For: August 13, 2025
>>Ahead Of The Bell (New York, NY) -- The opening bell rings this morning after stocks closed higher yesterday with the S&P 500 and tech-heavy Nasdaq both finishing at record highs. At the closing bell, the Dow Jones Industrial Average gained 483 to 44-458. The S&P 500 rose by 72 points to 64-45. The Nasdaq gained 296 points to 21-681.
>>Neutral Inflation Numbers May Lead To Rate Cut
(Washington, DC) -- President Trump may soon get the interest rate cut he's been asking for from the Fed. That's because July's inflation report came in better than expected yesterday. The Labor Department's latest consumer price index, a general measure of how much people are paying for goods and services and a key inflation indicator, was up two-tenths of a percent from June. Many economists say the report should be evidence that Trump's tariffs are not leading to a spike in inflation, and it's now safe to cut rates, possibly as soon as September.
>>Trump Tells Goldman Sachs To Fire Chief Economist
(New York, NY) -- President Trump says Goldman Sachs should fire its chief economist after he warned that Americans will pay more thanks to Trump's tariffs. Trump took to Truth Social on Tuesday to tell CEO David Solomon, who also works as a DJ, that he should fire the economist or just focus on his second job. Trump defended his tariffs arguing they've caused no inflation or problems for America.
>>Trump's Nominates EJ Antoni To Become Next Labor Statistics Bureau Chief
(Washington, DC) -- President Trump's pick for the next commissioner of the Bureau of Labor Statistics has suggested the monthly jobs report should be suspended. In an interview with Fox Business that happened before Trump nominated EJ Antoni for position, Antoni said the bureau should instead do quarterly reports instead of monthly. Antoni said major decision makers rely on those numbers and he added there's been a lack of confidence in the data. Trump fired BLS commissioner Erika McEntarfer earlier this month after the agency released a weak jobs report. Trump claimed the jobs numbers were "rigged" to make him and Republicans look bad.
>>Spirit Airlines Warns It May Not Survive Without More Cash
(Dania Beach, FL) -- Spirit Airlines is raising concerns it may not survive much longer without raising more cash. In it's quarterly report Monday, the budget airline said it continues "to be affected by adverse market conditions" including weak demand for domestic leisure travel. This comes less than six months after Spirit came out of bankruptcy. Spirit said it's considering selling airport gates, real estate and some aircraft to get more cash. The airline said management has "substantial doubt" of its ability to continue operating for another year.
>>Ford To Stop Making Escape And Corsair SUVs
(Detroit, MI) -- Two American-made cars are going out of production. The Ford Motor Company says two of its small SUVs, the Ford Escape and the Lincoln Corsair, will go out of production later this year. The company announced Monday that the Kentucky plant where the two vehicles are built is being retooled to produce a new midsize electric pickup truck. The new EV truck is expected to hit the market in 2027 and will cost around 30-thousand dollars. Fans of the Escape and the Corsair still have time to buy them. Ford says they're going to have enough inventory on hand to sell the SUVs well into 2026.
>>Kodak Has "Substantial Doubt" About Future
(Rochester, NY) -- Kodak's future may not be a clear picture. On Monday, the 133-year-old company said there is "substantial doubt" about being able to stay in business. Kodak said it might not have the resources to pay its debts. The photo company filed for bankruptcy in 2012. That came after it struggled to adapt as digital cameras began replacing film cameras.
>>Fanatics Launches New Loyalty Program
(Jacksonville, FL) -- Fanatics is launching a new loyalty program. Fanatics One members will earn points for purchasing merchandise, apparel, trading cards and sports bets to gain access to perks including free shipping, giveaways, access to events and more. According to the company's chief strategy and growth officer, roughly ten-million people who are already in its FanCash program will be converted to the Fanatics One program. The program will further draw a connection between Fanatics' growing business verticals across the sports industry.
