>>Holiday-Shortened Trading Week Kicks Off
(New York, NY) -- The opening bell rings this morning to kick off what will be an abbreviated trading week with markets having been closed yesterday in observance of Memorial Day. When trading wrapped up Friday, things were in the green capping a volatile week. At the closing bell, the Dow Jones Industrial Average gained four points to 39-069. The S&P 500 rose 36 points to 53-04. The Nasdaq climbed 184 points to 16-920.
>>Musk's AI Firm Raises More Money
(San Francisco, CA) -- Elon Musk has raised another six-billion-dollars in funding for his artificial intelligence company xAI, putting its valuation at 24-billion. New money came in from Silicon Valley venture capitalists and a Saudi prince. Musk said Monday that there would be more to announce in the coming weeks. The company says the money will be used to take products to market and increase the pace of research and development.
>>NCAA Signs Deal That Could Mean Collegiate Athlete Payments
(Undated) -- A new deal between the NCAA and the country's five biggest conferences could pave the way to student athletes being paid. Late last week the NCAA announced a tentative agreement to a series of antitrust lawsuits, which could direct millions of dollars to collegiate athletes as soon as the Fall of 2025. NCAA President Charlie Baker said the payments are "an important step in the continuing reform of college sports that will provide benefits to student-athletes and provide clarity in college athletics for years to come."
>>Alcatraz Ferry Workers Strike
(San Francisco, CA) -- Alcatraz ferry workers are trying to get the word out about their demand for better pay. Nearly 100 ferry workers went on a four-hour strike over the weekend to push Alcatraz City Cruisers to come to the bargaining table. The strike comes as tourist season is starting to heat up in San Francisco, with tourist officials saying Alcatraz Island attracts more than one-million tourists to San Francisco every year.
>>"Furiosa" Barely Beats "The Garfield Movie" At Box Office
(Los Angeles, CA) -- "Furiosa: A Mad Max Saga" is victorious over "The Garfield Movie" at the Memorial Day weekend box office. The fifth film in the "Mad Max" franchise made 32-million-dollars over the four day weekend. "Garfield" took second with just over 31-million-dollars made in its debut. This marks the worst Memorial Day weekend at the box office in almost three decades, excluding 2020 when theaters were closed due to COVID.
