For Friday, October 24th, 2025
>>Stocks Close Higher
(New York, NY) -- Wall Street closed Thursday with stocks higher. It comes as President Trump is set to meet with Chinese President Xi Jinping [[ she jeen-peeng ]] next week in South Korea as trade tensions remain between the two nations. Elsewhere, Tesla saw shares recover after it reported mixed third-quarter results. At the closing bell, the Dow Jones Industrial Average gained 144-points to 46-734. The S&P 500 rose by 39 points to 67-38. The Nasdaq gained 201 points to 22-941.
>>Annual Inflation At 3%
(Washington, DC) -- The annual inflation rate hit three percent in September, according to numbers from the Bureau of Labor Statistics out this morning. The consumer price index, the cost of a variety of goods and services, is the only official economic data released during the ongoing government shutdown. That was an increase of three-tenths of a percent for the month, slightly less than what economists were predicting.
>>Striking Boeing Workers To Vote On Latest Contract Offer
(St. Louis, MO) -- Boeing's latest contract offer to thousands of striking workers in the St. Louis area will be put up for a vote. The International Association of Machinists and Aerospace Workers says members will vote on the contract this Sunday after the company made changes to the offer it presented earlier this week. However, the bargaining committee will not make a recommendation on how members should vote. Over 32-hundred Boeing employees have been on strike since early August.
>>Target Cuts 1800 Corporate Jobs
(Minneapolis, MN) -- Target is cutting 18-hundred corporate jobs in its first major layoffs in ten years. The announcement was sent to employees in a memo Thursday from Target's new CEO Michael Fiddelke, who said the layoffs represent roughly eight percent of its corporate workforce. A company spokesman said 800 of those positions will no longer be filled, and the affected employees will be notified Tuesday.
>>Meta To Cut 600 Jobs From AI Division
(Menlo Park, CA) -- Meta is cutting 600 jobs from its superintelligence lab, but they say it's more of a reorganization. Axios reports that Meta's chief AI officer Alexandr Wang broke the news on Wednesday in a company memo. The company claims that most people hit by the cuts will be able to find news jobs inside Meta.
>>Report: Austin Is Nation's Leading Homebuyers' Market
(Austin, TX) -- Austin, Texas had the strongest homebuyers' market in the nation in September. That's according to a new report from the online brokerage firm Redfin. Redfin's figures show Austin's home sales market had more than twice as many sellers as buyers, making it the widest gap in the nation.
>>Broadway Strike Averted After Musicians Reach Deal
(New York, NY) -- A strike that would have shut down many Broadway musicals has been averted. The Broadway League and union representing musicians have reached a tentative contract deal. The two sides just hammered out an agreement with musicians threatening to walk off the job. The deal includes wage increases and contribution increases to musician's health funds. Union President Bob Suttmann released a statement saying in part, "This three-year agreement provides meaningful wage and health benefit increases that will preserve crucial access to healthcare." Broadway would have shut 23 musicals had there been a strike.
>>Tinder To Require Facial Recognition
(West Hollywood, CA) -- You're going to have to get your face scanned if you want to use one of the biggest dating apps on the planet. Tinder is announcing a first-of-its-kind facial verification feature that helps confirm users are real and match their profile photos. Match Group, which owns Tinder, says the policy will apply to all new users in the U.S. Research shows safety and privacy issues contributed to a recent seven-percent drop in paying users on Tinder.
