Business News

AM Business Notebook 

For: July 21, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after a mostly lower close marked the end of the trading week on Friday.  Stocks slumped following reports that President Trump is pushing for higher tariffs on the European Union.  At the closing bell, the Dow Jones Industrial Average fell 142 points to 44-342.  The S&P 500 lost a fraction of a point to 62-96.  The Nasdaq rose 10 points to 20-895.

 

>>Alaska Airlines Resumes Flights After Ground Stop 

(Seattle, WA)  --  Some good news for travelers to start the work week.  Alaska Airlines is resuming operations after requesting a ground stop for all flights.  Alaska requested the ground stop late Sunday due to what it said was "an IT outage."  The move impacted more than 200 planes.  Horizon Air, the regional subsidiary operating Alaska Airlines flights, requested a ground stop as well.  That's now also been lifted.  The exact nature of the IT issue remains unclear.   

 

>>Coming Up This Week, Focus On Fed Chair   

(Undated)  --  Coming up in the business week ahead, all eyes will be on Fed Chair Jerome Powell when he delivers remarks at a DC banking conference on Tuesday.  Powell has fallen out of favor with President Trump over not lowering interest rates.  Markets have been keeping a particularly close eye on the situation, reacting to rumors - when they come up - of Trump potentially being on the verge of firing Powell.  The central bank is set to announce its latest decision on rates on the 30th.  

 

>>CEO Resigns After Kiss Cam Incident

(Undated)  --  Data tech company Astronomer says its CEO has resigned after being caught on the Kiss Cam at a recent Coldplay concert in Massachusetts.  In a post on social media over the weekend, the company said "Andy Byron has tendered his resignation and the board of directors has accepted."  Astronomer said its board will start the search for Byron's replacement as "Co-founder and Chief Product Officer Pete DeJoy continues to serve as interim CEO."  Tens of millions of people have viewed the now-viral video of the Kiss Cam incident at Gillette Stadium.  

 

>>Trash Strike Continues 

(Boston, MA)  --  The strike by trash collection company Republic Services continues.  The nationwide strike against the company started in early July, and negotiations held Friday failed to reach an agreement.  Massachusetts Governor Maura Healey says the strike, which initially kicked off in the Bay State is a major nuisance and a public health concern, and is urging the company to reach a deal with its workers.  Two hearings on the matter are expected to take place today in Salem Superior Court.

 

>>Attacks On SharePoint Servers Reported

(Redmond, WA)  --  Microsoft is warning of active attacks against SharePoint servers used by governments and businesses around the world.  The attacks were discovered over the weekend and are using a previously-unknown vulnerability in the software.  It allows attackers to bypass two-factor authentication to get access to systems.   The FBI says it is on the case, working to mitigate the threat.  

 

>>Americans Holding Off On Retirement

(Des Moines, IA)  --  More Americans are delaying retirement over concerns about the economy and their own finances.  A new survey from F&G Annuities and Life found 23 percent of people over 50 are planning to hold off.  That's up from 14 percent two years ago.  Another study found that the median savings of 55-year-olds is roughly 50-thousand dollars.  There's also Social Security.  The longer a person waits to retire, the more benefits they'll receive.

 

>>Couples Going Into Debt For Their Pets 

(Undated)  --  A new Insurify survey says dual income couples with no kids are going into debt for their pets.  The survey found that 94-percent of these couples view their pets as family members.  With 68-percent of these pet parents saying they have made financial sacrifices to cover pet essentials.  The couples surveyed spend an average of 19-hundred a year on their pets.  Only eleven-percent of those surveyed said they don't splurge on their pets. 


 

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