Business News

AM Business Notebook 

For: January 21, 2026

>>All Eyes On Wall Street 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks plunged Tuesday, closing sharply lower on fears of a global trade war.  The broad sell-off came after President Trump threatened allies with escalating tariffs over Greenland.  Meanwhile, gold and silver hit fresh record highs.  At the closing bell, the Dow Jones Industrial Average fell 870 points to 48-488.  The S&P 500 lost 143 points to 67-96.  The Nasdaq dropped 561 points to 22-954.

 

>>World Economic Forum Underway In Davos

(Davos)  --  The World Economic Forum continues in Davos, Switzerland bringing together leaders from around the globe to discuss geopolitics, trade, tech and more.  Treasury Secretary Scott Bessent addressed the forum on Tuesday, urging European allies to hold back on retaliatory tariffs in response to President Trump's threatened tariffs over Greenland.  Asked what he thought Trump would have to say in his remarks at Davos, Bessent said he believes the message will be clear: "The U.S. is back."

 

>>FTC To Appeal Meta Monopoly Ruling

(Washington, DC)  --  The Federal Trade Commission plans to appeal a court ruling that found tech giant Meta doesn't hold a monopoly over personal social networking.  Last year a federal judge ruled Facebook's parent company didn't violate antitrust laws.  On Tuesday the FTC announced it would appeal the ruling, maintaining that Meta broke the law when it acquired Instagram and WhatsApp over a decade ago.  The FTC originally sued the company back in 2020.

 

>>MN Sets Friday For Economic Blackout/Anti-ICE Strike

(Minneapolis, MN)  --  Dozens of Minneapolis-area grocery stores, restaurants and co-ops will be closed Friday as part an anti-ICE general strike.  The organized protest is dubbed "ICE Out MN: Day of Truth and Freedom."  

 

>>NYC Nurses Strike Rolls On 

(New York, NY)  --  Striking New York City nurses are getting some big name support as they continue to walk the picket lines.  U.S. Senator Bernie Sanders and New York City Mayor Zohran Mamdani brought donuts to hundreds of striking nurses on the picket line Tuesday.  Both lawmakers say they stand with the nurses who are now in their tenth day of a strike as they demand better pay and benefits and safer working conditions.  Negotiations between the hospitals and the union remain at a standstill.

 

>>American Airlines Upgrades App

(Fort Worth, TX)  --  American AIrlines wants to make it easier for customers to rebook flights and track their luggage.  The airline is making improvements to its mobile app with those features and others, like getting hotel and meal vouchers.  Users will also be able to track their bags in real time and book ride share trips from the app.  

 

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