For Friday, August 1st, 2025
>>Stocks Close Lower
(New York, NY) -- Wall Street is closed Thursday with stocks lower. It comes as President Trump's tariffs loom. However, Trump announced a 90 day extension for tariffs against Mexico. At the closing bell, the Dow Jones Industrial Average lost 330 points to 44-130. The S&P 500 dropped by 23 points to 63-39. The Nasdaq fell by seven points to 21-122.
>>Trump Admin Finalizes Tariffs
(Washington, DC) -- The Trump administration is finalizing "reciprocal" tariffs on dozens of countries. On Thursday President Trump signed an executive order increasing tariffs on products from around 70 countries. Originally set to go into effect Friday, the new rates will now kick in next week. Trade deals so far have been agreed to with the European Union, the UK, Japan and South Korea, among others. Trump has also announced tariffs on Canada will be increased from 25 to 35 percent starting Friday.
>>Inflation Up In June
(Washington, DC) -- Inflation was up in June. The personal consumption expenditures price index, a key inflation gauge used by the Federal Reserve, rose three-tenths of a percent, the biggest increase in four months. That puts the annual PCE inflation rate at two-point-six percent.
>>119 JCPenney Stores Sold In $947 Million Deal
(Plano, TX) -- Over 100 JCPenney stores are being sold to a private equity firm for more than 900-million-dollars. The deal with Onyx consists of 119 stores, including more than 20 in Texas, and comes five years after the once-popular department store declared bankruptcy. Onyx will pay 947-million-dollars, and the deal is scheduled to close in September. All 119 JCPenney stores remain open, and it is unclear what is planned for them.
>>Visitation to Southern Nevada Falls by 11.3% in June
(Las Vegas, NV) -- Southern Nevada continues to see fewer tourists. The Las Vegas Convention and Visitors Authority says visitation fell for the sixth straight month in June. Three-point-one-million people visited Southern Nevada in June. It was an eleven-point-three-percent decline compared to June of 2024. It was also the first double-digit percentage decline seen in a month since February of 2021, during the pandemic.
