For: August 12, 2025
>>Ahead Of The Bell (New York, NY) -- The opening bell rings this morning after stocks closed lower on Wall Street Monday. At the closing bell, the Dow Jones Industrial Average fell by 200 points to 43-975. The S&P 500 dropped by 16 points to 63-73. The tech-heavy Nasdaq lost 64 points to 21-385.
>>CPI Report Out This Morning
(Washington, DC) -- A new inflation report is due out today, and most economists are expecting bad news. The Consumer Price Index is expected to show prices rose at a faster pace in July compared to June. The annual inflation rate is also expected to tick up. Most experts are linking the projected increase to President Trump's tariffs.
>>Trump Extends China Tariff Truce 90 Days
(Washington, DC) -- President Trump is signing an executive order to extend a tariff truce with China another 90 days. The truce, struck in June during talks between U.S. and Chinese officials, keeps U.S. tariffs on most Chinese goods at 55-percent. The U.S. is in return asking Beijing for a commitment to boost exports of rare earths to the U.S.
>>Ford Investing $5B To Produce New Truck
(Dearborn, MI) -- Ford is planning five-billion-dollars in new investments in Kentucky and Michigan to build a new electric truck and batteries. Ford's CEO Jim Farley announced Monday that the money would be going towards four-thousand jobs. The new truck is described as a midsize four-door that starts at about 30-thousand dollars. Farley said Ford is changing up the assembly line process pioneered by Henry Ford 120 years ago. He said the new system involves construction in several locations and can get the job done much faster. The truck is slated to reach consumers in 2027 with a starting price of around 30-thousand dollars.
>>GitHub CEO Leaving
(San Francisco, CA) -- The CEO of Microsoft's GitHub unit is leaving the company. It comes as GitHub has been facing steadily-growing competition from AI-powered coding tools. Thomas Dohmke first came aboard with Microsoft in 2015. He took on the role of GitHub CEO six years later. Dohmke sent a memo to employees on Monday indicating he'd be staying on through the end of this year to, in his words, "help guide the transition."
>>Boeing Strike Continues
(St. Louis, MO) -- The Boeing machinists' strike is in its second week as new talks are called for. The union, which represents over three-thousand workers at three facilities in the St. Louis area, saw workers hit the picket lines earlier this month, demanding a better deal. The workers currently off the job mainly build fighter jets and weapons systems.
>>Increased Consumption Of Dollar Store Food Options
(Undated) -- American families are increasingly turning to dollar stores to buy food items. A new study published in the Journal of the Academy of Nutrition and Dietetics found that calories obtained from dollar store items have nearly doubled from three-point-four-percent to six-point-five-percent of a household's purchases. Dollar stores are now the fastest growing food retailers in the U.S., which comes as people choose the budget-friendly stores for price advantage. Scientists also noted the results suggest many "households buying less-healthy foods from dollar stores are, at the same time, buying healthier foods from other types of retail outlets."
>>Walmart To Pay $5.6 Million To Settle Lawsuit
(Santa Clara, CA) -- Walmart will pay over five-and-a-half million dollars to settle a lawsuit accusing the company of overcharging customers. The world's largest retailer was accused by four counties in California of charging customers too much and sold food that didn't weigh as much as advertised. As part of the settlement, Walmart will pay the penalty and ensure employees check pricing and weights in California stores. In 2012, the company paid just over two-million for similar issues.
