For: June 25, 2025
>>Watching Wall Street After Stocks Close Higher On Tuesday
(New York, NY) -- The opening bell rings this morning after stocks soared yesterday, closing higher as oil prices fell sharply for a second straight day with investors continuing to digest developments in the Middle East. Airline stocks added lift to the broad-based rally with United, Frontier and Delta all climbing more than two percent. At the closing bell, the Dow Jones Industrial Average gained 507 points to 43-089. The S&P 500 added 67 points to 60-92. The Nasdaq rose 281 points to 19-912.
>>Owens Corning Closing Prineville Plant
(Prineville, OR) -- Prineville's economy will take a hit with the upcoming closure of the Owens Corning facility. The company has notified the state it'll start closing the facility in August. Owens Corning makes building materials. One-hundred-84 employees work at the facility. Most of the jobs will be cut in August with some employees remaining on the payroll through November to close the facility.
>>Powell: Was Considering Cutting Rates Until Trump Announced Tariffs
(Washington, DC) -- The head of the Federal Reserve says he was considering cutting interest rates until President Trump's tariff announcements. Fed Chair Jerome Powell told a House committee on Tuesday he decided against a rate cut, fearing the tariffs were raising the prospect of rising inflation. Powell added that a rate cut was unlikely in July. Trump has been at odds with Powell over rate cuts, nicknaming the Fed chief "Too Late Powell," claiming he was too slow to cut. Powell will be back on Capitol Hill today to deliver remarks to the Senate Banking Committee.
>>Consumer Confidence Dips
(New York, NY) -- Americans aren't feeling great about the economy. The consumer confidence reading dropped after sharply rising in May. Most economists had forecast the June index increasing. Conference Board analysts say the numbers suggest that consumers still anticipate a recession later this year.
>>Walmart Fined After Allegedly Enabling Wire Fraud
(Washington, DC) -- Walmart is agreeing to pay ten-million-dollars to settle a Federal Trade Commission investigation. The FTC alleged the retail giant allowed scammers to use its in-store money transfer services to defraud consumers out of hundreds of millions of dollars across the U.S. A years-long investigation by the FTC claimed that Walmart failed to implement sufficient anti-fraud safeguards, including proper employee training and customer alerts. According to the agency, these lapses enabled fraud-induced money transfers between 2013 and 2018 through Walmart's services and those operated in partnership with MoneyGram, Western Union, and Ria.
>>Home Prices Cool In April
(Washington, DC) -- Home prices are starting to cool due to rising supply and slowing demand. The latest S&P CoreLogic Case-Shiller National Home Price Index shows prices rose just two-point-seven percent in April compared to the previous year. That's down from a three-point-four percent annual increase in March and the smallest gain in nearly two years. New York, Chicago and Detroit saw the biggest increase in prices. Analysts say higher mortgage rates are keeping many potential buyers on the sidelines.
>>JetBlue To Integrate AirTag Location Sharing For Luggage
(New York, NY) -- JetBlue is the latest airline that will be able to track luggage using Apple AirTags. The airline says it's integrating the iOS software so customers can share the location of their tagged luggage with the airline. JetBlue is one of more than a dozen airlines that have announced similar plans.
>>Minnesota Timberwolves, Lynx Franchise Sale Approved
(Minneapolis, MN) -- The NBA says the sale of the Minnesota Timberwolves is official. The league announced the sale of the Timberwolves and the Minnesota Lynx after a unanimous vote made by the NBA Board of Governors Tuesday. The franchises are being sold for one-and-a-half-billion-dollars by Glen Taylor to a group led by former baseball All-Star Alex Rodriguez and businessman Marc Lore.
