JPMorgan Chase and Citigroup, that don't process transactions themselves.  In a joint statement, Discover and Capital One said they expect to close the deal on May 18th.

 

>>Nintendo Switch 2 Pre-Orders Back On

(Undated)  --  Pre-orders of Nintendo's newest gaming console are set to resume.  The video game giant revealed Friday that advanced sales of the Switch 2 will happen April 24th. The company pushed back the original date by a couple weeks in order to assess recent tariffs announced by President Trump earlier this month. Nintendo also notes that the cost of the system will remain unchanged with an around 450 dollar price tag, or a bundle package with Mario Kart World for nearly 500 bucks. However, accessories for the Switch 2 will see price adjustments, with the company pointing at market conditions for the reason. 

 

>>Major Theater Chains Offers Discounts For A24's Warfare

(Undated)  --  Military veterans going to see A24's "Warfare" are being offered a discount.  Over the weekend, AMC, Cinemark and Regal offered discounted tickets for anyone with a military ID.  The film is about a surveillance mission that went wrong during the war in Iraq.  In its second weekend in theaters, "Warfare" grossed just under five million dollars.

 

>>Gerber Warning Consumers Teething Sticks Still On Shelves After Recall 

(Undated)  --  Gerber is warning parents that a baby snack it recalled and discontinued is still available on shelves and online.  The company issued a reminder that all of its strawberry apple and banana Gerber Soothe'n' Chew teething sticks were recalled in January after choking cases were reported.   The Teething sticks were distributed nationally in stores and online.   Shoppers who purchased the affected snacks should not feed their children the product and can make a return to the retailer for a full refund.  

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