Money

by | September 03, 2017 | 08:19

Crude prices dipped after the report , with US oil futures down 1.2 percent to $45.89 a barrel, and Brent off 1.4 percent, or 71 cents, to $51.29 a barrel, as of 10:39 a.m. Closure of roughly a quarter of the US refining industry sparked fears of fuel shortages before the Labor Day weekend and cast doubts on refinery demand for crude.

by | September 03, 2017 | 08:12

In Texas, where Harvey devastated the Gulf Coast and shuttered refineries, the average gas price has jumped 17 cents since Thursday. Damage from Hurricane Harvey has continued to unsettle crude oil prices , although prices have attempted a limited recovery.

by | September 03, 2017 | 08:12

FOX13 went to three local gas stations to compare prices for regular gas. OR largely shares a fuel supply with other West Coast states. He said the condition of several major refineries is still unclear, and the USA gasoline supply is complicated by the fact that the U.S.is now a significant exporter of gasoline to central and South America.

by | September 03, 2017 | 06:10

Pegasus Partners Ltd. boosted its position in shares of General Motors by 1.9% in the first quarter. SRS Capital Advisors Inc. increased its stake in General Motors by 171.9% in the first quarter. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/09/02/advent-capital-management-de-raises-position-in-general-motors-company-gm.html.

by | September 03, 2017 | 05:43

Harvey initially reached the coast near Rockport, Texas, on Friday, and was quickly downgraded to a tropical storm from a Category 4 hurricane. The US Chemical Safety Board (CSB) issued a warning urging petroleum and petrochemical refineries to exercise extreme caution when restarting their operations, a delicate process that could take longer than expected.

by | September 03, 2017 | 03:50

The price jumped 7 cents overnight to $2.60 in CT. "Travelers will see lots of stations making 10- to 20-cent-per-gallon jumps". Georgia prices jumped almost 12 cents overnight and are up about 38 cents for the week. Gulf Coast, but on the Atlantic Coast as well". As the energy sector in the southeast Texas Gulf Coast deals with flooding in the aftermath of Harvey, it will be days or even weeks before is back to normal operations.

by | September 03, 2017 | 02:39

Many people think it won't happen to them because they're in a low-risk area of that their homeowner's insurance will cover it if it does happen but a typical homeowner's policy doesn't cover flood damage at all . In Spartz's home of Broward County, it's only 13 percent. They spent the night on flattened boxes, wondering how much damage their house sustained. The situation has renewed calls to not just reauthorize the program but fix it.

by | September 03, 2017 | 02:38

She figured she could put the $450 annual premium, due next week, to another use. The NFIP is already deeply in debt and likely will have to be bailed out again by USA taxpayers, as it was after Katrina, to cover the bill for flood damage claims from Harvey .

by | September 03, 2017 | 02:39

Estimates are that 80% to 85% of Houston homeowners do not have flood insurance , either private or public. Critics say it's wrong that the program is being subsidized, and that anyone who chooses to live along the coast or in other flood prone areas should have to bear the full cost of that choice.

by | September 03, 2017 | 02:36

Understand what NFIP covers: Flood insurance under NFIP is created to help homeowners deal with the financial consequences of flooding but it can differ from typical homeowner's insurance policies. Rates for Floridians are already high because so much of the state is considered high risk for flood, McChristian said. Washers, dryers and freezers (including the food inside) are also covered.

by | September 03, 2017 | 02:39

Elegant in theory, the plan gradually succumbed to real estate interests, with the result that flood insurance enabled rather than managed development along coasts and in other flood-prone areas - ultimately putting more people and property at risk than might otherwise have been the case.

by | September 03, 2017 | 02:39

Others who do have it often discover they are not covered for flooding. Those divides could intensify this month as lawmakers confront three tasks: Formulating an aid package for hurricane victims, raising the debt ceiling and reauthorizing the flood insurance program, which is set to expire by September 30.

by | September 03, 2017 | 02:37

Now nearly half a century old, the NFIP grew out of what was, at the time, a basic reality of the insurance business: Flooding risks were actuarially imponderable, so insuring against them was uneconomic for the private sector, especially in places such as the hurricane-prone Gulf of Mexico.

by | September 03, 2017 | 02:35

For homeowners in high-risk areas it could become too expensive and out of reach. "Unfortunately, we don't have an LBJ". Contact your Agent or Company Representative Immediately . Right now the insurance program is borrowing from the U.S. Treasury to cover its costs, which means that ultimately, taxpayers could be on the hook.

by | September 03, 2017 | 02:37

That's according to an Associated Press analysis of federal flood insurance data. It slammed Rockport, Texas as a Category 4 storm when it came ashore last Friday - but was downgraded to a tropical storm by mid-Saturday. But in the Houston area, which bore the brunt of Harvey, many residents didn't have the flood coverage and could have to dip into savings to pay for repairs.

by | September 03, 2017 | 02:34

Hurricanes wreak havoc of many kinds, but Harvey has caused mostly flooding damage due to heavy rain in and around Houston. "It can be financially devastating". For now, flood insurance for ordinary homeowners is handled by the federal government's National Flood Insurance Program (NFIP). If Congress doesn't reauthorize the National Flood Insurance Program, the program would "lapse" and FEMA would be unable to sell more policies.

by | September 03, 2017 | 02:34

Ware Wendell, director of Texas Watch, a consumer advocacy group specializing in insurance issues, said a "man-made catastrophe" could quickly follow the natural catastrophe that struck the Coastal Bend, Houston and the Upper Texas Gulf Coast during Harvey .

by | September 03, 2017 | 02:34

Ware Wendell, director of Texas Watch, a consumer advocacy group specializing in insurance issues, said a "man-made catastrophe" could quickly follow the natural catastrophe that struck the Coastal Bend, Houston and the Upper Texas Gulf Coast during Harvey .

by | September 03, 2017 | 02:35

It also slammed FEMA for leaving the federal flood insurance program - called the National Flood Insurance Program at "risk for fraud, waste, abuse, or mismanagement". "At the end of the day, this is a pocketbook decision for homeowners", Peterson said. If Congress is unwilling to raise premiums, it ought to properly finance the subsidies.

by | September 03, 2017 | 02:37

It also slammed FEMA for leaving the federal flood insurance program - called the National Flood Insurance Program at "risk for fraud, waste, abuse, or mismanagement". "At the end of the day, this is a pocketbook decision for homeowners", Peterson said. If Congress is unwilling to raise premiums, it ought to properly finance the subsidies.

by | September 03, 2017 | 02:34

JetBlue Airways Corporation (NYSE: JBLU ) has risen 18.75% since September 1, 2016 and is uptrending. It has underperformed by 58.59% the S&P500. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock.

by | September 02, 2017 | 21:51

Cigna Corporation now has $46.45 billion valuation. The stock increased 0.52% or $0.18 during the last trading session, reaching $35.07. Intel Corporation (NASDAQ:INTC) has risen 19.47% since September 1, 2016 and is uptrending. Royal Bank Of Canada restated a "buy" rating and set a $83.00 price objective on shares of Nexstar Broadcasting Group in a research note on Thursday, July 6th.

by | September 02, 2017 | 19:27

About 749,057 shares traded. Charter Financial Corp (NASDAQ:CHFN) has risen 40.91% since September 2, 2016 and is uptrending. It has outperformed by 2.77% the S&P500. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

by | September 02, 2017 | 19:22

By firing a missile over Japan and putting the Asia-Pacific, including Guam and its major USA military base, on notice for more tests, North Korea may have won itself greater military space in a region dominated by enemies. North Korea will not give up its plan to become a nuclear power. "I do not think North Korea factored in much military meaning behind yesterday's missile launch, rather yesterday's launch was all about North Korea being stubborn", he said.

by | September 02, 2017 | 18:04

Stifel Nicolaus restated a "buy" rating and set a $64.00 target price (down from $65.00) on shares of Ambarella in a research note on Wednesday, June 7th. Janney Montgomery Scott LLC now owns 8,173 shares of the semiconductor company's stock valued at $447,000 after buying an additional 639 shares during the last quarter.