>>Stocks Close Mixed Amid Ukraine Worries
(New York, NY) -- Wall Street closed mixed Tuesday after starting the session in the red. Tech shares were the bright spot despite concerns about Russian warnings over Ukraine's use of longer-range missiles provided by the U.S. Nvidia, Tesla, Amazon and Walmart all provided lift to markets as stocks erased most of the day's losses. At the closing bell, the Dow Jones Industrial Average fell 120 points to 43-269. The S&P 500 rose 23 points to 59-17. The Nasdaq gained 195 points to 18-987.
>>Trump To Nominate Howard Lutnick As Secretary Of Commerce
(Washington, DC) -- President-elect Trump is expected to nominate Cantor Fitzgerald CEO Howard Lutnick for Secretary of Commerce. Lutnick is the co-chair of Trump's transition team. He had been reportedly in competition with hedge fund manager Scott Bessent for the role of Treasury Secretary.
>>Housing Starts Fall In October
(Washington, DC) -- Housing starts and building permits fell for the third straight month in October. New government figures show residential construction starts fell just over three-percent last month to an annual rate of one-point-three million units. Building permits, which signal future construction, fell just over a half-percent. New home construction in October was down nearly four percent from one year ago.
>>32 State AGs Urging Congress To Pass Kids Online Safety Act (Tallahassee, FL) -- More than 30 state attorneys general are joining a national effort to increase federal online protections for children. The bipartisan coalition is urging Congress to pass the bipartisan Kids Online Safety Act before the end of the year. The group says lawmakers need to address the growing crisis of youth mental health linked to social media use. A letter was recently sent to Congress to highlight several ways to enhance online safety, including providing parents with tools to identify harmful behavior and requiring platforms to enable their own protections. The latest move comes as many states have already launched investigations into popular social media companies.
>>Bose Acquires McIntosh
(Framingham, MA) -- Bose is acquiring luxury audio brand McIntosh. A release from Bose says the move will boost its current lineup. It doesn't appear that changes are set for existing products on either side, however, both companies are set to team up in the automotive division. The acquistion also includes stereo-maker Sonus faber. Financial terms of the deal were not disclosed.
>>Frontier Adding New Routes In 2025
(Denver, CO) -- Frontier Airlines is adding 16 new routes starting next year. The budget carrier will be expanding across the U.S. and Caribbean at the same time competitor Spirit Airlines is filing for bankruptcy. The new routes will be added in February and March across 21 airports, including Austin, Phoenix, Orlando, Los Angeles, Atlanta, Reno, Oklahoma City, Puerto Rico and more.
>>Most People Will Spend The Same Or Less Heating Their Homes This WInter
(Sacramento, CA) -- Most U.S. households will spend about the same or less on energy this winter, but some states may face higher costs due to colder weather. According to the Energy Information Administration, states like Michigan, Missouri, Ohio, Illinois, and Kansas might see natural gas bills rise by 10 to 15 dollars per month. In contrast, states in the West, such as California, Washington, and Oregon, may actually save on their gas bills. Electric heating may see a 2-percent increase, while natural gas prices will vary, with some areas dropping and others, like the Midwest, expected to rise by 11-percent.
