Local Business

08/22/2026 · Moore County

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

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Business

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

Business

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

Business

Twenty-Five States Challenge Trump Administration Tariffs in Court

A group of 25 U.S. states has initiated legal action against the Trump administration regarding global tariffs. The federal government imposed these tariffs based on claims that 60 U.S. trading partners have not addressed forced labor practices.

08/21/2026

Business

SK Group and NVIDIA Expand AI Partnership, Including Memory and Data Centers

SK Group and NVIDIA have announced an expanded strategic partnership focusing on artificial intelligence. The initiative includes SK Telecom's AI Factory, with plans for up to 2 gigawatts of power, and SK hynix's role as a long-term AI memory supplier.

08/21/2026

Business