For Wednesday, June 11th, 2025
>>Stocks Close Higher
(New York, NY) -- Wall Street closed higher Tuesday investors awaited details on trade talks with China. At the closing bell, the Dow Jones Industrial Average gained 105 points to 42-866. The S&P 500 added 32 points to 60-38. The Nasdaq rose 123 points to 19-714.
>>U.S., China Reach Agreement In Trade Talks
(London) -- U.S. and Chinese officials have apparently reached a trade deal in London. Commerce Secretary Howard Lutnick told reporters after Tuesday's meeting that the two sides have reached a "framework to implement" a Geneva trade agreement following last week's phone conversation between President Trump and Chinese President Xi Jinping. The negotiators will now head back to their countries to seek approval from their leaders. Lutnick suggested that under the agreement, restrictions on sales of advanced technology to China could be rolled back if Beijing approves rare-earth exports.
>>Bill To Raise Minimum Wage
(Washington, DC) -- A bipartisan bill is seeking to raise the minimum wage. Republican Senator Josh Hawley and his cosponsor Democratic Senator Peter Welch filed the legislation on Tuesday to double the federal minimum wage to 15-dollars an hour. The bill would also set automatic increases to match inflation over time to prevent future standstills like the nation has faced since the last federal hike in 2009. The increase would take effect next year, when Hawley's home state of Missouri hikes its rate to the same level.
>>General Motors Investing $4B In U.S. Plants
(Detroit, MI) -- General Motors says it's investing four-billion-dollars in three U.S. plants, moving some production from Mexico. The plans announced Tuesday will bring assembly of the Chevrolet Blazer and Equinox to the U.S. The money will also be used to convert a Michigan plant that was expected to produce electric vehicles into making gas-powered SUVs and trucks. The move comes after President Trump imposed 25 percent tariffs on imported vehicles and auto parts.
>>Disney Agrees To Pay Comcast $438.7 Million For Hulu Stake
(Burbank, CA) -- Disney is taking full control of Hulu. The media giant has agreed to pay Comcast more than 438-million-dollars to buy its stake in the streaming service. Back in 2023, Disney paid Comcast eight-point-six-billion dollars when it announced it intended to buy Comcast's 33-percent stake. Disney CEO Bob Iger said the deal clears the way for "a deeper and more seamless integration" of Disney-Plus and Hulu content. The deal is expected to close by July 24th.
