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... Furniture Stocks Retreat After Trump Threatens Tariffs on Imports

Wayfair led the decline in after-hours trading after President Trump announced a 50-day investigation to determine a tariff rate on furniture imports.
https://www.wsj.com/economy/trade/furniture-stocks-retreat-after-trump-threatens-tariffs-on-imports-961d8994

... The Federal Reserve said it would no longer intentionally allow inflation to run above the central banks 2% target, unveiling a revision to the central banks long-run strategy

The central bank retired a previous strategy and on Friday unveiled a new approach that updates how inflation and employment are balanced.
https://www.wsj.com/economy/central-banking/fed-officials-erase-old-policy-that-tolerated-higher-inflation-7636e3ee

... Canadas decision to drop tariffs on most U.S. imports could give the countrys central bank a freer hand in cutting interest rates because the threat of trade-related inflation has dissipated, economists say

The country’s 25% tariff on roughly $21 billion of U.S. goods will no longer apply as of Sept. 1
https://www.wsj.com/articles/canadas-rollback-of-retaliatory-tariffs-could-set-stage-for-rate-cuts-economists-say-c422f36f

... Federal Reserve Chair Jerome Powell opened the door for the central bank to cut rates as soon as its meeting next month

The Fed chair opened the door for rate cuts next month when he said the labor market might be softening enough to rein in inflation that is being pushed up by tariffs.
https://www.wsj.com/economy/central-banking/powell-highlights-job-market-worries-opening-path-to-rate-cut-4169a7ba

... Europes Fragile Energy Lifeline Exposed by Ukraines Strikes in Russia

Ukraine’s attacks, encouraged by President Trump, have disrupted flows and triggered angry reactions from regional leaders.
https://www.wsj.com/world/europe/europes-fragile-energy-lifeline-exposed-by-ukraines-strikes-in-russia-3ac3b3bf

... Trump Gives Familiar Two-Week Deadline for Next Steps to End War in Ukraine

President Trump offered a new—and familiar—deadline for the leaders of Russia and Ukraine to move forward with a peace process or else face possible U.S. retaliation, saying he’d make a determination within “two weeks.”
https://www.wsj.com/world/russia/trump-gives-familiar-two-week-deadline-for-next-steps-to-end-war-in-ukraine-24b546e7

... Canada to Remove 25% Tariff on Some U.S. Goods

The move is seen as a sign of goodwill from Ottawa as it tries to reset its trading relationship with the U.S.
https://www.wsj.com/world/americas/canada-to-remove-25-tariff-on-some-u-s-goods-1b40df8e

... The Score: Intel, Home Depot, Meta and More Stocks That Defined the Week

Here are some of the major companies whose stocks moved on the week’s news.
https://www.wsj.com/finance/stocks/the-score-intel-home-depot-meta-and-more-stocks-that-defined-the-week-4c3a2ddd?mod=rss_markets_main

... Dow Rises More Than 800 Points to First Record of 2025

The prospect of interest-rate cuts sparked broad gains in stocks.
https://www.wsj.com/finance/stocks/dow-rises-more-than-800-points-to-first-record-of-2025-9fe99929?mod=rss_markets_main

... Listen to parts of Ghislaine Maxwell's interview with DOJ

The Department of Justice released its interview transcripts with Ghislaine Maxwell, an accomplice to sex criminal Jeffrey Epstein and convicted of crimes related to Epstein's trafficking of underage girls. CBS News' Jake Rosen has more details and Caroline Polisi has analysis.
https://www.cbsnews.com/video/listen-parts-ghislaine-maxwell-interview-doj/

... Kilmar Abrego Garcia released from detention, returning to Maryland

Kilmar Abrego Garcia has been reunited with family and plans to travel to Maryland before returning to Tennessee in January for his criminal trial.
https://www.cbsnews.com/news/kilmar-abrego-garcia-released-detention/

... Trump says U.S. government taking a 10% stake in tech giant Intel

Speaking with reporters on Friday, President Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan.
https://www.cbsnews.com/news/trump-says-u-s-government-taking-a-10-percent-stake-in-intel/

... Fed Chair signals upcoming interest rate cuts, stocks skyrocket in response

Federal Reserve Chair Jerome Powell gave a speech that sent all three stock indexes soaring. Traders excavated clues of an interest rate coming. Archie Hall, U.S. economics editor for The Economist, joins "The Takeout" to discuss.
https://www.cbsnews.com/video/fed-chair-signals-upcoming-interest-rate-cuts-stocks-skyrocket-response/

... Trump calls former adviser John Bolton a "sleaze bag" as the FBI searches his home

President Trump said he does not know anything about the FBI search of the home and office of his former national security adviser, John Bolton. He did take the opportunity to criticize him, calling Bolton a "sleaze bag." CBS News' Ed O'Keefe reports from the White House.
https://www.cbsnews.com/video/trump-calls-former-adviser-john-bolton-sleaze-bag-fbi-searches-home/

... Three-star general Jeffrey Kruse ousted as Defense Intelligence Agency director

Lt. General Jeffrey Kruse is no longer Defense Intelligence Agency director, a senior defense official confirmed Friday.
https://www.cbsnews.com/news/jeffrey-kruse-ousted-as-defense-intelligence-agency-director/

... 7/18: The Takeout with Major Garrett

CBS News interviews ICE's acting director; President Trump sues the WSJ over its Epstein story. Note: Mr. Trump's suit names six defendants, not five.
https://www.cbsnews.com/video/071825-the-takeout/

... Dow surges more than 800 points after Fed's Powell hints at rate cut

Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
https://www.cbsnews.com/news/stocks-up-jerome-powell-speech-jackson-hole/

... Official gives update on deadly New York bus crash

Officials in New York provided an update on a tour bus crash that left several people dead and injured.
https://www.cbsnews.com/video/official-gives-update-deadly-new-york-bus-crash/

... 3 things that can reduce your Social Security benefits now

Your monthly Social Security check might be smaller than expected due to these often overlooked factors.
https://www.cbsnews.com/news/what-can-reduce-your-social-security-benefits-now/

... Trump's DOJ releases transcript of Ghislaine Maxwell's interview with Blanche

The Justice Dept. released transcripts of Deputy AG Todd Blanche's two-day interview with convicted sex trafficker and Jeffrey Epstein associate Ghislaine Maxwell.
https://www.cbsnews.com/news/trump-doj-transcript-ghislaine-maxwell-todd-blanche/