>>Ahead Of The Bell
(New York, NY) -- The trading week kicks off with this morning's opening bell after stocks tanked Friday and the week skidded to a close on Wall Street. The downturn followed a steep drop in consumer sentiment coupled with other data that raised new concerns about the state of the economy. At the closing bell, the Dow Jones Industrial Average fell 748 points to 43-428. The S&P 500 lost 104 points to 60-13. The Nasdaq dropped 438 points to 19-524.
>>In The Business Week Ahead
(Undated) -- Coming up in the business week ahead, there are no major economic reports on today's calendar. Consumer confidence, along with the S&P Case-Shiller home price index are due on Tuesday. Wednesday brings new home sales data, with pending home sales numbers released the following day. Weekly jobless claims also come out Thursday and most analysts are expecting a slight increase in first-time requests for unemployment benefits. Things wrap up with Friday's release of yet another noteworthy inflation gauge - the personal consumption expenditures price index.
>>Egg Price Plan
(San Antonio, TX) -- The Trump Administration is plotting a new strategy to combat soaring egg prices. Instead of wiping out whole flocks of chickens, due to a single case of the bird flu, it would be more targeted. Texas Agriculture Commissioner Sid Miller is on board with the plan, saying farmers know what's best for their flocks.
>>'Uber With Guns' Now Available In L.A., NY
(Los Angeles, CA) -- An app that's been nicknamed "Uber With Guns" is now available in both Los Angeles and New York City. "Protector" allows users to summon an on-demand ride with bodyguards protecting them. The bodyguards are military and law enforcement professionals who are armed with guns. Users can also choose the number of protectors they want during their ride and choose up to three vehicles to be included in their motorcade. There are four options to pick from for the bodyguards' dress code. They range from business casual, which is a lighter suit with no tie, to operator, which is a full-on SWAT outfit.
>>Coinbase Says SEC Is Dropping Its Lawsuit
(New York, NY) -- The largest U.S.-based cryptocurrency exchange says the SEC is dropping its lawsuit against it. This could be a signal that the Trump administration plans to take a softer approach to the crypto industry as a whole. The exchange, Coinbase, said in a release titled "Righting a major wrong" that the Securities and Exchange Commission agreed to dismiss a Biden administration-era lawsuit. It accused Coinbase of acting as an unregistered securities broker.
>>Tesla Recalls 375K Vehicles To Fix Power Steering Issues
(Washington, DC) -- Tesla is recalling more than 375-thousand vehicles in the U.S. to fix a power steering issue. According to the National Highway Traffic Safety Administration, the recall involves Model 3 and Model Y vehicles with operating software prior to 2023, The agency said the issue could cause a loss of power steering when the vehicle stops and then accelerates again. Tesla has released an automatic software update free of charge. Owners of the recalled vehicles are also being notified by mail.
