Local Business
08/21/2026 · Cheboygan
Drought Conditions May Reduce UK Food Supplies, Farmers' Union Reports
A prolonged drought could lead to shortages of specific food items in the United Kingdom, according to a farming industry leader. The National Farmers' Union president urged the government to implement measures preventing extreme weather from affecting the nation's food security.
BP Reports $5.7 Billion Profit Amid Rising Oil Prices
BP announced a $5.7 billion profit, marking its highest quarterly earnings since 2022. The company attributed the result to elevated crude oil prices. Environmental groups expressed concern regarding the profits.
08/21/2026
Oil Prices Decline Following Strait of Hormuz Reopening Progress
Oil prices decreased on Monday after US officials indicated progress in talks to reopen the Strait of Hormuz. Secretary of State Marco Rubio and Treasury Secretary Scott Bessent confirmed the advancements, suggesting a potential resumption of shipments through the vital waterway.
08/21/2026
Egan-Jones Report Details AI's Influence on Industries and Investment Risk
Egan-Jones released an analysis detailing how artificial intelligence and autonomous technologies reshape industries. The report outlines challenges to existing business models and new considerations for institutional investors and risk management.
08/21/2026