Columbus, OH

J.B. Hunt Transport Services saw its Q2 operating income tumble 24% to $205.7 million year over year, with executives citing a weak freight market that has persisted for two years on an earnings call Tuesday. The carrier’s intermodal, truckload and dedicated contract services each reported quarterly volume declines, while its...

JB Hunt Q2 operating income falls 24%

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

TheStreet

Mortgage lenders see more homes bought and sold when — and if — the Federal Reserve starts cutting rates.

Mortgage rates just had a huge drop

New York State

Progressive Insurance has agreed to a $48 million settlement to resolve Volino et al v. Progressive Casualty Insurance Co et al, a class action lawsuit alleging that the insurer systematically undervalued claims made by New York drivers whose vehicles were totaled. Policyholders contended that the company employed third-party software that...

Progressive in huge settlement with policyholders

Indiana State

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Franklin, IN

NewsByJoshua

A wave of closures is hitting Pizza Hut, a pizza chain known for its iconic slanted-roof buildings, with 6,775 locations feeling the pinch in the tough restaurant industry landscape.

A well-known pizza chain with over 6K locations has begun closing some of its stores

GOBankingRates

Whether you're looking for a long-term investment and want to make sure you're not buying a money sink or you're thinking about buying your first home, it's important to choose the right property...

5 Types of Homes Expected To Plummet in Value by the End of 2025

New Jersey State

Texas State

Latin Times

The share of immigrants in the workforce has grown steadily over the last 15 years and more rapidly since 2020 as immigrants have returned to work more quickly post COVID-19 than their U.S.-born counterparts. As the U.S. economy increasingly relies on migrant labor, a new study by Brookings shows which states and occupations may see the highest need of foreign-born labor in the years to come.

California, Texas and New York among top states projected to have highest demand for work visas by 2030

Kentucky State

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Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

UNITED NATIONS (Reuters) - Russia is ready to work with any U.S. leader - elected by the U.S. people – who is willing to engage in "equitable, mutually respectful dialogue," Russian Foreign Minister Sergei Lavrov said on Wednesday. He noted, during a news conference at the United Nations, that...

Russia Ready to Work With Any US Leader, Says Lavrov

Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are the lowest they've been since March thanks to data showing that inflation is cooling.

Mortgage Interest Rates Today, July 16, 2024 | Rates at 4-Month Low

Pennsylvania State

Bucks County Beacon

“Who sits there and thinks, with all the needs we have in America, of criminalizing the homeless?” wonders Pastor Robert Brown of Bristol’s Bible Evangelical Methodist Church after learning that the United States Supreme Court approved punishing those experiencing homelessness who have nowhere to sleep.

After SCOTUS OK’s Criminalization of Homelessness, Pennsylvania Democrats Plan Legislative Response to Protect Rights of the Unhoused

Washington State

Mill Creek, WA

Timothy A Gruver

The Washington State Department of Labor & Industries reported on Wednesday that it fined four roofing contractors more than a million dollars for letting their workers perform on top of homes without fall protection gear, among other safety violations.

Roofing Companies Fined $1.27M for Endangering Workers

Rates on 30-year new purchase mortgages fell for a third consecutive day Friday, sinking to 6.70%. That's the lowest average since early spring, and is a notable improvement after rates started July above 7%. Rates for most other mortgage types also ended the week lower. National Averages of Lenders' Best...

Mortgage Rates Keep Dropping, To Lowest Level Since March

NEW YORK, July 16, 2024 – The recent rise in U.S. homeowners insurance costs has been driven by a combination of increasing natural catastrophe losses and extraordinary inflation following COVID-19, according to the Insurance Information Institute’s (Triple-I) latest Issues Brief. Triple-I also noted that legal system abuse is contributing to the cost increases.

Rising homeowners insurance costs attributed to inflation and legal system abuse

While a majority of U.S. homeowners with mortgages continue to be locked into rates below 5%, the share with rates above 5% is growing steadily. As of May, 24% of homeowners with mortgages had a current interest rate of 5% or higher, according to ICE Mortgage Technology’s July 2024 Mortgage Monitor Report.

ICE: 24 Percent of Homeowners with a Mortgage Now Have a Rate Above 5 Percent

California State

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Massachusetts State

CBS Sacramento

Kayla Mills spent most of this year driving a Honda HRV, but last month she decided to return the vehicle to the dealership. Her reason? The $520 a month car insurance bill no longer fit her budget. "I can pay it, but being able to afford it while also affording the rising costs of everything else going on, I made an executive decision to let go of my car," the Massachusetts resident said. Mills isn't the only one feeling the pinch of car insurance payments. Not only has overall inflation grew 3% in June compared with a year ago, but auto insurance has...

Inflation may be cooling, but car insurance rates are revving up. Here's why.

A recent study, which analyzed data from tens of millions of mortgage escrow payments, offers new insights into the challenges of access and affordability in the homeowners markets, as climate change-driven disasters are putting significant pressure on the industry across the West and the broader United States. The study, which...

Rising reinsurance costs propelling homeowners insurance to new heights

NewsBreak

Progressive's Quarterly Profit Surges on Strong Demand for Auto Insurance Policies

(Reuters) - Insurer Progressive Corp posted a more than fourfold jump in its second-quarter profit on Tuesday, driven by strong demand for its personal auto insurance...

Progressive's Quarterly Profit Surges on Strong Demand for Auto Insurance Policies

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