For Friday, November 14th, 2025
>>Market Recap
(New York, NY) -- Wall Street closed yesterday after its worst day in over a month. The Dow Jones Industrial Average was down over 500 points at times after closing at a record high Wednesday. It all comes as the longest federal government shutdown in U.S. history came to an end this week. At the closing bell, the Dow fell 797 points to 47-457. The S&P 500 fell 113 points to 67-37. The Nasdaq dropped 535 points to 22-870.
>>Boeing Machinists Union Approves Contract, Ends Strike
(St. Louis, MO) -- More than three-thousand striking Boeing employees in the St. Louis area are headed back to work. Members of the International Machinists and Aerospace Workers voted on Thursday to approve Boeing's latest contract offer, ending the strike at 102-days. The new five-year contract gives union members a pay raise and a six-thousand-dollar upfront bonus. It also guarantees all members will keep their jobs even with Boeing hiring replacement workers.
>>WH To Ease Tariffs On Four Latin American Nations
(Washington, DC) -- The Trump administration plans to ease tariffs on four Latin American nations. On Thursday the White House announced it had agreed to frameworks for trade deals with Argentina, Guatemala, Ecuador and El Salvador. The deals will remove tariffs on certain foods and other products not produced in the U.S. in large enough numbers. This comes a day after Treasury Secretary Scott Bessent said that Americans will see "substantial announcements over the next couple days" regarding affordability. He didn't give details on how prices will be lowered, but said items such as coffee, bananas and other fruits will likely be impacted.
>>Silicon Valley Tech Company Layoffs
(Sunnyvale, CA) -- The tech industry is again letting go of some of its workforce. Synopsys, a Silicon Valley chip design company, plans to lay off about ten percent of its workforce. That's about 28-hundred employees. The restructuring is expected to cost the company three to 350-million dollars in severance and site closures. Most layoffs will take place in 2026, ending by the close of fiscal year 2027. The layoffs come after Synopsys acquired Ansys, a Pennsylvania company specializing in engineering simulation software, in a 35-billion-dollar deal.
>>U.S. Households Living Paycheck To Paycheck
(Undated) - Nearly a quarter of American households are living paycheck to paycheck. A new analysis from Bank of America found slow wage growth has contributed to an increase in households with limited savings, and lower income as well as middle-aged households are bearing the brunt of rising costs. Findings also reveal the number of households in the Northeast and Midwest living paycheck to paycheck has increased while it decreased for those living in the South and West. Bank of America's report defined households as living paycheck-to-paycheck if in the quarter their necessity spending exceeds 95-percent of their income.
>>Congressional Hemp Restrictions Threaten Industry
(Washington, DC) -- The hemp industry is bracing for change after Congress passed legislation Wednesday with a surprise provision to ban nearly all hemp-derived consumer products. Hemp is a derivative of the cannabis plant that was legalized in the 2018 Farm Bill for industrial uses like rope, textiles and seed. However, the law's broad definition created a loophole in federal rules on THC. The new ban will outlaw products containing more than zero-point-four-milligrams of total THC per container which industry executives say will wipe out 95-percent of the 28-billion-dollar hemp retail market when it takes effect in a year. More than 300-thousand jobs are reportedly at risk as executives also warn the ban could fuel a surge in black-market sales.
>>Workers' Views On AI's Employment Impact
(Undated) -- People across the globe are worried about AI's impact, but they do not think the technology will come for their jobs. According to a new YouGov poll, 72-percent of U.S. respondents said they worried about the broader economic effects of AI, while only 47-percent said they were concerned about their own jobs. When looking abroad, the survey found that 70-percent of adults surveyed in the U.K. worry about economywide AI impacts compared to 39-percent who worry about AI-related consequences for their own occupation. The survey covered nearly five-thousand adults in the U.S. U.K., India and Brazil, and it comes on the heels of major corporations laying off workers and citing AI as the reason.
>>Under Armour & Steph Curry Part Ways
(Undated) -- Under Armour and NBA icon Stephen Curry have mutually agreed to end their 13-year partnership effective immediately. Curry will maintain sole ownership of his Curry Brand, and is now a sneaker free agent. Under Armour CEO Kevin Plank said in a statement that the move is about "discipline and focus on the core Under Armour brand during a critical stage of our turnaround." Curry said in his own statement he's excited for a future focused "on aggressive growth with a continued commitment to keep showing up for the next generation."
>>Toyota Opens NC Battery Plant
(Liberty, NC) -- Toyota is showing off a 13-point-nine-billion-dollar battery plant in North Carolina. The automaker announced Wednesday that the Randolph County facility will eventually create up to 51-hundred jobs. It's the company's first battery plant outside of Japan. Toyota also announced it will be investing ten-billion-dollars in the U.S. over the next five years. Transportation Secretary Sean Duffy welcomed the announcement, crediting President Trump's economic policies. He joined North Carolina Governor Josh Stein and other government and business leaders to mark the plant's official opening yesterday in the small town of Liberty.
>>Skims Reportedly Valued At $5B
(Los Angeles, CA) -- Skims is now valued at five-billion-dollars. The shapeware brand, co-founded by Kim Kardashian, made the claim Wednesday after raising 225-million-dollars in funding. The company plans to open more shops and expand globally. The brand also said it expects sales to top one-billion-dollars this year.
