For: February 26, 2026
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed higher on Wall Street Wednesday. At the closing bell, the Dow Jones Industrial Average rose 308 points to 49-482. The S&P 500 gained 56 points to 69-46. The Nasdaq jumped 288 points to 23-152. Investors today can expect an update on banking conditions when Fed Vice Chair for Supervision Michelle Bowman testifies before the Senate Committee on Banking, Housing, and Urban Affairs. According to her prepared remarks, Bowman will tell members of the committee that the nation's banking system remains "sound and resilient."
>>Trump Proposes 401(k) Savings Plans For All
(Washington, DC) -- President Trump is proposing universal 401(k) retirement plans. During his State of the Union address Tuesday, Trump said the proposal would give each American access to the same type of retirement savings plan offered to every federal worker, and that the government would match each contribution by up to a thousand dollars a year. Trump didn't specify how the plan would come about, or how the savings would be taxed.
>>Nvidia Beats 4Q Expectations
(Santa Clara, CA) -- Nvidia stock was up in extended trading Wednesday after beating fourth quarter expectations. The AI chip maker posted higher revenue per share than predicted and 68-point-one billion dollars in sales. Share prices were up about three percent after hours.
>>Plaintiff Expected To Testify In Social Media Trial
(Los Angeles, CA) -- The plaintiff in a landmark trial in Los Angeles involving social media addiction and kids is expected to be called to the stand today after Wednesday's court session ran long. The now 20-year-old woman sued TikTok, YouTube and Meta, which owns Instagram and Facebook, claiming she became addicted to the social media sites as a kid and has experienced anxiety and depression as a result. Snapchat and TikTok previously settled out of court. Meta CEO Mark Zuckerberg testified in the trial last week. The verdict could impact outcome of 16-hundred other pending social media addiction cases across the U.S.
>>FCC Seeks Public Comment On Live Sports Viewing
(Washington, DC) -- The FTC is seeking public comments from consumers about their experience with live sports viewing in the streaming era. According to a notice from the regulator, it is important "to evaluate the sports media landscape and understand how changes have impacted consumers and broadcasters." The push for public comment comes as more major media companies shift live sports programming away from linear broadcast channels and toward streaming. The department argues that "sports remain inherently local, despite the increasingly national nature and reach of both professional and college sports events."
>>New York Sues Valve Over Loot Boxes
(Albany, NY) -- A giant in the video game industry is being sued by the state of New York for alleged gambling. State Attorney General Letitia James claims in a new lawsuit that Valve Games has a feature in its video games called a "loot box," which encourages players to pay for a chance to win a rare virtual item that can be traded for real money. The suit alleges that the Valve "loot box" charges an individual for a chance to win something of value based on luck, which is prohibited gambling under the New York Constitution. Valve has not commented on the lawsuit.
>>Public Storage Moving Corporate Headquarters From California To Texas
(Los Angeles, CA) -- Public Storage is the latest company to announce that it will be leaving California. The company will be moving its corporate headquarters from Glendale to Frisco, Texas, a Dallas suburb. Public Storage is the largest self-storage brand in the U.S. It has been based in Southern California since it was founded in El Cajon in 1972. Company leadership is calling the move a logistical decision, saying it is part of a wider overhaul of the company. Since 2014, California has lost more companies that it has gained, with many of them moving to Texas.
