Business News

AM Business Notebook

For: May 15, 2025

 

>>Ahead Of The Bell

(New York, NY) -- The opening bell rings this morning after another mixed day on Wall Street. At yesterday's closing bell, the Dow fell 89 points to 42-051. The S&P 500 rose six points to 58-92. The Nasdaq gained 136 points to 19-146.

 

>>Coming Up Today

(Undated) -- A number of noteworthy economic reports are on tap for today. Weekly jobless claims are due with most analysts expecting to see similar numbers as last week when the Labor Department reported receiving 228-thousand initial requests for unemployment benefits. The producer price index - which provides insight into inflation, retail sales and the home builder confidence index are also scheduled for release. In addition, Fed Chairman Jerome Powell will deliver remarks on the economy and Walmart will report its first-quarter results.

 

>>Qatar Buying Billions In Boeing Jets

(Doha) -- President Trump has announced record-breaking new deals between Qatar, Boeing and the U.S. Department of Defense. Boeing will be selling billions of dollars worth of planes to the Middle Eastern country and the DOD will be selling top-tier drones. Boeing CEO Kelly Ortberg appeared alongside Trump in the Qatari capital for yesterday's signing ceremony

 

>>Airbnb Now Offers Experiences And Services

(San Francisco, CA) -- Airbnb now lets you do more than just find a place to stay. The app now provides access to everything from chefs and hairstylists to cooking classes and museum tours. The new features are available on the homepage under two tabs, experiences and services. As of now there are ten categories of services across 260 cities.

 

>>Chime Files For IPO

(San Francisco, CA) -- Digital consumer bank Chime is moving forward with plans for an IPO. It is unclear how much the company is looking to raise, how many shares will be offered or what the initial stock price will be. TechCrunch reports the company finished 2024 with nearly one-point-seven-billion-dollars in revenue and 25-million in losses. Chime offers consumer checking, savings, debit, and credit cards and claims eight-point-six million active users. 

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