Elon's $25 Trillion Confession

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

AP Business News Digest

CALEIGH WELLS
September 18, 2025

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

US--American Express-Platinum Card

American Express Platinum Card gets pricier and adds new perks, including a $400 dining credit

SUMMARY: American Express' latest update to its high-end Platinum Card, unveiled Thursday, comes with a lot more perks and a lofty annual fee of $895. The card now includes a $400 dining credit and a $600 hotel credit, up from $300, among other benefits. The $200 increase in the annual fee may pressure cardholders to decide whether to keep the Platinum Card or another high-fee card like Chase's Sapphire Reserve. The Platinum Card remains popular, but faces competition from other high-reward cards. AmEx emphasizes the value of its perks, totaling roughly $3,500, and aims to offer benefits that exceed the annual fee.

WORDS: 878 - MOVED: 09/18/2025 7:00 a.m. EDT

https://newsroom.ap.org/detail/AmericanExpressPlatinumCardgetspricierandaddsnewperksincludingadiningcredit/79d024a08941a14d6afed5a77621d8d5/text

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Nvidia-Intel

Nvidia to invest $5 billion in Intel; companies will work together on AI infrastructure and PCs

SUMMARY: Nvidia announces a new partnership with Intel to work on custom data centers and personal computer products. Nvidia is also investing $5 billion in Intel's common stock. The deal is subject to regulatory approvals. The deal comes a month after the U.S. government took a 10% stake in Intel. This agreement provides a lifeline for Intel, which has struggled after missing the shift to mobile computing. Intel has fallen behind amid the artificial intelligence boom that has propelled Nvidia into becoming the world's most valuable company.

WORDS: 550 - MOVED: 09/18/2025 7:30 a.m. EDT

https://newsroom.ap.org/detail/NvidiatoinvestbillioninIntelcompanieswillworktogetheronAIinfrastructureandPCs/73c307d2f6ceccd6854d6666775358f3/text

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Financial-Markets

Wall Street ticks toward another record as Intel and Nvidia rally

SUMMARY: Wall Street is ticking toward more records, led by a rally for tech stocks. The S&P 500 rose 0.4% Thursday and was on track to top its all-time high, which was set at the start of the week. The Dow Jones Industrial Average dipped 17 points, and the Nasdaq climbed 0.8%. Nvidia pushed the market upward after it announced a partnership with Intel to develop custom products for data centers and personal computers. Intel soared toward its best day since 1987. Treasury yields jumped following encouraging reports on the pace of layoffs and other parts of the U.S. economy.

WORDS: 749 - MOVED: 09/18/2025 12:43 a.m. EDT

https://newsroom.ap.org/detail/WallStreettickstowardanotherrecordasIntelandNvidiarally/d3500c7d6ada95757fa9872c77d4c34a/text

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US--Amusement Park Death

Man dies after riding roller coaster at new Florida theme park Epic Universe

SUMMARY: Authorities say a man in his 30s has died after riding a roller coaster at Epic Universe. It's one of the nation's newest amusement parks. Florida authorities say he was found unresponsive on Wednesday and later pronounced dead at a hospital. No further details have been released. Universal Orlando Resorts opened Epic Universe in May. The park features five themed sections and a 500-room hotel. It's the first major theme park to open in Florida since 1999, when Universal Islands of Adventure debuted. The addition of Epic Universe brings the total number of parks at the Florida resort to four.

WORDS: 147 - MOVED: 09/18/2025 9:43 a.m. EDT

https://newsroom.ap.org/detail/MandiesafterridingrollercoasteratnewFloridathemeparkEpicUniverse/851345f89f44e640f93cbf7d929923fc/text

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Climate Choices-Green Rebates

Did you dawdle on that new heat pump or EV? Better move fast to get those tax credits

SUMMARY: Tax incentives that have saved U.S. residents thousands of dollars on home efficiency upgrades, clean energy installations and electric vehicles are expiring this year. That means people who want to take advantage of them before they disappear have to act quickly. Most of the credits expire at the end of the year, including for such things as home energy audits, heat pumps, solar panels and battery storage. And for some things like solar panels, it may be a struggle to find an installer who's not already booked all the way through the end of the year. There's even less time for EV buyers. Those credits expire at the end of September.

WORDS: 872 - MOVED: 09/18/2025 9:28 a.m. EDT

https://newsroom.ap.org/detail/DidyoudawdleonthatnewheatpumporEVBettermovefasttogetthosetaxcredits/cc32cb47fc12b509b342ad9230bb38fc/text

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Federal Reserve-Mortgage Rates

How the Fed's rate cut impacts mortgage rates

SUMMARY: The Federal Reserve just cut its benchmark rate for the first time since last year, but that doesn't guarantee mortgage rates will keep dropping. Mortgage rates have been declining since late July, with the average 30-year mortgage rate at 6.35% last week. However, rates didn't fall last year despite multiple Fed rate cuts. Mortgage rates are influenced by various factors, including the 10-year Treasury yield. While lower rates can boost the housing market, they remain too high for many buyers. Experts suggest buying now if you can afford it, rather than waiting for potentially lower rates.

WORDS: 1157 - MOVED: 09/17/2025 6:28 p.m. EDT

https://newsroom.ap.org/detail/HowtheFedsratecutimpactsmortgagerates/9351815c29cea1e27b531dec88d3e4da/text

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Unemployment Benefits

US jobless aid applications retreat to 231,000 after surging to nearly 4-year high a week earlier

SUMMARY: The number of Americans applying for jobless aid last week retreated significantly after surging to a nearly four-year high a week earlier. U.S. filings for unemployment benefits for the week ending Sept. 13 fell by 33,000 to 231,000, the Labor Department reported Thursday. That's less than the 241,000 analysts surveyed by the data firm FactSet had forecast. The previous week, applications surged to 264,000, their highest level since the week of Oct. 23, 2021. Last week's figure was revised up by 1,000. The total number of Americans collecting unemployment benefits for the previous week of Sept. 6 fell by 7,000 to 1.92 million.

WORDS: 585 - MOVED: 09/18/2025 8:42 a.m. EDT

https://newsroom.ap.org/detail/USjoblessaidapplicationsretreattoaftersurgingtonearlyyearhighaweekearlier/2106a9631d17b6bd9c7a55edcf210837/text

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EU--Turkey-Cyprus

Turkey warns Cyprus' Israeli air defense system could destabilize island

SUMMARY: Turkey is closely monitoring Cyprus' reported purchase of an Israeli air defense system. Turkish officials warn that this move could destabilize the fragile balance on the divided island. Turkish defense ministry officials expressed concerns on Thursday over reports suggesting that an Israeli-made Barak MX system had been delivered to Cyprus. They say Cyprus' ongoing armament efforts threaten peace and stability. The Mediterranean island has been split along ethnic lines since 1974. Turkey views the deployment of the Israeli system as a security threat. Cyprus' plans to deploy Russian-made missiles triggered a standoff with Turkey in 1997.

WORDS: 311 - MOVED: 09/18/2025 8:21 a.m. EDT

https://newsroom.ap.org/detail/TurkeywarnsCyprusIsraeliairdefensesystemcoulddestabilizeisland/01564a406e06f3bdabc798f2b0da6c66/text

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EU--Europe-Russia-Spying

UK, Lithuania and Latvia detain people over allegations of arson and spying for Russia

SUMMARY: British, Lithuanian, and Latvian authorities have detained several people suspected of spying for Russia. London's Metropolitan Police force arrested three people near the U.K. capital on Thursday. Lithuanian prosecutors on Wednesday uncovered a Russia-linked network planning arson attacks across Europe. Latvia's security service detained a man suspected of passing military intelligence to Russia. European security officials have warned of a growing sabotage campaign blamed on Russia. There have been around 80 incidents linked to Russia including arson and sabotage since Moscow's full-scale invasion of Ukraine in February 2022. A joint investigation team has been formed with cooperation from nine countries.

WORDS: 776 - MOVED: 09/18/2025 3:34 a.m. EDT

https://newsroom.ap.org/detail/UKLithuaniaandLatviadetainpeopleoverallegationsofarsonandspyingforRussia/310954263de017ce2c6844e96ef19259/text

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EU--Britain-Economy

Bank of England voices inflation concerns as it holds main UK interest rate at 4%

SUMMARY: The Bank of England has held its main interest rate at 4% as U.K. inflation concerns weigh on policymakers. The decision was widely anticipated. The minutes of the meeting showed that rate-setters were concerned about the path for inflation, which remains stubbornly high. Figures on Wednesday showed inflation held steady at 3.8% in the year to August, double the bank's 2% target. Governor Andrew Bailey said the expectation is that inflation will return to target but that "we're not out of the woods yet, so any future cuts will need to be made gradually and carefully."

WORDS: 413 - MOVED: 09/18/2025 7:03 a.m. EDT

https://newsroom.ap.org/detail/BankofEnglandvoicesinflationconcernsasitholdsmainUKinterestrateat/225d722f5ade89d1579afe2b675f2209/text

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US-SCI--Space Station-Northrop Grumman

Northrop Grumman cargo ship reaches the International Space Station a day late after engine issue

SUMMARY: A supply ship has arrived at the International Space Station after a day's delay due to a premature engine shutdown. Astronauts used the space station's robot arm to pluck Northrop Grumman's Cygnus capsule from orbit Thursday as they soared over Africa. The 11,000-pound shipment should have reached the space station Wednesday, three days after blasting off from Florida. But when the capsule tried to climb higher, its main engine shut down too soon. Engineers traced the problem to an overly conservative software setting.

WORDS: 214 - MOVED: 09/18/2025 8:30 a.m. EDT

https://newsroom.ap.org/detail/NorthropGrummancargoshipreachestheInternationalSpaceStationadaylateafterengineissue/bfee7282cf40a8808dad174c43f803ab/text

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EU--France-Protests

Strikes and protests roil France, pitting the streets against Macron and his new prime minister

SUMMARY: Protesters are hitting France with transport strikes, demonstrations and blockades, targeting the Paris Metro and other sectors. This action opposes President Emmanuel Macron's plans to cut funding for public services. Protests early Thursday in Paris and elsewhere and demonstrations were planned nationwide. Major trade unions are pushing for the abandonment of proposed budget cuts, social welfare freezes, and other measures. These cuts, aimed at reducing France's massive deficit, have triggered the collapse of previous governments. The government has deployed about 80,000 police officers to maintain order. Regional rail lines and the Paris Metro are expected to be severely impacted.

WORDS: 986 - MOVED: 09/18/2025 12:34 a.m. EDT

https://newsroom.ap.org/detail/StrikesandprotestsroilFrancepittingthestreetsagainstMacronandhisnewprimeminister/c2c9e76f59477e653f52102a38aa2080/text

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US-MED--Vaccines-CDC

Kennedy's advisory panel is expected to vote on hepatitis B and MMRV vaccines

SUMMARY: Health Secretary Robert F. Kennedy Jr.'s new vaccine advisory committee is set to meet for a two-day session. The focus is on vaccines for COVID-19, hepatitis B, and chickenpox. Votes are expected Thursday on hepatitis B and a combined shot for measles, mumps, rubella, and chickenpox. The committee may reconsider the recommendation for hepatitis B vaccines at birth. And the chairperson already has suggested not giving the MMRV combination shot to children under 4. Some experts are concerned about revisiting these recommendations without new safety data. The committee will make COVID-19 vaccine recommendations on Friday.

WORDS: 665 - MOVED: 09/18/2025 7:02 a.m. EDT

https://newsroom.ap.org/detail/KennedysadvisorypanelisexpectedtovoteonhepatitisBandMMRVvaccines/21623ff8ead38ae1b21db488ee82a1f8/text

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US--Philanthropy-Open Society Foundations

George Soros' philanthropy reaches for new ideas as it grapples with the limits of its power

SUMMARY: The family philanthropy of hedge fund billionaire George Soros has consistently been one of the largest funders of human rights organizations around the world. But what that means has changed in recent years, with a new focus on addressing inequality. Leonard Benardo is senior vice president at Open Society Foundations. He said the new emphasis comes from a recognition that inequality erodes democracy. He said the foundations continue to also support key parts of the human rights ecosystem. But that the rise of authoritarianism has forced them to grapple with the limits of what they foundations can achieve.

WORDS: 1186 - MOVED: 09/18/2025 8:07 a.m. EDT

https://newsroom.ap.org/detail/GeorgeSorosphilanthropyreachesfornewideasasitgrappleswiththelimitsofitspower/f958deafbcc16b9a36f37887f1909556/text

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AS--China-Huawei

How Huawei plans to outperform global tech leaders with less powerful chips

SUMMARY: Huawei Technologies has announced plans to launch what it says will be the world's most powerful AI computing clusters over the next two years. The company aims to surpass global leaders using domestic semiconductors. China is pushing to develop its own tech as the U.S. restricts chip sales to the country. Huawei revealed its new "superpods," interconnected computers combining thousands of chips, at a conference in Shanghai. The Atlas 950 SuperPoD is set for release in late 2026, followed by the Atlas 960 in 2027. Huawei's strategy involves creating new computing architectures to overcome the lack of access to the most advanced semiconductors.

WORDS: 440 - MOVED: 09/18/2025 6:22 a.m. EDT

https://newsroom.ap.org/detail/HowHuaweiplanstooutperformglobaltechleaderswithlesspowerfulchips/1835ff00671858955f482f10122600f2/text

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AS--Afghanistan-Earthquake

'Race against time' to remove rubble after recent earthquake in Afghanistan's east, says UN

SUMMARY: UN officials say aid workers are still in a "race against time" to remove rubble and rebuild after a devastating earthquake struck eastern Afghanistan east last month. The 6.0-magnitude quake was shallow, destroying or causing extensive damage to low-rise buildings. It struck late at night, killing at least 2,200 people. The United Nations Development Program said on Wednesday that satellite data shows that about 40,500 truckloads of debris still needs to be cleared from affected areas in several provinces. A Taliban government official said on Thursday that the main demands of the people in the area were the reconstruction of houses and water supplies.

WORDS: 372 - MOVED: 09/18/2025 6:22 a.m. EDT

https://newsroom.ap.org/detail/RaceagainsttimetoremoverubbleafterrecentearthquakeinAfghanistanseastsaysUN/e4919a24cd0031d477e3bfb56540ef9e/text

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US--Federal Reserve-Independence

Federal Reserve shows unexpected unity, independence as it weathers Trump's attacks

SUMMARY: The Federal Reserve's nearly-unanimous decision Wednesday to reduce its key interest rate was seen by many observers as a quiet show of unity and independence amid President Donald Trump's relentless pressure for steeper cuts and his unprecedented effort to fire a top Fed official. Many Fed-watchers expected a contentious two-day meeting this week, with the economy's future uncertain and a Trump appointee hastily added to the board just hours before the meeting began. Instead, just one official dissented from the Fed's decision to reduce its rate by a quarter-point.

WORDS: 873 - MOVED: 09/17/2025 8:14 p.m. EDT

https://newsroom.ap.org/detail/FederalReserveshowsunexpectedunityindependenceasitweathersTrumpsattacks/dbd197ba501ac0b6ab0b47e079eedddb/text

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EU--Italy-Big Infrastructure

How 4 key infrastructure projects centered in Italy will reshape the European travel map

SUMMARY: Workers have started drilling the first tunnel connecting Austria to Italy under the Brenner Pass. This marks a major milestone in the EU's ambitious projects to boost train travel and shift freight from roads to rails. The Brenner Base Tunnel, set to be the world's longest underground rail tunnel, is one of four key projects aiming to reshape Italian travel and shipping by the early 2030s. These projects will significantly cut travel times between major cities and reduce truck traffic on highways. Italy's rail network also has 40 other strategic projects in progress, funded by EU recovery funds.

WORDS: 809 - MOVED: 09/18/2025 4:26 a.m. EDT

https://newsroom.ap.org/detail/HowkeyinfrastructureprojectscenteredinItalywillreshapetheEuropeantravelmap/66ac44bb4ff4cf4c76bf600ac9b00a78/text

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AF--Ghana-Women-Oyster Farming

In coastal Ghana, female oyster farmers try to save an old practice threatened by climate change

SUMMARY: In Ghana, women are struggling to sustain oyster farming, a key livelihood in coastal mangroves. Hundreds of women were trained in farming methods for oysters, including mangrove planting and preservation, and selective oyster harvesting, to lessen the impact of climate change. But U.S. aid cuts ended one such program, run by the Development Action Association that trained women in eco-friendly practises. Despite this, efforts to protect mangroves are showing results even as mangrove depletion forces farmers to dive deeper for oysters.

WORDS: 740 - MOVED: 09/18/2025 1:16 a.m. EDT

https://newsroom.ap.org/detail/IncoastalGhanafemaleoysterfarmerstrytosaveanoldpracticethreatenedbyclimatechange/21eeb251dbd0006e3da743c52e4a4e3d/text

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US--Meta-Connect

Meta unveils AI-powered smart glasses with display and neural wristband at Connect event

SUMMARY: Meta's newest artificial-intelligence powered smart glasses include a tiny display and can be controlled by a neural wristband that lets you control it with barely perceptible movements. CEO Mark Zuckerberg continues to evangelize the glasses as the next step in human-computer interactions -- beyond keyboards, touch screens or a mouse. The glasses, called Meta Ray-Ban Display, will be available in the coming weeks.

WORDS: 617 - MOVED: 09/17/2025 6:55 a.m. EDT

https://newsroom.ap.org/detail/MetaunveilsAIpoweredsmartglasseswithdisplayandneuralwristbandatConnectevent/250fdea4b876ef79457c488a4aca2862/text

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US-Congress-Budget

Republican leaders reject Democratic health care demands for bill to avoid shutdown

SUMMARY: Republican leaders in the House and Senate are rejecting Democratic demands for health care subsidies in a bill to avoid a government shutdown. Republican Senate Majority Leader John Thune said Democrats "have a choice to make" as the Sept. 30 deadline approaches. But Democrats said it wasn't enough, releasing a counterproposal late Wednesday even as Thune and House Speaker Mike Johnson said they wouldn't consider it. If the government does shut down on Oct. 1, most federal agencies will close and millions of federal employees won't receive paychecks. Republicans are proposing a bill to keep federal agencies funded through Nov. 21.

WORDS: 817 - MOVED: 09/17/2025 4:02 p.m. EDT

https://newsroom.ap.org/detail/RepublicanleadersrejectDemocratichealthcaredemandsforbilltoavoidshutdown/0c1973b2d0aad76aa5a3ec3749965edd/text

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EU--Russia-Ukraine-War

Ukraine expects $3.5 billion fund for US weapons to sustain fight against Russia, Zelenskyy says

SUMMARY: Ukraine expects to have a $3.5 billion fund by next month to buy weapons from the U.S. and sustain its fight against Russia's invasion. President Volodymyr Zelenskyy announced the amount Wednesday. The fund is known as the Prioritized Ukraine Requirements List. It pools contributions from NATO members excluding the U.S. to purchase American weapons. Zelenskyy mentioned that the first shipments will include missiles for Patriot air defense systems and munitions for HIMARS. A U.S.-Ukraine fund to boost investments in Ukraine's mineral sector is also set to launch with $150 million. This fund aims to spur reconstruction and military aid.

WORDS: 478 - MOVED: 09/17/2025 12:01 p.m. EDT

https://newsroom.ap.org/detail/UkraineexpectsbillionfundforUSweaponstosustainfightagainstRussiaZelenskyysays/86894a9ce6c86cede42d1adca8569d5e/text

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Climate Choices-Lawns-Water Saving

Move over, green lawns. Drier, warmer climate boosts interest in low-water landscaping

SUMMARY: America loves its green lawns. Roughly one-third of water used in U.S. homes is used outdoors, with much of that going to irrigate landscaping dominated by grass. But prolonged drought in Western states has challenged ideas about the "ideal" outdoor aesthetic. Some people are turning to xeriscaping, a term for low-water gardening that often depends on using native and drought-tolerant plants. Reducing lawn irrigation not only cuts water. It also can mean less pesticide and fertilizer washing into waterways. And replacing grass with native plants improves habitat for birds, butterflies and insects that are all critical to our food web.

WORDS: 990 - MOVED: 09/17/2025 9:09 a.m. EDT

https://newsroom.ap.org/detail/MoveovergreenlawnsDrierwarmerclimateboostsinterestinlowwaterlandscaping/5ca264553e246c15b3ac36f9d795da6f/text

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US--Federal Reserve

Federal Reserve cuts key rate for first time this year

SUMMARY: The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market. The move is the Fed's first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The only dissenter was Stephen Miran, the recent Trump-appointee.

WORDS: 1000 - MOVED: 09/16/2025 6:11 p.m. EDT

https://newsroom.ap.org/detail/FederalReservecutskeyrateforfirsttimethisyear/2d05401d7c9cb2393925f494aac71d89/text

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US--Central Park-Horse Carriages

NYC mayor throws support behind bill to ban Central Park horse carriages

SUMMARY: New York City's mayor has thrown his support behind a proposal to end the horse-drawn carriages that have been fixtures in Central Park for more than 150 years, citing safety concerns. Mayor Eric Adams also issued an executive order on Wednesday ordering police to "prioritize enforcement" against horse-drawn carriages operating outside their legally designated areas in order to illegally solicit fares or impede traffic or bike lanes. The Democrat's comments come after the storied park's overseers, the Central Park Conservancy, announced in August they were also backing a ban over safety concerts. Animal rights groups have long called for ending the industry.

WORDS: 621 - MOVED: 09/17/2025 5:13 p.m. EDT

https://newsroom.ap.org/detail/NYCmayorthrowssupportbehindbilltobanCentralParkhorsecarriages/1aef5ed26e9046c5a12a692fc9c98c1c/text

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US--Ben & Jerry's-Co-Founder-Quits

Jerry quits Ben & Jerry's, saying its independence on social issues has been stifled

SUMMARY: Ben & Jerry's co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled. Co-founder Ben Cohen posted Greenfield's letter on social media platform X on Greenfield's behalf. Greenfield said that he felt the independence the brand had to speak on social issues and events was lost to Unilever. A spokesperson for The Magnum Ice Cream Company says it will be forever grateful to Greenfield for his contributions to Ben & Jerry's, but it is not aligned with his viewpoint.

WORDS: 1204 - MOVED: 09/17/2025 6:42 a.m. EDT

https://newsroom.ap.org/detail/JerryquitsBenJerryssayingitsindependenceonsocialissueshasbeenstifled/9ed945056cd243ca459d130d9933ee62/text

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US--StubHub-IPO

Ticket marketplace StubHub slips on the public stage in its trading debut on Wall Street

SUMMARY: StubHub received a lackluster reception on Wall Street Wednesday. The ticket marketplace saw its stock fall 2% from its initial public offering price of $23.50 per share on its first day of trading. The company's shares trade on the New York Stock Exchange under the symbol "STUB." StubHub, which is based in New York, said buyers in more than 200 countries and territories used its platform to purchase more than 40 million tickets in 2024. It was co-founded in 2000 by current CEO, Eric Baker. He will remain CEO and maintain control of the company.

WORDS: 478 - MOVED: 09/17/2025 6:35 a.m. EDT

https://newsroom.ap.org/detail/TicketmarketplaceStubHubslipsonthepublicstageinitstradingdebutonWallStreet/25830a87e10f46426a55879c689f4896/text

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Financial Markets-Box

How major US stock indexes fared Wednesday, 9/17/2025

SUMMARY: U.S. stocks churned between gains and losses, but they ultimately remained near their record levels. The S&P 500 fell 0.1% Wednesday and hung near its record set at the start of the week. The Dow Jones Industrial Average rose 260 points, or 0.6%, while the Nasdaq composite fell 0.3%. Stocks initially rose and bond yields fell after officials at the Federal Reserve indicated they may cut interest rates several more times by the end of 2026. But they snapped back after Fed Chair Jerome Powell warned not to take the projections as gospel.

WORDS: 257 - MOVED: 09/17/2025 4:21 p.m. EDT

https://newsroom.ap.org/detail/HowmajorUSstockindexesfaredWednesday/0566775ca46fe0f0bdd834106a8fb120/text

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Financial Markets

US stocks churn amid uncertainty about how many more rate cuts are coming from the Fed

SUMMARY: U.S. stocks churned between gains and losses, but they ultimately remained near their record levels. The S&P 500 fell 0.1% Wednesday and hung near its record set at the start of the week. The Dow Jones Industrial Average rose 260 points, or 0.6%, while the Nasdaq composite fell 0.3%. Stocks initially rose and bond yields fell after officials at the Federal Reserve indicated they may cut interest rates several more times by the end of 2026. But they snapped back after Fed Chair Jerome Powell warned not to take the projections as gospel.

WORDS: 820 - MOVED: 09/16/2025 11:26 p.m. EDT

https://newsroom.ap.org/detail/USstockschurnamiduncertaintyabouthowmanymoreratecutsarecomingfromtheFed/6e5712b588ec400b261db84a61fd4262/text

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US--Times Square-Caesars Casino

Broadway opposition brings the curtain down on a planned Times Square casino backed by Jay-Z

SUMMARY: A proposed Caesars Palace casino in Times Square that's backed by Jay-Z has lost its bid for a lucrative New York City-area gambling license amid fierce opposition from the Broadway theater industry. A state-commissioned community advisory committee on Wednesday rejected the $5.4 billion plan to redevelop an office tower into a Caesars-branded hotel, gambling and entertainment complex. Local board approval was required for the proposal to be considered by the state Gaming Commission. Developers envisioned the Caesars gambling hall becoming one of the world's preeminent resort casinos. But Broadway theater owners and producers said it would destroy their industry.

WORDS: 899 - MOVED: 09/17/2025 11:44 a.m. EDT

https://newsroom.ap.org/detail/BroadwayoppositionbringsthecurtaindownonaplannedTimesSquarecasinobackedbyJayZ/8c8ead47036fd1775be8b582e1e031d9/text

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US--Financial Wellness-Federal Reserve

What the Fed rate cut will mean for your finances

SUMMARY: The Federal Reserve has cut its benchmark interest rate for the first time in nine months. Since the last cut, progress on inflation has slowed while the labor market has cooled and Wall Street has rallied. That means Americans are dealing with both high prices and a challenging job market. The federal funds rate, set by the Federal Reserve, is the rate at which banks borrow and lend to one another. The rates that consumers pay to borrow money aren't directly linked to this rate. But shifts in Fed policy affect what people pay for credit cards, auto loans, mortgages, and other financial products.

WORDS: 904 - MOVED: 09/17/2025 12:30 p.m. EDT

https://newsroom.ap.org/detail/WhattheFedratecutwillmeanforyourfinances/dbfb08190a6392dbd745f7cc863061cb/text

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US-MED--Food Dye-Orange B

FDA proposes ban on Orange B, a food dye not used for decades

SUMMARY: The U.S. Food and Drug Administration is proposing to remove the food dye Orange B from the U.S. food supply. Officials say Wednesday that they will seek to revoke the authorization of the synthetic color, which has been used in sausage casings and frankfurters. No batches of the dye have been certified or asked to be used since 1978. The move follows the FDA's decision ban the dye Red dye No. 3 in January and a push by the Trump administration to pressure top food manufacturers to voluntarily remove synthetic dyes from foods for health reasons.

WORDS: 422 - MOVED: 09/17/2025 1:43 p.m. EDT

https://newsroom.ap.org/detail/FDAproposesbanonOrangeBafooddyenotusedfordecades/5dd1b1665b2101738055c6921337f3b2/text

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EU--Migration-UNHCR

UNHCR official warns that the 1951 refugee convention is increasingly under threat

SUMMARY: The U.N. refugee agency says that governments around the world are increasingly undermining the global convention on refugees and asylum-seekers even threatening its very existence. Wednesday's stark warning by the UNHCR came on the 75th anniversary of the U.N. Refugee Convention. The agreement is a 1951 document that defines who refugees are and outlines the responsibilities of countries hosting them. Many countries have moved to suspend applications for asylum. The United States has sought bilateral deals with third countries especially in Africa to deport migrants.

WORDS: 648 - MOVED: 09/17/2025 7:42 a.m. EDT

https://newsroom.ap.org/detail/UNHCRofficialwarnsthattherefugeeconventionisincreasinglyunderthreat/54c6cb76a18a97bec3eac944d8baf9d5/text

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US--Amazon-Pay

Amazon spends $1 billion to increase pay and lower health care costs for US workers

SUMMARY: Amazon says it's making a $1 billion investment to raise wages and lower the cost of health care plans for its U.S. fulfillment and transportation workers. The Seattle-based company said Wednesday that the average pay is increasing to more than $23 per hour and said that some of its most tenured employees will see an increase between $1.10 and $1.90 per hour and full-time employees, on average, will see their pay increase by $1,600 per year. Amazon also said it was lowering the cost of its entry health care plan to $5 per week and $5 for co-pays, starting next year. Amazon said that will reduce weekly contributions by 34% and co-pays by 87% for primary care, mental health and most non-specialist visits for employees using the basic plan.

WORDS: 316 - MOVED: 09/17/2025 11:17 a.m. EDT

https://newsroom.ap.org/detail/AmazonspendsbilliontoincreasepayandlowerhealthcarecostsforUSworkers/b84765504943e19aecdfc52705659372/text

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EU--Europe-Israel

EU lays out new tariffs and sanctions on Israel over war in Gaza

SUMMARY: The European Union has announced its toughest plan yet to pressure Israel to end the war in Gaza. The proposal includes increasing tariffs on some Israeli goods and imposing sanctions on 10 Hamas leaders, Israeli settlers, and two members of Prime Minister Netanyahu's cabinet. The EU is Israel's largest trading partner, so the tariffs might have significant effects on Israel's economy. Israeli Foreign Minister Gideon Saar has vowed that Israel will resist the European campaign. The EU is divided over the war, and it's unclear if a majority will support the sanctions and trade measures.

WORDS: 700 - MOVED: 09/17/2025 8:06 a.m. EDT

https://newsroom.ap.org/detail/EUlaysoutnewtariffsandsanctionsonIsraeloverwarinGaza/94aa802ef07e2483b06724800c5c0238/text

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Homes-Sharing Resources

Neighbors help neighbors with resources like clothing swaps, community fridges

SUMMARY: Clothing swaps, community fridges, Little Free Libraries. All are part of a movement in some communities to share resources. The goals of this swapping and sharing are to cut costs and waste and to build community. A large clothing swap in Portland, Oregon, charges a $10 entry fee to cover costs, but the clothes are all free. The swap attracts hundreds of people, and even has a DJ and two full bars. Another initiative is community fridges to share extra food. For example, a group of mostly volunteers in Richmond, Virginia, runs 14 fridges and offers other programs to bring fresh food to people who need it. Another initiative is the Little Free Libraries across the country that encourage the sharing of books.

WORDS: 944 - MOVED: 09/17/2025 11:44 a.m. EDT

https://newsroom.ap.org/detail/Neighborshelpneighborswithresourceslikeclothingswapscommunityfridges/b23a9926f8d814496187c3feba555c88/text

___

US-Waymo-Lyft-Nashville

Waymo's robotaxi expansion will get a Lyft in Nashville next year

SUMMARY: Robotaxi leader Waymo's driverless vehicles will begin transporting passengers in Nashville, Tennessee, next year with Lyft instead of its recent ride-hailing partner Uber. The plan calls for ride requests to initially be limited to Waymo's mobile app before expanding to Lyft's app later next year. Waymo's announcement Wednesday means its robotaxis will now be available on the apps of the two largest ride-hailing services in the U.S. Waymo is already dispatching its robotaxis through Uber in Atlanta and Austin, Texas.

WORDS: 390 - MOVED: 09/16/2025 5:34 p.m. EDT

https://newsroom.ap.org/detail/WaymosrobotaxiexpansionwillgetaLyftinNashvillenextyear/ddfde5e79b7772b90f31ea72dd4a2c63/text

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SCI--Space Station-Northrop Grumman

Engine trouble forces Northrop Grumman to delay supply delivery to International Space Station

SUMMARY: A newly launched supply ship has run into engine trouble that is preventing it from reaching the International Space Station. Northrop Grumman's capsule rocketed into orbit Sunday from Florida aboard SpaceX. But less than two days later, the capsule's main engine shut down prematurely while trying to boost its orbit. The Cygnus capsule was supposed to dock Wednesday. But NASA says everything is on hold while flight controllers consider an alternate plan. The capsule holds 11,000 pounds of cargo for the seven space station residents.

WORDS: 212 - MOVED: 09/17/2025 10:14 a.m. EDT

https://newsroom.ap.org/detail/EnginetroubleforcesNorthropGrummantodelaysupplydeliverytoInternationalSpaceStation/1c616fa4fb267c2f5bd4306095515e3f/text

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<END>

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