Ford Recalls Nearly 1 Million Vehicles in U.S. and Canada for Fuel‑Pump Fault
A low‑pressure fuel‑pump defect has forced Ford to pull about 850,000 SUVs, trucks and luxury Lincolns built from 2021‑23, marking its second‑largest recall of the year.
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TikTok CEO Seeks Emergency Meeting With Canada Over Shutdown Order
Shou Chew has asked Industry Minister Mélanie Joly for a face‑to‑face meeting within two weeks, urging Ottawa to reverse an order that would shutter TikTok’s Canadian offices and cut hundreds of jobs.
Meta’s First AI Supercluster ‘Prometheus’ Set to Launch in 2026
Meta CEO Mark Zuckerberg has revealed the company’s next major leap in AI infrastructure: the launch of its first AI data supercluster, dubbed Prometheus, expected to go online in 2026.
Indeed and Glassdoor Cut 1,300 Jobs as Parent Firm Bets Bigger on AI
Recruit Holdings will lay off 6 % of staff at job boards Indeed and Glassdoor—its third downsizing in three years—as it folds Glassdoor into Indeed and shifts resources to artificial-intelligence tools.
Lucid Air Sets Guinness Record with 749-Mile Drive on a Single Charge
Lucid Motors’ Air Grand Touring has logged 1,205 km (749 mi) on one charge, smashing the EV distance record and demonstrating the brand’s industry-leading efficiency.
Trump Imposes 30% Tariffs on EU and Mexico, Effective August 1
President Donald Trump has ordered a blanket 30 % duty on all imports from the European Union and Mexico starting August 1, escalating trade tensions and rattling global markets.
Amazon Prime Day 2025 Posts Record $24 B in Four-Day Shopping Marathon
Adobe Analytics says U.S. shoppers spent an unprecedented $24.1 billion during the expanded July 8-11 Prime Day, while Amazon touts its “biggest event ever” across 35+ categories.
Jannik Sinner Captures 2025 Wimbledon Crown, Topples Alcaraz in Four Sets
World No. 1 Jannik Sinner defeated two-time defending champion Carlos Alcaraz 4-6, 6-4, 6-4, 6-4 to claim his maiden Wimbledon title and fourth career Grand Slam, igniting a fresh chapter in their rivalry.
Tesla to Start India Deliveries in August After Mumbai Showroom Debut
Tesla will open its inaugural showroom in Mumbai on July 15 and expects to hand over its first vehicles to Indian customers by late August, marking a long-awaited entry into the world’s third-largest car market.
Robinhood Chief’s Startup Harmonic AI Hits $900 Million Valuation After $100 Million Raise
Harmonic AI, the math-focused artificial-intelligence venture co-founded by Robinhood CEO Vlad Tenev, has secured $100 million in fresh funding, lifting its valuation to just under $900 million.
Andreessen Horowitz Abandons Delaware, Reincorporates in Nevada
Venture capital powerhouse Andreessen Horowitz has shifted its legal home from Delaware to Nevada, calling the Silver State more business-friendly and urging startups to follow its lead.
Trump Slaps 35% Tariff on All Canadian Imports, Raising Stakes in Trade Dispute
A late-night letter from the White House confirms a sweeping 35 % levy on Canadian goods effective Aug. 1, sending markets skidding and prompting Ottawa to weigh retaliation.
Kraft Heinz May Split Into Two Companies, Shares Jump
A Wall Street Journal report says Kraft Heinz is studying a breakup that would separate its grocery staples from its faster-growing condiment business, sending the stock sharply higher.
Justin Bieber Drops Surprise Album ‘Swag,’ His First Release in Four Years
Pop superstar Justin Bieber has shocked fans with Swag, a 21-track album that marks his first full-length project since 2021’s Justice and signals a more mature, R&B-leaning sound.
Ferrero to Buy WK Kellogg in $3 Billion Bid to Add Corn Flakes to Nutella Empire
Italian confectioner Ferrero, maker of Nutella and Ferrero Rocher, will acquire cereal icon WK Kellogg for about $3 billion, gaining Froot Loops and Frosted Flakes as it expands its U.S. footprint.
Microsoft Outlook Endures 11-Hour Global Outage Before Gradual Recovery
Millions lost access to Outlook.com, mobile, and desktop clients for over half a day after a configuration fault crippled Microsoft’s email backbone; service is now stabilizing worldwide.
‘Jurassic World Rebirth’ Roars to Record $318 Million Global Opening
Universal’s dino epic claws in $147.3 million over the July 4 holiday and $318 million worldwide, setting a new high-water mark for Independence Day launches.
Bitcoin Blasts Past $113K, Sets New All-Time High on July 10 2025
Bitcoin surged above $113,800 on July 10, 2025, smashing its previous record amid renewed institutional demand, shrinking exchange supply, and safe-haven inflows.
Elon Musk Confirms Grok AI Chatbot Coming to Tesla Vehicles Next Week
Tesla CEO Elon Musk has confirmed that the company's vehicles will begin receiving Grok, an AI-powered chatbot developed by his startup xAI, as early as next week. The chatbot, which is already integrated into X will function as a voice assistant within Tesla cars
OpenAI Set to Launch AI-Powered Browser Aiming at Google Chrome’s Dominance
OpenAI will debut an AI-first web browser within weeks, hoping to woo ChatGPT’s 400 million users and chip away at Google Chrome’s lucrative ad empire.
Trump Hits Brazil With 50% Tariff, Citing Bolsonaro Trial and ‘Unfair’ Trade
Donald Trump has imposed a 50% tariff on imports from Brazil, citing both trade concerns and political motivations. The former president specifically pointed to Brazil’s ongoing prosecution of Jair Bolsonaro, calling the trial a “disgrace” and saying it mirrors politically motivated attacks he himself has faced.
Top spots to visit with an SUV rental from JFK — The Weekend Traveler’s Guide
Flying into New York City for the weekend and planning to get out of town?
Survive & Thrive: Risk Tips for Startups
Discover how startups can manage uncertainty with practical tips and enterprise risk management strategies tailored for real-world business challenges.
AI Name Generators for Tech Startups: Best Picks and Tips
Launching a tech startup is exciting—but naming it? That’s where things get tricky. You want something that stands out, feels innovative, and communicates your vision in just a few syllables. In today’s fast-paced market, the right name can be the difference between being noticed or ignored.
Meta Assembles 50-Person Super-AI Lab After Poaching Stars From OpenAI and DeepMind
Meta poaches OpenAI, DeepMind stars for a 50-engineer Superintelligence Lab aimed at building next-gen multimodal AI beyond today’s chatbots.
Apple in Talks with OpenAI and Anthropic to Power Siri in AI Strategy Shift
In a surprising pivot, Apple is reportedly exploring partnerships with OpenAI and Anthropic to power a revamped version of Siri, marking a significant reversal in its AI strategy.
Lululemon Sues Costco Over Allegedly Knockoff Apparel Designs
Lululemon is taking Costco to court, accusing the retail giant of selling clothing that mimics its signature styles too closely. In a lawsuit filed in California, the activewear brand claims that Costco has been profiting from “confusingly similar” designs, including pants, hoodies, and jackets.
Jeff Bezos and Lauren Sánchez Marry in Star-Studded Venice Ceremony
Jeff Bezos and Lauren Sánchez are officially married, exchanging vows on June 27, 2025, in a glamorous black-tie ceremony on the island of San Giorgio Maggiore in Venice, Italy.
Trump Pulls Plug on Canada Trade Talks Over Digital Services Tax Dispute
Trump freezes Canada trade talks over digital tax, threatens new tariffs in a week; Ottawa vows to keep negotiating despite mounting pressure.
Uber Reportedly in Talks With Travis Kalanick on New Self-Driving Deal
Uber may team up with its ousted founder Travis Kalanick to back his bid for Pony.ai’s U.S. division. The move reflects rising pressure from Waymo, Tesla, and others as robotaxi competition heats up in major U.S. cities.
S&P 500 Flirts With New High as Wall Street Shrugs Off Tariff Jitters
S&P 500 nears a record, Dow jumps 404 points, and AI darlings keep tech roaring as tariffs fade from center stage—will July’s Fed call seal the rally?
Golden-Share Clause Lets President Oversee U.S. Steel Operations
Nippon Steel’s $14.9 B U.S. Steel buyout gives Trump a golden share—veto power on plant closures and offshoring—while future presidents defer to agencies.
Another Major Exit at Tesla: Musk's Confidant Departs Amid Restructuring
Tesla executive Omead Afshar, a close Elon Musk ally, has left the company as part of broader restructuring efforts. His departure comes amid slumping demand, a pivot to AI, and rising executive turnover.
Toronto Casino Hit With $350K Fine After EDM After-Party Sparks Chaos
Ontario regulator fines Great Canadian Casino $350K after surprise EDM after-party sparks fights, overdoses and slot-machine acrobatics.
Anna Wintour Steps Down as Editor-in-Chief of American Vogue After 37 Years
After nearly four decades at the helm of American Vogue, Anna Wintour is stepping down as editor-in-chief. She made the announcement during a staff meeting, revealing that a new “head of editorial content” will take over U.S. operations.
Intel to Cut 10,000 Jobs and Shut Down Automotive Division
Intel is preparing for a significant shift. Starting July 15, the tech giant will lay off 10,000 employees across four Santa Clara locations, including its headquarters on Mission College Boulevard.
Unifor & DHL Reach Tentative Deal, Ending Nation-Wide Lockout After Two Weeks
Tentative deal ends 17-day Canada-wide DHL lockout; 2,100 Unifor couriers and warehouse staff poised to vote on wage, workload, security gains.
Deloitte Sees Shallow 2025 Recession, Faster Growth Once Tariff Fog Lifts
Deloitte sees a shallow 2025 recession, then growth as tariff fog clears and Canada’s new “One Economy” reforms spark investment.
Spirit Airlines Fights JetBlue–United “Blue Sky” Deal
Spirit Airlines has officially filed a complaint against the proposed “Blue Sky” alliance between JetBlue and United Airlines. The low-cost carrier argues that this partnership would give United too much power and turn JetBlue into a follower, reducing competition in key cities like New York and Boston.
McDonald’s and Krispy Kreme End U.S. Donut Deal Amid High Costs
McDonald’s and Krispy Kreme are officially ending their U.S. donut partnership by July 2025, citing rising costs and limited rollout success. Originally announced in March 2024, the deal aimed to bring Krispy Kreme donuts to all 14,000 McDonald’s locations, but the treats only made it to 2,400 stores nationwide.
Compass Sues Zillow Over Listing Policy in Real Estate Clash
Real estate brokerage Compass is taking Zillow to court, accusing the listing giant of stifling competition with a new policy requiring public home listings to appear on Zillow within 24 hours.
New York Proposes First New Nuclear Power Plant in Decades
Governor Kathy Hochul has announced plans to build New York’s first new nuclear power plant since 1989, aiming to strengthen the state’s clean energy infrastructure. The proposed facility would be a next-generation, zero-emission plant located in upstate New York, producing at least one gigawatt of electricity.
Botpress Secures $25 M Series B to Scale AI-Agent Platform Worldwide
Botpress lands $25 M to ramp up its cloud platform for enterprise AI agents, hiring fast and targeting global rollouts beyond prototype chatbots.
Ruby Liu Wins First Three Hudson’s Bay Leases, Sets Stage for Modern Department-Store Chain
Judge okays Ruby Liu’s $6 M purchase of three Hudson’s Bay leases, first step in her plan to launch modern department stores across Canada.
Klarna Enters Wireless Arena With $40 Unlimited 5G Plan for U.S. Shoppers
Klarna jumps into wireless: $40 unlimited 5G, instant eSIM setup, zero hidden fees—U.S. first, U.K./Germany next.
Lululemon Cuts 150 Corporate Roles Amid Rising Tariff Pressures
Lululemon is cutting approximately 150 corporate roles, primarily from its store support centres, as part of a broader restructuring effort to stay agile amid shifting global trade dynamics.
Over 1,000 New U.S. Millionaires a Day, UBS Wealth Report Finds
UBS's 2025 Global Wealth Report reveals that over 379,000 Americans became millionaires in 2024—more than 1,000 each day. Driven by strong markets and a stable U.S. dollar, the U.S. now accounts for nearly 40% of the world's millionaires, with global wealth up 4.6%.
Kirkland’s Rebrands as The Brand House Collective
Kirkland’s is rebranding as The Brand House Collective to lead a new multi-brand retail strategy. With Bed Bath & Beyond, Overstock, and buybuy Baby under its umbrella, the company plans store conversions, leadership changes, and a bold retail transformation in 2025.
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