Author: mercuryoregon.com

Global oil prices rose more than 4% Friday, pushing Brent crude above $88 a barrel. Brent futures gained $3.87, or 4.59%, to settle at $88.10. U.S. West Texas Intermediate increased $3.54, or 4.48%, to close at $82.49. Both benchmarks reached

Taiwan Semiconductor Manufacturing Co. will add $100 billion to its planned investment in Arizona. The new commitment raises TSMC’s total U.S. program to $265 billion. It includes four additional advanced semiconductor facilities. The expansion brings the planned manufacturing and packaging

WASHINGTON, D.C. / RankWire.AI / – U.S. consumer prices fell 0.4 percent in June, reversing a sharp monthly increase recorded in May. Annual inflation slowed to 3.5 percent from 4.2 percent one month earlier. The June decline marked the largest

A former PizzaExpress waiter received £5,469.04 after a tribunal upheld his racial harassment claim. Raymond Joseph said a colleague repeatedly called him an American and a “Yank” during a workplace dispute. The colleague also told him to leave and return

Hachette Book Group, Cengage Learning and Elsevier sued Google over its Gemini artificial intelligence models. Author Scott Turow and his company, S.C.R.I.B.E., joined the proposed class action filed July 10 in federal court in Manhattan. The plaintiffs accuse Google of

Wall Street closed lower on Monday as a sharp technology selloff and surging oil prices pulled major U.S. stock indexes down. The Nasdaq Composite dropped 1.55% to 25,873.18, ending a three-session winning streak. The S&P 500 fell 0.79% to 7,515.34.

Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose

Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold

Oil prices climbed more than 4% on Monday, extending an earlier surge that carried Brent crude to $78.68 a barrel. Brent later rose $3.10, or 4.08%, to $79.11 by 3:25 a.m. GMT. U.S. West Texas Intermediate gained $2.95, or 4.11%,

Philadelphia declared a disaster emergency after severe microburst storms damaged buildings, uprooted trees and disrupted electricity across the city. Mayor Cherelle Parker signed the order Sunday, one day after the storms struck West and South Philadelphia. The declaration directs city