For: August 29, 2025
>>Trading Week Winding Down
(New York, NY) -- The opening bell rings this morning after stocks closed higher on Wall Street yesterday. At the closing bell, the Dow Jones Industrial Average gained 71 points to 45-636. The S&P 500 rose by 20 points to 65-01. The Nasdaq gained 115 points to 21-705. Investors today will be keeping an eye out for the release of the Federal Reserve's preferred inflation gauge - the Personal Consumption Expenditures Index.
>>Global Tariff Exemption Ending
(Washington, DC) -- The U.S. global tariff exemption for low-cost goods ends today. It's the nearly century-old "de minimis" exemption, which allowed items worth less than 800-bucks to be shipped to America duty-free, or without having to pay any tariffs. Japan, India, and many European nations already announced suspensions of U.S.-bound shipments. Shoppers in the U.S. who order goods from overseas may soon start seeing cancellation notices.
>>AI Poses Greater Threat To Entry-Level Jobs
(Undated) -- Artificial intelligence is posing a threat to entry level jobs. A Stanford University study found entry-level jobs for workers between 22 and 25 years old have declined by 13 percent since the widespread adoption of the technology. According to researchers, declines in employment are happening in jobs that are "most exposed to AI," which can include software developers, customer service representatives, computer programmers, receptionists and others. Researcher's acknowledged that estimates may be influenced by other factors other but said the "results are consistent with the hypothesis that generative AI has begun to significantly affect entry-level employment."
>>Fed Gov Lisa Cook Sues President Trump
(Washington, DC) -- Federal Reserve Governor Lisa Cook is filing a lawsuit after President Trump moved to fire her. The suit is the start of a legal battle between the two sides that will likely end up in front of the Supreme Court. It follows a Justice Department criminal investigation into the board governor after she was accused of making false statements on home mortgage applications. Trump has called for the Fed to cut rates for months. Cook's lawyer has said "Trump has no authority to remove Cook," and the firing "lacks any factual or legal basis."
>>Labor Day Gas Prices Lowest Since 2020
(Undated) -- Labor Day weekend gas prices are expected to be the lowest since 2020. According to an analysis from GasBuddy, the projected cost of fuel will be three-dollars-and-15-cents per gallon, marking the "cheapest summer" for gas prices since the pandemic. The company's head of petroleum says he is "optimistic that as cooler weather invades, gas prices too, will seasonally cool off." Despite price drops, gas prices in nearly half of all states have risen in the last month due to localized refinery outages.
>>WhatsApp Launches New AI Feature To Improve Messages
(Menlo Park, CA) -- WhatsApp is rolling out a new AI feature that helps users with writing. Writing Help lets users get AI-generated suggestions that rewrite messages in, reportedly, a professional, funny or supportive way. The AI can also rephrase a message to change its tone. The new writing help feature is an effort to steer users away from ChatGPT to WhatsApp's own in-app technology.
>>Samsung To Hold Unpacked Event
(Suwon, South Korea) -- Samsung is holding a virtual event next week to show off something new. The company isn't saying yet what it plans to announce. The "Unpacked" event will be streamed live September 4th at 5:30 a.m. Eastern on the company's YouTube page.
