For: June 5, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed mixed on Wall Street Wednesday. That came after an ADP payrolls report showed private sector hiring hit its lowest level in over two years. At yesterday's closing bell, the Dow Jones Industrial Average fell by 91 points to 42-427. The S&P 500 gained less than a point to 59-70. The Nasdaq rose by 61 points to 19-460. Traders will have further data to comb through today with the release of weekly jobless claims and then it will be on to Friday's always closely-watched jobs report. That's expected to show 125-thousand new jobs created last month, versus 177-thousand the month prior.
>>Elon Musk Calls For New Spending Bill
(Washington, DC) -- Elon Musk is calling for President Trump's so-called "big, beautiful bill" to be killed. In a post on X, Musk said, "A new spending bill should be drafted that doesn't massively grow the deficit and increase the debt ceiling by five-trillion dollars." In a later post, the tech billionaire urged Americans to call their senators and congressmen, saying "Bankrupting America is not OK! Kill the bill!" Musk has been highly critical of the spending bill in the days since ending his work with DOGE for the White House. On Tuesday, he called it a "disgusting abomination."
>>Feds Cutting Back On Inflation Data Collection
(Washington, DC) -- The Bureau of Labor Statistics is scaling back the data it collects on consumer prices, the basis for measuring inflation. Every month, federal workers visit stores across the country to check the prices of things like eggs, haircuts and countless other goods and services. The bureau said Wednesday it was scaling back in some areas and had stopped collecting data entirely in Buffalo, New York; Lincoln, Nebraska; and Provo, Utah. It said it makes cuts when the resources are no longer there to support data collection, while also saying the cutbacks would have a minimal impact on inflation estimates.
>>Nintendo Switch 2 Launch
(Undated) -- The Nintendo Switch Two is out, hitting shelves today - at least in theory. All major retailers are sold out through pre-orders, but some are expecting to be restocked at some point for today's launch day. The console is priced at 449-dollars or 499-dollars bundled with Mario Kart World.
>>Ford Issues Pair Of Recalls
(Dearborn, MI) -- Ford Motor Company is recalling more than 550-thousand vehicles. According to the NHTSA, the recall was issued due to airbag and structural concerns that could increase the risk of crashes and injuries. The recall affects 2025 Ford Maverick models as well as 2016 to 2017 Ford Explorers. Owners can contact Ford customer service if their vehicle is impacted.
>>Forbes' Lists Most Successful Self-Made Women
(Undated) -- Forbes is out with its annual list of the country's most successful self-made women. There's 38 billionaires on the list of 100 entrepreneurs, executives and entertainers, that's seven more than last year. At the top of the list for the eighth year in a row is the richest, Diane Hendricks, owner of building materials company ABC Supply. Three new billionaires are on the list, majority owner of the National Women's Soccer League's Washington Spirit, Michele Kang, co-owner of the league's San Diego Wave Lauren Leichtman, and investor Maky Zanganeh [[ mack-ee zang-ah-neh ]] who runs Summit Therapeutics. Musician and actress Selena Gomez is also on the list this year with an estimated net worth of 700-million dollars. Most of that comes from her stake in Rare Beauty, a cosmetics company worth more than one-point-three billion dollars.
>>Hooters Shuts Several Locations
(Atlanta, GA) -- Hooters on Wednesday closed more than 30 restaurants across several states. The company, which has been closing locations since last year, said the move was a difficult decision. The company didn't provide a complete list of closures, but some of the affected locations are in Alabama, Florida, Georgia, Indiana, Illinois, Michigan, the Carolinas and Texas.
>>Americans Say Tipping Culture Is 'Out Of Control'
(Undated) -- More Americans say tipping culture is 'out of control.' According to a new Bankrate survey, 41-percent of respondents said tipping culture has gotten out of control, while that share rose to 45-percent amongst Gen Xers and baby boomers. While Bankrate found older generations are more likely to hold negative attitudes about tipping, they're also more likely to tip. The survey also found pre-entered tip screens have become a particular pain point for consumers, with nearly two in five respondents saying they find them annoying.
