Business News

AM Business Notebook 

For: February 6, 2026

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed lower yesterday.  It comes as shares of Alphabet dropped after the company projected an increase in artificial intelligence spending.  Shares of Broadcom have seen a jump in response.  Elsewhere, new data from the Bureau of Labor Statistics shows job openings are dropping to 2020 market levels.  The Labor Department reported that vacancies fell from six-point-nine million in November to six-point-five million in December, which is the fewest since September 2020.  At the closing bell, the Dow Jones Industrial Average dropped 592 points to 48-908.  The S&P 500 fell 84 points to 67-98.  The Nasdaq lost 363 points to 22-540.

 

>>Jobs Report Delayed

(Washington, DC)  --  The January jobs report is being delayed because of the partial government shutdown that ended earlier this week.  The Bureau of Labor Statistics says the report, originally scheduled for release today, will now come out on Wednesday.  

 

>>January Layoffs Were Highest Since 2009

(Chicago, IL)  --  A major employment firm says layoffs across the U.S. last month were the highest for January since 2009.  U.S. employers announced over 108-thousand layoffs for the month, up over 200 percent from December.  Employment firm Challenger, Gray & Christmas says at the same time, companies announced just over 53-hundred new hires in January, which was also the lowest for the month since 2009.  Major companies including Amazon, UPS and Dow have all recently announced substantial job cuts.  

 

>>Toyota Announces Leadership Shakeup, CEO Steps Down   

(Undated)  --  Toyota CEO Koji Sato is stepping down.  The Japanese automaker made the announcement as it released third-quarter earnings earlier today.  Chief financial officer Kenta Kon will take over as CEO.

 

>>Bitcoin Bites The Dust 

(Undated)  --  Bitcoin has been having a rough week.  The cryptocurrency hit a 15-month low on Thursday with prices hovering just above 60-thousand dollars.  It's fallen nearly 30-percent this week alone.  

 

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