Markets Insider

US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million barrels per day a year ago.

US oil production just hit a record high

Crude oil prices have rocketed past the $75 mark, causing a ripple effect across global markets as inflation rates soar. Experts warn that if these trends persist, the economic impact could be severe. Factors attributed to this decline include overseas markets’ slowing demand and OPEC’s apparent reluctance to increase production, coupled with uncertainty in the Middle East.

Crude oil prices soar, impacting global markets

Business Times

Oil prices began the week on a downward trajectory, with Brent crude holding below the $80 mark, as concerns over weakening demand from China, the world's largest oil importer, dampened market sentiment. By mid-morning in London, Brent crude futures had slipped 63 cents, or 0.8%, to $79.05 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 71 cents, or 0.9%, to $75.94 a barrel.

Oil Prices Slip Below $80 as China Demand Worries Weigh Heavily on Market

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Stock Region

U.S. Crude Oil Stockpiles Rise After Six Straight Declines: A Comprehensive Analysis. Disclaimer: The following article is a detailed, neutral analysis based on available data and insights. It is intended for informational purposes only and should not be construed as financial or investment advice.

U.S. Crude Oil Stockpiles Rise

Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks. Both benchmarks fell nearly 2% last Friday as investors...

Oil prices ease on China demand fears, focus on Mideast talks

CBS New York

Fear, long absent in financial markets as investors bet on a "soft landing" for the U.S. economy, is back in the air on Wall Street.Stocks tumbled Friday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected. Two hours into the session, the blue-chip Dow Jones Industrial Average was down 984 points, or 2.4%, to 39,415. The broader S&P 500 sank 2.5%, while the tech-heavy Nasdaq Composite lost nearly 3%, fueled by disappointing quarterly earnings from bellwethers such as Amazon and Intel. Market analyst Adam Crisafulli of Vital Knowledge...

Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring

Michigan State

Donald Trump's latest gaffe, mistakenly referring to Kamala Harris as "President," sparks a wave of criticism about his age and mental fitness as the 2024 election looms.

'Too Old' Donald Trump May Lose Elections After Calling Kamala Harris 'President' In Michigan: 'Take A Nap Grandpa'

As the Biden administration opens the door for an estimated 500,000 undocumented spouses of U.S. citizens to gain legal status without leaving the country, the new policy has sparked both hope and despair among immigrant families. For some, the program offers a long-awaited opportunity to normalize their status; for others, like Karen and Xavier Chavarria, it represents a missed chance that leaves them grappling with difficult choices.

Undocumented Spouses Face Tough Choices Despite Biden’s New Immigration Program

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

Cincinnati, OH

Kroger Co. has taken legal action against the Federal Trade Commission (FTC), seeking to block the regulator from using its in-house tribunal to review the grocery giant's proposed $25 billion merger with rival Albertsons. The lawsuit, filed in Cincinnati on Monday, challenges the constitutionality of the FTC's in-house review process, arguing that such a significant matter should be adjudicated in a federal court instead.

Kroger Sues FTC Over $25B Albertsons Merger, Challenges In-House Review Process

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

GOBankingRates

Is your dream vacation abroad about to get cheaper? Or is your international investment portfolio in for a wild ride? Buckle up, folks, because some major global currencies might be headed for a...

7 International Currencies Expected To Plummet in Value by the End of 2025

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

A recent study led by the University of Cambridge has unveiled compelling evidence that consuming processed and red meat significantly increases the risk of developing type 2 diabetes. According to the research, which is the largest of its kind, even a seemingly modest intake of just two slices of ham per day can raise the likelihood of developing type 2 diabetes by 15%. This finding underscores the potential health risks associated with dietary habits that include regular consumption of such meats.

Two Slices of Ham Daily Linked to 15% Spike in Diabetes Risk, Study Warns

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

Robert F. Kennedy Jr. is reportedly preparing to withdraw from the 2024 presidential race, with sources indicating that he may endorse former President Donald Trump. Multiple sources familiar with the situation have shared that Kennedy could make his decision public by the end of this week, potentially finalizing the move as early as Friday.

RFK Jr. Expected to Drop Out by the End of This Week, Eyes Trump Endorsement in Major Political Shift

South Carolina State

Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

The United States and China have taken a significant step towards enhancing global financial stability by signing a new agreement focused on cooperation during periods of financial stress. This landmark agreement, announced by the People's Bank of China (PBOC) on Monday, comes at a time when both countries are navigating complex economic challenges and heightened geopolitical tensions.

U.S. and China Forge Financial Stability Pact Amid Growing Economic Tensions

Illinois State

Tensions flared in Chicago on Tuesday night as a protest outside the Israeli Consulate turned violent, leading to the arrest of at least 55 individuals, according to Chicago Police Superintendent Larry Snelling. The clashes occurred just two miles from the United Center, where the Democratic National Convention (DNC) was underway, and have raised concerns about the safety of the city during the high-profile event.

Violence Erupts Outside Israeli Consulate During DNC, Over 55 Protesters Arrested in Chicago

Texas State

A federal judge in Texas has blocked the Biden administration's ban on noncompete agreements, a move that had been heralded as a major victory for workers' rights. The ruling, handed down by U.S. District Judge Ada Brown, halts the Federal Trade Commission (FTC) from implementing its nationwide prohibition on noncompete clauses, which was slated to take effect on September 4, 2024.

Federal Judge Blocks Biden Administration’s Ban on Noncompete Agreements, Citing Overreach

NewsBreak

Oil Prices Rebound as Traders Eye U.S. Stockpile Data Amid Middle East Tensions

Oil prices experienced a modest recovery on Wednesday, edging higher after several consecutive days of losses driven...

Oil Prices Rebound as Traders Eye U.S. Stockpile Data Amid Middle East Tensions

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