(Reuters) – Oil prices were stable on Thursday with the Brent benchmark holding above $85 a barrel, as investors balanced a bleaker demand growth view from the International Energy Agency (IEA) with a indications of growing U.S. consumption. Brent futures were up by 21 cents, or 0.25% to $85.29...

Oil Steadies as Investors Weigh Mixed Demand Signals

Roth MKM trimmed its oil prices forecast for 2024 amid heightened geopolitical risks and declining global oil inventories this summer. The investment bank’s 2024 Crude Oil WTI Futures oil price estimate now sits at $80 per barrel, down from the previous forecast of $82. Brent oil price projection was also reduced by 3%, from $86.50 per barrel to $84 per barrel, due to a slightly weaker-than-expected first half of 2024 and the anticipated return of some OPEC+ barrels later in the year.

Roth MKM cuts its oil prices forecast for 2024

West Texas oil prices climbed about 2.4% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of slower economic growth in China. Brent futures rose $1.34, or 1.6%, to $85.06 a barrel, while U.S. West Texas Intermediate crude rose $1.94,...

WTI gains more than 2% on big U.S. storage withdrawal, weaker dollar

Investing.com-- Oil prices rose Wednesday, rebounded from recent lows as signs of tighter U.S. supplies helped soothe some fears over worsening demand in the rest of the globe. At 09:25 ET (13:25 GMT), Brent oil futures rose 1.3% to $80.78 a barrel, while West Texas Intermediate crude futures climbed 1.1%...

Oil prices rise after US inventory draw soothes demand fears

Reuters

HOUSTON (Reuters) -Oil prices settled more than 1% lower on Tuesday, the third straight day of losses, on worries of a slowing Chinese economy crimping demand, though declines were stemmed by a growing consensus the U.S. Federal Reserve could begin cutting its key interest rate as soon as September.

Oil prices decline over 1% on Chinese demand jitters

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

New York Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. 

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Stock market could drop 5% or more before end of 2024: Wall Street analyst warns

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending...

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

On episode 735 of WHAT THE TRUCK?!? Dooner is talking to Travelers Rehman Kahn about how cargo thieves are using AI to steal your freight. We’ll learn what they’re doing and how you can protect yourself. Is the 2019 freight market a blueprint for the rest of 2024?...

AI is changing how cargo thieves operate; will the freight market mirror 2019? | WHAT THE TRUCK?!?

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

North Carolina State

Fayetteville, NC

Town Talks

Delta Apparel Closes Multiple Locations, Laying Off More Than 100 Workers. Delta Apparel, an apparel retail chain has filed for Chapter 11 bankruptcy protection and is seeking a new owner to stabilize its operations. This move has resulted in the filing of WARN notices with the North Carolina Department of Commerce, indicating potential mass layoffs across four locations in three counties by the end of August.

Apparel Company Files for Bankruptcy, Closing Locations & Laying Off 100+ Workers in North Carolina

NEW YORK (Reuters) -Possible U.S. trade curbs on chip equipment weighed on tech stocks in global equity indexes on Wednesday, while Treasury yields and the dollar eased as top Federal Reserve officials indicating they were getting closer to cutting interest rates.

Trade fears hamper tech stocks, dollar falls amid rate cut talk

The Motley Fool

If you are looking for stocks that have fallen out of favor on Wall Street, then consider Stanley Black & Decker and Nucor today.

2 Magnificent Stocks to Buy That Are Near 52-Week Lows

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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?

Harman Cheema, president and CEO of Cheema Freightlines LLC, predicts the trucking industry will see more consolidation and fewer new entrants, and will draw more attention from “serious truckers.”. Cheema was the keynote speaker at FreightWaves’ Enterprise Fleet Summit virtual event on Wednesday. He was joined by FreightWaves staff...

Cheema Freightlines CEO sees industry becoming more about ‘serious truckers’

Venice, FL

Ryder System announced Monday it will acquire Pit Stop Fleet Service for an undisclosed sum. The Miami-based fleet management and supply chain services company said the deal will boost its growing mobile repair business, Torque by Ryder. Founded in 1997, Venice, Florida-based Pit Stop provides mobile fleet services in eight...

Ryder acquires mobile fleet maintenance provider Pit Stop

U.S. stocks rose sharply Tuesday, as the Dow Jones Industrial Average and S&P 500 both finished at record highs. The Dow, which closed at its first record high in two months on Monday, gained 1.9%, or 743 points, while the S&P 500 tacked on 0.6%. The Nasdaq Composite, ended 0.2% higher thanks to a late-day recovery, as tech stocks lagged the broader market's move higher.

Markets News, July 16, 2024: Dow Adds More Than 700 Points to Close at Record; S&P 500 Also Hits New High

Pennsylvania State

Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Washington State

Mill Creek, WA

Timothy A Gruver

The Washington State Department of Labor & Industries reported on Wednesday that it fined four roofing contractors more than a million dollars for letting their workers perform on top of homes without fall protection gear, among other safety violations.

Roofing Companies Fined $1.27M for Endangering Workers

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

NewsBreak

Diesel prices fall after 4-week rise

After four weeks of increases, the price used for most fuel surcharges fell in the latest posting by the Department of Energy/Energy Information Administration. The average...

Diesel prices fall after 4-week rise

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