Vincent Clerc Calls Takeovers a ‘Key Strategic Element’. [Stay on top of transportation news: Get TTNews in your inbox.]. A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the CEO said. Maersk “absolutely” wants to pursue...

Maersk CEO Seeks New M&A Deals After Dropping Schenker Bid

U.S. inventories "are not at a level that is worrisome or that seems to indicate a significant slowdown right in the offing," Maersk CEO Vincent Clerc told CNBC, as fears of a recession in the world's largest economy mount. Chinese exports have helped drive overall container demand in the most...

No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says

(Bloomberg) – Some leading U.S. shale producers are planning to pump more oil this year than originally projected, a sign national supply could exceed the modest growth expectations many companies had pledged. EOG Resources Inc., one of the largest independent shale producers, Coterra Energy Inc. and Civitas Resources Inc....

Multiple U.S. shale producers boost 2024 oil and gas production forecasts following unexpected Permian success

The Hill

Former President Trump on Sunday night appeared to gloat in response to the global market sell-off and suggested his Democratic rivals were to blame. “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!” Trump wrote on his Truth Social platform late Sunday night.

Trump reacts to global stock-market sell-off: ‘I told you so!!!’

Auto suppliers are grappling to find workers and facing higher expenses, even as the Federal Reserve signals that labor supply and demand are in balance in the economy for the first time in years. “It’s certainly alleviated, but is it where we were pre-COVID on costs and availability, which weren’t...

Auto suppliers continue to grapple with worker shortage, high costs

(Reuters) -Uber beat Wall Street estimates for second-quarter revenue and core profit on Tuesday, helped by steady demand for its ride-sharing and food-delivery services, sending the company's shares up 5% before the bell. With more people returning to offices and stepping out of their homes, ride-sharing demand has got a...

Uber's second-quarter revenue beats on ride-sharing demand

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?

Asian markets made solid gains on Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates.

Asian markets make solid gains following global rout

Florida State

Akeena

Who would have thought that a chain known for its endless shrimp promotion could find itself in such a pickle? But here we are—Florida-based Red Lobster, which has been reeling from financial troubles, may have finally found a lifeline. After a surprising $11 million loss in the third quarter of 2023 due to that very shrimp deal, Red Lobster filed for bankruptcy in May 2024. And now, there’s a glimmer of hope on the horizon.

A Florida based chain that filed for bankruptcy has reportedly found a potential buyer

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

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Kiplinger

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Stock Market Today: Dow Spikes 742 Points After UnitedHealth Earnings

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

Reuters

BEIJING (Reuters) -China's exports grew at their slowest pace in three months in July, missing expectations and adding to concerns about the outlook for the vast manufacturing sector, while a rush to boost chip supplies before expected U.S. tech curbs bumped up imports.

China's imports resume growth but tamer exports raise outlook concerns

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

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

Bucks County Beacon

Conservatives have done the United States a huge favor by explaining in detail what they’ll try to do if Donald Trump is reelected. Project 2025 , a “presidential transition project” of the Heritage Foundation, helpfully lays out how a group of former Trump officials would like to transform the country into a right-wing dystopia where the rich thrive and the rest of us die aspiring to be rich.

Project 2025’s Plan to Gut Medicare and Medicaid

NEW YORK (Reuters) -Oil prices rose 3% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak crude demand in China persisted.

Oil gains 3% on falling US crude stockpiles, rebounds from multi-month lows

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

NewsBreak

Maersk sees container demand growing at a slower pace

COPENHAGEN (Reuters) -Shipping company Maersk on Wednesday said the global demand for container transport was expected to continue to grow in the next few quarters albeit...

Maersk sees container demand growing at a slower pace

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