For: July 11, 2025
>>Trading Week Winding Down
(New York, NY) -- The opening bell rings this morning after stocks closed higher on Wall Street Thursday. The S&P 500 and the Nasdaq both wrapped things up at record highs. At the closing bell, the Dow Jones Industrial Average gained 192 points to 44-650. The S&P 500 gained 17 points to 62-80. The Nasdaq gained 19 points to 20-630.
>>Trump Imposes 35% Tariffs On Canada
(Washington, DC) -- President Trump is informing Canada he plans to impose a 35-percent tariff on the country in August. In a letter to Prime Minister Mark Carney, Trump said that starting August 1st, a 35-percent tariff on Canadian products sent into the U.S. will be imposed. Trump said it comes as part of a response to "Canada's retaliation" and ongoing trade barriers. In the letter, he went on to accuse Canada of failing to cooperate on key issues, including the flow of fentanyl into the U.S.
>>Record U.S. Housing Shortage
(Undated) -- The U.S. housing shortage is hitting a new record at four-point-seven-million homes. A new Zillow analysis examined the latest census data and found the nation's housing deficit grew by 159-thousand homes in 2023 despite a homebuilding surge over the past five years. The analysis found the housing shortage is driving an affordability crisis that is pushing millions of families to double up and live with nonrelatives. According to Zillow, New York City had the biggest housing deficit of the nation's 50 largest metros, with a shortage of more than 400-thousand units.
>>Tesla Expanding Robotaxi Service Area
(Austin, TX) -- Tesla is expanding its robotaxi service area in Austin, Texas soon. CEO Elon Musk shared news of the expansion on 'X,' and noted that the company is awaiting regulatory approval for a launch in the Bay Area "probably in a month or two." In addition to the expansion, Tesla will integrate xAI's Grok into vehicles as it rolled out a new iteration of the artificial intelligence chatbot. Musk's xAI officially launched the Grok 4 update overnight as the company faced backlash for recent antisemitic comments written by the chatbot.
>>Divide Over AI Implications
(Undated) -- Americans are divided on the implications of artificial intelligence. According to a recent Gallup poll, 49-percent of U.S. adults surveyed said AI is "just the latest in a long line of technological advancements that humans will learn to use to improve their lives and society." But the polling also found that the other 49-percent of respondents said AI is "very different from the technological advancements that came before, and threatens to harm humans and society."
>>Ford Recall Over Faulty Fuel Pump
(Dearborn, MI) -- Hundreds of thousands of Ford and Lincoln vehicles are being recalled. According to a National Highway Traffic Safety Administration notice, more than 850-thousand vehicles are being recalled because the low-pressure fuel pump may fail, which can lead to an engine stall while driving and increase the risk of a crash. Affected models include the Ford Bronco, Expedition, Mustang, and F-150 as well as Lincoln Aviators and Navigators. The company said it does not have a fix for the issue yet, but it plans to start notifying owners about the safety risk by mail next week.
>>North Carolina 2025 Top State For Business
(Undated) -- North Carolina is topping the list of best American states for business in 2025. According to CNBC's annual rankings, the Tar Heel state secured its spot with a solid economy, a world-class workforce, and a wealth of corporate hospitality. North Carolina captured its third Top States crown in the last four years after missing the top spot by just three points last year. Massachusetts claimed 2025's Most Improved State while Alaska finished last.
>>Ferrero To Buy WK Kellogg For $3.1 Billion
(Battle Creek, MI) -- Chocolate maker Ferrero is agreeing to buy cereal company WK Kellogg. The deal is valued at three-point-one-billion-dollars. Shares of Kellogg, the maker of popular cereals like Froot Loops and Frosted Flakes, rose sharply after the deal was announced. It's expected to be completed later this year after approval from shareholders and regulators.
