>>Trading Week Winding Down
(New York, NY) -- The opening bell rings this morning on Wall Street as the trading week starts to wind down. Stocks closed mixed yesterday following the release of data that gave investors some encouragement about the economy. Last month's retail sales numbers showed consumer spending rose by point-four-percent, against expectations of point-three-percent. At the closing bell, the Dow Jones Industrial Average gained 161 points to 42-239. The S&P 500 fell by one-point to 58-41. The Nasdaq gained six points to 18-373.
>>Yellen Warns High Tariffs Will Boost Inflation
(Washington, DC) -- Treasury Secretary Janet Yellen says high tariffs like those proposed by presidential candidate Donald Trump would boost inflation in the U.S. Yellen delivered remarks to the Council on Foreign Relations on Thursday and didn't mention Trump by name, but argued the broad tariffs supported by the former president would "raise prices for American families and make our businesses less competitive." Earlier this week, Trump suggested he might impose tariffs of up to 50-percent to force foreign companies to manufacture in the U.S.
>>Netflix Posts Q3 Results
(Los Gatos, CA) -- Netflix is reporting third quarter earnings that beat Wall Street estimates. The streaming giant is projecting revenue for the full year of 2025 to come in between 43 and 44 billion dollars. It also noted that ad-tier memberships are up 35 percent.
>>Instagram Rolling Out Features Aimed To Tackle Sextortion
(Menlo Park, CA) -- Instagram is rolling out new features aimed at protecting teens from sextortion scams. That's when scammers threaten that they'll share intimate photos of the user unless they get some form of payment. Parent company Meta says one of the features expected soon is prohibiting the ability to screenshot or record temporary images as well as photos sent used via direct messaging. The tech giant is also teaming up with Crisis Text Line to support those who fall victim to the scam or have other safety concerns. Meta said last week alone, it removed over 16-hundred Facebook accounts affiliated with a group notorious for those types of scams.
>>Textron Aviation Present New Contract Offer
(Wichita, KS) -- Kansas-based Textron Aviation is presenting an updated contract offer to the International Association of Machinists and Aerospace Workers. The contract offer includes a lump sum payment of 15-thousand dollars over five years per employee, an increased cost-of-living maximum, new longevity pay, and caps on increases to health insurance premiums. The company says the union is expected to have the opportunity to vote on the contract offer this weekend. The union has been on strike since September 22nd.
