>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed higher to start the week. Stocks extended the post-election rally as the Dow Jones Industrial Average closed above 44-thousand at a new record high. Financial shares including JPMorgan Chase, Goldman Sachs and Citigroup helped lift markets as tech shares lagged. At the closing bell, the Dow gained 304 points to 44-293. The S&P 500 rose five points to 60-01. The Nasdaq added 12 points to 19-298.
>>New Laws To Mitigate Travel Headaches
(San Diego, CA) -- New laws will hopefully help you mitigate travel headaches this holiday season. They're supposed to help you during delays, cancelations, and lost luggage. Refunds for canceled or significantly delayed flights are now automatic and supposedly you won't have to jump through hoops to get your money back. And if your checked bag arrives more than 12 hours late, you're entitled to a refund for the baggage fee. Travel experts say you should use a luggage tracker like an Apple airtag.
>>Boeing Employees Prepare For Cuts
(Seattle, WA) -- The machinists strike is over at Boeing and now employees are bracing for layoff notices. Boeing plans to cut ten percent of its workforce, which would be around 17-thousand workers. Layoff notices could go out this week. Boeing's CEO says the company has lost 25-billion-dollars since 2019 following whistleblower reports, safety issues, and congressional hearings. Boeing has not said where the layoffs will be made.
>>Noteworthy Earnings Reports
(Undated) -- Some noteworthy earnings reports are scheduled for release today. They include Spotify, Home Depot, Instacart and Tyson Foods. Numbers from Cisco Systems are due on Wednesday, with Disney's eagerly-anticipated results out the next day.
>>NY State Comptroller Leads CrowdStrike Suit
(Albany, NY) -- New York State Comptroller Tom DiNapoli is leading the investors' lawsuit against Texas-based CrowdStrike after last summer's massive computer outage. The outage disrupted banks, airlines, supermarkets and many other industries costing billions, with CrowdStrike's failed software update blamed. CrowdStrike's stock plummeted and DiNapoli is leading the class action suit on behalf of investors including the NY State Common Retirement Fund, of which he is a trustee and which serves about a million government employees. DiNapoli argued "CrowdStrike misled investors by falsely touting its safeguards and quality assurance."
>>Allegiant Air Pilots Vote To Authorize Strike
(Las Vegas, NV) -- The pilots of Allegiant Air are voting in favor of a strike. The Teamsters Union, which represents 13-hundred Allegiant Airlines Pilots, says members have voted to approve a strike if a new agreement isn't reached. If there is a strike, it could disrupt holiday travel because it won't start for a couple of weeks. Allegiant is a Las Vegas-based low-budget carrier.
>>SpaceX Tied Reusable Booster Record
(Cape Canaveral, FL) -- SpaceX is celebrating a record-tying launch of its Falcon 9 boosters. Monday's launch that carried a Korean communications satellite into space was the 23rd for the first-stage booster. That ties the mark set by two other Falcon 9 boosters that are both out of service. The reusable booster landed about seven miles away at Cape Canaveral Space Force Station. It was a busy day for SpaceX, as later it launched a second a Falcon 9 rocket into space -- this one carrying another batch of Starlink satellites into orbit.
>>Halo Power Stations Recalled Over Fire Risk
(Washington, DC) -- Portable Halo power stations are being recalled because they pose a fire risk. The Consumer Product Safety Commission says more than 57-hundred of the Halo 1000 power stations are being recalled because they have lithium batteries that have been connected to fires. A 79-year-old man in Bradenton, Florida died of smoke inhalation following a 2022 fire involving one of the power stations. Consumers are being told to stop using the power stations immediately. They can call the Halo recall hotline and get a free replacement.
