Canada just got a commodity-driven economic surprise. The country’s data hub, Statistics Canada, released numbers Tuesday that said the country exported C$638 million ($432 million) more in goods and services than it imported in June, far more than the C$2 billion trade deficit that Bloomberg reports economists had been expecting. The products driving the increase? Oil and gold.

Canada exported so much gold and oil in June that it got a surprise trade surplus

The OPEC+ group boosted its oil production in July and increased the overproduction above its implied target as the three producers that have pledged to compensate for exceeding quotas continued to pump well above their respective ceilings, according to the Platts OPEC+ survey from S&P Global Commodity Insights. OPEC+ saw...

OPEC+ Boosts Oil Production Despite Vows to Cut

Major U.S. oil producers, including ExxonMobil and Chevron, have reported record production levels from the Permian Basin and raised their full-year output guidance. Independent oil companies like EOG Resources, Coterra Energy, and Matador Resources have also increased production forecasts due to improved drilling efficiency and strong well performance. The surge...

U.S. Shale Production Could Surprise to the Upside

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

FXDailyReport.com

The USD/CAD pair faces pressure around 1.3730 during Tuesday’s New York session, with the potential to decline towards the key support level of 1.3700. This weakness comes in response to the soft Producer Price Index (PPI) report for July, released by the US Bureau of Labor Statistics (BLS), which has put the US Dollar (USD) under strain.

USD/CAD Vulnerable Near 1.3730 Amid Soft US PPI and Rising Oil Prices

Markets Insider

Investors betting on a second Trump presidency expect an easier regulatory environment and more corporate M&A activity.

Stock market today: Dow closes at a record as market bets on Trump after assassination attempt

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

Louisiana State

California State

Local officials and advocates in California are divided over Gov. Gavin Newsom's recent executive order requiring state agencies to remove homeless encampments on public property, leaving the homeless community caught in the middle and uncertain where they will go. In June, the Supreme Court ruled that punishing homeless people for...

'It’s mayhem and craziness': Californians react to Gavin Newsom’s order to remove homeless encampments

A "record-breaking backlog" of pending actions has led to an estimated $1.1 billion in improper beneficiary payments, according to a new report. Experts say the Social Security Administration needs more funding in its budget to properly address a "customer service crisis." The Social Security Administration faces a "record-breaking backlog" of...

'Record-breaking backlog' leads to $1.1 billion in improper Social Security payments, report finds

The foods in your daily diet play a major role in how healthy you are and how long a life you live. In fact, one of the key practices of people living in blue zones is eating a diet of mostly plant-based foods of fruits, vegetables and nuts. In past...

100-year-olds share what they always eat—and what they never do: 'I don't drink soda at all'

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you have a long-term savings goal, like saving up for a down payment on...

Best 5-year CD rates of August 2024 (up to 4.75% APY)

Stocks rallied Tuesday, scaling back closer to the record levels seen last month before a sharp pullback, driven by this week's first batch of key U.S. inflation data. The producer price index — a measure of wholesale prices — increased 0.1% last month. Economists expected the reading to show a monthly gain of 0.2% in July, in line with the previous month's reading, according to Dow Jones consensus estimates.

Dow jumps 300 points as first of two major inflation reports this week comes in light: Live updates

While U.S. crude oil production breaks record highs, the number of upstream and oilfield services jobs is flatlining and has started to fall, indicating that America’s oil and gas producers are now “doing more with less” as efficiency and automation in the shale patch are rising. The...

U.S. Oil Industry Pumps Record Volumes with Fewer Workers

North Carolina State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Town Talks

In North Carolina, the divorce process can be challenging, particularly due to the mandatory one-year separation requirement. This law mandates that couples must live separately for at least a year before filing for divorce, a rule that can be frustrating for many.

You might be granted a divorce in North Carolina if your spouse is ‘incurably insane.’ Here’s how

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

Business Times

Oil prices continued their upward trajectory on Monday, marking the fifth consecutive session of gains as the market reacted to easing U.S. recession fears and escalating geopolitical tensions in the Middle East. The ongoing conflict, particularly the brewing tension between Iran and Israel, has become a significant driver of market sentiment, with traders closely monitoring potential repercussions.

Oil Prices Surge Amid Mideast Tensions and Positive U.S. Economic Data

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

NewsNinja

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by two to 588 in the week to August 9.

US Drilling Firms Grow Oil and Gas Rig Count

New York City, NY

Wisconsin State

Angry Ben

Good afternoon everyone. We continue to have beautiful conditions in the Northeast courtesy of strong high pressure keeping a stationary front well to our south. That front will eventually make it back as a warm front, then a sweeping cold front will help protect the Northeast and East Coast as a whole from what-will-be Hurricane Ernesto.

Severe Weather May Spawn Derecho-Type System Across Parts of Iowa, Missouri, Illinois, and Wisconsin

NewsBreak

U.S. crude oil falls 2% as slowing global demand overshadows Iran-Israel tensions

The U.S. crude oil benchmark fell as an expected attack by Iran on Israel has not materialized. Concerns about the strength of global oil demand are...

U.S. crude oil falls 2% as slowing global demand overshadows Iran-Israel tensions

Comments / 0