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Chatham County employees dump a truck load of sand for residents to use in sandbag as they prepare for Hurricane Debby, in Savannah, Georgia on August 5. Stephen B. Morton/APHurricane survivors returning to damaged houses face a torrent of challenges – if they’re lucky enough to have a home at all. Residents should “return home only when local officials say it is safe to do so,” the Federal Emergency Management Agency says. Once you get there, “Walk carefully around the outside of your home to check for loose power lines, gas leaks, and structural damage,” the National Weather Service says. Read more about how to recover from a hurricane or tropical storm.

Persons: Debby, Stephen B, Morton, –, Read Organizations: Chatham, AP Hurricane, Federal Emergency Management Agency, National Weather Service, CDC Locations: sandbag, Savannah , Georgia

☆ 'Babies tossed out with the bath water': Why top strategists aren't scared during the wildest market since March 2020
▼ + stars: | 2024-08-06 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Related storiesWhile those concerns served as the kindling, it was the July jobs report that sparked terror. A closer look at the jobs report reveals that while job additions underwhelmed, jobless claims were also minimal. AdvertisementSecond-quarter earnings growth has been impressive so far and seems set to rise by low single digits, according to UBS GWM. The bullish strategy chief remarked in a note Monday that six of the 11 market sectors have enjoyed double-digit earnings growth this quarter, while only three have seen declines. "Such sell-offs can offer an opportunity to 'catch babies tossed out with the bath water,'" Stoltzfus wrote.

Persons: —, Oppenheimer, Jonathan Golub, Oppenheimer Jason Draho, Americas Solita Marcelli, Marcelli, Beryl, Draho, That's, David Lefkowitz, John Stoltzfus, Stoltzfus Organizations: Service, Business, UBS, UBS Global Wealth Management, Labor, UBS GWM Locations: Americas

☆ The stock market is panicking, but you don’t have to
▼ + stars: | 2024-08-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

To be sure, the carnage on Wall Street and in equities markets around the world was real. But Monday’s panic was the Wall Street equivalent of a tantrum from a kid who just got told they can’t have ice cream for dinner. But don’t let the stock market drama fool you: The US economy is still in good shape, despite some turbulence. “And I’m not too worried about Wall Street becoming poor.”Stocks looked to bounce back Tuesday. Wall Street worked itself into a lather when ChatGPT came out two years ago.

Persons: CNN Business ’, Stocks, Dow, Wall, don’t, Rana Foroohar, That’s, it’s, Goldman Sachs, ”, Jan Hatzius, ” Goldman, There’s, Beryl, “, Beryl didn’t, Aaron Sojourner, ’ ”, ChatGPT, Rob Haworth, ” Haworth Organizations: CNN Business, New York CNN, CNN, Nikkei, of Labor Statistics, Coast, BLS, WE Upjohn, Employment Research, White House Council, Economic Advisers, Fed, Federal, Markets, Big Tech, Nvidia, Microsoft, Wall, Bank of Japan, US Bank Locations: New York, Japan

Tropical Storm Debby, which came ashore as a category 1 hurricane along the Florida coast early Monday, will move across the Southeast on Tuesday at roughly the speed of a human walking. Like Debby, both storms stalled over the region and became reminders that a hurricane’s hazards can persist and intensify for days after it makes landfall. Even small changes in the steering currents could result in Debby shifting and changing where the rain falls. The storm will most likely move slightly offshore, allowing some restrengthening before the storm turns north and moves back inland. Debby will funnel huge amounts of moisture northward and collide with cooler air moving into the region, allowing storms to form.

Persons: Debby, Alex Lamers, Hurricane Harvey, ”, Erica, William B, Alberto, Zack Taylor Organizations: Weather Prediction, Houston Metro, Weather, Atmospheric Administration, Iowa State University, Davis Locations: Georgia, South Carolina, Florida, Houston, Hurricane Florence, North Carolina, Savannah, Ga, Charleston, S.C, “ Charleston, Florence, Baltimore, Boston

The trip highlights the generational gap between Harris and President Joe Biden and former President Donald Trump, Democratic allies said. Noah Lyles wins gold in epic photo finishDimitar Dilkoff / AFP - Getty ImagesLyles earned his first gold medal in 9.79 seconds, which was a personal best. Lyles was still unconvinced he had won the gold medal after finishing and the scoreboard offered no indication of who had won gold, silver or bronze as officials processed a photo finish. Track and field holds four medal events and surfing will finally have its medal day. ▶️ Watch top highlightsDebby makes landfall in Florida as a Category 1 hurricaneHurricane Debby has made landfall in Florida’s Big Bend as a Category 1 hurricane.

Persons: Kamala Harris, Hurricane, Noah Lyles, Harris, John Bazemore, Harris ’, Andy Beshear, Pete Buttigieg, Sen, Mark Kelly of, JB Pritzker, Josh Shapiro, Tim Walz, Joe Biden, Donald Trump, Biden, Trump, “, Nikki Haley, Dimitar Dilkoff, Lyles, Jamaica’s Kishane Thompson, Fred Kerley, Thompson, ” Lyles, Kerley, Peacock, Read, ste, Caro, Ron, Flor, rais e d fear, ron e, Rob e, Ari z, ena, go to a, ake is b, ✦, lea, ree Organizations: Kentucky, Mark Kelly of Arizona ,, Mark Kelly of Arizona , Illinois Gov, Minnesota Gov, Democratic, Trump, Republicans, Getty, Olympic, ust, NBC, POLI Locations: Florida, Mark Kelly of Arizona, Mark Kelly of Arizona , Illinois, Pennsylvania, Philadelphia, AFP, bou, spee, sto

The Shore Acres neighborhood begins to flood from high tide in the Tampa Bay while Tropical Storm Debby approaches the gulf coast, in St. Petersburg, Florida, U.S., on August 4. Octavio Jones/ReutersHigh-water rescues were underway Sunday night in Pinellas County, Florida, as incoming Hurricane Debby whipped up heavy rains, storm surge and dangerous flooding, emergency officials said. Emergency crews in the county, which includes the cities of Clearwater and St. Petersburg, were fielding very high volumes of 911 calls Sunday night. Between 5 to 10 inches of rain have fallen in the area and as many as four more inches are possible. The Sunshine Skyway Bridge — a key transportation artery in Lower Tampa Bay — has been closed “due to high winds and inclement weather,” the Florida Highway Patrol announced.

Persons: Octavio Jones, Debby Organizations: Tropical, Reuters, Emergency, National Weather Service, Sunshine Skyway, Patrol, The Clearwater Police Department Locations: Tampa, St . Petersburg , Florida, U.S, Pinellas County , Florida, Clearwater, St, Petersburg, Pinellas, Manatee, Sarasota, Hernando, Hillsborough, Lower Tampa, Florida

☆ Debby strengthens to Category 1 hurricane, expected to make landfall in Florida
▼ + stars: | 2024-08-05 | by ( Victoria Feng | Victoria Feng Is An Intern On The Nbc News Technology Desk. | ) www.nbcnews.com time to read: +2 min

Tropical Storm Debby has strengthened into a Category 1 hurricane ahead of its anticipated landfall on Florida's Gulf Coast on Monday, U.S. forecasters said late Friday. The hurricane was about 65 miles west of Cedar Key, Florida, and about 100 miles west of Tampa, and moving north at about 12 mph, the center said. Debby is expected to continue strengthening before it reaches the Big Bend coast on Monday, weakening after it moves inland across northern Florida and southern Georgia, it said. A sign warns of a storm surge before the possible arrival of Tropical Storm Debby in Cedar Key, Fla., on Sunday. Ron DeSantis compared Debby’s path to that of Hurricane Idalia, the Category 4 storm in 2023 that caused significant damage in north Florida.

Persons: Debby, Tom Street, Dan Norman, Joe Raedle, Ron DeSantis, Idalia, Debby won’t, DeSantis Organizations: National Hurricane Center, Getty Images Locations: Coast, U.S, Cedar Key , Florida, Tampa, Bend, Florida, Georgia, Cedar Key, Fla, South Carolina, Florida's Gulf Coast, Suwannee, Getty Images Florida

☆ Global stock markets are sliding and investors are holding on to their hats. Here's why.
▼ + stars: | 2024-08-05 | by ( Will Martin | ) www.businessinsider.com time to read: +3 min

Stock markets worldwide are on the slide, with Japan's Nikkei falling more than 12% on Monday. Worse than-expected jobs data in the US last week fuelled recession fears and drove the sell-off. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Fears of a recession in the US jumped after significantly weaker-than-expected July jobs numbers on Friday, which also saw jobs numbers for June revised lower. It's hard to believe such market moves would have occurred in any other month."

Persons: Jim Reid, —, Michael Brown, Pepperstone, Reid, payrolls, Beryl, It's, we're Organizations: Japan's Nikkei, Deutsche Bank ., Service, Nikkei, Deutsche Bank, Federal, Fed, Reuters, of Japan Locations: America, Japan, Tokyo

On Today’s Episode:Harris Faces Party Divisions as She Chooses a Running Mate, by Reid J. Epstein, Theodore Schleifer and Nick CorasanitiMarkets Around the World Are Jolted by Fears of Slowing U.S. Growth, by Daisuke Wakabayashi and River Akira DavisHurricane Debby to Strike Florida’s Big Bend Region, by Isabelle TaftBangladesh’s Prime Minister Seeks to Leave Country Amid Protests, Officials Say, by Mujib Mashal and Saif Hasnat

Persons: Reid J, Epstein, Theodore Schleifer, Nick Corasaniti, Daisuke Wakabayashi, Akira Davis, Debby, Isabelle Taft Bangladesh’s, Mujib Mashal, Saif Hasnat Organizations: Harris Locations: Bend

☆ After 8 years of van life, they were ready to settle down. They bought an abandoned watermill in Portugal to turn into a family home.
▼ + stars: | 2024-08-05 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

Mr and Mrs AdventureAfter returning to the US in 2018, they continued with van life until mid-2020, when they started thinking about settling down. AdvertisementThe first property they viewed was an abandoned watermill in the Algarve, Portugal's southernmost region, and they were immediately smitten. While they're relying on solar energy in their camper, they plan to connect the watermill property to the grid in the future. This watermill project, we have to have other people involved," Drew said. Mr and Mrs AdventureNow, Drew added, even the bathroom in the watermill is about the size of their van.

Persons: —, Brittany, Drew Neumann, Adventure, van, Drew, they're, they've, We're, Ian —, I've Organizations: Service, Business, YouTube Locations: North America, Europe, Africa, Hawaii, Northern California, Arizona, Portugal, Brittany, Algarve, Portugal's, Fort Myers , Florida

The Serbian tennis legend had won all four Grand Slam titles and practically every honor there is in the sport, but the Olympic gold medal had escaped him. Paul Ellis / AFP via Getty ImagesSimone Biles' Olympic medal collection has officially reached double digits. , the American cyclist who didn’t even qualify for the Olympics but is now going home with a gold medal. Racing in a downpour, Julien Alfred won the first Olympic medal in any sport for Saint Lucia on Saturday when she took gold in the women's 100-meter final. the first Olympic medal in any sport for Saint Lucia on Saturday when she took gold in the women's 100-meter final.

Persons: Noah Lyles, Jamaica’s Kishane Thompson, ’ Fred Kerley, Hector Vivas, Lyles, Novak Djokovic, Matthew Stockman, Novak Djokovic couldn’t, Djokovic, Carlos Alcaraz, Simone Biles, Paul Ellis, ”, Biles, hasn’t, “, ” Biles, Suni Lee, Kaylia Nemour, Qiu Qiyuan, David Li, Imane, Hungarian Anna Luca Hámori, ” Khelif, Lin Yu, Thomas Bach, Kristen Faulkner, Bobby Finke, Katie Ledecky can’t, Julien Alfred, Saint Lucia, Sha'Carri Richardson, Kamala Harris, Whom Harris, we’ll, Andy Beshear, Pete Buttigieg, Sen, Mark Kelly of, JB Pritzker, Josh Shapiro, Tim Walz, MAGA, Harris, Nikki Haley, Donald Trump, Trump, Vance, SCOTUS, Neil Gorsuch, Joe Biden's, Debby, Storm Debby, Darren Staples, Keir Starmer, Israel, Ismail Haniyeh, Fuad Shukr, “ They’ll, Michael G Organizations: Paris Olympics, U.S, Olympic, Getty, NBC News Algerian, Team USA, Saint, Paris, Taxi, Philadelphia . Kentucky Gov, Mark Kelly of Arizona ,, Mark Kelly of Arizona , Illinois Gov, Minnesota Gov, Democratic, Republican, GOP, ABC, Fox News, Tropical, National Hurricane Center, NOAA, U.S . Justice Department, Protesters, NBC News, NBC News Companies Locations: Serbian, Paris, Tokyo, Los Angeles, China, Hungarian, Taipei, U.S, Philadelphia . Kentucky, Mark Kelly of Arizona, Mark Kelly of Arizona , Illinois, Pennsylvania, Florida, of Mexico, Rocky, Southern California, Mississippi’s, Nottingham, England, AFP, Southport —, Liverpool, Hull, Israel, Iran, Breakwater, Rockland , Maine, South Florida, Nashville , Tennessee, Atlanta

☆ Here’s Where Debby’s Rains Are Going Next
▼ + stars: | 2024-08-04 | by ( Judson Jones | More About Judson Jones | ) www.nytimes.com time to read: +1 min

As Tropical Storm Debby moves inland off the Gulf of Mexico this week, it is expected to bring intense rainfall and flooding across northern Florida, Georgia and South Carolina. The National Weather Service forecast a rare high risk of excessive rain for the region. Widespread flash flooding and river flooding are expected, with 10 to 20 inches of rainfall along the coast. The most intense rainfall is expected to spread over the area Monday night into Tuesday. “We’re going to be into a catastrophic rain situation,” Kevin Guthrie, the executive director of Florida’s Division of Emergency Management, said at a news conference on Sunday.

Persons: “ We’re, Kevin Guthrie Organizations: National Hurricane Center, National Weather Service, Florida’s, Emergency Management Locations: of Mexico, Florida , Georgia, South Carolina

As Tropical Storm Debby churned through the Gulf of Mexico on Sunday, Lucia Trapani was securing patio furniture and offering refunds to people who had booked stays at the motel she manages on an island off Florida’s northwestern coast. Ms. Trapani had been through this before. Less than a year ago, as Hurricane Idalia approached, she shut off the water and electricity at the Sunset Isle RV Resort, where she worked at the time, and moved campers off the property. The Category 3 storm did so much damage to the resort that it still has not reopened. Storm surge of up to 10 feet was expected in some areas, andmandatory evacuation orders have been issued for parts of Levy County, including Cedar Key, as well as Franklin and Citrus Counties.

Persons: Debby, Lucia Trapani, Trapani, Idalia, Brooke Matthews — Locations: Gulf of Mexico, Cedar, Levy County, Franklin, Citrus Counties

☆ Depression strengthens into Tropical Storm Debby and aims at Florida's Gulf Coast
▼ + stars: | 2024-08-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +2 min

Since Friday, the front developed from a potential tropical cyclone to a tropical depression, and it continues to draw strength from warm, tropical water. Tropical Storm Debby was expected to continue moving north at 15mph and hug Florida's west coast. The outer portions of a tropical system, which later became Tropical Storm Debby, saturates Fort Myers Beach, Fla., on Saturday. The named tropical storm designation means the front has sustained winds of 39 to 73 mph. Debby comes with a hurricane warning and tropical storm warning for the state's west coast from the Suwannee River to the Ochlockonee River, the hurricane center said.

Persons: Debby, saturates, Andrew West Organizations: Tropical, National Hurricane Center, Atlantic, Press, USA Locations: Cuba, Florida, 15mph, Gulf, Mexico, Havana, Apalachee Bay, Big, saturates Fort Myers Beach, Fla, Suwannee

Until then, the front is being called Tropical Depression Four, with the name Debby available should it graduate to tropical storm. Maximum sustained winds of 30 mph kept it below the 39 mph threshold for tropical storm status late Friday, but the National Hurricane Center said it would continue to strengthen. The front graduated from Potential Tropical Depression Four to Tropical Depression Four on Friday night as it gained strength over warm Caribbean waters. It was "expected to become a tropical storm over the southeastern Gulf of Mexico by late Saturday," the hurricane center said in an update late Friday. A tropical storm watch is also in effect for some areas, including the Florida Keys south of the Card Sound Bridge.

Persons: Debby, simmer, Philip Klotzbach Organizations: National Hurricane Center, National Weather Service, Atlantic, Colorado State University Locations: Cuba, Gulf of Mexico, Caibarien, Mexico, Florida, Boca Grande, Tampa

☆ Real estate values in Texas and Florida are being hit by violent weather as insurance costs spike
▼ + stars: | 2024-08-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The rise in violent weather events over the past few years are driving a decline in real estate values in Texas, Florida, and Louisiana, according to a recent note from Capital Economics. Related storiesAccording to data from MSCI, insurance costs in Florida have more than doubled from less than 2% of income receivable in 2017 to 4.5% at the end of 2023. And those higher costs have ultimately helped drag down property values in impacted regions, especially in the multifamily sector. Capital EconomicsBut there has been a sign of hope in that the rate of growth in insurance costs appears to have peaked, according to Pattison. But she says the ongoing trend of violent weather could still exacerbate the issue in the future, further driving real estate values down in the most impacted regions.

Persons: Imogen Pattison, Beryl —, Karen Clark, they're, Pattison, CBRE Organizations: Service, Capital Economics, Business Locations: Texas , Florida, Louisiana, MSCI, Florida, multifamily, Florida , Texas

Tracking Hurricane Debby Leer en españolDebby was a Category 1 hurricane in the Gulf of Mexico late Sunday Eastern time, the National Hurricane Center said in its latest advisory. The hurricane had sustained wind speeds of 75 miles per hour. Debby is the fourth named storm to form in the Atlantic in 2024. In late May, the National Oceanic and Atmospheric Administration predicted that there would be 17 to 25 named storms this year, an above-normal amount. Without El Niño this year, clouds are more likely to tower to the tall heights needed to sustain a powerful cyclone.

Persons: Leer, Debby Organizations: Sunday, National Hurricane Center, Fort Myers, Fort Myers Cedar Key, United States, National Oceanic, Atmospheric Administration, Hurricanes Locations: Gulf of Mexico, Fort Myers Cedar, Fort Myers Cedar Key Tampa, United States

☆ Tropical Storm Debby: Storm making its way towards Florida coast is expected to strengthen
▼ + stars: | 2024-08-03 | by ( Nouran Salahieh | Mary Gilbert | ) edition.cnn.com time to read: +5 min

CNN —A tropical depression making its way towards the Florida coast is expected to strengthen into Tropical Storm Debby Saturday before delivering heavy, flooding rainfall and dangerous storm surge to the state starting this weekend. The storm is expected to enter the eastern Gulf of Mexico on Saturday and become Tropical Storm Debby, according to the hurricane center. Tropical storm conditions could begin Saturday night in parts of southwest Florida. Tropical storm warnings are in effect for the Dry Tortugas and the west coast of the Florida peninsula from East Cape Sable to Boca Grande. Parts of the Florida Keys and parts of the Central Florida coast are also under a tropical storm watch, with officials urging residents there to prepare for tropical storm conditions within the next 48 hours.

Persons: Storm Debby, Ron DeSantis, “ Floridians, Santa Rosa –, “, Michael Brennan, It’s Organizations: CNN, Storm, Hurricane, Tropical, Florida, Fort, Sunshine State, Tampa metros, ” Hurricane, Weather, WPC, Carolinas, Florida Gulf Locations: Florida, Key, Cuba, Mexico, Bend, Gulf, East, Sable, Boca Grande, Suwannee, Central Florida, Fort Myers, Cape Coral, Tampa Bay, South Florida, Orlando, state’s, Escambia, Okaloosa, Santa, Miami, Georgia, Florida –, Florida Gulf Coast, Florida’s Big, Carolinas

☆ Tropical Storm Debby moving through Gulf toward Florida
▼ + stars: | 2024-08-03 | by ( ) www.cnbc.com time to read: +7 min

Marc Serota for ReutersA tropical depression strengthened into Tropical Storm Debby north of Cuba on Saturday and was predicted to become a hurricane as it moves through the Gulf of Mexico on a collision course with the Florida coast. A hurricane warning was in effect for sections of the state's coast with tropical storm warnings for the Florida Keys. Debby is the fourth named storm of the 2024 Atlantic hurricane season after Tropical Storm Alberto, Hurricane Beryl and Tropical Storm Chris, all of which formed in June. We're doing everything that we need to be prepared to face a tropical storm," Tampa Mayor Jane Castor said. "We've been in Florida our whole lives, in South Florida, so hurricanes are not really a big, big thing," Silverman said.

Persons: Hurricane Michelle, Marc Serota, Debby, Tropical Storm Alberto, Hurricane, Chris, Michael Brennan, Mike Prendergast, Idalia, Prendergast, Debbie, Flood, Ron DeSantis, Brian Kemp, We've, Jane Castor, Christina Lothrop, Lothrop, Betti Silverman, Debby didn't, Silverman, Marianne Brinson, Crews Organizations: Continental, Cuba, Reuters, Tropical, National Hurricane Center, Florida Keys, Florida, Florida Panhandle, Florida's, Hurricane Center, Key, National Guard, Georgia Gov, House, FEMA, Tampa, Associated Press, Workers, Tampa Bay Times, Sunshine State Locations: Continental United States, Hurricane, Key West , Florida, South Florida, Cuba, Gulf of Mexico, Florida, Tampa, Bahamas, Florida's Gulf Coast, Miami, Bend, Coast, Florida's West Coast, Georgia , South Carolina, Jacksonville , Florida, Georgia, South Carolina, North Carolina, United States, Gulf, Hernando Beach, Crystal, Steinhatchee, Citrus, Levy, Hernando , Manatee, Pasco, Taylor, Citrus County, St . Petersburg, Silverman's, Idalia, Pinellas, Tallahassee

☆ Tropical Storm Debby forecast to hit Florida this weekend with torrential rain and wind
▼ + stars: | 2024-08-02 | by ( Mary Gilbert | Taylor Ward | ) edition.cnn.com time to read: +5 min

Track the Storm: Spaghetti models and more maps hereIt’s forecast to become a tropical depression by Saturday morning, once it emerges out over the water between Cuba and Florida, and strengthen into Tropical Storm Debby by Saturday evening. Tropical storm watches and warnings have been extended northward in Florida, according to the 5 p.m. The tropical storm warning has been extended along the west coast of the Florida peninsula from Bonita Beach to Boca Grande. Meanwhile, the tropical storm watch has been extended northward from Aripeka to the mouth of the Suwannee River. Parts of the Florida Keys and parts of the Central Florida coast are also under a tropical storm watch, with officials urging residents there to prepare for tropical storm conditions within the next 48 hours.

Persons: Debby –, Debby, Ron DeSantis, Santa Rosa –, It’s, CNN’s Sara Smart Organizations: CNN, National Hurricane Center, Florida, Fort, Tampa Bay, Florida Gov, Tampa metros, Weather, WPC, Carolinas, Florida Gulf, Nature Communications Locations: Florida, United States, Cuba, Bahamas, Bonita Beach, Boca Grande, Aripeka, Suwannee, ., Central Florida, Fort Myers, Cape Coral, Tampa, Mexico, Coast, South Florida, Tampa Bay, Orlando, state’s, Escambia, Okaloosa, Santa, Miami, Georgia, Florida –, Florida Gulf Coast, Florida’s Big, Carolinas

☆ There are cracks forming in the US jobs market
▼ + stars: | 2024-08-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Economic Policy Institute, ” Locations: Oxford

☆ Fed Chair Powell just said the labor market is getting vulnerable. Friday’s jobs report could prove why
▼ + stars: | 2024-08-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, ” Locations: Oxford

☆ 11 US housing markets most at risk from climate change — with annual homeowners insurance premiums up to $10,473
▼ + stars: | 2024-08-01 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Here's what you need to know about home insurance in the age of climate change, as well as the top most at-risk US housing markets. While State Farm recently reversed this decision and agreed to renew the policies, California homeowners must secure fire coverage separately through a state-backed insurance program. Still, climate change-related risks play an undeniable and increasing role in home insurance premium pricing as more insurance providers design their policies to consider extreme weather. AdvertisementThe 11 most at-risk US housing marketsCalifornia is hardly the only state being impacted by climate change. For ease of comparison, the annual insurance premiums shown represent how much a homeowner would pay for $300,000 of dwelling coverage.

Persons: —, Bankrate, It's, We've Organizations: Service, Business, Insurance, National Centers for Environmental, Farm, Golden State Locations: California, East, Golden

☆ Here's everything you need to know about Friday's big jobs report
▼ + stars: | 2024-08-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane Beryl are expected to have taken some of the steam out of hiring. Still, even if the Labor Department's nonfarm payrolls report for July, to be released Friday at 8:30 a.m. "You're seeing just modest on-the-margin weakness in the labor market that [isn't likely to] spiral out of control into a negative feedback loop." Citigroup projects an even lower number — 150,000 on payrolls and a tick higher in the unemployment rate to 4.2%. Should the unemployment rate keep climbing, it could raise fears that the so-called Sahm Rule is in danger of being triggered.

Persons: Hurricane Beryl, nonfarm, Mike Reynolds, Dow Jones, Goldman Sachs, Beryl Organizations: Amerant, Hurricane, Labor, Federal, department's Bureau of Labor Statistics, Citigroup Locations: Florida, Sunrise , Florida, The U.S, department's, Texas, Houston

☆ The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York
▼ + stars: | 2024-07-30 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate's study of the best states to retire in 2024. If you're looking for space to spread out during retirement, Alaska is the largest U.S. state by land area. However, it state ranked poorly across a number of Bankrate's measurements. Here are the 10 worst states to retire, according to Bankrate.

Persons: Bankrate Organizations: Council for Community, Economic Research, U.S . Census Bureau, Tax Foundation, National Oceanic, Atmospheric Administration Locations: U.S, Alaska

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