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Sky-high insurance premiums and extreme weather have already prompted some Floridians to move. But the storm calls into focus an already difficult part of living in Florida: home insurance. According to an analysis of US Census data by NBC News, around 18% of homeowners in Florida are without home insurance. AdvertisementThe amount of damage a storm causes typically affects insurance premiums. The Florida Office of Insurance Regulation estimated Hurricane Idalia — which made landfall in Florida as a Category 4 in 2023 — totaled more than $309.5 million in losses.
Persons: Helene, , Floridians, John, Natalia, Hurricane Idalia, Mark Friedlander Organizations: Service, National Hurricane Center, NBC News, USA, California ., Sunshine State, Capital Economics, Business, Hurricanes, Dade, Insurance, Insurance Information Institute, Tampa Bay Times Locations: Florida, Florida , Georgia, South Carolina, North Carolina, California, California . Florida, Insurify, Dell Prairie , Wisconsin, Plantation , Florida, Fort Lauderdale, Florida's panhandle, Miami, Dade County, Broward County, Leon County, Tallahassee
Dollar drifts, risk-sensitive currencies lifted by China optimism
  + stars: | 2024-09-27 | by ( ) www.cnbc.com   time to read: +4 min
The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. "This suggests a more cautious approach to interest rate cuts, prioritizing a balance between the Fed's employment mandate and keeping an eye on inflation risks." The risk-sensitive Australian and New Zealand dollars also held near multi-year highs due to China stimulus plans. AUD/On Thursday, China's leaders pledged to support the struggling economy through "forceful" interest rate cuts and adjustments to fiscal and monetary policies, stoking expectations for more stimulus.
Persons: Ryan Brandham, Sterling, China's Organizations: Federal Reserve, North America, Validus Risk, New, Communist Party, ING Locations: U.S, China, New Zealand
Lebanese authorities have said that the devices used in the attacks were Gold Apollo Rugged Pager AR-924 pagers and ICOM IC-V82 walkie-talkies. The logo of Taiwanese company Gold Apollo is seen outside its office in New Taipei City on September 18, 2024. Yan Zhao/AFP/Getty ImagesThe chairman and founder of Taiwan-based Gold Apollo, Hsu Ching-kuang, was questioned by Taiwanese prosecutors last Thursday before being released. On its YouTube channel and website, Apollo Systems HK said that it had acquired the “sole distribution rights” to Gold Apollo pager systems. Hsu Ching-kuang (L), head of Taiwanese company Gold Apollo, speaks to the media outside the company's office in New Taipei City on September 18, 2024.
Persons: Budapest CNN — Israel, Yoav Gallant, , Shin, Israel, Sean Moorhouse, ” Moorhouse, Mohamed Azakir, , Gold, ICOM, Yan Zhao, Hsu Ching, Hsu, Teresa, Teresa Wu, Wu, Jakub Porzycki, Cristiana, Arcidiacono, , DANS, Dimitar Glavchev, Rinson Jose, Jose, Hassan Nasrallah, ” Nasrallah, , Hassan Ammar, Volker Türk, Pallabi Munsi, Katie Polglase, Tara John, Eyad Kourdi, Avery Schmitz Organizations: Budapest CNN, Getty, Israel, CNN, British Army, American University of, American University of Beirut Medical Center, Reuters, United Nations, UN Security, UN, International, New York Times, Consulting, Budapest, Gold, Prosecutors, BAC Consulting, Apollo Systems Ltd, Taiwan’s International Trade Administration, Apollo Systems, Apollo Systems HK, YouTube, Apollo, AA, , NBC News, Norta Global, Norta, Norwegian Police Security Service, Security, “ Authorities Locations: Beirut, New Taipei City, Budapest, Lebanon, Beirut's, AFP, American University of Beirut, Taiwan, Hungary, Taipei, Taipei City, Hong Kong, United States, Australia, Europe, Bulgaria, Norway, Anadolu, pagers, Sofia, Norwegian, Gaza
The secular bull market, which began in 2009, is in a mature stage according to NDR's Tim Hayes. "With the secular bull mature, we're watching out for signs that it may be at risk," he said. AdvertisementWith the S&P 500 in its 15th year of a secular bull market that started in 2009, Ned Davis Research says investors should watch for warning signs of a potential peak. The first warning sign of a near-term peak in the stock market is worsening breadth among the underlying issues of the US stock market. And a rebound in inflation, coupled with rising interest rates, would be an unwelcome warning sign for the current bull rally in stocks.
Persons: Ned Davis, Tim Hayes, , Hayes Organizations: Ned Davis Research, Service, NDR
But now, as the dangers of a widening deficit and mounting debt grow, former President Donald Trump and Vice President Kamala Harris are making little effort to address it. A budget deficit occurs when a country’s spending exceeds what it collects in revenue, primarily through taxes. The deficit is expected to widen under the status quo and could get even worse under proposals by both Harris and Trump, if enacted. During the Trump-Harris presidential debate earlier this month, the budget deficit was mentioned just twice, when Harris jabbed Trump for his proposals, which are expected to add considerably more to the deficit than hers. In the 2021 fiscal year, during which Trump left office, the country ran a $2.8 trillion deficit.
Persons: Donald Trump, Kamala Harris, Harris, Trump, Jerome Powell, “ It’s, ” Powell, Harris jabbed Trump, , Maya MacGuineas, , Barack Obama, we’ve, I’ve, Obama, Mitt Romney, ” Obama, Romney, Hillary Clinton, Powell, MacGuineas, There’s, Kent Smetters, aren’t Trump, Smetters, aren’t Organizations: New, New York CNN, White, Trump, Republican, Democratic, Congressional, CNN, University of Pennsylvania’s Wharton School, Penn Wharton Budget, , Republicans, Democrats, Locations: New York, China, Japan
Shailene Woodley reacted to the news about a potential season three of "Big Little Lies." Woodley told Business Insider that she doesn't have much information about it and remains skeptical. Advertisement"Big Little Lies" star Shailene Woodley can't say much about season three of the hit HBO drama series — not because she's being secretive, but because she has limited information. "Big Little Lies," based on Liane Moriarty's novel of the same name, debuted in 2017. Reese Witherspoon, Shailene Woodley, and Laura Dern on season one of "Big Little Lies."
Persons: Shailene Woodley, Woodley, , Jane Chapman, Liane Moriarty's, Zoë Kravitz, Jean, Marc Vallée, Andrea Arnold, Valée, Kravitz, GQ, it's, Reese Witherspoon, Laura Dern, Nicole Kidman, Witherspoon, Kidman, Liane Organizations: Service, HBO, Hollywood
An aide to the Hungarian PM was criticized after suggesting Hungary wouldn't have resisted a Russian invasion. He referred back to a 1956 uprising in Budapest, which the Soviet Union brutally repressed. He said it was "irresponsible" to resist, citing the number of dead in the Ukraine war. He said this was because Hungary had tried and failed to resist the Soviet Union in 1956. Viktor Orbán is Russian President Vladimir Putin's closest ally in the European Union, a position that has put him strongly out of favor in the bloc.
Persons: Hungary wouldn't, , Viktor Orbán, Balázs Orbán, Zelenskyy, Hungary —, Vladimir Putin's, Donald Trump, Putin, Trump Organizations: PM, Soviet Union, Service, Politico, European Union, Fidesz Locations: Hungary, Russian, Budapest, Ukraine, Hungarian, Soviet Union, Russia
Mixed market : The S & P 500 spent Friday's session mostly unchanged as it tried for a fourth record close this week. Still frothy : The S & P Short Range Oscillator pulled back from Tuesday's most overbought reading since August. Month to date, consumer discretionary, utilities, and materials were the best-performing S & P 500 sectors. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, he's, Vimal Kapur, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, GE Healthcare, Honeywell, Constellation Brands, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Tuesday's, New York City
This week, Putin once again rattled the arms-control world by revealing proposed changes to his country’s nuclear doctrine. “In the current version of Russia’s nuclear doctrine, there is no distinction between an aggression by nuclear- and non-nuclear-weapon state,” he wrote. “There are two noteworthy points of departure from the previous 2020 Russian military doctrine,” she wrote on X. “2020 doctrine allowed the use of NW [nuclear weapons] in response to conventional aggression that jeopardizes the very existence of the state. And the results of Zelensky’s visit to the US may soon tell us whether anyone in Washington is listening to Putin’s nuclear talk.
Persons: Vladimir Putin, Putin, Volodymyr Zelensky, Biden, Pavel Podvig, , ” Podvig, , Mariana Budjeryn, Harvard Kennedy, Alexander Nemenov, Budjeryn, Kristin Ven Bruusgaard, ” It’s, Ven Bruusgaard Organizations: CNN, Kremlin, Council, Russian Federation, , Harvard, Getty, Norwegian Intelligence School Locations: Ukraine, Russia, Moscow, Washington, USSR, United States, ” Moscow, AFP, Russian
Absolute iron deficiency can be treated with iron supplements, and functional iron deficiency is managed by treating the underlying conditions leading to it, Buckley said, adding that the long-term consequences of functional iron deficiency remain under investigation. Absolute iron deficiency was also common among older women and men, a group that may be more susceptible to the effects of iron deficiency,” he said. Even among adults without conditions that may be associated with iron deficiency – anemia, heart failure, chronic kidney disease or pregnancy – the estimated prevalence of absolute iron deficiency was 11% and that of functional iron deficiency was 15%. Only about 33% of the adults with absolute iron deficiency and 14% of adults with functional iron deficiency had a potential medical reason to screen for iron deficiency, such as anemia, heart failure, chronic kidney disease or pregnancy. However, we know that iron deficiency can cause symptoms before a patient becomes anemic, as anemia is a late-stage manifestation of iron deficiency,” he said.
Persons: Dr, Leo Buckley, Buckley, , , menstruate, Jacob Cogan, Cogan, ” Cogan, Sanjay Gupta, Theodore Strange, ” Strange Organizations: CNN, United States –, JAMA, of Pharmacy, Brigham, Women’s, Women’s Hospital, National Health, University of Minnesota, CNN Health, Northwell’s Staten Island University Hospital Locations: United States, Boston, Northwell’s
CNN —No trees have grown on the windswept Falkland Islands in the South Atlantic Ocean for tens of thousands of years — just shrubs and other low-lying vegetation. “It’s very sort of windswept and barren.”The Falkland Islands are a British-ruled overseas territory over which Great Britain and Argentina fought a brief war in 1982. But the story of this hidden forest goes back even further in time than the researchers initially thought. “The Falkland Islands are currently covered by grasslands and lack native trees,” Donovan added. However, the islands are unlikely to see a return to a forest landscape anytime soon, Thomas said.
Persons: Zoë Thomas, , , Thomas, Michael Donovan, wasn’t, ” Donovan, Haidee, Chris Turney, what’s, Donovan Organizations: CNN, UK’s University of Southampton, Britain, Falklands, Antarctic, University of Southampton, Chicago’s, Australia’s University of New, Southern Locations: Falkland Islands, Stanley, Falkland, British, Great Britain, Argentina, Australia’s University of New South Wales, Patagonia, Antarctica, Westerly, Islas, South America
In 2014, the "Monte Carlo" actor bought a Mediterranean-style residence in Calabasas, California, for $3.69 million. This Santa Monica mountain view visible from Calabasas. Andy Konieczny/ShutterstockFor her next real-estate purchase, Gomez chose a $3.69 million 7,700-square-foot mansion in Calabasas, a neighborhood that's been home to celebrities including Kim Kardashian, Miley Cyrus, and Justin Bieber. The five-bedroom, six-bathroom home was among Mureau Estates' 11 luxury villas, part of a big, private gated community. The main home, per House Beautiful, featured five fireplaces, a gym, a movie theater, and even an underground wine cellar.
Persons: Monte Carlo, Andy Konieczny, Gomez, Kim Kardashian, Miley Cyrus, Justin Bieber Organizations: Mureau Estates, Teen Vogue Locations: Calabasas , California, Monica, Calabasas, French Montana
Brokerages have also jumped in on the action, with several companies dropping the rates they pay on sums held in cash sweep accounts. Charles Schwab recently trimmed its cash sweep rate to 20 basis points, where it was previously 45 basis points, according to an analysis by Bank of America. Wells Fargo also dropped rates by 3 basis points to 30 basis points, based on the level of clients' household assets. A few outliers still pay solid rates on idle cash Brokerages take different approaches toward cash sweeps, with some firms opting to keep rates low even when the Fed was hiking rates. Even as yields are expected to continue falling, a couple of brokerages continue to offer competitive rates, Bank of America found.
Persons: Marcus, Goldman Sachs, Wells, Michael Kaye, Charles Schwab, Wells Fargo, Robinhood, Ryan Salah, We've Organizations: Federal Reserve, Fed, Discover Financial, Bank of America, Wells, Advisors, Interactive, Robinhood, Capital Financial Partners Locations: Wells Fargo, Towson , Maryland
The United States is home to some of the most congested cities in the world, but there are some places around the country where residents have a smooth daily commute. The average commute time was calculated using the 2022 American Census Survey and the traffic was calculated using Lyft data from August 2023 to August 2024. The report found that 25% of the commuters surveyed said that time was the most important factor in having a great commute. "If you are going back to the office, you know that the commute is not what it once was. Though dealing with congestion might seem bad, Bob Pischue, a transportation analyst at INRIX, says it's a sign of a good economy.
Persons: it's, Jill Gonzalez, Bob Pischue Organizations: Survey, CNBC Locations: States, United States, U.S, INRIX
What is chroming? Here’s what parents should know
  + stars: | 2024-09-27 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +8 min
“(Chroming) can become addictive when it’s done over and over again.”Here’s what else you should know about the risks of chroming, signs of dependency and how to talk to young people about the practice. Chroming can also be fatal, and the amount and frequency necessary for that outcome to play out is unpredictable, experts said. Protecting kids from substance misusePreventing kids from chroming can be difficult since the items used are often household or hobby items. “The best way to approach chroming is to approach it like other dangers — an ongoing conversation over time,” Choi said. If you notice chroming is a recurring problem for your child, they may have a dependency they can’t easily stop despite your intervention, Pizon said.
Persons: Anthony Pizon, Pizon, Betty Choi, , ” Choi, inhalants, “ There’s, ” Pizon, Choi, TikTok, Chroming, , you’re Organizations: CNN, University of Pittsburgh School of Medicine, Survey, Mental Health Services Administration Locations: United Kingdom,
Gen Z workers are redefining office dress codes with their fall fashion trends. AdvertisementCharli XCX may have painted this summer "Brat" green, but a new season — and thus new style trends — are upon us. As a result, office fashionistas are building their fall work wardrobes. As for "Brat Summer," Rose compared it to the pink craze sparked by "Barbie" summer in 2023, which she said faded away by September last year. The office encourages employees to wear what they want, and Butler takes full advantage by expressing her street style.
Persons: , what's, Zers, Jordan Booker, Jordan Booker Booker, Booker, Ralph Lauren, he's, Bella Hadid, Syndey Rose, Sydney Rose, Sydney Rose Rose, Rose, Barbie, Tealoni Butler, Butler, Tealoni Butler Butler Organizations: Service, Business, Nike, Sydney Locations: Patagonia
AdvertisementWho's going to win the streaming wars? Its would-be competitors are nowhere close. It no longer had the market to itself, and its flaws could no longer be covered up by go-go growth. AdvertisementThe best way to show how the streaming wars have worked out is via this chart: It shows you that Netflix stock is soaring. (We also threw Fox on this chart, even though the company has mostly stayed out of the streaming wars, though Tubi, its free service, is starting to gain momentum.)
Persons: , fickleness Organizations: Netflix, Service, Disney, Comcast, Warner Bros Discovery, Paramount, Fox
Open AI CEO Sam Altman said he doesn't see AI replacing human writers. AI's use in writing has grown since ChatGPT's launch, with some authors even using AI to write and illustrate books. AdvertisementWhile multiple jobs are seemingly at risk of one day being replaced by AI, Sam Altman doesn't believe writers are one of them. One freelance writer previously told BI that they lost a job after their client began using AI to replace his services. But Altman remains confident that human writers will maintain an advantage over AI — original idea generation.
Persons: Sam Altman, Altman, , Sam Altman doesn't, podcaster David Perell, Tim Boucher, Claude, ChatGPT, OpenAI Organizations: Service, o1, GPT
CNN —Dame Maggie Smith, one of Britain’s best-known actresses whose long career ranged from starring opposite Laurence Olivier in “Othello” on stage and screen, to roles in “Harry Potter” and “Downton Abbey,” has died, her sons announced in a statement shared by their publicist Clair Dobbs. “It is with great sadness we have to announce the death of Dame Maggie Smith. Everett CollectionSmith was made a Dame Commander of the Order of the British Empire in 1990, and from then on was widely known as Dame Maggie Smith. She came to the notice of younger viewers as the strict but fair witchcraft teacher Minerva McGonagall in “Harry Potter and the Sorcerer’s Stone” (2001), also appearing in several “Harry Potter” sequels. In her later years, Smith became a role model for ageing gracefully, a process she handled with her customary charm and wit.
Persons: Maggie Smith, Laurence Olivier, , , “ Harry Potter ”, Downton, Clair Dobbs, Dame Maggie Smith, ” Smith, Smith, William Shakespeare’s “, Olivier’s, Miss Jean Brodie, Neil Simon’s, Judith Hearne, Dowager Countess, Everett, Mussolini, Franco Zeffirelli, Minerva McGonagall, “ Harry Potter, Harry Potter, Violet Crawley, Dowager, Robert Stephens –, , Beverley Cross Organizations: CNN, Chelsea, Westminster Hospital, Oxford University, Oxford Playhouse School, Oxford University Dramatic Society, The Old, British, Acclaim, Atlantic Locations: Ilford, London, Oxford, , , California, British, Florence, Italy, Grantham, “ Downton, Los Angeles
An Anthropic executive jumped at the opportunity to mock OpenAI in response. AdvertisementTech rivalries are always a hot topic on X, and on Friday, an Anthropic executive couldn't help but take a jab at OpenAI. OpenAI cofounder Wojciech Zaremba took to X on Friday to wax poetic about the latest high-profile departures. He likened the exits of Murati, Zoph, and McGrew to children dying in the Middle Ages. Just hours later she wrote on X, "Happy to report that Anthropic's co-founders all still merrily work at the company.
Persons: OpenAI, Mira Murati, Bob McGrew, , Sam Altman, Altman, Barret Zoph, Wojciech Zaremba, Zaremba, McGrew, Sasha de Marigny, Anthropic, Anthropic's, Anthropic’s, — Sasha de Marigny, John Schulman Organizations: Service, OpenAI Locations: Murati
Google struck a $2.7 billion deal with Character.ai., largley to rehire AI expert Noam Shazeer, WSJ reported. It's an eye-popping example of how expensive and in demand top AI talent is as competition heats up. AI career experts told Business Insider it's a bit like pro sports — the superstars are worth it. AdvertisementThere are plenty of stories out there about just how ruthless the hiring wars for AI talent have gotten. Grennan predicted this pattern will continue as the AI talent window stays hot for the next three to four years.
Persons: Noam Shazeer, , Shazeer, he's, it's, Mustafa Suleyman, Karen Simonyan, Andree Mendoza, Mendoza, Sergey Brin, Zuckerberg, Meta, Altman, Conor Grennan, Grennan, Noam Shazeer isn't Organizations: Google, Service, Nvidia, Wall Street, Business, Microsoft, Carex Consulting, Big Tech, NYU's Stern School of Business, Wall, Apple
Although it is very volatile and exhibits wild swings, in the 1-year daily chart shown below, it becomes evident how confined its movement is within a well-defined trading range. Whenever it breaches one of these levels, it quickly stabilizes in a new trading range. Based on this analysis, I am considering a bearish set-up while keeping the top of its current trading range in mind. The trade Given the bearish outlook, I'm using a call credit spread as my trade structure. If the index stays below $2,260 by the expiration date, the trade will yield an ROI of 42% on the capital risked.
Persons: Russell, Nishant Pant Organizations: CNBC, NBC UNIVERSAL
When my dad died, I realized life insurance was a priority, but it doesn't cover everything I need. After that ordeal, I decided to up my life insurance to ensure that my family wouldn't face the same troubles if I died unexpectedly. It was important to me that — on top of paying funeral costs — my life insurance policy also covered our home's mortgage. Unlike critical illness insurance, cancer insurance only covers costs associated with cancer. While different health insurance plans offer different treatment coverages, Aflac's cancer insurance offers supplemental coverage that covers several treatment options.
Persons: I'm, doesn't, Samantha Chavarria Samantha Chavarria, she's, Read Organizations: Cancer, Aflac, Ambulance, Houstonia, Twitter Locations: Latina, Houston
In a recent interview, Swank, 50, said she's happy she's an older mom. She has more time for her kids and is more comfortable with herself than she was in her 20s and 30s. AdvertisementIn 2022, Hilary Swank announced she was pregnant with twins at age 48, sparking conversations around the risks of pregnancy after age 35. Now, a few years into being a mother, Swank, 50, said that she's glad she had kids in her 40s. "It makes me really empathize with all the parents out there who are working really long hours who don't get to see their children."
Persons: Hilary Swank, Swank, Organizations: Service
The strike in the Beirut suburb of Dahiyeh came shortly after Israeli Prime Minister Benjamin Netanyahu addressed the U.N., vowing that Israel's campaign against Hezbollah would continue. The Israeli army spokesman, Rear Adm. Daniel Hagari, said it targeted the main Hezbollah headquarters, located beneath residential buildings. Hezbollah's Al-Manar TV said four buildings were reduced to rubble in the blast, so powerful it rattled windows and shook houses some 30 kilometers north of Beirut. Israel has moved thousands of troops toward the border in preparation. At the U.N., Netanyahu vowed to "continue degrading Hezbollah" until Israel achieves its goals, further dimming hopes for an internationally backed cease-fire.
Persons: Benjamin Netanyahu, Daniel Hagari, Hezbollah's, Netanyahu, Firass Abiad Organizations: Hezbollah, Hamas Locations: Beirut, Dahiyeh, Lebanese, Lebanon, Israel, Gaza, Israel's, Sidon, Nabatiyeh, Tiberias
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