Business News Archives for 2025-10

AM Business Notebook

For: October 31, 2025 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed lower yesterday on Wall Street.  At the closing bell, the Dow Jones Industrial Average fell by 109 points to 47-522.  The S&P 500 lost 68 points to 68-22.  The Nasdaq dropped 377 points to 23-851. 

 

>>Major Airlines Call For End To Shutdown

(Washington, DC)  --  Major airlines are calling on Congress to end the shutdown and pay air traffic controllers.  The federal government shutdown is now in its 31st day, and U.S. air traffic controllers did not get their paycheck this week.  On Thursday, Delta said in a statement that missed paychecks only increase the stress on "essential workers, many of whom are already working mandatory overtime to keep our skies safe and secure."  Now Delta, United, American and Southwest airlines are all urging the U.S. Senate to "immediately pass a clean continuing resolution" that would pay federal employees.  

 

>>YouTube TV Pulls Disney Program As Deal Expires

(San Bruno, CA)  --  YouTube TV has stopped showing ABC and ESPN after the streamer failed to reach a deal with Disney.  The two networks and other Disney programming were pulled from YouTube late Thursday, just before the current deal expired at midnight.  "Variety" says the two sides remain far apart on a deal to keep Disney shows on the internet TV service.  The report says Disney is asking for rate hikes that Google, YouTube's parent company, isn't willing to agree to, and that YouTube is offering subscribers a one-time 20-dollar credit if the Disney channels remain blocked for an extended period of time. 

 

>>Bessent Says TikTok Deal Finalized

(Undated)  --  The U.S. and China are finalizing an agreement on a TikTok deal to keep the app available. According to Treasury Secretary Scott Bessent, officials finalized the deal while meeting in Malaysia, and Bessent expects to finally see the resolution in the "coming weeks and months." The deal seeks to limit the role of TikTok's China-based parent company, ByteDance, to comply with a 2024 law requiring the firm to divest from the platform or face a ban in the U.S. Under the agreement, President Trump and Chinese President Xi Jinping approved of TikTok spinning off into a separate U.S. entity, with the majority stake owned by American investors such as Oracle and Silver Lake.   

 

>>Financial Impact Of Boeing Strike Largely Unseen 

(St. Louis, MO)  --  Boeing's defense unit posted positive margins for the third quarter in a row this week despite an ongoing strike by thousands of workers at three facilities in the St. Louis area.  The strike has been going on for almost three months and has delayed delivery of fighter jets and other programs. 

 

>>Alabama State University Receives Biggest Donation To Date

(Montgomery, AL)  --  Alabama State University has received its biggest ever donation.  MacKenzie Scott has donated 38-million dollars to the college.  Scott is a philanthropist and the ex-wife of billionaire Amazon founder Jeff Bezos.  University President Dr. Quinton T. Ross Jr. called the donation a "defining moment in the history of Alabama State University."  The donation comes after Scott donated multi-million-dollar sums to two universities in Maryland earlier this month.

 

AM Business Notebook 

For: October 30, 2025

>>Watching Wall Street  

(New York, NY)  --  The opening bell rings this morning after stocks closed mixed yesterday on Wall Street.  That followed the Federal Reserve's announcement that it was lowering interest rates by a quarter percentage point.  However, Federal Reserve Chair Jerome Powell indicated that another interest rate cut is not likely this year.  Elsewhere, the Nasdaq closed at a record high.  At the closing bell, the Dow Jones Industrial Average dropped 74-points to 47-632.  The S&P 500 lost less than a point to 68-90.  The Nasdaq gained 130 points to 23-958. 

 

>>Trump Says He's Reached Deal With China

(Undated)  --  President Trump says he's reached a one-year-deal with China on critical rare earth minerals and some tariffs.  Trump announced the deal after meeting with Chinese President Xi Jinping [[ she jeen-peeng ]] in South Korea.  The deal would see fentanyl-linked tariffs on China lowered by ten percent, cutting tariffs on Chinese exports cut from 57 percent to 47 percent.  Trump also announced that China will start buying American soybeans again and said he plans to visit there next year.

 

>>Nvidia Becomes World's First $5 Trillion Company

(Santa Clara, CA)  --  Nvidia is now the world's first five-trillion-dollar company.  The tech company reached the historic mark as Wall Street opened on Wednesday.  It comes just three months after it passed the four-trillion-dollar mark.  Nvidia's value has been boosted by the demand for its AI chips.  Its stock has risen about 50-percent so far this year.

 

>>Alphabet, Meta Report Sales Rise

(New York, NY)  --  Tech giants Alphabet and Meta are both seeing a big rise in sales.  Alphabet beat Wall Street expectations in the third quarter, reporting revenue of over 102-billion dollars.  That includes over ten-billion dollars in YouTube advertising revenue and over 15-billion dollars in Google Cloud revenue.  Meta, meanwhile, says its third-quarter sales rose 26 percent year-over-year, which is its highest revenue growth since the first quarter of 2024.  However, the Facebook parent company says shares dropped nine-percent on Wednesday after President Trump's massive spending bill resulted in a one-time tax charge of nearly 16-billion dollars.  

 

>>Members Of House Armed Services Committee Urge Boeing To End Strike

(St. Louis County, MO)  --  Members of the U.S. House Armed Services Committee are urging Boeing to offer striking employees a fair contract so they can get back to work.  A letter sent to the aerospace giant this week said the workers are essential to the success of the company and vital to U.S. national security.  The more than 32-hundred workers on strike in the St. Louis area are responsible for the production of fighter jets, with the U.S. Air Force acknowledging the work stoppage is causing delays.  They've been on strike since early August.  The letter was signed by 17 of the 61 House members on the committee. 

 

>>Eli Lilly, Walmart To Sell Zepbound

(Bentonville, AR)  --  Eli Lilly and Walmart are working to increase access to the weight loss drug Zepbound.  The partnership announced Wednesday will let customers buy the drug directly at retail locations for the first time.  Next month, customers with a prescription and paying cash can get single dose vials of the drug over the counter or through home delivery.  It will cost about 350-dollars a month for a single-dose vial.  

 

>>AOL To Be Acquired By Italy's Bending Spoons

(Milan, Italy) --  An Italian tech company is acquiring AOL in an acquisition set to close by the end of the year.  According to reports from Axios, Bending Spoons is buying AOL from private-equity firm Apollo Global Management for one-point-five-billion-dollars, but terms of the deal were not disclosed.  Bending Spoons says AOL currently has about eight-million daily active users and 30 million monthly active users for its news, content and games web portal and email services.  Bending Spoons also announced a deal set to close in the fourth quarter of 2025 to acquire Vimeo for one-point-38-billion in cash.  

 

>>Chipotle Stocks Plunge On Weak Earnings Forecast

(New York, NY)  --  Chipotle stock is plummeting after the restaurant chain lowered its sales forecast for the third straight quarter.  Shares of Chipotle Mexican Grill fell 13 percent on Wednesday.  CEO Scott Boatwright is blaming the shrinking sales on "consistent macroeconomic pressures."  He said the company's consumer base is pulling back their spending, and dining less often due to concerns about inflation, particularly customers between the ages of 25 and 35.  

 

AM Business Notebook 

For: October 29, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks notched record highs yesterday on Wall Street.  Tech stocks helped power the market's gains.  Nvidia shares climbed five percent after announcing it will take a one-billion-dollar stake in Nokia.  At the closing bell, the Dow Jones Industrial Average gained 161 points to 47-706.  The S&P 500 added 15 points to 68-90.  The Nasdaq rose 190 points to 23-827. 

 

>>Fed Expected To Cut Rates 

(Washington, DC)  --  The Federal Reserve is widely expected to cut interest rates today, following a string of poor labor market reports, coupled with news that inflation has slowed.  The Fed is expected to approve a second consecutive quarter percentage point for 2025.  A cut from the central bank will have a trickle-down effect on consumers, lowering mortgage, credit card and auto loan interest rates.  

 

>>Federal Judge Indefinitely Blocks Trump Shutdown Layoffs

(San Francisco, CA)  --  A federal judge is indefinitely blocking the Trump administration's efforts to lay off thousands of federal employees. The San Francisco-based judge and Clinton-appointee has sided with government employee unions seeking to prevent the administration from carrying out reductions in force as the lawsuit moves forward. The preliminary injunction will extend a previous order to temporarily stop the layoffs, ultimately impacting more than four-thousand workers. The judge has previously said she believes the RIFs will be deemed illegal and an overstep of executive authority. 

 

>>Musk Launches Grokipedia As A Wikipedia Alternative

(Undated)  --  Elon Musk is announcing the launch of an alternative to Wikipedia. The tech billionaire launched Grokipedia on Monday and it is backed by xAI but still uses Wikipedia as a source on most subjects. Musk has previously teased the development as a "massive improvement over Wikipedia," which he has taken aim at in the past, calling it "Wokipedia." A spokesperson for the Wikimedia Foundation issued a statement explaining that "Wikipedia's knowledge is and always will be human, and noted that the "human-created knowledge is what AI companies rely on to generate content; even Grokipedia needs Wikipedia to exist." 

 

>>PayPal Teams Up With OpenAI

(San Jose, CA)  --   PayPal is teaming with OpenAI.  The company announced Tuesday that it will allow users to make purchases through ChatGPT starting next year. It will also allow merchants to use the same platform.  The move makes PayPal the first digital wallet in ChatGPT. It also comes as OpenAI has been dipping its toes into e-commerce, with recent partnerships with Shopify, Etsy and Walmart. 

 

>>UPS Cutting Another 14,000 Jobs

(Sandy Springs, GA)  --  UPS says it has cut 34-thousand jobs to date, with an additional 14-thousand cuts coming by year's end.  The company says most of those layoffs are in management.  The announcement on Tuesday comes after the shipping giant reported third-quarter earnings that surpassed Wall Street's expectations.  Additionally, it's closed daily operations at 93 buildings and is looking to shut down more.  As of last month, UPS has achieved approximately two-point-two-billion-dollars in cost savings and expects to reach a total of three-point-five-billion-dollars in savings for the year.

 

>>Google Chrome To Make Secure Connections A Default Setting

(Mountain View, CA)  --  Google Chrome says it will start making secure connections one of its default settings next year.  Chrome currently has the optional feature to "Always Use Secure Connections" when browsing.  On Tuesday, Google said the optional feature will become part of the browser's default setting as a part of Chrome 154 that's due in October of 2026.  Google says Chrome 154 will attempt to load every website over an encrypted connection, and will warn users if a site doesn't support it.  
 

AM Business Notebook 

For: October 28, 2025 

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher yesterday, reaching record highs on hopes of a U.S.-China trade deal.  Stocks jumped with the tech sector leading the way after President Trump said he expects to clinch a trade deal with China President Xi Jinping [[ she jeen-peeng ]] this week.  Nvidia, Broadcom, Tesla and Apple all rose more than two percent.  At the closing bell, the Dow Jones Industrial Average gained 337 points to 47-544.  The S&P 500 rose 83 points to 68-75.  The Nasdaq climbed 432 points to 23-637. 

 

>>Shutdown Continues 

(Washington, DC)  --  The Senate went without a vote Monday as the government shutdown rolls on without a clear path to an end in sight.  Funding for food assistance is set to run out on Saturday, affecting over 40-million Americans.  Senate Democrats are pressing Republicans to take up the issue of Affordable Care Act subsidies, which are scheduled to expire at the end of the year, a move that could double average out-of-pocket premium costs.  Republicans, however, insist that the government must reopen before any negotiations take place.  Over 700-thousand federal employees remain furloughed, while essential workers continue to report for duty without pay.  Monday saw almost seven-thousand flight delays as air traffic control towers deal with staffing issues during the shutdown.

 

>>Fed Expected To Cut Rates This Week

(Washington, DC)  --  The Federal Reserve is widely expected to cut interest rates this week.  The Fed kicks off its two-day meeting in Washington, DC today with an announcement on a possible cut coming Wednesday. The group has indicated it will announce a cut, following a string of poor labor market reports, coupled with news that inflation has slowed.  The Fed's cut has a trickle-down effect on consumers, lowering mortgage, credit card and auto loan interest rates.

 

>>Amazon, Paramount Announce Layoffs

(Seattle, WA)  --  Amazon is expected to start laying off as many as 30-thousand corporate workers starting today.  The jobs represent nearly ten-percent of the company's corporate workforce.  Amazon CEO Andy Jassy said over the summer that using artificial intelligence would let the company operate with fewer human employees.  Paramount also announced around a thousand layoffs to take effect Wednesday with another thousand at some time in the near future.

 

>>Striking Union Members Make Counteroffer To Boeing 

(St. Louis, MO)  --  The International Association of Machinists and Aerospace Workers is making a counteroffer to Boeing after striking members in the St. Louis area rejected its latest contract.  The union's offer would shorten the contract from five years to four and more than double the ratification bonus, but also drops their demand of an eight-percent 401-K match.  The proposal comes after a vote on Boeing's latest offer last Sunday that the company claims failed by one-percent.  Over 32-hundred workers have been on strike since early August. 

 

>>Cinemark To Add 70mm IMAX Screens In 2026

(Plano, TX)  --  Cinemark and IMAX are teaming up to open more rare 70 milimeter screens next year.  This comes ahead of Christopher Nolan's highly anticipated "The Odyssey" hitting theaters in July.  Nolan's preferred format is IMAX 70 millimeter, with the first showings of "The Odyssey" in the rare format already sold out.  The new theaters will be located in the Chicago suburb of Woodridge, Colorado Springs and Rochester, New York.  There are currently just 30 IMAX 70 millimeter theaters in the world.

 

AM Business Notebook

For: October 27, 2025

>>Ahead Of The Bell

(New York, NY) -- The opening bell rings this morning after Wall Street closed out the week in record territory on the latest inflation data. Stocks surged after a softer-than-expected consumer price index reading. All three major indexes posted new closing records to cap a winning week. At the closing bell, the Dow Jones Industrial Average gained 472 points to 47-207. The S&P 500 added 53 points to 67-91. The Nasdaq rose 263 points to 23-204.

 

>>What To Watch For This Week

(Undated) -- Coming up in the business week ahead, the government shutdown continues, which means we'll be missing some key economic reports previously scheduled for release. The main focus of the week will be the upcoming meeting of the Federal Open Market Committee. The Fed announces its decision on interest rates on Wednesday, with Chairman Jerome Powell delivering remarks immediately following. Most analysts see the central bank lowering its benchmark interest rate by a quarter point.

 

>>U.S. Envoy Says China Trade Talks Closer To An Agreement

(Kuala Lumpur) -- Top U.S. officials say trade talks with China are getting closer to an agreement. U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent met with China's Vice Premier on the sidelines of the ASEAN Summit in Malaysia on Sunday. Greer said, "I think we're moving forward to the final details" of an agreement that President Trump and Chinese leader Xi Jinping [[ she jeen-peeng ]] can review together. Trump said earlier on Air Force One that he believes the two nations will reach a "comprehensive deal" that will put an end to the U.S.- China trade war.

 

>>Bessent: Final Deal Reached On TikTok

(Undated) -- Treasury Secretary Scott Bessent says the TikTok deal is set to be finalized when President Trump and Chinese President Xi Jinping meet this week. Bessent made the statement during an appearance on CBS' Face the Nation, saying that all the details are ironed out, and that it'll be for the two leaders to consummate the transaction. This comes after President Trump signed an executive order last month to approve a deal that allows a Chinese company to sell the social media platform to a group of American investors.

 

>>Workers Reject Boeing's Latest Offer

(St. Louis, MO) -- Striking workers at three Boeing facilities in the St. Louis area have rejected the company's latest contract proposal. The strike has been going on for almost three months and has delayed delivery of fighter jets and other programs. With this latest effort, union leadership said the company failed to address the needs of the roughly 32-hundred members of the International Association of Machinists and Aerospace Workers District 837.

 

>>Penny Shortages Already Hitting Some Retailers

(Undated) -- A penny shortage is affecting retailers nationwide. The Treasury Department halted penny production in May and the U.S. Mint cranked out its last batch of pennies in August. Now, a growing number of convenience stores and major chains are reporting issues. Take Kroger for example, the grocery chain has started asking shoppers paying in cash to do so with exact change. The American Banking Association says about 250 billion pennies are still in circulation, but notes some "localized supply issues." 

AM Business Notebook 

For Friday, October 24th, 2025

>>Stocks Close Higher

(New York, NY)  --  Wall Street closed Thursday with stocks higher.  It comes as President Trump is set to meet with Chinese President Xi Jinping [[ she jeen-peeng ]] next week in South Korea as trade tensions remain between the two nations.  Elsewhere, Tesla saw shares recover after it reported mixed third-quarter results.  At the closing bell, the Dow Jones Industrial Average gained 144-points to 46-734.  The S&P 500 rose by 39 points to 67-38.  The Nasdaq gained 201 points to 22-941. 

 

>>Annual Inflation At 3%

(Washington, DC)  -- The annual inflation rate hit three percent in September, according to numbers from the Bureau of Labor Statistics out this morning.  The consumer price index, the cost of a variety of goods and services, is the only official economic data released during the ongoing government shutdown.  That was an increase of three-tenths of a percent for the month, slightly less than what economists were predicting.  

 

>>Striking Boeing Workers To Vote On Latest Contract Offer

(St. Louis, MO)  --  Boeing's latest contract offer to thousands of striking workers in the St. Louis area will be put up for a vote.  The International Association of Machinists and Aerospace Workers says members will vote on the contract this Sunday after the company made changes to the offer it presented earlier this week.  However, the bargaining committee will not make a recommendation on how members should vote.  Over 32-hundred Boeing employees have been on strike since early August.

 

>>Target Cuts 1800 Corporate Jobs

(Minneapolis, MN)  --  Target is cutting 18-hundred corporate jobs in its first major layoffs in ten years.  The announcement was sent to employees in a memo Thursday from Target's new CEO Michael Fiddelke, who said the layoffs represent roughly eight percent of its corporate workforce.  A company spokesman said 800 of those positions will no longer be filled, and the affected employees will be notified Tuesday.

 

>>Meta To Cut 600 Jobs From AI Division

(Menlo Park, CA)  --  Meta is cutting 600 jobs from its superintelligence lab, but they say it's more of a reorganization.  Axios reports that Meta's chief AI officer Alexandr Wang broke the news on Wednesday in a company memo.  The company claims that most people hit by the cuts will be able to find news jobs inside Meta.

 

>>Report: Austin Is Nation's Leading Homebuyers' Market

(Austin, TX)  --  Austin, Texas had the strongest homebuyers' market in the nation in September.  That's according to a new report from the online brokerage firm Redfin.  Redfin's figures show Austin's home sales market had more than twice as many sellers as buyers, making it the widest gap in the nation.

 

>>Broadway Strike Averted After Musicians Reach Deal 

(New York, NY)  --  A strike that would have shut down many Broadway musicals has been averted.  The Broadway League and union representing musicians have reached a tentative contract deal.  The two sides just hammered out an agreement with musicians threatening to walk off the job.  The deal includes wage increases and contribution increases to musician's health funds.  Union President Bob Suttmann released a statement saying in part, "This three-year agreement provides meaningful wage and health benefit increases that will preserve crucial access to healthcare."  Broadway would have shut 23 musicals had there been a strike. 

 

>>Tinder To Require Facial Recognition

(West Hollywood, CA)  --  You're going to have to get your face scanned if you want to use one of the biggest dating apps on the planet.  Tinder is announcing a first-of-its-kind facial verification feature that helps confirm users are real and match their profile photos.  Match Group, which owns Tinder, says the policy will apply to all new users in the U.S.  Research shows safety and privacy issues contributed to a recent seven-percent drop in paying users on Tinder.


 

AM Business Notebook 

For: October 23, 2025 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed lower on Wall Street Wednesday amid investor concerns about a potential trade war with China.  At the closing bell, the Dow Jones Industrial Average fell by 334 points to 46-590.  The S&P 500 dropped by 35 points to 66-99.  The Nasdaq lost 213 points to 22-740.

 

>>Walmart Pauses Hiring Candidates Who Need H-1B Visa

(Bentonville, AR)  --  Walmart is putting a pause on hiring employees who require H-1B visas.  The H-1B program allows employers to hire highly skilled non-U.S. citizens, however, President Trump signed an executive order in September requiring a 100-thousand-dollar fee for applications.  Walmart is the largest private-sector employer in the U.S. and currently employs more than two-thousand H-1B visa holders.  

 

>>ADP No Longer Sharing Payroll Data With Federal Reserve

(Roseland, NJ)  --  Payroll services giant ADP is no longer providing the Federal Reserve with private weekly jobs data.  The company reportedly stopped sharing the info back before the current government shutdown, sometime after an August 28th speech from Federal Reserve Governor Christopher Waller.  Waller publicly acknowledged the role ADP played in providing data, a fact that was already known.  But the company said it is actively working with the Fed to make sure the information is shares is in line with its "rigorous standards."

 

>>Musk Says Tesla Robotaxis Will Be Unsupervised By Year's End

(Austin, TX)  --  Elon Musk says his Tesla robotaxis will be unsupervised by the end of the year.  The CEO made the claim on an earnings conference call Wednesday, and said the self-driving taxis will expand to up to ten metropolitan areas by the end of the year and that safety drivers will be removed in two months in Austin, Texas.  Some of the new markets include Florida, Arizona and Nevada.  The call ended with Tesla stock being down more than three percent.  

 

>>Broadway Theaters Could Go Dark

(New York, NY) --  Nearly all of Broadway may turn off the lights today.  The union representing some 12-hundred Broadway musicians had said those musicians would walk off the job this morning without a new contract, which had not been agreed upon as of late Wednesday.  The musicians want better pay, better health care benefits and job security.  A federal mediator was brought in Wednesday to try and help broker a deal between the union and the Broadway League but appears to have not been able to settle the issues so far.  A strike that shuts down most Broadway theaters would likely cost the city nearly nine-million dollars a day in lost revenue.

 

>>Latest Talks Between Boeing, Union End Without Vote

(St. Louis, MO)  --  The Boeing strike in the St. Louis area will continue after the latest round of talks ended without a deal.  Boeing says it presented an improved contract to the International Association of Machinists and Aerospace Workers after two days of negotiations, but union leadership rejected the offer without a vote.  Union officials said the latest offer had "no meaningful improvements" in the areas members have said they care about.  Over three-thousand Boeing employees have been on strike since early August. 

 

>>Amazon Prime To Stream NFL Black Friday Game For Free

(Seattle, WA)  --  Amazon Prime Video will make its NFL Black Friday game available to stream for free worldwide.  The game between the Chicago Bears and Philadelphia Eagles will mark the first time a NFL game on Prime Video is available to stream to non-subscribers.  The game will be followed by a NBA doubleheader, which will also be available to stream for free.  This will be the third-straight year Prime Video streams a NFL game the day after Thanksgiving.


 

AM Business Notebook 

For: October 22, 2025 

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning after stocks closed mixed yesterday with the Dow Jones Industrial Average notching a new record high.  Strong earnings from General Motors, Coca-Cola and 3M helped boost market sentiment.  At the closing bell, the Dow Jones Industrial Average gained 218 points to 46-924.  The S&P 500 rose a fraction of a point to 67-35.  The Nasdaq lost 36 points to 22-953.

 

>>Netflix Misses 3Q Estimates, Tesla Earnings On Deck 

(Los Gatos, CA)  --  Netflix missed earning estimates for the third quarter.  The streaming giant says the shortfall was a result of a dispute with Brazilian tax authorities.  Revenue met expectations at eleven-and-a-half-billion-dollars but earnings per share were more than a dollar short.  Coming up today, Tesla reports earnings after the closing bell.  Some analysts are predicting the electric vehicle maker's stock could rise to its highest level since last December on the results. 

 

>>HBO Max Raises Subscription Price

(Los Angeles, CA)  --  The cost of HBO Max is going up.  The streaming platform announced subscription prices increases for all three tiers on Tuesday.  HBO Max Basic with Ads will now cost eleven-dollars per month, HBO Max Standard is now 18-dollars-and-49-cents per month and the price for HBO Max Premium is up to 23-bucks per month.  The price jumps are going into effect immediately for new subscribers.  Current subscribers will be notified about the new prices 30 days in advance of their plan renewing.  This is the first price increase for HBO Max since June of last year.

 

>>Warner Bros. Considering Acquisition Offers

(Burbank, CA)  --  Warner Bros. Discovery says its open to a possible sale.  The company said it was undergoing a "review of potential alternatives" and had received "unsolicited interest from multiple parties" for purchase.  The offers have been for both the entire company as well as just Warner Bros. studios and streaming platforms.  This comes after Warner Bros. Discovery reportedly recently rejected an offer from Paramount Skydance.  The company said it "continues to advance its previously announced separation of Warner Bros. and Discovery Global" which is expected to be completed by April.

 

>>Gold Price Plummets As Investors Profit Off Record Highs

(New York, NY)  --  The price of gold is plunging as investors profit off record highs.  Gold hit an all-time peak on Monday at nearly 44-hundred dollars an ounce, as investors buy precious metals in times of economic uncertainty.  On Tuesday, gold dropped over five percent, its steepest decline in over five years.  Silver and platinum prices also plummeted.

 

>>Broadway Musicians Say They Will Strike

(New York, NY)  --  Broadway could be going dark later this week.  The union representing Broadway musicians say they will walk off their gigs as early as this Thursday if their contract demands are not met.  Musicians say they have been working without a contract since late August and they want a new deal with wages that accurately reflects how well the theatre industry is doing in New York City.  Both sides will meet with a mediator today in hopes of coming to an agreement.

 

>>Molson Coors Cutting Workforce In The Americas

(Chicago, IL)  --  Molson Coors Beverage Company is reducing its workforce in the Americas. The beer maker announced it would cut about 400 jobs, totaling roughly nine-percent of its Americas salaried workforce, by the end of the year as part of a corporate restructuring plan. Molson Coors' decision comes as U.S. alcohol companies grapple with uncertainties driven by cautious consumer spending and tariff-driven volatilities. The company plans to reinvest in its core categories of beers, non-alcohol beverages and energy drinks, and it expects to incur charges over 35-million-dollars in the fourth quarter. 

 

AM Business Notebook 

For: October 21, 2025 

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher to kick off the week on Wall Street.  Stocks rose sharply with technology shares leading the way ahead of some big-name earnings reports on the horizon.  Netflix is due to report third-quarter results today.  At yesterday's closing bell, the Dow Jones Industrial Average gained 515 points to 46-706.  The S&P 500 rose 71 points to 67-35.  The Nasdaq climbed 310 points to 22-990.

 

>>Stalemate Means Shutdown Drags On  

(Washington, DC)  --  The government shutdown continues.  The Senate voted 50-43 on Monday against a House-passed resolution to reopen the government, marking the 11th failed attempt.  There's been little sign of progress as Democratic lawmakers remain dug in on efforts to extend healthcare subsidies.  Meanwhile, Republicans are demanding the government reopen before any negotiations take place. 

 

>>Amazon Web Services Restored

(Undated)  --  Amazon Web Services says it has resolved widespread internet outages that caused issues with multiple popular websites much of Monday.  In an update issued Monday evening, the company confirmed that all AWS services had returned to normal.  Earlier in the day, disruptions hit major online services, including Venmo, Microsoft Outlook, Zoom, Snapchat, and Lyft. Users also experienced issues with Amazon's own services, such as Alexa and Ring security cameras.  Experts say the total cost of the outage could end being over hundreds of billions of dollars.

 

>>Ticketmaster Promises Changes To Target Scalpers

(Beverly Hills, CA)  --  Ticketmaster says it's going to take action when it comes to scalpers.  In a letter to Senators Marsha Blackburn and Ben Ray Lujan, Ticketmaster said it will use Social Security numbers and other taxpayer ID verification to limit users and ticket resellers to only one account.  The company also said it will utilize AI to screen for scalper accounts and cancel them.  The changes come as Ticketmaster faces a lawsuit from the FTC that accuses the company of working with resellers to inflate ticket prices.  Ticketmaster has denied the allegations.

 

>>Boeing Strike Talks Continue 

(St. Louis, MO)  --  Talks between Boeing and the union representing more than three-thousand striking employees are continuing today.  Over 32-hundred Boeing employees in the St. Louis-area have been on strike since early August demanding a better contract.  The International Association of Machinists and Aerospace Workers and the aerospace giant met at the negotiating table with federal mediators on Monday.  That round of talks ended with an agreement to keep trying to hammer out a deal today.

 

AM Business Notebook 

For: October 20, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher on Friday to cap a positive week on Wall Street.  Stocks hit session highs after President Trump said he still expects to meet with China's President XI Jinping [[ she jeen-peeng ]] later this month.  A rise in financial shares also helped boost sentiment after credit concerns sparked a sell-off in regional banks.  At the closing bell, the Dow Jones Industrial Average gained 238 points to 46-190.  The S&P 500 added 34 points to 66-64.  The Nasdaq rose 117 points to 22-679.

 

>>Government Shutdown Rolls On 

(Washington, DC)  --  The partial shutdown of the federal government drags on with no clear path to an end in sight.  Democrats say they will not vote for a funding bill unless it includes tax breaks for 24-million Americans who buy health insurance through Obamacare.  During the shutdown, which started on October 1st, air traffic controllers are clocking in without being paid and food aid programs like SNAP and WIC are expected to start running out of money by the end of the month.

 

>>Boeing To Resume Contract Talks With Striking Workers

(St. Louis, MO)  --  Boeing is set to resume talks today with the union representing more than three-thousand striking employees.  The International Association of Machinists and Aerospace Workers says both sides have agreed to another meeting with federal mediators in an effort to work out a deal.  Over 32-hundred Boeing employees in the St. Louis area have been on strike since early August demanding a better contract.  The aerospace giant said it's pleased to return to the negotiating table and hopes to "find a path forward."

 

>>Report: Auto Loan Delinquencies Are Rising 

(Undated)  --  Americans are feeling the burden of increasing auto loan debt.  A report from VantageScore shows auto delinquencies are up over 50-percent since 2010 and have moved from the safest to riskiest consumer commercial credit product in that time frame.  It cites record-breaking car prices, higher maintenance and insurance costs and higher interest rates as key factors.  Longer term loans are also a culprit.  VantageScore says delinquencies in other loan categories, like credit cards band first mortgages have declined since the first quarter of 2010 making auto loans an outlier.  

 

>>Broadway Musicians Still Without Contract As Actors Settle

(New York, NY)  --  Broadway continues to face a possible strike, as a contract between musicians and Broadway producers remains out of reach.  Things were looking brighter on Saturday on word that a tentative settlement had been reached with actors, a deal which still needs to be ratified by union members.  But the New York Times reports there is still no agreement with musicians, who've been working since the end of August on an expired contract.  The paper says their union hopes to meet again with producers this week.  The musicians are seeking improvements in pay and benefits.  A strike would be the first major walkout on Broadway since 2007.

 

>>Paramount Skydance Layoffs Expected Soon

(New York, NY)  --  Layoffs are said to be coming to Paramount Skydance.  "Variety" is reporting that some two-thousand jobs are on the chopping block as part of a cost-cutting plan devised by new chief executive David Ellison.  The layoffs are expected to begin next week and follow August's closure of an eight-point-four billion dollar merger between Paramount Global and Skydance Media. 

 

>>Southwest Airlines Overhauling Boarding Process

(Dallas, TX)  --  Southwest Airlines says it's going to start assigning its seats.  Southwest has used open seating for over 50 years, but says it will move to assigned seating starting on January 27th.  The airline's website announced the change along with a completely new boarding system.  Travelers including frequent flyers and credit card holders with boarding benefits, and those who purchase extra legroom, will automatically be assigned to early boarding groups.

 

>>Kering Sells Beauty Line To L'Oreal

(Paris)  --  Kering, the company behind Gucci, is selling its beauty business to L'Oreal for more than four-point-six billion dollars.  L'Oreal will get Kering's fragrance line Creed and the right to develop products under labels Bottega Veneta and Balenciaga for 50 years.  The sale aims to help erase some of Kering's ten-point-five-billion-dollars in debt.   

 

>>Halloween Spending Soars 

(Washington, DC)  --  Americans are set to spend a record amount on Halloween this year.  According to the National Retail Federation, Halloween spending is expected to reach 13-point-one-billion dollars in 2025.  That's up from eleven-point-six-billion dollars from last year.  This year's total includes three-point-nine-billion dollars on candy and four-point-three-billion dollars on costumes.  Data from the Bureau of Labor Statistics shows the cost of candy has jumped eight-percent compared to last year.

 

AM Business Notebook 

For: October 17, 2025

>>Trading Week Winding Down  

(New York, NY)  --  The opening bell rings this morning after stocks closed lower on Wall Street yesterday.  It comes as traders continue to show signs of anxiety over the ongoing government shutdown as well as a potential trade war between the U.S. and China.  At the closing bell, the Dow Jones Industrial Average lost 301 points to 45-952.  The S&P 500 fell by 41 points to 66-29.  The Nasdaq dropped by 107 points to 22-562.

 

>>Paxos Accidentally Mints $300,000,000,000,000 In Stablecoins

(New York, NY)  --  Paxos, PayPal's blockchain partner, accidentally minted 300-trillion dollars worth of PayPal's stablecoin Wednesday.  Described as a technical error, the coins were burned off and the problem fixed in about 20 minutes.  Stablecoins are digital currency tied to a fixed asset, in this case, the U.S. dollar.  There aren't enough dollars in the world to back 300-trillion of PayPal's stablecoin, which would take about double the world's total GDP.

 

>>New Pinterest Feature To Control A.I. Slop

(San Francisco, CA)  --  Pinterest has a new feature that allows users to limit how much A.I. content shows up on their feed.  The platform announced back in April that it was going to address complaints about "A.I. slop" taking over the online bulletin board.  On Thursday, Pinterest introduced a new feature that allows users to personalize their feeds to restrict generative A.I. imagery in select categories.  The new tool can be found on the Pinterest website and on Android apps in the "settings" menu, under "refine your recommendations."  Pinterest says the feature will roll out to iOS users over the weeks ahead.

 

>>Machinists Union Files Unfair Labor Practice Charge Against Boeing

(St. Louis, MO)  --  Boeing is being accused of refusing to bargain in good faith as a strike in the St. Louis area continues.  The International Association of Machinists and Aerospace Workers announced Thursday it filed an unfair labor practice charge with the National Labor Relations Board.  The Union claims the aerospace giant is "stonewalling" talks and refusing to negotiate.  Over three-thousand Boeing workers have been on strike since early August. 

 

>>Bar Louie Rescued From Bankruptcy

(Farmers Branch, TX)  --  A popular national bar and restaurant chain is being rescued from bankruptcy. Sun Holdings has acquired 39 Bar Louie locations in a deal made earlier this month after the chain filed for Chapter eleven bankruptcy protection and shuttered several locations. At the time of filing, Bar Louie had 31 company-owned and 17 franchised locations operating in 19 states, but several locations have since been closed in Michigan, New Jersey and Ohio. Sun Holdings president and CEO shared a statement addressing the acquisition and said, "Bar Louie's signature martinis and distinctive brand make it a strong addition to our casual dining portfolio." 

 

>>Peacock, Apple TV To Offer Bundle Subscriptions

(Undated)  --  Apple and NBCUniversal will start offering a bundle subscription for their streaming services next week.  Starting Monday, customers will be able to subscribe to a bundle with Apple TV and Peacock Premium for 15-dollars per month.  An option that includes Apple TV and Peacock Premium Plus with limited ads will be available for 20-bucks per month.  The partnership will also see a cross-sampling of content be made available to standalone subscribers of each service at no additional cost.  The bundle option comes as the streaming services look to keep competing with Netflix and Amazon Prime Video.

 

AM Business Notebook 

For: October 16, 2025

>>Ahead Of The Bell 

(Washington, DC)  --  The opening bell rings this morning after stocks closed mixed on Wall Street yesterday.  Financial companies like Bank of America and Morgan Stanley posted positive earnings results however, uncertainty persists around trade tensions with China and the federal government shutdown now in its third week.  At the closing bell, the Dow Jones Industrial Average lost 17 points to 46-253.  The S&P 500 rose by 26 points to 66-71.  The Nasdaq gained 148 points to 22-670.

 

>>Shutdown Drags On

(Washington, DC)  --  The federal government shutdown continues and that means some key economic reports that would normally be released today will not come out.  We'll be missing weekly jobless claims, retail sales data and the inflation-indicating producer price index.  This, after the Senate on Wednesday rejected a bill for the ninth time that would have ended the federal government shutdown.  It came after President Trump said he will cut programs favored by Democrats, with a full list of targeted programs expected Friday.

 

>>Average New Car Prices Reach Record High

(Undated)  --  New car prices are reaching record highs in the U.S. According to Kelley Blue Book, the average American new car buyer paid just under 50-thousand-and-100-dollars in September, which is the first time the figure has ever topped the 50-thousand-dollar mark. 

 

>>United Airlines Flight Is First To Offer Starlink Wi-Fi

(Houston, TX)  --  United Airlines is marking a major milestone when it comes to in-flight internet service.  United Flight 2940 from Newark to Houston made history yesterday as the first time a major U.S. airline has offered Starlink Wi-Fi on a mainline flight with connectivity on personal devices as well as in-flight entertainment screens.  United's Chief Customer Officer David Kinzelman says it's all about raising the bar.  He says "Whether it's catching a live game, streaming an award show or working, United customers won't miss a beat when they're onboard a Starlink-equipped flight."

 

>>Reality TV Production Down In L.A. 

(Los Angeles, CA)  --  The greater Los Angeles area is seeing a decline in reality television production. A new report from FlimLA says, between July and September, there was a 21 percent drop in overall TV shoot days. The total number of shoot days was four-thousand-380. That's down more than 13 percent compared to the same period a year ago. The data does not reflect the full impact of California's newly bolstered film and TV tax credits, which were passed in early July. 

 

>>NBC News Lay Offs

(New York, NY)  --  NBC News is announcing layoffs.  Word came Wednesday that about 150 employees were being let go ahead of NBC's upcoming split from MSNBC.  That represents about two-percent of the workforce at NBC News Group.  

 

AM Business Notebook

For: October 15, 2025 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after a volatile day of trading ended with stocks mixed yesterday.  Tech stocks remained under pressure while the Dow Jones Industrial Average staged a big comeback despite renewed concerns over a U.S. China-trade conflict.  Shares in Citigroup and Wells Fargo rose on better-than-expected earnings.  At the closing bell, the Dow gained 202 points to 46-270.  The S&P 500 lost 10 points to 66-44.  The Nasdaq fell 172 points to 22-521.

 

>>Investors: Powell Signals More Interest Rate Cuts

(Philadelphia, PA)  --  Investors believe Fed Chairman Jerome Powell is suggesting another interest rate cut.  Speaking at a conference in Philadelphia Tuesday, Powell warned key economic reports are being delayed due to the ongoing government shutdown. He did say pre-shutdown data indicated U.S. economic growth may exceed expectations.  But he also said the labor market remains weak, leading many investors to speculate there will be another interest rate cut at the end of this month.

 

>>Walmart OpenAI Partnership For Shopper Experience

(Bentonville, AR)  --  Walmart is launching a new partnership with OpenAI to integrate ChatGPT into its shopping platform. The integration of ChatGPT will allow customers to plan meals, restock essentials, and discover new products through chat-based interactions. Walmart and OpenAI's collaboration comes as part of the retail giant's broader strategy to incorporate AI into its operations while also catching up with competitors. OpenAI co-founder and CEO Sam Altman expressed excitement about the partnership and highlighted its potential to simplify everyday purchases.  

 

>>Instagram Overhauling Experience For Teenagers

(Menlo Park, CA)  --  Instagram is overhauling how teenagers experience their app.  The social media app announced a series of changes on Tuesday aimed a making teens' experience similar to viewing PG-13 movies, by limiting sexualized content or other similar material.  The changes apply only to teen-specific accounts.  Other apps such as YouTube have also rolled out similar methods to restrict access to certain content. 

 

>>Boeing Delivered 55 Planes In September

(Arlington, VA)  --  Boeing is on track for its best year since 2018 after delivering 55 aircraft to customers last month.  Southwest Airlines, United Airlines and European discount carrier Ryanair accounted for most of them.  So far this year, Boeing has delivered 440 planes compared with nearly 570 in the same period of 2018.  That was before two deadly crashes of 737 Maxes sent the company into a financial tailspin.

 

>>Broadway Musicians Authorize Strike 

(New York, NY)  --  The union representing musicians on Broadway has authorized a strike.  The musicians have been trying to negotiate a new contract and sticking points appear to be over wages and healthcare benefits.  Meanwhile, the Broadway League has been struggling to get a new contract in place for actor and stage manager union.  A mediator is being brought in on Friday for their negotiations. 
 

AM Business Notebook 

For: October 14, 2025 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher yesterday to start the week on Wall Street.  Stocks rallied after President Trump eased worries about trade relations with China.  Gains in Broadcom and other chipmakers led the way after Trump's Truth Social post on Sunday suggested he's unlikely to impose new tariff hikes on China.  At the closing bell, the Dow Jones Industrial Average gained 587 points to 46-067.  The S&P 500 rose 102 points to 66-54.  The Nasdaq climbed 490 points to 22-694.

 

>>Senate To Vote On Shutdown Again

(Washington, DC)  --  Senate lawmakers will be back at the Capitol today for another attempt to end the federal government shutdown, now in its third week.  A vote is planned but there's little sign of progress toward funding the government with both Democrats and Republicans seemingly dug in.  House Democrats are also meeting today to discuss how to move forward.

 

>>NASA JPL Laying Off 10% Of Workforce   (Pasadena, CA)  --  Cuts are coming to NASA's Jet Propulsion Laboratory.  JPL director Dave Gallagher said yesterday that nearly ten-percent of its workforce is being laid off.  Officials say it's related to the "realignment of its workforce" and not to the ongoing federal government shutdown.  The reductions will impact about 550 workers in tech, business and support sectors.  Employees are expected to receive an update on their employment status today.

 

>>Fed Chair Powell Speaks Today  

(Philadelphia, PA)  --  Fed Chair Jerome Powell is set to speak today in Philadelphia, addressing a business forum as key economic reports are being delayed due to the ongoing government shutdown.  He's expected to give guidance as to future monetary policy.  That includes a possible interest rate cut at the end of this month.  Powell's remarks to the National Association for Business Economics are scheduled for 12:20 pm Eastern time.  

 

>>Apple Drops "Plus" From Streaming Service Name

(Cupertino, CA)  --  Apple is rebranding its streaming service.  It will now be known simply as Apple TV, dropping the "plus" from its name.  The tech giant revealed the change Monday when announcing the streaming premiere for the Brad Pitt blockbuster, "F1: The Movie."  Apple said the new name is a "vibrant new identity" for the streaming service.  The streaming service's new name is now the same as its Apple TV streaming device.

 

>>Amazon Starts Holiday Hiring

(Seattle, WA)  --  Amazon is hiring 250-thousand people in the U.S. ahead of the holidays.  It's looking for full-time, part-time, and seasonal workers for its fulfillment and transportation teams.  Employees can earn an average of 23 dollars per hour, plus benefits.  The company says new job opportunities are posted weekly from October through December.

 

>>LendingTree Founder, CEO Dies In ATV Accident 

(Charlotte, NC)  --  The founder and CEO of LendingTree has died after a weekend ATV accident.  The company announced Doug Lebda died Sunday in North Carolina.  The accident happened on his family's farm.  Lebda founded LendingTree in 1996 as an online marketplace for loans.  The company remembered Lebda as a visionary leader who transformed the financial services landscape.  He was 55. 


 

AM Business Notebook 

For: October 13, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed out last week sharply lower.  The U.S. bond market will be dark today in observance of Columbus Day - or Indigenous Peoples' Day.  At Friday's closing bell, the Dow Jones Industrial Average lost 878 points to 45-479.  The S&P 500 fell 182 points to 65-52.  The Nasdaq dropped 820 points to 22-204.

 

>>Post Offices, Most Banks Closed Today

(Undated)  --  Most banks are closed today in observance of the Columbus Day holiday.  All United States Postal offices will also be closed and regular mail delivery won't happen.  Major retailers however should be open for business, although some may have hours adjusted. 

 

>>Labor Department Working To Release CPI Inflation Report

(Washington, DC)  --  The Labor Department is expected to release its September Consumer Price Index Inflation report later this month. According to the department's Bureau of Labor Statistics, work will "promptly resume" to get the report published on October 24th, which is nine days after it was originally scheduled. The report tracks a broad basket of goods and services for price changes over time. The department had originally paused work on the CPI report because of the government shutdown, but the Social Security Administration needs third-quarter data for calculating and publishing annual cost-of-living adjustments before November 1st. 

 

>>3rd Quarter Earnings Season Is Upon Us 

(Undated)  --  The third quarter earnings season will be soon be in full swing, with big banks jump starting things this week.  JPMorgan, Citigroup, Goldman Sachs and Wells Fargo are all due to report results on Tuesday.  Wednesday brings word from Bank of America and Morgan Stanley as well as United Airlines.  Simmons First National reports on Thursday and American Express will wrap up this week's most noteworthy reports on Friday.

 

>>Qantas Says Hackers Leaked Data On Millions Of Customers

(Sydney)  --  Qantas Airways says hackers have leaked the personal data of nearly six million customers online.  The Australian airline was among a number of companies targeted by hackers over the summer.  It said in a statement Sunday that the leak appeared limited, for the most part, to names, email addresses and frequent-flyer details.  However, some of the compromised records did include customer dates of birth, home or business addresses and phone numbers.

 

>>AI Industry Conferences

(Undated)  --  A couple of big AI industry conferences are taking place this week.  Oracle's AI World confab kicks off today in Las Vegas, just one month after Oracle inked a massive 300-billion-dollar deal with OpenAI.  Meanwhile, Salesforce.com holds its Dreamforce AI conference in San Francisco from Tuesday through Thursday.

 

AM Business Notebook 

For: October 10, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed lower on Wall Street yesterday.  It comes as the Senate voted down two measures once again today that would have led to the end of the government shutdown.  At the closing bell, the Dow Jones Industrial Average fell by 243 points to 46-358.  The S&P 500 lost 18 points to 67-35.  The Nasdaq dropped by 18 points to 23-024.

 

>>U.S. Finalizes $20 Billion-Dollar Deal To Assist Argentina

(Washington, DC)  --  The U.S. has finalized a 20-billion-dollar deal aimed at supporting Argentina's economy.  Treasury Secretary Scott Bessent posted on X Thursday, saying the two countries have agreed on a 20-billion-dollar currency swap plan.  The U.S. will directly purchase Argentine pesos, with Bessent pledging that the U.S. Treasury will work to maintain market stability.  The announcement comes amid economic uncertainty in Argentina following the 2023 election of President Javier Milei, an ally of President Trump.

 

>>Amazon To Launch Pharmacy Kiosks At Medical Offices

(Seattle, WA)  --  Amazon will soon be opening pharmacy kiosks at medical offices so patients can get their prescriptions right after their appointments.  The online retailer says the Amazon Pharmacy Kiosks which will launch in December at medical offices in the Los Angeles area, with plans for further expansion in the future.  Those wanting to use the service can create an Amazon Pharmacy account, schedule an appointment with a medical office that has a kiosk and then ask their provider to send their prescription to Amazon Pharmacy.  The pharmacy app will allow patients to view pricing and insurance copays. 

 

>>Two Walmart Products Recalled For "Risk Of Death"

(Washington, DC)  --  Two items sold at Walmart are being recalled because they pose a risk of death.  The Consumer Product Safety Commission says the retractable safety gates made by Mom Genius were recalled Thursday because a child could get stuck in the opening between the gate and the floor.  Also being recalled is the Scripto Premium Torch multipurpose lighter, which the safety commission says could pose a risk of deadly fire and burn hazards to consumers.  Walmart customers who bought the products are being urged to stop using them immediately.

 

>>GM To Keep 350 Employees Laid Off Through Rest Of The Year 

(Detroit, MI)  --  General Motors' Michigan EV manufacturing plant, Factory Zero, will keep around 360 employees laid off for the rest of the year.  GM announced August 27th that they would partially shut down production starting September 2nd.  Now, the company says they will continue to evaluate and adjust operations based on the market and customer demand.  The layoffs impacted the GMC Hummer EV and Cadillac Escalade IQ. 

 

>>M&M's Bringing Back Halloween Rescue Squad This Year

(Pittsburgh, PA)  --  The M&M's Halloween Rescue Squad is returning this year.  Leaders with the candy company Mars are running the promotion, offering free candy for folks whose bowls run empty during trick-or-treat.  Residents in cities where the deal is applicable will be able to go onto the Halloween Rescue Squad website and request a treat refill starting at 5 p.m. Eastern on October 31st.  The candy will be dropped off by drivers with the delivery service Gopuff.

 

AM Business Notebook

For Thursday, October 9th, 2025

 

>> REGIONAL BIZ ALLIANCE

Central Oregon business leaders have announced the launch of the Regional Business Alliance, uniting voices across Deschutes, Crook, and Jefferson counties. The RBA will advocate for pro-business policies, infrastructure investments, and regional economic growth. Founding partners, including St. Charles Health System and Mid Oregon Credit Union, see the alliance as key to fostering a healthy, prosperous community.

 

>>Stocks Close Lower On Shutdown Concerns

(New York, NY) -- Wall Street closed lower Wednesday as the government shutdown rolled into its second week. Uncertainty over the shutdown along with a decline in Oracle shares weighed on markets. Gold prices topped four-thousand dollars an ounce for the first time ever as investors hedged their bets and moved into safe-haven assets. At the closing bell, the Dow lost 91 points to 46-602. The S&P 500 dropped 25 points to 67-14. The Nasdaq fell 153 points to 22-788.

 

>>Powell To Give DC Address

(Washington, DC) -- The attention of investors will be focused on an address from Fed chair Jerome Powell today. Powell is set to deliver a speech at a banking conference in Washington, D.C., and could give indications as to the future of possible interest rate cuts. Minutes from last month's meeting of the Fed showed a majority of members of supported further reductions this year.

 

>>Majority Feel U.S. Economy On Wrong Track

(Undated) -- Many Americans feel the U.S. economy is on the wrong track. Fannie Mae's National Housing Survey found that 67-percent of respondents think the economy is going in the wrong direction compared to the 32-percent believing it is going in the right direction. Findings mark a slight increase from August when 64-percent negatively viewed the future of the economy. A key part of economic life that Americans were skeptical about includes the housing market as 73-percent of respondents believe it is a bad time to buy a home.

 

>>President Trump Looking At Canceling $1-Billion In Grants For Automakers

(Washington, DC) -- A planning document obtained by the Detroit News indicates President Donald Trump is weighing the cancellation of over a billion-dollars in federal grants for General Motors and Stellantis. One grant alone is for 500-million-dollars for GM to be put toward converting its Lansing Grand River Assembly Plant to electric vehicle production.

 

>>Tesla Shows Off Cheaper Models

(Austin, TX) -- Tesla is showing off cheaper versions of its Model 3 and Model Y electric vehicles. The cars, called the Model 3 Standard and Model Y Standard, are around five-thousand dollars cheaper than the premium version, starting at around 39-thousand and 41-thousand dollars, respectively. The new models will be available in December or January and come after the federal government eliminated the 75-hundred dollar tax credit for electric cars.

 

>>Disneyland is Hiking Admission Prices Again

(Anaheim, CA) -- Admission to Disneyland is getting more expensive. The Anaheim resort is increasing prices on most tickets, including single-day and multi-day tickets, as well as Magic Key annual passes. The lowest-priced Tier Zero tickets are holding at 104 dollars, but all other tiers are moving higher. For example, the top level, Tier Six, is increasing nearly nine percent from 206 to 224 dollars. The top-tier Magic Key pass is jumping from 17-hundred-49 to 18-hundred-99 dollars. Parking rates are also increasing by five dollars.

 

>>Dunkin' Now Has Ten-Thousand U.S. Locations

(Canton, MA) -- Dunkin' now has ten-thousand locations in the United States. The Massachusetts-based company announced the ten-thousandth store open last week in Darien, Illinois, a Chicago suburb. The Boston Business Journal reported the newest store is operated by franchisees The Hari Group, who now reportedly runs 100 Dunkin' locations. Dunkin' was founded in 1950. 

AM Business Notebook 

For: October 8, 2025  

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed lower on Wall Street yesterday.  Uncertainty over the shutdown along with a decline in Oracle shares weighed on markets.  Gold prices topped four-thousand dollars an ounce for the first time ever as investors hedged their bets and moved into safe-haven assets.  At the closing bell, the Dow lost 91 points to 46-602.  The S&P 500 dropped 25 points to 67-14.  The Nasdaq fell 153 points to 22-788.

 

>>Trump Addresses Back Pay For Furloughed Workers

(Washington, DC)  --  President Trump is suggesting that some furloughed government workers could receive back pay while others won't.  Trump's comments follow a memo from the Office of Management and Budget which raised the possibility that federal workers may not be entitled to back pay from their time off during the government shutdown.  The president says "it really depends on who you're talking about" when asked about compensation for furloughed workers, and he blamed Democrats for putting their jobs in jeopardy.  Despite uncertainty regarding back pay eligibility, President Trump added that "for the most part, we're going to take care of our people." 

 

>>WTO Slashes Global Trade Outlook For 2026 

(Geneva)  --  The World Trade Organization is slashing its global trade outlook for 2026.  In its latest Global Trade report issued Tuesday, the WTO cited U.S. tariffs as the key reason.  The Geneva-based group warned next year's growth will slow sharply from its previous expectation of one-point-eight percent to just a half-percent.  Meanwhile, it hiked its trade forecast for 2025 largely due to the front-loading of imports into the U.S. ahead of higher trade tariffs.

 

>>Carlyle Report Shows Employment Growth Flat

(Washington, DC)  --  Employment growth was reportedly flat last month, according to investment giant Carlyle.  The company is putting out numbers since the government shutdown has stopped the release of official reports from the Bureau of Labor Statistics.  The numbers showed 17-thousand new jobs in September.  Last week, payroll processor ADP showed a loss of 32-thousand jobs.

 

>>OpenAI Reports Big Jump In Active Users

(San Francisco, CA)  --  OpenAI says they now have 800-million active weekly users. That's a 60-percent increase from the 500-million active weekly users they reported just seven months ago.  It comes as OpenAI tries to convince more developers to use the company's ecosystem.

 

>>Broadway Negotiations 

(New York, NY)  --  Efforts to avert a Broadway strike will continue today with negotiations.  The union representing more than 50-thousand professional actors and stage managers working in live theater has authorized a strike if negotiations fail to result in a better production contract after the current one expired last month.  

 

AM Business Notebook 

For: October 7, 2025

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed mix to start the week on Wall Street.  Both the S&P 500 and the tech-heavy Nasdaq posted new records as AMD shares jumped more than 20 percent.  Declines in Home Depot and Verizon weighed on the Dow Jones Industrial Average as investors remained largely unfazed by the government shutdown.  At the closing bell, the Dow lost 63 points to 46-694.  The S&P 500 rose 24 points to 67-40.  The Nasdaq gained 161 points to 22-941.

 

>>Shutdown Rolls On 

(Washington, DC)  --  Dueling government funding bills have both failed as the government remains shut down.  One was a Republican bill that had already passed through the House, with the other backed by Democrats.  The two pieces of legislation have now both failed to pass several times.  House Minority Leader Hakeem Jeffries posted a letter on his website over the weekend that said "people will die if the Affordable Care Act tax credits are not renewed" in the government funding stopgap bill.  Top Republicans on Capitol Hill have vowed not to cave in to Democrats' demands for health care funding.  

 

>>Air Traffic Control Impacted By Shutdown 

(Burbank, CA)  --  The FAA says the control tower at California's Hollywood Burbank Airport was unmanned Monday evening due to staffing issues during the ongoing government shutdown.  Flights could still take off and land but pilots had to use procedures typically followed at small airports without control towers.  Air traffic controllers have to work during the shutdown but aren't being paid and some have started calling in sick.  A dozen FAA facilities experienced staffing issues Monday, including Phoenix and Denver.  The controller's union, the National Air Traffic Controllers Association, said it's normal for people to call in sick on any given day but that what happened Monday shows how fragile the nation's aviation system is.

 

>>American Airlines Announces Bag Policy Change

(Fort Worth, TX) -- American Airlines is announcing a change to its carry-on baggage rules. The major airline carrier confirmed the change in a statement sent to multiple outlets, and starting on Monday bag sizers will be removed from its gate areas across the country. American Airlines' rule change comes in an effort to simplify the boarding process, but it does not mean travelers can bring larger sized carry-ons. The airline is building on previous boarding enhancements including the expansion of preboarding for families with young children, five extra minutes added to boarding time and new gate technology.

 

>>Apple Reportedly Eyeing Its Next CEO

(Cupertino, CA)  --  Apple insiders say John Ternus is being groomed to eventually lead the company after CEO Tim Cook retires.  The 50-year-old Vice President of Hardware Engineering is seen as an experienced employee who can lead Apple for a decade or more.  Cook is not expected to leave anytime soon, but Bloomberg says the 64-year-old could call it a day before he turns 70.

 

>>Amazon Prime Day Oct. 7-8

(Seattle, WA)  --  Amazon Prime Day returns for a two-day event that begins today.  While July's Prime Day is the online retail giant's biggest sale, October Prime Day was started in 2022 to boost sales closer to the holidays.  Amazon devices, like Kindles, Echos and Ring cameras are expected to hit record-low prices.

 

AM Business Notebook 

For: October 6, 2025  

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed mixed on Friday to close out the trading week.  Stocks pared gains after the three major indexes hit all-time highs earlier in the session, while the Dow Jones Industrial Average and S&P 500 both closed at record highs.  Declines in Tesla and Nvidia weighed on markets as the Senate rejected bills aimed at ending the government shutdown.  At the closing bell, the Dow gained 238 points to 46-758.  The S&P 500 rose a fraction of a point to 67-15.  The Nasdaq lost 63 points to 22-780.

 

>>On This Week's Calendar

(Undated)  --  Coming up in the business week ahead, the ongoing government shutdown will play a role in the data that's released.  The latest reading on the U.S. trade deficit would normally come out on Tuesday, but that's being delayed.  Minutes from the Federal Reserve's September meeting will be released the following day.  The minutes provide critical insight into the central bank's thinking on interest rates but they're not considered official economic data so they should come out as normal.  Thursday's weekly jobless claims will be held back without resolution of the shutdown but investors will hear from Fed Chair Jerome Powell as he delivers remarks to a banking conference in DC.  The week wraps up with consumer sentiment data on Friday.  That's released through the University of Michigan so the shutdown won't affect it.  

 

>>Mostly Quiet As Q3 Earnings Season Nears 

(Undated)  --  As far as earnings go, things are relatively quiet today as we await Q3 reporting coming up this month.  Noteworthy this week however are Delta Air Lines and Pepsi, both due to announce results on Thursday.

 

>>Layoffs Could Be On Horizon Amid Shutdown 

(Washington, DC)  --   National Economic Council Director Kevin Hassett confirms layoffs could be on the horizon amid the ongoing government shutdown.  During an appearance on CNN's State of the Union, Hassett said the decision could be forced if talks continue to stall.  Hassett called on Democratic lawmakers to show leadership and make a deal to end the shutdown.  His comments come as President Trump has already promised federal layoffs and said he would use the shutdown to decide which "Democratic agencies" to close.

 

>>Prices Could Go Up After Refinery Explosion

(El Segundo, CA)  --  Gas prices in Southern California and possibly beyond could see an increase after last week's explosion at a Chevron refinery.  The explosion happened Thursday at a facility in El Segundo that provides about 20 percent of fuel for motor vehicles in the region.  Analysts say it's too early to say what the impact could be at the pump, but a refinery fire in 2015 drove up gas prices about a dollar a gallon in California.

 

>>Costco To Discount Price Of Weight Loss Drugs 

(Plainsboro, NJ)  --  Costco will begin selling monthly supplies of Ozempic and Wegovy at a discounted price to uninsured members.  Pharmaceutical company Novo Nordisk announced Friday that Costco will sell the weight loss drugs for 499-dollars as it has become increasingly popular for its health benefits.  Nova Nordisk's U.S. president said the company wants to make sure it offers "real, authentic Wegovy and Ozempic where patients seek care."  Costco previously offered Ozempic to members through its pharmacies, but it came at a much higher price of 16-hundred-dollars a month for those without insurance. 

 

>>Broadway Strike Possible

(New York, NY)  --  The shows might not go on if a Broadway strike takes place.  The union representing more than 50-thousand professional actors and stage managers working in live theater has authorized the move if negotiations fail to result in a better contract.  Talks are scheduled to resume on Wednesday after the current production contract expired last month.  More than 28-hundred industry pros have signed an open letter backing the Actors' Equity Association and calling for Broadway shows to "pivot toward humane scheduling, including providing appropriate paid time off" and contributing toward the cost of health insurance.

 

>>CA Governor Signs Landmark Deal For Rideshare Driver Unions 

(Sacramento, CA)  --  California Governor Gavin Newsom has signed a landmark agreement that creates a path to unionization for Uber and Lyft drivers.  On Friday, California became the second sate in the U.S., behind Massachusetts, where Uber and Lyft drivers can organize industry-wide for better pay and benefits like health insurance.  As part of the agreement, Newsom also signed a second bill which drastically reduces insurance coverage requirements for the ride sharing companies.  

 

>>Rite Aid To Close All Stores Nationwide

(Undated)  --  Rite Aid has officially closed all of its stores, bringing an end to more than 60 years in business.  The pharmacy chain confirmed the closures in a statement on its website, saying, "All Rite Aid stores have now closed. We thank our loyal customers for their many years of support."  Rite Aid has struggled financially in recent years. The company filed for bankruptcy protection in May, just eight months after emerging from a previous Chapter 11 filing in September 2024. 

 

AM Business Notebook 

For: October 3, 2025

>>Ahead Of The Bell  

(New York, NY)  --  The opening bell rings this morning as the trading week starts to wind down.  Stocks closed higher yesterday with all three major averages hitting record highs.  At the closing bell, the Dow Jones Industrial Average gained 79 points to 46-520.  The S&P 500 rose by four points to 67-15.  The Nasdaq gained 88 points to 22-844.

 

>>Government Shutdown Continues 

(Washington, DC)  --  The federal government remains shut down for a third day.  Lawmakers on both sides of the aisle continue to blame each other, but Senate votes to resolve the standstill could come before the end of the day.  Meanwhile, President Trump and the head of the Office of Management and Budget Director are looking at which agencies they can make cuts from during the shutdown.

 

>>No Jobs Report Today Due To Shutdown   

(Undated)  --  The always-closely watched monthly jobs report will not be released this morning.  The Bureau of Labor Statistics was set to publish the official government report, but with a shutdown underway, it's being delayed.  That leaves the ADP employment report as the only jobs data out this week and it was weak, showing a loss of 32-thousand jobs in September.  

 

>>Americans Say Groceries Getting Harder To Afford

(Undated)  --  Almost half of Americans say groceries are becoming harder to afford compared to a year ago.  According to a new Harris/Axios Vibes poll, 47-percent of respondents said that groceries are harder to afford compared to 34-percent who said it is about the same, and 19-percent who said groceries are easier to afford now.  When looking along party lines, the majority of both Democrats and independents said groceries are harder to afford while only 34-percent of Republicans said the same.  Findings also show that about eight-in-ten Americans believe President Trump has "significant influence" over the economy.   

 

>>Tesla Sales Surge To Put Musk Wealth, Briefly, At $500B

(New York, NY)  --  Tesla sales have hit a new record.  The electric car company sold more than 497-thousand vehicles in the third quarter, beating its previous record.  One likely reason for the sales boost was buyers rushing to buy Teslas before a 75-hundred-dollar federal tax credit expired on September 30th.  The gains were large enough to briefly push CEO Elon Musk's worth over 500-billion dollars, making him the first person to reach the half-trillion mark.

 

>>Google Investing $4B In Arkansas

(West Memphis, AR)  -- Google is investing four-billion-dollars in Arkansas.  The investment runs through 2027 and will include the tech giant's first data center in the state, cloud and AI infrastructure, and local programs to increase energy resilience and affordability for local residents.  The data center will be located in West Memphis. 

 

AM Business Notebook 

For: October 2, 2025

>>Today On Wall Street 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher on Wall Street yesterday.  This comes despite the government shutting down.  At the closing bell, the Dow Jones Industrial Average gained 43 points to 46-441.  The S&P 500 rose by 22 points to 67-11.  The Nasdaq gained 95 points to 22-775.  

 

>>Shutdown Rolls On 

(Washington, DC)  --  We're entering another day of a partial United States government shutdown.  After the funds stopped flowing just after midnight Wednesday, lawmakers held procedural votes on two competing funding measures, which both failed.  The shutdown is likely to last until at least Friday as senators have left town in observance of the Jewish holiday Yom Kippur.  With things at a standstill for now, some Congressional lawmakers are asking for their pay to be withheld during the government shutdown.  Among them: Republican Senator Ted Cruz, Democratic Senator Andy Kim, and Republican Representative Elise Stefanik. 

 

>>ADP Reports 32K U.S. Jobs Lost

(Roseland, NJ)  --  New employment data  from ADP is adding to growing concerns about the labor market.  The payroll processing company reports 32-thousand jobs were shed in September which marked a surprising decline.  The weak labor report comes after some recent gross domestic product and unemployment claims offered a slightly more positive outlook for the economy and Wall Street estimates expected growth of 45-thousand jobs.  The Bureau of Labor Statistics was set to publish the official government jobs report Friday, but with a shutdown underway, ADP may be the only jobs data reported this week.  Today's weekly jobless claims report is also off the calendar.  

 

>>Trump Administration Delays 100% Tariff On Drugmakers

(Washington, DC)  --  The Trump administration is delaying a 100-percent tariff that it threatened to impose on drugmakers. Last week the president took to Truth Social and announced that the administration would enforce the tariff unless a drugmaker is in the process of building a manufacturing plant in the U.S. While the tariff is currently delayed, a White House official has emphasized the president's commitment to lowering drug prices. Officials say the new tax is still being prepared as the administration engages in negotiations with pharmaceutical companies. 

 

>>Apple TV+ Keeping Peanuts Rights Through 2030

(Cupertino, CA)  --  Charlie Brown, Snoopy and the rest of the Peanuts gang are sticking around Apple TV-plus.  The streamer announced Wednesday that it extended the deal to be the exclusive streaming home of Peanuts content through 2030.  That includes new material as well as classics like "It's the Great Pumpkin, Charlie Brown," and "A Charlie Brown Christmas," among others.  Apple TV-plus notes that non-subscribers will also have a chance to see holiday specials for free on select dates. This comes as Thursday marks the 75th anniversary of the first Peanuts comic strip to be printed.  
 

AM Business Notebook

For: October 1, 2025

>>Ahead Of The Bell (New York, NY) -- The opening bell rings this morning after Wall Street closed higher yesterday to cap a positive month and quarter. All three major indexes locked in solid gains of one percent or more for September. At the closing bell, the Dow Jones Industrial Average gained 81 points to 46-397. The S&P 500 added 27 points to 66-88. The Nasdaq rose 68 points to 22-660.

 

>>Shutdown To Affect Pay Of Tens Of Thousands Of Federal Workers

(Washington, DC) -- Tens of thousands of federal workers are on furlough with a government shutdown now in effect. Congress failed to approve a new spending bill Tuesday night, leading to a shutdown just after midnight Eastern time. That means starting today, federal employees whose jobs do not protect life or property will be told not to come to work. Social Security, Medicare, Medicaid and the U.S. Postal Service will continue operating. Air traffic controllers, TSA agents, ICE officers, prison staff and active-duty military members are expected to continue working without pay, but will receive back pay when the shutdown is over.

 

>>U.S. Airlines Warn Shutdown May Slow Flights

(Washington, DC) -- U.S. airlines are warning that the government shutdown could cause flight delays for airports and travelers with air traffic controllers and TSA employees required to work without pay. According to reporting from Reuters, absences among controllers and security checkpoint workers rose after employees began skipping work when they were not getting paid during the last government shutdown in 2019 which lasted for 35 days.

 

>>Consumer Confidence Slips In September

(New York, NY) -- Consumer confidence edged lower in September. The Conference Board's confidence index fell more than three points to its lowest reading since April. Concerns about higher prices and inflation topped the list of worries for most Americans. Purchasing plans for cars weakened while buying intentions for homes jumped to a four-month high in September. The reading comes just ahead of an expected data blackout caused by a looming government shutdown at midnight.

 

>>Job Openings Held Steady In August

(Washington, DC) -- The number of job openings held steady in August. The Labor Department says seven-point-two million jobs were available last month which is slightly more than expected. According to the JOLTS report, there were fewer job openings in construction and the federal government. Meanwhile, the number of hires were little changed at five-point-one million while the number of layoffs held steady for the month.

 

>>Reports: White House Withdraws Antoni Nomination for BLS Post

(Washington, DC) -- There are multiple reports the White House has withdrawn the nomination of E.J. Antoni to run the Bureau of Labor Statistics. President Trump nominated Antoni after he fired the previous BLS commissioner, Erika McEntarfer. She was let go after a poor jobs report. Antoni is a conservative economist who had been backed by Trump ally Steve Bannon.

 

>>Daniel Ek Steps Down As Spotify CEO

(New York, NY) -- Daniel Ek is stepping aside as Spotify CEO. The music streaming giant announced Tuesday that Ek will transition to the role of Executive Chairman starting January 1st. Current senior officers Alex Norstrom and Gustav Soderstrom will become co-CEOs. They will report to Ek, who will now focus on Spotify's long-term direction. In a statement, Ek said he turned over a large part of the day-to-day management to Norstom and Soderstrom and they are "more than ready" to guide Spotify's next phase.

 

>>UAW: Volkswagen's Offer Falls Short

(Chattanooga, TN) -- The United Auto Workers may be going on strike in Chattanooga, Tennessee soon. Union bargainer Chuck Browning says Volkswagen's proposal falls short, calling it incomplete and difficult to comprehend. A strike isn't certain, but Browning says the UAW is hosting strike training meetings to prepare. The auto maker made its final offer to its union employees nearly two weeks ago. It offers a 20 percent pay raise across four years, lower healthcare premiums and more personal time off. 

 

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