Local Business
Saturday, July 18, 2026 · Presque Isle County
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.
Saturday, July 18, 2026
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
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