For: May 18. 2026
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks fell on Friday to end the week in the red. At the closing bell, the Dow Jones Industrial Average lost 537 points to 49-526. The S&P 500 fell by 92 points to 74-08. The Nasdaq dropped by 410 points to 26-225.
>>Housing Data Due
(Undated) -- Coming up in the business week ahead, housing data will be in focus. Pending home sales figures are due Tuesday, with the latest numbers on housing starts and building permits due Thursday. Home improvement giants Home Depot and Lowe's will both report earnings this week.
>>Musk v. Altman Deliberations Begin Today
(Oakland, CA) -- The jury in the Elon Musk versus Sam Altman trial is expected to begin deliberating today. Musk is suing OpenAI, a company he co-founded, along with its CEO Sam Altman and company president Greg Brockman. He's arguing that Altman reneged on a promise to keep OpenAI a non-profit and that 38-million dollars he donated was misused for commercial purposes. Altman claims he made no such promise. The jury's verdict will only be advisory, meaning the judge has final say on any liability.
>>Americans Are 'Frustrated' With Economy In New Poll
(Undated) -- A new poll finds Americans unhappy with the state of the economy. The CBS News and YouGov poll out Sunday shows that Americans find financial conditions uncertain and the economy to be struggling. The survey also found that Americans' approval of President Trump's handling of inflation has hit its lowest point. Respondents noted their income is not keeping up with inflation - which has reached its highest level since April 2023.
>>Amazon Accused Of Keeping Tariff Costs
(Seattle, WA) -- Amazon is facing a new class action lawsuit accusing the company of failing to refund tariff-related costs. Consumers allege in a proposed lawsuit filed in Seattle that the tech company collected hundreds of millions of dollars in unlawful tariff costs by raising prices on imported goods. Amazon did so before the U.S. Supreme Court ruled in February that President Trump lacked authority under the International Emergency Economics Powers Act to impose certain tariffs. The complaint states Amazon has failed to seek billions of dollars in refunds from the government following the ruling in order to seek favor with Trump by allowing the federal government to retain the funds. The lawsuit alleges Amazon's decision serves its own political and commercial interests at the expense of consumers who paid the costs of tariffs.
>>BoA Agrees To Millions In ATM Fee Lawsuit
(Undated) -- Bank of America has agreed to a settlement of over two-million dollars for bank fees charged at ATMs. A class action lawsuit claimed that Bank of America had breached its contract with customers by assessing excessive fees. The suit claims customers were charged two out-of-network fees for balance inquiry requests when only a single balance inquiry was taken at ATMs owned by FCTI, located inside 7-Eleven stores. The settlement says customers who may be eligible for a payout used an FCTI-owned ATM within a 7-Eleven store from May 1st, 2018 to November 16th, 2021. Bank of America denied any wrongdoing in the settlement.
>>Gen Z Shoppers Helping Revive America's Malls
(Undated) -- Gen Z shoppers are energizing a mall revival. Younger consumers prefer in-person shopping experiences over online carts. Data from NielsenIQ shows Gen Z retail spending is expected to pass 12-trillion dollars globally by 2030, with growth outpacing every other generation. Data from Circana also found shoppers between 18 and 24 years old made 62-percent of their general merchandise purchases in physical stores last year.
>>Schlitz Being Retired By Pabst
(Milwaukee, WI) -- The so-called "beer that made Milwaukee famous" is being retired. Pabst Brewing is ending production of Schlitz after 177 years of existence. Schlitz was once America's largest brewer after being founded in 1849, and was bought by Pabst in 1999. The company gave permission to Wisconsin Brewing Company to brew an 80-barrel batch of Schlitz next Saturday, using specifications from a 1948 recipe. Pre-orders for the final batch can be made that day and will be available next month.
