For Friday, August 8th, 2025
>>Stocks Close Mixed
(New York, NY) -- Wall Street closed with stocks mixed Thursday. It comes as investors are concerned about the impact of tariffs that went into effect yesterday. Elsewhere, Eli Lilly saw a drop in shares after late stage trial results of an obesity pill didn't please investors. At the closing bell, the Dow Jones Industrial Average fell by 224 points to 43-968. The S&P 500 dropped by five points to 63-40. The Nasdaq gained 73 points to 21-242.
>>Trump Selects Miran For Fed Board Of Governors
(Washington, DC) -- President Trump is selecting Stephen Miran to serve on the Federal Reserve Board of Governors. Miran, who serves as chair of the Council of Economic Advisors, was tapped for the board after Adriana Kugler resigned last Friday. President Trump congratulated Miran in a post on Truth Social and praised him for his "unparalleled" economic expertise. Miran will serve out Kugler's term, which expires January 31st, 2026, as the Trump administration continues to search for a permanent replacement.
>>Trump Calls For Intel CEO's Resignation
(Undated) - President Trump is calling for the CEO of Intel to resign. The president made a post to Truth Social arguing that Lip-Bu Tan is "highly conflicted" and "must resign, immediately." Trump's comments follow Arkansas Senator Tom Cotton's letter to the semiconductor firm earlier this week questioning Tan over concerns with his ties to China. Reuters previously reported that the Intel executive had investments in hundreds of Chinese tech firms, with at least eight having ties to the Chinese military.
>>Weekly Jobless Claims Higher Than Expected
(Washington, DC) -- More Americans than expected found themselves filing first-time claims for unemployment benefits last week. The Labor Department says it received 226-thousand initial requests in the week ending August 2nd. That's an increase of seven thousand from the previous week's revised today. It's also a few thousand more than most analysts had been expecting today.
>>Trump Defends Firing Labor Statistician
(Washington, DC) -- President Trump is using charts put together by a Fox business analyst to defend his firing of the Bureau of Labor Statistics commissioner. Trump welcomed Stephen Moore to the Oval office on Thursday and went over his presentation with reporters. Moore claims to have data that shows the fired stats chief overestimated job growth by one-point-five million jobs over the last two years of the Biden administration. Trump fired Erika McEntarfer after the Bureau released revised the May and June reports downward, claiming she was "politically motivated."
>>Uber Looking For Money To Expand Robotaxi Business
(San Francisco, CA) -- Uber is talking with banks and private equity firms to get the cash it wants to expand its robotaxi business. The company has been making partnerships with automakers to build its footprint in the self-driving taxi industry. In the meantime, the company says it will use some of its annual seven-billion-dollars in cash flow to deploy robotaxis. It currently offers rides in Austin and Atlanta.
