July 31, 2025

Spotify Lowers Third-Quarter Profit Forecast Amid Higher Employee Taxes

Spotify predicts a lower third-quarter profit due to increased employee taxes, despite strong demand for its premium subscriptions. The company’s shares dropped nearly 9%, and it expanded its share buyback program to $2 billion in an effort to reassure investors.

July 31, 2025

US Economic Growth Projected to Rebound Amid Tariff Challenges

Analysts forecast a 2.5% annual growth rate for the US economy in Q2 following a decline in Q1, influenced by trade shifts and tariffs. Despite this rebound, underlying issues from tariff pressures may hinder long-term growth.

July 31, 2025

Trump's Tariffs Force Companies to Raise Consumer Prices

Procter & Gamble announces price hikes on 25% of its products in the U.S. to offset President Trump's tariffs, dealing a blow to American consumers. Companies face tough choices between lower profits and higher prices, while consumer spending remains cautious amidst inflation concerns.

July 31, 2025

Trump Raises Tariffs on India and Brazil While Negotiating with South Korea

In a recent trade policy shift, President Trump announced higher tariffs on imports from India and Brazil while negotiating terms with South Korea. India faces a 25% tariff, Brazil a significant hike to 90%, whereas South Korea might see reduced duties in exchange for investments. This follows a broader trend of increasing tariff rates under Trump’s administration.

July 31, 2025

Bar K Dog Bar Closes All Locations Amid Financial Struggles

Bar K dog bar shuts down its locations in St. Louis, Kansas City, and Oklahoma City due to rising costs and financial issues, disappointing members who will not receive refunds. The company is seeking partnerships to provide alternative benefits to its members.