For: July 2, 2025
>>Ahead Of The Bell (New York, NY) -- The opening bell rings this morning after stocks closed mixed yesterday to kick off the second half of 2025. Tech shares tumbled as investors bought healthcare stocks after the Senate narrowly passed President Trump's massive tax and spending bill. The Dow rallied while the Nasdaq slipped from its record high to start the new quarter. At the closing bell, the Dow Jones Industrial Average gained 400 points to 44-494. The S&P 500 lost nearly 7 points to 61-98. The Nasdaq fell 166 points to 20-202. Investors today will be keeping an eye our for Tesla's reporting of second quarter deliveries. Wall Street analysts are expecting the electric vehicle maker led by Elon Musk made around 387-thousand in that time frame - down 13-percent from a year ago.
>>Powell Says Tariffs Delayed Interest Rate Cuts
(Sintra, Portugal) -- Federal Reserve Chair Jerome Powell says President Trump's tariffs have held up the central bank from cutting interest rates. The comments came during Powell's remarks at the European Central Bank's Forum on Central Banking held in Portugal. Powell agreed when asked if Trump's tariffs delayed the Fed's plans, and he also said he's expecting higher inflation over the summer. However, the chairman did note that the Fed expects to lower rates later this year.
>>Job Openings Jump Unexpectedly In May
(Washington, DC) -- The number of job openings unexpectedly jumped in May. The Labor Department says seven-point-eight million jobs were available which is up from seven-point-four million in April. Economists had expected the number of available jobs to dip slightly after April's bounce. According to the Job Openings and Labor Turnover Survey, or JOLTS report, restaurants and hotels led the way in job postings followed by the finance and insurance industry. Meanwhile, the number of federal job openings fell in May.
>>Instagram Ups Its Spotify Game
(Menlo Park, CA) -- Instagram is adding sound to its sharing of music from Spotify. Until now, if an Instagram user wanted to share music from Spotify to Stories, it could only be done through a link. This causes curious music lovers to leave Instagram to listen. Now, Instagram is adding sound to the Spotify music share to Stories. Instagram says this could position the app as a hub for music discovery.
>>Trump New Fragrances Business Venture
(Sheridan, WY) -- President Trump is venturing into the fragrance industry with a new business. The president has launched a collectible line of fragrances for men and woman with prices starting at 199-dollars. Trump's 249-dollar, limited-edition, three-point-three-ounce "Victory 47" fragrance is paying homage to his presidential victories and will come to consumers in a golden statue. The first shipments of "Victory 47" are slated to go out in early December.
