Business News

AM Business Notebook 

For: January 2, 2026

>>Trading Resumes On Wall Street 

(New York, NY)  --  Trading resumes on Wall Street this morning following the New Year's holiday.  Stocks wrapped up the year lower in Wednesday trading, leaving many investors wondering what happened to the supposed Santa Claus rally.  At the closing bell, the Dow Jones Industrial Average fell 303 points to 48-063.  The S&P 500 lost 50 points to 68-45.  The Nasdaq dropped 177 points to 23-241. 

 

>>Warren Buffett, The 'Oracle Of Omaha,' Retires

(Omaha, NE)  --  Warren Buffett is officially retired.  Wednesday was the 95-year-old billionaire investor's final day as CEO of Berkshire Hathaway after six decades leading the company.  Greg Abel takes over as Berkshire Hathaway CEO.

 

>>Sprinkles Cupcakes Shutting Down

(Beverly Hills, CA)  --  Sprinkles Cupcakes is shutting down.  Founder Candace Nelson made the announcement in a social media post on Wednesday.  She founded the bakery in 2005, opening the first store in Beverly Hills.  Sprinkles became known for its signature cupcake ATMs and expanded across the country.  No reason for the closure has been given.  

 

>>Gas Prices Start Year Off Under $3 A Gallon   

(Undated)  --  Average gas prices across the U.S. are starting off 2026 under three bucks a gallon.  Triple-A reports the average cost of a gallon of gas is two-dollars-83 cents a gallon.  That's down seven cents from a month ago.  The most expensive gas is in Hawaii at four-dollars-42 cents while the cheapest average is in Oklahoma at two-24.

 

>>Countdown To CES 2026

(Las Vegas, NV)  --  Dubbed "the most powerful tech event in the world," CES 2026 kicks off next week in Las Vegas.  The annual trade show, formerly called the Consumer Electronics Show, promises to bring a look at what the future may hold with new products and trends taking center stage.  Presentations are on tap from companies like Samsung, NVIDIA, LG, Lenovo and more.  The show runs through January 9th.


 

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