For: August 7, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this week after stocks closed higher on Wall Street Wednesday. At the closing bell, the Dow Jones Industrial Average rose by 81 points to 44-193. The S&P 500 gained 45 points to 63-45. The Nasdaq gained 252 points to 21-169.
>>New Tariffs In Effect
(Washington, DC) -- President Trump's sweeping tariffs slate went into effect just after midnight Eastern time. Import taxes will reach levels not seen in the country in almost 100 years, with over 60 countries and the European Union facing rates of 15 percent or more. A wide variety of products will be hit, ranging from appliances, cars, food and furniture. In a post on Truth Social just after things went into effect, Trump said billions of dollars are "now flowing" into the U.S.
>>Trump/Apple $600B U.S. Manufacturing Investment Announcement
(Washington, DC) -- President Trump says Apple will invest 600-billion-dollars in the U.S. Trump was joined by Apple CEO Tim Cook at the White House on Wednesday for the announcement, where he added the investment will happen over the next four years. It's 100-billion more than what was originally pledged by Apple. Part of the investment includes new facilities in Texas, Arizona, Utah, and New York.
>>Weekly Jobless Claims Due
(Washington, DC) -- The weekly look at first-time unemployment claims is due today. Most analysts expect the Labor Department to report it received around 221-thousand initial requests for benefits last week. That would be a relatively slight change from the previous reporting of 218-thousand the week before that.
>>Instagram Adding New Features
(Menlo Park, CA) -- Instagram is adding some new features including a Friends tab in Reels. Users will now be able to repost public feed posts and video reels. They will also be able to share their location on the Instagram Map. Parents will get a notification if their teen shares their location.
>>Claire's Files For Bankruptcy Again
(Hoffman Estates, IL) -- Claire's is filing for bankruptcy for the second time in less than a decade. The Illinois-based accessories retailer announced that it was voluntarily beginning Chapter eleven proceedings "to maximize the value of its business." The CEO of Claire's called the decision "difficult" but "necessary," and the company's Canadian branch is also expected to file. North American Claire's locations are expected to remain open for now.
