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Friday, August 15, 2025

Economy

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Horne Auto Center To Hold Prices Amid Global Tariff Changes

SHOW LOW - Horne Auto Center is supporting General Motors' recent announcement that it will not raise vehicle prices in response to new tariffs on imported vehicle parts. Despite facing an estimated $1.1 billion in added costs during Q2 of 2025. GM has confirmed it will absorb the impact rather than pass it along to consumers.

Dow closes more than 1,200 points as global equity downturn continues

U.S. stocks plunged for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,200 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending.
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