>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning on Wall Street after stocks closed mixed yesterday. Tech shares edged higher while bank stocks fell putting pressure on the broader market. At the closing bell, the Dow Jones Industrial Average lost 92 points to 40-736. The S&P 500 rose 24 points to 54-95. The Nasdaq gained 141 points to 17-025.
>>Coming Up: Consumer Price Index
(Undated) -- The consumer price index, the Federal Reserve's favored inflation gauge, is due to be released today. The producer price index comes out the following day and both will mark the Fed's last look at the key readings before announcing its highly-anticipated decision on interest rates next week.
>>EU Orders Apple To Pay $14 Billion In Back Taxes To Ireland
(Brussels) -- Europe's top court is ordering Apple to pay 14-billion-dollars in taxes to Ireland. The European Court of Justice issued the ruling yesterday in the tech giant's ten-year court battle with the Irish government. The case stems back to a 2016 decision by the European Commission to open an investigation into Apple's tax payments in Ireland which is where the tech giant's EU headquarters is located. The ruling comes a day after the company unveiled its new iPhone and Apple Watch products.
>>Shakeup On Budget Carrier Board
(Dallas, TX) -- The chairman of Texas-based Southwest Airlines is retiring. Gary Kelly made the announcement Tuesday and said it was voluntary. This is the latest in a shakeup for budget carrier. In addition to Kelly, six board members are also stepping down. A hedge fund, which holds ten-percent of Southwest stock, has been pushing for major changes to what they called a "decades-old approach" to doing business. Some of that has already been unveiled. The company is moving from their trademark "open seating" to "assigned seats."
>>U.S. Wireless Data Use On The Rise
(Washington, DC) -- Americans are using more wireless data. An survey released by the Cellular Telephone Industries Association Tuesday showed American used just over 100-trillion megabytes of wireless data last year. That's a 36-percent jump from 2022. It marks the largest one-year rise in wireless data use. The usage increase comes as more and more 5G devices are being used in the country. The number of wireless connections in the U.S. last year saw an uptick of six-percent to 558-million.
>>Brigham And Women's Nurses Ratify New Contract
(Boston, MA) -- Nurses at Brigham and Women's Hospital in Boston have voted to ratify a contract agreement reached last month. The union represents around four thousand nurses at the hospital, who will now receive raises of up to 30-percent. The union voted to authorize a one-day strike in July, and an agreement was announced in early August. The deal was finalized with the vote to ratify that was finalized this week.
>>Sony Reveals PlayStation 5 Pro Console
(San Mateo, CA) -- Sony is giving gamers their first look at the PlayStation 5 Pro. The latest iteration of the popular video game console was unveiled Tuesday. It features upgraded graphics processing that will deliver graphics at high frame rates. The PS5 Pro won't come with a disc drive, but will have two terabytes of storage space. The console will retail for 700-dollars with preorders starting September 26th ahead of its November 7th launch date.
