Brazil's oil production has started to recover following a plunge earlier this year as many offshore platforms underwent planned repairs and maintenance work. After a 25% drop in Brazilian output at the beginning of the year, platforms are returning from maintenance and producing more oil. Earlier-than-expected starts to some projects are also set to help Brazil recover its oil output later this year, and production could exceed forecasts, some analysts say.

Brazil's Oil Surge Set to Challenge OPEC's Market Strategy

U.S. oil production has been flat for the past 10 months, but is still on track to set a new annual record in 2024. Rystad Energy predicts near-zero global oil supply growth this year, marking the first time since 2020. Despite flat growth, the U.S. will set a new oil...

U.S. to Set New Oil Production Record, But 2025 Looks Bleak

Business Times

Oil prices surged on Monday, driven by expectations of peak summer consumption and the continued impact of OPEC+ production cuts. Despite the upward trend, gains were tempered by increasing output from other producers and potential market volatility ahead of significant geopolitical events and elections.

Oil Prices Rise on Summer Demand and OPEC+ Cuts Despite Global Risks

Investing.com-- Oil prices steadied in Asian trade on Tuesday after running up sharply in recent sessions as traders bet on increased demand during the Independence Day holiday and potential supply risks from geopolitics and weather-related disruptions. Crude markets largely rose past jitters over mixed economic data from China and signs...

Oil prices steady amid summer demand hopes, supply risks

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Missouri State

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CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

SM Energy is reportedly in talks to acquire XCL Resources in a deal that has been valued at $3 billion. XCL Resources is a major player in Utah’s Uinta Basin, a shale formation that has not been getting as much attention as the Permian but is a contributor to the U.S. total in light, sweet shale crude.

Another Billion-Dollar U.S. Oil Acquisition Is on the Horizon

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

You generally need to demonstrate sufficient income to buy a house, but it is possible to buy a home with no income. You’ll need to prove to a lender that you can afford the mortgage payments in other ways, such as by paying with assets, or you’ll need to buy the house with all cash. Learn more about how to buy a house with no income.

How to Buy a House With No Income

The regional Stoxx 600 resumed last week's decline in morning deals. The index was trading 0.57% lower at 11 a.m. in London. Headline inflation in the euro area dipped to 2.5% in June, the European Union's statistics agency announced. However, the closely-watched figures for core and services inflation remained stubbornly high, holding at 2.9% and 4.1%.

European markets lower as euro zone core inflation holds steady

Regulators such as the SEC and Federal Reserve fined Silvergate Capital for misleading investors and breaking anti-money laundering rules. The company allegedly misled investors about the strength of its anti-money laundering program, which missed nearly $9 billion in suspicious transfers between FTX and its affiliated companies. After a bank run...

Regulators Fine Silvergate Bank For Misleading Investors in FTX-Linked Case

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

New York City, NY

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The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

Chicago Happenings

What is more summery than an icy, sweet frozen drink? If the heat wave is getting to you, try whipping up this simple frozen strawberry lemonade. All you need is your choice of lemonade and some frozen strawberries. You can use store-bought lemonade, make your own from scratch, or a powdered version. As for strawberries, frozen ones are the easiest choice. If you'd rather use fresh, add at least two cups of ice until you reach a nice, frozen consistency.

2-Ingredient Frozen Strawberry Lemonade: Beat the Heat!

FXDailyReport.com

The WTI crude oil price on Friday pulled back off the session highs of about $82.75 to trade at about $81.43 after the latest data. The oil price has completed a downward breakout from an ascending channel formation. The light crude oil price has now fallen to trade at the...

WTI Crude Oil Pulls Back Off Session Highs to Trade at $81.43

The average 30-year mortgage rate has moved up to 6.99%. Rates have wavered in upper-6% territory all of June, but ended the month with a one-week march upwards. Most other mortgage types also saw moderate increases across the week. National Averages of Lenders' Best Mortgage Rates. Loan Type New Purchase...

Mortgage Rates Inch Up for a Fifth Day

Earning the highest rates on savings and CDs usually requires going with smaller and medium-sized banks and credit unions. But a few big-name banks pay a respectable APY—if you shop around. An even more select group of large U.S. banks offer both a savings account rate in the 4-5%...

These Big Banks Pay the Best Savings Account Rates Right Now—With Good CDs, Too

Crude oil prices ticked down today, after the U.S. Energy Information Administration reported an inventory build of 3.6 million barrels for the week to June 21. This compared with a draw of 2.5 million barrels that pushed prices higher last week, as it was accompanied by inventory declines in gasoline and middle distillates as well, suggesting strengthening demand.

Oil Moves Lower on Surprise Inventory Build

Travel group AAA says this Independence Day holiday will be the busiest ever, projecting 70.9 million people will head 50 miles or more from home over the July 4th week. That would represent a 5% year-over-year rise and an 8% increase compared with the pre-pandemic levels of 2019. AAA says...

A Record 70.9M People Are Expected To Travel July 4th Week, AAA Forecasts

NEW YORK -- U.S. stocks drifted to a mixed finish Monday, and yields jumped in the bond market as elections continue to drive swings in financial markets worldwide. The S&P 500 rose 0.3% to kick off a shortened, four-day week that includes the Fourth of July holiday. The Dow Jones Industrial Average edged up by 50 points, or 0.1%, and the Nasdaq composite gained 0.8%.

Stock market today: Wall Street drifts, yields jump and Paris stocks soar as elections drive markets

NewsBreak

What To Watch in Oil Markets in the Second Half of the Year

A decision by OPEC+ to possibly boost production sooner than expected and diverging demand forecasts could hold oil prices down in the second half of the...

What To Watch in Oil Markets in the Second Half of the Year

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