A majority of North Carolina homeowners didn’t have flood insurance. Then Helene hit.

Homes and buildings destroyed after Hurricane Helene in Bat Cave, North Carolina. Hurricane Helene’s rains devastated North Carolina last week — but most homeowners in the state didn’t have flood insurance, according to state officials and an analysis of federal data. That may leave homeowners with a hefty bill as they try to repair the…

Continue Reading

The EU just made Chinese EVs a lot more expensive — and created a new threat for European automakers

China is Volkswagen’s single largest market. Europe is clamping down on Chinese electric cars — but the move to protect the continent’s automakers could create a new problem for the likes of Volkswagen and BMW. The European Union voted to impose sweeping tariffs on Chinese EV makers on Friday as it seeks to protect its…

Continue Reading

The jobs market had a very strong September

The US economy saw way better job growth than expected in September. It added 254,000 jobs during the month, blowing away the forecast of 147,000. Additionally, the unemployment rate unexpectedly fell to 4.1%, below the consensus estimate of 4.2%. It marks the second straight monthly decline. The encouraging numbers doubled down on a labor market…

Continue Reading

Celebrities who partied with Diddy may want to contact their lawyers

Sean “Diddy” Combs hosted extravagant white-themed parties in the late 1990s and early 2000s. Celebrities who attended Sean “Diddy” Combs’ parties should consider lawyering up, even if they attended one of his more high-profile soirees. Several entertainment attorneys told B-17 that any celebrities who may have been involved in Combs’ alleged drug-fueled sex parties called…

Continue Reading

Dockworkers on the East and Gulf Coasts have agreed to suspend the strike after reaching a deal for better pay

Dockworkers striking at the entrance to a container terminal at the Port of Baltimore on Tuesday. The strike was suspended until January after the strikers and their employers reached a tentative agreement on wages. More than 45,000 striking port workers at docks from Maine to Texas have suspended their strike until January 15 and will…

Continue Reading

Russia can rely on China for the yuan, but China can’t rely on anyone else

Chinese President Xi Jinping and Russian leader Vladimir Putin. Sweeping Western sanctions against Russia have isolated its economy so much that it now relies on the Chinese yuan for its reserves. Russia’s isolation has also worried China — whose $18 trillion economy far outsizes Russia’s $2 trillion — about relying on the US dollar-based financial…

Continue Reading

Israel steps up its airstrikes on Beirut as the conflict in the Middle East escalates

Israel has stepped up a campaign against Hezbollah in Lebanon with a series of air attacks in Beirut.  Israel carried out air strikes in the Lebanese capital of Beirut on Friday as it stepped up its efforts to dismantle Hezbollah’s leadership. According to The New York Times, citing Israeli officials, Israel targeted Hashem Safieddine, the…

Continue Reading

Stay Always In Touch!
Subscribe To Our Newsletter.