Business News

AM Business Notebook 

For: February 4, 2026

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed lower yesterday.  Tech stocks led the tumble with Nvidia and Microsoft falling two percent each with software stocks adding to the downward pressure.  At the closing bell, the Dow Jones Industrial Average lost 166 points to 49-240.  The S&P 500 fell 58 points to 69-17.  The Nasdaq dropped 336 points to 23-255.

 

>>X Offices In France Searched

(Paris)  --  The world's richest man says he's the victim of a political attack.  This, after Elon Musk's social media platform X had its offices in Paris searched early Tuesday morning.  It comes as part of a criminal investigation into its AI tool Grok's production of graphic sexual imagery and antisemitic content. The Paris Public Prosecutor's Office said the search was carried its cybercrime unit, along with the EU's law enforcement agency Europol.  The prosecutor's office has also issued a voluntary summons for Musk and former X CEO Linda Yaccarino.  

 

>>Netflix CEO: Content For All Political Persuasions

(Washington, DC)  --  Netflix co-CEO Ted Sarandos says the streaming giant has no political agenda of any kind.  Sarandos was on Capitol Hill Tuesday to testify  before the Senate Judiciary subcommittee on Antitrust, Competition Policy, and Consumer Rights.  Some lawmakers have been wary of the company's impending 72-billion dollar acquisition of Warner Brothers and HBO, citing concerns over antitrust issues.  Others, like Republican Senator Eric Schmitt of Missouri, are worried that the streamer's content is overwhelmingly "woke" and has content that "promotes a transgender ideology."  Sarandos said that there's plenty of programming on Netflix for people of all political leanings, left, right and center.  Netflix has faced stiff competition from Paramount Skydance over buying Warner Brothers.  Shareholders are expected to vote on the plan as soon as next month.

 

>>Walmart Hits $1 Trillion Market Cap 

(New York, NY)  -- Walmart is the newest member of the trillion-dollar club.  America's largest retailer passed the one-trillion-dollar market cap milestone today as its stock soared on Wall Street. Walmart's shares climbed nearly 25-percent last year and are up more than eleven-percent so far in 2026.  In hitting the benchmark, Walmart joins an exclusive club made up almost entirely of big tech companies.

 

>>Disney Selects Next CEO

(Burbank, CA)  --  Disney has selected its next CEO after a years-long succession saga.  Josh D'Amaro [[ duh-morrow ]] will take over for current CEO Bob Iger effective March 18th.  The 54-year-old D'Amaro has been with the company since 1998 when he got his start at Disneyland.  He is currently the chairman of Disney Experiences, the division that includes the company's theme parks and cruises.  Iger is departing the company after returning in 2022 following the ouster of his previous successor, Bob Chapek.

 

>>Bahama Breeze Restaurant Chain To Go Out Of Business

(New York, NY)  --  A national restaurant chain is going out of business.  Bahama Breeze has 28 locations serving Caribbean food.  Parent company Darden Restaurants says 14 locations from Florida to Michigan will be closing for good on April 5th.  The other 14 locations will be converting to one of their other restaurant brands.  Darden also owns Olive Garden, LongHorn Steakhouse and other chains.

 

>>Coca-Cola Introducing New Cherry Soda

(Atlanta, GA) --  Coca-Cola is coming out with a new cherry-flavored drink.  The beverage giant announced this week that Coca-Cola Cherry Float will be hitting store shelves before the end of the month.  It will essentially be a combination of Coke's cherry and vanilla flavors.  The company said the launch reflects the growing demand for nostalgic flavors reimagined in modern ways.


 

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