Market Retreat: The Dow Jones Industrial Average and S&P 500 retreated from recent highs, with the Dow falling 0.7% and the S&P decreasing by 0.19%. Despite this, the tech-heavy Nasdaq Composite managed a slight gain of 0.04%.
Meta's New Devices: Meta CEO Mark Zuckerberg unveiled a new virtual reality headset and a prototype for smart glasses at the Meta Connect event. The new Quest 3S aims to lower prices and compete with Apple's Vision Pro.
Southwest Airlines Cuts: Southwest Airlines announced cuts to service in and out of Atlanta and plans to eliminate up to 300 pilot and flight attendant positions. The airline cited the need to restore profitability amid ongoing financial challenges.
American Eagle's Lawsuit: American Eagle is suing Amazon for trademark infringement, alleging the e-commerce giant is selling inferior knock-offs of its Aerie and Offline brands, misleading consumers in the process.
NYC Mayor Indicted: New York City Mayor Eric Adams faces federal charges related to his 2021 campaign contributions, including involvement with foreign national contributions. He has called the allegations “entirely false” and based on lies.
Meta's New Devices: Meta CEO Mark Zuckerberg unveiled a new virtual reality headset and a prototype for smart glasses at the Meta Connect event. The new Quest 3S aims to lower prices and compete with Apple's Vision Pro.
Southwest Airlines Cuts: Southwest Airlines announced cuts to service in and out of Atlanta and plans to eliminate up to 300 pilot and flight attendant positions. The airline cited the need to restore profitability amid ongoing financial challenges.
American Eagle's Lawsuit: American Eagle is suing Amazon for trademark infringement, alleging the e-commerce giant is selling inferior knock-offs of its Aerie and Offline brands, misleading consumers in the process.
NYC Mayor Indicted: New York City Mayor Eric Adams faces federal charges related to his 2021 campaign contributions, including involvement with foreign national contributions. He has called the allegations “entirely false” and based on lies.