For: April 28, 2025
>>Watching Wall Street
(New York, NY) -- The opening bell rings this morning as Wall Street kicks off a fresh trading week. As things wrapped up Friday, the major averages all posted weekly advances with the tech-heavy Nasdaq up more than six percent despite tariff uncertainty. At the closing bell, the Dow Jones Industrial Average gained 20 points to 40-113. The S&P 500 rose 40 points to 55-25. The Nasdaq gained 216 points to 17-382. Investors this week will be keeping an eye out for earnings results from a trio of heavy-hitters: Amazon, Facebook parent company Meta and Apple.
>>Busy Week Ahead With Notable Economic Reports Due
(Undated) -- The week starts off with no major economic reports on the calendar for today. Things will pick up tomorrow with word on consumer confidence, job openings and the S&P Case-Shiller home price index. The focus in on first quarter GDP the following day along with ADP's employment report, pending home sales plus personal income and spending. Thursday brings weekly jobless claims with most analysts expecting an increase of at least a few thousand from the previous week. Also, look for auto sales data to be released throughout the day. The week wraps up Friday with the always highly-anticipated monthly employment report.
>>Consumer Sentiment Falls 8% In April
(Ann Arbor, MI) -- Consumer sentiment is down for the fourth straight month. The University of Michigan's final reading for April plunged eight percent from March with across the board declines among all age and income groups. Inflation expectations for the year ahead surged to their highest level since 1981. The survey noted the uncertainty over trade policy and the potential for a resurgence in inflation has many consumers worried. The survey's chief economist predicted consumer spending is "unlikely to remain strong" given all the warning signs.
>>Poll: Most Americans Disapprove Of Trump's Tariffs
(Undated) -- Nearly two-thirds of Americans disapprove of President Trump's tariffs. A new ABC News-Washington Post-Ipsos poll released Friday reveals seven-in-ten think the tariffs will increase U.S. inflation. Nearly half of Republicans polled think the tariffs will have a negative impact on inflation. The number rises to 75 percent among independents. Fifty-nine percent think President Trump's tariffs will have a positive impact on creating manufacturing jobs in the U.S. -- that includes 90 percent of Republicans and 60 percent of independents.
>>Survey Finds Financing Groceries On The Rise
(Undated) -- New data from Lending Tree shows a growing number of Americans relying on loans to buy groceries. A survey of two-thousand consumers ages 18 to 79 found that half reported using credit to help cover the cost of food. Lending Tree said 25-percent of those surveyed said they used buy now, pay later loans to buy groceries. The survey also found a seven-percent increase in those who made late payments on a buy now, pay later loans in the last year.
>>Worst-Paying College Majors, 5 Years After Graduation
(New York, NY) -- A college education does not equal high pay in the working world, especially for students in the arts. A new report from the Federal Reserve Bank of New York found that graduates who major in education, social work or the arts usually earn the lowest median incomes five years after finishing school. The report included only full-time workers with a bachelor's degree and excludes those still enrolled.
>>Jack In The Box Closing 200 'Underperforming' Locations
(San Diego, CA) -- Jack in the Box is set to close up to 200 locations. The fast-food company says the restaurants involved in its planned closure program are ones that were underperforming. Jack in the Box said nearly 80 to 120 of the restaurants it plans to shut down will close for good before the end of the year.
