People in the Pacific Northwest now have another reason to put on a mask: dangerous air because of recent wildfires. In fact, Seattle’s air quality Thursday morning is the worst of Read more
Tag: natural disasters
Jobless claims drop to three-week low of 214,000 as Hurricane Ian effects fade
The numbers: The number of people who applied for unemployment benefits fell by 12,000 in mid-October to a three-week low of 214,000, as more people who couldn’t work after Hurricane Read more
‘It’s pretty much business as usual’: Florida towns in Hurricane Ian’s path targeted by opportunistic real-estate hunters
Less than a month after Hurricane Ian caused widespread devastation to southwestern Florida, investors and other buyers are scouring for housing deals in a region where home prices have soared in recent Read more
What Hurricane Ian has done to the used car market
Hurricane Ian may have flooded 50,000 cars, according to a new estimate. Ian made landfall in late September as a Category 4 storm, crossed the state from west to east, Read more
Larry Summers says U.K. debt market stress could be the ‘tremor’ signaling global economic ‘earthquake’
Former Treasury Secretary Larry Summers was one of the first prominent economists to warn that federal policymakers were underestimating the threat of persistent inflation, and today he is worried about Read more
Jobless claims rise to highest level since August in aftermath of Hurricane Ian
The numbers: Initial jobless benefit claims rose 9,000 to 228,000 in the week ended October 8, the U.S. Labor Department said Thursday. Economists surveyed by the Wall Street Journal has Read more
Opinion: Food inflation has soared in the U.S. And now farmers are planting wheat in the most expensive harvest ever
U.S. farmers are planting wheat during a critical time, as food prices remain high because of a host of issues including widespread inflation, supply-chain snarls, droughts and Russia’s war in Read more
Opinion: Florida’s insurance rates have almost doubled over five years, yet insurance companies are still losing money — and the reason is more insidious than hurricanes
Hurricane risk might seem like the obvious problem, but there is a more insidious driver in this financial train wreck. Finance professor Shahid Hamid, who directs the Laboratory for Insurance at Read more
Mortgage applications fall to the lowest pace in 25 years in latest week
The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances. Rates are inching even closer to 7%, and Read more
Mortgage applications fall to the lowest pace in 25 years in latest week
The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances. Rates are inching even closer to 7%, and Read more