>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed slightly lower on Tuesday. At the closing bell, the Dow Jones Industrial Average lost 57 points to 40-358. The S&P 500 slipped 8 points to 55-55. The Nasdaq fell 10 points to 17-997.
>>DOT Investigating Delta
(Atlanta, GA) -- The feds are investigating Delta Air Lines after days of canceled flights following a global computer outage on Friday. The Department of Transportation's Office of Aviation Consumer Protection is looking into the issues at the airline after thousands of cancelations left travelers scrambling. The issues started after a software update from cybersecurity firm CrowdStrike affected computers running Microsoft Windows. Delta says its working around the clock to get operations back to normal.
>>Tesla, Alphabet Report Earnings
(Austin, TX) -- Tesla reported weaker-than-expected second quarter earnings. The electric vehicle maker posted earnings of 52 cents per share yesterday, about ten cents less than analysts expected. Sales dropped seven percent compared to the same quarter last year. Meanwhile, Tesla reported revenue of 25-point-five billion dollars which is a two-percent increase over 2023. Also of note, Google parent company Alphabet on Tuesday reported slightly better than expected profit and revenue for the quarter.
>>Zelle Scams Take Center Stage In Washington
(Washington, DC) -- The peer-to-peer payment system Zelle is being looked into by lawmakers amid a growing number of scams on the platform. The Senate Permanent Subcommittee on Investigations heard testimony Tuesday from the CEO of Early Warning Services, the company that runs the Zelle network. Also called on to testify were executives from Bank of America, JPMorgan Chase, and Wells Fargo, the three biggest Zelle owner banks. The subcommittee issued a report faulting the banks for only reimbursing 38-percent of customers who said they did not approve a transfer from their account. Early Warning Services maintains that 99.95 percent of transactions are completed without a complaint of fraud or scam.
>>Home Sales Slumped In June As Inventory Rises
(Washington, DC) -- Sales of previously owned homes fell in June to its slowest pace since December. According to the National Association of Realtors, sales dropped five-point-four percent compared with May. The group's chief economist says the figures indicate "a slow shift from a seller's market to a buyer's market." Rising inventory and high mortgage rates are key factors. The median price of a home sold in June was just under 427-thousand dollars.
>>Trump Still Slated To Speak At Nashville Bitcoin Conference
(Nashville, TN) -- GOP presidential nominee Donald Trump is headed to Nashville. The former president is scheduled to speak at a Bitcoin conference at the Music City Center, which takes place Thursday through Saturday. Twenty-thousand people are expected to attend.
