>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed mixed on Friday to cap what was a losing week. The Dow fell slightly for its seventh straight day of declines. Stocks struggled for direction while chipmaker Broadcom rallied more than 20 percent to hit a one-trillion dollar market cap. At the closing bell, the Dow Jones Industrial Average lost 86 points to 43-828. The S&P 500 fell less than a single point to 60-51 and the Nasdaq rose 23 points to 19-926.
>>Federal Reserve To Decide Interest Rates This Week
(Washington, DC) -- The Federal Reserve is set to begin its two-day policy meeting on Tuesday. The Fed is widely expected to cut interest rates once again when it announces its decision on Wednesday. It would be the third rate and final rate cut of the year with most economists expecting a quarter percentage point reduction. The Federal Funds rate -- which is the interest rate banks charge each other for short-term loans -- is currently four-and-a-half percent.
>>Amazon Unions Authorize Two New York Warehouses To Strike
(New York, NY) -- Amazon Teamsters say they're ready to strike in the midst of the holiday shopping seasons. The announcement Sunday comes after two New York warehouses voted to go on strike following Amazon's refusal to negotiate a new contract. The union had called on Amazon to agree to bargaining dates for a contract by December 15th. Thousands of Amazon workers went on strike late last month, asking for higher pay and better working conditions during one of the company's busiest weekends of the year. A spokesperson for Amazon says the Teamsters union is misleading the public and promoting false narratives. The two facilities serve 20 million people in the New York City metro area.
>>Apple Reportedly Working On Foldable Screens
(Cupertino, CA) -- Apple is reportedly working on foldable iPhones and iPads. According to multiple reports, the tech giant is said to be looking at launching the devices sometime in 2026 or possibly 2027. One of the biggest developments, according to reports, would be a foldable screen without the visible crease on existing folding screen tech.
>>NYC Law Ends Forced Apartment Broker Fees In 6 Months
(New York) -- The days of New York City apartment-hunters being forced to pay large up-front brokerage fees are just about over. Legislation shifting the burden of paying broker fees from tenants to the landlords who hire them became law on Saturday after passing the City Council with a veto-proof majority, and without the signature of Mayor Eric Adams. When the new policy takes effect in six months, New York will join most other places in the U.S., where the broker is paid by whomever hires them. Backers of the measure say the change will reduce high up-front costs which make it difficult for New Yorkers to move.
>>SpaceX Wants Public Vote On Plans To Form City Around Starbase
(Boca Chica, TX) -- SpaceX is asking Cameron County, Texas for permission to form a city around its property on Boca Chica Beach. The company has sent a petition to Cameron County Judge Eddie Trevino, Junior asking for an incorporation election. The new city would apparently be called Starbase, Texas. The company says it already performs some functions related to city government like road maintenance and providing schooling and medical care for residents.
