For: April 24, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed higher on Wall Street Wednesday. This, as President Trump said the current 145-percent tariff against China is very high and will likely eventually come down. At yesterday's closing bell, the Dow gained 419 points to 39-606. The S&P 500 gained 88 points to 53-75. The Nasdaq rose by 407 points to 16-708.
>>Alphabet Results Due Today
(Undated) -- Google parent company Alphabet is set to release first-quarter earnings after the closing bell on Wall Street today. Also of note, the latest data on existing home sales will be released along with weekly jobless claims. Most analysts are expecting only a slight uptick in the number of Americans filing first-time claims for unemployment benefits.
>>A Dozen States Sue Over Tariffs
(Washington, DC) -- A dozen states are suing the Trump administration over the president's sweeping tariffs. Attorneys general from New York, Arizona, Illinois, Colorado and Minnesota are among those who joined the lawsuit filed in the U.S. Court of International Trade in Washington, DC on Wednesday. In a statement, New York Attorney General Letitia James said, "The president does not have the power to raise taxes on a whim, but that's exactly what President Trump has been doing with these tariffs." The states are seeking a court order declaring the tariffs illegal. Arizona Attorney General Kris Mayes called the tariffs "economically reckless" and "illegal."
>>Gamers Report Issues Pre-Ordering Switch 2
(Tokyo) -- Gamers have reported problems with pre-ordering the new Nintendo Switch 2. Pre-orders opened at midnight for the much-anticipated video game console. The Switch 2 comes out June 5th, but pre-orders are selling fast through third-party retailers including Best Buy, Walmart and Target. Some gamers, however, have reported technical issues while placing their order, including being told their orders were canceled, waiting in long lines, and retailers saying they're running out of stock. On Wednesday, Nintendo's president said the company has already received more pre-orders in Japan for the Switch 2 than it can deliver by June 5th.
>>Eli Lilly Suing Over Copycat Drugs
(Indianapolis, IN) -- Pharmaceutical giant Eli Lilly is suing four telehealth companies, accusing them of selling copycat versions of the weight loss drug Zepbound and diabetes treatment Mounjaro. The lawsuits, filed Wednesday, argue Mochi Health, Fella Health, Willow Health and Henry Meds have been deceiving customers with untested and unapproved drugs. Companies were allowed to offer some versions of drugs when there were shortages in 2022. That was supposed to stop last month after the FDA declared the shortage over, but some companies have tried to get around that by offering slightly different versions of popular drugs.
>>California Economy Now 4th Largest In The World
(Sacramento, CA) -- California's economy is growing. Governor Gavin Newsom says his state's economy has overtaken Japan to become the world's fourth-largest economy. Newsom cites new reports from the International Monetary Fund and the U.S. Bureau of Economic Analysis, which say the state's GDP reached over four-trillion dollars, slightly surpassing Japan's total. California is now only behind the United States, China, and Germany in global rankings.
>>FBI: Internet Scams Hit All-Time High
(Washington, DC) -- Americans are being ripped off by cybercriminals at record amounts. A new report from the FBI Internet Crime Complaint Center says scammers and cybercriminals stole a record 16-point-six-billion dollars from Americans last year. That's a 33-percent increase from 2023. A spokesperson for the FBI's Cyber Division says they received over 850-thousand claims of scams, fraud and internet crimes in 2024, and over 80 percent of those victims reported losses due to theft of money, data or identity. Victims age 60 or older were the most impacted.
>>Billy McFarland Puts Fyre Festival Up For Sale
(New York, NY) -- The founder of Fyre Festival is putting the brand up for sale. This comes just a week after a sequel to the failed event that was set to take place in Mexico was indefinitely postponed. In a statement, Billy McFarland said the brand is now bigger that what he's able to lead on his own. He also claimed a new location for Fyre Festival 2 has been found, but said it's clear in order for it to succeed he will need to step back and allow a new team to move forward independently. McFarland pleaded guilty to wire fraud charges related to the first Fyre Festival in 2018.
>>NYC To Host Crypto Summit
(New York, NY) -- The Big Apple is gearing up to host its first crypto summit next month. New York City Mayor Eric Adams says those expected to attend include founders, CEOs and investors from the cryptocurrency, blockchain and fintech industries. Adams says attendees manage more than one-trillion-dollars in assets that he's looking to attract to the Big Apple. In 2022, Adams became the first U.S.mayor to have his first three paychecks converted into Bitcoin and Ethereum.
