Business News

AM Business Notebook 

Categories: Business

For: November 9, 2026 

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning after stocks closed mix on Friday, capping a volatile election week.  A rebound in technology stocks trimmed some losses following Thursday's steep selloff.  Investors were also reacting to October's stronger than expected jobs report.  All three major averages posted losses for the week despite the post-election rally.  The Dow Jones Industrial Average fell 237 points to 51-285.  The S&P 500 rose 23 points to 73-76.  The Nasdaq gained 264 points to 24-579.

 

>>Tesla To End Cybertruck Production

(Austin, TX)  --  Tesla will wind down Cybertruck production in 2027 after years of weak sales.  CEO Elon Musk called it "the best vehicle Tesla has ever made" in a post on X, saluting the "end of an era."   According to Kelley Blue Book, the company only sold just over 20-thousand Cybertrucks in the US last year, down 48 percent from 2024.  Musk had predicted annual sales of 250-thousand units.  The wind down comes as Tesla pivots towards Cybercab model production, the central vehicle in the automaker's robotaxi ambitions.

 

>>NASA Unveils $10B Moon Base Contracts 

(Washington, DC)  --  NASA is unveiling up to ten-billion dollars in lunar delivery contracts.  The space agency said this weekend that SpaceX, Blue Origin and six other aerospace companies are eligible to compete for the opportunity.  Saturday's announcement comes as the agency moves along plans to establish a permanent base on the moon.  It  expands NASA's commercial lunar program, bringing together private companies to deliver equipment, technology and infrastructure to the moon's south pole.  The agency ultimately hopes to use its lunar operations as a foundation for crewed missions to mars. 

 

>>Amazon Rolls Out Text-Based Shopping Through Alexa

(Seattle, WA)  --  Amazon says U.S. customers will be able to use Alexa for shopping, to search for products and make purchases through text messages.  On Friday Amazon announced the new text feature lets users research and compare products, track deals and price drops and have Alexa complete purchases on their behalf.  The feature is rolling out to a small group of invited U.S. customers ahead of a wider launch in the coming weeks.  The launch follows Amazon's recent move to block Meta's AI shopping agent, Muse, from accessing its marketplace, saying the tool appeared to access its online store without authorization and saved customer information.

 

>>Fox Closes Deal To Acquire Roku

(New York, NY)  --  The Fox Corporation has closed its 22-billion-dollar buyout of streaming platform Roku ahead of schedule.  Fox is looking to dramatically beef up its streaming footprint, as part of renewed efforts to "relentlessly serve audiences and partners."  The mass media company pledged to preserve Roku "as a leading open ecosystem," meaning it won't push Fox News or Fox One onto consumers using the platform.  Layoffs are expected to be announced.

 

>>Millions Of Ladders Recalled Nationally

(Washington, DC)  --  The Consumer Product Safety Commission is recalling nearly four million Little Giant ladders after receiving dozens of reports of injuries, including head trauma and skull fractures.  The ladders have a mechanism called "Rapid Locks" that are designed to be inserted into the ladders' rungs to help adjust the height.  Little Giant said the Rapid Locks can fail to become fully engaged, causing the ladders to retract and posing a potential fall hazard to consumers.  The company has received 25 reports of the ladders retracting, 19 of which resulted in injury.  Those incidents resulted in three reports of head injuries, which the recall states include traumatic brain injury, skull fractures, concussions, vision loss and cognitive impairment.


 

On Air Now

Larry O'Connor
Larry O'Connor
3:00am - 5:00am
Larry O'Connor

FlashAlert

KBND ON FACEBOOK

Duck Insider

News Disclaimers