Business News

AM Business Notebook

For: July 24, 2025

>>Ahead Of The Bell (New York, NY) -- The opening bell rings this morning after stocks closed higher on Wall Street yesterday. The S&P 500 and the tech-heavy Nasdaq both closed at record highs. That came a day after President Trump announced a trade deal with Japan. At the closing bell, the Dow Jones Industrial Average gained 507 points to 45-010. The S&P 500 rose by 49 points to 63-58. The Nasdaq gained 127 points to 21-020.

 

>>On Today's Calendar

(Undated) -- The weekly look at unemployment claims comes today. Most analysts are expecting the Labor Department to report receiving around 227-thousand first-time requests for jobless benefits last week. That would be an increase from the previous week's 221-thousand. The latest data on new home sales is also due today.

 

>>Tesla Misses Earnings Expectations

(Austin, TX) -- Tesla earnings and revenue missed their target in the second quarter. The electric automaker on Wednesday reported revenue of 22-point-five-billion, below the 22-point-65-billion expected. That's a 12-percent drop over last year. The company did say that a more affordable model was still planned to go into production later this year.

 

>>Uber To Launch New Feature For Women

(San Francisco, CA) -- Uber is launching a new feature in the U.S. that pairs women drivers and riders. The ride-share company will begin piloting the feature in Los Angeles, San Francisco and Detroit next month, marking its latest move to address safety on the platform. The company said the rider's preference isn't guaranteed but the feature increases the chances women will be paired in the app.

 

>>Trump Administration Comes Out With AI Race Plan Of Action

(Washington, DC) -- The White House is releasing an action plan to win the AI race. President Trump signed an executive order, 'Removing Barriers to American Leadership in AI,' in January with a goal of ushering in "a new golden age of human flourishing, economic competitiveness, and national security for the American people." The new artificial intelligence blueprint calls for the export of U.S. AI technology abroad and a crackdown on state laws deemed too restrictive to let it flourish. The president is expected to take more actions in upcoming weeks to help tech giants power the AI industry.

 

>>Canada's PM Rejects U.S. Trade Deal Claims

(Huntsville, Ontario) -- Canadian Prime Minister Mark Carney says, "The Government of Canada will not accept a bad deal," when speaking on trade relations with the U.S. Carney rejected the idea that the country would agree to a rushed trade deal despite a looming August 1st deadline to reach an agreement. Canadian exports face a 35-percent tariff if a deal is not reached, but according to Carney the "objective is not to reach a deal whatever it costs" rather he is seeking a deal "that will be in the best interest of Canadians." The Prime Minister said leaders from other countries "want to do more with Canada."

 

>>Alphabet Surpasses Second-Quarter Earnings Estimates

(Mountain View, CA) -- Google's parent company, Alphabet, is surpassing analysts' estimates with its latest earnings report. The technology conglomerate was estimated to hit 94-billion-dollars in revenue but earned 96-point-43-billion-dollars. The company also outpaced earnings per share estimates set at two-dollar-and-18-cents compared to two-dollars-and-31-cents that was reported.

 

>>AI Wearable Bee Snapped Up By Amazon

(San Francisco, CA) -- Amazon is buying AI wearable start-up Bee. Bee makes Fit-bit-like wearables for around 50-dollars plus a 19-dollar-per-month subscription. The product records everything it hears, unless the user manually mutes it. The idea, according to its maker, is listening to conversations to create reminders and to-do lists for the user.

 

>>Instagram Adds New Protections For Apps Featuring Kids

(Menlo Park, CA) -- Meta is rolling out new protections for Instagram accounts run by adults that feature children. These include accounts of adults who regularly share photos and videos of their children, along with accounts run by parents or talent managers that represent children. The new protections include strict message settings to prevent unwanted messages, and the filtering-out of offensive comments. 

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