For: June 24, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening rings this morning after Wall Street saw stocks close higher following what was seen as a muted response by Iran to U.S. attacks over the weekend. Stocks rose and oil prices slid after Iran fired a number of missiles at a U.S. military base in Qatar, resulting in zero casualties. At the closing bell, the Dow Jones Industrial Average gained 374 points to 42-581. The S&P 500 added 57 points to 60-25. The Nasdaq rose 183 points to 19-630.
>>Fed Chair To Testify On Capitol Hill
(Undated) -- Fed Chairman Jerome Powell is headed to Capitol Hill today where he's scheduled to testify before the House Financial Services Committee - a week after the central bank announced it would be leaving interest rates unchanged for now. He'll be presenting the Fed's monetary policy report amid pressure from President Trump to cut rates. Powell will return on Wednesday to deliver remarks to the Senate Banking Committee.
>>Existing Home Sales Edge Higher In May
(Washington, DC) -- Sales of previously owned homes rose slightly in May to an annual rate of just over four-million units. According to the National Association of Realtors, existing home sales edged up eight-tenths percent for the month, but were still down from May of last year. Housing analysts were predicting a one percent decline as mortgage rates remain high. The median sale price last month was nearly 423-thousand dollars as home prices hit another record high.
>>Target Not Raising Prices On School Supplies
(Minneapolis, MN) -- Target says it won't raise prices on back-to-school items this year. The retailer said Monday it will also offer discounts for students and teachers. This is all ahead of the company's annual Target Circle Week, which offers deals on school supplies and electronics starting July 6th.
>>SCOTUS Declines To Hear Tesla's LA Sales Ban Case
(Washington, DC) -- The Supreme Court is declining to intervene in Tesla's case against Louisiana's ban on direct sales by automakers. In 2022 Elon Musk's Tesla sued members of the Louisiana Motor Vehicle Commission and the Louisiana Automobile Dealers Association. The company claimed they were abusing their control of the commission to take aim at Tesla's sales model and push it from the market. The law prohibits car manufacturers from directly selling to consumers which Tesla said violates its due process. Louisiana's Attorney General sought to stop the case from moving forward, but the justices declined to intervene in the matter.
>>Hundreds Of Rite Aid Stores Designated For Closure
(Philadelphia, PA) -- Rite Aid is closing more than 800 stores. The latest round of more than 100 location closures across eleven states including California, New York and Pennsylvania were unveiled in court documents on Friday. The company is in the process of selling some of its storefronts and prescription files to other retail pharmacy chains, and it has been listing dozens of stores designated for closure weekly as part of its second bankruptcy filing. The closures are pending court approval and could face objections.
>>Memphis Airport May Be Renamed To Honor FedEx Founder Fred Smith
(Memphis, TN) -- Memphis International Airport may soon be renamed in honor of FedEx founder Fred Smith, who died Saturday at the age 80. Airport officials say a resolution could be introduced at next week's board meeting to explore the renaming. Smith launched FedEx in 1973, turning it into a global shipping giant with deep ties to the city. The airport credited him as a transformative figure in Memphis's growth and economy.
