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☆ NASA looks to launch Artemis test flight again on Nov. 14
▼ + stars: | 2022-10-12 | by ( ) www.nbcnews.com time to read: +1 min

NASA is targeting Nov. 14 for its next attempt to launch Artemis I, the space agency said on Wednesday, after technical difficulties and bad weather forced it to delay the first uncrewed test flight of a capsule to carry humans back to the moon. The next attempt to launch the Space Launch System rocket that will carry the Orion spacecraft is planned during a 69-minute window that opens at 12:07 a.m. EST on Wednesday, Nov. 14, NASA said on its website. The agency plans to roll the rocket back to the launch pad as early as Friday, Nov. 4. A stubborn fuel leak and the arrival of Hurricane Ian forced NASA to delay the launch of the uncrewed test flight over the last five weeks. The Artemis I mission signals a major turning point for NASA’s post-Apollo human spaceflight program, after decades of focusing on low-orbit missions with space shuttles and the International Space Station.

☆ Holiday bargains will dent retail profits. How investors can avoid taking a beating
▼ + stars: | 2022-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Stifel's research found that consumers plan to spend 9% more this holiday season over 2021. Roughly three-quarters of respondents to a PwC holiday poll indicated they plan to spend the same or more this holiday season. Rather than marking down inventory, companies should hold on to it for the next year if their balance sheets can withstand it, said Siegel. Across the board, many flagship retail stores heavily focused on apparel and footwear like Kohl's and Macy's may struggle to lure customers intent on saving money on discretionary purchases. He points to names heavily focused on electronics and home goods purchased by consumers during the pandemic as one of the weaker areas this holiday season.

☆ Consumer inflation expected to have run hot in September, boosted by rent
▼ + stars: | 2022-10-12 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

Stoked by rising rent costs, consumer inflation is expected to have remained hot in September but slightly lower than August's pace. Economists expect the consumer price index rose 0.3% in September, up from 0.1% in August, according to Dow Jones. "The core inflation is going to be higher so it's still an inflation that hasn't peaked yet in many ways. Economists expect that services inflation continued to run hot in September, due to rising wages and labor shortages. "We expect shelter inflation to slow to a 0.4-0.5% monthly pace by year-end and peak at around 7% year-over-year early next year."

☆ NASA aims for mid-November launch of delayed Artemis moon mission
▼ + stars: | 2022-10-12 | by ( Michael Sheetz | ) www.cnbc.com time to read: +2 min

NASA’s next-generation moon rocket, the Space Launch System (SLS) rocket with its Orion crew capsule perched on top, as it stands on launch pad 39B in preparation for the unmanned Artemis 1 mission at Cape Canaveral, Florida, August 27, 2022. NASA said Wednesday that it is planning to launch its Artemis I moon mission in mid-November, after past launch attempts in recent months were postponed because of technical and weather difficulties. NASA first tried to launch Artemis I in August but has called off multiple attempts since then. Confirming the agency leaders' expectation that the next attempt to launch Artemis I would not be likely until at least November, NASA is now targeting the early hours of Nov. 14 for liftoff. Tentatively, the plan is to land the agency's astronauts on the moon by its third Artemis mission in 2025.

☆ NASA looks to launch Artemis lunar test flight again on Nov. 14
▼ + stars: | 2022-10-12 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Oct 12 (Reuters) - NASA has targeted Nov. 14 for a third attempt to launch its big, next-generation rocketship, the U.S. space agency said on Wednesday, after weeks of technical setbacks and foul weather delayed the uncrewed inaugural Artemis mission to the moon. Plans call for rolling the 32-story-tall Space Launch System (SLS) rocket and its Orion capsule back out to Launch Pad 39B at NASA's Kennedy Space Center in Cape Canaveral, Florida, as early as Friday, Nov. 4 to renew final flight preparations. The newly targeted 69-minute launch window for the Artemis I mission on Nov. 14 opens at 12:07 a.m. EST (0407 GMT), with backup launch opportunities of two hours each set for Nov. 16 and Nov. 19, NASA said. Artemis I, aimed at launching the Orion capsule on an uncrewed test flight to the moon and back, would mark the debut voyage of both the SLS rocket and Orion a half century after the final lunar mission of Apollo, forerunner of the Artemis program. NASA ultimately plans to establish a long-term lunar base of operations as a stepping stone to even more ambitious human voyages to Mars.

While going through a costly divorce earlier this year, Cavanaugh's flood insurance coverage lapsed. Many people in the small coastal community, which faces the Gulf of Mexico southwest of Fort Myers, did not have flood insurance coverage. It appears that, despite an increased occurrence of devastating flood events, a declining percentage of people nationwide have flood insurance policies. Chuck Larsen / SantivaChronicle.com via APOne significant issue is that many homeowners assume a typical homeowner's insurance policy covers floods. The average cost of flood insurance from the National Flood Insurance Program is $995 a year, according to Forbes Advisor analysis.

☆ GM is starting an energy storage subsidiary to take on the Tesla Powerwall
▼ + stars: | 2022-10-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

The new business unit, called GM Energy, will consist of Ultium Home, Ultium Commercial and Ultium Charge 360 divisions. Ultium Home and Ultium Commercial will, as their names imply, supply energy storage for homes and businesses, respectively. GM Energy will also be involved with hydrogen fuel cells and solar energy products, GM said in its announcement. GM Energy will work with California’s Pacific Gas and Electric on a pilot program to test the concept using GM electric vehicles starting in 2023, GM said in the announcement. The new subsidiary is also working with solar energy provider SunPower, which will install solar panels on customers’ homes, GM said.

☆ Here’s what a new Biden administration labor proposal would mean for independent contractors
▼ + stars: | 2022-10-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Rudi_suardi | E+ | Getty ImagesThe Biden administration will soon issue a rule that may make it easier for workers to be considered "employees" instead of "independent contractors." Misclassification of workers as independent contractors — also known as freelancers or the self-employed — instead of employees is happening across many industries, like construction, health care, restaurants, retail and transportation, Labor Department officials said Tuesday. Employers may benefit financially by classifying their workforce as contractors instead of employees. These companies often classify gig workers as independent contractors. Federal action would especially be a boon to "low-wage, vulnerable workers," Labor Department officials said.

☆ Here's how to avoid buying a flood-damaged car following Hurricane Ian
▼ + stars: | 2022-10-11 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +3 min

Sean Rayford | Getty ImagesIf you're planning to shop for a used car in the next few months, be sure to check for flood damage before signing on the dotted line. Flooded cars are 'rotting from the inside out'Floodwaters can destroy — sometimes slowly — electronics, lubricants and mechanical systems in vehicles. Not all titles will reflect flood damageThat's because not all flooded cars are recorded as such unless an insurance company is involved. Reselling them to consumers can get on the right side of the law if the title discloses the flood damage. So, with no insurance company involvement there may not be any official record of the flood damage.

☆ Tens of thousands likely jobless after Hurricane Ian, economists say
▼ + stars: | 2022-10-11 | by ( Martha C. White For Cnn Business | ) edition.cnn.com time to read: +8 min

Although the damage is still being tallied, early estimates indicate that Ian could be the most costly hurricane to make landfall in Florida. In the short term, a spike in jobless claims is almost inevitable, economists say: “Hurricane Harvey in Texas prompted a rise of about 50,000 in August of 2017,” noted Mike Englund, chief economist at Action Economics. A view of the destroyed road between Florida's Matlacha and Pine Island after Hurricane Ian. “Katrina was a much more damaging storm, and impacted Louisiana, which is much less affluent than Florida,” Zandi said. A powerboat lies atop a pile of debris two days after the passage of Hurricane Ian, in Fort Myers, Florida.

☆ In a new ad, Florida First Lady Casey DeSantis attempts to share a softer, rarely-seen side of Ron DeSantis, skipping any mention of Trump, a potential 2024 rival
▼ + stars: | 2022-10-10 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +4 min

Florida First Lady Casey DeSantis starred in a new ad for her husband's campaign. She details how her husband took care of her when she had breast cancer. The ad is a sharp contrast to DeSantis' gubernatorial bid six years ago when Casey DeSantis and the DeSantis children starred in a cheeky campaign ad highlighting then-President Donald Trump's support. Casey DeSantis is widely known among political circles to be her husband's top confidante and to have a significant impact on his career. The new ad featuring Casey DeSantis attempts to show a softer side of the governor that is rarely on public display.

That has added pressure to grocery prices, putting a squeeze on wallets with no end in sight. California's drought conditions, on top of Hurricane Ian ravaging citrus and tomato crops in Florida, are likely to push food costs even higher. Cameron also grows processing tomatoes, onions, garlic and more than a dozen other crops near Fresno, California. The most recent drought in California began in 2020, worsening when California's Central Valley faced its driest January and February in recorded history. Cameron said tomato prices face a similar hike, resulting in a 50% increase in cost to canners and processors from 2021 to 2023.

“This looks and smells like human trafficking,” said Ariadna Phillips, a New York community organizer with South Bronx Mutual Aid. On Tuesday, DeSantis said at a news conference that three of four people arrested last week for "ransacking" communities following Hurricane Ian were illegal immigrants who should be immediately deported. Remembering "horror stories" of immigrants not being paid for work or being deported following previous natural disasters, Phillips rushed to Queens. "Promises are often not kept to these workers," said Saket Soni, executive director of Resilience Workforce, a New Orleans group that advocates for and monitors migrant workers following natural disasters. In the days following Ian, Resilience Workforce deployed staff members to Florida to observe work conditions on the ground.

☆ Meet a 70-year-old former pastor who started a painting business just 2 weeks after retiring because his stock investments are tanking
▼ + stars: | 2022-10-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Joe Mlaker, 70, decided to start a business just two weeks after retiring from his job as a pastor. But just two weeks later, he decided to start an interior painting business. Along with being a "hedge" against the markets, he hopes his business income will help him and his wife travel the way they envisioned during their retirement. Since he'd run a small painting business for nearly three years in his 20s, it seemed like a natural fit. "Being active is a part of my life," Mlaker said.

In the wake of Hurricane Ian, the living have struggled to account for all the dead. More than half of the victims drowned, the Florida Medical Examiners Commission has reported. A high-water vehicle with responders drives through a flooded neighborhood in the aftermath of Hurricane Ian in North Port, Fla., on Oct. 3. Precisely how many have died as a result of Hurricane Ian is a point of contention. “The communities hit by Hurricane Ian were places that have many new residents who had never experienced a major storm,” he said.

☆ Florida's Fort Myers devastated by Hurricane Ian
▼ + stars: | 2022-10-07 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

One of several destroyed portions of the causeway from Fort Myers to Sanibel Island is seen in this frame grab from video shot out of a U.S. Army National Guard Blackhawk helicopter as U.S. National Guard Bureau Chief General Daniel Hokanson tours...moreOne of several destroyed portions of the causeway from Fort Myers to Sanibel Island is seen in this frame grab from video shot out of a U.S. Army National Guard Blackhawk helicopter as U.S. National Guard Bureau Chief General Daniel Hokanson tours the area by air after Hurricane Ian caused widespread destruction on Sanibel Island, Florida, October 1. REUTERS/Kevin FogartyClose

Rosa Rivera, 31, and her partner, Guillermo Cuero, faced a difficult choice when it came to protecting their 8-month-old baby, 9-year-old daughter and 8-year-old son. Rosa Rivera said her son had asked her, “Mama, are we going to die?”Jennifer Rosa Rivera, her partner and their three children at a wedding a few days before Hurricane Ian made landfall in Florida. Courtesy Rosa RiveraThe family lost nearly all of its possessions, including two cars that were submerged up to their windows. For many families, life in Florida was an escape from other climate disasters or extreme violence and poverty. “He lost absolutely everything,” Rosa Rivera said.

☆ Beware, Florida homeowners. The worst is yet to come.
▼ + stars: | 2022-10-06 | by ( Dan Latu | James Rodriguez | ) www.businessinsider.com time to read: +10 min

They were paying $750 a month for the lot in a mobile-home park and couldn't fathom paying $7,200 a year for homeowners insurance, let alone additional protections for floods. (Flood insurance costs an average of more than $600 a year in Florida and can stretch even higher in high-risk areas.) But just 57% of those homes are covered by flood insurance, a Bank of America analysis of data from CoreLogic and the National Flood Insurance Program found. Some owners may not even know that they need a separate insurance policy for flooding, assuming it's covered by their homeowners insurance. Roughly a dozen firms that provide homeowners insurance in Florida have gone under in the past two years, The Washington Post reported.

Before Hurricane Ian caused billions of dollars in damage in Florida, Alaura Miller considered herself a part of the lower middle class. Miller, 60, a retired barber, is among Floridians on low or fixed incomes struggling to find affordable housing in one of the nation's most popular and expensive states to live. "Florida came into this hurricane season already having a shortage of affordable housing, particularly for people who are working in service jobs and other lower wage jobs," said Anne Ray, a researcher at the University of Florida's Shimberg Center for Housing Studies. "And so, people who have lost their homes are going to be competing with the people who are already trying to find affordable housing. She added: "I've never been put in a position before where I've had to worry about where I'm going to live or where I'm going to go."

The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Mortgage applications to purchase a home dropped 13% for the week and were a steep 37% lower year over year. With higher interest rates making an already pricey housing market even more expensive, homebuyers turned more to adjustable-rate mortgages, which offer a lower interest rate. Mortgage rates came down slightly this week, according to another survey from Mortgage News Daily, but all bets are off at the end of the week when the important monthly employment report is released. Depending on how investors view the results — and how the Federal Reserve might react to those results — mortgage rates could move decisively in either direction.

☆ Hurricane Ian forced America's largest senior living facility to evacuate 700+ residents
▼ + stars: | 2022-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHurricane Ian forced America's largest senior living facility to evacuate 700+ residentsCindy Baier, president and CEO of Brookdale Senior Living, joins 'The Exchange' to discuss having to evacuate over 700 elderly residents due to the severity of Hurricane Ian, the plan for returning residents home and the organization's track record of positive monthly net hires.

☆ Damages in Florida from Hurricane Ian could total $47 billion. Here's how to protect your personal finances from natural disasters
▼ + stars: | 2022-10-03 | by ( Stephanie Dhue Sharon Epperson | Stephanie Dhue | Sharon Epperson | ) www.cnbc.com time to read: +1 min

Prepare for insurance claimsIf you're going to file an insurance claim, inventory the damage before you start cleaning up. Keep a written record of the name of everyone you talk to about your claim, including the date of the conversation and summary of what was said. Coverage for floods requires a separate policy, either from the federally based National Flood Insurance Program or a private insurer. There is a 30-day waiting period before flood coverage is effective. Flood insurance for autos is an option under the comprehensive portion of a policy.

☆ 'Big Short' analyst says Florida home values could drop as much as 50% in some areas when markets factor in flood and storm costs from disasters like Hurricane Ian
▼ + stars: | 2022-10-01 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

Floridians aren't paying enough for flood insurance, according to an analysis by DeltaTerra Capital. Home prices in some parts could fall by 50% when buyers realize the true costs of flood protection. Hurricane Ian left a trail of destruction across Florida, but the state's housing market has yet to feel the brunt of its impact. That's because flood insurance is poised to get much more expensive in high-risk areas as a result of Risk Rating 2.0 , the Federal Emergency Management Agency's updated method of pricing flooding risk for insurance policies held through the National Flood Insurance Program. It's not just a matter of how hurricane damage will affect a regional market, Burt said.

☆ This week's best performers include a health care stock analysts expect will go up 35%
▼ + stars: | 2022-09-30 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

However, analysts see little upside from current levels, with the average analyst price target implying a gain of only 1.4%. Analysts in general are bullish on the stock, with the average price target implying upside of 35.7%. Analysts expect the stock to go up 34%, though only a third of analysts rate it a buy, FactSet data shows. Marathon has buy ratings from 75% of analysts covering them, with the average price target implying upside of about 24%. About 61% of analysts rate the stock a buy, but the average price target implies upside of just 5.1%.

☆ Understanding renters rights post-Hurricane Ian
▼ + stars: | 2022-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnderstanding renters rights post-Hurricane IanAmerican Homes 4 Rent CEO David Singelyn joins 'Power Lunch' to discuss damage assessments from Hurricane Ian, adapting company strategy due to climate change and rental demand during times of rising mortgage rates.

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