For: April 25, 2025
>>Trading Week Winding Down
(New York, NY) -- The opening bell rings this morning after a higher close on Wall Street Thursday. Stocks were boosted by big tech companies like Nvidia, Tesla and Amazon. At the closing bell, the Dow Jones Industrial Average gained 486 points to 40-093. The S&P 500 rose by 108 points to 54-84. The Nasdaq gained 457 points to 17-166.
>>Housing Sales Slump In March
(Undated) -- High mortgage rates and worries over the economy are fueling a slowdown in the housing market. March sales of previously owned homes fell nearly six percent to just over four million, the slowest March since 2009. Numbers from the National Association of Realtors showed that sales were down across all parts of the country except for the West, thanks to strong job growth.
>>Nintendo Switch 2 Pre-Orders Are Sold Out
(Kyoto) -- The Nintendo Switch 2 is selling out. Pre-orders for the new video game console began at midnight Thursday at retailers including Best Buy, Target and Walmart. By Thursday afternoon, it was sold out at most retailers while Amazon had not yet listed the Switch 2 for sale. Updates are available at nintendo.com.
>>China Cancels Major Pork Shipments To U.S.
(Undated) -- China is canceling a massive shipment of pork that was meant for the U.S. On Thursday, the USDA noted that 12-thousand metric tons of pork shipments were canceled amid the ongoing trade wars between the two countries. It's the biggest cancellation of pork orders since the COVID-19 pandemic disrupted supply chains around the world.
>>NJ Transit Rescinds Offer to Train Engineers as Strike Deadline Nears
(Newark, NJ) -- New Jersey Transit is rescinding its previous contract offer to its railroad engineers, just weeks away from a potential strike in the middle of next month. NorthJersey-dot-com reports a letter sent to the general chairman of the railroad engineers union, Tom Haas, says the agency is prepared to re-engage in negotiations and proposes meeting on Monday. Last week, the voting members of the engineers' union voted down the latest contract offer. The New Jersey Business and Industry Association released a statement urging that the strike be averted. It is warning that if salary demands by the union are met, there would be a huge increase in the corporate transit fee. That is a tax paid by large corporations in New Jersey.
>>Saks Fifth Avenue Closing Iconic SF Union Square Location
(San Francisco, CA) --- San Francisco's Union Square is losing another iconic shop. Saks Fifth Avenue has announced it plans to close its Union Square location for good on May 10th. It was less than a year ago that Saks laid off dozens of employees at the store at went to "appointment-only" operations. Saks becomes the latest major retailer to close its Union Square location in recent years, joining Bloomingdales and Nordstrom.
