For: July 29, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed mixed on Monday as Wall Street kicked off a fresh trading week. The S&P 500 and the Nasdaq edged higher to new records as a trade deal with the European Union failed to spark a rally. At the closing bell, the Dow lost 64 points to 44-837. The S&P 500 added one point to 63-89. The Nasdaq rose 70 points to 21-178.
>>Fed Makes Interest Rate Decision This Week
(Washington, DC) -- Investors will be watching whether the Federal Reserve decides to cut interest rates this week. President Trump has been putting the pressure on Fed Chair Jerome Powell to cut rates, but most investors are expecting Powell will hold them steady. The Fed begins a two-day meeting today ahead of a decision on U.S. interest rate levels on Wednesday.
>>U.S., China Meet For Trade Talks
(Stockholm) -- Top American and Chinese officials are meeting for trade talks in Sweden. This comes as President Trump's tariff deadline of August 1st looms large. Trump just announced a trade deal with the European Union. The White House hopes that closing a deal with China would prompt more countries to follow suit.
>>Tesla And Samsung Sign New $16.5B AI6 Chip Deal
(Austin, TX) -- Tesla CEO Elon Musk is announcing a 16.5 billion dollar computer chip deal with Samsung Electronics. The multi-year contract will see Tesla's next generation AI6 chip manufactured exclusively at Samsung's facility in Taylor, Texas. The AI6 chip will power Tesla's Full Self-Driving system, Optimus humanoid robots and other AI-driven tasks. Samsung's Texas plant has previously struggled to land major clients, but securing Tesla's deal is expected to significantly boost its competitiveness in the U.S. semiconductor market.
>>Spirit Airlines To Furlough 270 Pilots Ahead Of Flight Cutbacks
(Dania Beach, FL) -- Spirit Airlines is doing more belt-tightening. The Florida-based discount carrier said Monday it will furlough 270 pilots this fall as it reduces its off-season schedule to cut costs. Spirit has struggled to turn a profit since it emerged from Chapter 11 bankruptcy in March. Industry analysts say overall travel demand has been softer than expected this year.
>>McLaren Breaks Ground On First Processing Plant In U.S.
(Baltimore, MD) -- British luxury auto manufacturer McLaren has broken ground on a new processing plant, its first in the United States. The vehicle processing center will be located in the global logistics hub that is Baltimore's Tradepoint Atlantic. The site will manage inspection, customization and vehicle distribution to McLaren's more than two dozen locations nationwide. The facility is scheduled to open next year.
