>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after Wall Street rallied its way to a higher close to start off the week. Tech shares and airline stocks were among the top performers as markets rebounded from last week's steep selloff. Financial and retail shares also posted solid gains as investors anticipate a Federal Reserve rate cut later this month. At the closing bell, the Dow Jones Industrial Average gained 484 points to 40-829. The S&P 500 added 62 points to 54-71. The Nasdaq rose 193 points to 16-884.
>>CPI, PPI Due Out This Week
(Undated) -- Coming up in the business week, we're set to get a couple of looks at where things stand inflation-wise. Tomorrow brings the release of the consumer price index, followed by the producer price index the next day. Fast forward to next week and the Federal Reserve will announce its highly-anticipated decision on interest rates on Wednesday. Fed Chair Jerome Powell will deliver remarks after the initial announcement is made.
>>Apple Introduces New Products At Event
(Cupertino, CA) -- Apple is introducing a lineup of new products that includes the iPhone 16 and 16 Plus. At an event at its Cupertino, California headquarters Monday, the tech giant the iPhone 16 starts at 799-bucks and the iPhone 16 Plus starts at 899. The company also announced its new Apple Watch Series 10, which has an updated design, and AirPods 4 along with updated AirPods Max in new colors with USB-C charging.
>>DOJ's Anti-Trust Case Against Google Gets Started
(Mountain View, CA) -- The U.S. Department of Justice's antitrust case against Google got underway Monday in Virginia. Prosecutors allege the Alphabet company's online ad technology inhibits smaller companies from competing. In his opening statement, an attorney for the DOJ said Google used classic monopoly-building tactics to "crush competition." Google denies the DOJ's claims, saying there is plenty of competition in apps and connected TV.
>>Big Lots Files For Bankruptcy Ahead Of Store Closures
(New York, NY) -- Big Lots is filing for bankruptcy just over a month after it announced it would be closing hundreds of stores. The discount retailer said in a statement that high inflation and interest rates have hurt customer spending, and the Ohio-based company is set to be sold to Nexus Capital Management. Big Lots previously announced it was closing 300 stores across the U.S.
