Business News

AM Business Notebook 

For: July 9, 2026

>>Ahead Of The Bell  

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed mixed yesterday.  It came after President Trump said the ceasefire with Iran was over after the two sides traded attacks.  Oil prices have also surged in response. West Texas Intermediate futures also jumped over four-percent. At the closing bell, the Dow Jones Industrial Average lost 576 points to 52-348.  The S&P 500 fell 21 points to 74-82.  The Nasdaq gained 51 points to 25-870.

 

>>Survey: Confidence In Capitalism, Democracy Declining

(New York, NY)  --  Americans are losing faith in capitalism and democracy.  A new Wall Street Journal-NORC poll finds that just under half of Americans say capitalism is working very well or somewhat well, down from 60-percent a decade ago.  Just 35-percent are fairly sure that the county offers the opportunity for good jobs and the American dream.  There's even less confidence in our system of government.  Just 12-percent say democracy is working very well or extremely well.  More than two-thirds feel the U.S. is in decline.  Younger Americans were more likely to express pessimism than older Americans.

 

>>Airlines' Fuel Cost Soared In May

(Undated)  --  Newly released government data shows airlines' jet fuel costs are up this year.  According to the data, the Bureau of Transportation Statistics found that airlines spent six-point-six billion dollars on jet fuel in May, marking an 84 percent increase from one year ago.  Fuel is one of the industry's biggest operating expenses, and higher costs have forced carriers to raise fares.  The latest figures reflect the vulnerabilities airlines faced due to the Strait of Hormuz's closure disrupting global maritime shipping.

 

>>Ford Recalls 177,000 Vehicles

(Detroit, MI)  --  Ford is recalling over 177-thousand vehicles for a trio of defects.  The recall includes 2024-2026 Mustangs and 2025-2026 Mustang GTDs for a windshield wiper issue.  Mustang Mach Es model years 2021-2023 have a risk of a pinion shaft fracture.  And the 2024-2027 Lincoln Nautilus Hybrid and Explorer Hybrid could suffer from a software error that can cause the pedestrian warning to malfunction.  Dealers will make repairs free of charge.  

 

>>Meta To Build Data Center In Canada

(Menlo Park, CA)  --  Meta plans to start building data centers in Canada.  The company announced Wednesday it plans to break ground on its first facility north of the border in Alberta.  The one-gigawatt center is Meta's 33rd in its AI build-out plan.

 

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