California S Homeowner Insurance Shakeout Is about Interest Rates Too
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California homeowners face an insurance crisis. What will it mean for home prices in the state?
Californians face yet another setback on the housing front as a major insurer pulls out of 72,000 home-insurance policies, citing costs.MarketWatch - Business - California -
National Plan to Look Into Homeowners Insurers Hits a Hurdle
Roughly two weeks after state regulators said they were collecting details on insurers’ homeowners businesses, key states may opt out, undermining the effort.The New York Times - Business -
Why auto insurance rates are skyrocketing in the U.S.
The average annual premium for full coverage auto insurance in the U.S. rose 26% from 2023 to 2024, according to Bankrate.CNBC - Business -
How do interest rates affect me?
Bank of England interest rates have an impact on the mortgage, loan and savings rates for millions of people.BBC News - Top stories -
An interesting disconnect in US rate-cut expectations
Economists and the Fed think similar things on what will happen to the US economy. So why is there a big gap in their expectations for interest rates?Financial Times - World -
Bankers jailed for interest rate rigging lose appeal
Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.BBC News - Top stories -
Mortgage demand stalls, even as interest rates moderate
The usually busy spring housing market is underway, but mortgage demand isn't moving.CNBC - Business - Mortgage -
BoE rate-setter warns against rushing to cut interest rates
Comments come after governor Andrew Bailey last week said interest rate cuts were ‘in play’Financial Times - World -
Slowing Growth Pushes California's Unemployment Rate to No. 1 Nationally
Post-pandemic ups and downs, and the tech sector's layoffs after hiring binge affect the state's declining job creation rate.Inc. - Business - California -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
4 times you should buy a home with interest rates high
Even with mortgage interest rates high, there are some times when it may make sense to buy. Here are four of them.CBS News - Top stories -
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.MarketWatch - Business -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
Dollar Seen Slightly Overvalued, Could Weaken Into Year-End
Bank of America Research expects EUR/USD to end the year higher at 1.15 and USD/JPY lower at 142, driven by dollar weakness.The Wall Street Journal - World -
S&P Global Cuts Paramount Credit Rating Into Junk Territory
The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.The Wall Street Journal - World -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashedABC News - World - United Kingdom -
What to know about RFK Jr.'s VP pick
Welcome to The Hill's Campaign newsletter {beacon} Campaign Report Campaign Report The Big Story What to know about RFK Jr.'s VP pick Robert F. Kennedy, Jr., of the infamous political dynasty, is continuing his third-party bid for president, ...The Hill - Politics -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.The Wall Street Journal - World - New York -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
What to know about Terrence Shannon Jr.'s arrest on rape charge as Illinois plays in NCAA Tournament Sweet 16
Shannon missed six games during his suspension but is leading a hot Illinois team into the Sweet 16 of the NCAA TournamentCBS Sports - Sports -
Severe weather is hurting homeowners — but not reinsurers
More capital is needed to stop a protection gap for customers growing largerFinancial Times - World -
Is Shohei Ohtani too big to fail?
Shohei Ohtani's name and image has been a powerful marketing force. Will the controversy around his ex-interpreter affect his brand potential going forward?Los Angeles Times - Entertainment -
Is private equity’s bet on life insurance turning sour?
Setbacks for European PE-backed insurers fuel warnings over ownership shiftFinancial Times - Business -
How much is full coverage pet insurance?
Wondering how much a full coverage pet insurance policy will cost you? Find out more here.CBS News - Top stories -
Insurers Report Rising Hail Damage Claims
Inflation is driving up the cost of materials and labor to repair roofs and cars. Adding to insurers’ costs is increased development in areas affected by severe storms.The New York Times - Business -
How life insurance can evolve into retirement income
Life insurance isn't just financial protection for your family; it can also protect you in retirement. Here's how.CBS News - Top stories -
The Lone Volcano in California’s Central Valley
Often called “the world’s smallest mountain range,” the Sutter Buttes are an unlikely and beloved landmark in one of the flattest parts of the state.The New York Times - Top stories - California -
Big Ships Collide With Bridges Far Too Often
But there are better ways to protect a bridge like the one that collapsed in Baltimore.The New York Times - Top stories -
Mountain lion kills 1, injures another in California
The two young men were out hunting for shed antlers.ABC News - Top stories - California -
Missing California hiker found dead at base of waterfall
A 30-year-old hiker was found dead at the base of a waterfall in Carmel Valley, California, four days after she set off for a day hike, officials said.NBC News - Top stories - California -
Where to find Richard Serra's sculptures in Southern California
Famed American artist Richard Serra, who died Tuesday, was known for creating large-scale, site-specific sculptures made of steel. Here's where to see them in Southern California.Los Angeles Times - Entertainment - California -
Judge recommends John Eastman be disbarred in California
A judge recommended Wednesday that John Eastman, a co-defendant of Donald Trump in the Georgia election interference case, be disbarred in California.NBC News - Politics - California -
Matthews: Autocrats gonna mandate: health insurance, vaccines, EVs and more
We saw it with ObamaCare, COVID-19 vaccines, EVs and many other issues — e.g., the mandated use of ethanol in gasoline. And they may be coming for your gas stove next.The Hill - Politics -
3 pet insurance moves owners should make this spring
Pet insurance can offer protection for pets and their owners. Here are three moves owners should make this season.CBS News - Top stories