Business News

AM Business Notebook 

For: December 12, 2025

>>Trading Week Winding Down 

(New York, NY)  --  The opening bell rings this morning after stocks closed mixed yesterday.  The Dow Jones Industrial Average and the S&P 500 both closed at record highs.  At the closing bell, the Dow Jones gained 646 points to 48-704.  The S&P 500 gained 14 points to 69-01.  The Nasdaq lost 60 points to 23-593.

 

>>Jump In Weekly Jobless Claims 

(Undated)  --  More Americans are filing for first-time unemployment assistance.  The Labor Department reported Thursday that it received 236-thousand initial requests in the week ending December 6th.  That's more than the 223-thousand most analysts had been expecting and it marks an increase of more than 40-thousand claims over the week prior.  That's the biggest jump seen since March of 2020.

 

>>House Repeals Trump EO Ending Union Rights For Federal Workers

(Washington, DC)  --  The House of Representatives has overturned one of President Trump's executive orders.  The House voted 231-195 to repeal an order that Trump signed in March ending union rights at federal agencies.  The bipartisan measure would restore collective bargaining for nearly one-million federal workers.  The administration argued that restricting union rights was necessary to protect national security.  The measure now has to pass the Republican-controlled Senate.  

 

>>OpenAI Launches Its Latest AI Model GPT-5.2

(San Francisco, CA)  --  OpenAI is taking the wraps off its latest AI model as competition heats up.  GPT-5.2 is now out in three different levels designed to handle varying degrees of complexity.  And in other OpenAI news, users will soon be able to use Disney characters on Sora.  The two companies announced a three-year licensing deal that will allow users to generate short form videos on the AI platform using more than 200 Disney, Marvel, Pixar and Star Wars characters.  A selection of the user generated videos will be made available to watch on Disney-Plus.  The deal will also allow ChatGPT to create user prompted images using Disney properties.  As part of the deal, Disney is making a one-billion dollar equity investment into OpenAI.

 

>>Rivian's Autonomy and AI Day Features New Tech

(Palo Alto, CA)  --  Electric vehicle maker Rivian has unveiled a custom chip, car computer and AI models that will bring a self-driving feature to its new vehicles.  It also announced plans to roll out Autonomy-plus subscriptions in 2026 at its first-ever Autonomy and AI Day.  The subscriptions will provide expanded hands-free driving capabilities and be powered by new chips and computers.  The service starts at 25-hundred dollars annually.  Tesla officers its premium service for eight-thousand annually.  Rivian's new EVs will start being delivered in the first half of 2026.

 

>>Silver Prices Hit All-Time High

(Undated)  --  Silver prices hit an all-time high on Thursday.  The cost for one ounce rose to 64-dollars, 31-cents during daytime trading.  The metal is up more than 115 percent this year after starting January under 30-dollars per ounce.  The price is up more than 14-dollars per ounce since November 20th.  

 

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