Business News

AM Business Notebook 

For: September 18, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed mixed yesterday.  At the closing bell, the Dow Jones Industrial Average gained 260 points to 46-018.  The S&P 500 fell by six points to 66-00.  The Nasdaq dropped by 72 points to 22-261.

 

>>Fed Reserve Lowers Interest Rates

(Washington, DC)  --  The Federal Reserve is cutting interest rates for the first time in nine months.  The Fed cut rates by a quarter-percentage point on Wednesday.  It comes as President Trump has called for the central bank to lower rates for months.   A majority of policy makers have said they want two more rate cuts this year.

 

>>Bank Of America Raises Minimum Wage, Promises To Hire More Veterans

(Charlotte, NC)  --  Bank of America is increasing its minimum wage to 25-dollars an hour while promising to hire ten-thousand military veterans over the next five years.  The bank announced the move Wednesday, noting it was looking for long-term, career minded talent.  In addition to hiring veterans, the company also said it would increase hiring from community colleges.  

 

>>Meta Shows Off Ray-Bans

(Menlo Park, CA)  --  Meta is unveiling their new 800-dollar Ray-Ban Display glasses, the company's first consumer-ready smart glasses with a built-in display.  CEO Mark Zuckerberg showed off the new AI-powered accessory on Wednesday.  The glasses have a display that can be controlled with hand gestures linked through a wristband.  They go on sale September 30th.

 

>>Live Nation CEO Says Concert Tickets Are Underpriced

(Los Angeles, CA)  --  Live Nation's CEO says concert tickets are still underpriced.  Michael Rapino compared the costs of attending a concert or a sporting event while speaking at CNBC Sport and Boardroom's Game Plan conference Tuesday in Los Angeles.  He said the average concert ticket price is 72-dollars and added, "Try going to a Laker game for that."  The latest Bureau of Labor Statistics consumer price index data showed prices for movie, theater and concert tickets jumped three-point-four-percent last month compared to a year ago.  Meanwhile, the cost to go to a sporting event dropped half-of-one-percent from last year.

 

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