>>Nasdaq Rebounds After Tech Sell Off
(New York, NY) -- Wall Street closed Tuesday with stocks higher. The Nasdaq rebounded after shedding more than three-percent on Monday over concerns of a Chinese owned AI startup company. It all comes as the Federal Reserve will wrap up it's latest policy meeting today and is widely expected to leave interest rates unchanged. At the closing bell, the Dow Jones Industrial Average gained 136 points to 44-850. The S&P 500 rose by 55 points to 60-67. The Nasdaq gained 391 points to 19-733.
>>OpenAI CEO Sam Altman Praises DeepSeek
(San Francisco, CA) -- OpenAI CEO Sam Altman calls emerging Chinese AI startup DeepSeek "impressive." Altman wrote on X that it's "invigorating to have a new competitor." DeepSeek launched its AI model R1 last week. It jumped to the number one free app position on Apple's U.S. App Store, overtaking OpenAI. Altman added that his company is working on new models, saying "the world is going to want to use a LOT of AI."
>>Federal Reserve Policy Meeting Underway
(Washington, DC) -- The Federal Reserve's two-day wraps up today. Investors believe the central bank will leave interest rates unchanged when the meeting concludes. It comes as the Fed weighs how the Trump administration's economic agenda might impact inflation and the economy as a whole.
>>Shareholders Worry About Musk's Politics Ahead Of Tesla Quarterly Report
(Austin, TX) -- Tesla investors are questioning Elon Musk about his role in the Trump White House and his recent straight-arm "salute" during the inauguration. The car company reports fourth-quarter earnings today, and ahead of the earnings call shareholder inquiries have been pouring in about Musk's politics, including his official role in the Trump administration and his endorsement of Germany's far-right AFD party. Many investors want to know if Musk is spending more time focusing on politics than on increasing Tesla's shareholder value, and some are asking him to address the "negative impacts" of his activities.
>>WAPO: Trump Fires Democrats At Independent Federal Agencies
(Washington, DC) -- President Trump is firing Democratic members of two independent federal commissions. The Washington Post says Trump fired two Democrats on the Equal Employment Opportunity Commission on Monday, as well as the Democratic chair of the National Labor Relations Board. A White House official called them "far-left appointees with radical records of upending long-standing labor law." All three Democrats say they are exploring their legal options against the administration. The NLRB member said her firing "violates long-standing Supreme Court precedent."
>>Trump Offering Buyouts To Federal Workers
(Washington, DC) -- The Trump administration is planning to offer buyouts to federal workers who don't want to return to the office. This "deferred resignation" would include a severance package of roughly eight months' pay and benefits. The administration says it expects five-to-ten percent of the federal workforce to quit. A senior administration official says that could lead to roughly one-billion dollars' in savings. The buyout offer is set to go out through a new system that allows officials the ability to email all federal employees at once. The resignation period opened Tuesday and runs through February 6th.
>>Philadelphia Whole Foods Workers Make History As First To Unionize
(Philadelphia, PA) -- Employees at a Whole Foods in Philadelphia are making history as the first Amazon-owned grocery chain to unionize. The president of the union said in a statement "Whole Foods and its parent company, Amazon, have long resisted unionization efforts, but this election shows that workers' determination and unity can triumph." Whole Foods said it was "disappointed" by the recent election.
