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"The economy is currently displaying genuine signs of resilience," said Gregory Daco, chief economist at EY-Parthenon in New York. Initial claims for state unemployment benefits decreased 26,000 to a seasonally adjusted 239,000 for the week ended June 24. Continuing claims covered the period during which the government surveyed households for June's unemployment rate. The unemployment rate was at 3.7% in May. GDP consumer contributionEconomists had expected first-quarter GDP growth would be raised slightly to a 1.4% pace.
Persons: Gregory Daco, Unadjusted, Rubeela Farooqi, Jerome Powell, Amira Karaoud, Scott Hoyt, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, Reuters, Financial, U.S, Treasury, REUTERS, Conference Board, Gross, Commerce Department, Thomson Locations: WASHINGTON, EY, New York, Minnesota, Ohio, California, Texas, Pennsylvania, Connecticut, New Jersey, White Plains , New York, Spanish, Madrid, Louisville, U.S, West Chester , Pennsylvania
June 23 (Reuters) - Australian general insurers will repay A$815 million ($550.29 million) to more than 5.6 million consumers due to their systemic failures in delivering on pricing promises, the country's corporate regulator said on Friday. A report published by the Australian Securities and Investments Commission (ASIC) found insurers did not always have adequate oversight and controls over the pricing promises made or delivered by the distributors of their products. Acting upon pricing failures reported since Jan. 1, 2018, ASIC's Deputy Chair Karen Chester said systemic pricing failures were a result of "unnecessary complexity in pricing promises and pricing practices — accounting for the lion's share (at least A$379 million) of the remediation". Back in October 2021, the regulator had directed 11 general insurers, including Insurance Australia Group (IAG.AX), QBE Insurance (Australia) Limited and the local subsidiary of Allianz (ALVG.DE) to complete comprehensive reviews to find, fix, report and repay customers for pricing failures. "It's now up to the boards of general insurers to ensure the prompt and full repayment of the A$815 million owed to their 5.6 million customers, implement the fixes needed and rebuild consumer trust," added Chester.
Persons: Karen Chester, It's, Jaskiran Singh, Krishna Chandra Organizations: Australian Securities and Investments Commission, Insurance Australia Group, QBE Insurance, Allianz, Thomson Locations: Australian, Australia, Chester, Bengaluru
“When we started the program with the Bermuda snails at the zoo, we were just on the edge of extinction of the species,” says Garcia. The greater Bermuda land snail, whose shell measures up to 2.5 centimeters in diameter, shown alongside the lesser Bermuda snail. The hope is that the lesser land snail will follow the greater’s slimy trail. “We’ve been using the greater Bermuda land snail as the surrogate, or the research proxy, assuming that if they do well, the lesser Bermuda land snail will do as well,” says Outerbridge. Scientists have been reintroduced the greater and lesser Bermuda land snails across different islands in the archipelago.
Persons: Gerardo Garcia, Mark Outerbridge, CNN Garcia, , Garcia, , , Outerbridge, Garcia –, CNN “ They’re, We’ve, Pepper Organizations: CNN, Chester Zoo, , Bermuda’s Department of Environment Locations: England, Bermuda, Lesser Bermuda, Port, Hamilton, , Chester, Trunk, Brazil, palmetto
Areas that saw price declines during the pandemic are expected to make a comeback. Metropolitan areas including Anaheim, Seattle, and Sacramento top the list. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home prices increase in the next 12 months, beginning from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp believes we have likely peaked for the year.
Persons: Selma, it's, Selma Hepp, Hepp, Louis Organizations: CoreLogic, Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Selma Hepp, Anaheim, Seattle, Sacramento, West Coast, Metropolitan, Santa Ana, Irvine, Bellevue, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano
The economist Selma Hepp says home prices in some areas are rising because of limited inventory. The US housing market started off on a solid footing this year as home prices rose. In April, prices for single-family homes rose by 2% year-over-year and 1.2% from the previous month, according to CoreLogic's Home Price Index. Below is a list of 51 metropolitan areas expected to see the most home-price increases in the next 12 months, from the highest to the lowest. The CoreLogic HPIFinally, while mortgage rates can be difficult to predict, Hepp said that we had likely peaked for the year.
Persons: Selma Hepp, it's, Hepp, CoreLogic's, Louis, CoreLogic Organizations: Irvine CA Metropolitan, Everett WA Metropolitan Division, Arcade, Statistical, Oakland, Berkeley CA Metropolitan, Metropolitan Statistical, Riverside, Jacksonville FL, Vegas, Paradise, Clearwater FL, Newark, Sanford FL, Angeles, Glendale CA Metropolitan, Palm Beach, Boca Raton, Delray Beach FL, Cambridge, Suffolk County NY Metropolitan, Towson, Metropolitan, Fort Lauderdale, Boston, Scottsdale, Scottsdale AZ Metropolitan Statistical, Miami, Kendall FL Metropolitan, Alexandria DC, Bloomington, Franklin TN Metropolitan, Virginia, Newport News, Livonia MI, Gastonia NC, SC Metropolitan, West Allis WI Metropolitan, Philadelphia PA Metropolitan, Kansas City, KS Metropolitan, Providence, Richmond VA Metropolitan, Cincinnati, Pittsburgh PA, Oklahoma City, Cleveland, Elyria, NJ, Columbus OH, Houston, Indianapolis, Arlington TX Metropolitan, Dallas, Irving TX Metropolitan Locations: Anaheim , California, Seattle, Sacramento , California, West Coast, Metropolitan, Anaheim, Santa Ana, Irvine, Bellevue, Sacramento, Roseville, Hayward, Berkeley, Portland, Vancouver, Hillsboro, San Bernardino, Ontario, Diego, Carlsbad CA, Denver, Aurora, Lakewood, Henderson, Tampa, St, Petersburg, Clearwater, Newark NJ, Orlando, Kissimmee, Sanford, Long, Glendale CA, Palm, Delray Beach, Newton, Framingham, Nassau County, Suffolk, Baltimore, Columbia, Pompano Beach, Deerfield Beach FL, Mesa, Scottsdale AZ, Miami, Kendall, Montgomery County, Bucks County, Chester County, Washington, Arlington, Alexandria, Sandy Springs, Roswell, Minneapolis, Paul, WI, Murfreesboro, Virginia Beach, Norfolk, Detroit, Dearborn, Livonia, Charlotte, Concord, Gastonia, Milwaukee, Waukesha, Warwick, Chicago, Naperville, Arlington Heights IL, Troy, Farmington Hills MI, Antonio, New Braunfels TX, York, Jersey, White Plains, Carmel, Worth, Plano
The US didn't always have the clean air many of us are used to. This week I didn't expect my texts to be about air quality. New Yorkers and others are getting a taste of what it can be like to live in Doha, Qatar, and Shanghai, where at least air pollution appears to be improving. When the first Earth Day took place in April 1970, air pollution was a major problem in most US cities. Those actions have since made such a difference that many of us are now shocked by what poor air quality looks like.
Persons: , I'm, he'd, Spriha Srivastava, Eric Adams, Julia LeMense, wasn't, Nixon, Robert Kremens, Rachel Carson's, Kremens, I've Organizations: Service, Yorkers, . New York, Wednesday, World Health Organization, Chester, Carlson Center, Imaging Science, Rochester Institute of Technology, Act Locations: York, New York, New York City, Manhattan, Detroit, Washington, Lahore, Pakistan, Hotan, China, Bhiwadi, India, Delhi, , New York City, . New, it's, Doha, Qatar, Shanghai, Donora , Pennsylvania, Cleveland, LA, Rochester , New York, Montana, Utah
Why is the US dollar so strong again?
  + stars: | 2023-05-18 | by ( Harry Robertson | ) www.reuters.com   time to read: +4 min
LONDON, May 18 (Reuters) - If investors agree on one thing this year, it's that the dollar is going to fall. The go-to explanation of currency strategists right now is the debt-ceiling debacle is boosting the dollar. Traders currently expect the U.S. central bank to cut interest rates sharply later this year as a recession takes hold, yet Tan is skeptical. If the dollar rises slightly, some traders may be forced to close out their short positions by buying the dollar, which then boosts its value. But a simple technical indicator is that it is very atypical for you to have a straight-line decline in the dollar."
Does British tourism really need the royal family?
  + stars: | 2023-05-15 | by ( Ross Bennett-Cook | ) edition.cnn.com   time to read: +5 min
CNN —Love them or loathe them, the royal family are up there with red telephone boxes and scones when it comes to images of Britishness. The royal family does bring tourism to the UK. But if the royal family were to disappear, would the UK’s tourism industry suddenly implode? And while the international perception of Britain is certainly intertwined with the royal family, this does not tell us whether a reigning royal family is necessary for tourism. After all, the history surrounding the monarchy and places associated with them would still be here even if the royal family was not.
REUTERS/Evelyn HocksteinLONDON, May 15 (Reuters) - A musical based on hit novel “The Time Traveller's Wife” is coming to London’s West End this autumn in a new theatrical adaptation featuring music and lyrics by Grammy Award winners Dave Stewart and Joss Stone. “The Time Traveller's Wife: The Musical,” about the relationship between artist Clare and her husband Henry who has a genetic disorder causing him to travel through time, will open at the Apollo Theatre in November after premiering last year in the British city of Chester for a short run. The musical is based on U.S. author Audrey Niffenegger’s 2003 debut novel, which has previously been turned into a film and television series. Stewart, 70, and Stone, 36, have long collaborated together, but writing songs for a musical brought new challenges. While Stewart previously worked on a musical adaptation of the film "Ghost," "The Time Traveller's Wife" was Stone's first foray into writing songs for a musical.
A fighter jet landed on the USS Nimitz for the 350,000th time — a historic milestone. The aircraft carrier became the first in active service to hit that mark after 48 years in the Navy. Aircraft carrier USS Dwight D. Eisenhower has recorded 326,600 arrested landings, the next highest total. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr.
In an often brutal and bleak world, the recent resurgence of Wrexham, the city as well as the soccer club, lifts the soul. The Turf pub is a must-see for Wrexham fans. But now, there’s Wrexham with a story that, in hindsight, feels as if it was just waiting for Hollywood. One of Wrexham city center's shopping areas, pictured on April 22. Wrexham fans celebrate on the pitch after their team beat Boreham Wood at the Racecourse Ground.
There is no evidence that oil tycoon John D. Rockefeller’s late grandson Laurance Rockefeller, White House adviser John Podesta and late Linkin Park lead singer Chester Bennington are directly related, contrary to rumors on social media. An image circulating online, which shows black-and-white photographs of the three men, reads: “This is Laurence (sic) Rockefeller, his son pedophile John Podesta, and his son, Linkin Park frontman Chester Bennington. Reuters found no evidence that Rockefeller, Podesta and Bennington are related. The Linkin Park frontman died by suicide in July 2017 (here), (here). There is no evidence Laurance Rockefeller, John Podesta and Chester Bennington are related.
Fact Check-No evidence a 50-foot snake exists
  + stars: | 2023-04-10 | by ( Reuters Fact Check | ) www.reuters.com   time to read: +2 min
According to experts, the longest snakes recorded have reached lengths of around 20 feet. “I have never heard of an extant (currently living) species of snake that can grow this long. Smithsonian Magazine reported that boas can be up to 14-feet-long and anacondas could exceed 20 feet ( bit.ly/3U5K9kf ). The Natural History Museum of London says on its website that the reticulated python reaches sizes over 20 feet. The biggest snakes recorded are up to 20 feet long, according to experts.
Rupert Murdoch and Ann Lesley Smith call off engagement
  + stars: | 2023-04-04 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Rupert Murdoch at the U.S. Open in New York, September 2017. REUTERS/Mike SegarApril 4 (Reuters) - Media mogul Rupert Murdoch and former San Francisco police chaplain Ann Lesley Smith have called off their engagement, a source confirmed on Tuesday. Murdoch and Smith, 66, met in September at his vineyard Moraga in Bel Air, California, and he called her two weeks later, Murdoch told News Corp-owned New York Post, which broke the news of the engagement. On March 17 in New York, Murdoch presented Smith with an Asscher-cut diamond solitaire ring, according to the Post. I’m happy,” Murdoch told the Post at the time.
New York CNN —The media wedding of the summer is no more. Billionaire right-wing media mogul Rupert Murdoch and Ann Lesley Smith have called off their engagement just weeks after announcing they would be tying the knot, a person familiar with the matter told CNN. On March 20, Cindy Adams, who writes a gossip column for Murdoch’s New York Post tabloid, reported the two had become engaged. “I dreaded falling in love — but I knew this would be my last,” Murdoch told Adams at the time. Murdoch is the chairman of Fox Corp. and executive chairman of News Corp.It’s unclear what happened between Murdoch and Smith since the engagement was announced.
A waterfront area in Battery Park City, which is at the center of a major climate resilience project. Emma Newburger | CNBCWagner Park, a cherished waterfront greenspace in Battery Park City, boasts unobstructed views of the Statue of Liberty and New York Harbor. Wagner Park will soon be demolished and built ten feet higher as part of the Battery Park City Resiliency Project. "The Wagner Park plan has gotten some critical attention from a few, but it's also gotten a lot of support." "This community is going to be fine one way or the other," Pawlowski said of Battery Park City.
And Mr. Adams, an executive director in cybersecurity for Comcast, was tied down by his job. The pandemic, too, had changed the landscape: Mr Adams was largely working remotely and was free to move. “We thought, are we going to be able to swing it?” Ms. Adams said. “We needed to be near Pepperdine,” Ms. Adams said, adding that other requirements included ample parking (the family has several cars), storage space and a yard. They also wanted at least three bedrooms, two bathrooms and enough space for Mr. Adams to work from home.
Media mogul Rupert Murdoch is getting married for the fifth time, at the age of 92. The New York Post is one of the many publications that the Australian-born American billionaire owns. Murdoch married Hall in 2016. Murdoch told Adams that he was "very nervous" about falling in love again. Murdoch's media empire includes publications like The Wall Street Journal, Fox Corp, the New York Post, HarperCollins publishers, and more.
Rupert Murdoch is engaged to Ann Lesley Smith
  + stars: | 2023-03-20 | by ( Toyin Owoseje | ) edition.cnn.com   time to read: +1 min
CNN —Billionaire media mogul Rupert Murdoch is preparing to walk down the aisle for the fifth time. The 92-year-old tycoon revealed he’s engaged to marry Ann Lesley Smith in an article published Monday in the New York Post, one of his own publications. Smith was previously married to Chester Smith, a country singer and radio and TV executive, who died in 2008. Murdoch was previously married to former flight attendant Patricia Booker, journalist Anna Murdoch and entrepreneur Wendi Deng. CNN has reached out to representatives of Murdoch and Smith for further comment.
Media mogul Rupert Murdoch engaged to Ann Lesley Smith
  + stars: | 2023-03-20 | by ( Helen Coster | ) www.reuters.com   time to read: +2 min
[1/2] Tennis - US Open - Mens Final - New York, U.S. - September 10, 2017 - Rupert Murdoch, Chairman of Fox News Channel stands before Rafael Nadal of Spain plays against Kevin Anderson of South Africa. REUTERS/Mike Segar/March 20 (Reuters) - Fox Corp (FOXA.O) Chairman Rupert Murdoch is engaged to former San Francisco police chaplain Ann Lesley Smith, his spokesperson confirmed on Monday, which will mark the fifth marriage for the 92-year-old media mogul. Murdoch and Smith, 66, first met in September at his vineyard Moraga in Bel Air, California, and he called her two weeks later, Murdoch told the News Corp-owned NY Post, which broke the news of the engagement. Smith is a widow whose late husband was Chester Smith, a country singer, radio and TV executive. On March 17 in New York, Murdoch presented Smith with an Asscher-cut diamond solitaire ring, according to the Post.
Twala holds South African citizenship, has lived in the UK since 2004 and is father to a British son. The UK Home Office has not responded to a request for comment Reuters made on Saturday. 'BAD DREAM'Twala said his son, Mason, was in shock when he heard that his father could not board the plane. After receiving a family court order for the part-time custody of his son, Twala said he believed he could travel outside the country. "It just feels like I'm in a bad, bad dream," Twala said, adding that he's had "dark" thoughts throughout his time stranded in Turkey.
He joins junior doctors across England who will go on strike on March 13 for three days, protesting over pay and burnout that risks driving staff out of the health service as it tackles record-high patient waiting lists. "We've reached a boiling point where we have had enough," said Wang - a council member of the British Medical Association (BMA), which represents doctors and medical students. Junior doctors are qualified physicians, often with several years of experience, who work under the guidance of senior doctors and represent a large part of the country's medical community. The BMA says junior doctors' take-home pay has been cut by more than a quarter over the last 15 years, when using the Retail Price Index (RPI) gauge of inflation. The walkouts by junior doctors will put more pressure on the state-funded National Health Service (NHS) which is experiencing waves of strike action by nurses, ambulance workers and other staff.
After languishing on the market for years, late oil tycoon T. Boone Pickens' massive Texas ranch has finally found a buyer. Mesa Vista RanchIn 2017, the late oil magnate listed his ranch in the Texas Panhandle, northeast of Amarillo, for $250 million. Five years later, the estate was sold — but for $60 million less than its listed price. But on January 14, 2020, the property received a $30 million price cut, reported Mansion Global. In late November, Pickens' estate finally sold, but at a further reduced price, Jay Rosser, a longtime representative for Pickens, told Insider.
Vanessa Bryant, the widow of late NBA legend Kobe Bryant, has reached an almost $30 million settlement with Los Angeles County over photos taken of the scene of the deadly 2020 helicopter crash, an attorney for the county said. The settlement is for $28.85 million and resolves all claims involving the county, Mira Hashmall, lead trial counsel for Los Angeles County in the case, said in a statement. Los Angeles Lakers icon Kobe Bryant, 41; his 13-year-old daughter Gianna Bryant; and seven other people died in the crash in Calabasas, near the Southern California coast, northwest of Los Angeles. The almost $30 million settlement includes the $15 million awarded to Vanessa Bryant by a jury in August, Hashmall said. The Los Angeles County Board of Supervisors approved the settlement, she said.
Americans can access free credit reports from the credit bureaus every week until the end of 2023. However, since April 2020, Americans have been allowed to check their credit reports for free once per week. A Consumer Reports survey found that 34% of consumers have found an error on at least one of their credit reports. Weekly credit reports frequently asked questions (FAQ)Will checking my credit report every week lower my credit score? Because consumers can request their credit reports every week, credit monitoring services aren't nearly as necessary as they were pre-pandemic.
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