Business News

AM Business Notebook 

For: October 14, 2025 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher yesterday to start the week on Wall Street.  Stocks rallied after President Trump eased worries about trade relations with China.  Gains in Broadcom and other chipmakers led the way after Trump's Truth Social post on Sunday suggested he's unlikely to impose new tariff hikes on China.  At the closing bell, the Dow Jones Industrial Average gained 587 points to 46-067.  The S&P 500 rose 102 points to 66-54.  The Nasdaq climbed 490 points to 22-694.

 

>>Senate To Vote On Shutdown Again

(Washington, DC)  --  Senate lawmakers will be back at the Capitol today for another attempt to end the federal government shutdown, now in its third week.  A vote is planned but there's little sign of progress toward funding the government with both Democrats and Republicans seemingly dug in.  House Democrats are also meeting today to discuss how to move forward.

 

>>NASA JPL Laying Off 10% Of Workforce   (Pasadena, CA)  --  Cuts are coming to NASA's Jet Propulsion Laboratory.  JPL director Dave Gallagher said yesterday that nearly ten-percent of its workforce is being laid off.  Officials say it's related to the "realignment of its workforce" and not to the ongoing federal government shutdown.  The reductions will impact about 550 workers in tech, business and support sectors.  Employees are expected to receive an update on their employment status today.

 

>>Fed Chair Powell Speaks Today  

(Philadelphia, PA)  --  Fed Chair Jerome Powell is set to speak today in Philadelphia, addressing a business forum as key economic reports are being delayed due to the ongoing government shutdown.  He's expected to give guidance as to future monetary policy.  That includes a possible interest rate cut at the end of this month.  Powell's remarks to the National Association for Business Economics are scheduled for 12:20 pm Eastern time.  

 

>>Apple Drops "Plus" From Streaming Service Name

(Cupertino, CA)  --  Apple is rebranding its streaming service.  It will now be known simply as Apple TV, dropping the "plus" from its name.  The tech giant revealed the change Monday when announcing the streaming premiere for the Brad Pitt blockbuster, "F1: The Movie."  Apple said the new name is a "vibrant new identity" for the streaming service.  The streaming service's new name is now the same as its Apple TV streaming device.

 

>>Amazon Starts Holiday Hiring

(Seattle, WA)  --  Amazon is hiring 250-thousand people in the U.S. ahead of the holidays.  It's looking for full-time, part-time, and seasonal workers for its fulfillment and transportation teams.  Employees can earn an average of 23 dollars per hour, plus benefits.  The company says new job opportunities are posted weekly from October through December.

 

>>LendingTree Founder, CEO Dies In ATV Accident 

(Charlotte, NC)  --  The founder and CEO of LendingTree has died after a weekend ATV accident.  The company announced Doug Lebda died Sunday in North Carolina.  The accident happened on his family's farm.  Lebda founded LendingTree in 1996 as an online marketplace for loans.  The company remembered Lebda as a visionary leader who transformed the financial services landscape.  He was 55. 


 

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