Business News

AM Business Notebook 

For: July 28, 2025

>>Ahead Of The Bell    

(New York, NY)  --  The opening bell rings this morning after a winning week on Wall Street.  Stocks advanced Friday with the S&P 500 and the tech-heavy Nasdaq hitting new records on strong earnings results and the latest trade developments.  All three major averages gained more than one percent for the week.  At the closing bell, the Dow gained 208 points to 44-901.  The S&P 500 added 25 points to 63-88.  The Nasdaq rose 50 points to 21-108.

 

>>Trump Announces Trade Deal With The EU

(Glasgow)  --  President Trump is celebrating the announcement of what he calls the "biggest deal ever made" - a new trade deal with the European Union that will set tariffs at 15 percent.  Speaking on Sunday, the President said the 27-member EU has agreed to purchase 750-billion dollars worth of energy and 600-billion dollars worth of investments in the U.S.  The deal ends months of uncertainty surrounding America's largest trading partner.  

 

>>What To Watch For This Week

(Undated)  --  Coming up in the business week ahead, things get off to a relatively slow start with no major economic reports on the calendar today.  Job openings and consumer confidence data are due on Tuesday.  The following day brings the Federal Reserve's decision on interest rates.  Despite President Trump's ongoing pressure on Chairman Jerome Powell to bring rates down, the central bank is widely expected to stand pat, with no change seen coming until September at the earliest.  ADP's latest employment report, GDP numbers and pending home sales will also be out Wednesday.  Thursday brings word on weekly jobless claims and things wrap up Friday with the always highly-anticipated monthly employment report.  Most analysts expect the economy added just over 100-thousand new jobs in July, versus the 217-thousand created the month prior.  

 

>>NASA Reports 3K Employees Leaving

(Cape Canaveral, FL)  --  Thousands of NASA employees are taking advantage of early retirement.  NASA recently announced three-thousand employees have accepted offers of early retirement or resigned.  That amounts to about a fifth of its workforce, leaving the space agency with about 14-thousand civil servants.  

 

>>Tea App Hacked, Data Leaked

(Undated)  --  An app billed as a safe space for women to talk about men has been hacked, with thousands of pictures and images of ID cards leaked online.  The Tea app provides users who are verified as women with an opportunity to share notes about men, looking for red flags or other info about their behavior.  The hacked data, which appears to be about two years old, was leaked on the website 4chan.  The company behind the app says it is working to secure its platform and prevent any further breaches.

 

>>Panera Layoffs

(Fenton, MO)  --  Layoffs are coming to Panera Bread as the company shuts down fresh dough production operations in underperforming locations.  Some facilities have already started closing up shop.  Panera will now be leaning on third-party contractors to prepare their dough following their recipe and have it shipped frozen to restaurants. 


 

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