Business News Archives for 2026-09

AM Business Notebook 

For: September 23, 2026

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed mixed yesterday as investors monitor developments between the U.S. and Iran.  The tech-heavy Nasdaq hit a fresh record high led by gains in Sandisk and other chipmakers.  Global benchmark Brent crude futures slipped below 100-dollars a barrel after President Trump said U.S. officials had a "very good meeting" with Iran's delegation on the sidelines of the UN General Assembly Tuesday.  At the closing bell, the Dow Jones Industrial Average fell 185 points to 51-863.  The S&P 500 lost a fraction of a point to 77-64.  The Nasdaq gained 122 points to 27-244.

 

>>OpenAI's Altman To Brief UN Security Council 

(New York, NY)  --  OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei will brief the United Nations Security Council today.  It comes as world leaders are in New York for the annual gathering of the UN General assembly.  The 15-member Security Council is meeting to discuss AI and international security.  

 

>>Anthropic Says New AI Model Is The "Safest Yet"

(San Francisco, CA)  --  Anthropic is releasing a new AI model it claims is its "safest" yet.  The company on Tuesday revealed its new Opus 5.5, which it says is a faster, cheaper version of its flagship Claude AI model.  It also says it's the safest AI, and is "less likely" to take actions that can't be undone or act outside the limits it was given, nor will it answer questions about hacking, biology and A.I. research, or any requests that are flagged for misuse.  Anthropic says Opus 5.5 will also cost 40-percent less to operate with cheaper versions to be released in the weeks to come.   

 

>>President Trump Changes "Artificial Intelligence" To "Super Intelligence"

(New York, NY)  --  President Trump is changing the name of Artificial Intelligence to Super Intelligence.  He made the comment while addressing the United Nations General Assembly on Tuesday.  Trump said the U.S. will not stifle the growth of the technology.  He added that the Justice Department will rein it in if necessary.  Trump has thrown his support behind AI as others have brought up concerns about the technology, including doomsday scenarios.

 

>>Florida Business Owners Discuss Minimum Wage Hike

(Pensacola, FL)  --  The minimum wage is about to go up in Florida and some business owners in Escambia County are warning they may have to raise their prices.  Next Wednesday, the minimum wage will go up a dollar to 15-dollars an hour for non-tipped workers and just under 12-dollars for tipped workers.  Collier Merrill owns several restaurants in Pensacola and he says if some workers are getting raises, then everyone will want one.  He estimates an 800-thousand dollar increase to his payroll.  University of West Florida economics professor Rick Harper warns raising the minimum wage could actually end up hurting those it's designed to help.  


 

AM Business Notebook 

For: September 22, 2026

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed higher Monday with the Nasdaq hitting a new record to start the week.  Markets rallied as AI-related stocks surged while oil prices and Treasury yields cooled.  Shares of Intel, Qualcom and Advanced Micro Devices led the way with AMD reaching a trillion-dollar market cap for the first time.  At the closing bell, the Dow Jones Industrial Average gained 366 points to 52-048.  The S&P 500 rose 114 points to 77-64.  The Nasdaq jumped 599 points to 27-122.

 

>>Zuckerberg Banks $25 Billion In One Day 

(Undated)  --  Monday was a good day for Mark Zuckerberg.  The Meta CEO saw his estimated net worth rise by 25 billion dollars in a single day.  The jump was thanks to an almost 12-percent surge in Meta Platforms shares credited in large part to the roll out of the new Muse AI assistant.  Already one the richest men on Earth, Zuckerberg's fortune sat at just over 253-billion dollars as of yesterday.

 

>>Paramount Skydance Reaches Settlement With States Suing To Block Warner Bros Merger

(Los Angeles, CA)  --  Paramount Skydance and a dozen states are settling a lawsuit that aimed to block its 110-billion-dollar merger with Warner Brothers Discovery.  The agreement was announced by the two sides on Monday.  California Attorney General Rob Bonta said Paramount made several concessions in the deal.  The settlement removes a major block to closing one of the largest media mergers in history.  It will see two of Hollywood's biggest film studios combine along with two streaming services and two of the largest cable news operations.

 

>>Groundbreaking Of Eli Lilly Facility In Houston

(Houston, TX)  --  Pharmaceutical giant Eli Lilly is breaking ground on a six-billion-dollar manufacturing facility in Texas.  Governor Greg Abbott calls it an important part of domestic manufacturing.  The facility in Houston's Generation Park will produce the company's first weight loss pill.  It's set to be finished in the year 2030.  

 

>>Largest Wendy's Franchise Bankruptcy

(Undated)  --  One of Wendy's largest franchisees has filed for Chapter 11 bankruptcy.  Meritage Hospitality Group, which operates 314 Wendy's across 15 states, filed in federal bankruptcy court and says it owes Wendy's nearly 25 million dollars.  The company says same-store sales fell more than 11 percent in the final quarter of 2025, while its average beef costs jumped nearly 19 percent from a year earlier.  Meritage says it plans to restructure and could close or sell under performing restaurants, but is seeking to preserve jobs and keep its restaurants operating.  The company has about eight-thousand-850 employees and says it will continue honoring Wendy's gift cards, loyalty programs and employee benefits during the bankruptcy process.


 

AM Business Notebook 

For: September 21, 2026

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed mix on Friday to cap a volatile week.  Rising Treasury yields, higher oil prices and the Federal Reserve's first rate hike in three years pressured markets.  Many analysts now expect the Fed to raise rates at least one more time in 2026 and possibly two more times again next year.  At Friday's closing bell, the Dow Jones Industrial Average lost 95 points to 51-682.  The S&P 500 gained 12 points to 76-50.  The Nasdaq rose 104 points to 26-522.

 

>>OpenAI's Altman To Brief UN Security Council 

(New York, NY)  --  OpenAI CEO Sam Altman will brief the United Nations Security Council this week.  An OpenAI spokesperson says the brief will take place during the annual gathering of world leaders in New York for the UN General assembly.  The 15-member Security Council is set to meet Wednesday on AI and international security.  An OpenAI spokesperson told Reuters his remarks are expected to focus on the steps OpenAI is taking to ensure AI is safe and benefits people worldwide. 

 

>>Google" AI Model Gained Access To 3 Outside Systems 

(Mountain View, CA)  --  Google has disclosed the first known instance of its AI software, Gemini, carrying out an undirected computer hack.  Google said in May its AI model gained unauthorized access to three outside systems during a test by either guessing login information or using login credentials it found in a public archive.  Google Vice President for security engineering said the AI model used computer systems that  "were part of the test," but said in all three cases it stopped before doing anything further with its access.  Google said it did not learn about the intrusions until July, when an AI-focused cybersecurity company reviewed its work on Gemini to look for incidents similar to the Hugging Face incident OpenAI had.  Google said it then informed the organizations operating the websites about the intrusions and told federal authorities about the hacks. 

 

>>Gas Prices Starting Off The Week At $4.47/Gallon 

(Undated  --  Gas prices are holding steady at four dollars and 47 cents a gallon as we start off the work week.  That's according to Triple-A.  The price is essentially unchanged from yesterday but that's still 16 cents higher than a week ago.  Prices at the pump are highest in California, where drivers are shelling out six-16 a gallon, on average.  

 

>>Toys 'R' Us OPening 120 New Stores 

(Parsippany, NJ)  --  Toys 'R' Us is expanding in the U.S.  The retailer will open 120 new standalone stores set to open across the country this holiday season.  The expansion was announced last week and will bring to 160 the number of standalone Toys 'R' Us stores in the U.S.

 

>>Amazon October Prime Day Nearing

(Seattle, WA)  --  Amazon's fall Prime Day event will make its return on October 6th and 7th.  Customers will be able to shop for deals across a variety of categories including tech, tools, home essentials and everyday basics.  Amazon's October Prime Day is a smaller version of the company's annual Prime Day sale, though Prime members will still have the opportunity to take advantage of markdowns across hundreds of categories.  Prime memberships, which cost 139-dollars per year, provide access to steep discounts and limited-time price cuts.   


 

AM Business Notebook 

For: September 18, 2026 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed higher yesterday.  Tech has been driving the broader market higher, with names like Nvidia and Amazon both rising about two-percent.  Microsoft also gained about one-percent. Meanwhile, oil prices saw a decline, with U.S. crude trading less than one-percent lower to around 101-dollars per barrel.  At the closing bell, the Dow Jones Industrial Average added 316 points to 51-778.  The S&P 500 gained 85 points to 76-37.  The Nasdaq rose 439 points to 26-418.

 

>>Trump Administration To Hold Million Dollar Pitch Competition

(Washington, DC)  --  Five entrepreneurs from across the U.S. will compete in Washington, DC today for a million dollars in cash from the Trump administration.  The Million Dollar Pitch Competition will feature five small businesses from California, Georgia, Iowa, Maine and Wyoming pitching their products for celebrity judges including Nicki Minaj, with the event hosted by former TV Superman Dean Cain.  A news release by the Small Business Administration says the five finalists were chosen from about 12-hundred businesses across the country.  They'll be greeted by President Trump in the Oval Office and the competition, which is being taped for a TV special, will air in October.

 

>>Starship Test Flight Target Date Pushed Back

(Harlingen, TX)  --  SpaceX is moving back the target date for its next launch from Starbase.  The company says it is now considering September 28th for the Starship 14 test flight after initially eyeing next Tuesday, the 22nd.  SpaceX hopes this will be the first flight to send Starship into orbit around Earth.

 

>>Weekly Jobless Claims Fall 

(Washington, DC)  --  Fewer Americans filed for unemployment benefits last week than expected  The Labor Department said Thursday that it received 196-thousand initial requests in the week ending September 12th.  That's about ten-thousand fewer than the previous week, and below the 207-thousand most analysts had forecast.  

 

>>OpenAI Finds More AI Models Displaying Concerning Behavior

(San Francisco, CA)  --  OpenAI has found six new reports of artificial intelligence models showing "unexpected or concerning" behavior.  This, as AI firms face mounting pressure to be more transparent about their development processes. The ChatGPT maker reported  models adding unrelated instructions for certain tasks, searching for exposed code to fabricate information or uploading files to the internet to cite themselves. The company noted these are individual instances rather than overall trends.

 

>>SEC Reveals "Innovation Exemption" For Tokenized Stock Trading

(Washington, DC)  --  The SEC is revealing its long-awaited "innovation exemption," a new order to clear a path for tokenizing stock trading in the U.S. Tokenized stocks are digital versions of real-world stocks, represented by digital tokens on the blockchain, which is the technology that forms the foundation of cryptocurrency. The Securities and Exchange Commission noted in a fact sheet that "Over the past several years, advancements in distributed ledger technology have facilitated innovations in trading across non-security crypto assets." But it suggested that these platforms could face challenges with complying with Federal securities laws without big potential changes to its business model.


 

AM Business Notebook 

For: September 11, 2026

>>Watching Wall Street    

(New York, NY)  --  The opening bell rings this morning on Wall Street, rung by people closely connected to the tragic events of September 11th, 2001.  Stocks closed lower on Thursday amid rising oil prices as the conflict between the U.S. and Iran continues.  Elsewhere, August's producer price index rose a seasonally adjusted point-four-percent for the month as we await word today on the latest data from the consumer price index.  At yesterday's closing bell, the Dow Jones Industrial Average lost 316 points to 52-064.  The S&P 500 fell 44 points to 75-91. The Nasdaq dropped 171 points to 26-081.

 

>>Trump Announces $500 ACA Refunds For Eligible Enrollees

(Dallas, TX)  --  President Trump says nearly a million people will be getting 500-dollar Obamacare refunds starting in October.  The money will go to people in 30 states that use the federally-operated exchange to buy insurance plans under the Affordable Care Act, the formal name for Obamacare.  The money comes after enrollees were hit with massive insurance premiums after Congress let subsidies expire at the end of 2025.  Recipients would mostly be those in middle-income households that don't currently receive federal assistance to pay for insurance premiums.  The 500-million in payments come just before the November midterm elections.  President Trump has also said the government would pay every adult American citizen five-thousand dollars, a total cost of about one-point-two trillion dollars, if Republicans maintain control of Congress.  

>>First Flights Of Air Taxis Starting In Texas 

(San Antonio, TX)  --  Air taxis are taking to the skies in Texas.  The state is launching the first test flights for a pilot program, which has been dubbed Project Nexus.  The state transportation department says the goal is to connect urban centers, rural communities and neighboring states.  They say these initial flights will not carry passengers.  They are designed to collect data on safe flight routes.

 

>>Law Banning Addictive Social Media Features Signed By California Governor

(Sacramento, CA)  --  Tech companies in California will soon be banned from offering addictive social media features to children.  Governor Gavin Newsom has signed several laws, including Assembly Bill 1709, as part of a larger effort to protect kids online.  AB 1709 bans online and social media platforms from offering features that encourage compulsive use to anyone under 16.  Banned features include infinite scroll, autoplay, and any other features the state attorney general may add later.  Some groups criticize the law for limiting young people's access to the internet.  The Electronic Frontier Foundation says the law also raises privacy concerns as companies could be forced to collect more personal information for age checks.  With the dozens of digital safety laws Newsom signed into law Thursday, California now has the strongest online protections for young users in the United States.

 

>>OpenAI Calls For Mandatory AI Safety Requirements

(San Francisco, CA)  --  OpenAI is calling for mandatory safety requirements for its artificial intelligence technology after a series of model hackings and warnings from researchers. In a Wednesday blog post, OpenAI's chief global affairs officer said the industry has "reached a new chapter in AI capabilities" that necessitates new policies. The ChatGPT maker says it's hoping to work with Congress on national AI safety regulation.  It comes after a safety researcher at Anthropic said the chance that AI kills all humans within the next decade is greater than ten percent.  


 

AM Business Notebook

For: September 10, 2026

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this mornign after stocks closed lower yesterday.  It comes as crude oil prices have topped 100-dollars a barrel as fighting between the U.S. and Iran ramps up in the Persian Gulf.  The escalation of the conflict is raising the risk of oil prices surging above 120-dollars a barrel as attacks on shipping intensify, according to a Goldman Sachs research head.  At the closing bell, the Dow Jones Industrial Average lost 405 points to 52-380.  The S&P 500 fell 37 points to 76-36. The Nasdaq dropped 168 points to 26-253.

 

>>Treasury Department Triples The Maximum Of U.S. Government Debt Buyback

(Washington, DC)  --  The Treasury Department is tripling the max amount of U.S. government debt it can buy back in an effort to lower surging bond yields. The department is increasing the buyback limit to six-billion dollars per operation. The day before the announcement, the 30-year Treasury bond yield surpassed 5.33 percent, the highest mark since before the 2008 financial crisis.

 

>>White House Proposal Could Pay Married Couple Subsidies If One Parent Stays At Home

(Washington, DC)  --  The White House may soon reveal a proposal to pay a married couple subsidies if one parent stays at home. The New York Times was the first to report on the proposal, writing that a Health and Human Services Department fund established in the 1990s could be used for the program. It's meant to help lower-income parents afford child care. It typically offers about nine-thousand dollars per child annually. The Trump administration has not revealed specific details about the program, but a new analysis by SmartAsset  used data from MIT's Living Wage Calculator to look at how much a sole working parent would need to earn across the U.S.to support a partner and one child. In Hawaii and California, that number is more than 100-thousands-dollars a year. Arkansas is the only state in which a parent could earn less than 70-thousand annually to support a family of three.

 

>>Apple Unveils New Products

(Cupertino, CA)  --  Apple fans will soon be able to get their hands on the company's first-ever foldable iPhone.  The tech giant unveiled the new iPhone Duo during its "Surprise and Shine" event on Wednesday.  It will cost about two-thousand dollars and will be available to preorder starting October 16th.  Apple also debuted the iPhone 18 Pro and Pro Max which will hit shelves September 18th.  The event was the first annual fall showcase to be held under new CEO John Ternus.

 

>>Teachers Union Reaches AI Deal With Microsoft 

(New York, NY)  --  The American Federation of Teachers and Microsoft are reaching what's considered a first of its kind agreement regarding artificial intelligence. The deal comes just days after New York City's public schools banned AI for kids in kindergarten through eighth grade. Officials say the agreement stops the tech company from tracking students, using teacher and student data to train AI models, and allowing AI systems to independently make decisions in schools without human oversight. The union says its talking with other major companies to adopt similar regulations. 

 

>>Walmart Partners With Dunkin

(Bentonville, AR)  --  Walmart is running with Dunkin' in a new delivery partnership.  The retail giant is expanding their restaurant delivery business with Inspire Brands, the parent company of Dunkin.'  This new partnership will now allow customers to order drinks and food along with their Walmart delivery order in the shopping app.  The rollout will start with 150 Dunkin' locations inside Walmart stores and expand to roughly ten-thousand locations across the country.  The move builds on Walmart's restaurant-delivery test with Subway and puts the retailer in more direct competition with services like DoorDash and Uber Eats.

 

>>Dog Supplements Recalled Over Potential Salmonella Contamination

(Topeka, KS)  --  Two supplements for dogs are recalled over a potential salmonella contamination. According to a company notice the FDA posted, the company Fi is recalling the products over an ingredient supplied to its manufacturer. The manufacturer has stopped production while it investigates. The two supplements were sold directly to consumers and also distributed through online outlets Amazon and Chewy, and they include the Fi Calming supplement for Dogs and the Fi 8-in-1 Formula supplement for. Dogs.


 

AM Business Notebook 

For: September 9, 2026

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed lower to begin the holiday-shortened trading week on Tuesday.  Rising oil prices pressured stocks ahead of a key inflation reading later in the week.  Renewed trade tensions with Canada are also in focus ahead of the Federal Reserve's policy meeting next week.  At yesterday's closing bell, the Dow Jones Industrial Average lost 628 points to 52-786.  The S&P 500 fell 45 points to 76-73.  The Nasdaq dropped 85 points to 26-421.

 

>>Apple's Big Launch Event Is Today 

(Cupertino, CA)  --  Apple is preparing to roll out new devices today.  The event, called "Surprise and Shine" starts at 10 am Pacific/1 pm Eastern and it's expected to feature the long-awaited debut of a foldable iPhone.  It'll also be a big moment for Apple's brand-new CEO John Ternus, with this being his first launch event, after taking over for Tim Cook.

 

>>Americans Have Paid $100 Billion More On Fuel Since Start Of Iran War

(Providence, RI)  --  Americans have spent over 100-billion-dollars more on fuel since the start of the Iran war.  That's according to Brown University's Iran War Energy Cost tracker that has looked at fuel prices since the conflict started on February 28th.  That total comes out to just over an additional 770-dollars per household.  A little more than 55-billion-dollars of the total is from gasoline while just over 45-billion has been spent on diesel.  This comes as Goldman Sachs has warned that the price of a barrel of oil could surge past 120-dollars as tensions in the Middle East rise.

 

>>Florida AG Pushes For Criminal Penalties Against Some AI Chatbots

(Tallahassee, FL)  --  Florida Attorney General James Uthmeier wants new criminal penalties for companies whose AI chatbots are involved in crimes.  He's out with a proposal that calls for fines, payments to victims, and court oversight.  It comes as Uthmeier investigates OpenAI and accuses ChatGPT of putting children at risk.  He also points to cases involving AI-generated child sexual abuse material and other crimes.

 

>>Boomtown Study

(Charlotte, NC)  --  Austin, Texas ranks number one among the nation's 50 largest metro areas in a recent LendingTree boomtown study.  Researchers evaluated metros based on population growth, housing construction, job growth, earnings and business activity.  The report found southern cities continue to dominate the rankings, with Charlotte, Tampa, Jacksonville, Orlando and Nashville all in the national top ten.  


 

AM Business Notebook 

For: September 8, 2026 

>>Holiday-Shortened Trading Week Begins 

(New York, NY)  --  The opening bell rings this morning as Wall Street kicks off a holiday-shortened trading week after closing out last week in the red.  Stocks fell Friday after a strong August jobs report raised the odds of a Federal Reserve rate hike.  At the closing bell, the Dow Jones Industrial Average lost 271 points to 53-414.  The S&P 500 fell 29 points to 77-18.  The Nasdaq dropped 77 points to 26-506.  Markets were closed Monday for the Labor Day holiday.

 

>>Economic Reports On The Horizon   

(Undated)  --  Coming up this week, noteworthy economic reports start rolling in today with the latest data on consumer credit and the National Federation of Independent Business' Index of Small Business Optimism.  Looking ahead to Thursday and the numbers on weekly jobless claims will be released along with the Producer Price Index and existing homes sales data.  The week comes to a close with Friday's Consumer Price Index and a look at the University of Michigan's preliminary consumer sentiment survey.

 

>>Canada's Retaliatory Tariffs Kick In 

(Ottawa)  --  Canada's new tariffs on billions of dollars in American goods are now in effect, escalating the trade fight with the U.S.  The tariffs kicked in just after midnight and range from 15 to 50 percent, covering some 27 billion dollars in U.S. imports.  They target products including steel, dairy, appliances, farm equipment, electronics and paper products.  Canada says the tariffs are in response to the 50-percent duties imposed by President Trump on Canadian goods.  The move comes as tensions between President Trump and Canadian Prime Minister Mark Carney continue to rise, with trade talks stalled.

 

>>Gas Prices High, But Holding Steady 

(Undated)  --  Gas prices remain high with the long holiday weekend now in the rearview mirror.  The average price for a gallon of regular unleaded is four-dollars-and-15-cents, according to Triple-A, same as yesterday.  Prices at the pump are highest in California where drivers are paying an average of five-86 a gallon.

 

>>Apple To Host Launch Event This Week

(Cupertino, CA)  --  Apple's next launch event is a day away.  It marks the first launch event under new CEO John Ternus.  Analysts anticipate the company will announce the latest iPhones and Apple Watches.  That could include Apple's first-ever folding phone.  The event is set for Wednesday at Apple's headquarters in Cupertino, California.

 

>>Hunter Biden Launching Meme Coin

(Undated)  --  Hunter Biden says he's launching a new meme coin called $LAPTOP [[ laptop ]], a nod to the long-running political controversy surrounding former President Biden's son and his personal laptop.  The debut, first reported by the Wall Street Journal, was teased with a video montage of news clips and political commentary referencing the device.  The token launches Wednesday. 

 

>>German Rocket Reaches Orbit In Europe's First Commercial Launch

(Undated)  --  A German startup says satellite deployments will rapidly expand following the first orbital launch of its privately-developed Spectrum rocket from a Norwegian spaceport in the Arctic Circle.  Isar [[ Ee-zar ]] Aerospace's uncrewed space rocket helped achieve a milestone over the weekend for Europe's efforts to secure independent access to space, as it became the first commercial rocket to reach orbit from continental Europe.  Spectrum carried five small satellites along with an in-flight technology experiment.  This comes 18 months after Isar's first rocket dropped into the sea and exploded after blasting off from the same site.


 

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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