Business News

AM Business Notebook

For: December 17, 2025

>>Ahead Of The Bell

(New York, NY) -- The opening bell rings this morning after stocks closed mostly lower yesterday. It comes as investors finally got a glimpse of the latest jobs report. It showed the unemployment rate ticked up to four-point-six-percent from four-point-four percent in September. Meanwhile, the data showed 105-thousand jobs were lost in October, while 64-thousand jobs were added in November. Elsewhere, energy stocks suffered losses with shares of Exxon Mobil and Chevron both in the red. At the closing bell, the Dow Jones Industrial Average fell 302 points to 48-114. The S&P 500 dropped 16 points to 68-00 . The Nasdaq rose 54 points to 23-111.

 

>>Warner Bros. Discovery To Ask Shareholders To Reject Paramount Bid

(Burbank, CA) -- Warner Brothers Discovery plans to ask shareholders to reject a takeover bid from Paramount Skydance. Multiple reports indicate that could happen as soon as today. Paramount made the 108-billion-dollar bid after Warner Brothers agreed to a 72-billion-dollar deal with Netflix for its film and streaming business. In the meantime, Affinity Partners, a major backer of Paramount's bid, has reportedly pulled out. Affinity was founded by President Trump's son-in-law Jared Kushner. Warner Brothers reportedly has concerns over how a Paramount deal would now be financed.

 

>>Instagram Launches TV App

(Menlo Park, CA) -- Instagram is making the jump from your phone screen to your TV screen. The popular social media app launched Instagram for TV on Tuesday. It lets users watch Reels that organized into personalized channels based on their interests. As of now, it's only available on Amazon Fire TV devices and only in the U.S. It's expected to expand to additional devices and markets next year.

 

>>Americans Planning To Spend Less On Holiday Gifts

(Undated) -- Americans are planning to spend less money on holiday gifts this year. According to an NBC News Decision Desk poll, 55 percent of respondents intend on spending "less" cash for gifts in comparison to last year while 36 percent said they were going to spend "about the same," and nine percent said they are going to spend "more." The poll also found that 41 percent of respondents described their personal financial situation as "about the same" compared to a year ago, 35 percent called it "worse" and 24 percent called it "better."

 

>>Nationwide Recall For Frozen Dairy-Free Dessert

(Denver, CO) -- A popular dairy-free frozen dessert is being recalled. Danone U.S. issued the recall of select pints of its "So Delicious Dairy Free Salted Caramel Cluster" sold at retail stores nationwide because small stones or hard objects may be found "within the cashew inclusions." An FDA notice said the company "is working swiftly" to get impacted products off store shelves and no other So Delicious Dairy Free flavors or products are impacted. Consumers who purchased the affected product are advised not to eat it, and they can call the So Delicious Dairy Free Care Line for information on refunds. 

 

>iHeartMedia, Netflix Announce Video Podcast Partnership

(New York, NY) -- iHeartMedia and Netflix are joining forces for an exclusive video podcast partnership. The streaming giant will become the exclusive video home for more than 15 of the top original iHeartPodcasts. The roster of podcasts that will be available on Netflix includes "The Breakfast Club," "My Favorite Murder," "Dear Chelsea" with Chelsea Handler and "Bobby Bones Presents: The Bobbycast." New video podcast episodes will launch on Netflix in the U.S. early next year. More markets will follow. 

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