Local Business
07/18/2026 · Bay Minette
Inflation gauge climbs to highest level in three years
A major inflation indicator reached its highest point since 2021, driven largely by increases in gasoline prices and the cost of computer chips. The gains reflect broader affordability pressures facing consumers.
Three barriers keep shipping out of Strait of Hormuz despite end to conflict
Shipping companies have not restored normal operations through the Strait of Hormuz following the conflict. Experts cite security risks, sea mines, and new toll requirements as the main obstacles to resuming full traffic.
07/18/2026
Bezos predicts AI will create jobs, not eliminate them
Jeff Bezos said artificial intelligence will generate employment opportunities instead of replacing workers, predicting the technology will eventually create a labor shortage. The Amazon founder, who also leads robotics and space companies, shared his view on how AI reshapes the workforce.
07/18/2026
Oil tankers transit Strait of Hormuz despite Iranian warnings
Multiple oil tankers passed through the Strait of Hormuz on Thursday, following a United Nations-recommended shipping corridor despite Iranian threats to intercept vessels deviating from approved paths.
07/18/2026
Federal Reserve to Tackle Inflation as Warsh Takes Chair
The Federal Reserve convenes to set interest rate policy as Kevin Warsh begins his tenure as chairman. Inflation remains a central concern for the central bank's decision.
07/18/2026
Motor oil prices surge amid Middle East tensions, with limited relief expected from peace talks
Motor oil costs have climbed sharply since conflict erupted, driven by disruptions in lubricant supplies rather than crude oil shortages. Industry analysts say even a resolution to the fighting may not reverse price increases.
07/18/2026
Tech Companies Moderate Hiring Plans While Prioritizing AI Skills
Global technology hiring plans declined by seven percentage points in the third quarter, according to the latest Experis Tech Talent Outlook. Amid the slowdown, employers are concentrating recruitment efforts on candidates with AI knowledge and strong communication skills.
07/18/2026
Bezos predicts AI will create jobs, not eliminate them
Jeff Bezos said artificial intelligence will generate employment opportunities instead of replacing workers, predicting the technology will eventually create a labor shortage. The Amazon founder, who also leads robotics and space companies, shared his view on how AI reshapes the workforce.
07/18/2026