August Nymex natural gas (NGQ24) on Wednesday closed down by -0.153 (-6.99%). Aug nat-gas prices Wednesday plummeted to a 2-1/2 month low and closed sharply lower. A glut of US nat-ga supplies continues to undercut prices, with nat-gas inventories +18.7% above their 5-year seasonal average as of July 5. Also, an outage at the Freeport liquified natural gas terminal has reduced US gas exports and boosted already bloated inventories. The Freeport LNG terminal slowly began to restart after Hurricane Beryl damaged part of the plant. The Freeport LNG plant is one of the largest in the US and can liquefy as much as 2% of US daily gas production.

Nat-Gas Prices Plummet on a US Supply Glut

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 4.9 million barrels from the week ending July 5 to the week ending July 12, according to the U.S. Energy Information Administration’s (EIA) latest weekly petroleum status report. Crude oil stocks in the U.S.,...

USA Crude Oil Inventories Drop by Nearly 5MM Barrels WoW

Reuters

(Reuters) -The S&P 500 and the Nasdaq tumbled on Wednesday as plunging microchip shares, in the face of potential escalation of U.S. trade conflicts with China, exacerbated the ongoing rotation out of megacap tech-related stocks.

Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally

Investors assessed Japan's inflation numbers for June for clues on the Bank of Japan's potential moves at its monetary policy meeting on July 30 and 31. The country's headline inflation was unchanged from May at 2.8%, while core inflation, which strips out prices of fresh food, accelerated to 2.6%, from 2.5% in May.

Asia-Pacific markets track Wall Street slide on tech sell-off; Japan headline inflation holds steady

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

President Joe Biden is under mounting pressure to withdraw his reelection bid in the wake of his damaging debate against Donald Trump. The campaign crisis has put a spotlight on Vice President Kamala Harris, who many pundits and experts view as the likeliest choice to replace him. Biden recently floated...

What happens next if Biden drops out of the presidential race

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

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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?

Montana State

Montana Democratic Sen. Jon Tester urged President Joe Biden to drop out of the 2024 election contest against former President Donald Trump. Biden faces mounting pressure by leading Democrats to step aside for a new nominee. The pressure on Biden stems from concerns that he could not only lose the...

Second Democratic senator urges Biden to drop out of election against Trump

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

California State

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NewsByJoshua

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

Kentucky State

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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

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

How do you instantly gain someone's trust? Whether it's a new friend, a colleague, or a romantic prospect, genuinely connecting and building strong bonds might seem daunting, but emotional intelligence is absolutely an ability that you can learn. I'm a Harvard-trained emotional intelligence researcher and the founder of Mind Brain...

Harvard-trained researcher: People with high emotional intelligence always do 3 things when talking to others

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

USA TODAY

Why is the Dow down today? Investors sold off tech stocks amid a broader mood of political angst.

Dow loses more than 500 points Thursday as stocks take a tumble

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

Last week's NATO summit which highlighted the threat and "systemic challenges" posed by Russia, China, North Korea and Iran. Geopolitical and defense experts say the West has to prepare itself to confront such adversaries. Former NATO chief George Robertson warned Tuesday that the U.K.'s armed forces must have the capacity...

The West must be ready to face the 'deadly quartet' of global adversaries, analysts warn

Donald Trump said he thinks Taiwan should pay the U.S. for defense claiming the country "doesn't give us anything." Trump appeared to link his comments to Taiwan's semiconductor industry which is one of the most advanced in the world saying it took "about 100%" of America's chip business. Trump's comments...

Trump says Taiwan should pay the U.S. for defense; shares of chip giant TSMC fall

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

NewsBreak

Oil drops on weak sentiment, set for weekly decline

Oil prices fell on Friday, setting up for a second weekly decline, as mixed economic signals weighed on investor sentiment and boosted the dollar. The U.S....

Oil drops on weak sentiment, set for weekly decline

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