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WTI Oil slumps on US-Iran deal hopes, Strait of Hormuz easing

West Texas Intermediate (WTI) US Oil tumbles on Wednesday, trading around $92.30 at the time of writing, down 7.62% on the day as investors rapidly unwind geopolitical risk premiums following reports of a potential agreement between Washington and Tehran.According to Axios, the United States (US) and Iran are close to…

Staten Island restaurateur balances growth and rising costs

As the U.S. approaches its 250th anniversary, small businesses remain a cornerstone of the American economy, employing nearly half of the private sector workforce and powering communities across the country. On Staten Island, that story is playing out in real time for restaurant owner Rob DeLuca.DeLuca didn’t initially plan on a career in hospitality. His father worked in construction and at one point told him to find a different path. That push led him to…

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Longtime Texas candy company to close all locations as costs soar

A Texas candy company with roots dating back more than a century is winding down most of its operations as rising costs and shrinking margins pressure the long-running family business. Lammes Candies, an Austin-based confectioner founded in the 1800s, said it will begin an “orderly wind-down of operations” after 141…

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