>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed lower Wednesday. At the closing bell, the Dow Jones Industrial Average fell by 159 points to 41-091. The S&P 500 dropped by 33 points to 55-92. The Nasdaq lost 198 points to 17-556. Investors today will be keeping an eye out for data pertaining to the 2nd revision of the Gross Domestic Product. Pending home sales numbers are also due along with weekly jobless claims.
>>Nvidia Beats Expectations
(New York, NY) -- Nvidia's latest earning's report beat Wall street expectations. The chip making tech giant reported 30-billion-dollars in revenue in the second quarter, while analysts were expecting 28-point-seven-billion. During the same period last year, Nvidia saw 13-point- five-billion-dollars in revenue.
>>United Flight Attendants Authorize Strike
(Undated) -- United Airlines flight attendants are approving a strike across the country. The flight attendants have voted to approve strike authorization if they don't reach an agreement with the airline. For now, off-duty flight attendants are marching on informational picket-lines. The flight attendants want raises, job security, and retirement benefits. In a statement, United says it will continue to work toward an agreement, and says a strike is not imminent, as it's a lengthy process. This is the first time in 20 years that flight attendants at United have approved strike authorization.
>>SpaceX Rockets Grounded Amid Booster Crash Probe
(Washington, DC) -- SpaceX Falcon 9 rockets are being grounded after a first-stage booster crashed onto a landing barge. An FAA investigation is underway to determine what caused the crash following a Starlink launch early Wednesday. SpaceX had two Starlink launches planned for Wednesday, one in Florida and one in California. The California launch was called off after the booster rocket in the Florida launch crash-landed on a droneship and fell into the Atlantic Ocean. All SpaceX Falcon 9 rockets are being grounded during the investigation, including the booster for the upcoming Polaris Dawn mission.
>>Google Fixes AI Chatbot After It Failed To Depict White People
(Mountain View, CA) -- Google says it fixed its A.I. chatbot Gemini after it was unable to generate images of white people. When the controversy erupted in February, critics, including Elon Musk accused Google's A.I. of being racist. In response, the tech giant shut down Gemini's ability to depict any human. Now, Google is turning the feature back on for users who pay to use the English-language version of Gemini.
>>Number Of 401(K) Millionaires Hits All-Time High
(New York, NY) -- The number of 401(k) millionaires is at an all-time high. According to data from Fidelity, nearly 500-thousand 401(k) accounts had balances of at least a million dollars as of the end of June. That's up two-and-a-half percent from the previous quarter. Fidelity based its data on 24-million accounts across its 26-thousand employer-sponsored plans.
>>Telegram CEO Charged With Numerous Crimes In France
(Paris) -- The founder and CEO of Telegram is facing multiple charges in France. Pavel Durov was detained by French authorities over the weekend in connection to alleged criminal activity on the popular communications app. Authorities announced on Wednesday that he'd been formally charged. Allegations include his messaging-app being complicit in helping drug traffickers, fraudsters and those spreading child pornography. The case has become a focal point for free-speech advocates versus potentially dangerous content. Durov could face up to a decade in prison if convicted.
>>Apple Announces Rare Layoffs
(Cupertino, CA) -- Apple is laying off about 100 employees in a rare cutback. The Verge reports the tech giant has started to notify workers in its "Books and News" sectors of the cuts. The layoffs are primarily in its services division, which also includes Apple TV and Apple Music.
>>Shake Shack Announces Closures
(New York, NY) -- It's not the news fans of Shake Shack wanted to hear. The fast-casual restaurant chain announced this week that it will be closing at least nine underperforming locations. In a filing with the Securities and Exchange Commission, Shake Shack said the locations slated for closure "are not projected to provide acceptable returns in the foreseeable future." Doors will be closing at restaurants in Texas, Ohio and California.
