Business News

AM Business Notebook 

For: September 4, 2025 

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed mixed yesterday.  The S&P 500 was pushed higher by Google-parent company Alphabet after a federal court ruled it could keep its Chrome browser.  At the closing bell, the Dow Jones Industrial Average lost 24 points to 45-271.  The S&P 500 gained 32 points to 64-48.  The Nasdaq rose by 218 points to 21-497.

 

>>Focus On Employment Today And Tomorrow 

(Undated)  --  ADP releases its employment report this morning with most analysts expecting the private sector added 75-thousand new positions in August versus 104-thousand the month before.  Weekly jobless claims are also due today with just a slight increase forecast.  Things wrap up Friday with the week's most anticipated report - monthly employment stats.  

 

>>Trump To Host Tech CEOs At The White House 

(Washington, DC)  --  President Trump hosts over 20 high-profile tech CEOs for the first event in the newly renovated Rose Garden later today.  Meta founder Mark Zuckerberg, Apple CEO Tim Cook, Microsoft founder Bill Gates and OpenAI founder Sam Altman are all on the invite list.  The event comes as many tech industry leaders have looked to built a stronger relationship with Trump, with companies adjusting their policies to do away with DEI initiatives to align with the administration. 

 

>>Federal Reserve Governor Calls For Lower Rates

(Washington, DC)  --  One of President Trump's potential picks to chair the central bank is calling for interest rate cuts.  During an interview, Christopher Waller raised concerns about how quickly the weakening job market could fall apart if the Fed doesn't cut rates at its upcoming September policy meeting.  Waller, who was appointed to the Fed by Trump during his first term, is among roughly a dozen potential candidates to succeed current Chairman Jerome Powell.  Waller won points with Trump and his top advisers as he has been less concerned about the threat of tariff-driven inflation. 

 

>>House Lawmakers Introduce Stock Trading Ban For Congressional Members 

(Washington, DC)  --  House lawmakers have introduced bipartisan legislation that would ban members of Congress from trading stock.  One of those working to see legislation enacted on the issue is Republican Representative Chip Roy of Texas.  He says it's not even really about politics, rather it's more like "If you want to day trade, leave Congress.  It's that simple."  House Speaker Mike Johnson has signaled support for the idea but says the details still need to be ironed out.

 

>>OpenAI And Meta Adjusting Features For Teens

(Undated)  --  OpenAI and Meta will adjust their chatbot features to better respond to teens in crisis.  According to an OpenAI blog post, the tech company "recently introduced a real-time router that can choose between efficient chat models and reasoning models based on the conversation context."  The new measures come after a 16-year-old in California died by suicide after conversing with OpenAI's ChatGPT.  The teenager's parents are now calling for OpenAI's CEO to "unequivocally say that he believes ChatGPT is safe or immediately pull it from the market." 

 

>>C-SPAN Deal With Hulu And YouTube

(Washington, DC)  --  C-SPAN's channels will join YouTube TV's base package lineup as well as Hulu's Live TV platform this fall. YouTubeTV will also carry the network's coverage of "America 250" celebrations and invest in the optimization of C-SPAN's presence on YouTube. The CEO of the public affairs channel said the company is "excited" to bring its programming to YouTube TV's growing streaming audience. The agreement between the platforms comes as C-SPAN and many other cable channels face declining viewership on linear broadcast television. 

 

>>Claire's Shuttering Stores Amid Bankruptcy

(Hoffman Estates, IL)  --  Tween accessory retailer Claire's is planning to close stores weeks after announcing it was filing for bankruptcy for a second time in a seven-year span.  The company will shutter 235 Claire's and dozens more Icing stores, with locations in California, Illinois, New York and Pennsylvania among the most impacted. 


 

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