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AM Business Notebook

For: June 23, 2026

>>Ahead Of The Bell

(New York, NY) -- The opening bell rings this morning on Wall Street after stocks closed mostly lower as tech stocks slid to start the week. Shares of Alphabet, Amazon and Meta Platforms fell on concerns about artificial intelligence. Easing oil prices took some pressure off markets as investors weighed the latest developments in the Iran war negotiations. At the closing bell, the Dow Jones Industrial Average gained 148 points to 51-712. The S&P 500 lost 27 points to 74-72. The Nasdaq dropped 351 points to 26-166.

 

>>Amazon's Prime Day Event Arrives

(Undated) -- Amazon's big Prime Day event starts today. It's one of the biggest shopping events of the year and competition is fierce, especially for the Lightning Deals, or flash sales that are only available for a few hours. Prime Day runs through the 26th.

 

>>Senate Approves Housing Affordability Bill

(Washington, DC) -- The Senate is approving a massive housing affordability bill with the goal of lowering prices. The bill was approved 85-5 on Monday in a rare overwhelmingly bipartisan vote. The bill would cut away some of the red tape and make it easier to build homes, while also put limits on institutional investors buying up houses. It now goes to the House for a vote.

 

>>Report: Advanced AI Will Create New Cyber Threats

(Undated) -- Emerging advanced artificial intelligence has the ability to take hacking to the next level, and defending against it requires action now. That's according to a new assessment from the "Five Eyes," the collective intelligence agencies of the U.S., the U.K., Canada, Australia and New Zealand. The assessment, out Monday, warns that new AI models will exceed industry expectations, fundamentally transforming cyber security. Being prepared can't take years, the report said, but months at most.

 

>>Chevron To Power Data Center With Natural Gas

(Reeves County, TX) -- A giant Microsoft data center in West Texas will be powered with natural gas under a 20-year deal with Chevron. The data center is projected to use as much power as two-million homes, according to today's announcement. Chevron is working with GE and Caterpillar to provide the needed infrastructure by 2028. 

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