For: May 27, 2025

 

>>Abbreviated Trading Week 

(Undated)  --  The opening bell rings this morning, kicking off a Memorial Day holiday-shortened trading week.  Today's open follows Friday's lower close on concerns about tariffs.  At the closing bell, the Dow Jones Industrial Average fell 256 points to 41-603.  The S&P 500 lost 39 points to 58-02.  The Nasdaq dropped 188 points to 18-737.  

 

>>Noteworthy Economic Reports    (Undated)  --  There are a number of noteworthy economic reports expected out this week.  The latest data on consumer confidence will be released today.  The focus shifts tomorrow to the release of minutes from the Federal Reserve's May meeting.  Weekly jobless claims, the first revision of GDP and pending home sales are due Thursday.  Things wrap up Friday with personal income, spending and consumer sentiment.

 

>>Report: True Unemployment At 24%

(Undated)  --  The unemployment rate may be near a 50-year-low, but a new report shows the "functional unemployment" rate is much higher.  The Ludwig Institute for Shared Economic Prosperity looked at unemployed workers, people who can't find full-time employment and people stuck in jobs where they can barely afford to live.  Using those metrics, the report estimates the true unemployment rate is around 24 percent.  That's compared to the four-point-two percent most recently put out by the Labor Department.

 

>>SpaceX Expects Starship Launch

(Starbase, TX)  --  SpaceX expects to launch its ninth Starship test later today.  The company issued a warning about possible loud noises that may be heard in the area of the south Texas launch site.  SpaceX CEO Elon Musk is also planning a company talk called "The Road to Making Life Multiplanetary" today.  His comments will be live-streamed on the SpaceX social media account.

 

>>Colorado Grocery Store Workers Consider Strike Amid Contract Dispute

(Denver, CO)  --  Union employees at Safeway and Albertsons grocery stores across Colorado are considering a strike after eight months of contract negotiations.  UFCW Local 7 says the company is proposing lower wage increases, healthcare cuts, and pension reductions, while backtracking on retroactive pay.  Strike authorization meetings begin Friday, with votes scheduled through early June.  Safeway says it's negotiating in good faith and aiming for a fair deal.