Business News

AM Business Notebook 

For: June 17, 2026

>>Watching Wall Street 

(New York, NY)  --  The opening bell rings this morning after a mixed day of trading that saw the Dow Jones Industrial Average notch another record high as oil prices fell.  Investors rotated out of chip stocks sending the tech-heavy Nasdaq lower.  Oil prices extended their decline with Brent Crude futures dipping below 80 dollars a barrel.  Meanwhile, SpaceX continued to soar with shares up another four percent.  At the closing bell, the Dow Jones Industrial Average gained 328 points to 51-999.  The S&P 500 lost 42 points to 75-11.  The Nasdaq fell 307 points to 26-376. 

 

>>Fed To Announce Interest Rate Decision 

(Undated)  --  The Federal Reserve's latest interest rate decision is due today.  The Federal Open Market Committee ends a two-day policy meeting today with the first announcement on rates with new Fed Chairman Kevin Warsh at the helm.  Warsh, who replaced Jerome Powell, is scheduled to hold a press conference following word on the decision.

 

>>Senate To Consider Housing Bill

(Washington, DC)  --  The U.S. Senate will consider a bipartisan bill that would limit institutional investors' ability to buy up single-family homes.  Lawmakers voted Tuesday to move ahead after months of back-and-forth between House and Senate Republicans.  The bill aims to help lower costs of housing while increasing the supply.  A full Senate vote will likely come later this week.  It would then need to be approved by the House before it could get to President Trump's desk.

 

>>Big City Renting Better Than Buying

(Austin, TX)  --  Renting costs less than buying in most big U.S. cities, but the savings depend on where you live.  Realtor-dot-com says rents fell for the 34th straight month in May, but they are still 17-percent higher than before the pandemic.  Data from the real estate platform puts Austin, Texas at the top for renters saving the most compared with buying a starter home, and San Jose, California tops the list where that renting edge is fading the fastest.  Nationwide, Realtor-dot-com says buying a starter home costs an average of 920-dollars more a month than renting.

 

>>App Fees Swallowing Fast-Food Savings

(Tampa, FL)  --  Ordering fast food on a delivery app can run almost as much as a casual restaurant meal.  New data from restaurant pricing firm Revenue Management Solutions says those apps can turn a 10-dollar fast-food combo into a 27-dollar order.  The firm says fast-food prices on apps often run 15 to 30-percent higher than they do at the counter, and that's before service fees, delivery charges, and tip get stacked on top.  The firm says the add-ons wipe out the savings that make fast food feel cheap in the first place.

 

>>NRF Projects Record Father's Day Spending 

(Undated)  --  Americans are expected to spend big this Father's Day.  The National Retail Federation predicts a record 27-point-nine-billion-dollars will be spent on dads this weekend.  The most popular gifts are greeting cards, followed by clothing, a special outing and gift cards.

 

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