Local Business
Monday, July 20, 2026 · Kidder & Burleigh Region
Oil Prices Return to Pre-Conflict Levels as Middle East Tensions Ease
Crude oil prices have fallen back to their pre-conflict levels after a spike in February disrupted energy production and transportation across the Middle East. Analysts attribute the decline to resumed operations in the region.
U.S. Declines USMCA Renewal, Triggering Expiration Clock
The United States has informed Canada and Mexico it will not renew the USMCA trade agreement. This action starts a 10-year countdown to the pact's expiration. Negotiations to establish new trade terms are now underway.
Monday, July 20, 2026
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.
Monday, July 20, 2026
South Korean Tech Companies Plan $518 Billion Chip Investment
South Korea's largest technology companies announced plans to invest $518 billion in new semiconductor manufacturing facilities. Government officials said the nation has sufficient power and water resources to support the plants.
Monday, July 20, 2026
Tech Stocks Slide as Investors Question AI Investment Returns
Investors have begun selling AI-related stocks amid growing uncertainty about whether the billions spent on the technology will generate sufficient returns. The Nasdaq has experienced significant volatility as market participants reassess valuations.
Monday, July 20, 2026