>>Ahead Of The Bell (New York, NY) -- The opening bell rings this morning after stocks closed mixed on Wednesday. At the closing bell, the S&P gained 45 points to 54-21, and the Nasdaq jumped 264 points to 17-608. The Dow Jones Industrial Average lost 35 points to 38-712.
>>Fed Leaves Interest Rates Unchanged
(Washington, DC) -- The Federal Reserve is leaving interest rates unchanged. The Central Bank announced Wednesday that interest rates would remain at their highest level in more than two decades as it continues to fight inflation. The benchmark rate is in a range of five-and-a-quarter to five-and-a-half-percent. The decision came after the Labor Department's Consumer Price Index report released earlier in the day showed the growth of inflation slowed last month.
>>Consumer Price Index Unchanged, Producer Price Index Set For Release
(Washington, DC) -- A key report shows inflation slowed last month. The Labor Department reports the consumer price index held firm in May, although it's up three-point-three percent from a year ago. Not taking into account energy and food prices, core CPI increased point-two percent last month and three-point-four percent from a year ago. Meanwhile, the energy index saw a two percent decrease. Coming up today, we'll get another key reading on the state of inflation in America with the release of the producer price index. Also on the radar today is data on weekly jobless claims.
>>Elon Musk And SpaceX Sued For Sexual Harassment
(San Francisco, CA) -- Elon Musk and SpaceX have been hit with a sexual harassment lawsuit. Eight former employees filed a lawsuit Wednesday alleging they were illegally fired for raising concerns about discrimination and harassment against women at SpaceX. The employees claim they were fired after helping write an open letter against what they perceived as unlawful conduct within the company that included the treatment of women as sexual objects as the workplace was reportedly bombarded with "lewd sexual banter." A lawyer for the plaintiffs claims management at SpaceX knowingly permitted and fostered a work culture rife with sexual harassment.
>>Boeing Sales Continue to Struggle
(Arlington County, VA) -- Boeing is still trying to deal with the fallout of incidents involving its planes this year. The airplane manufacture reported this week that it received just four orders for new planes last month. It didn't receive any orders for its 737 Max plane. In May of last year, Boeing received orders for 69 jets. A 737 Max plane had a door plug blowout during an Alaska Airlines flight in January. Boeing shares have fallen 30-percent so far this year.
