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.
--------------------
NEW AND DEVELOPING
--------------------
NVIDIA-RESULTS
Nvidia's earnings report will help to show whether the AI boom is overhyped or gaining steam
SUMMARY: Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that's still gathering momentum. Nvidia become the first publicly traded company to surpass a market value of $4 trillion last month, and its stock price has gained another 13% since then to create an additional $500 billion in shareholder wealth. Nvidia's financial results have become a key AI barometer during the past two years because Nvidia makes most of the chips that power the technology in vast data centers at the center of the boom.
WORDS: 691 - MOVED: 08/27/2025 6:35 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:42657a49554bf35fb12fdf48c02287d2&mediaType=text
FINANCIAL MARKETS
Wall Street holds steady as the market awaits Nvidia's quarterly report
SUMMARY: Wall Street is holding steady at the open of trading ahead of a highly anticipated earnings update from Nvidia. The S&P 500 rose less than 0.1% Wednesday and the Nasdaq composite slipped 0.2%. The Dow gained 87 points, or 0.2%. Investors see Nvidia's quarterly report, coming after the bell, as a barometer for the strength of the boom in artificial intelligence because the company makes most of the chips that power the technology. Cracker Barrel shares rose 5.2% after it scrapped plans to change its logo following an uproar on social media that even drew a comment from President Trump. Global stock markets were mixed.
WORDS: 589 - MOVED: 08/27/2025 10:08 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:439aecc08fd134cca14c66eabaa01e93&mediaType=text
___
MED--BE WELL-NA DRINKS
Nonalcoholic beer and mocktails can help people stay sober or drink less, but are not for everyone
SUMMARY: Nonalcoholic beverages are taking off. Consumers include people recovering from addiction, those trying to cut down on their drinking and the rising numbers of young adults forgoing alcohol altogether. Retail sales of nonalcoholic wine, beer and spirits surged to $823 million last year. The booming industry reflects a shift in the scientific consensus around alcohol. Recent research shows that drinking less, or nothing at all, is healthier than drinking more. Alcohol has been linked to cancers, injuries, cardiovascular disease and a host of other problems. Still, health experts say NA beverages aren't for everyone, especially if they might trigger cravings for alcohol.
WORDS: 940 - MOVED: 08/27/2025 9:54 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:294a5de375fc7798c98a5b64691ed6f0&mediaType=text
___
US--FEDERAL-RESERVE-ENFORCER
Trump foes like Fed Governor Lisa Cook find themselves targeted by top housing regulator
SUMMARY: Bill Pulte, the country's top housing regulator, has been using his position to target President Trump's political enemies. He has accused them of mortgage fraud and encouraged investigations. This week, Trump used Pulte's allegations to attempt to fire Lisa Cook from the Federal Reserve board of governors. Cook plans to fight her removal. Pulte has also targeted other Democrats but ignored similar cases involving Republicans. His actions align with Trump's efforts to pressure opponents using federal power. Pulte, a housing industry scion, has a history of political donations to Trump and his allies.
WORDS: 1384 - MOVED: 08/27/2025 9:49 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:00d9bf828f824eceda7b30f704d1de71&mediaType=text
___
US--DC-FEDERAL INTERVENTION-UNION STATION
Trump extends control over Washington by taking management of Union Station away from Amtrak
SUMMARY: Transportation Secretary Sean Duffy says his department is taking management of Washington's main transportation hub away from Amtrak, in another example of how the federal government is exerting its power over the nation's capital. Duffy made the announcement Wednesday as he joined Amtrak President Roger Harris at Union Station for the launch of a new high-speed train. Duffy says Union Station has "fallen into disrepair." Duffy echoes President Donald Trump, who says he wants $2 billion from Congress to beautify Washington as part of his crackdown on the city. The Republican president has sent National Guard troops into Washington to fight violent crime. Local police statistics show violent crime in Washington has declined in recent years.
WORDS: 370 - MOVED: 08/27/2025 9:47 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:8c1f5d00ab7591f3f021cf4a9ee8d8e2&mediaType=text
___
US--CRACKER BARREL-LOGO
Cracker Barrel is keeping its old-time logo after new design elicited an uproar
SUMMARY: Cracker Barrel said late Tuesday it's returning to its old logo after critics -- including President Donald Trump -- protested the company's plan to modernize. In a post on its website, Cracker Barrel said it will retain its old logo, which features an older man in overalls sitting next to a barrel and the words "Old Country Store." The tempest over the logo began last week, when the company announced plans for a simplified design featuring only the company's name. Lebanon, Tennessee-based Cracker Barrel made the change as part of a wider plan to modernize its restaurants and appeal to younger customers. But many fans protested the move.
WORDS: 455 - MOVED: 08/27/2025 9:28 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:8b496da282deef3d8d0618c3f9f4db46&mediaType=text
___
SCI--SPACEX-STARSHIP
Latest launch of SpaceX's Starship deploys 8 dummy satellites, then splashes down into Indian Ocean
SUMMARY: SpaceX has launched its latest test of the mega rocket Starship. It included the first-ever deployment of a test payload into space. Starship blasted off from SpaceX's launch site in Texas on Tuesday evening. The Starship launched eight dummy satellites into space before splashing down as planned in the Indian Ocean. It was the 10th demo test for the world's biggest and most powerful rocket. It also included the successful return of the craft's booster, which splashed down in the ocean. SpaceX hopes to use Starship for future moon and Mars missions.
WORDS: 340 - MOVED: 08/27/2025 9:19 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:488416a6085cc64d8288d0a025602f28&mediaType=text
___
US-EV BATTERIES-UNION VOTE
Unions seek broader foothold in the South as workers vote at an EV battery plant in Kentucky
SUMMARY: Employees will resume casting ballots as a pivotal decision is looming for a Kentucky manufacturing complex that will produce batteries for Ford electric vehicles. The issue is whether to join the United Auto Workers and expand the union's footprint in the South and among battery factories. Two days of voting ends Wednesday evening, about a week after production started at the BlueOval SK battery park. It's a nearly $6 billion joint venture between Ford Motor Co. and its South Korean partner, SK On. Hundreds of workers are deciding whether to unionize the complex that sprung up in the tiny community of Glendale -- about an hour south of Louisville.
WORDS: 620 - MOVED: 08/27/2025 8:12 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:4f5886426856ab1794a5316cce4a04e3&mediaType=text
___
AS--INDIA-US-TARIFFS
Trump's 50% tariffs on India over Russian oil purchases take effect
SUMMARY: India faces a major challenge as steep U.S. tariffs on Indian products take effect. The import duties coming into force on Wednesday threaten over half of India's exports to its largest overseas market. The situation highlights the fragile trade ties between the two allies. U.S. President Donald Trump had initially announced a 25% tariff on Indian goods, but then imposed an additional 25% tariff due to India's purchases of Russian oil. That brings the combined U.S. tariffs on India to 50%. The Indian government estimates that $48.2 billion worth of exports will be affected. Labor-intensive sectors like textiles and leather will likely be hit hardest. Indian Prime Minister Narendra Modi has vowed not to yield to U.S. pressure.
WORDS: 720 - MOVED: 08/27/2025 7:15 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:48ac6d5e172df04832c75d2a57d0a860&mediaType=text
___
EU--RUSSIA-GASOLINE
Ukrainian drone attacks on oil refineries have some Russian regions running on empty
SUMMARY: Gas stations have run dry in some regions of Russia after Ukrainian drones struck refineries and other oil infrastructure in recent weeks. Motorists are waiting in long lines and officials resorting to rationing or cutting off sales altogether. Wholesale prices on the St. Petersburg International Mercantile Exchange for the highest octane spiked to record highs last week, hitting rates about 50% higher than in January, as demand soared from farmers seeking to bring in the harvest and Russians hitting the roads for a last big vacation of the summer. Russian media outlets reported fuel shortages in several regions in the Far East and in the Crimean Peninsula.
WORDS: 1001 - MOVED: 08/27/2025 7:08 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:2c1364fd199fa594f67ad097d6761814&mediaType=text
___
BEHIND THE WHEEL-CAR SHOPPING MISTAKES
Edmunds: Five big mistakes you need to avoid before buying your next new car
SUMMARY: A 2025 analysis from Edmunds reveals that nearly 20% of new car buyers are committing to monthly payments of $1,000 or more. High interest rates and rising vehicle prices are driving this trend. Buyers often stretch their budgets with extended financing terms, which can harm financial health. Edmunds suggests avoiding five common car-buying mistakes. These include buying beyond your means, not shopping around for loans, rolling negative equity into new loans, skipping internet sales departments, and overlooking used car alternatives. Avoiding these pitfalls can help ensure long-term financial security when purchasing a vehicle.
WORDS: 834 - MOVED: 08/27/2025 6:52 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:bec98f6a9d8fb50361d82dd39083f49d&mediaType=text
___
US-TRUMP-CORPORATE STAKES
Trump's Intel stake sparks cries of 'socialism' from his party, but he vows more deals are coming
SUMMARY: Donald Trump has a message for critics who think turning the U.S. government into a major stockholder of Intel is a "socialist" move: More is coming. The U.S. president says he could cut more such deals "all day long." One possible next target: defense contractors. That at least is according to public remarks by Commerce Secretary Howard Lutnick Tuesday. Free-market conservatives are outraged. They see the moves as a direct hit to Republican orthodoxy that governments should never try to take the place of private investors in picking corporate winners and losers. They also worry that companies the government invests in will prioritize pleasing the president over financial returns.
WORDS: 1209 - MOVED: 08/27/2025 6:18 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:caddfee37e5fe72f530d1269dc2b009e&mediaType=text
___
US--FEDERAL RESERVE-COOK-BLACK LEADERS
Trump's push to oust Fed's Lisa Cook unites anti-DEI effort, bid to control independent institutions
SUMMARY: Donald Trump's vow to fire Federal Reserve Board Governor Lisa Cook is at the intersection of the Republican president's efforts to consolidate power and purge diverse voices from the higher ranks of American leadership. Cook, an economist who has focused much of her research on economic innovation and discrimination, is the first Black woman to serve on the Fed's board of governors. Trump's move to fire her comes after he sought to fire multiple high-profile Black federal leaders, drawing the condemnation of Black leaders in Washington and beyond.
WORDS: 1571 - MOVED: 08/27/2025 12:06 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:4fdbb4af653bcca7b6fb0432166b44f3&mediaType=text
___
US--TRUMP-RARE EARTHS
Trump administration is investing in US rare earths in a push to break China's grip
SUMMARY: The U.S. is ramping up efforts to boost production of crucial components used in electric vehicles, smartphones and fighter jets. The Trump administration is pouring money into the critical mineral industry to reduce reliance on China. It's also launched a national security investigation into foreign-made mineral products. Industry insiders have long viewed critical minerals as a national vulnerability because they're critical ingredients in many defense applications and an assortment of high-tech products. Recent export restrictions by Beijing highlighted the issue. President Donald Trump said this week that China "sort of took a monopoly of the world's magnets" but he expressed confidence in securing supplies because the U.S. has "much bigger and better cards."
WORDS: 1168 - MOVED: 08/27/2025 12:02 a.m. EDT
https://newsroom.ap.org/home/search?query=itemid:edf8ff79ec97d7245f64afa9f9ac713a&mediaType=text
