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☆ Britain's royal family is a mess, and things are about to get worse
▼ + stars: | 2024-03-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +10 min

But for Britain's royal family, that may be the least of its problems. Meanwhile, Prince Andrew is back in the limelight and Prince Harry's relationship with his brother remains uncertain. AdvertisementAnd things are likely to get worse unless a drastic change is made, according to Royston and Kristen Meinzer, a royal expert and podcast host. Gabriella — second cousin to King Charles — and Kingston tied the knot at St. George's Chapel in Windsor. Prince Andrew and Sarah Ferguson are photographed with members of the royal family before the Thanksgiving Service for King Constantine.

Persons: —, Kate Middleton, Princess of Wales, Prince Andrew, Prince Harry's, Jack Royston, Kristen Meinzer, Charles, Kate, Greece's King Constantine, Sarah Ferguson, Duchess, York, King Charles, weren't, Queen Camilla, Max Mumby, Rishi Sunak, Sunak, Charles III, Jonathan Brady, Harry, Meghan, Royston, Gabriella's, Thomas Kingston, Gabriella —, King Charles —, George's, Karwai Tang, Middleton, hasn't, Meinzer, hyperemesis, Prince William, Prince Louis, Chris Jackson, Kate's, haven't, William —, Andrew, King Constantine of Greece, King Constantine, Andrew Matthews, William, Ferguson, Victoria, Prince, Prince William's, Camilla, Buckingham Organizations: Service, Business, British, BBC, GMA, Kingston, Kensington Palace, Telegraph, Royal, Daily Mail, Netflix Locations: Royston, Buckingham, St, Windsor ., Kensington, Lindo

☆ Kate, Princess of Wales: Why the royals have become the center of conspiracy theories
▼ + stars: | 2024-03-01 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +5 min

Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. William, a source told CNN, had called the Greek royal family to let them know of his last-minute change of plans. Many saw the prince’s recent return to royal duties as a signal that the prognosis in the Wales household was improving quickly. If the role of monarchy is presence, continuity and unity, it was a stark visual seeing the royal family enter the chapel without several key senior faces among them. It’s worth emphasizing that the royal source told CNN that Kate “continues to be doing well” in her recovery.

Persons: Prince William, William’s, King Constantine II of, George’s, Prince, Wales, Queen Elizabeth II, King Charles III, Catherine , Princess, Kate, Thomas Kingston, Lady Gabriella, Gabriella Kingston, Thomas, Alexandra Diez de Rivera, William, Kate “, Princess, Queen Camilla, Princess Anne, Timothy Laurence, Richard, Duke of Gloucester, King Constantine II of Greece, Jonathan Brady, William wasn’t, It’s, we’re Organizations: CNN’s Royal, London CNN, CNN, Windsor Castle, Adelaide Locations: London, King Constantine II of Greece, St, Windsor, Buckingham, Wales, Kensington, Netflix’s “

☆ Thomas Kingston, son-in-law of Prince Michael of Kent, dead at 45
▼ + stars: | 2024-02-28 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +2 min

London CNN —Thomas Kingston, the financier husband of Lady Gabriella Kingston, has died suddenly at the age of 45, Buckingham Palace announced Tuesday. Kingston married into Britain’s most famous family in 2019, tying the knot with Lady Gabriella in a lavish ceremony at St. George’s Chapel at Windsor Castle. Lady Gabriella, who is the King’s second cousin, is not a working member of the royal family. Her parents, Prince and Princess Michael of Kent, had attended a memorial service for the late King Constantine II of Greece with other members of the British royal family earlier Tuesday, before the announcement of Kingston’s death. However, it is understood that the Prince of Wales’ absence was not connected to the news of Kingston’s death.

Persons: London CNN — Thomas Kingston, Lady Gabriella Kingston, Kingston, Lady Gabriella, George’s, Prince, Princess Michael of Kent, ”, ” Buckingham, King Charles III, Queen Camilla, Gabriella, King Constantine II of, Constantine, Lady Gabriella’s, Prince William, Wales Organizations: London CNN, Buckingham, CNN, CNN’s Royal, UK’s, Media Locations: St, Windsor, ”, Kingston, Gloucestershire, King Constantine II of Greece

☆ US new vehicle sales to rise in November on strong demand - report
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Carlos Barria/File Photo Acquire Licensing RightsNov 22 (Reuters) - New vehicle sales in the United States are expected to rise in November, a report from industry consultants showed on Wednesday, as demand for the latest models remains strong and inventories improve. U.S. new vehicle sales, including retail and non-retail transactions, are estimated to reach 1,236,000 units in November, a 10.2% jump from a year earlier, according to the joint forecast report by J.D. "Sales growth is being enabled by improving vehicle availability," said Thomas King, president of the data and analytics division at J.D. Inventory pile-up, however, led to a 1.9% year-on-year decline in transaction prices with an average price of new retail vehicles at $45,332. Power and GlobalData have also raised the annual forecast for global light-vehicle sales to 89.3 million units, up 10% from last year, on strength in China demand.

Persons: Carlos Barria, J.D ., Thomas King, J.D, Jeff Schuster, Ananta Agarwal, Shweta Agarwal Organizations: REUTERS, J.D, Thomson Locations: Port of Richmond, San Francisco , California, United States, ., China, Bengaluru

☆ Economists think odds of a recession in the next year have fallen below 50%. This chart shows how consensus has changed over 18 months.
▼ + stars: | 2023-10-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Goldman Sachs' 12-month recession probability is hovering at 15%, about the "historical unconditional average." A WSJ survey showed the consensus probability of a downturn in the next year dipped below 50% for the first time since mid-2022. Here's how recession expectations have changed over the last 18 months. The consensus among Wall Street economists has shifted again, tilting further in favor of the no recession camp, at least in the near to medium-term. AdvertisementAdvertisement"That model implies larger effects of monetary policy and faster policy transmission than other empirical models," the economists explained in September.

Persons: Goldman Sachs, —, That's, Goldman, Stefania D'Amico, Thomas King Organizations: Service, Street, Journal’s, Economic, Goldman Sachs Investment, Chicago, Consumer, Index

☆ The Fed's own economists now expect a Goldilocks scenario: No recession, low inflation, and positive growth
▼ + stars: | 2023-09-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Economists from the Federal Reserve Bank of Chicago predict inflation will cool without a recession. "That model implies larger effects of monetary policy and faster policy transmission than other empirical models," the economists said. So far, based on the analysis, tighter policy has resulted in 5.4 percentage points in the level of real GDP and 7.1 percentage points in CPI. That represents about 65% and 75% of the total tightening effects on the levels of real GDP and CPI, respectively, that will occur, according to the model. Policy has reduced total hours worked by about 4 percentage points, or about 40% of the total effect that is ultimately projected.

Persons: Stefania D'Amico, Thomas King, D'Amico, King, Henry Blodget Organizations: Federal Reserve Bank of Chicago, Service, Consumer, Index, CPI Locations: Wall, Silicon

☆ Cars leased in 2020 are worth an average $4,000 more than expected. These models have fared the best
▼ + stars: | 2023-02-24 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +2 min

Newsday Llc | Newsday | Getty Images3.3 million cars were leased in 2020An estimated 3.3 million leases were originated in 2020, according to Edmunds. "February 2023 trade-in equity is still more than double the pre-pandemic level," said Thomas King, president of the data and analytics division at J.D. Leased models that have the most extra valueAmong cars leased in 2020, the Mercedes-Benz GLS-Class has the highest dollar difference between current trade-in value ($62,257) and its originally estimated residual value ($50,942). The Toyota Sienna has a trade-in value ($30,207) that's $8,741 (or 41%) higher than the $21,465 residual value. If you want to try capitalizing on the positive equity as a trade-in or for cash, start by finding what your vehicle is worth.

The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles, according to Cox Automotive data provided to Reuters. Inventory levels are over 100 days’ supply for rival Stellantis NV's (STLAM.MI) Ram half-ton and heavy-duty pickups. Stellantis said in a statement it had no downtime planned at any of its North American plants, but constantly reviewed its inventory levels and would make production adjustments as needed. February sales growth was led by a 54% increase in sales to fleet customers, Power and LMC said. Especially for trucks," said Ohio dealer Rhett Ricart, whose Ricart Automotive Group sells Ford and GM trucks at different stores.

☆ The Federal Reserve is likely to hike interest rates again. What that means for you
▼ + stars: | 2023-01-30 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

What the Fed's rate hike means for youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. As the federal funds rate rises, the prime rate does, too, and credit card rates follow suit. After rising at the steepest annual pace ever, the average credit card rate is now 19.9%, on average — an all-time high. Student loans Federal student loan rates are also fixed, so most borrowers won't be impacted immediately by a rate hike. Savings accounts On the upside, the interest rates on some savings accounts are higher after a run of rate hikes.

☆ Share of new car buyers with a monthly payment of more than $1,000 hits record high
▼ + stars: | 2023-01-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. At the same time, the interest rate on new car loans reached 6.5%, up from 4.1% a year earlier, Edmunds data shows. As the Federal Reserve continues to raise interest rates to combat persisting inflation, auto loan rates could tick even higher, although consumers with higher credit scores may be able to secure better loan terms. Now, more consumers face monthly payments that they likely cannot afford, according to Ivan Drury, Edmunds' director of insights. Car buyers are hit with "shock and awe" as high prices and rising rates cause monthly payments to balloon, he said.

☆ U.S. new vehicle sales to fall in December as high prices deter buyers - report
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - U.S. total new vehicle retail sales are expected to decline in December as high vehicle prices and rising borrowing costs pushed consumers to cut back spending, a report from industry consultants J.D. The average monthly payment for a new vehicle loan in December was $718, up $47 from a year ago, per the report. Retail sales of new vehicles this month are expected to touch over 1.04 million units, down 2.8% from last year. The consultants expect retail sales in the United States to increase next year, with improving inventory levels. Globally, vehicle sales are projected to end at 80.7 million units this year, a 1% contraction from 2021.

☆ New car prices hit an all-time high as dealers hold onto their upper hand
▼ + stars: | 2022-12-21 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Dealer lots are filling up again, but still not fast enough to meet demand. Power, which also noted that car dealer lots are slowly filling up again Power. In total, US car buyers are expected to spend $48.2 billion on new vehicles this month. Total vehicle sales in December are expected to hit 1.2 million units, up 5.3% from the same month last year. For 2022, the US auto industry is projected to sell 13.68 million vehicles, an 8.4% decrease from 2021 when adjusted for selling days.

☆ U.S. auto sales to rise in October as supply chains improve - report
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

Oct 26 (Reuters) - U.S. auto retail sales are expected to rise in October as supply chain snags ease, making more vehicles available at dealerships amid higher demand, an industry report from consultants J.D. Customers have been unaffected by higher vehicle prices and a lack of incentives or discounts from automakers, who have been taking advantage of strong demand and tight inventory. Retail sales of new vehicles are expected to rise 12.1% to 1,008,200 units in October, compared with a year earlier, the report showed. October seasonally adjusted annualized rate for total new vehicle sales is expected to be 15.0 million units, up 1.8 million units from 2021, the J.D. Total new-vehicle sales in October, including retail and non-retail transactions, are projected to reach 1,157,900 units, a 15.2% increase from October 2021, according to the report.

☆ U.S. new vehicle sales to increase on strong demand - report
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - U.S. new vehicle sales are set to rise in September as consumers spent more money on new vehicles than any previous September on record, an industry report from consultants J.D. Customers have been unaffected by higher vehicle prices and lack of incentives or discounts from automakers, who have been taking advantage of strong demand and tight inventory. Register now for FREE unlimited access to Reuters.com RegisterRetail sales of new vehicles this month are expected to reach 958,948 units, a 5.4% increase from September 2021. September seasonally adjusted annualized rate for total new vehicle sales is expected to be 13.6 million units, up 1.5 million units from 2021, the report showed. New-vehicle retail sales for the third quarter are projected to reach 2,900,300 units, a 4.2% decrease from 2021 when adjusted for selling days.

☆ U.S. auto sales to fall in April on tight inventories, rising rates - data (April 27)
▼ + stars: | 2022-04-29 | by ( ) www.reuters.com time to read: +2 min

April 27 (Reuters) - U.S. new vehicle sales is expected to fall in April, as low inventories and rising interest rates boost prices amid high demand, consultants J.D. U.S. retail sales of new vehicles in April could fall 23.8% to 1.1 million units from a year earlier, according to a report released by the consultants on Wednesday. read moreResearch firm Cox Automotive also forecasts April sales volume to fall 1.7% from March on tight inventories and adds that conditions would likely not improve in 2022. They also added the global forecast for light vehicle sales has now slipped to 81.7 million units in 2022, down 900,000 units from last month. Total new-vehicle sales for April 2022, including retail and non-retail transactions, are projected to reach 1.2 million units, a 21.5% decrease from last year.

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