Local Business
Saturday, July 18, 2026 · Desert Hot Springs
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.
Central Bank Keeps Rates Unchanged Amid Energy Price Concerns
Central bank officials held interest rates steady, citing elevated energy prices tied to Middle East developments. The decision marks a pause in rate cuts that commenced in December.
Saturday, July 18, 2026
Federal Reserve projects slower growth, stable inflation through 2026
The Federal Reserve released economic projections Tuesday showing officials expect U.S. growth to moderate while inflation remains above the central bank's 2% target. The forecasts reflect the Fed's assessment of an economy cooling from last year's pace.
Saturday, July 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.
Saturday, July 18, 2026
Federal Reserve Holds Rates Steady Under New Chairman Warsh
The Federal Reserve kept interest rates unchanged in Kevin Warsh's first major decision as chairman. Warsh released a brief statement on the decision alongside the central bank's assessment of current economic conditions.
Saturday, July 18, 2026