For: May 19, 2026

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning after stocks closed mixed on Monday to begin the trading week.  Stocks trimmed losses after President Trump said he canceled an attack on Iran at the request of Middle Eastern leaders.  A pullback in chip stocks including Seagate, Micron and Nvidia sent the technology sector lower.  At the closing bell, the Dow Jones Industrial Average gained 159 points to 49-686.  The S&P 500 lost 5 points to 74-03.  The Nasdaq fell 134 points to 26-090.

 

>>LIRR Strike Ends

(New York, NY)  --  The Long Island Rail Road strike is over, after trains stopped Saturday for the system's 300-thousand daily riders.  Operated by the Metropolitan Transportation Authority, the LIRR is the nation's largest commuter rail system.   A deal was reached on Monday night with New York Governor Kathy Hochul, who was reportedly involved in the talks, calling it a fair agreement for both sides.  

 

>>Meta Tells Employees To Work From Home On Layoff Day

(Menlo Park, CA)  --  Meta is telling its North American employees to work from home Wednesday, the day it plans to lay off ten percent of its workforce.  Affected employees will be notified that morning.  Some seven-thousand employees will be shifted into new roles at the company.  The job cuts come as the social media and tech giant incorporates more artificial intelligence into its operations.

 

>>Jury Dismisses Musk's Lawsuit Against OpenAI

(Oakland, CA)  --  Elon Musk's lawsuit against OpenAI and Sam Altman is being tossed.  A California jury found that Musk waited too long to file the lawsuit.  Musk had accused Altman of reneging 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 reached the verdict less than two hours after starting deliberations.

 

>>Warsh To Be Sworn In As Fed Chair On Friday

(Washington, DC)  --  President Trump will swear in Kevin Warsh as Federal Reserve Chairman on Friday.  The White House ceremony follows last week's Senate confirmation vote along mostly party lines.  The 56-year-old Warsh will succeed Jerome Powell whose term expired Friday.  Trump hand-picked Warsh to lead the central bank with expectations that the Fed will resume lowering interest rates in the post-Powell era.