Author: Press Room

Last month, data company Numbeo released its annual Cost of Living Index by City. The final ranking was determined using data from January 2024 through mid-year. The index is historical and will be updated periodically. Number used the cost of living in New York City as a baseline and gave it a score of 100. Every other city was scored based on how much more or less expensive it was compared to the Big Apple.Cities were scored across the following indexes:Cost of livingRentCost of living plus rentGroceriesRestaurant priceLocal purchasing powerThe United States has the highest number of cities ranked, claiming…

Vice President Kamala Harris’ campaign on Sunday flaunted over two dozen presidential endorsements from Republican party members, including some who served in former President Donald Trump’s administration.Nearly 30 GOP members were cited as part of the new “Republicans for Harris” initiative launched Sunday. These include Stephanie Grisham, former White House press secretary under Trump, and national security official Olivia Troye — who worked as Vice President Mike Pence’s national security advisor. Chuck Hagel and Ray LaHood, Republican cabinet members under President Barack Obama, were also listed.By publicly defecting on the Republican presidential nominee, these officials leave a target on their back for…

Sometimes, technology doesn’t fulfill its promise. But, other times, it isn’t the tech that let’s you down, it’s the people using it. So one electric vehicle charging company company is experimenting with cutting off people who linger, attempting to “fill ‘er up.” Recently, I drove a new Chevrolet Blazer EV from New York City to Bristol, Pennsylvania. I figured the drive down to Bristol with my family would take about 90 minutes and, since I didn’t start with a full battery, the return trip would take 15 to 20 minutes more with a stop along the way to charge up…

The Hanover Insurance Group, Inc (NYSE:THG) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Oksana Lukasheva – Senior Vice President of Corporate FinanceJohn Roche – Chief Executive Officer & PresidentJeff Farber – Chief Financial OfficerRichard Lavey – Executive VP & President of Hanover Agency MarketsBryan Salvatore – Executive VP & President of Specialty Conference Call Participants Michael Phillips – OppenheimerMike Zaremski – BMOPaul Newsome – Piper SandlerGrace Carter – Bank of AmericaMeyer Shields – KBWBob Farnam – Janney Operator Good day, and welcome to the Hanover Insurance Group’s Second Quarter Earnings Conference Call. My name…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Julien Alfred of St Lucia won the women’s 100 metres at the Paris Olympics in a national record of 10.72 seconds, upsetting world champion and fastest woman in the world this year Sha’Carri Richardson of the US who had to settle for silver.Alfred, 23, became the first athlete from the tiny Caribbean nation of 168,000 inhabitants to win an Olympic medal. Richardson suffered a poor start in pouring summer rain, but rebounded in the final metres to claim second place in 10.87…

CNN reporter obtains statement from Emhoff’s ex-wife in wake of affair revelation Vice President Kamala Harris’ husband Doug Emhoff acknowledged in a statement to CNN that he had an affair during his first marriage after the alleged details of the relationship were published by a British tabloid. CNN’s Priscilla Alvarez reports. Read the full article here

Conventional wisdom regarding Traditional IRA’s is to not take distributions from your Traditional IRA because you will have to pay tax on it. Let the assets in your Traditional IRA continue to grow tax deferred and take distributions based on the IRS Required Minimum Distribution rules (RMD’S). Another strategy is to convert your Traditional IRA to a Roth IRA. This is a hot topic and there is a lot of information today from advisors and the internet in relation to a Roth conversion. There are many good reasons to make a Roth conversion. Those reasons include: Minimizing income tax Possible…

Between commission fees and moving costs, home sellers said they spent more than expected to secure a home sale this year, according to a Clever Real Estate survey. On average, sellers spent $54,616 to sell their homes, with 42% reporting that the costs exceeded their expectations, the survey said. The biggest expense was on listing agent and buyer’s agent commission fees. Sellers spent an average of $21,603 on these fees in addition to $10,000 on repairs, $8,000 on closing costs and $7,200 on concessions. Moving expenses added an extra $3,250 to the bill. Sellers also spent an average of $4563…

A Tiktok trend is encouraging people to save more money. It’s called the ‘no-buy year.’ The rules are simple. Make a list of the non-essential items you will not spend money on for a set length of time and stick to it.  Many people start at the beginning of the year, but some try the challenge for just a month since it could be difficult for a whole year. Some are paying off tens of thousands of dollars in debt. “I’ve been on a debt-free, no-buy year journey since January 1, 2023. On May 3, 2024, 488 days later, I’ve paid off…

It’s a July for the record books.State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm’s head of SPDR Americas research notes it is also the second-largest monthly inflow ever.”Part of it is just the market,” Matt Bartolini told CNBC’s “ETF Edge” on Thursday. “We see investors deploy cash from the sidelines. A lot of cash was built up over the years. We started to see investors really make a concerted effort to continue to buy into this rally. We also saw sort of broadening in the…