Business News Archives for 2026-09

AM Business Notebook 

For: September 4, 2026

>>Watching Wall Street

(New York, NY)  --  The opening bell rings this morning after stocks closed higher Thursday.  It comes as investors have hopes that the Federal Reserve will leave interest rates unchanged later this month.  Federal Reserve Governor Christopher Waller said he'd be inclined to support holding interest rates steady barring surprises in inflation data.  At the closing bell, the Dow Jones Industrial Average added 624 points to 53-686.  The S&P 500 gained 81 points to 77-47.  The Nasdaq rose 366 points to 26-584.

 

>>Jobs Report Due 

(Undated)  --  The government's always highly-anticipated monthly jobs report is due out today.  Most analysts are expecting to see at least 53-thousand new, non-farm payrolls added in August.  That would be a major improvement from the unexpected loss of 23-thousand jobs the month prior.  

 

>>Mortgage Rates Hit New High For 2026

(New York, NY)  --  Mortgage rates are hitting a new high for 2026 as they drive closer to seven-percent.  The average 30-year fixed mortgage rate rose to six-point-seven-one-percent this week, according to Freddie Mac. It's the highest level since July 2025, putting new pressure on potential buyers and homeowners hoping to refinance. 

 

>>Burlington Coat Factory Moving To PA

(Burlington, NJ)  --  Burlington Coat Factory is moving its headquarters out of the New Jersey city that bears its name, and across the Delaware River to Pennsylvania.  The discount clothing retailer announced Thursday the company is investing 370-million dollars into relocating its corporate base to West Philadelphia.  Burlington was founded in 1972 in Burlington, New Jersey, and promised to continue operating stores in the Garden State.  The defection comes after Exxon Mobile and Samsung Electronics both announced plans this summer to move their American headquarters from New Jersey to Texas.  

 

>>Trump Coins Sold Out

(Washington, DC)  --  The Trump coins are already sold out.  The U.S. Mint released one-dollar gold-colored coins on Wednesday featuring President Trump's likeness.  The currency became available for purchase at noon and sold out within hours.  The U.S. Mint's order page says a 25-coin roll is "currently on backorder," while the 100-coin bag is "currently unavailable."  There's been no mention yet on when the coins will be restocked.


 

AM Business Notebook 

For Thursday, September 3rd, 2026

>>Wall Street Closes With Stocks Higher

(New York, NY)  --  Wall Street closed with stocks higher Wednesday. It comes as oil prices have been seeing an uptick amid renewed tensions between the U.S. and Iran. West Texas Intermediate crude futures were trading above 91-dollars per barrel, while Brent crude futures were trading above 95-dollars a barrel. Elsewhere, the benchmark U.S. ten-year Treasury note yield hit around four-point-eight-percent on Wednesday. At the closing bell, the Dow Jones Industrial Average added 295 points to 53-061.  The S&P 500 gained 35 points to 76-66.  The Nasdaq rose 118 points to 26-217.

 

>>ADP: Private Sector Job Grows Slows

(Roseland, NJ)  --  Private companies added fewer-than-expected jobs in August, according to payroll processor ADP.  Numbers out Wednesday show 38-thousand jobs were added, below the 47-thousand markets predicted.  It was the smallest gain since January and down from an upwardly revised 46-thousand in July.  Most of the new jobs were in healthcare, while manufacturing lost 17-thousand jobs.  

 

>>Chevron To Double Oil Production In Venezuela

(Houston, TX)  --  The only U.S. oil company operating in Venezuela says it plans to double its oil production in the country over the next five years.  Chevron confirmed on Wednesday that it plans to invest another seven-billion dollars in Venezuela, increasing it's oil production to about 600-thousand barrels a day.  The news comes after President Trump announced a deal last week to create a business partnership that would control Venezuelan oil fields containing about 65-billion barrels of petroleum.  Chevron CEO Mike Wirth said, "we are strengthening a portfolio that we believe can deliver attractive low-cost oil growth" and support the U.S. energy supply.

 

>>Trump Warns Oil Execs About Price Gouging

(Washington, DC)  --  President Trump says he warned oil executives about price gouging as gas prices continue to rise.  Speaking to reporters in the Oval Office Wednesday, Trump said he warned retailers in a meeting earlier this week, and told them he wants the retail prices to come down.  According to Triple-A, the average price for a gallon of regular gas nationwide is four-12, nearly a dollar more than one year ago.  The price rise has been in effect since the start of the Iran war.

 

>>California-Based Uber Laying Off 10% of Corporate Workforce

(San Francisco, CA)  --  California-based Uber is laying off ten percent of its global workforce.  It amounts to about 33-hundred employees.  The layoffs do not include drivers and couriers who use the Uber platform.  Uber says the move will make the company "simpler and faster" and allow it to invest in growth opportunities.  It also says the cuts will help it consolidate management layers and trim costs, and are not related to AI.  About 14-thousand-600 of Uber's global workforce is based in the U.S.  Most work at its headquarters and offices in San Francisco and Sunnyvale.  

 

>>Trump Admin Backs OpenAI In NYT Lawsuit

(Washington, DC)  --  The Trump administration is backing OpenAI in a lawsuit brought by the New York Times over fair use of the news outlet's content. The Times sued OpenAI in 2023 over the artificial intelligence platform's use of its journalism to train its systems and chatbots. In a new filing, the White House signaled support for OpenAI, saying that having a "robust" AI ecosystem is essential for national security and other government priorities. The Trump administration argued that OpenAI should be able to use copyrighted content to advance its technology.

 

>>Pizza Hut Sale Completed

(Louisville, KY)  --  The one-and-a-half-billion-dollar sale of Pizza Hut is now complete.  Kentucky-based Yum! Brands announced earlier in the summer that the pizza chain was being sold to the private equity firm LongRange Capital.  This comes after Yum! said last year that it was looking at options for the struggling pizza chain.  In a separate transaction, Pizza Hut's mainland China locations have been sold to Yum China for one-point-two-billion dollars.  Pizza Hut was founded in 1958 in Wichita, Kansas and has almost 20-thousand locations around the world.


 

AM Business Notebook 

For: September 2, 2026

>>Ahead Of The Bell   

(New York, NY)  --  The opening bell rings this morning after stocks closed lower Tuesday as higher bond yields and rising oil prices rattled markets.  Stocks fell in a shaky start to September as global oil prices surged above 94-dollars a barrel after new U.S. strikes on Iran.  Inflation worries are also stoking concerns about the Federal Reserve's future path on interest rates.  At the closing bell, the Dow Jones Industrial Average lost 419 points to 52-766.  The S&P 500 fell 54 points to 76-31.  The Nasdaq dropped 271 points to 26-099

 

>> Greer: U.S. And Canada Trade Negotiations Stall

(Washington, DC)  --  Trade negotiations between the U.S. and Canada are at a standstill after falling apart in August.   Politico reports U.S. Trade Representative Jamieson Greer said "it's more their emergency than ours," and no negotiations are currently happening. This after Treasury Secretary Scott Bessent took aim at Canada's prime minister, saying Mark Carney walked away from a trade deal.

 

>>Job Openings Held Steady In July

(Washington, DC)  --  The number of job openings held steady in July.  The Labor Department revealed yesterday that seven-point-three million jobs were available which matched expectations.  The number and rate of hires were little changed at five-point-one million for the month.  According to the JOLTS report, durable goods manufacturing led the way with the most job postings in July.  Hires decreased in professional and business services for the month.     

 

>>Gas Prices Rising Ahead Of Labor Day Weekend

(Heathrow, FL)  --  Gas prices are creeping up as the Labor Day holiday weekend nears.  Triple A reports the national average is four-dollars-and-12 cents today, up from yesterday's four-oh-nine.  The national average was above four-dollars a gallon every day last month.  California drivers are seeing the highest prices at the pump at five-73 a gallon.

 

>>Seattle Teachers Strike Avoided 

(Seattle, WA)  --  A major Seattle Public Schools strike has been averted.  A tentative contract deal between the school district and the Seattle teachers' union was reached overnight with the teachers' current contract expiring.  The teachers' union voted overwhelmingly last week to authorize a strike if a contract deal was not reached.  Classes are now scheduled to begin today for the new school year.


 

AM Business Notebook 

For: September 1, 2026

>>Wall Street Welcomes Brand New Trading Month 

(New York, NY)  --  The opening bell rings this morning as Wall Street ushers in a brand new trading month.  Stocks closed lower Monday to cap what was otherwise a positive month.  Stocks fell as oil prices jumped after the U.S. and Iran traded strikes for the first time in over a month.  Trading remained volatile due to heightened tensions in the Middle East, but markets still posted broad gains in August.  At the closing bell, the Dow Jones Industrial Average lost 374 points to 53-185.  The S&P 500 fell 25 points to 76-86.  The Nasdaq lost 31 points to 26-370.

 

>>Jobs In Focus This Week 

(Undated)  --  The Labor Department's Jobs Openings and Labor Turnover Survey, or JOLTS report, is due out today.  That will be followed by ADP's monthly hiring survey on Wednesday, weekly jobless claims on Thursday and the government's always highly-anticipated monthly jobs report on Friday.  

 

>>Tim Cook's Time As Apple CEO Comes To A Close 

(Cupertino, CA)  --  Tim Cook's time as CEO of Apple is over.  In his final memo as CEO to the company on Monday, Cook praised Apple employees saying, "The truth is, whatever there is to say about my success, I know it is all because of you."  He's officially making the transition into the role of executive chairman today.  John Ternus will take over as Apple's new CEO with plans to make sweeping changes to the management team.  Ternus previously oversaw Apple's design and hardware engineering.  Cook served as the head of Apple since 2011 when he took over for Steve Jobs.  

 

>>Pentagon Onboards New AI Platforms

(Arlington, VA)  --  The Pentagon is bringing on Grok and ChatGPT for unclassified military use in a move to expand the number of AI assistants on the department's platform. The Pentagon said Grok for Government is meant to boost productivity and more "secure and efficient collaboration." The Department of War also said it's using ChatGPT Mil to help with "document-heavy unclassified work."

 

>>FTC Sues Amazon   (Washington, DC)  --  The Federal Trade Commission is suing Amazon.  FTC Chairman Andrew Ferguson says the world's largest online retailer manipulated pricing and overcharged over a million advertisers.  The lawsuit alleges 80-percent of sponsored product ad auctions were rigged.  Twenty-two state attorneys general filed the lawsuit Monday accusing the company of making over 20-billion-dollars off the scheme since 2019.  An Amazon spokesperson says it "strongly disagrees" and asserts the FTC doesn't understand how advertising works.  

 

>>NYC Outdoor Dining Permanently Made Year-Round With Mayor's Signature

(New York, NY)  --  Outdoor dining is going to be allowed in New York City all year long after Mayor Zohran Mamdani signed the bill into law. The Mayor says he expects a lot of positive impacts by making outdoor dining a permanent feature of the Big Apple. Mamdani claims previous regulations under former Mayor Eric Adams increased the cost for business owners since they had to build and then tear down their roadway dining structures by November. 


 

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