>>Investors Hoping For Better Day After Monday's Crushing Losses
(New York, NY) -- The opening bell rings this morning after a disaster of a day on Wall Street Monday. A global market selloff caused the Dow Jones Industrial Average to have its worst day in almost two years due to fears that the U.S. economy is heading into a recession. Investors are also worried that the Federal Reserve may be too late in cutting interest rates to help support an economic slowdown. At the closing bell, the Dow Jones Industrial Average lost a whopping one-thousand-and-33-points to end at 38-703. The S&P 500 shed 160 points to 51-86. The Nasdaq plummeted 576 points to 16-200.
>>Federal Judge Rules Google Violated Antitrust Laws
(Washington, DC) -- A federal judge is ruling Google violated U.S. antitrust law. In a landmark decision issued Monday, the judge says the tech giant acted illegally to maintain an online search monopoly. The Department of Justice and a group of several states sued Google in 2020. They accused Google of paying companies such as Samsung and Apple billions of dollars each year to have their smartphones and web browsers automatically use their search engine. The ruling could lead to penalties such as forcing Google to change the way it operates or even sell parts of its business.
>>CrowdStrike Responds To Delta CEO Blaming Service Issues
(New York, NY) -- CrowdStrike is firing back at Delta Airlines after its CEO blamed the cybersecurity firm for its service meltdown that he said cost the airline company 500-million dollars. A letter from CrowdStrike's legal counsel to Delta rejected those claims and said it was "highly disappointed by Delta's suggestion that CrowdStrike acted inappropriately." The letter added that CrowdStrike's CEO offered personal online assistance to Delta's CEO but didn't receive a response.
>>Video Game Actors Remain On Strike
(Hollywood, CA) -- Hollywood's video game actors remain on strike. They say SAG-AFTRA is seeking the same protections against artificial intelligence that are given to on-camera celebrities. The union says studios are not cooperating on that issue. This Friday will mark the second full week of striking.
>>X Office In SF To Close
(San Francisco, CA) -- X will be closing its San Francisco office. According to the New York Times, the company announced internally on Monday the office will close, with workers relocated somewhere else in the Bay Area. Owner Elon Musk has promised in the past to move the headquarters to Texas in response, he claimed, to a California law banning teachers from forcibly outing the gender identity of students.
>>Lawsuits Allege High Levels Of Lead In General Mills Cocoa Puffs Cereal
(Undated) -- Two federal lawsuits are seeking millions from General Mills. Plaintiffs say Cocoa Puffs cereal could contain high levels of lead. The suits filed recently in Minnesota and California are calling for more than five million dollars in damages for consumers nationwide. One suit claims a one-cup serving of Cocoa Puffs contained just a little less than the state's maximum allowable limit of point five micrograms of lead.
>>Tax Court Judge Rules Coca-Cola Owes Billions To IRS
(Atlanta, GA) -- Coca-Cola could end up paying billions-of-dollars back to the government for back taxes. The soft drink giant says that the IRS misapplied applicable regulations dating back over a decade. Punishments from the government have climbed to around six-billion-dollars, with interest included. The company has roughly three-months to appeal, which it announced on Friday that it planned to do.
