>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed mixed on Monday ahead of this week's highly anticipated Federal Reserve policy meeting. The Dow Jones Industrial Average hit a new all-time high in afternoon trading as shares of Intel gained nearly four percent. Apple shares and chip stocks like Nvidia declined as investors took profits. At the closing bell, the Dow Jones Industrial Average gained 228 points to 41-622. The S&P 500 rose 7 points to 56-33. The Nasdaq lost 91 points to 17-592.
>>TikTok Ban Challenge Lands In Court
(Washington, DC) -- TikTok and parent company ByteDance set out to make their case Monday in a court hearing that could determine the fate of the hugely popular social media app. A law passed earlier this year calls for the China-based ByteDance to sell the social media app by January 19th or have it banned in the U.S. Oral arguments on legal challenges were heard yesterday with TikTok and ByteDance claiming the law is unconstitutional and violates free speech rights. The White House and other supporters of the law have said the measure isn't a move to eliminate the app, but is rather a challenge to Chinese-based ownership of TikTok.
>>Boeing Announces Sweeping Cuts As Strike Halts Production
(Seattle, WA) -- Boeing is announcing sweeping cuts to conserve cash as it deals with a factory workers strike. The company said on Monday that that includes a hiring freeze, a pause on non-essential travel and a reduction on supplier spending. In a note to staff, CFO Brian West said Boeing will stop most purchase orders for its 737 Max, 767 and 777 jetliners. He also said the company is "working in good faith" to reach a new contact agreement and enable operations to resume. More than 30-thousand factory workers walked off the job Friday after rejecting a tentative labor deal.
>>Back To The Office For Amazon Workers
(Seattle, WA) -- It's back to the office for Amazon workers starting next year. Amazon has been increasing the number of days employees were required to be in the office. Since May, they needed to be in the office at least three days a week. Starting January 2nd, they'll need to be in the office the entire week. CEO Andy Jassy says there will be exceptions, just like there were before the pandemic. That includes taking care of a sick child, various other emergencies, or being on the road to see customers.
>>FDA OKs Apple's Sleep Apnea Detection Feature
(Undated) -- Just days after getting its hearing aid software approved, Apple now has the thumbs up on sleep apnea detection. The FDA gave its approval Monday for the feature, which will debut on the Apple Watch Series Nine, Ten and Ultra Two models. It's part of the latest watchOS Eleven update and records wrist movements during sleep in order to detect the condition. Earlier this year, the FDA gave its approval for Samsung's Sleep Apnea detection on its Galaxy Watch line.
>>Trump Unveils Crypto Venture
(Undated) -- Former President Trump is getting into the world of crypto. Trump and his children unveiled a new cryptocurrency business called World Liberty Financial Monday during a spaces event on X, with Donald Jr. suggesting it will give opportunities for people who are unable to secure traditional financing from banks. Few other details were given. The former president said he was not too interested in crypto at first, but sales of his NFT trading cards made him re-think his position.
