For: June 10, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed mostly higher Monday to start the week. Stocks traded in a narrow range as a high-level U.S. delegation held trade talks with their Chinese counterparts in London. The new negotiations follow a phone call between President Trump and Chinese leader Xi Jinping last week which Trump described as a "very good" talk. At the closing bell, the Dow Jones Industrial Average lost a point to 42-761. The S&P 500 rose 5 points to 6,005. The Nasdaq gained 61 points to 19-591.
>>Waymo L.A. Service Suspension Over Protest Disruptions
(Los Angeles, CA) -- Waymo is suspending its robotaxi service in Los Angeles due to protests taking place in the city. According to the Los Angeles Police Department, demonstrators stopped various vehicles in the downtown area and ignited them, which officials warn can "release toxic gases" due to the lithium-ion batteries. Some of the vehicles were also broken into and vandalized with spray paint.
>>Noteworthy Economic Reports Ahead
(Undated) -- Coming up in today's business news, the National Federation of Independent Business, or NFIB, optimism index is due to be released. The following day sees the release of the consumer price index, which is the most widely followed inflation gauge.
>>Musk Debunks X Post After Incorrect AI Verification
(Undated) -- Elon Musk is pushing back against his own artificial intelligence chatbot over a fabricated social media post. It comes after Grok incorrectly verified a post on X reportedly showing a fake screenshot in which Musk appeared to reply to White House deputy chief of staff Stephen Miller, saying, "Just like I took your wife." When asked by an X user to verify the post, the AI chatbot responded that it "likely existed and was deleted," however, Musk has since rebuked the claim. Miller's wife, Katie, served as an adviser and spokesperson for Musk at the Department of Government Efficiency and was among those who left the White House alongside the Tesla CEO late last month.
>>Study: Living Comfortably Beyond Reach Of Median Salary
(Undated) -- An average wage isn't enough to live comfortably in the U.S., according to financial tech company SmartAsset. The median wage is at about 62-thousand dollars a year. But you need nearly 81-thousand dollars to live comfortably in West Virginia, the most affordable state in the study. "Living comfortably" in this case is defined as spending half your income on essentials like food and rent, 20 percent toward savings and paying off debt and the other 30 percent for whatever you want. Hawaii is the most expensive state, where it would take more than 124-thousand-dollars annually to meet that goal.
>>Warner Bros. Discovery Split Into Two Public Companies
(New York, NY) -- Warner Bros. Discovery is planning to split into two public companies. According to a company announcement, WBD will separate into a streaming and studios company, which will include its movie properties and streaming service HBO Max while a global networks company will include CNN, TNT Sports and Discovery. CEO David Zaslav will lead the streaming and studios company, and the company's current CFO will become CEO of the global networks business. Warner Bros. Discovery expects to complete the split by the middle of 2026.
>>Record Father's Day Spending Predicted
(Undated) -- Some 24-billion-dollars is expected to spent this year for Father's Day. That would be a record amount, according to the National Retail Federation, up more than seven percent from last year. Three out of every four people surveyed said they planned to celebrate the event in some way, this year on June 15th. Average spending is expected to come in at just under 200 dollars.
