>>Wall Street Welcomes Fresh Trading Week
(New York, NY) -- The opening bell rings this morning to kick off a fresh trading week. This, after Wall Street closed higher Friday, ending what can be described as a volatile week. Stocks surged as new inflation data lifted investor hopes for more Federal Reserve interest rate cuts this year. At the closing bell, the Dow Jones Industrial Average gained 654 points to 40-589. The S&P 500 added 59 points to 54-59. The Nasdaq rose 176 points to 17-357.
>>Coming Up In The Business Week Ahead
(Undated) -- The coming week in business news might get off to a slow start with no notable reports on Monday's calendar. However, things will start to pick up Tuesday when the Federal Reserve opens a two-day meeting that some analysts believe could pave the way for a rate cut in September. Also happening Tuesday, we'll get word on job openings, consumer confidence and the latest S&P Case-Shiller home price index. The following day brings the decision from the FOMC on interest rates, which will be followed by a press conference from Fed Chair Jerome Powell. ADP will also release its employment report on Wednesday. Weekly jobless claims come out Thursday, with only a slight decline predicted. The week wraps up Friday with the always closely watched monthly jobs report.
>>Harris Campaign Raises $200 Million In First Week
(Wilmington, DE) -- The Harris campaign says it raised 200-million-dollars in its first week. Campaign officials announced the huge total Sunday, noting they have already signed up more than 170-thousand volunteers. According to the statement, two-thirds of the donations came from first-time donors supporting the vice president's bid for the White House. Top Democrats say Kamala Harris is quickly uniting the party behind her candidacy after President Biden dropped out of the 2024 race.
>>SAG-AFTRA Video Game Voice Actors Goes on Strike
(Los Angeles, CA) -- More than 25 hundred SAG-AFTRA video game actors are hitting the picket lines. A strike officially began on Friday, after contract talks broke down between the union and the video game industry. Actors want protections from being replaced by artificial intelligence as well as a new fee structure. The Interactive Media Agreement expired in November of 2022. It covers performers who do voice-overs and motion-capture work in video games.
>>Pandemic Driven 'Revenge Travel' Abating
(New York, NY) -- Airlines are bracing for the end of the "revenge travel" boom, cutting ticket prices to fill seats amidst a more uncertain outlook. That's a sharp turnaround from a period of high air fares, when passengers were desperate to travel anywhere and airlines suffered from a shortage of planes. The cracks have largely come on shorter routes in the U.S. and Europe and in economy class, with more expensive seats in business and first class less affected. American Airlines slashed its profit forecast for the year and Spirit Airlines cut its revenue outlook for the second quarter. Southwest Airlines will begin offering assigned seats to boost revenue, leaving behind their company defining free-for-all seating policy.
