For: August 22, 2025
>>Trading Week Winding Down
(New York, NY) -- The opening bell rings this morning after stocks closed lower on Wall Street yesterday. At the closing bell, the Dow Jones Industrial Average fell by 152 points to 44-785. The S&P 500 dropped by 25 points to 63-70. The Nasdaq lost 72 points to 21-100.
>>Federal Reserve Chair Powell To Speak At Jackson Hole
(Jackson Hole, WY) -- Investors will be watching for any clues on interest rates as Fed Chairman Jerome Powell delivers remarks today at the annual Jackson Hole economic symposium. Powell's speech will no doubt be dissected for any hints on possible interest rate cuts. The Fed meets again in September, and many economists expect a rate cut. President Trump has been a harsh critic of Powell over his refusal so far to cut rates.
>>Steak 'n Shake Chimes In On Cracker Barrel Logo Uproar
(Indianapolis, IN) -- Steak 'n Shake is weighing in on the Cracker Barrel logo controversy. The Cracker Barrel logo used to show an old man sitting next to a barrel, but on Tuesday the restaurant chain unveiled a new logo without the classic image. The rebrand caught the attention of their competitor, Steak n' Shake, which posted on social media Wednesday that Cracker Barrel was eliminating their "heritage" from their logo, "in a cheap effort to gain the approval of trend seekers." In an earlier post, the burger chain said, "At Steak n Shake, we have gone back to basics," and added, "oh yeah, you can also now pay with Bitcoin."
>>Boeing Strike Continues
(St. Louis, MO) -- Thousands of Boeing workers in the St. Louis area remain on strike as another work week comes to a close. About 35-hundred members of the Machinists and Aerospace Workers' Union walked off the job earlier this month following failed negotiations over a new contract. The striking workers are mainly responsible for the building of fighter jets and weapons systems.
>>LA Fitness Sued By FTC Over Cancellation Policy
(Irvine, CA) -- The operators of LA Fitness are being sued by the Federal Trade Commission. The FTC says the company, and its subsidiaries, makes it nearly impossible for customers to cancel memberships and related services. The agency also says Fitness International, illegally charged customers hundreds of million of dollars in unwanted recurring fees because of the cancellation difficulties. The FTC is working to stop the company from those practices and get customers some money back.
>>Apple TV+ Price Hikes
(Cupertino, CA) -- The cost of Apple TV-Plus is going up. The streaming service will now cost 13-dollars per month after previously costing 10-bucks per month. The new price went into effect Thursday for new subscribers while existing customers will see the price hike over the next 30 days. Apple TV-Plus is the only major streaming service without a cheaper ad-supported option. This is the first price increase for Apple TV-Plus since October 2023.
>>Starbucks Expanding Test Of Coconut Water Beverages
(Undated) -- Starbucks is expanding its test of coconut water beverages. The coffee giant will be testing two new drinks, Coco Matcha and Coco Cold Brew. The drinks layer matcha foam or cold brew foam over coconut water. More than 400 stores nationwide will carry the beverages as the company leans into health and wellness. Meanwhile, it's almost PSL season at Starbucks with the iconic Pumpkin Spice Latte set to return to menus this coming Tuesday.
