DIRS.INFO The most relevant business & tech news

☆ Rio Tinto in talks to buy lithium miner Arcadium, sources tell Reuters
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: +3 min

Jakob Stausholm, chief executive officer of Rio Tinto Ltd., during a Bloomberg Television interview in New York, US, on Thursday, Sept. 26, 2024. Rio Tinto has been holding talks to buy lithium miner Arcadium , three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal. An offer is expected to come in the near future, according to the second source. Arcadium and Rio Tinto declined to comment. Arcadium believes it is unlikely Rio will ever be able to develop the Serbian project, the second source said.

Persons: Jakob Stausholm, Arcadium, Rio Organizations: Rio Tinto Ltd, Bloomberg Television, Rio Tinto, Rio, Tesla, BMW, General Motors, U.S, Local Locations: Rio, New York, London, Philadelphia, Albemarle, SQM, Asia, Serbia, Belgrade, Serbian, Argentina

☆ How immigration reform will supercharge the labor market, reduce national debt by over $600 billion in the next 2 decades: Research Affiliates CIO
▼ + stars: | 2024-10-04 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Research Affiliates CIO Chris Brightman believes immigration reform is needed to boost the economy. One proposed policy is projected to energize the labor market and liquidate $0.6 trillion in debt. But to one chief investment officer, immigration policy isn't a matter of political debate — it's an economic nonnegotiable. A declining population brings with it a declining labor force. Immigration policy solutionsBrightman sees the need for more friendly immigration policies such as providing permanent residency to immigrants who graduate from US universities.

Persons: Chris Brightman, —, Brightman, they're Organizations: Research, Service, Social Security, Medicare, Immigrants, Penn Wharton Budget, Immigration Locations: Japan, Korea, Taiwan, Canada, New Zealand, Australia, outlays

☆ CNBC Daily Open: October’s gravity bringing stocks down
▼ + stars: | 2024-10-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But gravity is catching up with stocks in October, which tends to be a volatile month. If the number of jobs added comes in higher than expected, markets are likely to react well. With the jobs report out in about 12 hours, it's too late for second guessing, in any case.

Persons: Michael M, Dow Jones, David Kelly, Kelly, it's, –, Jeff Cox, Alex Harring, Pia Singh Organizations: New York Stock Exchange, Santiago, CNBC, Dow Jones Industrial, Nasdaq, Nvidia, Dow, U.S . Federal Reserve, Asset Management Locations: New York City

☆ Nikolaj Sørensen: Canadian ice dancer suspended for a minimum of six years for alleged ‘sexual maltreatment’
▼ + stars: | 2024-10-04 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —Canadian ice dancer Nikolaj Sørensen has been suspended for a minimum of six years for “sexual maltreatment,” Canada’s Office of the Sport Integrity Commissioner (OSIC) announced on Wednesday. It’s unclear whether the alleged assault was ever reported to police, or if an investigation by law enforcement ever took place. While the report made by the alleged victim to the OSIC has not been released to the public, Hogshead tells CNN the alleged sexual assault occurred after a party in Hartford, Connecticut, in 2012. Sørensen and Laurence Fournier Beaudry perform their free dance in the ice dance competition at the 2024 world championships. Sørensen competed at the 2022 Winter Olympic Games in Beijing, finishing ninth in the ice dance competition with Beaudry.

Persons: Nikolaj Sørensen, ”, –, Nancy Hogshead –, Sørensen, “, ” Hogshead, Hogshead, Laurence Fournier Beaudry, Graham Hughes Organizations: CNN, Sport, of Canada, Skate, International Skating Union, ISU, Canadian Press, AP, Instagram, Canadian National, Games, Beaudry Locations: Canadian, American, Skate Canada, Hartford , Connecticut, Shanghai, China, Beijing

☆ Ukrainian F-16 fighter pilots have had to dramatically change the way they fly after long flying Soviet jets, and it's a lot to overcome
▼ + stars: | 2024-10-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +10 min

Ukraine's F-16 pilots have had to get up to speed on a different fighter jet quickly. And more broadly, Ukraine's air force is having to rapidly undergo a wider transition that its international partners took significantly longer to do. Those older jets have hydraulic systems, while F-16 jets are fly-by-wire, which means computers process the input by pilots. A Ukrainian air force F-16 fighter jet flies in an undisclosed location in Ukraine. A farewell ceremony for Ukrainian F-16 pilot Oleksiy Mes in Shepetivka on August 29.

Persons: Ukraine's, —, Michael Bohnert, Bohnert, Volodymyr Zelenskyy, Vitalii, Tom Richter, James Hecker, Mitchell, David Deptula, Christopher Bowie, Oleksiy Mes, Oleksiy, they're, Valentyn, Keir Giles, Michael Clarke, Gordon, Skip, Davis Organizations: Service, RAND Corporation, Associated Press, Getty, Nokia, US Marine, National Guard, Politico, US Air Forces, NATO Allied Air Command, AP, Air Force, Pentagon, Ukrainian Air Force, Libkos, REUTERS, Chatham House's, West, Ukraine, US Army, Defense Investment Division Locations: Russia, Ukraine, Soviet, Europe, Ukrainian, Shepetivka, Denmark, Norway, Belgium, Netherlands, Chatham House's Russia, Eurasia, British

☆ The jobs market had a very strong September
▼ + stars: | 2024-10-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

The Fed is pivoting away from fighting inflation to supporting the labor market. The encouraging numbers doubled down on a labor market that's showing signs of strength after a slowdown. The Federal Reserve signaled a pivot from fighting inflation to supporting the job market with a 50-basis-point interest rate cut in mid-September, the first cut in four years. AdvertisementWage growth was another highlight for the labor market in September. The latest jobs report didn't just indicate a strong September.

Persons: —, Glen Smith Organizations: Service, Federal Reserve, BLS, GDS Wealth Management, Fed

☆ China has unabashed momentum and it's very, very bullish, says Renaissance Macro's Jeff deGraaf
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina has unabashed momentum and it's very, very bullish, says Renaissance Macro's Jeff deGraafJeff deGraaf, Renaissance Macro chairman and head of technical research, joins 'Closing Bell' to discuss deGraaf's recent note on China, why the rally in Chinese stocks may just be getting started, and much more.

Persons: Jeff deGraaf Jeff deGraaf Organizations: China Locations: China

☆ Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report
▼ + stars: | 2024-10-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"It also increases the possibility of a no-landing as well, meaning even stronger economic data for 2025 than we currently expect." watch nowBeyond that, it virtually eliminated any chance that the Federal Reserve would be repeating its half percentage point interest rate cut from September anytime soon. But broadly speaking, the news was very good and raised questions over just how aggressive the Fed will need to be. Jones said the Fed will have a dilemma on its hand as it figures out the proper policy response. "In an election year, passions run high and every economic report or event can garner intense reaction.

Persons: Anna Rose Layden, We've, Beth Ann Bovino, Friday's nonfarm, Dow Jones, Bovino, David Royal, Kathy Jones, Charles Schwab, Jones, they're, Elizabeth Renter Organizations: Outfitters, Getty, Federal Reserve, U.S . Bank, Fed, Fed Bank of America, Wall, U.S Locations: Tysons , Virginia, U.S

☆ The Fed will have to cut 'more and sooner' than the dot plot has suggested: Strategist
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will have to cut 'more and sooner' than the dot plot has suggested: StrategistVishnu Varathan, head of economics and strategy at Mizuho Bank, says "we're not sold on 50 basis points all the way through for this year, even though I think the [U.S. Federal Reserve] will have to cut more and sooner than the dot plot has suggested."

Persons: Vishnu Varathan, we're Organizations: Mizuho Bank, U.S . Federal

☆ US security officials warn of potential threats surrounding October 7th anniversary
▼ + stars: | 2024-10-04 | by ( Josh Campbell | ) edition.cnn.com time to read: +3 min

While not identifying any specific or credible threats to the United States, the advisory comes ahead of Monday’s anniversary of the October 7th attack in Israel and calls by foreign terrorist groups for violence against the West, the agencies said. The advisory also comes as Israel carries out deadly strikes against Hezbollah headquarters in Lebanon, and as it weighs a response to Iran’s recent ballistic missile attack. The New York Police Department increased patrols on Monday, a law enforcement source told CNN. The agencies assessed that foreign terrorist organizations will likely continue to “exploit narratives” surrounding hostilities involving Israel, Hamas, Hezbollah and Iran, in order to incite lone attackers toward violence in the US. So-called “lone wolves,” who are not formally part of a terror group, present an especially serious challenge to law enforcement, security sources have previously told CNN.

Persons: ”, “ Organizations: CNN, Hamas, FBI, Department of Homeland Security, West, The New York Police Department, Los Angeles Police Department, Police, DHS Locations: Israel, United States, Lebanon, Chicago , Miami, Philadelphia, Iran

☆ Britain's defense sector vies for stretched government funding on path to 2.5%
▼ + stars: | 2024-10-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Liverpool, ENGLAND — British defense officials are vying to secure more funding as Finance Minister Rachel Reeves' upcoming Autumn budget risks exacerbating already beleaguered efforts to boost military investment. Maria Eagle, the U.K.'s minister of defense procurement, joined a chorus of voices that called on the sector to prove that it could be more efficient under the new government, as the Treasury grapples with allocating its stretched finances. Meanwhile, the war in Ukraine has cast a spotlight on deep inefficiencies within Britain's defense sectors, provoking calls for reform. A 72-page House of Lords report published Thursday last week warned of "burdensome bureaucracy" in military recruitment and "cumbersome" procurement processes. Unless "laser-sharp priorities" are set, even 2.5% might not be enough to meet the country's defense needs, it said, adding that the government must acknowledge the essential need for higher defense spending and communicate that to the public.

Persons: Sir Keir Starmer, Rachel Reeves, Maria Eagle, We've, Eagle, Let's, Keir Starmer, — Organizations: RAF, Armed Forces, Treasury, Labour Party, NATO Locations: Oxfordshire, Liverpool, ENGLAND, Ukraine

☆ Stock market today: Dow notches record high after strong jobs report eases slowdown worries
▼ + stars: | 2024-10-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks rose 1% and the Dow hit a record as the jobs report alleviated slowdown worries. AdvertisementUS stocks surged about 1% on Friday after the September jobs report soothed fears of an economic slowdown. According to the CME FedWatch Tool, odds of a 50-basis point cut dropped to 0% from 53% last week. Consensus now expects two 25-basis point rate cuts from the Fed at their next two FOMC meetings before year-end. ING's chief economist, James Knightley, said the jobs report was "unambiguously strong."

Persons: —, Dow, Sonu Varghese, Jeffrey Roach, James Knightley, Knightley Organizations: Dow, Service, Federal, Fed, Financial Locations: Here's

☆ Middle-class wages aren't keeping up. Some economists say policy is suppressing pay growth
▼ + stars: | 2024-10-04 | by ( Juhohn Lee | ) www.cnbc.com time to read: +1 min

Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4%, according to research by the Economic Policy Institute. But more recently, some economists have suggested that deliberate policy decisions have actively suppressed workers' wage growth. According to the Federal Reserve Bank of San Francisco, the natural rate of unemployment has hovered between 4.5% and 5.5% throughout history. But since 1979, the U.S. has spent far more time with actual unemployment well above that estimated natural rate. Watch the video above to find out how middle-class wages are being suppressed.

Persons: Josh Bivens Organizations: Economic, Institute, Federal Reserve Bank of San Locations: U.S, Federal Reserve Bank of San Francisco

☆ Ukraine appears to be beating Russia in the drone production race
▼ + stars: | 2024-10-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukraine and Russia have boosted domestic drone production efforts to meet front-line needs. AdvertisementThe stunning rise of drone warfare has pushed Ukraine and Russia to boost their respective domestic efforts to produce unmanned systems, kicking off a high-stakes race to out-manufacture the other. By contrast, Russian President Vladimir Putin said last month that Moscow intended to ramp up drone production tenfold to around 1.4 million a year, noticeably less than its neighbor. Although more traditional military drones are active. The demand for more unmanned systems has pushed Ukraine and Russia to increase their domestic drone output to keep up with battlefield requirements — setting the stage for an unprecedented arms race.

Persons: —, Volodymyr Zelenskyy, Zelenskyy, Vladimir Putin, Diego Herrera Carcedo Organizations: Service, Kyiv, International Defense Industries, Getty, Institute for Locations: Ukraine, Russia, Kyiv, Russian, Moscow, Anadolu, Europe

☆ 46-year-old turned 400 of his employees into millionaires by selling his startup for $3.7B: ‘These are life-changing outcomes’
▼ + stars: | 2024-10-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When Jyoti Bansal made "the hardest decision" of his career — selling his software startup AppDynamics for billions — he did it with his employees in mind. As the startup's founder and chairman, Bansal would've become wealthy either way — but only one of his two options guaranteed the same for many of his staffers, he says. Upon Bansal's acceptance of the offer, roughly 400 AppDynamics employees saw their shares of the company rise in value to at least $1 million, a spokesperson for Bansal says. Today, he's the CEO and co-founder of two other software startups, Traceable and Harness, the latter of which was most recently valued at $3.7 billion in 2022. At least 70 of the company's 80 employees became millionaires on paper when VeriSign's stock soared two years later, Chaudhry said.

Persons: Jyoti Bansal, AppDynamics, Bansal would've, Bansal, could've, Zscaler, Jay Chaudhry didn't, Chaudhry, Get Organizations: Cisco, CNBC, SEC, VeriSign

☆ Why one firm is skeptical about the blockbuster September jobs report — and is still expecting another jumbo rate cut
▼ + stars: | 2024-10-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. AdvertisementThough most on Wall Street are cheering September's blowout labor report, not everyone is so sure the labor market is booming. Advertisement"The extremely low response rate to the payroll survey waves a red flag," the firm wrote on Friday. The firm scrutinized last month's payroll strength against the fact that other labor market indicators have shown a pullback in hiring. Meanwhile, this week's JOLTS data prompted Deutsche Bank to question how tight the labor market really is.

Persons: —, Larry Summers Organizations: Macroeconomics, Service, Deutsche Bank, of Labor Statistics, Conference, Federal, Bank of America Locations: joblessness, tanked

☆ LA inches closer to launching a basic income program for domestic abuse survivors
▼ + stars: | 2024-10-04 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

LA advanced a proposal for a new basic income program targeting domestic abuse survivors. It's inspired by the results of the city's BIG:LEAP program, a large-scale basic income pilot. BIG:LEAP found that monthly cash stipends helped abuse survivors leave their partners. AdvertisementLos Angeles is making strides toward a guaranteed basic income program that would target domestic abuse survivors. "Oftentimes, simple solutions are the most effective, and studies have proven that Guaranteed Basic Income works.

Persons: It's, —, Councilmember Hugo Soto, Martínez, Councilmember Curren, Marqueece Harris, Dawson, CIFD, We've, Harris Organizations: LA, Service, Los Angeles City, Soto, National Network, Investment, Families Department, City Council Locations: Los Angeles, Councilmember Curren Price, LA

☆ A girl murdered in 2006 was just revived as an AI chatbot — and her family had no idea
▼ + stars: | 2024-10-04 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

Jennifer Ann Crecente, a high school girl murdered in 2006, recently reappeared as a chatbot on Character.ai. It had been 18 years since Jennifer Ann, a high school senior and Crecente's only child, was murdered by her ex-boyfriend in Austin. Grieving, Crecente had started a nonprofit in her name, working since 2006 to raise awareness for teenage dating violence. Drew CrecenteThe website also listed Jennifer Ann as an "expert in journalism" with expertise in video game news. "This is not quite impersonation in the sense that it seems transparent that it is an AI model," Conitzer said of the chatbot mimicking Jennifer Ann.

Persons: Jennifer Ann Crecente, —, Drew Crecente, Jennifer Ann, Crecente, she'd, I've, he'd, Jennifer Ann's, Brian, Brian Crecente, Character.ai, y3gvAYyHVY, Jennifer Ann chatbot, he's, they're, Cassie Lawrence, Vincent Conitzer, Conitzer, Sue Morris, Dana, they've, Morris, Noam Shazeer, Daniel De Freitas, Shazeer, De Freitas, Winni Wintermeyer, Elon Musk, Nicki Minaj, Ryan Gosling, Andreessen Horowitz, Dominic Perella Organizations: Service, Google, BI, Safety, Institute for, Oxford University, Farber Cancer Institute, Washington, Financial Times, Business Locations: Character.ai, Austin, San Francisco, Character.AI, Boston

☆ Bitcoin is flipping in and out of 'bear' mode but could still reach $100,000 this year
▼ + stars: | 2024-10-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin investors are grappling with a demand dearth that has pushed the cryptocurrency into bear market territory at times. (In the first quarter, bitcoin ETFs bought about 9,000 BTC daily on average, following their January launch.) In the fourth quarters of 2012, 2016, and 2020 — the previous Bitcoin halving years — bitcoin prices rose by 9%, 59%, and 171%, respectively. The most recent halving — the supply cutting event that takes place every four years — happened this April. BTC.CM= YTD mountain Bitcoin (BTC) year-to-date Bitcoin is set up well for the final quarter , but it's still working through a supply overhang from the U.S. and German governments as well as Mt.

Persons: It's, John Todaro, Needham, uptrend, it's, Wolfe, Rob Ginsberg, Owen Lau, Oppenheimer Organizations: CNBC, BTC, Federal Reserve, U.S Locations: China, U.S

☆ These are the most important stocks in the U.S., according to Bank of America
▼ + stars: | 2024-10-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

There are several key stocks in the U.S. investors need to be mindful of when navigating the current market environment, according to Bank of America. To capture the momentum from this rally, Bank of America screened for the most important stocks in each region of the world — including the U.S. — that have the potential to have the largest impact on portfolio performance, positive or negative. Bank of America found these stocks to be among the most important in the U.S.: Chipmaker Nvidia and oil and gas giant Exxon Mobil ranked fairly high on the firm's steady compounders list within the screen. Meta's shares are up nearly 64% year to date. Other stocks considered the most important names in the U.S. include rideshare company Uber and pharma name Eli Lilly .

Persons: Nigel Tupper, Vivek Arya's, Metaverse, Justin Post, Eli Lilly Organizations: Bank of America, Investment, U.S, Nvidia, Exxon Mobil, Exxon, Meta, Bank of America's, Uber Locations: U.S, Lebanon, Thursday's

☆ Harris campaigns with Liz Cheney in a bid to win over Republicans skeptical of Trump
▼ + stars: | 2024-10-04 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

"I tell you, I have never voted for a Democrat, but this year, I am proudly casting my vote for Vice President Kamala Harris," Cheney told the crowd. Cheney said in September that both she and her father, Republican former Vice President Dick Cheney, would be voting for Harris over their party's nominee, former President Donald Trump. The Harris campaign has been looking for ways to take advantage of opposition to Trump within the Republican party. Since then, a small but growing number of prominent Republicans have come out in support of Harris' presidential campaign, including former Trump White House aide Cassidy Hutchinson and the Cheneys. "We have plenty of policy disagreements with Vice President Harris.

Persons: Liz Cheney, Kamala Harris, Harris, Cheney, Dick Cheney, Donald Trump, Trump's, Jack Smith, Trump, Harriet Hageman, Republican party's, Liz, Cassidy Hutchinson, Walz, denialism, Donald Trump's, Nikki Haley, Hillary Clinton, Joe Biden Organizations: Republican, Democratic, Democrat, Republicans, Washington D.C, House Republican Conference, Wyoming GOP, Trump, Republican Party, Historic Landmark, Trump White House, Wisconsin Republican, Wisconsin Republicans, Harris, Wisconsin's Electoral, Badger State Locations: Ripon , Wisconsin, Washington, Wyoming, Wisconsin, Carolina, Ripon

☆ A less-expensive iPhone that still has AI features could help Apple out in China
▼ + stars: | 2024-10-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple plans to release a new iPhone SE in early 2025, Bloomberg reported. An Emarketer analyst said a cheaper AI iPhone could boost sales in Greater China. The new iPhone SE will reportedly feature an edge-to-edge screen design similar to the iPhone 14. The current iPhone SE costs $429; it's also smaller than these newer models. Related storiesStill, Gene Munster, managing partner at Deepwater Asset Management, called China Apple's "big unanswered question when it comes to Apple Intelligence."

Persons: —, it's, Mark Gurman, Jacob Bourne, Emarketer, Gene Munster, Munster Organizations: Bloomberg, Service, Apple Intelligence, Apple, Huawei, Pura, Deepwater Asset Management Locations: Greater China, China

☆ Goldman Sachs says crude could spike by $20 on Iran oil shock
▼ + stars: | 2024-10-04 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

The oil tanker 'Devon' prepares to transfer crude oil from Kharg Island oil terminal to India in the Persian Gulf, Iran, on March 23, 2018. Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to Goldman Sachs. U.S. crude oil prices just saw a third consecutive session of gains after Iran launched a ballistic missile attack on Israel, heightening tensions in the region. If Israel hits Iran's oil industry, supply disruptions in the Strait of Hormuz could become of concern, other analysts echoed. This strategically significant waterway connects crude oil producers in the Middle East with major global markets.

Persons: Struyven, Daan Struyven, Goldman Sachs, CNBC's, Saul Kavonic, Joe Biden, Brent Organizations: U.S . Energy Information Administration, Oil, CNBC, White, bbl, USD150, Fitch Solutions, BMI Locations: Devon, India, Persian Gulf, Iran, Saudi Arabia, UAE, Israel, U.S, China, Hormuz, Strait, Oman, OPEC

☆ Tech tycoon Mike Lynch died from drowning after his superyacht sank, inquest hears
▼ + stars: | 2024-10-04 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

British tech tycoon Mike Lynch died from drowning, an inquest heard. Lynch and six others died after the superyacht Bayesian sank off the coast of Sicily in August. Lynch founded software company Autonomy in 1996 and sold it to HP for more than $11 billion in 2011. AdvertisementTech tycoon Mike Lynch died from drowning after the Bayesian superyacht sank off the coast of Porticello, Sicily, an inquest heard on Friday, multiple outlets reported. Lynch, his 18-year-old daughter Hannah, and five others died after the vessel was caught in a heavy storm in August.

Persons: Mike Lynch, Lynch, —, Hannah, Mike Brown, Jonathan Bloomer, Morgan Stanley, Judy, Brown, Jonathan, Judy Bloomer —, Chris Morvillo, Neda —, Recaldo Thomas, Matthew Griffiths, James Cutfield, Tim Parker Eaton Organizations: Autonomy, HP, Service, Tech, Morgan, Morgan Stanley International, Reuters, BBC Locations: Sicily, Porticello, Autonomy

☆ Zillow adds climate risk data to home listings as threats rise
▼ + stars: | 2024-10-04 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

As concerns about flooding, extreme temperatures, and wildfires grow, this tool also helps agents inform their clients in discussing climate risk, insurance, and long-term affordability." But climate risk firm First Street, which incorporates the effects of climate change into its property risk scores, shows nearly 12% of homes in the state at flood risk. Each for-sale listing on Zillow now displays First Street risk scores for flood, fire, wind, air and heat. This is especially true for the flood risk, because climate change is already intensifying the severity of rainfall, even in minor storms. More than 80% of buyers now consider climate risk when purchasing a home, according to a survey by Zillow.

Persons: Skylar Olsen, Hurricane Helene, Ed Kearns, We've, Zillow, Kearns Organizations: FEMA, Federal Emergency Management Agency, Government, First Locations: North Carolina, Carolina

Search resuls for: "More"

25 mentions found