>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after a mixed finish for Wall Street Thursday. At the closing bell, the Dow Jones Industrial Average fell less than a point to 43-729. The S&P 500 rose by 44 points to 59-73. The Nasdaq gained 285 points to 19-269.
>>Fed Lowers Interest Rates Again
(Washington, DC) -- The Federal Reserve is lowering interest rates by a quarter point. Thursday's decision follows a 50-basis points reduction earlier this fall -- the first lowering of rates in four years. It comes on the heels of some positive signs that inflation is cooling. In announcing the move, Fed Chairman Jerome Powell also made clear yesterday that he has no intention of stepping down should he be asked to by President-elect Donald Trump. His current term lasts until 2026 and given their somewhat strained relationship in the past, it's not expected that Trump will re-appoint him.
>>Nvidia Joins Dow Jones Industrial Average
(Santa Clara, CA) -- Nvidia is joining the Dow Jones Industrial Average. Effective today, the AI chip-maker will replace competitor Intel on the index. Shares of Nvidia hit a record high on Thursday, making it the first company ever to top a stock market value of three-point-six trillion dollars.
>>Max To Crackdown On Password Sharing
(New York, NY) -- Streaming service Max will start to crack down on password sharing in the coming months. The CFO of Warner Brothers Discovery said in an earnings call Thursday that the plan will ramp up into 2025 and 2026. The initial rollout will start with what the company calls "very soft messaging.
>>UAW In Belvidere, Illinois Vote To Authorize Stellantis Strike
(Belvidere, IL) -- United Auto Workers in Belvidere, Illinois could be headed for a strike. UAW members voted yesterday to authorize a strike against Stellantis. The vote comes after UAW claimed the automaker is backing out of an agreement to reopen the Belvidere assembly plant. Stellantis said it delayed the reopening due to market conditions.
>>A24's "Heretic" Could Land Number One Spot At Box Office
(Undated) -- A24's new horror film "Heretic" may land the top spot at the box office this weekend. The film starring Hugh Grant is projected to make around eight-million-dollars in its debut. Meanwhile, "Venom: The Last Dance" is set to make around 12-million in its third weekend. However, some analysts expect "Heretic" to blow past projections and finish on top.
