Business News Archives for 2025-09

AM Business Notebook 

For: September 19, 2025

>>Trading Week Winding Down 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher yesterday on Wall Street.  All three major averages closed at record highs a day after the Federal Reserve cut interest rates for the first time in nine months.  At the closing bell, the Dow Jones Industrial Average gained 124 points to 46-142.  The S&P 500 rose by 31 points to 66-31.  The Nasdaq gained 209 points to 22-470.

 

>>Supreme Court To Hear Trump's Tariff Case In November

(Washington, DC)  --  The Supreme Court will hear arguments on the legality of President Trump's tariff plan in November.  The focus will be on Trump using a law meant for times of emergency to impose the duties without the help of Congress.  The high court scheduled oral arguments for November 5th after it agreed to fast track the case.  Two different cases have been taken on by the Supreme Court that cover most of the tariffs including one filed by the Trump administration in response to an Appeals Court ruling late last month that said he had went above his authority. The other case is a challenge made by two companies. The tariffs will stay in place until the court makes a decision.

 

>>Hyundai Investing $2.7B In Georgia Plant

(Ellabell, GA)  --  Hyundai is planning to invest two-point-seven billion dollars into expanding a plant in Georgia.  It's the same site that was recently the target of an immigration raid that picked up 475 workers, including 300 South Korean nationals.  The plan aims to bring production capacity to 500-thousand cars a year while creating three-thousand jobs.

 

>>Starbucks Workers Sue Over Dress Code

(Undated)  --  Starbucks workers are taking legal action against their employer. Class-action lawsuits were filed in Illinois and Colorado on Wednesday, accusing the company of breaking the law by implementing a new dress code without reimbursing employees for the associated expenses. Multiple plaintiffs said they requested reimbursement from Starbucks to conform to the new dress code but were denied. Now the workers are seeking damages on behalf of all Starbucks workers in states were lawsuits were filed as well as those not unionized.

 

>>Tesla To Redesign Door Handles After Reports Of Trapped Passengers

(New York, NY)  --  Tesla is redesigning its door handles after reports of passengers being trapped inside.  The head of design for the electric car company said in a podcast Wednesday that Tesla was looking to combine the manual and electronic release mechanisms in the doors, which are now separate, in order to make it easier to escape the car in a "panic situation."  A recent "Bloomberg" investigation found 140 incidents of people being trapped in Teslas due to problems with the door handles, including instances where passengers died in a crash because rescuers were unable to open the doors.  

 

>>Nvidia Buying $5 Billion Stake In Rival Intel.

(Santa Clara, CA)  --  Nvidia is announcing plans to buy a five-billion-dollar stake in its rival Intel.  The semiconductor company powering the artificial intelligence revolution will also begin a partnership to develop chips together for PCs and data centers.  Nvidia's announcement follows the government's purchase of a ten-percent stake in Intel worth nearly nine-billion-dollars and Japan's SoftBank two-billion-dollar investment.  Both Intel and Nvidia shares have surged.

 

AM Business Notebook 

For: September 18, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed mixed yesterday.  At the closing bell, the Dow Jones Industrial Average gained 260 points to 46-018.  The S&P 500 fell by six points to 66-00.  The Nasdaq dropped by 72 points to 22-261.

 

>>Fed Reserve Lowers Interest Rates

(Washington, DC)  --  The Federal Reserve is cutting interest rates for the first time in nine months.  The Fed cut rates by a quarter-percentage point on Wednesday.  It comes as President Trump has called for the central bank to lower rates for months.   A majority of policy makers have said they want two more rate cuts this year.

 

>>Bank Of America Raises Minimum Wage, Promises To Hire More Veterans

(Charlotte, NC)  --  Bank of America is increasing its minimum wage to 25-dollars an hour while promising to hire ten-thousand military veterans over the next five years.  The bank announced the move Wednesday, noting it was looking for long-term, career minded talent.  In addition to hiring veterans, the company also said it would increase hiring from community colleges.  

 

>>Meta Shows Off Ray-Bans

(Menlo Park, CA)  --  Meta is unveiling their new 800-dollar Ray-Ban Display glasses, the company's first consumer-ready smart glasses with a built-in display.  CEO Mark Zuckerberg showed off the new AI-powered accessory on Wednesday.  The glasses have a display that can be controlled with hand gestures linked through a wristband.  They go on sale September 30th.

 

>>Live Nation CEO Says Concert Tickets Are Underpriced

(Los Angeles, CA)  --  Live Nation's CEO says concert tickets are still underpriced.  Michael Rapino compared the costs of attending a concert or a sporting event while speaking at CNBC Sport and Boardroom's Game Plan conference Tuesday in Los Angeles.  He said the average concert ticket price is 72-dollars and added, "Try going to a Laker game for that."  The latest Bureau of Labor Statistics consumer price index data showed prices for movie, theater and concert tickets jumped three-point-four-percent last month compared to a year ago.  Meanwhile, the cost to go to a sporting event dropped half-of-one-percent from last year.

 

AM Business Notebook 

For: September 17, 2025 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed lower on Wall Street yesterday.  Stocks slipped as investors took profits after the S&P 500 and Nasdaq hit fresh records earlier in the session.  At the closing bell, the Dow Jones Industrial Average lost 125 points to 45-757.  The S&P 500 shed 8 points to 66-06.  The Nasdaq fell 14 points to 22-333.

 

>>Impact Of Predicted Rate Cut 

(Undated)  --  The Federal Reserve is expected to cut interest rates today by at least a quarter -percent.  For many Americans, that could make it a little cheaper to borrow money and get a mortgage, while lowering rates on credit cards.  It would also lower the amount of interest paid on savings accounts.  For the most part however, economists say the biggest effects will be felt by Wall Street traders and large borrowers.

 

>>Retail Sales Up In August 

(Washington, DC)  --  Retail sales rose more than expected in August.  Government figures out this week show sales increased six-tenths percent for the month as consumers spent at a faster clip than experts predicted.  Excluding autos, sales nearly doubled forecasts and came in well ahead of July's pace.  Bars and restaurants led the way with gas station receipts up five-tenths of a percent.  On an annual basis, retail sales were up five percent.     

 

>>Trump Extends TikTok Deadline Ban To December 

(Washington, DC)  --  President Trump is extending the deadline for a TikTok ban.  This comes after Treasury Secretary Scott Bessent said Monday the U.S. and China have reached a "framework" for a permanent deal.  ByteDance, the app's Chinese parent company, had faced a Wednesday deadline to sell the popular video-sharing platform.  President Trump signed an order Tuesday that will allow TikTok to continue service in the U.S. through at least December 16th of this year, and it marks the fourth delayed enforcement of the looming ban.  President Trump is expected to speak with Chinese President Xi Jinping [[ she jeen-peeng ]] about the deal on Friday.

 

>>New ChatGPT Teen-Safety Measures

(San Francisco, CA)  --  OpenAI is announcing new teen safety features for ChatGPT.  Now the AI chatbot will include an age-prediction system and ID age verification in some countries.  OpenAI CEO Sam Altman described the struggles of balancing OpenAI's priorities of freedom and safety in a recent blog post.  He shared that the company was working to build a system that would try to sort users into a version of the software for adolescents 13 to 17, and one for adults 18 and older.  

 

 >>Trump Creates Emergency Board To Investigate Long Island Railroad Labor Dispute 

(Washington, DC)  --  President Trump has created an emergency board to investigate New York's Long Island Railroad dispute.  That's at the request of union leaders who've rejected a three-year contract offer by the Metropolitan Transportation Authority.  Thousands of workers were planning to walk off the job this Thursday but White House involvement pushes off a strike at least until mid-January and possibly until mid-May.  A strike would impact 250-thousand daily riders on the LIRR which is the busiest commuter rail line in the nation.

 

>>Ben & Jerry's Co-Founder Jerry Greenfield Quits Company

(Waterbury, VT)  --  The "Jerry" of Ben & Jerry's ice cream is stepping down.  Co-founder Jerry Greenfield announced yesterday that he is turning in his resignation because he believes the independence promised by their parent company Unilever is now gone.  Greenfield says Ben & Jerry's was always about more than just ice cream, and was a way to spread love and invite others into the fight for equity, justice and a better world.  Ben & Jerry's has been clashing with Unilever since 2021, when the ice cream maker said it would stop sales in the Israeli-occupied West Bank.  Unilever has not yet commented on the resignation.

 

>>Groundbreaking At New Rivian Plant In GA 

(Morgan County, GA)  --  Georgia Governor Brian Kemp is welcoming a new electric vehicle factory in the Peach State.  Yesterday was the groundbreaking for a five-billion-dollar Rivian manufacturing facility east of Atlanta.  The project is supposed to bring 75-hundred jobs to the area.  The plant could potentially build up to 400-thousand electric SUVs a year.


 

AM Business Notebook

For: September 16, 2025

>>Watching Wall Street

(New York, NY) -- The opening bell rings this morning after the trading week got off to a positive start Monday with stocks closing higher on Wall Street. Stocks rose with the S&P 500 and tech-heavy Nasdaq climbing to all-time highs after President Trump said trade talks with China had been going well. Tesla shares jumped seven percent. At the closing bell, the Dow Jones Industrial Average gained 49 points to 45-883. The S&P 500 added 30 points to 66-15. The Nasdaq rose 207 points to 22-348.

 

>>Fed Expected To Cut Rates

(Washington, DC) -- The focus is on the Federal Reserve this week with the central bank widely expected to cut interest rates. The Fed kicks off its two-day meeting in Washington, DC today, with an announcement on a possible cut coming Wednesday. Also happening today, we'll get a look at the import price index for August, along with the latest data on retail sales and the home builder confidence index.

 

>>TikTok Framework Deal Reportedly Reached

(Washington, DC) -- A deal to save TikTok in the U.S. is apparently almost done. Treasury Secretary Scott Bessent confirmed there is a "a framework for a TikTok deal" after trade talks between China and the U.S. took place in Madrid. He added that President Trump and Chinese President Xi Jinping [[ she jeen-peeng ]] will talk Friday to iron out the details. TikTok's China-based owner ByteDance has until Wednesday to sell the popular social media app or have it possibly banned in the U.S.

 

>>Alphabet Reaches $3 Trillion Market Cap

(New York, NY) -- Alphabet is now a member of the ultra-elite three-trillion-dollar club. Shares of the tech giant surged more than four-percent on Monday, joining the ranks of Nvidia, Microsoft and Apple. The three-trillion-dollar milestone comes roughly 20 years after Google shares first went public and a decade after the creation of Alphabet as a holding company.

 

>>Boeing And Spirit AeroSystems Facing Millions In Fines

(Washington, DC) -- The FAA is proposing more than three-million dollars in fines against Boeing and Spirit AeroSystems after hundreds of safety violations were discovered. The violations occurred at the Boeing plant in Renton, Washington and the Spirit AeroSystems plant in Wichita, Kansas. Officials say the violations happened between September of 2023 and February of 2024 on the 737 production lines for both companies. They include concerns related to the January 2024 door plug panel blowout on an Alaska Airlines 737 Max Jet after takeoff.

 

>>Bed Bath & Beyond Buys Kirkland's Home

(Union, NJ) -- Bed Bath & Beyond is buying the Kirkland's Home name from The Brand House Collective. The ten-million-dollar deal announced yesterday will convert existing Kirkland's Home locations into Bed Bath & Beyond stores. The company has been attempting to rebuild after declaring bankruptcy in 2023.

 

>>Ford Moves Its World Headquarters

(Dearborn, MI) -- Ford is moving its headquarters to a new location just down the road. The new two-point-one million square foot building will open in Dearborn, Michigan this fall. According to the automaker, it officially will be called "Ford World Headquarters" with accommodations for some 14-thousand employees on its sprawling campus. Along with high-tech meeting rooms and offices, it will feature six design studios, a huge food hall and a wellness center. It will be more than double the size of Ford's current headquarters -- known as "The Glass House" -- which has be in use for about 70 years. 

AM Business Notebook

For: September 12, 2025

>>Trading Week Winding Down (New York, NY) -- The opening bell rings this morning after stocks closed higher on Wall Street yesterday. At the closing bell, the Dow Jones Industrial Average soared 617 points to close at a record 46-108. The S&P 500 gained 55 points to 65-87. The tech-heavy Nasdaq jumped 157 points to end at 22-043.

 

>>Poor Inflation/Job Numbers Out

(Washington, DC) -- The U.S. was on the receiving end of a one-two punch of bad economic news on Thursday. The Labor Department said inflation ticked up in August to the fastest pace since January, with the consumer price index increasing by zero-point-four-percent last month, following a zero-point-two-percent rise in July. Meanwhile, weekly jobless claims climbed to their highest level in nearly four years. New unemployment claims jumped to 263-thousand last week, the highest since October 2021. We'll get the latest data on consumer sentiment today, while the focus next week will be on Wednesday's announcement from the Federal Reserve on interest rates.

 

>>Vote On Boeing Deal Set For Today

(St. Louis. MO) -- Around three-thousand Boeing employees in the St. Louis area are set to vote today on a tentative deal to end their strike. The five-year contract calls for wages to increase by an average of 45 percent. The International Association of Machinists and Aerospace Workers strike started in early August.

 

>>FTC Looking Into Child AI Safety

(Washington, DC) -- The Federal Trade Commission is looking into seven companies that make AI chatbots aimed at children. The agency wants to see how the companies are evaluating safety and working to limit potential risks and negative impacts on children and teens. The inquiry announced Thursday includes Alphabet, CharacterAI, Instagram, Meta, OpenAI, Snap, and xAI. OpenAI and CharacterAI are currently the target of lawsuits after children committed suicide with alleged chatbot encouragement.

 

>>Mortgage Rates Drop

(McLean, VA) -- Mortgage rates are down this week. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year-fixed mortgage is six-point-25 percent, down from six-point-five-percent last week. It's the biggest weekly drop in a year, but rates are still higher than they were this time last year. Mortgage applications were up more than nine percent last week.

 

>>WSJ: Paramount Skydance Preparing Bid For Warner Bros. Discovery

(Los Angeles, CA) -- Paramount Skydance is reportedly preparing a bid to acquire Warner Bros. Discovery. The Wall Street Journal reports the bid is backed by the Ellison family and will consist mostly of cash. The offer would cover WBD's entire business, including its cable TV channels and film studio. This move follows Warner Bros. Discovery's plan to split into one division for legacy cable and another for streaming and studios. David Ellison, CEO of Skydance and son of tech billionaire Larry Ellison, recently completed a merger with Paramount.

 

AM Business Notebook 

For: September 11, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed mixed on Wall Street yesterday.  At the closing bell, the Dow Jones Industrial Average lost 220 points to 45-490.  The S&P 500 rose by 19 points to close at a record high 65-32.  Also in record territory, the tech-heavy Nasdaq gained six points to end the day at 21-886.

 

>>Wholesale Prices Unexpectedly Fall

(Washington, DC)  --  Inflation dropped last month.  That's according to the producer price index out yesterday, which measures how much it costs to make certain goods, dropped a tenth of a percent, according to numbers out today from the Bureau of Labor Statistics.  Economists had been expecting an increase of three-tenths of a percent, following July numbers that came in much higher than predicted.  Barring another surprise increase in another key inflation report  - the consumer price index - due out today, the numbers make it more likely the Federal Reserve will cut interest rates this month.  

 

>>Weekly Jobless Numbers Due

(Washington, DC)  --  Today brings us the weekly look at first-time unemployment claims.  Most analysts expect to see about 235-thousand initial requests for benefits last week versus 237-thousand the week prior.  The report is scheduled for release at 8:30 am Eastern time.  

 

>>Tentative Agreement Reached In Boeing Machinists' Strike

(St. Louis County, MO)  --  Over three-thousand St. Louis-area Boeing employees on strike could be headed back to work.  The International Association of Machinists and Aerospace Workers has reached a tentative agreement with Boeing to end a strike that started in early August.  Union officials say the five-year deal includes improved wages and restores a signing bonus.  Union members will vote on the contract this Friday. 

 

>>Musk Loses, Regains Title Of World's Richest Person

(Undated)  --  Oracle co-founder Larry Ellison briefly held the title of world's richest person on Wednesday.  Tech billionaire Elon Musk was unseated after Ellison's wealth jumped to 393-billion-dollars following a stunningly strong earnings report from Oracle.  Musk, who reportedly has a net worth of around 385-billion-dollars, first captured the title in 2021 and has largely held on to it for the past few years.  Bloomberg called Ellison's leap in wealth the "biggest one-day increase ever recorded" by the index.  However, Oracle saw a downturn in share price and by the end of the day, Musk was back in the top spot as world's richest person.

 

>>Mamdani Calls For End To Dynamic Pricing In World Cup

(New York, NY)  --  With tickets just starting to go on sale for next year's FIFA World Cup, the front runner in the New York City mayor's race is calling for an end to dynamic pricing.   Zohran Mamdani is launching a petition calling on FIFA to end dynamic pricing which sets ticket prices based on demand from fans.  Eight World Cup matches including the final will be played at MetLife Stadium in New Jersey.   Mamdani is also calling for a cap on resale prices and that FIFA put aside 15 percent of tickets at a discounted rate for local residents.

  

>>Ford Recalling Nearly 1.5 Million Vehicles For Rear View Camera Issue

(Dearborn, MI)  --  Ford Motor Company is recalling nearly one-and-a-half-million vehicles between model years 2015 and 2019 due to the rear view camera showing a blank or distorted image on the display screen when it is in reverse.  The vehicles include the Lincoln Navigator and Lincoln MKC along with the Ford Mustang, Ranger, Transit, Transit Connect, Econoline, Edge, Expedition, F-250 SD, F-350 SD, F-450 SD, and F-550 SD.  The National Highway Traffic Safety Administration says Ford is aware of 18 incidents but no injuries from the camera problem.  It will be fixed for free.


 

AM Business Notebook 

For Wednesday, September 10th, 2025

>>Stocks Close Higher As S&P 500, Nasdaq Hit New Records  

(New York, NY)  --  Wall Street closed higher Tuesday despite concerns about the economy.  All three major averages closed at record highs as investors looked past the big downward revision to U.S. job creation data.  A surge in UnitedHealth shares helped lift the market ahead of two key inflation reports starting with Wednesday's producer price index.  At the closing bell, the Dow Jones Industrial Average gained 196 points to 45-711.  The S&P 500 added 17 points to 65-12.  The Nasdaq rose 80 points to 21-879.

 

>>SCOTUS To Decide If Most Of Trump Tariffs Are Legal

(Washington, DC)  --  The Supreme Court will hear arguments on whether tariffs implemented by President Trump are legal.  The focus will be on Trump using a law meant for times of emergency to impose the duties without the help of Congress.  The high court agreed to take two different cases that cover most of the tariffs including one filed by the Trump administration in response to an Appeals Court ruling late last month that said he had went above his authority.  The other case is a challenge made by two companies. The tariffs will stay in place until the court makes a decision.

 

>>Wholesale Prices Unexpectedly Fall

(Washington, DC)  --  A key inflation measure unexpectedly dropped in August.  The producer price index, which measures how much it costs to make certain goods, dropped a tenth of a percent, according to numbers out today from the Bureau of Labor Statistics.  Economists had been expecting an increase of three-tenths of a percent, following July numbers that came in much higher than predicted.  Stock futures trended upwards with the news. Barring another surprise increase in another inflation report due out tomorrow, the numbers make it more likely the Federal Reserve will cut interest rates this month.

 

>>Job Growth Revised Down By 911,000 Through March

(Washington, DC)  --  Newly revised job growth figures are adding to concerns about the nation's economy.  The Labor Department said today revisions to nonfarm payrolls showed 911-thousand fewer jobs than estimated were created for the year prior to March 2025.  The size of the drop surprised many experts following a weak jobs report for July.  The latest signs of weakness in the labor market will add to the pressure on the Federal Reserve to cut interest rates.

 

>>Federal Judge Blocks Trump Admin From Firing Lisa Cook

(Washington, DC)  --  A federal judge is blocking the Trump administration from firing Federal Reserve Board Governor Lisa Cook.  On Tuesday night the judge ruled Cook can stay in her position while her lawsuit against President Trump plays out.  Cook sued the president last month in an attempt to prevent the administration from firing her from the central bank.  Trump originally said he was firing Cook over allegations of mortgage fraud, which she denies.  This comes as the president pushes for the Fed to cut interest rates.

 

>>Senate Investigating Meta Over Kids And Virtual Reality

(Washington, DC)  --  Congress is investigating charges that Meta buried research about how virtual reality devices and apps harm kids.  The Senate Judiciary Committee is hearing from Meta whistelblowers claiming the tech giant suppressed studies about VR and children.  A lawyer for Meta calls the allegations a "false narrative." The "Washington Post" reports many of the allegations center around research claiming the use of the technology attracts child predators.

 

>>Apple New Products Event Rollout 

(Cupertino, CA) - Apple has announced new iPhones, Apple Watches and AirPods. Apple introduced four new iPhone models, including the newest version called the iPhone 17 Air, and prices for the entry level phone start at 799-dollars. As for the new AirPods Pro Three, the product comes with improved audio quality and noise cancellation while the three new Apple Watch models, called Series 11, include updated low-end SE and high-end Ultra models. Apple's iOS 26 will be available as a free software update as early as next Monday and the latest product releases are set to hit store shelves on September 19th. 

 

>>Cracker Barrel Suspends Remodels

(Lebanon, TN)  --  Cracker Barrel is suspending all remodels of its restaurants.  The popular restaurant chain made the announcement Tuesday.  The decision follows the chain's failed rebrand that saw it revert to its original logo after receiving negative feedback.  Cracker Barrel said it's continuing to listen to customers.  The company told customers that if their restaurant hasn't been remodeled yet then they don't need to worry because it won't be.


 

AM Business Notebook 

For: September 9, 2025

>>Ahead Of The Bell  

(New York, NY)  --  The opening bell rings this morning after stocks closed higher yesterday as Wall Street kicked off a big week of economic data.  The tech-heavy Nasdaq notched a new record as Amazon, Meta Platforms, Microsoft and Nvidia shares all rose.  Investors are now awaiting the release of two key inflation reports -- the producer price index and the consumer price index later in the week -- for insight into the health of the economy.  At the closing bell, the Dow Jones Industrial Average gained 114 points to 45-514.  The S&P 500 added 13 points to 64-95.  The Nasdaq rose 98 points to 21-798.

 

>>What To Watch For At Apple's Big Event 

(Cupertino, CA)  --  Apple is expected to unveil the thinnest iPhone ever at its hardware event happening today.  Along with iPhone-17, Apple is set to release the 17-Pro and 17-Pro Max.  Announcements are also expected on updates for the Apple Watch and AirPods. 

 

>>Postal Shipments To The U.S. Are Down

(Undated)  --  Postal shipments to the U.S. are down 80-percent. Data from the Universal Postal Union noted that 88 shipping providers around the globe have completely or partially suspended shipping to the U.S.  The findings come after President Trump ended the de minimis exemption that made lower-value shipments exempt from tariffs.  While it's likely that many postal services will eventually resume shipments, it's also likely to come at a higher price for customers.

 

>>EchoStar Reaches $17B Deal With SpaceX

(Englewood, CO)  --  EchoStar, the parent company of Dish Network, is selling off a large portion of its wireless spectrum to SpaceX.  The 17-billion-dollar deal will see SpaceX make interest payments on EchoStar's debt through November 2027.  It'll also put in place a long term agreement for EchoStar's Boost Mobile customers to use SpaceX's Starlink direct-to-cell service.  

 

>>Cracker Barrel's Efforts To Prioritize Cost Savings

(Lebanon, TN)  --  Former Cracker Barrel employees are coming forward with claims the restaurant chain directed staff to prioritize "cost savings" and "efficiency" over customer satisfaction.  According to a report from the New York Post, Tennessee-based Cracker Barrel issued the nonpublic directive in February to account for a labor shortage occurring with the company's kitchen staff.  Former kitchen workers told the New York Post cost saving efforts included an end to daily made fresh biscuits and meatloaf, which sparked complaints from customers.  However, sources say the modifications have been scrapped after Cracker Barrel caused outrage over its logo change last month. 

 

>>Workers Less Confident In Finding Another Job

(New York, NY)  --  U.S. workers are increasingly uncertain about being able to move to another job.  In fact, that confidence has hit a record low, according to a survey from the New York Federal Reserve out Monday.  It found 45 percent of workers thought they could get another job, down nearly six points from July and the lowest since the survey started in 2013.  It comes as hiring has slowed across the country.  

 

>>Social Media Tips Cost Taxpayers Millions 

(Undated)  --  Self-described tax experts of social media are costing taxpayers millions in penalties.  According to an IRS news release, the agency has reported more than 160-million-dollars in penalties since 2022.  The IRS is now warning of two schemes in particular that have been circulating recently which promote the misuse of the Fuel Tax Credit as well as the Sick and Family Leave Credit.  Taxpayers who subscribed to social media tips are encouraged to amend their tax returns immediately, respond to IRS letters and hire reputable tax professionals.

 

AM Business Notebook 

For: September 8, 2025 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after a holiday-shortened trading week wrapped up Friday with stocks closing lower.  The August jobs report showed an uptick in the unemployment rate while the economy added just 22-thousand jobs for the month.  All three major averages hit record highs to start the final session of the week before losing ground over job market weakness.  At the closing bell, the Dow Jones Industrial Average dropped 220 points to 45-400.  The S&P 500 fell 20 points to 64-81.  The Nasdaq lost 7 points to 21-700.  

 

>>On The Calendar 

(Undated)  --  Investors this week will be keeping an eye out for the latest data on consumer credit out today.  The National Federation of Independent Business optimism index is out tomorrow, followed by looks at inflation on Wednesday and Thursday with the producer price index and consumer price index.  Thursday also brings weekly jobless claims and things will wrap up Friday with consumer sentiment.  

 

>>Homan: Expect More ICE Workplace Raids

(Washington, DC)  --  President Trump's border czar Tom Homan says Americans can expect more workplace immigration raids like the one at a Georgia Hyundai plant last week.  That's what he told CNN Sunday also saying that hiring illegal workers is a crime and undercuts competition that's paying U.S. citizens.  Homan's comments come after Immigrations and Customs Enforcement agents arrested hundreds of people Thursday at the electric battery plant, most of whom were South Koreans here illegally.  The South Korean government was able to reach a deal with the Trump administration for the release and return of the detained migrant workers.  

 

>>August Jobs Report Shows Decline In Immigrant Workers 

(Washington, DC)  --  The Labor Department's August jobs report showed that immigrant workers have declined in the last year.  Bureau of Labor Statistics data for August showed that in the last year, the number of foreign-born workers has declined by 822-thousand since last August.  In that same period, the number of U.S.-born workers increased by almost three million.  

 

>>Trump Signs EO Offering Tariff Exemptions

(Washington, DC)  --  President Trump is offering tariff exemptions to certain countries who struck trade deals with the U.S.  Trump signed an executive order on Friday that offers exemptions to countries who struck deals on industrial exports such as gold, nickel and other metals, and on chemicals and pharmaceutical compounds. The order says the exemptions cover items that "cannot be grown, mined, or naturally produced" in the U.S., or produced in sufficient volume to meet domestic demand.  The exemptions are set to begin today.  

 

>>FDA Creates 'Green List' Of GLP-1 Drug Ingredients Approved For Entry 

(Washington, DC)  --  The FDA has issued an import alert called a "green list" to stop unapproved and unverified GLP-1 drug ingredients from entering the U.S.  Shortages of FDA-approved GLP-1 drugs, like semaglutide, have left some patients using compounded versions of the drug.  These compounded drugs have raised concerns over dosing errors and adverse reactions that have led to hospitalizations.  The FDA's "green list" includes pharmaceutical ingredients that have been inspected by the agency and considered in compliance with U.S. standards.  

 

>>Salmonella Linked To Home Delivery Meals Sickens People In 10 States

(Atlanta, GA)  --  Federal health officials say a salmonella outbreak linked to certain home delivery meals from Metabolic Meals has sickened over a dozen people and hospitalized seven in ten states.   The meals were made and delivered by the Metabolic Meals company during the week of July 28th.  The CDC said Friday those sickened were in California, Missouri, Georgia, Minnesota, Texas, Arkansas, Illinois, Rhode Island, Wisconsin and Washington state.  Metabolic Meals website says it is a home delivery meal subscription service focused on macro-friendly meals.  The CDC said Metabolic Meals is working with investigators and has reached out to customers directly who purchased the affected meal types to inform them of the outbreak. 

 

>>Mortgage Rates Drop To Lowest Level In Over A Year

(Washington, DC)  --  Mortgage rates dropped to their lowest level in more than a year on Friday.  The average on a 30-year fixed mortgage fell to six-point-29 percent following the release of a weaker-than-expected August jobs report.  According to Mortgage News Daily, the 16 basis point drop is the biggest single-day decline since August 2024.  It's also a major change from May when mortgage rates peaked above seven-percent.

 

>>Apple Plans Tuesday Launch Event 

(Cupertino, CA)  --  Apple has a launch event scheduled on its campus tomorrow.  Analysts expect Apple to release a lineup of new phones as well as new Apple Watch models. 


 

AM Business Notebook 

For: September 5, 2025

>>Trading Week Winding Down 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher yesterday.  At the closing bell, the Dow Jones Industrial Average gained 350 points to 45-621.  The S&P 500 gained 53 points to 65-02.  The Nasdaq rose by 209 points to 21-707.

 

>>Bureau Of Labor Statistics Says 22,000 Jobs Created In August

(Washington, DC)  --  The Labor Department's first jobs report since President Trump fired the agency's stats chief is out and it shows just 22-thousand new jobs added in August.  That's down from the previous month's 73-thousand, which was already seen as a disappointment.  Expectations were for today's number to come in at right around 75-thousand.  Meanwhile, the unemployment rate was little changed at four-point-three percent.

 

>>Trump Signs Deal Lowering Japanese Auto Tariffs

(Washington, DC)  --  President Trump is officially lowering Japanese auto tariffs.  He signed the order Thursday, reducing U.S. tariffs on Japanese vehicles from 27 and a-half percent to 15 percent.  The reduced tariffs had been announced in July.  They'll take effect at the end of this month.

 

>>Trump Administration Drops Cash Payments For Flight Delays

(Washington, DC)  --  The Trump administration is dropping a Biden-era plan that calls for airlines to compensate passengers for flight delays.  Last December, the Department of Transportation sought public comment on a plan to require airlines to pay passengers up to 300 dollars cash for three-hour delays and up to 700 dollars for longer delays.  On Thursday, the DOT said it was dropping the plan "consistent with department and administration priorities."  The department said it was also considering withdrawing a Biden-era rule that requires airlines to disclose service fees alongside airfares.

 

>>Boeing To Hire Permanent Replacement Workers As Strike Continues

(St. Louis, MO)  --  Boeing is hiring permanent replacement workers at St. Louis-area facilities where thousands of union workers are on strike.  The company said Thursday it is moving forward with a contingency plan to ensure Boeing is properly staffed to keep supporting customers.  Over three-thousand members of the International Association of Machinists and Aerospace Workers Union went on strike just over a month ago following failed negotiations on a new contract.  Union President Brian Bryant said following the announcement that the "ball is still in Boeing's court." 

 

>>American Workers Worried About Debt

(Charlotte, NC)  --  American workers are growing increasingly stressed about debt and finances.  That's according to a new Bank of America survey that showed 47 percent of people with jobs felt financially secure, down from 52 percent in January.  Three-quarters of workers are worried about the overall state of the economy.

 

>>"Conjuring: The Last Rites" Expected To Make $50 Million-Plus

(Undated)  --  "The Conjuring: The Last Rites" is expected to scare up millions at the weekend box office.  The fourth installment in the horror franchise is expected to make between 35 and 55-million in its debut.  The film could add to Warner Bros.' current winning streak that has included hits like "A Minecraft Movie," "Sinners," "Superman" and "Weapons."  Elsewhere, a taping of the Broadway hit "Hamilton" will hit big screens this weekend after being available on Disney-plus since 2020.


 

AM Business Notebook 

For: September 4, 2025 

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed mixed yesterday.  The S&P 500 was pushed higher by Google-parent company Alphabet after a federal court ruled it could keep its Chrome browser.  At the closing bell, the Dow Jones Industrial Average lost 24 points to 45-271.  The S&P 500 gained 32 points to 64-48.  The Nasdaq rose by 218 points to 21-497.

 

>>Focus On Employment Today And Tomorrow 

(Undated)  --  ADP releases its employment report this morning with most analysts expecting the private sector added 75-thousand new positions in August versus 104-thousand the month before.  Weekly jobless claims are also due today with just a slight increase forecast.  Things wrap up Friday with the week's most anticipated report - monthly employment stats.  

 

>>Trump To Host Tech CEOs At The White House 

(Washington, DC)  --  President Trump hosts over 20 high-profile tech CEOs for the first event in the newly renovated Rose Garden later today.  Meta founder Mark Zuckerberg, Apple CEO Tim Cook, Microsoft founder Bill Gates and OpenAI founder Sam Altman are all on the invite list.  The event comes as many tech industry leaders have looked to built a stronger relationship with Trump, with companies adjusting their policies to do away with DEI initiatives to align with the administration. 

 

>>Federal Reserve Governor Calls For Lower Rates

(Washington, DC)  --  One of President Trump's potential picks to chair the central bank is calling for interest rate cuts.  During an interview, Christopher Waller raised concerns about how quickly the weakening job market could fall apart if the Fed doesn't cut rates at its upcoming September policy meeting.  Waller, who was appointed to the Fed by Trump during his first term, is among roughly a dozen potential candidates to succeed current Chairman Jerome Powell.  Waller won points with Trump and his top advisers as he has been less concerned about the threat of tariff-driven inflation. 

 

>>House Lawmakers Introduce Stock Trading Ban For Congressional Members 

(Washington, DC)  --  House lawmakers have introduced bipartisan legislation that would ban members of Congress from trading stock.  One of those working to see legislation enacted on the issue is Republican Representative Chip Roy of Texas.  He says it's not even really about politics, rather it's more like "If you want to day trade, leave Congress.  It's that simple."  House Speaker Mike Johnson has signaled support for the idea but says the details still need to be ironed out.

 

>>OpenAI And Meta Adjusting Features For Teens

(Undated)  --  OpenAI and Meta will adjust their chatbot features to better respond to teens in crisis.  According to an OpenAI blog post, the tech company "recently introduced a real-time router that can choose between efficient chat models and reasoning models based on the conversation context."  The new measures come after a 16-year-old in California died by suicide after conversing with OpenAI's ChatGPT.  The teenager's parents are now calling for OpenAI's CEO to "unequivocally say that he believes ChatGPT is safe or immediately pull it from the market." 

 

>>C-SPAN Deal With Hulu And YouTube

(Washington, DC)  --  C-SPAN's channels will join YouTube TV's base package lineup as well as Hulu's Live TV platform this fall. YouTubeTV will also carry the network's coverage of "America 250" celebrations and invest in the optimization of C-SPAN's presence on YouTube. The CEO of the public affairs channel said the company is "excited" to bring its programming to YouTube TV's growing streaming audience. The agreement between the platforms comes as C-SPAN and many other cable channels face declining viewership on linear broadcast television. 

 

>>Claire's Shuttering Stores Amid Bankruptcy

(Hoffman Estates, IL)  --  Tween accessory retailer Claire's is planning to close stores weeks after announcing it was filing for bankruptcy for a second time in a seven-year span.  The company will shutter 235 Claire's and dozens more Icing stores, with locations in California, Illinois, New York and Pennsylvania among the most impacted. 


 

AM Business Notebook 

For: September 3, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed lower yesterday.  At the closing bell, the Dow Jones Industrial Average fell by 249 points to 45-295.  The S&P 500 fell by 44 points to 64-15.  The Nasdaq dropped by 175 points to 21-279.  Coming up today, we'll be keeping an eye out for the latest data on job openings as well as auto sales results.

 

>>Trump's Tariffs Headed To SCOTUS 

(Washington, DC)  --  President Trump says he's going to the Supreme Court after a lower court ruled most of his tariffs are illegal.  Trump said they'll be asking for an expedited hearing with the High Court today.  Trump blamed the recent ruling against him on what he called "crazy liberal judges."  He again insisted the tariffs are needed to create a level playing field with U.S. trading partners.   

 

>>Amazon Cracks Down On Prime Free Shipping Sharing

(Seattle, WA)  --  Amazon is doing away with a program that allows Prime subscription members to share free shipping benefits with people outside their household. Amazon has previously let Prime members share free, two-day shipping with one other adult in their household, even if they use a different address. However, the company began notifying users in recent days that it plans to end the Prime Invitee Program on October 1st in favor of Amazon Family. The Amazon Family program offers member benefits to one other adult, four children and up to four teens who must share the same primary residential address.

 

>>Google Keeping Chrome But No Exclusive Search Deals

(Mountain View, CA)  --  A federal judge is allowing Google to keep its Chrome browser. Tuesday's ruling stems from a landmark case filed in 2020, where the Department of Justice alleged that Google kept its share of the general search market by creating strong barriers to entry and a feedback loop that sustained its dominance. Last year, a district court judge ruled that Google violated the Sherman Act, which outlaws monopolies, and said the company has held an illegal monopoly in its core market of internet search. Now Google will be able to keep Chrome, but the judge has determined that the tech giant will be barred from exclusive contracts and must share search data.

 

>>Chloe Malle Named New American Vogue Editor

(New York, NY)  --  Chloe Malle [[ Mal ]] will "lead the creative and editorial direction" for American Vogue.  The 39-year-old daughter of actress Candice Bergen serves as the editor of Vogue-dot-com and co-host of the magazine's weekly podcast "The Run-Through."  She joins ten existing heads of editorial content around the world and will report to Anna Wintour.  Wintour held the role of editor for American Vogue for nearly 40 years, but she announced in June that she was stepping down from the position and would stay at Condé Nast. 

 

>>Uber Teams Up With Best Buy 

(San Francisco, CA)  --  Uber is teaming up with Best Buy.  The rideshare company announced the partnership on Tuesday which aims to deliver things like headphones, gaming gear, small appliances and more from the electronics chain.  The service will be offered via Uber Eats with over 800 stores participating.  It's the latest collaboration for Best Buy as the retailer has also teamed up with DoorDash and Instacart within the last few years. 

 

>>Kraft Heinz To Split

(Chicago, IL)  --  Kraft Heinz is splitting up.  The two iconic brands were merged a decade ago in a 46-billion-dollar deal to create the third-largest food company in North America.  One of the new companies will handle things like condiments and mac and cheese, while the other, will include things like Oscar Meyer hot dogs and Lunchables.  The company says the split will help simplify operations and hopefully boost profits.  There's no word yet on what the new businesses will be called. 

 

>>McDonald's Bringing Back Extra Value Meals

(Chicago, IL)  --  McDonald's is bringing back Extra Value Meals.  Starting September 8th, for a limited time customers will be able to purchase a Sausage McMuffin meal for five dollars and a Big Mac meal for eight.  Then in November, a number of additional value meals will hit the menu, featuring items like McGriddles and Chicken McNuggets.  Extra Value Meals were first introduced in 1991 but were phased out in 2019.


 

AM Business Notebook 

For: September 2, 2025 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after Wall Street was dark for Labor Day.  Stocks fell on Friday as investors took profits ahead of the long holiday weekend.  Tech shares extended their recent losses as new inflation data weighed on the broader market.  Despite Friday's losses, the three major indexes closed out August with solid gains.  At the closing bell, the Dow Jones Industrial Average lost 92 points to 45-544.  The S&P 500 fell 41 points to 64-60.  The Nasdaq dropped 249 points to 21-455.

 

>>Focus On Monthly Jobs Report This Week

(Undated)  --  The latest data on construction spending will be released today, with auto sales and job openings out Wednesday.  ADP releases its employment report on Thursday and most analysts expect the private sector added 75-thousand new positions in August, compared to 104-thousand the month before.  Weekly jobless claims are due the same day with just a slight increase forecast.  Things wrap up Friday with the week's most anticipated report - monthly employment stats.  

 

>>Navarro: Ending Tariffs Would Be End Of United States

(Washington, DC)  --  A top White House trade adviser is predicting doom and gloom if the Supreme Court were to strike down President Trump's global tariffs.  White House Trade adviser Peter Navarro said Sunday such a move would spell "the end of the United States."  This, after a federal appellate court on Friday ruled the tariffs were illegal.  The administration is appealing to the high court.  

 

>>CA Fines For Oil Companies Postponed 

(Sacramento, CA)  --  California energy regulators have postponed a plan to fine oil companies for high profits until 2030, providing a temporary win for the industry.  This comes after two major oil refineries, accounting for 18 percent of the state's refining capacity, announced closures.  The penalty was part of Governor Gavin Newsom's climate change efforts but hasn't been enforced since its introduction in 2023.  The state is still proposing faster approvals for new oil wells and requiring refineries to maintain minimum fuel supplies when they go offline during maintenance.

 

>>Summer Movie Revenue Disappoints

(Hollywood, CA)  --  It is another disappointing summer for movies.  The box office gross revenue from the first weekend in May through Labor Day came in at three-point-67-billion dollars.  That's down from last year's three-point-68 billion.  This year started out strong with the films "Sinners" and "A Minecraft Movie" but then fell flat.  The L.A. Times suggests movie theaters are still recovering from the pandemic as well as the actors' and writers' strikes two years ago.  The paper also says movie fans are simply streaming at home.  


 

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