24/07/2025 News

24/07/2025 News

Hello everyone. This blog is about news that I find out that happen today, that I find myself pretty interesting, and I will report every so often on the blogs I create. I get news off Google and Bing news when I through my usual daily news check. Keep in mind that most information I may gather may not be true and that I'm just summarizing what I find online off Google and Bing.

Hulk Hogan's cause of death revealed as WWE star found dead at home:

Hulk Hogan was found dead in his home at the age of 71. American WWE icon Hulk Hogan has unfortunately passed away at the age of 71 following a reported cardiac arrest in his Florida house. The wrestler, Terry Gene Bollea was found dead in his Clearwater home on Thursday Morning, July 24th 2025.

According to sources like TMZ, first responders were called to his home after receiving a call about a " cardiac arrest ". Police and paramedics reportedly parked outside the property this morning. According to the news outlet, the sporting giant was carried out of his mansion on a stretcher into an ambulance. Tributes have been pouring in for the Hulk - Hulk Hogan -, who rose to fame in the 1980's and appeared in Rocky III, following the tragic news of his passing.

Many fans were in shock and disbelief of his sudden death, with fans commenting on the star's most recent and final Instagram post, saying: " RIP BROTHER!! A TRUE LEGEND!!!" And other saying: " Rest in peace, brother." As more people share their thoughts on the situation and their tributes towards the WWE star, people still comment: " Still trying to believe this is real... Hulk Hogan wasn't just a wrestler - he was a childhood hero, a larger than life icon who made us believe in strength, loyalty and saying our prayers."

Those who were more die hard fans put comments: "The red and yellow didn't just stand for colours - they stood for heart. He made arenas shade, change lives, and inspired generations of fans to never give up. Hulkmania will never die, because legends like him never truly leave us. Rest easy, brother - and thank you for everything." With most people responding the post with, " RIP. Childhood is slowly dissapearing."

For his final post, the wrestling giant, who was 6 ft 7 in tall, shared a picture of himself on a beach towel holding a cold beverage. He captioned the post: " Beach day sponsored by Brotherhood."

With WWE also issuing a statement on X - Twitter -, which read: " WWE is saddened to learn WW Hall of Famer Hulk Hogan has passed away. One of the pop culture's most recognizable figures, Hogan helped the WWE achieve global recognition in the 1980's. WWE extends its condolences to Hogan's family, friends and fans. " With Celebrities and fellow wrestlers are continuing to share their tributes and condolences towards the late star who official cause of death is yet to be confirmed. Ahead of his passing, his wife, Sky, said that Hulk's heart was strong and he was recovering from a neck procedure. Although it may be hard to take in what just happened today, it's not that we should be sad that it ended. We should be happy that it happened.

American Airlines restores 2025 forecast, flags economic worries for keeping it broad:

Since 24th of July, 2025, the American Airlines has restored its financial forest and cited economic uncertainty for keeping its expectations broad - trying to turn from a potential loss to a profit. American generates more than two thirds of its passenger revenue from the domestic market and expects a per share loss of 20 cents to a profit of 80 cents in 2025.

Further more, the carrier said:" The company believes the top end of the range is achievable if demand in the domestic market continues to strengthen and only expects to be at the bottom end of the range if there were to be macro weaknesses that are not seen today. "

Most of the U.S. airlines had withdrew their financial forecasts in April, while some others have decided to reinstate their expectations, as they remain cautious about how the economy with fare in the the ever evolving tariff landscape. Demand in the domestic travel market has remained subdued with many budget travelers approaching their plants with caution as price rises due to the increasing tariffs placed my governments. American, which had enhanced its focus on the U.S. domestic market, sees itself more exposed to the trend.

Soft demand has also hurt earnings of the Southwest Airlines, one of, if not hte largest U.S. domestic airline, as during the summer, it is typically the peak money making season for these airlines as more people decide to go out and travel to different countries; although this year, summer isn't performing quite well and is falling short, with unsold standard economy seats forcing carriers to cut fares.

Domestic market was the weakest in the second quarter, with American's unit revenue, a proxy for pricing power, declining 6.4%  from a year ago. Meanwhile, its unite revenue in the international markets was up, led by a 5% annual jump in the transatlantic market.

As for the third quarter, American expects adjusted loss per share in the range of 10 cents to 60 cents, compared with analysts estimates of just only 7 cents, according to the data compiled and reported by LSEG. The U.S. carrier reported a net income of $599 million US dollars, or a 91 cents per share for quarter ended June 30, compared with $717 million US dollars, or $1.01 USD dollar per share, just a year earlier. It's total operating revenue marginally rose to about $14.4 billion US dollars.

Canada’s economy to see negative growth amid Trump tariffs: CFIB

Amid the Trump tariffs, the Canadian Federation of Independent Business ( CFIB ) expects to see a negative growth in Canada's economy as many businesses face low confidence driven by U.S. President Donald Trump's tariff war and its impact on supply chains with other countries.

The advocacy group, representing Canadian owners of small and mid size businesses, release a report Thursday, based on the responses from 719 CFIB members.

“What we found out with this new quarterly update is that the economy, yes, is going to contract in the second and third quarter, according to our forecasting model,” Simon Gaudreault, CFIB’s chief economist and vice-president of research told BNNBloomberg.ca in a Thursday interview. “It is, however, a bit less of a dark picture than we might have expected at the beginning of the year, let’s say in early 2025 when we we were looking at the upcoming year and all of the talks about the trade war.”

Statistics Canada's consumer price index ( CPI ), which measures the inflation showed that it had slowed to 1.8% in the second quarter and is expected to rise slightly to 1.9% in the third quarter. The CFIB also states that the overall deceleration in prices was mainly driven by the falling energy costs and lower prices for travel services, while the increase in food and shelter costs provided some upward pressure.

The CFIB said gross domestic product ( GDP ) had fell by 0.8% in the second quarter and is expected to decline even further by another 0.8% in the the third quarter. It is said that the contraction reflects persistently low business confidence, driven by the trade tensions, and weakness in the manufacturing, particularly in the transportation, machinery, and oil and gas sectors.

Trade Tensions are causing high uncertainty as a group highlighted a Statistics Canada report that notes 48% of businesses experienced supply chain disruptions over the past three months, and 64% expect for the conditions to worsen.

The CFIB anticipates private investment will nosedive by 13.0% in the second quarter and drop even further by 6.9% in the third quarter. The national private sector job vacancy rate held steady at 2.8% in the second quarter, representing 397,000 unfilled position.

“A lot of businesses are currently hitting the pause button on their investment and hiring plans because of this great uncertainty,” said Gaudreault. “And of course, this is not good for the next little while. It means that we’re going to create some kind of, backlog, and we’re hoping to see the situation with the U.S. resolve and add at least some clarity brought back into the mix.”

The highest vacancy rates were in personal services and construction. On a yearly basis, information, arts and recreation ( -0.8% ), agriculture ( -0.8% ), personal services ( -0.6 ), and natural resources ( -0.6% ) saw the biggest drop in their vacancy rates. Manufacturing was the only sector reporting an increase ( +0.1% ). Retail sales slowed down in the second quarter, growing by 4.6%.

The CFIB said many businesses and organizations wanted to place orders ahead of the tariffs implementation, saying that growth is expected to moderate to increase by 2% in the third quarter and businesses are pivoting their practices to mitigate tariff impacts.

“You have to take into account the fact that even though some uncertainty remains, businesses are not just staying put there, sitting on both of their hands,” said Gaudreault. “Like their their job definition as an entrepreneur and as people in the private sector is to find solutions to the different challenges. I’m not saying that they found solutions to everything, but in the past few months, a lot of them have pivoted, have used their creativity or have adapted, and that, to a certain extent, can mitigate some of the negative impacts. So that may explain why, also, we are not seeing very bad numbers like we were maybe expecting earlier this year. Yes, there’s the fact that a lot of businesses have stockpiled and purchased in advance, early in the year, so showing more economic strength maybe than is sustainable in the long term.”

The organization said wholesale and manufacturing businesses reported the highest impact from the Canada-U.S. border delays, at 42% and 40% respectively. A proportion of the 39% of firms in personal services also reported disruptions, largely due to the delays affecting repair shops for vehicles, household and commercial goods. Significant shares of businesses operating in retail ( 36% ) and construction ( 35% ) reported border delays, showing that the supply chain bottlenecks after both distribution networks and project based work.

In contrast, service oriented sectors reported fewer disruptions as they rely less on the cross-border logistics. Facing growth tariff-related pressures at the border, the CFIB said 62% of small and medium enterprises have shifted towards the domestic market. Nonetheless, supply chain disruptions remain widespread, revealing that the problem is not limited to just international trade, but also affecting the internal logistics as well.

Those are some news that I found interesting today throughout Bing and Google. I hope over time I should be able to adapt and learn to make these more shorter, summarized and hopefully, more informative. Thank you for reading.