For: May 21, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed lower on Wall Street Tuesday as a big tech-led rally faded. Apple, Microsoft, Meta Platforms and Nvidia all slid as investors kept their distance from technology shares. Tesla shares gained about two-percent after CEO Elon Musk said he remains committed to leading the electric vehicle company for the next five years. At the closing bell, the Dow Jones Industrial Average fell 114 points to 42-677. The S&P 500 lost 23 points to 59-40. The Nasdaq fell 72 points to 19-142.
>>Walmart Responds To Trump Tariff Comments
(Undated) -- Walmart is pushing back against recent comments President Trump aimed at the retailer regarding expected price hikes. The retail giant warned customers about potential price increases due to tariffs and the president blasted the company in a post shared to Truth Social. Trump told Walmart to "eat the tariffs" while Walmart's CFO said the company has "not seen price increases at this magnitude, in the speed in which they're coming at us before, and so it makes for a challenging environment."
>>Senate Passes No Tax On Tips Act
(Washington, DC) -- The No Tax on Tips Act is moving on to the House after it passed unanimously in the Senate Tuesday. Democratic Senator Jacky Rosen of Nevada called for immediate passage of the bipartisan bill and there were no GOP objections. The bill establishes a new tax deduction of up to 25-thousand dollars for tips. Republican Senator Ted Cruz of Texas introduced the No Tax on Tips Act earlier this year. President Trump floated the idea during his campaign and Democrats also supported it. Eliminating taxes on tips is also expected to be included in the House GOP's megabill.
>>Waffle House Adding EV Charging To Some Restaurants
(Mountain View, CA) -- Waffle House restaurants are set to get an electric boost. BP Pulse announced Tuesday that's it's teaming up with the breakfast chain to install EV charging stations. They're set to be at diners in places like Texas, Georgia and Florida as well as "other locations in the South and Southeast." The first set of stations are expected to be live next year.
>>Gemini Live Coming To Google Chrome
(Mountain View, CA) -- Google is bringing its flagship language model to Chrome for Mac and Windows. The company's AI-generated "browsing assistant," known as Gemini, will be available in Chrome so users can ask follow-up questions while searching for websites, and future versions will be able to navigate the web and take other actions on behalf of the user. The announcement came during its developer conference where Google has rolled out updates to its artificial intelligence ambitions. The function is going to be available to Google AI Pro subscribers in the U.S. this week.
>>Levi Strauss Sells Dockers To Authentic Brands
(New York, NY) -- Authentic Brands Group is purchasing Dockers in a nine-figure deal with Levi Strauss and Co. Levi Strauss, who created the khaki and chinos brand in the 1980s, said its sale of Dockers had an "initial" value of 311-million-dollars "subject to customary adjustments and closing conditions." According to Levi Strauss, the purchase of the intellectual property and Dockers' U.S. and Canadian operations is anticipated to close in late July, followed by the rest of the brand's operations in January of next year. Authentic Brands Group's president said the company is "committed to stewarding the brand into its next era of growth and relevance."
