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☆ Fears grow Fed is too late to cut rates as bets increase for a half-point easing at next meeting
▼ + stars: | 2024-08-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"A 50 basis point Fed cut in September is clearly justified as the labor market is now showing clear signs of softening," said Yung-Yu Ma, chief investment officer at BMO Wealth Management. The firm, which has long been saying the Fed will need to cut aggressively this year, expects another 50 basis point cut in November by a 25 basis point cut move in December. A basis point is 0.01 percentage point. The S & P 500 lost more than 2.5% and Treasury yields plummeted, sending the policy-sensitive 2-year note down more than a quarter percentage point to 3.91%. "It's very possible the Fed alters its inter-meeting communications on the balance of risks to remove all doubt [of] a September rate cut."

Persons: Yung, Yu Ma, David Donabedian, Preston Caldwell, David Rosenberg, Jerome Powell, Jamie Cox Organizations: Federal Reserve, Fed, Labor Statistics, BMO Wealth Management, Wall, Citigroup, CIBC Private Wealth, Morningstar, Rosenberg Research, Harris Financial

☆ A murderous ghost haunted an exclusive Jamaican resort for centuries. But could she survive a paranormal investigation?
▼ + stars: | 2024-08-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +15 min

Tucked between the towering Blue Mountains and azure Caribbean Sea, the White Witch Golf Course is 6,758 yards of green serenity in one of Jamaica's bubbliest resort towns. Rose Hall Developments Rose Hall Great House is the jewel in the estate's crown, a plantation mansion that had fallen into ruin before American businessman John Rollins purchased the 7,000-acre plot in the 1960s and restored the building to its colonial-era opulence. Rose Hall DevelopmentsAnnie supposedly murdered her husband to assume ownership of Rose Hall, which she went on to run with an iron fist. You can’t miss it.”Palmer's ghost is said to roam the fairways of the White Witch golf course on horseback. The White Witch course – which had cost some $8.5 million to build – was forced into contingency planning, but rebounded over the subsequent decade.

Persons: Johnny Cash, Rose, Annie Palmer, ”, Cash, Cinnamon, ” Cash, Rose Hall, White, John Rollins, Rollins, Edward Burke, Anna Nordqvist, Kevin C, Cox, Usain Bolt, James Bond superfans, Roger Moore, Bond, Baron Samedi, Keith Stein, Stein, it's, Palmer, Baron, James Bond, Annie Mary Paterson, Paterson, John Palmer, Hall, Hall Developments Annie, ” Stein, Takoo, Playtime, “, Benjamin Radford, Radford, Rose Hall’s, ” Radford, can’t, –, Waddell, James Castello, Herbert G, Geoffrey S, Yates, Rosa Palmer, Kelly, née Paterson, ” Palmer, “ She’s, “ it’s Organizations: CNN, Rose Hall Great House, Rose Hall, Rose, Rose Hall Developments Rose, Great, Jamaica LPGA, White Witch, Hall Developments, Inquirer, Jamaica Archives Locations: Caribbean, Montego Bay, American, Swedish, Toronto, Montego, Haiti, British, ”, Jamaica, Delaware, Palmyra, Bonavista, Jamaican, “, Inverness

☆ Markets are clamoring for the Fed to start cutting soon: 'What is it they're looking for?'
▼ + stars: | 2024-08-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Federal Reserve Chairman Jerome Powell arrives to speak at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are getting impatient for dinner to be served. Claudia Sahm, chief economist at New Century Advisors, said on CNBC just after the Fed concluded its meeting Wednesday. The Fed needs to start that process back gradually to normal, which means gradually reducing interest rates." If the inflation job is done, or we're on that glide path, it's OK, the Fed can start stepping aside."

Persons: Jerome Powell, William McChesney Martin Jr, Claudia Sahm, Sahm Organizations: Federal Reserve, New Century Advisors, CNBC, Fed Locations: Washington , DC

☆ When ICE Agents Use Deadly Force, the Shootings Go Unprosecuted.
▼ + stars: | 2024-08-01 | by ( Lila Hassan | ) www.businessinsider.com time to read: +46 min

AdvertisementYet when and how ICE agents use deadly force has long been shrouded in secrecy. ICE agents shot people in public places, such as traffic intersections and strip-mall parking lots. Yet in over half of the shootings we identified, ICE agents never made an arrest. But Ramos still became one of dozens of people on the receiving end of an ICE agent's deadly force. A significant number of the shootings documented in the logs happened while ICE agents were off-duty or in plain clothes.

Persons: Nemesia Martinez, wouldn't, Martinez, Gabino Ramos Hernandez, Ramos, Ramos wasn't, Soledad Ramos Hernandez, Ramos's, Soledad, Timothy Ivy, Donald Trump, We've, Ramos —, Chuck Wexler, haven't, Genia, Miguel Alvarez, Alvarez, Jake Driskell, Driskell, Phillip Causey, Causey, Laurel Police Department Ramos, gurney, Mario Bass, Bass, Prince William, Bryan Cox, Bradley Epley, Epley, Rueben Coray, Hector Santana, Santana, who'd, Othello Jones, Jones, Johnathan Liddell, Douglas, Ryan Leonard, Joe Biden, García Ramos, it's, they're, he'd, Leo Clemons, Doctors, Clemons, Ramos moans, wasn't, Bailey C, Martin, Prince William County, HSI, Chris Baroni, Ronaldo Gonzalez, Gonzalez, Baroni, Jerry Robinette, General, OPR, Gretta Goodwin, Robinette, doesn't, Goodwin, Tommy Cox, Donald Trump's, reining, Jennifer Chacón, Biden, Timothy Cerniglia, Cerniglia, Hernandez's, hasn't, Business Insider Ramos, He's, Loevy Organizations: Investigations, Business, Customs, Laurel, Facebook, ICE, Immigration, Homeland Security Investigations, New York City Police Department, Los Angeles Police Department, Department of Homeland Security, Police, Research, New, Immigrant Defense, DHS, Border Patrol, Laurel Police Department, Mississippi Bureau of Investigation, Nissan, Ramos, FBI, Justice Department, Denver, Phoenix, Border Protection, Maricopa County Attorney's Office, General's, Department of Justice, Force, Ohio State University Moritz College of Law, Mississippi Bureau of, MBI, Laurel Police, NBC, Sheriff's, ICE's Homeland Security Investigations, Scottsdale police, Howard Center, Investigative Journalism, Arizona State University, Attorney's, Federal Homeland Policy, Maricopa County DA, Firearms, ICE's, Homeland Security, Justice, DHS's Office, Army, Center, New American Security, Congress, Stanford Law School, Ohio State Law, Trump, White, GAO, Service, Biden's, Ohio State, Business Insider, Fund, Journalism Locations: Jackson, Laurel, Laurel , Mississippi, Woodbridge , Virginia, New York, Puebla, Mexico, Mississippi, United States, Arizona, Phoenix, Dumfries , Virginia, Nashville, Denver, arm's, Maricopa, Mesa , Arizona, Maricopa County, Lithia Springs , Georgia, Soledad, Metairie , Louisiana, Jefferson, Virginia, Scottsdale , Arizona, Scottsdale, Chula Vista , California, Washington , DC, Africa, New American, Oaxaca

☆ 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

☆ It turns out that bad news for the economy may actually be bad news for the stock market
▼ + stars: | 2024-08-01 | by ( John Melloy | ) www.cnbc.com time to read: +3 min

There was a perverse view this year that bad economic news was actually good news for the stock market, as the heat coming off the economy would give the Federal Reserve the greenlight to cut interest rates. This made some sense with inflation for the first time in a while becoming the primary market bogeyman over a slowing economy. Announced layoffs last month were the highest for any July in more than two decades, outplacement firm Challenger, Gray & Christmas reported. Investors got what they thought they wanted, with the 10-year Treasury yield breaking below 4% for the first time since February. Even tech stocks found themselves in the red as they too, may be hurt more by a slowing economy, than their valuations are boosted by lower rates.

Persons: Jerome Powell, Chris Rupkey, Adam Crisafulli, Dow Jones, Yun Li, Jeff Cox Organizations: Federal Reserve, Institute for Supply Management, Investors, Dow Jones, Dow, JPMorgan Chase, Caterpillar, Vital Knowledge Locations: U.S

It’s been a year since interest rates reached a two-decade high, but they may soon begin to reverse course. The Federal Reserve is expected to hold its benchmark interest rate steady on Wednesday, while signaling that a cut is possible when policy-setting officials meet again in September. If interest rates are elevated for too long, they risk weakening the employment picture. The central bank uses interest rates to influence the broader economy. Home-equity lines of credit and adjustable-rate mortgages — which each carry variable interest rates — generally rise within two billing cycles after a change in the Fed’s rates.

Persons: It’s, ” Jonathan Smoke, that’s, Freddie Mac, ”, Sam Khater, —, “ Banks, Ken Tumin Organizations: Federal, “ Manufacturers, Cox Automotive, Treasury, Savings Vehicles Locations: Edmunds

☆ Private payroll growth slowed to 122,000 in July, less than expected, ADP says
▼ + stars: | 2024-07-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday. Companies added just 122,000 jobs on the month, the slowest pace since January and below the upwardly revised 155,000 in June. Several sectors reported net losses on the month. The ADP report comes two days before the Labor Department's Bureau of Labor Services releases its nonfarm payrolls count, which, unlike the ADP tally, includes government jobs. The two reports can differ substantially, with ADP overshooting the BLS estimate of 136,000 for private payrolls in June.

Persons: Dow Jones, Nela Richardson Organizations: FedEx, Broadway, Companies, ADP, Federal, Labor Department's Bureau of Labor Services Locations: New York City, Midwest

☆ These income plays could do better than money market funds when the Fed cuts rates
▼ + stars: | 2024-07-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Cash has poured into money market funds since the Federal Reserve began its rate hiking cycle. Short-term debt has been a popular investment over the past few years, and money market funds are a top example. For perspective, there was roughly $4 trillion in total money market funds as of the fourth quarter of 2019, according to the St. Louis Fed . Money market funds hold very short-term debt, and many currently offer a yield above 5%. "Historically, you don't tend to see money market inflows stop or convert to outflows until you get below say 3% on those rates.

Persons: Cash, Louis Fed, Sam Huszczo, Huszczo, Todd Sohn, Ken Brodkowitz, weren't, Brodkowitz, Strategas, Sohn, " Sohn, Callie Cox, Cox Organizations: Federal Reserve, Investment Company Institute, SGH Wealth Management, Federal, Bond, SEC, Gries Financial Partners, Fidelity, Income, Morningstar, US Treasury, Ritholtz Wealth Management, Ritholtz Locations: Detroit , Michigan, BlackRock

☆ Fed holds rates steady and notes progress on inflation
▼ + stars: | 2024-07-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

watch nowWASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts. They also preserved a declaration that more progress is needed before rate reductions can happen. "In recent months, there has been some further progress toward the Committee's 2 percent inflation objective." Price pressures off 2022 peakEconomic data of late has indicated that price pressures are well off the boil from their peak in mid-2022, when inflation hit its highest level since the early 1980s. The Fed's preferred measure, the personal consumption expenditures price index, shows inflation around 2.5% annually, though other gauges indicate slightly higher readings.

Persons: Jerome Powell, Powell, Stocks, Price Organizations: WASHINGTON – Federal, Gross

☆ Opinion | The Election of Divorced Men vs. All the Single Ladies
▼ + stars: | 2024-07-31 | by ( Jessica Grose | ) www.nytimes.com time to read: +1 min

The gist, vis-à-vis relationship status, was that in every category more women than men identify as Democrats, with the biggest gap existing among divorced Americans. According to Gallup, Cox writes, “A majority (54 percent) of divorced men identify as Republican compared to 41 percent of divorced women,” the largest gender gap among divorced people in two decades. As my colleague Thomas Edsall noted in May, in recent years there’s also a yawning gender gap among young voters, with young women becoming increasingly Democratic and young men becoming increasingly Republican. Edsall quoted the Democratic pollster Celinda Lake, who cites Donald Trump’s “chaotic and divisive style” and lack of respect, among the reasons that young women have been fleeing the G.O.P. Young women, Lake said, “want stability and are very concerned about division and the potential for violence.”All this data was collected when Joe Biden was on course to be the Democratic presidential nominee.

Persons: “, ”, Daniel Cox, Cox, Thomas Edsall, there’s, Edsall, Donald Trump’s, Lake, Joe Biden, Kamala Harris, JD Vance Organizations: Republican Party, Trump, Survey Center, Gallup, Democratic Locations: Young

☆ Here's everything you need to know about the Fed decision coming Wednesday
▼ + stars: | 2024-07-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Market pricing currently indicates an absolute certainty that the Fed will approve its first reduction in more than four years — when it meets Sept. 17-18. They don't want investors to start pricing in a rate cut coming in September and there's literally nothing else that could possibly happen," he said. "Opening the door for that rate cut is probably the most appropriate thing for them at this point," Reynolds added. Expectations for easingGlenmede expects that starting in September, the Fed could cut at each of the three remaining meetings. The Fed will not provide an update on its quarterly summary of economic projections at this meeting.

Persons: Jerome Powell, Chris Kleponis, they've, Michael Reynolds, Reynolds, there's, it'll, Powell, Goldman Sachs, David Mericle, Mericle, Bill English, We've Organizations: Banking, Housing, Urban, Capitol, AFP, Getty, Glenmede, Fed Locations: Washington ,, Yale, Jackson Hole , Wyoming

☆ Tesla is having trouble wooing new EV shoppers
▼ + stars: | 2024-07-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

That's bad news for Tesla, especially as a yearlong slowdown in EV demand is beginning to impact the EV leader's sales. That's off from 55% share a year ago and nearly 80% market share back in 2020, according to Experian data. AdvertisementThat leaves a potential opening for traditional automakers at a time when the EV market is getting tougher. That's already helped the brand chip away at Tesla's market share. And at Ford, EV sales were up 61% in the second quarter, trailing only Tesla in sales so far in 2023.

Persons: —, Tesla, Elon, Power, Frank Hanley, That's, Hanley Organizations: Service, JD Power, Business, Cox Automotive, EV, Chevrolet, Silverado, Ford

☆ Stock futures rise slightly ahead of loaded week for tech earnings
▼ + stars: | 2024-07-28 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures rose modestly on Sunday evening as Wall Street gears up for a busy week of corporate earnings. S&P 500 futures gained 0.2%, while Nasdaq 100 futures added 0.3%. The move in futures comes after a volatile week in the stock market. This week's earnings slate will play a role in determining whether tech stocks can now bounce back. Another key event this week will be the Federal Reserve meeting, with the central bank set to release a new policy statement on Wednesday.

Persons: Russell, it's, Callie Cox Organizations: Dow Jones, Nasdaq, Dow, Ritholtz Wealth Management, Microsoft, Meta, Apple, Federal Reserve

☆ Missing Henry VIII portrait spotted on X by eagle-eyed historian
▼ + stars: | 2024-07-27 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +4 min

London CNN —An art historian has identified a missing portrait of King Henry VIII after spotting it on social media. It showed a gathering at a reception in Warwick’s Shire Hall, where Warwickshire County Council is based. The distinctive frame was one of the features that helped identify the painting as the missing portrait of Henry VIII. His focus was on the background where, hanging on a wall, was what he suspected was a missing portrait of the Tudor monarch Henry VIII. In a telephone call with CNN, Busiakiewicz revealed that this was not the first discovery he had made thanks to social media.

Persons: King Henry VIII, Adam Busiakiewicz, Tim Cox, Warwickshire –, Henry VIII, Busiakiewicz wasn’t, Busiakiewicz, Aaron Manning, Ralph Sheldon, ”, ” Busiakiewicz, Sheldon, Henry Shaw, Joan Carlile, Manning, “ Adam, Aaron, Ralph Sheldon’s Organizations: London CNN, British, Weston, CNN, “, Warwickshire County Council, Hall, Museum Collections Locations: British, Warwickshire, English, Warwick’s Shire, Warwick's, Weston, Warwick’s

☆ Fed’s key inflation gauge rose 2.5% in June from a year ago, in line with expectations
▼ + stars: | 2024-07-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Fed officials use the PCE measure as their main baseline to gauge inflation, which continues to run above the central bank's 2% long-range target. An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. Core inflation, which excludes food and energy, showed a monthly increase of 0.2% and 2.6% on the year, both also in line with expectations. Goods prices fell 0.2% on the month, while services increased 0.2%. The report also indicated that personal income rose just 0.2%, below the 0.4% estimate.

Persons: Dow Jones Organizations: Commerce Department, Federal Reserve, Fed

☆ Markets now pricing in three rate cuts before the end of the year following better inflation news
▼ + stars: | 2024-07-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Improving news on inflation again has raised investors' hopes that the Federal Reserve soon will start to aggressively lower interest rates. Futures market pricing now indicates that while the Fed will remain on hold at next week's policy meeting, it will commence cutting in September and move again in November and December. The market-implied probability for a September cut nudged up to about 90% Friday morning, according to the CME Group's FedWatch Tool that measures fed funds futures pricing. Traders in early 2024 were pricing in at least six cuts this year, but the central bank's rate-setting group has remained on hold for a year. Following the two-day meeting that concludes next Wednesday, the Fed meeting schedule is empty for August, save for the all-important annual conclave in Jackson Hole, Wyoming.

Persons: Joseph Brusuelas, —, Jerome Powell, Christopher Waller Organizations: Federal Reserve, Friday's Commerce Department, RSM, Traders, Federal Open, Fed Locations: Jackson Hole , Wyoming

☆ U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
▼ + stars: | 2024-07-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Real gross domestic product , a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for growth of 2.1% following a 1.4% increase in the first quarter. Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. The so-called chain-weighted price index, which takes into account changes in consumer behavior, increased 2.3% for the quarter, below the 2.6% estimate. There also is pressure in the housing market: Sales are declining while home prices continue to climb, putting pressure on first-time homebuyers.

Persons: Dow Jones Organizations: Commerce Department, Stock, Federal Reserve, Fed, Philadelphia Federal Locations: U.S

☆ Takeaways from latest GDP report showing US economy is making history
▼ + stars: | 2024-07-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Separate data on spending shows that American shoppers are still shopping. That measure strengthened in the second quarter, rising to a 2.9% rate compared to 2.6% seen earlier this year. Generally, one risk that comes with an economy that’s expanding robustly is that price pressures can either get stuck or heat up. Businesses are still spending, but less on thisBusinesses invested much more in the second quarter than in the first three months of the year. The measure for that — known as “nonresidential fixed investment” — rose to a 5.2% rate in the second quarter, up from 4.4% in the first quarter.

Persons: That’s, pare, ”, Jamie Cox, ” Scott Helfstein, ” Oren Klachkin Organizations: Washington CNN, Gross, Commerce Department, Federal Reserve, PCE, Harris Financial Group, “, Nationwide

☆ Why an indicator that has foretold almost every recession doesn't seem to be working anymore
▼ + stars: | 2024-07-24 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

According to the New York Federal Reserve, which uses the 10-year/three-month curve, a recession should happen about 12 months later. The inversion is not aloneMaking the situation even more complicated is that the yield curve isn't the only indicator showing reason for caution about how long the post-Covid recovery can last. But the rate dynamics have helped companies escape what usually happens in an inverted curve. With an inverted curve hitting their net interest margins, banks may opt to lend less, causing a pullback in consumer spending that can lead to recession. This could provide something of a self-fulfilling prophecy for the yield curve.

Persons: Alex Kent, hasn't, —, there's, it's, Mark Zandi, It's, Joseph LaVorgna, SMBC, Quincy Krosby, We've, Jim Paulsen, Paulsen, That's Organizations: New York Stock Exchange, Bloomberg, Getty, Moody's, New York Federal Reserve, SMBC Nikko Securities, Gross, National Bureau of Economic Research, Commerce Department, LPL, Federal Reserve, Fed Locations: New York, SMBC Nikko, Wells Fargo

☆ Tesla's cars are starting to look pretty basic — and that's a problem
▼ + stars: | 2024-07-24 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

But people looking for a flashy new design in Tesla's more traditional car lineup are stuck waiting for now. The Model S and Model X used to be the ultimate status symbol. In 2020, TikTok star Addison Rae made headlines when she was spotted in her bright pink Tesla Model X. And the design of the Model S and Model X hasn't been meaningfully updated since 2021. "If you start announcing some great thing, it affects our near-term sales," Musk said on Tuesday.

Persons: —, Tesla, Addison Rae, Brian Moody, Elon Musk, Tesla's, Edmunds, Ivan Drury, that's, Moody, Musk, Osborne, Stephanie Valdez, Valdez, Streaty Organizations: Service, Business, Cox Automotive, Streaty, Cox Automotive Industry, EV

☆ Salt Lake City to host 2034 Winter Games while French Alps get tentative 2030 nod
▼ + stars: | 2024-07-24 | by ( David K. Li | ) www.cnbc.com time to read: +3 min

International Olympic Committee President Thomas Bach with Salt Lake City Utah delegation members after it was announced that Salt Lake City Utah will be the location for the 2034 Winter Olympics. PARIS — The Winter Games will make a return visit to Salt Lake City in 2034 while the 2030 Olympics were tentatively set for the French Alps, officials said Wednesday. "The last 10 days of my life were totally unexpected," Fraser Bullock, head of the Salt Lake City bid, told NBC affiliate KSL minutes after the vote for Salt Lake City. But with an 83-6 vote for Salt Lake City to host, Bullock said he believes the IOC has total confidence in 2034 organizers. The naming of Salt Lake City and French Alps as the next two winter sites had been in the works for months, with only moderate concerns rooted in France's snap elections.

Persons: Thomas Bach, PARIS —, Spencer Cox, Erin Mendenhall, Peacock, Fraser Bullock, Bullock, Utahans, Kaitlin Eskelson, it's, Emmanuel Macron Organizations: Olympic, Utah Gov, Olympic Committee, Winter, IOC, Doping Agency, U.S, NBC, KSL, Washington, Eccles, University of Utah, United Locations: Salt Lake City Utah, PARIS, Salt Lake City, Salt Lake, Paris, Tokyo, Utah, Rice, United States, Lake Placid, Squaw, France, Chamonix, Grenoble, Albertville, French

Understanding Car Insurance ClaimsWhat is a Car Insurance Claim? Types of Car Insurance ClaimsCommon car insurance coverages you can file claims for include but aren't limited to:CollisionComprehensiveLiabilityPersonal injury protectionMedical paymentsUninsured/underinsured motoristRental car reimbursementRoadside assistanceGap insuranceWhether you can file a claim under a specific coverage depends on if it's included in your policy. How to File a Car Insurance ClaimStep to File a Car insurance ClaimTake a look at the process of filing a car insurance claim. When to File Car Insurance Claim FAQWhen should I file a car insurance claim? How long you have to file a car insurance claim varies by insurer.

Persons: it's, Falen Cox, Cox, Dan Ferrara, Ferrara Organizations: Insurance Information Institute, Insurance, CRM, Insurance Company, Car Insurance, Car, Chevron

☆ Tesla set to report second-quarter earnings after the bell Tuesday
▼ + stars: | 2024-07-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla is set to report second-quarter earnings after the bell on Tuesday. Although Tesla reported vehicle deliveries of 443,956 in the second quarter, a 4.8% decline from the year-earlier period, those numbers were better than analysts had expected. But Musk and his stalwart Tesla bulls and broader fan base have ambitions for the EV maker beyond making and selling cars. In 2021, Musk also began to promise that Tesla would develop and produce humanoid robots capable of factory work, at least. Tesla "deliveries" are not an audited financial metric, but are the closest approximation to sales reported by the company.

Persons: Elon Musk, The Beverly Hilton, Tesla, Elon, Musk, Donald Trump, InsideEVs Organizations: SpaceX, Tesla, The Beverly, LSEG, PAC, Trump, Republican, Pew Research, Democratic, Cox Automotive, Boring Company, X Corp, CNBC Pro Locations: Beverly Hills , California, U.S

☆ It’s becoming harder to get — and keep — a car
▼ + stars: | 2024-07-22 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

Cook did the math, made a pros and cons list, and bought a new car. Courtesy Greg CookHis car — the monthly payment, the fast-rising insurance, fuel and maintenance costs — takes up a 30% share of his monthly budget. And buying a car is no cakewalk either: Credit is increasingly harder to come by and rejection rates are spiking. Instead, consumers have been presented with a higher bar, including requirements for a heftier down payment and a higher credit score, he said. More restrictive lending typically equates to approval rates going down and rejection rates rising.

Persons: Greg Cook’s, he’d, I’ve, ”, Cook, Greg Cook, “, Jeremy Robb, “ Everyone’s, Robb, David Paul Morris, they’re, repossessions Organizations: CNN, Cox Automotive, Federal Reserve Bank of New, Federal, Bloomberg, Getty Locations: Oregon, Federal Reserve Bank of New York, Richmond , California

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