Business News

AM Business Notebook

For: September 16, 2025

>>Watching Wall Street

(New York, NY) -- The opening bell rings this morning after the trading week got off to a positive start Monday with stocks closing higher on Wall Street. Stocks rose with the S&P 500 and tech-heavy Nasdaq climbing to all-time highs after President Trump said trade talks with China had been going well. Tesla shares jumped seven percent. At the closing bell, the Dow Jones Industrial Average gained 49 points to 45-883. The S&P 500 added 30 points to 66-15. The Nasdaq rose 207 points to 22-348.

 

>>Fed Expected To Cut Rates

(Washington, DC) -- The focus is on the Federal Reserve this week with the central bank widely expected to cut interest rates. The Fed kicks off its two-day meeting in Washington, DC today, with an announcement on a possible cut coming Wednesday. Also happening today, we'll get a look at the import price index for August, along with the latest data on retail sales and the home builder confidence index.

 

>>TikTok Framework Deal Reportedly Reached

(Washington, DC) -- A deal to save TikTok in the U.S. is apparently almost done. Treasury Secretary Scott Bessent confirmed there is a "a framework for a TikTok deal" after trade talks between China and the U.S. took place in Madrid. He added that President Trump and Chinese President Xi Jinping [[ she jeen-peeng ]] will talk Friday to iron out the details. TikTok's China-based owner ByteDance has until Wednesday to sell the popular social media app or have it possibly banned in the U.S.

 

>>Alphabet Reaches $3 Trillion Market Cap

(New York, NY) -- Alphabet is now a member of the ultra-elite three-trillion-dollar club. Shares of the tech giant surged more than four-percent on Monday, joining the ranks of Nvidia, Microsoft and Apple. The three-trillion-dollar milestone comes roughly 20 years after Google shares first went public and a decade after the creation of Alphabet as a holding company.

 

>>Boeing And Spirit AeroSystems Facing Millions In Fines

(Washington, DC) -- The FAA is proposing more than three-million dollars in fines against Boeing and Spirit AeroSystems after hundreds of safety violations were discovered. The violations occurred at the Boeing plant in Renton, Washington and the Spirit AeroSystems plant in Wichita, Kansas. Officials say the violations happened between September of 2023 and February of 2024 on the 737 production lines for both companies. They include concerns related to the January 2024 door plug panel blowout on an Alaska Airlines 737 Max Jet after takeoff.

 

>>Bed Bath & Beyond Buys Kirkland's Home

(Union, NJ) -- Bed Bath & Beyond is buying the Kirkland's Home name from The Brand House Collective. The ten-million-dollar deal announced yesterday will convert existing Kirkland's Home locations into Bed Bath & Beyond stores. The company has been attempting to rebuild after declaring bankruptcy in 2023.

 

>>Ford Moves Its World Headquarters

(Dearborn, MI) -- Ford is moving its headquarters to a new location just down the road. The new two-point-one million square foot building will open in Dearborn, Michigan this fall. According to the automaker, it officially will be called "Ford World Headquarters" with accommodations for some 14-thousand employees on its sprawling campus. Along with high-tech meeting rooms and offices, it will feature six design studios, a huge food hall and a wellness center. It will be more than double the size of Ford's current headquarters -- known as "The Glass House" -- which has be in use for about 70 years. 

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