Newsletter May 25, 2022
3 things you must know
Markets
DJIA 31,928.62 0.15%
S&P 500 3,941.48 -0.81%
Nasdaq Composite 11,264.45 -2.35%
Japan: Nikkei 225 26,713.08 -0.13%
UK: FTSE 100 7,484.35 -0.39%
Crude Oil Futures 111.08 1.19%
Gold Futures 1,860.40 -0.27%
Yen 127.10 0.21%
Euro 1.07 -0.20%
* As of market close

Georgia Republican voters repudiate Trump

Republican voters delivered a stark repudiation of Donald Trump on Tuesday, backing Georgia Gov. Brian Kemp for re-election by a huge margin over a candidate recruited by the former president. Trump had banked much of his own political capital supporting David Perdue to oust Kemp, who will face Democrat Stacey Abrams in November. Primaries also were held in Minnesota, Alabama, Arkansas and Texas.

GET THE LATEST RESULTS OF TUESDAY'S PRIMARY CONTESTS



Western drought may force water rationing

California Gov. Gavin Newsom said that mandatory water restrictions could be a reality for residents if overall use doesn’t drop. The state relies on rainfall to replenish its water resources in the winter months but this year saw less rain than ever, causing major concern over Lake Mead's water supply for the upcoming summer months -- along with California’s water usage going up 19% in March compared to 2020.

FIND OUT THE WATER RESTRICTIONS THE STATE MAY ENACT


Walmart expands drone-delivery service

In an apparent effort to gain an edge on Amazon, retail giant Walmart announced on Tuesday that it would add its drone-delivery program to six states as part of its expansion of its DroneUp's service. By the end of 2022, the retailer plans to offer the service at 34 sites and 4 million households in Arizona, Arkansas, Florida, Texas, Utah, and Virginia. The service is already available in Arkansas and North Carolina.

WILL DRONE DELIVERY COME TO A WALMART NEAR YOU?


Wally world

What year did Walmart go public and what was the initial stock price?

Tuesday's answer: The first Arby's restaurant opened in Boardman, Ohio, in 1964, by brothers Forrest and Leroy Raffel. Arby's (or RB's) stands for Raffel Brothers -- not Roast Beef, as many assume.

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