Business News

AM Business Notebook

For: October 27, 2025

>>Ahead Of The Bell

(New York, NY) -- The opening bell rings this morning after Wall Street closed out the week in record territory on the latest inflation data. Stocks surged after a softer-than-expected consumer price index reading. All three major indexes posted new closing records to cap a winning week. At the closing bell, the Dow Jones Industrial Average gained 472 points to 47-207. The S&P 500 added 53 points to 67-91. The Nasdaq rose 263 points to 23-204.

 

>>What To Watch For This Week

(Undated) -- Coming up in the business week ahead, the government shutdown continues, which means we'll be missing some key economic reports previously scheduled for release. The main focus of the week will be the upcoming meeting of the Federal Open Market Committee. The Fed announces its decision on interest rates on Wednesday, with Chairman Jerome Powell delivering remarks immediately following. Most analysts see the central bank lowering its benchmark interest rate by a quarter point.

 

>>U.S. Envoy Says China Trade Talks Closer To An Agreement

(Kuala Lumpur) -- Top U.S. officials say trade talks with China are getting closer to an agreement. U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent met with China's Vice Premier on the sidelines of the ASEAN Summit in Malaysia on Sunday. Greer said, "I think we're moving forward to the final details" of an agreement that President Trump and Chinese leader Xi Jinping [[ she jeen-peeng ]] can review together. Trump said earlier on Air Force One that he believes the two nations will reach a "comprehensive deal" that will put an end to the U.S.- China trade war.

 

>>Bessent: Final Deal Reached On TikTok

(Undated) -- Treasury Secretary Scott Bessent says the TikTok deal is set to be finalized when President Trump and Chinese President Xi Jinping meet this week. Bessent made the statement during an appearance on CBS' Face the Nation, saying that all the details are ironed out, and that it'll be for the two leaders to consummate the transaction. This comes after President Trump signed an executive order last month to approve a deal that allows a Chinese company to sell the social media platform to a group of American investors.

 

>>Workers Reject Boeing's Latest Offer

(St. Louis, MO) -- Striking workers at three Boeing facilities in the St. Louis area have rejected the company's latest contract proposal. The strike has been going on for almost three months and has delayed delivery of fighter jets and other programs. With this latest effort, union leadership said the company failed to address the needs of the roughly 32-hundred members of the International Association of Machinists and Aerospace Workers District 837.

 

>>Penny Shortages Already Hitting Some Retailers

(Undated) -- A penny shortage is affecting retailers nationwide. The Treasury Department halted penny production in May and the U.S. Mint cranked out its last batch of pennies in August. Now, a growing number of convenience stores and major chains are reporting issues. Take Kroger for example, the grocery chain has started asking shoppers paying in cash to do so with exact change. The American Banking Association says about 250 billion pennies are still in circulation, but notes some "localized supply issues." 

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