Business News

AM Business Notebook 

For: September 19, 2025

>>Trading Week Winding Down 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher yesterday on Wall Street.  All three major averages closed at record highs a day after the Federal Reserve cut interest rates for the first time in nine months.  At the closing bell, the Dow Jones Industrial Average gained 124 points to 46-142.  The S&P 500 rose by 31 points to 66-31.  The Nasdaq gained 209 points to 22-470.

 

>>Supreme Court To Hear Trump's Tariff Case In November

(Washington, DC)  --  The Supreme Court will hear arguments on the legality of President Trump's tariff plan in November.  The focus will be on Trump using a law meant for times of emergency to impose the duties without the help of Congress.  The high court scheduled oral arguments for November 5th after it agreed to fast track the case.  Two different cases have been taken on by the Supreme Court that cover most of the tariffs including one filed by the Trump administration in response to an Appeals Court ruling late last month that said he had went above his authority. The other case is a challenge made by two companies. The tariffs will stay in place until the court makes a decision.

 

>>Hyundai Investing $2.7B In Georgia Plant

(Ellabell, GA)  --  Hyundai is planning to invest two-point-seven billion dollars into expanding a plant in Georgia.  It's the same site that was recently the target of an immigration raid that picked up 475 workers, including 300 South Korean nationals.  The plan aims to bring production capacity to 500-thousand cars a year while creating three-thousand jobs.

 

>>Starbucks Workers Sue Over Dress Code

(Undated)  --  Starbucks workers are taking legal action against their employer. Class-action lawsuits were filed in Illinois and Colorado on Wednesday, accusing the company of breaking the law by implementing a new dress code without reimbursing employees for the associated expenses. Multiple plaintiffs said they requested reimbursement from Starbucks to conform to the new dress code but were denied. Now the workers are seeking damages on behalf of all Starbucks workers in states were lawsuits were filed as well as those not unionized.

 

>>Tesla To Redesign Door Handles After Reports Of Trapped Passengers

(New York, NY)  --  Tesla is redesigning its door handles after reports of passengers being trapped inside.  The head of design for the electric car company said in a podcast Wednesday that Tesla was looking to combine the manual and electronic release mechanisms in the doors, which are now separate, in order to make it easier to escape the car in a "panic situation."  A recent "Bloomberg" investigation found 140 incidents of people being trapped in Teslas due to problems with the door handles, including instances where passengers died in a crash because rescuers were unable to open the doors.  

 

>>Nvidia Buying $5 Billion Stake In Rival Intel.

(Santa Clara, CA)  --  Nvidia is announcing plans to buy a five-billion-dollar stake in its rival Intel.  The semiconductor company powering the artificial intelligence revolution will also begin a partnership to develop chips together for PCs and data centers.  Nvidia's announcement follows the government's purchase of a ten-percent stake in Intel worth nearly nine-billion-dollars and Japan's SoftBank two-billion-dollar investment.  Both Intel and Nvidia shares have surged.

 

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