Business News

AM Business Notebook 

For: February 23, 2026

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning for the first full day of trading since the Supreme Court ruled against most of President Trump's global tariffs.  Stocks closed higher on Friday with shares of Amazon, which sources the bulk of its products from China, seeing a two-percent jump following the ruling.  At the closing bell, the Dow Jones Industrial Average gained 230 points to 49-625.  The S&P 500 rose 47 points to 69-09.  The Nasdaq climbed 203 points to 22-886.

 

>>Trump Raises Global Tariffs To 15% After Imposing New 10% Duty

(Washington, DC)  --  President Trump says he's hiking his new global tariff to 15 percent the day after announcing a ten percent worldwide duty on imported goods.  In a post on a post on Truth Social over the weekend, Trump said he is taking the action after "a thorough, detailed and complete review" of what he called the "ridiculous" and "extraordinarily anti-American decision" on tariffs issued Friday by the Supreme Court.  The high court ruled the White House was unjustified in issuing sweeping tariffs under the Emergency Economic Powers Act.  Trump said the new tariffs will take effect on February 24th. 

 

>>Fried Rice Sold At Trader Joe's Recalled 

(Washington, DC)  --  A frozen food manufacturer is recalling over three million pounds of chicken fried rice products.  The recalled products were shipped to Trader Joe's locations around the U.S. and to retailers in Canada.  The recall was initiated due to the product possibly containing glass. The recall was reported by the Department of Agriculture on Thursday and involves frozen "not-ready-to-eat: chicken fried rice produced by a Portland, Oregon-based Ajinomoto Foods between September 8th and November 17th.  The items come in 20-ounce packages and contain stir-fried rice, vegetables, chicken and eggs. 

 

>>DHL Would Help With Tariff Refunds

(Westerville, OH)  --  Shipping company DHL says it would play a role in potential refunds after the Supreme Court ruled against most of President Trump's sweeping global tariffs.  The high court ruled 6 to 3 that the Trump administration couldn't use a 1970s law to implement the duties.  In a statement, DHL said they are closely monitoring legal developments regarding the tariffs to ensure their customers are positioned to exercise their full rights under the law.  The company added they would play a technical role in the process, leveraging its customs brokerage technology to track filings to ensure that if refunds are authorized, their clients receive their capital back accurately and efficiently.

 

>>Bitcoin Tumbles  

(Undated)  --  Bitcoin is taking a hit following President Trump's announcement that he plans to raise global tariffs from ten to 15-percent.  The world's largest cryptocurrency fell as much as five-percent in early trading, hovering below 65-thousand dollars as nervous investors sell crypto assets in anticipation of greater market uncertainty.  Bitcoin is down 26-percent so far this year.

 

>>Longest Strike In NYC's History Comes To An End 

(New York, NY)  --  The longest nurses strike in New York City history is now over.  The New York State Nurses Association announced Saturday that over four-thousand nurses in the New York Presbyterian system have ratified new three-year agreements with the hospital, ending the 41-day long strike.  They're expected to report back to work sometime this week.  Nurses at both Mount Sinai and Montefiore have already ratified deals.  

 

>>Nissan Recalls Over 640K Vehicles Over Engine Issues

(Undated)  --  Nissan is recalling over 640-thousand vehicles as part of two separate recalls related to engine and gear issues.  The Japanese automaker is recalling over 320-thousand Nissan Rogue SUVS from model years 2023 to 2025 due to possible bearing failure that could allow hot oil to be discharged and increase the risk of an engine fire and loss f drive power. The National Highway Transportation Safety Administration said the affected vehicles are equipped with a three-cylinder, one-point-five liter variable compression engine.  Nissan dealers will reprogram the engine control software and perform a diagnostic inspection at no costs to owners. 

 

>>Fried Rice Sold At Trader Joe's Recalled 

(Washington, DC)  --  A frozen food manufacturer is recalling over three million pounds of chicken fried rice products.  The recalled products were shipped to Trader Joe's locations around the U.S. and to retailers in Canada.  The recall was initiated due to the product possibly containing glass. The recall was reported by the Department of Agriculture on Thursday and involves frozen "not-ready-to-eat: chicken fried rice produced by a Portland, Oregon-based Ajinomoto [[ ah-jee-no-moh-toh ]] Foods between September 8th and November 17th.  The items come in 20-ounce packages and contain stir-fried rice, vegetables, chicken and eggs. 



 

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