>>Trading Week Winding Down
(New York, NY) -- The trading week is winding down after stocks closed sharply lower Thursday. At the closing bell, the Dow Jones Industrial Average fell by 330 points to 38-111. The S&P 500 dropped by 31 points to 52-35. The Nasdaq lost 183 points to 16-737.
>>Trump Social Media Stock Prices Tumble Following Verdict
(Undated) -- Donald Trump's social-media company's stock prices are tumbling following him being found guilty on all counts in his hush money case. The share price for Trump Media & Technology Corporation, which is the operator of Trump's Truth Social platform, dropped almost 15-percent following yesterday's verdict. Following after-hours trading, it was still down about ten percent. Trump will almost certainly appeal his conviction. The appeal process could take months or longer, likely delaying any punishment doled out by the judge in the case past Election Day.
>>Boeing Details Improvement Plan
(Washington, DC) -- Boeing is telling the FAA how it plans to improve operations following a string of mechanical problems that started with a door plug blowing out of a plane over Portland, Oregon. The FAA put Boeing on a 90-day clock to develop the plan. The company is reducing work that's done out of order and they've increased monitoring of Spirit AeroSystems that does some of their outside work. The FAA has added inspectors at both Boeing and Spirit AeroSystems.
>>Retailers Cutting Prices To Lure Shoppers
(New York, NY) -- Major retailers like Walmart, Target, Amazon and Walgreens are cutting prices with some being permanent and some temporary. The Consumer Conference Board reported a third straight month declines, as Americans worry about their financial wellbeing, near and long-term. Companies are now slashing prices on thousands of household goods to help boost consumer spending. Shoppers have been pulling back for months now as costs have risen 20-to-30 percent from what they were three years ago. Retailers are trying to get customers back to their stores, as shoppers are focusing more on bargains.
>>ChatGPT Projects Much Different Price Target For Nvidia Stock
(San Francisco, CA) -- Artificial intelligence is taking on Wall Street stock analysts. This week, analysts predicted shares of chip maker Nvidia would rise four percent in 12 months with a consensus price target of eleven-hundred-and-71 dollars per share. The artificial intelligence chatbot ChatGPT was asked to make its prognostication about the stock and returned a much different estimate. The large language model projected Nvidia would be trading above 14-hundred 60 dollars per share within a year, nearly 300 dollars per share more than its human counterparts had suggested.
>>IRS Free Filing Program To Be Available Nationwide Next Year
(Washington, DC) -- The IRS's free tax filing program will be available nationwide in 2025. The agency is expanding its free program Direct File, the Treasury Department announced. More than 140-thousand users filed using the program in the 2024 season, saving an estimated five-point-six-million-dollars in tax preparation fees. It was available to a limited number taxpayers in 12 states this year.
>>Amazon To Include Grubhub+ Subscriptions
(Seattle, WA) -- Amazon Prime customers are getting Grubhub-Plus subscriptions. The Amazon membership will now include a free subscription to the food delivery service, the companies announced this week. Prime previously offered a one-year membership to Grubhub-Plus in July 2022 before extending the offer for another year. Now it'll be permanently included. Grubhub-plus includes zero delivery fees on orders over 12-dollars along with reduced service fees and a five-percent credit back on pickup orders.
