>>Opening Bell To Ring After Stocks Got Torched On Monday
(New York, NY) -- The opening bell rings this morning after a brutal day for stocks on Wall Street Monday. All three major indexes finished deeply in the red as recession fears rattled markets and a three-week sell-off picked up steam over concerns about Trump administration tariffs. At the closing bell, the Dow Jones lost 890 points to 41-911. It had been down over one-thousand-points at times throughout the day. The S&P 500 fell 155 points to finish at 56-14. The Nasdaq plunged 727 points to 17-468.
>>Ontario Imposes 25% Increase On Electricity Exports
(Toronto) -- Electricity exports from Ontario, Canada to the U.S. are being hit with a surcharge. Ontario Premier Doug Ford announced a 25-percent increase Monday. This comes as President Trump has launched a trade war with Canada by imposing tariffs. One-point-five-million Americans in Michigan, Minnesota and New York get electricity from Ontario. Ford said if the U.S. escalates then he will not hesitate to shut the electricity off completely.
>>Hacker Group Behind X Outage
(Undated) -- A hacker group is reportedly claiming responsibility for today's X outage. Multiple reports say the group known as Dark Storm has said they were behind Monday's issues suffered by the social media platform formerly known as Twitter. X owner Elon Musk confirmed what he called a "massive cyberattack against X." Downdetector, an online tracker of service outages, noted tens of thousands of users complaining of being unable to access X. Among the issues, users reported being unable to load content in the main feed, with notifications and messages inaccessible.
>>Tesla Stock Sees Worst Day Since 2020
(Austin, TX) -- Tesla stock is down to its lowest level since before the presidential election. Shares fell 15 percent Monday, closing down more than 50 percent from its record closing high of 479-dollars on December 17th. It was the worst day for Tesla stock since September 2020.
>>NOAA Cuts 1,000 More Jobs
(Washington, DC) -- More government job cuts are coming at the nation's weather, climate and oceans agency. The National Oceanic and Atmospheric Administration is cutting more than a thousand staffers as part of President Trump's mandated federal workforce firings. This is in addition to the about 13-hundred workers at NOAA who have already been laid off or resigned recently. Some activities at NOAA, including launching weather balloons, have been suspended over worker shortages.
>>Consumer Debt Hit $5 Trillion in January
(Washington, DC) -- Consumer debt hit five-trillion dollars as of January. According to the Federal Reserve, that's up slightly from the previous month but still down about a half-percent compared to a year ago. Revolving debt which includes credit card balances jumped over eight percent on an annual basis. Other debt, such as auto loans and student loans rose three-percent during the same period. In the last year, credit card debt rose to a record one-point-two trillion dollars as Americans spent more on goods and services.
>>Netherlands-Based AI Company To Open Data Center In NJ
(Vineland, NJ) -- An AI infrastructure company based in the Netherlands is announcing plans to build a new data center in New Jersey. Nebius says the 300 megawatt center is on track to open as soon as this summer in Vineland. It will be the second U.S. location for Nebius and will expand the company's presence in America. The facility will include scores of computer servers to support the internet and artificial intelligence.
>>Jury Clears Disney In Moana Copyright Infringement Case
(Los Angeles, CA) -- A jury says Disney didn't steal any ideas for its hit 2016 movie Moana from a man's story about a surfer boy. A five-year legal battle ended Monday when the Los Angeles jury cleared Disney of copyright infringement charges. Buck Woodall took the entertainment giant to court, claiming Moana lifted from his script called Bucky the Surfer Boy that he says he gave to a relative who had ties to Disney. While this case has been cleared, Woodall has another 10-billion-dollar claim against Disney over the 2024 sequel, Moana 2.
