Business News

AM Business Notebook 

For: January 22, 2026 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher on Wednesday.  This, after President Trump announced a "framework" deal has been agreed to related to the U.S. and Greenland.  He went on to say that he will not be imposing tariffs that were scheduled to go into effect on February 1st.  Before that, stocks were already seeing a rise after Trump announced he wouldn't use force to acquire Greenland.  At the closing bell, the Dow Jones Industrial Average rose 588 points to 49-077.  The S&P 500 climbed 78 points to 68-75.  The Nasdaq jumped 270 points to 23-224.

 

>>JPMorgan Chase CEO On U.S. As Economic Partner

(Undated)  --  The CEO of JPMorgan Chase is weighing in on the United States' reliability as a global ally under President Trump.  According to Jamie Dimon, he does not view America as unreliable, but he says it is now "less reliable."  However, the CEO was otherwise reluctant to criticize Trump during his interview with The Economist at the World Economic Forum, except for on the issue of a credit card rate cap.  Dimon said a ten-percent cap on credit card rates "would be an economic disaster," although he suggested his company "would survive it."

 

>>Home Sales Drop

(Washington, DC)  --  Pending home sales plunged last month.  According to the National Association of Realtors survey, pending sales of existing homes fell nine-point-three-percent across the U.S. between November and December.  Sales are down to their lowest point in five months.  Economists say rising home prices and fewer listings offset lower interest rates.

 

>>Jeff Bezos' Blue Origin Starts Satellite Network To Compete With Starlink

(Seattle, WA)  --  Blue Origin is starting a satellite communications network to rival Starlink.  The space company founded by Amazon's Jeff Bezos announced on Wednesday that it will deploy over 54-hundred satellites into Earth's orbit for a communications network that will serve data centers, businesses and governments.  Blue Origin says the satellite deployment will begin in the last quarter of 2027, and that the new network will have "data speeds of up to six terabytes per second anywhere on Earth."  The Jeff Bezos network called TerraWave will compete with Elon Musk's Starlink, which currently has about ten-thousand satellites in low orbit.

 

>>Netflix Adds More Video Podcasts To Library

(Los Gatos, California)  --  Netflix is adding new video podcasts to its platform.  This comes after the streaming service unveiled its first original series "The Pete Davidson Show" earlier this month.  Eight shows in all are coming to Netflix starting in February, including "Therapuss with Jake Shane" and "48 Hours: Post Mortem."  

 

>>Vegas Properties Move To Daytime All Solar 

(Las Vegas, NV)  --  MGM Resorts has a new sunny disposition in Sin city.  The hospitality, sports and entertainment juggernaut is now running on 100-percent renewable energy for its daytime power at all of its Las Vegas strip properties.  The Escape Solar and Storage project, finished last month, is providing MGM with 115 megawatts of solar power and battery storage to supplement its access to renewable energy.  MGM says the project is driving its push toward 100-percent renewable electricity in the U.S. by 2030.  The company says renewable energy will protect it from the unpredictable costs of traditional energy. 

 

>>Smithfield Foods To Acquire Nathan's Famous

(Smithfield, VA)  --  Smithfield Foods is acquiring the Nathan's Famous hot dog brand.  The deal announced yesterday will pay Nathan's Famous 450-million dollars for all of its outstanding shares.  Virginia-based Smithfield already had an exclusive contract to make and sell Nathan's Famous products in the U.S. and Canada.  The deal is expected to close in the first half of this year.


 

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