Author: Press Room
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseVice-presidential candidates JD Vance and Tim Walz are facing off in a debate in New York, laying out sharply contrasting visions of the US at a pivotal moment in the final stretch of the 2024 White House race.With just over a month until polling day, it is the first, and probably only, debate between Donald Trump’s and Kamala Harris’s running mates, and a chance for Vance, in particular, to improve his tepid approval ratings.An Associated Press poll last week…
A Georgia judge signaled Tuesday that he sees a need to bring clarity to the meaning of a “vague” new election certification rule approved by Donald Trump allies that critics say will inject chaos into the battleground state after Election Day. State and national Democrats have sued the GOP-controlled Georgia State Election Board over a pair of rules passed in August that require county election officials to conduct a “reasonable inquiry” into election results before certifying them and allow them to “examine all election related documentation created during the conduct of elections prior to certification of results.” During a bench…
One of the goals of the Inflation Reduction Act is to lower drug costs for Medicare beneficiaries. The biggest step toward that goal will be the implementation of the $2,000 cap on Part D out-of-pocket costs starting in January 2025. Nearly 19 million Part D enrollees could save $400 and almost two million with the highest costs could save, on average, $2,500 per year. Last year, Medicare took a baby step toward that goal by eliminating the 5% coinsurance in the Catastrophic Coverage payment stage. This should save approximately 1.5 million enrollees about $3,100 each this year. Both these initiatives…
The U.S. housing market has remained stagnant, with just 25 out of every 1,000 homes changing hands in 2024, according to recent data from real estate firm Redfin. The first eight months of the year marked the lowest turnover rate in at least 30 years, according to Redfin, which conducted an analysis of housing turnover by comparing the first eight months of 2024 across different metro areas, home and neighborhood types. It is using turnover as a way to measure housing availability. Comparatively, there were 37% fewer homes sold this year compared with during the middle of the COVID-19 pandemic…
As the Southeast U.S. recovers in the aftermath of Hurricane Helene’s destruction, consumers looking to change their air travel plans to or from affected areas without taking a financial hit may be out of luck, experts said.”The big-picture issue that happens in U.S. air travel: When there is a significant disruption, air passengers have very, very limited rights” when it comes to compensation, said Eric Napoli, chief legal officer at AirHelp, an online service that assists airline passengers.’Catastrophic damage’The North Carolina Department of Transportation urged people to avoid unnecessary travel in the western part of the state due to hundreds…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are starting the first day of October and the fourth quarter on a lower note, following a similar trend we saw at the start of August and September. The pullback in early August occurred after the popular “yen carry trade” imploded, causing forced liquidation of stocks. The September sell-off was based on an economic growth scare and concerns that the Federal Reserve was too slow to cut interest rates.…
New York magazine writer Olivia Nuzzi is publicly accusing her ex-fiancé Ryan Lizza, a prominent political journalist with Politico, of orchestrating a harassment and blackmail campaign against her after their split and while Nuzzi had a personal relationship with Robert F. Kennedy, Jr. The accusations — which Nuzzi made in a filing and before a judge in Washington, DC’s Superior Court this week and which he denies — are the latest explosive twist to emerge from the fallout of her previously undisclosed relationship with Kennedy, the former independent presidential candidate, and as the national political press has turned the saga into a discussion of journalism ethics. Nuzzi wrote in a court filing…
This article was written byFollowMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: I/we have a beneficial long position in the shares of EXTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HousePresident Joe Biden has accused Donald Trump of “lying” over the White House’s response to Hurricane Helene, a storm that ripped through the south-eastern US, killing more than 100 people, with about 600 still missing.The devastation, including widespread flooding and property damage, hit with little more than a month until the US presidential election pitting Trump against Kamala Harris, the Democratic vice-president, affecting North Carolina and Georgia, two battleground states. The Biden administration and local officials have struggled to…
President Biden accused former President Donald Trump of “lying” about the federal response to Hurricane Helene after a reporter started to ask Biden about Trump’s baseless accusation that he and the federal government were going out of their way to avoid helping people in Republican areas. Read the full article here
