Business Insider

The US became Germany's top trading partner, ending an eight-year streak by China. The shift reflects competition over electric vehicles.

Trade between the US and Germany is growing. Concerns over China might be driving the shift.

Ben Barringer, global technology analyst at Quilter Cheviot, says China is having to build a semiconductor industry using more mature machines because of export restrictions barring access to the latest extreme ultraviolet (EUV) lithography machines.

China is having to build a semiconductor industry from old machines, analyst says

FXDailyReport.com

Crude oil futures soared in the middle of the trading week, fueled by a bullish US government storage report that highlighted strong demand. Oil prices have been waiting for the next catalyst to increase and solid drawdowns for four consecutive weeks could help sustain the momentum. August West Texas Intermediate...

Oil Prices Pop on Larger-Than-Expected US Crude Supply Drawdown

NEW YORK, July 12 (Reuters) – Oil futures prices settled slightly lower on Friday as investors weighed weaker U.S. consumer sentiment against mounting hopes for a Federal Reserve rate cut in September. Brent crude futures settled 37 cents lower to $85.03 a barrel. U.S. West Texas Intermediate crude futures...

Oil Prices Settle Down after Data Shows Weaker U.S. Consumer Sentiment

Beijing framed China's second-half growth positively but acknowledged "insufficient" domestic demand.

Chinese consumers aren't buying enough stuff, and it's taking a toll on the economy

This story is part of CNBC Make It's The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown. Jay Chaudhry never thought he'd run a business, amass a fortune...

65-year-old quit his job and emptied his life savings to start a business—now he's worth $11 billion

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Butler, PA

A U.S. Secret Service official said a Pennsylvania police SWAT team was in another building than the one whose roof was used Saturday by Thomas Crooks to shoot at former President Donald Trump. The new account contradicts a prior claim by Secret Service director Kimberly Cheatle that Crooks was on...

Trump shooting: Secret Service changes story on local SWAT team position

Pennsylvania State

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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

Business Times

Geopolitical tensions took center stage on Wall Street Wednesday after U.S. presidential candidate Donald Trump expressed reservations about defending Taiwan, sending ripples through the financial markets. The chipmaking sector bore the brunt of the fallout, with shares of major players tumbling and investors seeking refuge in safer assets like gold.

Trump's Taiwan Remarks Shake Wall Street; Chip Stocks Plunge Amid Geopolitical Concerns

Chicago, IL

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?

Alabama State

Birmingham, AL

When Jen Barnett and Brett Andrews started seriously thinking of leaving the U.S., they had a few parameters for their new home. The couple from Birmingham, Alabama, wanted to live in a place not too far from the beach, that had a strong middle class, where politics leaned progressive, and maybe most importantly, where people enjoyed a high quality of life for a lower cost of living.

American couple left the U.S. for Mexico and lives on $3,000 per month: What they say is cheaper

Laura Strickler, Didi Martinez, Chloe Atkins and Julia Ainsley. Two former officials who handled immigration issues for then-President Donald Trump say that a "whole of government" approach costing billions would be needed to mount the "largest deportation effort in American history" promised in the Republican convention platform if Trump is re-elected.

How would mass deportation of migrants under Trump actually work?

A U.K.-based organization supporting parents who are not giving their children smartphones was founded in February and has expanded internationally to the U.S., Canada, and more. The popularity of the movement is driven by research showing the link between mental health issues in children and smartphone and social media use.

A growing number of parents are refusing to give their children smartphones — and the movement is going global

The Social Security Administration is upgrading its "my Social Security" personal accounts online. The goal is to provide a simpler login experience and more secure online access, the agency said. But first, some users may have to log in and transition their current accounts. The Social Security Administration is updating...

Why the Social Security Administration may want you to update your personal account online

Indiana State

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Franklin, IN

NewsByJoshua

A wave of closures is hitting Pizza Hut, a pizza chain known for its iconic slanted-roof buildings, with 6,775 locations feeling the pinch in the tough restaurant industry landscape.

A well-known pizza chain with over 6K locations has begun closing some of its stores

Wisconsin State

Brookfield, WI

In a wave of unexpected newsunexpected newsunexpected newsunexpected news, Piggly Wiggly has shuttered its store in Brookfield, Wisconsin, leaving customers feeling as if they've lost a family member. The closure, originally set for June 15, was moved up abruptly, catching shoppers off guard as the aisles emptied out with a clearance sale offering 50% off all merchandise.

500-store Grocery Chain Closes Location, Shoppers Cry.

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

Hamid Moghadam, Prologis chairman and CEO, joins CNBC's 'The Exchange' to discuss how his company will benefit from AI, expectations for the next cycle, and more.

Data centers will be driver business for Prologis, says CEO Hamid Moghadam

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

NewsBreak

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

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...

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

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