Business & Markets — July 7, 2026

Toyota reshores Tacoma production. Toyota will invest $3.6 billion to move Tacoma midsize pickup production from Mexico to its San Antonio campus, a major reshoring move for U.S. manufacturing.

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Samsung profit sets record. Samsung Electronics reported preliminary second-quarter profit up 1,800% to a record high on AI chip demand. But shares fell as investors worried about capital spending.

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Top earners drive U.S. spending. A Bank of America analysis finds the top 10% of U.S. households spend nearly as much on non-essentials as the bottom 70% combined.

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SpaceX joins Nasdaq-100. SpaceX officially joins the Nasdaq-100 Tuesday, and analysts warn the addition could widen the volatility gap between the tech-heavy index and the S&P 500.

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