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State orders new car insurance ‘stimulus checks’ — are you due another refund? While Washington stopped entertaining the idea of a fourth stimulus check, advocates and at least one state are still pushing car insurance companies to hand you some COVID-19 cash. Some insurers paid discounts and rebates to policyholders when they reaped soaring profits as Americans stayed home more during the Great Driving Slowdown in 2020. Yet government officials, advocacy groups and a class-action… Source link

Federal Reserve Chairman Jerome Powell’s odds at renomination continue to hang in the wind, as the White House works through whether or not they should bring in fresh blood to the head of the central bank. Complicating his path to a second term: a scandal that has engulfed at least three senior Fed officials, centered on big financial bets they made during 2020. Regional Fed Presidents Robert Kaplan and Eric Rosengren stepped down from their roles after reporting revealed bets on real… Source link

Now is the time to hit your boss up for a raise — or even look for a new job, says one economist.  “Worker power is so high right now. That leverage is there because of the tight labor market,” Glassdoor Senior Economist Daniel Zhao told Yahoo Finance Live. “Demand for workers is still red hot.” “Now is a good time to ask for that raise or to even ask for more benefits or more flexibility in the work arrangements,”said Zhao. “Employers right now are not just raising wages, they’re also… Source link

Wall Street has come out with a highly caffeinated outlook for newly minted public company Dutch Bros.  Shares of the upstart coffee retailer exploded nearly 13% to $48 on Monday — making the stock a top trending ticker on Yahoo Finance before midday — after investment banks initiated mostly coverage on the company after its successful late September IPO.  Five analysts initiated coverage with ratings equivalent to Buys, despite shares being up more than 85% since the Dutch Bros’s Sept…. Source link

A California woman with more than $350,000 in student debt served as her own lawyer in personal bankruptcy and saw 98% of her loans discharged in the latest case in a growing trend. Court filings show that the Education Department (ED) and the Los Angeles-based woman, Mis Loe, agreed on August 30 that Loe would pay $7,200 of her $356,637.82 in outstanding loans (at a fixed monthly rate of $60 for 10 years or until October 1, 2031). Once Loe completes the $7,200 payment by October 2031,… Source link

[unable to retrieve full-text content]Get the inside scoop on the 2021 football season with Yahoo Sports  NTV Source link

The supply chain crisis is likely to hit holiday season given the immense backlog that’s still unresolved, one expert said, and the current state of the labor market isn’t helping. Supply chains have been bogged down for weeks with bottlenecks in shipping and labor shortages in trucking, causing massive delays in moving goods across borders. Many experts expressed concerns that the delays could lead also to elevated inflation. “Let’s look at the math: It’s 14 days to get a container from APAC… Source link

Luxury’s biggest players start reporting third-quarter results this week, and Barclays doesn’t expect them “to be a key catalyst for the space.” After speaking with more than 50 investors across Europe, Asia, the U.S. and the Middle East, the British bank found “a cautious view on the sector, mainly because of the lack of visibility around China and concerns around growth normalization after a strong COVID-19 recovery period.” More from WWD “We think investors will need… Source link

Stocks rose Monday as investors mulled ongoing signs of inflation and supply-related challenges and awaited more data on corporate earnings.  The S&P 500, Dow and Nasdaq each pushed into positive territory to shake off overnight losses. Treasury yields gained across the curve, and the benchmark 10-year yield hovered around 1.61%, or its highest level since June.  U.S. West Texas intermediate crude oil futures extended gains after logging a seventh straight weekly advance, jumping by another… Source link

Alibaba Group Holding Ltd (NYSE: BABA) is trading higher Monday morning after China fined food delivery giant Meituan $534 million for antitrust violations, which increased investor optimism that China’s regulation on their large tech companies is easing. China technology stocks listed in Hong Kong rallied following the announcement as the $534 million fine was not as large as expected. Jefferies analysts said the antitrust fine has removed an “overhang” over Meituan. “We believe the SAMR… Source link