Maker of Nirvana's Guitar Sound Copes With Trump's Tariff Chaos
Just ask Mike Matthews, who founded New York's Electro-Harmonix in 1968. The company makes equipment that alters the sound from electric guitars, creating effects used by the likes of the White Stripes, Red Hot Chili Peppers and Smashing Pumpkins. Kurt Cobain's guitar riff on Nirvana's 'Smells Like Teen Spirit?' That's EHX's Small Clone chorus pedal.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Budweiser maker Anheuser-Busch to invest $15 million in US brewery
(Reuters) -Anheuser-Busch InBev, said on Tuesday that it would invest $15 million in its U.S. brewery, at a time when President Donald Trump is pushing to boost domestic production. This move is part of Anheuser-Busch's $300 million investment announced in May to create and sustain manufacturing jobs in the U.S. this year. Several businesses across the globe have been ramping up investments and expanding their presence in the United States to avoid tariffs and align with the Trump administration's "Made in America" push. AB InBev said the investment includes funding for supply chain infrastructure to transport its domestically grown ingredients to the St. Louis, Missouri brewery, and to get beer brands, including Budweiser and Bud Light, to consumers. In July, the company saw a decline in sales volumes due to tepid demand in Brazil and China, adding to investor woes over the industry growth.
Yahoo
12 minutes ago
- Yahoo
Landry pledges Louisiana National Guard troops for Trump's DC takeover
National Guard members with 41st Field Artillery Regiment of New Orleans unload bags of ice to load into vehicles at a Hurricane Ida distribution point near the Lake Charles Civic Center on Aug. 31, 2020. (Photo by Wes Muller/Louisiana Illuminator) Gov. Jeff Landry has approved sending 135 members of the Louisiana National Guard to Washington, D.C., in support of President Donald Trump's takeover of the city's police department. More than 1,000 National Guard soldiers from multiple states have been directed to the nation's capital since Trump declared a 'crime emergency' there, despite its violent crime rate reaching a 30-year low. 'We are a nation of law and order. Our capital is a reflection of our nation's respect, beauty, and standards,' Landry wrote Monday in a social media post. 'We cannot allow our cities to be overcome by violence and lawlessness. I am proud to support this mission to return safety and sanity to Washington DC and cities all across our country, including right here in Louisiana.' The governor did not indicate how long Louisiana's guard members will be deployed. The part-time soldiers typically hold separate full-time jobs they must leave behind when on assignment. In addition Louisiana, Mississippi Gov. Tate Reeves will send 200 of his National Guard members to Washington; Ohio Gov. Mike DeWine will send 150 members his state's National Guard; South Carolina Gov. Henry McMaster approved 200 members; and West Virginia Gov. Patrick Morrisey will send up to 400 National Guard members. In addition to deploying the National Guard to Washington, Trump has leaned on the district's Home Rule Act to have the 3,400-person Metropolitan Police Force assist in immigration enforcement. Trump's emergency order expires in about three weeks, but he has said he intends to extend it and ask Congress to pay for the effort. Solve the daily Crossword
Yahoo
12 minutes ago
- Yahoo
Morning Bid: Caution on Ukraine, eyes on Jackson Hole
By Mike Dolan LONDON (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Subdued world markets eyed proposals for a Ukraine-Russia summit with caution, while updates on the shaky U.S. housing market on Tuesday and this week's Federal Reserve conference in Jackson Hole dominated thinking. European stock benchmarks nudged higher and the defence sector slipped after U.S. President Donald Trump told his Ukrainian counterpart Volodymyr Zelenskiy that Washington would help guarantee Ukraine's security in any peace deal to end Russia's war. Germany said Zelenskiy and Russian President Vladimir Putin would meet within the next two weeks. In response, the euro firmed against the dollar, crude oil ticked lower and gold edged up. * U.S. Treasuries have been on the backfoot since the alarming U.S. producer price report last week, with 30-year bond yields holding just shy of 4.95% on Tuesday and the two-to-30 year yield curve gap firming above 117 basis points for the first time since January 2022. With July housing starts on the diary later, along with a retail update from Home Depot, Fed futures currently price just over an 80% chance of a quarter point rate cut next month. Fed Chair Jerome Powell gives his keynote Jackson Hole speech on Friday. * S&P Global on Monday affirmed its 'AA+' U.S. sovereign credit rating and assigned it a stable outlook, saying the revenue from Trump's tariffs will offset the deficit hit from his recent fiscal bill and the budget gap would average 6% of GDP during the 2025-2028 period - down from 7.5% in 2024. Wall Street stock futures were flat ahead of Tuesday's bell after ending little changed yesterday, with Chinese and Japanese stocks in the red earlier. * Palo Alto Networks forecast revenue and profit above estimates on Monday, betting on growing demand for its artificial intelligence-powered cybersecurity solutions - sending its shares up 5% in extended trading. In other tech news, Intel is getting a $2 billion capital injection from SoftBank Group in a vote of confidence for the troubled U.S. chipmaker and Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there. Today's Market Minute * Intel (INTC.O), is getting a $2 billion capital injection from SoftBank Group, in a major vote of confidence for the troubled U.S. chipmaker that is in the middle of a turnaround effort. * Nvidia (NVDA.O), is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said. * U.S. President Donald Trump told President Volodymyr Zelenskiy on Monday that the United States would help guarantee Ukraine's security in any deal to end Russia's war there, though the extent of any assistance was not immediately clear. * Trump's high-stakes diplomacy to resolve the war in Ukraine is unlikely to jolt oil and gas markets, no matter the outcome, writes ROI energy columnist Ron Bousso. * Consumer spending's surprising resilience is a key reason why the economy has not only avoided recession, but continued to grow at a solid clip. The big question now, writes ROI markets columnist Jamie McGeever, is whether American households can keep that going, especially with higher, tariff-fueled prices coming down the pike. Chart of the day With Fed Chair Powell's speech at Jackson Hole on Friday watched closely for any signal about a resumption of Fed easing, the two key metrics on unemployment and inflation have changed little since the 2024 setpiece that flagged the first series of Fed cuts. Today's events to watch * U.S. July housing starts/permits (8:30 AM EDT); Canada July consumer prices (8:30 AM EDT) * Federal Reserve Vice Chair for Supervision Michelle Bowman speaks * U.S. corporate earnings: Home Depot, Medtronic, Keysight, Jack Henry Want to receive the Morning Bid in your inbox every weekday morning? Sign up for the newsletter here. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (by Mike Dolan; editing by Sharon Singleton) Sign in to access your portfolio
