Business News

AM Business Notebook 

For: August 6, 2026 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after the Dow Jones Industrial Average hit another record high as stocks closed mixed yesterday on Wall Street.  It comes as Shares of SpaceX have dropped after the company released its first quarterly report since going public.  At the closing bell, the Dow added 263 points to end at 54-349.  The S&P 500 fell 12 points to 77-23.  The Nasdaq dropped 221 points to 26-363.

 

>>Disney Reports Q3 Gains

(Burbank, CA)  --  Disney saw a strong third quarter.  The entertainment giant reported Wednesday that earnings topped expectations, revenue though was slightly under market expectations.  Revenue was up seven percent year-over-year at more than 25-billion-dollars, driven by theme park attendance and the success of Pixar's "Toy Story 5" in theaters.  Revenue was also up for streaming services Disney+ and Hulu.  

 

>>OpenAI Settles With DOJ

(Washington, DC) --  OpenAI is agreeing to a three-point-two-million dollar settlement with the Department of Justice over allegations the company discriminated against U.S. workers in its hiring practices.  The DOJ says the investigation involved fewer than ten positions, but found issues including how some jobs were advertised and how applications were accepted.  Under the agreement, OpenAI will pay one-point-two-million in civil penalties and two-million to compensate workers affected by the alleged practices.  The company denies the findings but says it reached the agreement to resolve the matter and move forward with its immigration-related hiring program.

 

>>Saudi-Led $55 Billion Takeover Of EA Has Closed

(Undated)  --  Electronic Arts is now privately owned after the largest leveraged buyout in history closed this week.  EA had teased the move, saying last week that the 55-billion-dollar buyout had cleared all of the required regulatory hurdles, paving the way for the company and its new owners to wrap things up.  Saudi Arabia's Public Investment Fund now owns over 93 percent of the video game publisher.  Private equity firms Silver Lake and Affinity Partners are also among the new owners, while current CEO Andrew Wilson remains at the helm of the company which is still based in Redwood City, California.  The buyers used 20-billion-dollars in debt financing to secure the deal, which EA will have to pay back over time.  

 

>>Powerball Jackpot Soars

(Undated)  --  The Powerball jackpot is up to 856-million dollars after no one won the grand prize in Wednesday night's drawing.  The next chance to strike it rich comes this Saturday with the cash value option on the massive jackpot coming out to 372-million dollars.

 

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