For: August 10, 2026
>>Watching Wall Street
(New York, NY) -- The opening bell rings this morning after the trading week ended Friday with stocks higher and the S&P 500 closing at a record high. That all came after the latest jobs report saw an unexpected loss, which is leading investors to believe the Federal Reserve won't raise rates anytime soon. The Bureau of Labor Statistics said 23-thousand jobs were unexpectedly shed in July, against expectations of up to as many as 83-thousand new jobs created. At Friday's closing bell, the Dow Jones Industrial Average gained 151 points to 54-063. The S&P 500 rose by 47 points 77-57. The Nasdaq gained 342 points to 26-690.
>>Reports On The Calendar
(Undated) -- Coming up in the business week ahead, economic reports start rolling in tomorrow with the latest data on existing home sales. The Consumer Price Index, one of the Fed's favorite inflation gauges, is due Wednesday. Thursday brings the Producer Price Index and the weekly look at first-time jobless claims. The week wraps up with retail sales on Friday.
>>Taylor Farms Recalling Foods With Jalapenos
(Salinas, CA) -- Taylor Farms is recalling food items containing jalapenos over possible salmonella contamination. It comes after the California-based company pulled lettuce linked to the ongoing cyclospora outbreak. Taylor Farms said the recalled products include salsas and guacamole, flagged after the fresh peppers were recalled by Coast Citrus Distributors.
>>Verizon Service Returns After Cables Were Cut
(Los Angeles, CA) -- Verizon customers across Southern California once again have service after vandals cut fiber cables and triggered a massive disruption of mobile and home internet service. The Downdetector site says over 12-thousand outage reports were registered yesterday. That's likely a small percentage of the total number of people who lost service. Verizon has not provided much information about where the cables were cut or who might be responsible for the vandalism.
>>GAO: DOGE Overstated Savings
(Washington, DC) -- The Government Accountability Office says Elon Musk's DOGE overstated some of its claimed cost savings from cuts. DOGE, or the Department of Government Efficiency, claimed 110-billion dollars saved with its cuts to federal contracts, grant programs and leases. Overall, DOGE reported a total of 215-billion in cuts. A new report from the GAO says there were issues with transparency that made the reported savings unreliable. For instance, millions of dollars in reported savings from cuts to leases included leases that were already in the process of termination before DOGE was formed.
>>Over 1M Ladders Recalled
(Louisville, KY) -- A Kentucky importer has announced over one-million ladders have been recalled due to potential fall risks and injuries. Louisville Ladder, Inc. recalled the ladder in an alert late last week. The Kentucky-based company said the aluminum or wood frame ladders with gas struts come with hand rails and fold into the attic. On the Consumer Product Safety Commission website, the company said that the bolts on the ladders could break, causing those using them to be injured. The attic stairway ladders were manufactured in Mexico and sold in home improvement stores between November 2012 and July 2026.
