Business News

AM Business Notebook

For: August 25, 2026

>>Ahead Of The Bell

(New York, NY) -- The opening bell rings this morning on Wall Street after stocks closed mixed to start the week. Declines in technology stocks pressured markets with Micron, AMD and Broadcom and other chipmakers falling two percent or more. At the closing bell, the Dow Jones Industrial Average gained 140 points to 53-417 The S&P 500 lost 21 points to 76-52. The Nasdaq fell 200 points to 25-980.

 

>>Trump Announces 50% Tariffs On Canadian Autos

(Washington, DC) -- The U.S. and Canada are in the middle of a full-blown trade war. President Trump says tariffs on imports of cars, trucks and auto parts from Canada will increase to 50-percent starting January 1st, 2027, after talks between the two countries broke down. Trump said, "Canada has been ripping off the United States of America for years." He added, "Their ridiculously high tariffs on our farmers and farm products has made life impossible for these great American patriots." Meanwhile, Canada announced retaliatory tariffs on some U.S. goods will start September 8th.

 

>>Texas Cotton Conditions Worsen In One Week

(Statewide, TX) -- Trouble's deepening for Texas cotton, a crop worth about a-billion-and-a-half dollars to the state last year. USDA data released Monday shows 44 percent of the crop is now in poor or very poor shape, worsening five percentage points in just a week. Texas is expected to produce roughly a third of all American cotton this season, giving the local decline national impact. Federal forecasts project statewide production will drop nearly 12 percent from last year, creating fresh economic strain just as growers enter the critical harvest stretch.

 

>>Oura Eyeing IPO

(San Francisco, CA) -- Smart ring maker Oura is looking to raise as much as three-billion-dollars in an upcoming IPO. Bloomberg reports the IPO could be as soon as next month and values the company at 16-billion-dollars. The company reported 500-million-dollars in revenue in 2024, a billion-dollars in 2025 and is expected to reach close to two-billion-dollars this year.

 

>>NA Box Office Breaks August Record

(Los Angeles, CA) -- The North American box office is setting a new all-time August record thanks in large part to Spider-Man. With still a week to go, this month's box office total has already reached one-point-one-billion dollars. That surpasses the previous record of one-point-zero-one-nine-billion dollars set in 2016. "Spider-Man: Brand New Day" accounts for 685-million dollars of this month's box office total. The August box office is now on pace to double last August's total. 

 

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