AP Business Digest
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.
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NEW AND DEVELOPING
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US--TRUMP-CHINA
The US says a deal has been reached on TikTok, but details are sparse
SUMMARY: A framework deal has been reached for the ownership of popular social video platform TikTok, U.S. Treasury Secretary Scott Bessent said after weekend trade talks between the U.S. and China in Spain. That followed a social media post by President Donald Trump that said a meeting between U.S. and Chinese officials went well and that a deal was reached regarding "a 'certain' company" young people in the U.S. "very much wanted to save." The Republican president has repeatedly extended the deadline on TikTok's fate and was noncommittal on an agreement when asked by reporters on Sunday evening. Trump also says he'll be speaking on Friday with Chinese leader Xi Jinping. China hasn't confirmed Trump's statements.
WORDS: 624 - MOVED: 09/15/2025 10:24 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:b2621f7554d4a45eef83d05b4b958034&mediaType=text
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TRUMP-QUARTERLY REPORTS
Trump says the US should do away with quarterly earnings reports
SUMMARY: President Donald Trump wants to do away with the quarterly earnings report. In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The SEC has required publicly traded companies to report on a quarterly basis since 1970. Trump asked the Securities and Exchange Commission to examine the three- versus six-month reporting requirement during his first term. No change was made. Last week, the Long Term Stock Exchange said it planned to petition the SEC to do away with the quarterly requirement.
WORDS: 197 - MOVED: 09/15/2025 10:01 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:cd5fbed69b72e7525848bc11109d0d35&mediaType=text
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FINANCIAL MARKETS
Wall Street ticks toward another record as Tesla vrooms higher
SUMMARY: Wall Street is ticking toward another record. The S&P 500 climbed 0.4% Monday and was on track to squeak past its latest all-time high set last week. The Dow Jones Industrial Average added 43 points, and the Nasdaq composite climbed 0.5%. Tesla jumped after Elon Musk bought stock worth roughly $1 billion in it, potentially signaling his faith in the electric vehicle company. The week's main event will arrive Wednesday, when traders expect the Federal Reserve to announce its first cut to interest rates of the year. Perhaps more important will be whether it hints at many more cuts coming, as Wall Street also expects.
WORDS: 597 - MOVED: 09/15/2025 9:51 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:12a418d06e555f7a790ebfc191643cd4&mediaType=text
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US--MUSK-STOCK
Tesla's stock is rising as Elon Musk buys more than 2.5M shares worth about $1B
SUMMARY: Tesla's stock is climbing Monday as CEO Elon Musk disclosed the purchase of more than 2.5 million shares worth approximately $1 billion. Shares of the electric vehicle maker rose more than 5% in morning trading. Musk purchased various amounts of shares at different prices on Friday, according to a regulatory filing. The move may be viewed by the markets as the billionaire remaining confident in the company's future.
WORDS: 385 - MOVED: 09/15/2025 9:41 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:92df133b91c412a94ebbf2dcb9bbefb6&mediaType=text
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US--FORD-NEW HEADQUARTERS
Ford is moving its world headquarters for the first time in 7 decades to a new campus 3 miles away
SUMMARY: Ford is moving its headquarters for the first time in seven decades. The carmaker is relocating to a newly constructed building 3 miles away in its longtime home of Dearborn, Michigan. The new 2.1-million-square-foot structure formally will be called Ford World Headquarters when it opens in November. Ford's current headquarters is colloquially called "The Glass House." It opened in 1956. The new HQ is 5 to 10 minutes away. It is designed to enhance collaboration and innovation by colocating corporate leadership with design and engineering teams. It places 14,000 employees within a 15-minute walk of the main building.
WORDS: 454 - MOVED: 09/15/2025 9:34 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:d096be65f31ae6f1392fa1cc858759f7&mediaType=text
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US--ELECTION 2026-LATINOS
California Democrat turns to TikTok to reach Hispanic voters in governor's race
SUMMARY: A Democratic candidate for governor of California will be giving TikTok a go. The catch is it will be only in Spanish, at least for now. Former Biden administration Health Secretary Xavier Becerra is embracing the popular short-video app to target Spanish-language users. Becerra's campaign and surveys note Hispanics use TikTok in much higher numbers than Black and white people. Becerra's approach in the 2026 California governor's race is part of an effort by Democrats to counter the rightward swing among Latino voters that was seen last year both in red states such as Texas and Florida and blue states such as California, New Jersey and New York.
WORDS: 739 - MOVED: 09/15/2025 9:17 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:0404079d78e59e3d905f7592ad49064e&mediaType=text
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US--FEDERAL RESERVE
The Fed faces economic uncertainty and political pressure as it decides whether to cut rates
SUMMARY: The Federal Reserve is facing economic uncertainty and political pressure as it meets this week to decide whether to cut interest rates. Investors expect the Fed to reduce its benchmark interest rate by a quarter point, to about 4.1%. But it's not even clear which Fed officials will be making the decision. The meeting will likely include embattled governor Lisa Cook unless an appeals court or the Supreme Court rules in favor of an effort by President Donald Trump to remove her from office. And it's not yet clear whether Trump nominee Stephen Miran will be approved in time to join.
WORDS: 984 - MOVED: 09/15/2025 8:46 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:164fdc130275c0df17562273e1042bfe&mediaType=text
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CHINA-NVIDIA
Nvidia violated antimonopoly laws, China says
SUMMARY: Chinese regulators say a preliminary investigation found Nvidia violated anti-monopoly laws. The State Administration for Market Regulation also said Monday it would carry out further investigation into Nvidia's acquisition of Mellanox. Nvidia has not yet commented. The investigation adds pressure on the U.S. as trade talks between representatives from Washington and Beijing meet for trade talks this week in Spain. The announcement comes after China said over the weekend it has opened an anti-dumping investigation into the U.S. semiconductor sector.
WORDS: 406 - MOVED: 09/15/2025 8:35 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:be817903c4b92a2569f2bfa57597956e&mediaType=text
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EU--SPAIN-SANTIAGO-OVERTOURISM
Pilgrims turn Spain's Santiago de Compostela into the world's latest overtourism flashpoint
SUMMARY: Residents of Santiago de Compostela are struggling with overtourism. A neighborhood association has tried to address the issue by distributing a guide to good manners for visitors. Despite these efforts, the city remains overwhelmed by large groups of tourists and not all are well-behaved. The influx has driven up rent prices and pushed out longtime residents. The historic center has lost about half its permanent population since 2000. A ban on short-term rentals in the city's historic center has been enacted, but some are reportedly ignoring the restriction. Many locals are growing frustrated.
WORDS: 1064 - MOVED: 09/15/2025 4:24 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:869ca346e84fe13805583cc33b804f18&mediaType=text
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AS--AUSTRALIA-BANK-FINE
Australian bank ANZ agrees to pay record $160M penalty for corporate misconduct
SUMMARY: One of Australia's largest banks has agreed to pay a record $160 million in penalties for corporate misconduct. The penalties announced Monday against ANZ involve misconduct affecting almost 65,000 customers and the federal government. The Australian Securities and Investments Commission and ANZ will ask a federal court to endorse the penalties for four separate prosecutions. The fines would set a new record for corporate misconduct penalties in Australia. ANZ has admitted to failing to refund charges to deceased customers and not responding to customer hardship notices. ANZ CEO Nuno Matos has pledged improvements to customer care.
WORDS: 292 - MOVED: 09/15/2025 3:14 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:4812e537934811d9acaf172a685d18df&mediaType=text
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ML--MIDEAST-WARS-QATAR
Qatar denounces Israel before major summit on Israel's attack in Doha targeting Hamas leaders
SUMMARY: Qatar's prime minister has denounced Israel as Arab and Muslim foreign ministers are meeting to discuss a unified response to Israel's attack on Doha. Sheikh Mohammed bin Abdulrahman Al Thani is also Qatar's foreign minister and he made these comments before a meeting scheduled for Monday. He said Sunday that Qatar remains committed to working with Egypt and the United States for a ceasefire in the Israel-Hamas war. But he stressed the need for consequences for Israel's attacks in the Middle East. Israeli Prime Minister Benjamin Netanyahu has defended the strike. He has accused Hamas leaders in Qatar of blocking ceasefire attempts.
WORDS: 630 - MOVED: 09/15/2025 1:52 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:538e05733e1e05bc0252a5e3b7a78f1c&mediaType=text
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ENT--FILM-BOX OFFICE
'Demon Slayer: Infinity Castle' opens to $70M, biggest anime debut to claim top box-office spot
SUMMARY: "Demon Slayer: Kimetsu no Yaiba - Infinity Castle" carved out a place in box office history this weekend, slicing straight to No. 1 to outpace the horror sequel "The Conjuring: Last Rites." The Sony-owned Crunchyroll release shattered expectations with a mighty $70 million debut in North America, according to Sunday estimates from Comscore. That haul marks the biggest domestic opening ever for an anime film, surpassing "Pokémon: The First Movie," which opened with $31 million in 1999. The film also opened in 49 international markets, earning a global total so far of $178 million. "The Conjuring: Last Rites" took the No. 2 spot at the box office, earning $26 million in North America.
WORDS: 723 - MOVED: 09/15/2025 1:15 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:8937f757557c7b64b71d2074e64a2c5b&mediaType=text
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