For: April 9, 2026
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed sharply higher yesterday. Investors continue to keep their eye on developments with Iran after President Trump announced a two-week ceasefire. The ceasefire came under the condition that the Strait or Hormuz will be reopened to oil shipping in the Persian Gulf. However, Iranian media says traffic into the Strait has been halted after attacks by Israel on Lebanon. At the closing bell, the Dow Jones Industrial Average gained 1,325 points to 47-909. The S&P 500 climbed 165 points to 67-82. The Nasdaq rose 617 points to 22-634.
>>Meta Unveils New AI Model
(Menlo Park, CA) -- Meta is debuting its new AI model. It comes after the tech giant's disappointing rollout of its Llama 4 family of AI models in April. Since then, Meta invested over 14-billion-dollars in Scale AI for a 49-percent stake in the company, and hired Scale AI founder Alexandr Wang as its first-ever Chief AI Officer. Industry insiders says the move was an attempt to catch-up in the AI market that's being dominated by Google, Open AI and Anthropic. Meta's new AI model is the first from the company's new "Muse" series.
>>FBI's 2025 Internet Crime Report Shows Crypto Scams Drove Huge Losses
(Washington, DC) -- The FBI says cryptocurrency scams resulted in the most losses out of all scams last year. The bureau's annual report shows the Internet Crime Complaint Center received more than a million complaints overall last year with losses close to 21-billion dollars. Crypto-related scams accounted for more than half the losses.
>>Popular Retailer Files Bankruptcy Reorganization Plan
(New York, NY) -- Saks Global Enterprises is previewing its plans to emerge from bankruptcy. According to documents, the parent company of the luxury stores Saks Fifth Avenue and Neiman Marcus filed for a Chapter Eleven plan of reorganization earlier this week. The company will be rebranded as New Saks and have new board members directing it, new management incentive plans and new agreements with vendors. It entered into a restructuring agreement with capital partners who pledged 500 million dollars in financing once the company emerges.
>>In N Out Burger Will Not Do Online Ordering, Pickup
(Irvine, CA) -- In N Out Burger will not adopt online ordering and pickup. Company owner Lynsi Snyder-Ellingson made the announcement during a recent talk at Pepperdine University. Snyder-Ellingson was asked if In N Out ever intends to embrace automation. She said no, explaining she wants to keep the company running the way her grandparents founded it. She also says mobile ordering would take a piece of In N Out's culture away, mentioning interactions and customer service, and could also jeopardize freshness.
>>Rice Recall
(Rochester, NY) -- Wegmans is announcing the recall of a product that's been sold on its store shelves. The supermarket chain says the recall involves two pound bags of Lundberg Organic Jasmine White Rice. There are concerns the rice could be contaminated with a foreign material but so far no illnesses have been reported. Walmart, Target and Whole Foods also sell the brand of rice in question but have not announced the recall.
