>>Fresh Trading Week Kicks Off
(New York, NY) -- The opening bell rings this morning after Wall Street saw a lower to end the week. Stocks slipped after a stronger than expected jobs report took the steam out of markets. GameStop shares plunged nearly 40 percent after the trader known as "Roaring Kitty" hosted his first livestream since the meme stock craze of 2021. At the closing bell, the Dow Jones Industrial Average fell 87 points to 38-798. The S&P 500 lost almost 6 points to 53-46. The Nasdaq dropped nearly 40 points to 17-133.
>>In The Business Week Ahead
(Undated) -- In the business week ahead there are no major economic reports on the schedule for today but things will start to pick up Tuesday when the Federal Reserve kicks off a two-day meeting. An announcement on interest rates plus a press conference with Fed Chairman Jerome Powell follows Wednesday. Friday's higher than expected monthly jobs report poured cold water on most thoughts of a possible rate cut at this time. Weekly jobless claims are due Thursday along with the producer price index. The week will wrap up next Friday with preliminary data on consumer sentiment.
>>Apple's WWDC Set For Today
(Cupertino, CA) -- Apple will be showing off what's in store for their product line today at the Worldwide Developer's Conference. No word on what's exactly on the table this year but the notoriously tight-lipped tech giant is expected to focus on integrating artificial intelligence into its software. The event starts at 10 am Pacific time and will livestream on YouTube, Apple's website and the Apple TV app.
>>New York Lawmakers Crack Down On Black Market For Restaurant Reservations
(Buffalo, NY) -- Lawmakers in New York are cracking down on the black market for restaurant reservations. The New York State Legislature recently passed the Restaurant Reservation Anti-Piracy Act as reservation fraud has been on the rise in the state and across the nation. The bill prohibits third-party restaurant services from arranging unauthorized restaurant reservations with food service establishments. The CEOs of both OpenTable and Resy have applauded the legislation, calling it a strong show of support for restaurants. The bill is being sent to Governor Kathy Hochul's office to be signed into law.
>>"Bad Boys: Ride or Die" Tops Weekend Box Office
(Hollywood, CA) -- "Bad Boys: Ride or Die" is topping the weekend box office. The fourth installment in the buddy-cop series grossed 56-million-dollars in its premiere weekend. "The Garfield Movie," an animated film about the eponymous cartoon cat, came in second with an estimated gross of ten-million-dollars. John Krasinski's family film "IF" took third with eight-million dollars. The new horror film "The Watchers" took fourth with seven million and "Kingdom of the Planet of the Apes" took fifth with five-point-four million.
