>>Markets Closed For Juneteenth
(New York, NY) -- Wall Street is dark today in observance of the Juneteenth holiday. Stocks edged higher yesterday with the S&P 500 hitting another record despite weak retail sales data. At the closing bell, the Dow Jones Industrial Average gained 56 points to 38-834. The S&P 500 added 13 points to 54-87. The Nasdaq rose 5 points to 17-862.
>>Nvidia The Most Valuable Company
(Santa Clara, CA) -- Nvidia is now the most valuable public company in the world after its share price rose Tuesday, pushing the chipmaker past Microsoft. The company's market cap hit three-point-three trillion. Shares have gone up more than ninefold since the end of 2022 as the company's chips are in demand for use in artificial intelligence.
>>Boeing CEO Apologizes To Victims' Families
(Washington, DC) -- The CEO of Boeing is apologizing directly to family members who lost loved ones in Boeing plane crashes. During a hearing before a Senate subcommittee, CEO Dave Calhoun stood from the witness table and turned around to face family members of Boeing 737 Max victims, referencing fatal crashes involving the aircraft in 2018 and 2019. Calhoun's testimony before Congress comes as several whistleblowers have come forward claiming their efforts to raise quality concerns prompted retaliation from the company. Boeing is under investigation by the Justice Department and Federal Aviation Administration.
>>LG And ChargePoint Team Up For EV Charging Stations
(Undated) -- LG Electronics and ChargePoint are joining forces to ramp up production of electric vehicle charging stations. The companies announced the partnership Tuesday, with the new stations expected to be installed sometime this summer. The units will reportedly have a combination of LG's hardware and ChargePoint's software. LG broke into the U.S. EV charger market earlier this year after opening a factory in Fort Worth, Texas. ChargePoint currently has over 300-thousand stations across the U.S. and Europe.
>>Best Metric To Gauge Workers' Retirement Savings
(New York, NY) -- When saving for retirement, certain industries perform better than others. According to Fidelity, the industry employees with the highest 401(k) balances are in legal services, with an average 300-thousand dollars. The petrochemical industry came in second, with 255-thousand, followed by energy production. Industries with the lowest average 401(k) balance: retail, with 51-thousand, followed by health care, and real estate. Fidelity advises workers to set aside 15-percent of their pre-tax income toward retirement, the average total savings rate is about 14-percent -- the closest it has ever been to the firm's recommended savings rate.
