For: July 10, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed higher on Wall Street Wednesday. The Nasdaq notched a record close, while the S&P 500 was boosted by tech stocks like Nvidia. The chip-maker officially became the first company to reach a market cap of four-trillion-dollars in what many analysts are calling a "huge historical moment for the U.S. tech sector." At the closing bell, the Dow Jones Industrial Average gained 217 points to 44-458. The S&P 500 rose by 37 points to 62-63. The Nasdaq gained 192 points to 20-611.
>>Linda Yaccarino Stepping Down As 'X' CEO
(Bastrop, TX) -- Linda Yaccarino is stepping down as CEO of X. Yaccarino announced her exit in a post on the platform where she expressed that she is "immensely grateful" to Musk for "entrusting" her to lead the company for two years. Her exit comes months after Musk sold X to xAI which is his artificial intelligence company. The move formally combined the two entities and raised questions about Yaccarino's role in the new company.
>>Weekly Jobless Claims Report Out Today
(Undated) -- The latest reading on first-time requests for unemployment benefits will be out today. The Labor Department is expected to report receiving around 235-thousand new filings last week, relatively unchanged from the previous week's 233-thousand.
>>Fed Policymakers Split Over On How Many Rate Cuts Are Ahead
(Washington, DC) -- Federal Reserve policymakers are split on how aggressive rate cuts should be. Minutes from last month's meeting released Wednesday said, "Most participants assessed that some reduction in the target range for the federal funds rate this year would likely be appropriate." The Central Bank has held rates in the four-and-a-quarter-to-four-and-a-half-percent range since December. A "couple" officials felt rate cuts could happen as soon as this month. The Fed's next meeting is set for July 29th and 30th.
>>Philly Worker Strike Ends After Lengthy Negotiations
(Philadelphia, PA) -- City workers in Philadelphia are back at work today after a deal was reached between the city and the AFSCME District Council 33. Thousands of employees went on strike more than a week ago. It had a major impact on 9-1-1 dispatch, water services and trash removal. The deal includes three-percent raises each year for three years.
>>Trump Says Copper Tariff To Begin August 1st
(Washington, DC) -- President Trump says the 50-percent tariff on copper imports will begin August 1st. He had previously announced the tariff -- but posted the start date on Truth Social Wednesday night. Trump said the timing was based on a "robust national security assessment." Copper is the third-most used metal in the U.S., after iron and aluminum. The tariff aims to boost domestic production, as the U.S. currently imports nearly half the copper it uses.
