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 futures quickly pivot to gains, but Wall Street may still suffer after rollicking week

SUMMARY: Wall Street futures quickly reversed course and turned positive in premarket trading as recent volatility continued, particularly around artificial intelligence. Futures for the S&P 500 rose 0.3% before the bell Friday, while futures for the Dow Jones Industrial Average climbed 0.6%. Nasdaq futures edged up 0.2% after being down overnight. The technology-heavy index is still on its way toward its worst week since President Donald Trump rolled out his tariff policy in April. Nvidia erased a 1.4% overnight loss, getting back to Thursday's closing price as its shares continued to ping-pong. Clothing retailers Ross Stores and The Gap both saw gains after beating Wall Street's sales and profit expectations.

WORDS: 600 - MOVED: 11/20/2025 11:49 p.m. EST

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Google and US government battle over the future of internet advertising

SUMMARY: Google will confront the U.S. government's latest attempt to topple its internet empire in federal court on Friday as a judge considers how to prevent the abusive tactics that culminated in parts of its digital ad network being branded as an illegal monopoly. The courtroom showdown in Alexandria, Virginia, will pit lawyers from Google and the U,S. Department of Justice presenting their closing arguments in proceedings focused on the complex technology that distributes millions of digital ads across the internet each day. The Justice Department was a federal judge to force Google to sell some of its ad technology while the company contends a breakup is unwarranted and would wreak havoc.

WORDS: 592 - MOVED: 11/20/2025 8:53 p.m. EST

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Japan's exports to the world rise, but Trump's tariffs dent its shipments to the US

SUMMARY: Japan has reported that its exports to the world rose 3.7% in October from a year earlier, while imports edged up 0.6%. Data released Friday by the Finance Ministry showed exports to the U.S. dipped 3.1%, marking the seventh straight month of year-on-year declines. Worries remain about the possible negative impact from U.S. tariffs. President Donald Trump announced a trade framework with Japan in July, placing a 15% tax on goods imported from that nation. That's lower than the 25% rate Trump initially said would kick in starting in August, but a heavy burden for an export dependent nation that is a major U.S. ally.

WORDS: 305 - MOVED: 11/20/2025 10:20 p.m. EST

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OpenAI and Taiwan's Foxconn to partner in AI hardware design and manufacturing in the US

SUMMARY: OpenAI has announced a partnership with Taiwan's Foxconn to design and make equipment for AI data centers in the U.S. Foxconn, known for making assembling iPhones and other Apple products and making servers for Nvidia, said it will co-design artificial intelligence data center racks with OpenAI under the agreement. The products that Foxconn will manufacture in its U.S. facilities include cabling and power systems. OpenAI will have early access to evaluate and purchase them. OpenAI CEO Sam Altman said the partnership aims to strengthen U.S. leadership in AI. The initial agreement does not specify any financial obligations or purchase commitments. Foxconn has factories in the U.S., including in Ohio and Texas.

WORDS: 443 - MOVED: 11/20/2025 11:02 p.m. EST

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Donations to APFJ allow expansion of program providing resources to local and state newsrooms

SUMMARY: The AP Fund for Journalism says donations of more than $30 million will permit an expansion of a program that provides news stories and photos to dozens of local and state newsrooms. The fund, started last year, supports nearly 50 news organizations across the country and is looking to expand to 300 by 2028. Through the fund, sites like the Mountain State Spotlight in West Virginia and Outlier Media in Michigan get material from The Associated Press that they might not otherwise be able to afford. That deepens what they can offer readers while freeing staff members to work on original stories.

WORDS: 235 - MOVED: 11/20/2025 3:54 p.m. EST

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Big swings keep rocking Wall Street as US stocks drop sharply after erasing a morning surge

SUMMARY: Big swings keep rocking Wall Street. The S&P 500 fell 1.6% Thursday after erasing an early surge that initially had it on track for its best day since May. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite sank 2.2%. The sharpest losses again hit what had been the market's biggest winners. Nvidia, cryptocurrencies and other areas that had earlier soared with nearly relentless momentum forced the market lower. Nvidia was the heaviest weight on the stock market despite another blowout profit report, while bitcoin dropped below $87,000. Treasury yields fell following a mixed report on the U.S. job market.

WORDS: 903 - MOVED: 11/19/2025 11:41 p.m. EST

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How major US stock indexes fared Thursday, 11/20/2025

SUMMARY: Big swings keep rocking Wall Street. The S&P 500 fell 1.6% Thursday after erasing an early surge that initially had it on track for its best day since May. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite sank 2.2%. The sharpest losses again hit what had been the market's biggest winners. Nvidia, cryptocurrencies and other areas that had earlier soared with nearly relentless momentum forced the market lower. Nvidia was the heaviest weight on the stock market despite another blowout profit report.

WORDS: 249 - MOVED: 11/20/2025 4:16 p.m. EST

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Bubble fears ease but investors still waiting for AI to live up to its promise

SUMMARY: Fears about the artificial intelligence boom turning into an overblown bubble have diminished for now, thanks to a stellar earnings report from Nvidia. But that doesn't mean the specter of an AI bubble won't return in the months and years ahead as Big Tech gears up to spend trillions of dollars more on a technology the industry's leaders believe will determine the winners and losers during the next wave of innovation.

WORDS: 841 - MOVED: 11/20/2025 2:37 p.m. EST

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Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

SUMMARY: It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a "no-hire, no fire" standstill. At the same time, some sizable layoffs have continued to pile up -- raising worker anxieties across sectors. Some companies have pointed to rising operational costs due to U.S.'s new tariffs, while others have redirected money to artificial intelligence investments. Workers in the public sector have also been hit hard. Federal jobs were cut by the thousands earlier this year. And many workers are now going without pay as the U.S. government shutdown has now dragged on for more than a month.

WORDS: 963 - MOVED: 11/20/2025 12:07 p.m. EST

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U.S. employers added surprisingly solid 119,000 jobs in September, government says in delayed report

SUMMARY: U.S. employers added a suprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed seven weeks by the federal government shutdown. The Labor Department also said Thursday that the unemployment rate rose to 4.4% from 4.3% in August. The increase in payrolls was more than double the 50,000 economists had forecast. But Labor Department revisions showed that jobs fell by 4,000 in August instead of increasing by 22,000 as originally reported.

WORDS: 956 - MOVED: 11/19/2025 5:50 p.m. EST

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Verizon is cutting more than 13,000 jobs as it works to 'reorient' entire company

SUMMARY: Verizon is laying off over 13,000 employees as part of a major company reorientation. The cuts began on Thursday, according to a memo from CEO Dan Schulman. He says Verizon's current cost structure limits investment, especially in customer experiences. Verizon had nearly 100,000 full-time employees at the end of last year. A spokesperson confirmed the layoffs account for about 20% of the company's management workforce, which isn't unionized. Schulman, who became CEO last month, has previously emphasized the need for aggressive transformation. Beyond the layoffs in its own workforce, the company also plans to reduce outsourced labor expenses.

WORDS: 461 - MOVED: 11/20/2025 8:57 a.m. EST

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Average US long-term mortgage rate rises to 6.26%, the third straight increase

SUMMARY: The average rate on a 30-year U.S. mortgage edged higher for the third week in a row, though it remains close to its low point this year. Mortgage buyer Freddie Mac said Thursday that the average long-term mortgage rate ticked up to 6.26% from 6.24% last week. A year ago, the rate averaged 6.84%. Just three weeks ago, the average rate was at 6.17%, its lowest level in more than a year. Mortgage rates are influenced by several factors, from the Federal Reserve's interest rate policy decisions to bond market investors' expectations for the economy and inflation.

WORDS: 528 - MOVED: 11/20/2025 12:04 p.m. EST

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Advocacy groups urge parents to avoid AI toys this holiday season

SUMMARY: Children's and consumer advocacy groups are urging parents not to buy AI-powered toys during the holiday season. These toys, marketed to kids as young as 2, are often powered by AI models like OpenAI's ChatGPT, which have been shown to harm children and teenagers. Fairplay, a children's advocacy group, warns that AI chatbots can foster obsessive use, explicit conversations, and unsafe behaviors. These toys are often marketed as educational but can disrupt children's relationships and creativity.

WORDS: 1096 - MOVED: 11/19/2025 7:59 p.m. EST

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Cracker Barrel shareholders vote to keep CEO despite logo debacle

SUMMARY: Cracker Barrel shareholders voted Thursday to keep company CEO Julie Felss Masino in place despite a debacle over the company's logo that continues to hurt its sales. But one of the company's directors, Gilbert Davila, resigned from Cracker Barrel's board Thursday after preliminary results indicated that shareholders rejected his reelection. Sardar Biglari, a longtime Cracker Barrel shareholder who also runs Steak 'n Shake, was among those pressing to oust Masino and Davila. Cracker Barrel angered fans in August when it announced plans to simplify its logo and remodel its antique-filled stores. The company has since backtracked on those plans but said it expects its sales to be down this year.

WORDS: 402 - MOVED: 11/20/2025 12:21 p.m. EST

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Sony, Warner and Universal sign AI music licensing deals with startup Klay

SUMMARY: The world's biggest music labels have struck AI licensing deals with a startup named Klay Vision, the companies said Thursday. Warner Music Group, Universal Music Group, and Sony Music Entertainment signed separate agreements with Klay, according to Warner's website. This follows Warner's recent AI deals with startups Udio and Stability AI. Few details about Klay were released, but the company aims to evolve music experiences using AI while respecting artists' rights. AI-generated music is rapidly growing, with synthetic bands climbing the charts. Warner resolved its copyright litigation against Udio and plans to launch a licensed AI music service in 2026.

WORDS: 475 - MOVED: 11/20/2025 7:56 a.m. EST

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Walmart raises profit expectations as more Americans hunt deals in sluggish economy

SUMMARY: Walmart delivered another standout quarter, posting strong sales and profits that blew past Wall Street expectations as it wins over more cash-strapped Americans who have grown increasing anxious about the economy. With other retailers dialing back projections, the nation's largest retailer raised its financial outlook Thursday, setting itself up for a strong holiday shopping season. The Bentonville, Arkansas-based company also said that it will be transferring the listing of its common stock to the tech-heavy Nasdaq from the New York Stock Exchange. CEO Doug McMillon, who surprised investors with plans to retire early next year, has reshaped Walmart itself as tech-powered retail giant that has leaned heavily into automation and artificial intelligence.

WORDS: 922 - MOVED: 11/20/2025 7:02 a.m. EST

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