AP Business SummaryBrief at 10:10 a.m. EST

Tesla reports its first annual sales decline in nearly a decade, signaling challenges in the electric vehicle market as global demand slows. Meanwhile, the U.S. stock market rebounds as 2025 begins, Puerto Rico swears in a new governor amid significant blackouts, and U.S. unemployment claims drop to the lowest level since March.

AP News Summary at 10:17 a.m. EST

A devastating attack in New Orleans and an explosion in Las Vegas have marked a tumultuous start to 2025, leaving communities searching for answers. Amid these tragedies, the nation is also witnessing political struggles, economic shifts, and international tensions that are poised to shape the year ahead.