For Wednesday, September 10th, 2025
>>Stocks Close Higher As S&P 500, Nasdaq Hit New Records
(New York, NY) -- Wall Street closed higher Tuesday despite concerns about the economy. All three major averages closed at record highs as investors looked past the big downward revision to U.S. job creation data. A surge in UnitedHealth shares helped lift the market ahead of two key inflation reports starting with Wednesday's producer price index. At the closing bell, the Dow Jones Industrial Average gained 196 points to 45-711. The S&P 500 added 17 points to 65-12. The Nasdaq rose 80 points to 21-879.
>>SCOTUS To Decide If Most Of Trump Tariffs Are Legal
(Washington, DC) -- The Supreme Court will hear arguments on whether tariffs implemented by President Trump are legal. The focus will be on Trump using a law meant for times of emergency to impose the duties without the help of Congress. The high court agreed to take two different cases that cover most of the tariffs including one filed by the Trump administration in response to an Appeals Court ruling late last month that said he had went above his authority. The other case is a challenge made by two companies. The tariffs will stay in place until the court makes a decision.
>>Wholesale Prices Unexpectedly Fall
(Washington, DC) -- A key inflation measure unexpectedly dropped in August. The producer price index, which measures how much it costs to make certain goods, dropped a tenth of a percent, according to numbers out today from the Bureau of Labor Statistics. Economists had been expecting an increase of three-tenths of a percent, following July numbers that came in much higher than predicted. Stock futures trended upwards with the news. Barring another surprise increase in another inflation report due out tomorrow, the numbers make it more likely the Federal Reserve will cut interest rates this month.
>>Job Growth Revised Down By 911,000 Through March
(Washington, DC) -- Newly revised job growth figures are adding to concerns about the nation's economy. The Labor Department said today revisions to nonfarm payrolls showed 911-thousand fewer jobs than estimated were created for the year prior to March 2025. The size of the drop surprised many experts following a weak jobs report for July. The latest signs of weakness in the labor market will add to the pressure on the Federal Reserve to cut interest rates.
>>Federal Judge Blocks Trump Admin From Firing Lisa Cook
(Washington, DC) -- A federal judge is blocking the Trump administration from firing Federal Reserve Board Governor Lisa Cook. On Tuesday night the judge ruled Cook can stay in her position while her lawsuit against President Trump plays out. Cook sued the president last month in an attempt to prevent the administration from firing her from the central bank. Trump originally said he was firing Cook over allegations of mortgage fraud, which she denies. This comes as the president pushes for the Fed to cut interest rates.
>>Senate Investigating Meta Over Kids And Virtual Reality
(Washington, DC) -- Congress is investigating charges that Meta buried research about how virtual reality devices and apps harm kids. The Senate Judiciary Committee is hearing from Meta whistelblowers claiming the tech giant suppressed studies about VR and children. A lawyer for Meta calls the allegations a "false narrative." The "Washington Post" reports many of the allegations center around research claiming the use of the technology attracts child predators.
>>Apple New Products Event Rollout
(Cupertino, CA) - Apple has announced new iPhones, Apple Watches and AirPods. Apple introduced four new iPhone models, including the newest version called the iPhone 17 Air, and prices for the entry level phone start at 799-dollars. As for the new AirPods Pro Three, the product comes with improved audio quality and noise cancellation while the three new Apple Watch models, called Series 11, include updated low-end SE and high-end Ultra models. Apple's iOS 26 will be available as a free software update as early as next Monday and the latest product releases are set to hit store shelves on September 19th.
>>Cracker Barrel Suspends Remodels
(Lebanon, TN) -- Cracker Barrel is suspending all remodels of its restaurants. The popular restaurant chain made the announcement Tuesday. The decision follows the chain's failed rebrand that saw it revert to its original logo after receiving negative feedback. Cracker Barrel said it's continuing to listen to customers. The company told customers that if their restaurant hasn't been remodeled yet then they don't need to worry because it won't be.
