>>Trading Week Winds Down
(New York, NY) -- The opening bell rings this morning after stocks closed lower on Wall Street Thursday. The down day came as Federal Reserve chairman Jerome Powell delivered remarks in Dallas and said the central bank doesn't need to be in a hurry to cut interest rates. It's also as the postelection rally continues to lose steam after it pushed the major averages to new milestones. At yesterday's closing bell, the Dow Jones Industrial Average fell by 207 points to 43-750. The S&P 500 fell by 36 points to 59-49. The Nasdaq dropped by 123 points to 19-107.
>>Weekly Jobless Claims Trend Lower
(Washington, DC) -- Weekly jobless claims fell in the week ending November 9th. The Labor Department reported Thursday that it received 217-thousand initial requests for unemployment benefits. That's down from 221-thousand the week prior and not far off from the 220-thousand most analysts had been expecting.
>>Dept Of Government Efficiency
(Washington, DC) -- The new Department of Government Efficiency is looking for employees. The department, which Donald Trump announced will be led by Elon Musk and Vivek Ramaswamy, posted on social media that it's looking for "super high-IQ small-government revolutionaries willing to work 80-plus hours per week on unglamorous cost-cutting." Musk re-tweeted the post and commented "this will be tedious work, make lots of enemies, and compensation is zero." The social media post says interested applicants can DM the department account on X.
>>Advance Auto Parts Closing 700 Stores
(Raleigh, NC) -- Advance Auto Parts is closing more than 700 locations nationwide. The North Carolina based retailer says the closures are part of its business-restructuring plan. Roughly 500 corporate stores and 200 independently owned stores will close by mid-2025. It's not clear yet which locations will shut down, but there are about 250 stores in Ohio alone. The company has about 48-hundred locations nationwide.
>>Disneyland's Tiana's Bayou Adventure Opens Today
(Anaheim, CA) -- Disneyland is getting ready to open its newest attraction. Tiana's Bayou Adventure, which is based on the animated film "The Princess and the Frog," officially opens to the public today. The ride picks up after the events of the movie and lasts about ten minutes. There will be a virtual queue for the first few opening days of Tiana's Bayou Adventure, which can be joined through the Disneyland app.
