>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after Wall Street closed lower Tuesday as the Dow Jones Industrial Average extended its losing streak. The blue-chip index pulled back for a ninth straight session on the eve of the Federal Reserve's decision on interest rates. Analysts say the Dow's losses are being driven as investors rotate into technology stocks following the post-election rally. At the closing bell, the Dow lost 267 points to 43-449. The S&P 500 lost 23 points to 60-50 and the Nasdaq fell 64 points to 20-109.
>>Federal Reserve Decision On Interest Rates
(Washington, DC) -- The Federal Reserve is set to wrap up its two-day meeting with an announcement on interest rates. The Fed is widely expected to cut interest rates once again, marking the third 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.
>>Grubhub Settles Deception Case For $25M
(Chicago, IL) -- Grubhub is paying 25-million-dollars to settle accusations it misled customers about the cost of their delivery. The Federal Trade Commission had also accused the delivery service of misleading drivers about how much they could earn. The practice in some cases resulted in a delivery that cost twice as much as what was originally advertised. As part of the settlement announced on Tuesday the company must tell customers the full cost of delivery.
>>Walmart Testing Employee Body Cameras
(Bentonville, AR) -- Walmart is testing out putting body cameras on some of its employees with a focus on employee safety. One photo from a store in the pilot program showed a poster with directions on how to use the camera in case an encounter with a customer is escalating. A recent survey found around 35 percent of retailers are researching the use of body cameras for employees and loss-prevention personnel.
>>Report: Honda, Nissan Talking Merger
(Undated) -- Honda and Nissan are reportedly talking about a possible merger. The Nikkei financial newspaper reports the Japanese automakers are considering the move to help them compete better in the EV market. According to the report, Honda and Nissan would operate under a single holding company and would consider bringing in Mitsubishi to form one of the world's largest auto groups. Nissan is Mitsubishi's top shareholder. Honda and Nissan are trying for a larger share of the EV marketplace that's dominated by Tesla and Chinese automakers.
