Business News

AM Business Notebook 

Category: Business

For: October 6, 2026

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher Monday to start off the trading week.  The rise was led by a rally in tech shares as the Nasdaq hit a new record despite rising Treasury yields.  At the closing bell, the Dow Jones Industrial Average gained 90 points to 51-267.  The S&P 500 rose 51 points to 77-73.  The Nasdaq climbed 286 points to 27-477. 

 

>>President Trump Signs EO To Help Reduce Diesel Prices 

(Washington, DC)  --  President Trump has signed an executive order to help immediately reduce diesel prices.  It allows access to "tax-free red-dyed diesel for any reason" until the end of this year.  Red-dyed and regular diesel are the same quality but the red-dyed variety is for off-road uses only, like tractors.  The move comes as diesel prices hover around six dollars and 32 cents a gallon, according to Triple-A.  That's up a couple cents from yesterday, but down from last week's high of six-45.  

 

>>Elon Musk Recaptures Trillionaire Status   

(Starbase, TX)  --  SpaceX's stock shot up eight-percent on Monday making CEO and founder Elon Musk a trillionaire again.  The jump comes as SpaceX has been benefiting from AI infrastructure and other related agreements, Starship and "neocloud" government contracts. 

 

>>Musk Rebranding SpaceXAI To SpaceXSI

(Starbase, TX)  --  Elon Musk says he's renaming the AI division of SpaceX.  In a post on X, Musk said SpaceXAI will become SpaceXSI.  This comes after President Trump signed an executive order calling on the federal government to refer to artificial intelligence as super intelligence instead.  Musk said, "No more AI. SI, it's better."  Trump has said super intelligence better fits the technology.

 

>>Housing Costs Force People To Cut Spending

(Undated)  --  Housing costs are forcing people around the world to cut back on basic necessities, according to a new report from Habitat for Humanity International.  The survey of 30-thousand people across 22 countries found 75 percent cut at least one expense in the past year to afford housing.  One-third spent less on food, while 32 percent dipped into savings and 13 percent delayed or avoided medical care.  Nearly half said one unexpected financial problem could put their housing at risk, while 40 percent said they accept unsafe housing because safer options are too expensive.  Habitat for Humanity says affordable, reliable housing is critical to financial stability, health and overall well-being.

 

>>Apple Says Some iPhone 18 Need Replacement

(Undated)  --  If you recently bought an iPhone 18 Pro Max, you may want to hold on to the box.  Forbes reports some devices are experiencing connectivity problems on AT&T, which can cause users to lose cellular service.  Apple says some affected phones may need to be replaced, while AT&T is contacting customers who may need a software update.  If your phone is working normally, Apple recommends installing the latest software to help prevent issues.  If you do lose service, Apple advises contacting your wireless provider first, followed by Apple Support.


 

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