Business News

AM Business Notebook 

For: October 13, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed out last week sharply lower.  The U.S. bond market will be dark today in observance of Columbus Day - or Indigenous Peoples' Day.  At Friday's closing bell, the Dow Jones Industrial Average lost 878 points to 45-479.  The S&P 500 fell 182 points to 65-52.  The Nasdaq dropped 820 points to 22-204.

 

>>Post Offices, Most Banks Closed Today

(Undated)  --  Most banks are closed today in observance of the Columbus Day holiday.  All United States Postal offices will also be closed and regular mail delivery won't happen.  Major retailers however should be open for business, although some may have hours adjusted. 

 

>>Labor Department Working To Release CPI Inflation Report

(Washington, DC)  --  The Labor Department is expected to release its September Consumer Price Index Inflation report later this month. According to the department's Bureau of Labor Statistics, work will "promptly resume" to get the report published on October 24th, which is nine days after it was originally scheduled. The report tracks a broad basket of goods and services for price changes over time. The department had originally paused work on the CPI report because of the government shutdown, but the Social Security Administration needs third-quarter data for calculating and publishing annual cost-of-living adjustments before November 1st. 

 

>>3rd Quarter Earnings Season Is Upon Us 

(Undated)  --  The third quarter earnings season will be soon be in full swing, with big banks jump starting things this week.  JPMorgan, Citigroup, Goldman Sachs and Wells Fargo are all due to report results on Tuesday.  Wednesday brings word from Bank of America and Morgan Stanley as well as United Airlines.  Simmons First National reports on Thursday and American Express will wrap up this week's most noteworthy reports on Friday.

 

>>Qantas Says Hackers Leaked Data On Millions Of Customers

(Sydney)  --  Qantas Airways says hackers have leaked the personal data of nearly six million customers online.  The Australian airline was among a number of companies targeted by hackers over the summer.  It said in a statement Sunday that the leak appeared limited, for the most part, to names, email addresses and frequent-flyer details.  However, some of the compromised records did include customer dates of birth, home or business addresses and phone numbers.

 

>>AI Industry Conferences

(Undated)  --  A couple of big AI industry conferences are taking place this week.  Oracle's AI World confab kicks off today in Las Vegas, just one month after Oracle inked a massive 300-billion-dollar deal with OpenAI.  Meanwhile, Salesforce.com holds its Dreamforce AI conference in San Francisco from Tuesday through Thursday.

 

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