>>Wall Street Welcomes Fresh Trading Week
(New York, NY) -- The opening bell rings this morning after trading wrapped up in the red on Wall Street Friday. Concerns about interest rates further derailed the post-election rally. Stocks tumbled with big tech and pharmaceutical shares leading the broad market decline. At the closing bell, the Dow Jones Industrial Average fell by 305 points to 43-445. The S&P 500 fell by 78 points to 58-70. The Nasdaq dropped by 427 points to 18-680.
>>Economic Reports On The Horizon
(Undated) -- Coming up in the business week ahead, things get rolling today with the home builder confidence index. Chicago Fed President Austan Goolsbee, who serves as CEO and president of the Federal Reserve Bank of Chicago, will also be delivering opening remarks at the fall conference of the Bank's Financial Markets Group. Tuesday brings word on housing starts and building permits. Expect remarks from Fed governors Lisa Cook and Michelle Bowman the following day. Existing home sales and weekly jobless claims are due Thursday with the week winding down with consumer sentiment data on Friday.
>>Earnings Reports Coming Up
(Undated) -- There are at least three noteworthy earnings reports to keep an eye out for this. Walmart kicks things off Tuesday with third-quarter results ahead of the opening bell. Chipmaker Nvidia releases its results the following day after the markets close. Farm equipment maker Deere & Company is in the spotlight Thursday.
>>Judge Halts InfoWars' Sale To The Onion
(Houston, TX) -- The judge in Alex Jones' bankruptcy case is holding up "The Onion's" acquisition of InfoWars. On Wednesday, the satirical publication won a bankruptcy auction to take control of Jones' InfoWars. During an emergency hearing in Houston on Thursday, the judge said he had concerns over how the auction was held and ordered a hearing be held next week to determine if it conducted fairly. Although it's unclear exactly what the motive was, Elon Musk's social media platform petitioned the court the same day to be included in any future communications about the case. "The Onion" won the auction with the backing of Sandy Hook families. Jones was ordered to pay almost one-point-five-billion dollars to families of victims of the 2012 elementary school shooting in Newtown, Connecticut for repeatedly claiming the mass shooting was a hoax.
>>Ford Agrees To $165-Million NHTSA Penalty
(Washington, DC) -- The National Highway Traffic Safety Administration has hit Ford Motor Company with the second-largest auto penalty ever. The penalty comes from Ford failing to satisfy federal recall requirements. Ford has agreed to pay 65-million-dollars in advance out of the 165-million-dollar-penalty the NHTSA said in a release. The penalty was issued over Ford's failure to file timely recall reports for its faulty rollover safety cameras on many of its vehicles including Explorer SUVs and F-150 trucks. The NHTSA reported 15 notices of the cameras showing blank screens.
>>Taylor Swift Fans FIle New Ticketmaster Lawsuit
(Undated) -- Hundreds of Taylor Swift fans are filing another lawsuit against Ticketmaster, accusing the company of colluding to drive of ticket prices. The latest suit, filed Friday in California, charges Ticketmaster and its parent company Live Nation of "a pattern of racketeering activity" to make ticket buyers spend more than then were led to believe. The suit claims Ticketmaster works with stadium venues and others to inflate prices. This is on top of a federal suit by the Justice Department in an attempt to break up Ticketmaster for running an alleged monopoly.
>>SpaceX Starship Test Flight Could Launch Today
(Brownsville, TX) -- The next test flight of the SpaceX Starship rocket could launch as soon as today. If there aren't any delays, the massive 400-foot rocket could lift off this evening from the SpaceX Starbase near Brownsville. This comes close to a month after the last test flight of the Starship rocket, the spacecraft that's expected to aid NASA in its upcoming lunar missions. The last test was also the first time the company successfully "caught" the booster rocket as it descended to the ground after detaching from the Starship rocket.
