>>Fresh Trading Week Kicks Off
(New York, NY) -- The opening bell rings this morning after stocks closed higher Friday to cap a volatile week. Stocks regained some ground after Federal Reserve Chair Jerome Powell said the central bank was seeking "greater clarity" on President Trump's policies before making its next move on interest rates. At the closing bell, the Dow Jones gained 222 points to 42-801. The S&P 500 added 31 points to 57-70. The Nasdaq rose 126 points to 18-196.
>>Several Noteworthy Economic Reports Due In The Coming Week
(Undated) -- Coming up in the business week ahead, things get off to a slow start with no major economic reports on the calendar today. Tuesday brings word on job openings and the National Federation of Independent Business index for February. The consumer price index - one of the Federal Reserve's preferred gauges of inflation - is due Wednesday, followed by the producer price index and weekly jobless claims on Thursday. The weeks wraps up with a preliminary look at consumer sentiment on Friday.
>>President Trump Says Tariffs Could Go Up
(Washington, DC) -- President Trump is warning that tariffs against Mexico and Canada could go up further. In an interview with Fox News' "Sunday Morning Futures," the President was asked if the business community would get clarity regarding his planned tariffs. In response he said tariffs could increase, insisting that he's committed to stopping the U.S. from being ripped off. Trump went on to say he delayed the tariffs until April 2nd in order to help American automakers and because he thought it would be fair to give Mexico and Canada a break.
>>Nasdaq Plans To Go To 24-Hour Trading
(New York, NY) -- The Nasdaq is planning to introduce 24-hour trading as demand grows globally for U.S. stocks. The plan needs regulatory approval along with coordination with other major players in the industry. It's expected the Nasdaq Stock Exchange will go to 24-hour trading during the week in the second half of next year. This is all according to a post on LinkedIn by Nasdaq President Tal Choen. In October, the New York Stock Exchange announced it would offer trading 22 hours a day during the work week.
>>On The Border Mexican Grill Announces Bankruptcy
(Irving, TX) -- A popular Tex-Mex food chain is filing for bankruptcy. The "On The Border Mexican Grill And Cantina" restaurant chain cited several factors for their decision including a decrease in customer dining due to inflation. The chain is owned by Argonne Capital Group, which currently operates 60 locations across the U.S. The group also operates franchises including IHOP and Applebee's. They will manage the restructuring process.
>>"Mickey 17" Tops Weekend Box Officer Despite Lackluster Showing
(Los Angeles, CA) -- Sci-fi comedy "Mickey 17" is topping the weekend box office despite a lackluster performance. The film grossed an estimated 19-point-one-million dollars on a budget of 118-million. Meanwhile, "Captain America: Brave New World" slid to second place at the box office, adding another eight-point-five million. The survival thriller "Last Breath" made an estimated four-point-two-million-dollar gross, with "The Monkey" and "Paddington in Peru" rounded out the top five in a slow weekend at the multiplex.
>>Report: Bills QB Josh Allen Signs Record Setting Contract
(Undated) -- Josh Allen has set a new standard across the NFL. According to ESPN, the Bills have signed their franchise quarterback to a six-year, 330-million-dollar contract through the 2030 season. The deal includes 250-million-dollars in fully guaranteed money. It's the largest guaranteed total given to an NFL player since the Cleveland Browns signed quarterback Deshaun Watson to a 230-million-dollar fully guaranteed contract. Allen now only trails Cowboys quarterback Dak Prescott for the player with highest average annual value. Prescott is making 60-million-dollars per season.
