>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after Wall Street closed slightly higher Monday ahead of this week's Federal Reserve decision on interest rates. The FOMC kicks off its two-day meeting today with an announcement on rates coming tomorrow. Markets got a boost from tech stocks with Nvidia shares up about one percent following its 10-for 1 split. At the closing bell, the Dow Jones Industrial Average gained 69 points to 38-868. The S&P 500 added 13 points to 53-60. The Nasdaq rose 59 points to 17-192.
>>Apple Brings AI To iPhones
(Cupertino, CA) -- Apple is bringing AI to its iPhone, Mac, and other products. Using "Apple Intelligence," the company said it wants to use the existing generative AI tools already on the market but make it personalized for Apple users. Speaking at the annual Worldwide Developers Conference on Monday, CEO Tim Cook said Apple's priority is to make it "intuitive and easy to use" while also being "grounded in your personal context." That includes individuals' personal routines, relationships, and communications.
>>Trump Says He'll Eliminate Tip Taxes
(Las Vegas, NV) -- Former President Trump says he'll end taxes on tips if he makes it back to the White House. Speaking at a rally in Las Vegas Sunday, where the entertainment economy relies heavily on tips, Trump said that getting rid of tip taxes would be the first thing he does in office. It's the first time Trump has mentioned the proposal.
>>UAW President Fain Under Investigation
(Detroit, MI) -- United Auto Workers President Shawn Fain is under investigation for allegations he abused his power as union president. A watchdog appointed by a federal court is looking into Fain and whether the union has been obstructing the investigation. In a court filing Monday, the watchdog said it had been working for months to get the union's cooperation and is also investigating a regional director for possible embezzlement. At issue is weather Fain has taken any actions that violate a 2020 consent decree from the Justice Department that avoided a federal takeover of the union. Fain, without directly addressing the allegations, said Monday night that taking the union in "a new direction means sometimes you have to rock the boat, and that upsets some people who want to keep the status quo."
>>Woman Sues Cold Stone Creamery Over Pistachio Ice Cream
(Long Island, NY) -- Popular ice cream chain Cold Stone Creamery is being sued over its pistachio ice cream. A New York woman filed a lawsuit in 2022 claiming she purchased pistachio ice cream from Cold Stone believing it contained real pistachios. She later read on the company's website that it only contained "pistachio flavoring." A federal judge has allowed the class action lawsuit to move forward. In his ruling, the judge said the case "raises a deceptively complex question about the reasonable expectations of plaintiff and like-minded ice cream aficionados."
>>Stellantis Recalling Trucks, SUV's Over Braking Issue
(Detroit, MI) -- A software problem with the braking systems is leading to the recall of over 211-thousand SUV's and pickup trucks by automaker Stellantis. The vehicles covered at 2022 models of the Dodge Durango, and Ram 2500 and 3500 trucks. The National Highway Safety Administration reports many of the vehicles have an issue with the anti-lock braking control module. That could lead to braking issues and accidents for drivers. The automaker says they are not aware of any accidents or injuries related to the problem. Dealers will update he anti-lock braking control module software at no charge and notices will be mailed starting July 26th.
