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Oil closes near $50 as US stocks claw back half ground lost after “Brexit” vote

oil price, Brexit

U.S. stocks were on track to close sharply higher in late-afternoon trading Wednesday, echoing strong gains in global markets as investor worries about Britain’s vote to leave the European Union eased. Traders also got encouraging data on U.S. consumer spending. Energy companies led the rally as the price of crude oil closed higher. Health care, industrials and financials stocks were ...

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Destination: North Dakota

Bakken tour, CTD

Comprehensive new tour takes travelers off-the-beaten-path throughout the Roughrider State and into oil country Would-be travelers who assume North Dakota is a “drive-through” state may need to think again once tour operator Country Travel DISCOVERIES (CTD) shows them the state’s wonders, including a couple of days in oil country. The Wisconsin-based company specializing in guided tours with a rural emphasis ...

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North Dakota 1st quarter taxable sales drop 33 percent

BISMARCK, N.D. (AP) — North Dakota’s Tax Commissioner says the state is returning to a “pre-oil boom economy” due to slumping crude and farm commodity prices. Ryan Rauschenberger (RAW’-shun-bur-gur) says the state recorded $3.8 billion in taxable sales and purchases during January, February and March. That’s down 33 percent from a record $5.8 billion for the same period a year ...

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Maryland’s minimum wage to rise 50 cents to $8.75

ANNAPOLIS, Md. (AP) — Maryland’s minimum wage and the state’s gas tax are going up. Here’s a look at some new laws that take effect Friday: MINIMUM WAGE Maryland’s minimum wage will rise from $8.25 to $8.75. It’s the latest bump scheduled to take effect since lawmakers in 2014 approved increases over several years from $7.25. It is scheduled to ...

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Crude, energy stocks fall again

wall street, financial markets, oil price

U.S. stocks indexes headed sharply lower in afternoon trading Monday as investors grappled with the fallout of Britain’s vote to leave the European Union. European stock markets extended their losses from Friday. The British pound, which last week plunged to its lowest level since 1985, continued to fall as traders expected the British economy would take a hit. On Wall ...

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Netanyahu: Deal with Turkey promotes ‘stability’ in Mideast

Turkey, Italy deal

ROME (AP) — Israel and Turkey on Monday announced a reconciliation deal to end a bitter six-year rift between the Mideast powers. In Rome, Israeli Prime Minister Benjamin Netanyahu said the deal would help bring “stability” to the turbulent Middle East. His Turkish counterpart, Binali Yildirim, made a simultaneous announcement in Ankara. Relations between the once-close allies imploded six years ...

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VW to pay near $10.2B to settle emissions claims

volkswagen, VW

DETROIT (AP) — Volkswagen will spend about $10.2 billion to settle an emissions cheating scandal in the U.S. that has turned into one of the largest cases of corporate deception in the nation’s history. Two people briefed on settlement talks said most of the money would go to compensate 482,000 owners of cars with 2-liter diesel engines that were programmed ...

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Stocks crash as UK vote to quit EU shocks investors

Brexit, stocks crash, Britain

LONDON (AP) — Stock markets crashed, oil prices tumbled and the pound fell to a 31-year low on Friday as Britain’s unprecedented vote to leave the European Union shocked investors and dragged the region, the world’s largest economic bloc, into a new era of uncertainty. Investors rushed to dump European shares as soon as markets opened, following earlier drops in ...

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Obama immigration plan blocked by 4-4 tie at Supreme Court

Obama immigration

WASHINGTON (AP) — A tie vote by the Supreme Court is blocking President Barack Obama’s immigration plan that sought to shield millions living in the U.S. illegally from deportation. The justices’ one-sentence opinion on Thursday effectively kills the plan for the rest of Obama’s presidency. The outcome underscores that the direction of U.S. immigration policy will be determined in large ...

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