>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed mixed on Friday to end a volatile week. Tech shares helped lift the Nasdaq to a new record high as the rest of the market struggled. Tesla stock surged while McDonald's fell after the CDC confirmed more cases linked to a deadly E. coli outbreak. At the closing bell, the Dow fell 259 points to 42-114. The S&P 500 lost a point to 58-08. The Nasdaq gained 103 points to 18-518.
>>A Look At Economic Reports Out This Week
(Undated) -- The business week gets off to a slow start with no major economic reports on the schedule today. Things start to pick up Tuesday with word on consumer confidence, job openings and the S&P Case-Shiller home price index. Wednesday brings the highly-anticipated GDP report just a week ahead of the Federal Reserve's next meeting. After that, there will only be one more meeting of the central bank this year. Pending home sales and the ADP employment report are also due the same day. Weekly jobless claims along with personal income and spending come out Thursday and the week wraps up with the focus on the monthly jobs report, out Friday morning.
>>Earnings Reports On The Horizon
(Undated) -- Some heavy-hitting businesses are due to release earnings reports this week. Ford Motor gets things rolling, releasing its latest earnings report after today's closing bell. We'll hear tomorrow from McDonald's - recently in the news over a multi-state E. coli outbreak - as well as Alphabet, Pfizer, Reddit and Spotify. In the spotlight Wednesday is Facebook parent Meta along with Microsoft. That same spotlight shifts Thursday to Amazon and Apple.
>>Starlink Unveils On Flight WiFi
(Undated) -- Starlink WiFi is coming to commuters traveling with Qatar Airways. CEOs for both companies, Elon Musk and Badr Mohammed Al Meer, made the announcement in a video call using the Boeing 777 jets Starlink internet as Al Meer was traveling during the call from Doha to London. In a post on X last week, the airline said "Starlink is now live on a 777 for the first time and will soon be available for all passengers flying on Qatar Airways." The Starlink Wifi will come to select travel routes at no extra cost for commuters. The airline said that Starlink will be available on all of its Boeing 777 aircraft in 2025.
>>Costco Recalls Contaminated Chicken
(Issaquah, WA) -- Costco is recalling chicken products that may be contaminated with listeria. The retailer says Costco members should return their ready-to-eat chicken for a full refund. Some of the products being recalled are part of a larger recall of BrucePac meats that were found to be contaminated with listeria, which include cooked chicken products from Rana and El Monterey. The recall also includes the ReadyWise Emergency Protein Bucket and Red's Southwestern Grill Chicken Mini Burritos. The USDA says the listeria contamination was found through routine testing and no illnesses have been reported so far.
>>Nvidia Overtakes Apple As World's Most Valuable Company
(Santa Clara, CA) -- Nvidia has, at least for now, overtaken Apple as the world's most valuable company. The value of the AI chip-makers stock topped three-point-five-three trillion dollars during Friday's trading session. That beat Apple's value of three-point-five-two trillion. Demand for Nvidia's powerful graphics processors and artificial intelligence hardware and software continues to push the company's value into record territory.
>>Boeing To Raise Capital
(Arlington, VA) -- Boeing is planning to try to raise more than 15-billion in capital. It's an effort by the troubled aircraft company to boost liquidity. The company has been lining up potential investors for the push, including selling shares and debt that can be converted into equity. This, as Boeing continues to deal with a more than month-long strike by tens of thousands of machinists. Source Staff/acc Copyright © 2024 TTWN Media Networks Inc.
