>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed higher Monday with the S&P 500 hitting a new record to start the new week. Stocks rose as markets added to last week's gains following the Federal Reserve's interest rate cut. On top of that, Chicago Fed President Austan Goolsbee signaled that more rate cuts are likely as inflation continues to fall. At the closing bell, the Dow Jones Industrial Average gained 61 points to 42-124. The S&P 500 added 16 points to 57-18. The Nasdaq rose 25 points to 17-974.
>>X To Change "Block" Feature
(San Francisco, CA) -- X is set to change how its block feature works. Owner Elon Musk says users blocked by a public account will now still be able to view posts from that account. However, they will not be able to engage with any of the posts from the account that blocked them. Musk said it was "high time this happened."
>>Exxon Responds After California Sues It Over Plastic
(Sacramento, CA) -- Exxon is firing back at California's lawsuit about alleged deceptive marketing message involving plastics. In the lawsuit, Attorney General Rob Bonta accuses the oil giant of convincing the public that recycling plastic is safe for the environment while increasing its production of the polymers that go into single-use plastics. Late Monday, Exxon said "For decades, California officials have known their recycling system isn't effective. They failed to act, and now they seek to blame others." The statement adds, "To date, we've processed more than 60-million pounds of plastic waste into usable raw materials, keeping it out of landfills."
>>Reports: Stellantis Searching For Successor To CEO Carlos Tavares
(Auburn Hills, MI) -- Stellantis is reportedly looking for a new CEO to succeed Carlos Tavares. The automaker has been struggling to sell vehicles in the U.S. and Tavares has been intensely criticized in recent weeks by the United Auto Workers union and American auto dealers. The contract with the current CEO expires in January 2026. Stellantis chief financial officer Natalie Knight told Bank of America analysts yesterday that they will cut inventory by 100-thousand vehicles by January and says they have seen better sales figures in August.
>>Gen Zers Say They're Paid Too Little
(San Diego, CA) -- Gen Zers are saying they're underpaid and feeling the squeeze. Gen Zers are 18 to 27 years old. A new survey is out from "Resume Templates Dot Com," and it shows 87-percent feel underpaid, especially with the rising cost of living. They may really be underpaid, according to some experts but there are several factors to consider. A Gen Zer with a college degree should probably earn 50-60-thousand, but in fields like education and non-profit, salaries under 50-thousand are common. When you live in large cities, anything under 100-thousand is likely to feel too little, according to respondents.
>>Last Full-Size K-Mart Store In US To Close
(Bridgehampton, NY) -- The last full-size K-Mart store in the country is closing its doors. The K-Mart in Bridgehampton, New York will shut for good on October 20th. A smaller Kmart store in Miami still stands. There were about 23-hundred locations in the U.S. at its height.
>>NYC Is Priciest U.S. City For Retirees
(New York, NY) -- A new study shows New York City is the priciest city in the U.S. in which to retire. WalletHub says if you want to retire in the city that never sleeps it'll cost you big time: 45-hundred-dollars for an average one-bedroom New York City apartment. Honolulu and Pearl City, Hawaii are tied for second priciest retirement destinations. Boston is third, Seattle is fourth and Yonkers, New York is fifth. Rounding out the top ten: Santa Rosa, California, in sixth place, then Bridgeport, Connecticut. San Francisco and Fremont, California are tied for eighth place, Jersey City is in ninth and Burlington, Vermont is in tenth place. Retiree tax-friendliness was considered as well as housing costs.
