For: June 4, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed higher on Wall Street Tuesday. Tech stocks helped lead the advance. Nvidia shares rose three percent to extend Monday's gain and surpass Microsoft in market cap for the first time since January. At the closing bell, the Dow Jones Industrial Average rose 214 points to 42-519. The S&P 500 added 34 points to 59-70. The Nasdaq gained 156 points to 19-398.
>>Trump's New Steel Tariffs Are Now In Effect
(Washington, DC) -- President Trump's high tariffs on imported steel and aluminum are now in effect. The 25-percent tariffs doubled up to 50 percent just after midnight Eastern time. The White House says the increase is in response to "trade practices that undermine national security." Trump announced the new tariffs last week during a rally at a Pittsburgh steel mill, saying they "will even further secure the steel industry in the United States." He also used the rally to announce a proposed partnership between U.S. Steel and Nippon Steel of Japan.
>>Toyota Shares Tank After Buyout Plan Announced
(Toyota, Japan) -- Toyota shares are plummeting after it reported a deal to take the company private. Stock in Toyota Industries fell 13 percent after the 33-billion-dollar deal was announced. The deal includes a tender offer of 26-billion dollars for Toyota shares. Toyota Industries produces a wide range of products besides the popular vehicles, including forklifts, engines and electronic components.
>>Meta Inks Nuclear Power Agreement
(Menlo, Park, CA) -- Meta has signed a 20-year agreement to use nuclear power for its technology and AI projects with Constellation Energy. The partnership aims to boost energy production at the Clinton Clean Energy Center in Illinois, which nearly closed in 2017 due to financial issues. The agreement will increase the plant's output by 30 megawatts starting in June 2027, supporting just over one-thousand local jobs and generating about 13 and a-half million dollars in yearly tax revenue.
>>Job Openings Rose In April
(Washington, DC) -- The number of job openings rose more than expected in April. The Labor Department says seven-point-four million jobs were available last month which is up from seven-point-two million in March. Hiring also increased in April while layoffs fell by nearly 200-thousand. Arts, entertainment and recreation led the way with new job openings, according to the Job Openings and Labor Turnover Survey, or JOLTS report.
>>Dollar General Beats Quarterly Expectations For Revenue
(Goodlettsville, TN) -- Dollar General is raising its full-year forecast after beating first-quarter expectations for earnings and revenue. As a result, shares of Dollar General jumped more than ten-percent on Tuesday and the company said it now anticipates net sales will grow about three-point-seven to four-point-seven-percent. Dollar General has attracted more middle- and upper-income customers seeking value. The company's CEO said it is working to reduce its exposure to China and minimize price increases for customers.
