For: July 7, 2025
>>Wall Street Welcomes Fresh Trading Week
(New York, NY) -- The opening bell rings this morning after what was a holiday-shortened trading week on Wall Street. Stocks closed higher on Thursday amid a surge that came after a better-than-expected June jobs report. The S&P 500 set another new record, gaining eight-tenths-of-a-percent. At the closing bell, the Dow Jones Industrial Average gained 344 points to 44-828. The S&P 500 jumped 51 points to 62-79. The tech-heavy Nasdaq jumped 207 points to 20-601.
>>Trump Sending Tariff Letters
(Washington, DC) -- President Trump says he has signed letters to 12 countries going out today with "take it or leave it" tariff offers. Treasury Secretary Scott Bessent says tariffs that were paused for negotiating will take effect on August 1st for those countries. Bessent said Trump's letters say that if you don't move things along, then on August 1st, "you will boomerang back" to a higher tariff level. Bessent added he expects to see "several big announcements over the next couple of days" about trade deals.
>>TikTok Developing New Separate U.S. Version Before Divestment Deadline
(Culver City, CA) -- TikTok is reportedly developing a new version of its social media platform for its U.S. customers. Its Chinese parent company ByteDance must divest its U.S. operations to non-Chinese owners in order to comply with a new federal law by September or risk being banned. U.S. lawmakers support the move with fears of the Chinese government tapping into the personal records of its 170-million American users. According to the tech publication The Information, the new TikTok version will launch in September.
>>EV Tax Credits Ending
(Washington, DC) -- Tax credits for electric vehicles will expire September 30th under the sweeping spending bill passed last week by Congress. That includes the 75-hundred dollar credit for buying or leasing a new electric vehicle and the four-thousand-dollar credit for used EVs. A Harvard University analysis estimated ending the credits will save the government about 170-billion-dollars over a decade while reducing electric vehicle market penetration by six percent.
>>Nissan Issues Massive Recall Over Engine Failure Threat
(Franklin, TN) -- Nissan is recalling hundreds of thousands of vehicles in the U.S. over a faulty part that could cause engine failure. According to a NHTSA recall report, engine bearings within certain models under its brand and the Infiniti brand might have a "manufacturing defect" that could "cause engine damage and potentially lead to engine failure." The company says owners may encounter an "abnormal noise" from the engine compartment, rough running, malfunction indicator lights or instrument cluster warning messages if their vehicle is experiencing problems with its bearings. According to Nissan, "a remedy is available," and affected vehicle owners will receive a notification letter with instructions to bring their vehicle in for inspection and repair if necessary.
>>Nearly 50K Electric Chainsaws, Pole Saw Recalled
(Undated) -- Nearly 50-thousand electric chainsaws and pole saws are being recalled due to "laceration hazards." The recall was issued Thursday by Positec Tool Corporation. The Consumer Product Safety Commission said the main switch on the corded chainsaws and pole saws can fail and allow the saw to continue to run even after the switch is released. The recall covers Hyper Tough nine Amp Electric Corded 14-inch Chainsaws, Worx eight amp 14-inch Electric Chainsaws, Worx eight amp Electric Pole Saws and Portland nine Amp 14-inch Chainsaws.
