>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning on Wall Street after stocks closed mixed yesterday despite spending much of the session in the red. At the closing bell, the Dow Jones Industrial Average lost 6 points to 42-924. The S&P 500 slipped 2 points to 58-51. The Nasdaq gained 33 points to 18-573.
>>AF CEO Posts 10M Bond Following Sex Trafficking Arrest
(New York, NY) -- Former Abercrombie and Fitch CEO Mike Jeffries is posting a ten-million dollar bond following his arrest on sex trafficking and interstate prostitution charges. Meanwhile, his associate James Jacobson is out on 500-thousand dollar bond while Jeffries' romantic partner, Matthew Smith, has been detained. Jeffries and Jacobson are set to be arraigned Friday in federal court on Long Island. Prosecutors say for close to ten years, the three preyed on young aspiring male models and trafficked them to sex parties around the world. An indictment names 15 victims but authorities believe there are many more.
>>IRS Unveils New Income Tax Brackets For 2025
(Washington, DC) -- The IRS is raising federal tax brackets for 2025 to adjust for inflation. The standard deduction for married couples filing together will increase to 30-thousand dollars and 15-thousand for single taxpayers. In announcing the change Tuesday, the agency noted it applies to tax year 2025 for returns filed in 2026. There are also changes to dozens of other categories including long term capital gains, gift tax exemption and the child tax credit. You can check out the full list at irs.gov website.
>>Boeing Machinists' Union To Vote Today
(Arlington County, VA) -- The Boeing machinists union will vote on a "negotiated proposal" today. That's after the aerospace giant reached a tentative deal with the striking workers this past weekend. If approved, it will end a weeks-long strike. The new proposal includes a 35-percent wage increase over the next four years, higher 401k contributions, guaranteed payouts in a bonus program and a higher signing bonus.
>>Tesla Earnings Out Today
(Undated) -- Tesla is set to release third quarter earnings after today's closing bell on Wall Street. Here's what analysts are predicting: The electric vehicle maker is likely to report earnings of 58 cents per share, down just over 12 percent from a year ago. Revenue is expected to land slightly north of 25 billion dollars.
>>Denny's Closing 150 Restaurants
(Spartanburg, SC) -- Denny's is closing 150 of its restaurants. The diner chain plans to close 50 of its lower performing locations by the end of the year, with the other 100 shuttering in 2025. The chain operates more than 13-hundred restaurants in the U.S.
>>Target Cuts Prices On More Than 2,000 Items Ahead Of Holiday Season
(New York, NY) -- Target is cutting prices on more than two-thousand items ahead of the holiday season. Some prices have been reduced immediately on items that include home goods, beauty products, food and toys. Target said in a press release that it routinely adjusts its prices to stay competitive, and it will continue through December. The price cuts have brought an uptick in customer spending after a string of bad quarters for the retail giant.
>>Honda Recalls Nearly 800,000 Vehicles Due To Potential Fire Risk
(Detroit, MI) -- Honda is recalling about 780-thousand vehicles in North America due to a potential fire risk. The issue lies with a high-pressure fuel pump that may crack and leak fuel, increasing the risk of a fire if an ignition source is present. It includes Honda Accords, Honda CR-V Hybrids, and Honda Civics from model years 2023 through 2025. Honda has received 145 warranty claims related to this issue, but there have been no reports of injuries.
