ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Dockworkers at ports from Maine to Texas are officially on strike, Medora Lee reports, after the clock struck midnight with no new labor deal in hand. |
Thirty-six East and Gulf coast ports shut down as 45,000 union workers walked off the job after labor negotiations stalled between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX). The strike only exacerbates some temporary port closures in places like Florida, the Carolinas and Georgia in the wake of Hurricane Helene. |
A civil rights battle brews in New England |
In a leafy suburb in a deep-rooted section of eastern New England, America's housing fissures are coming to a head. |
Two years ago, the affluent, mostly white town of Milton, like several dozen others near it, was told by the Massachusetts state legislature that it must take steps to allow more, and denser, housing, Andrea Riquier reports. Yet, after Milton spent thousands of dollars and countless hours developing a plan, roughly 5,000 voters shot it down. |
When housing is so scarce that it slips out of reach of most people in the area, what is a community's responsibility to help? Should state government intervene, and if so, how far should it go? |
📰 More stories you shouldn't miss 📰 |
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
It was 2019 when Anjali Tierra decided that homeowners insurance wasn't worth the price. |
The retired high school teacher took out a policy in late 2018 after purchasing a three-bedroom home nestled in the Tehachapi Mountains of southern California. She considered the insurance affordable at less than $100 a month. |
But the following year, when Tierra's insurance provider sent her a renewal notice, she learned her monthly payment had jumped to $350. She's been without homeowners insurance ever since. |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | East and Gulf coast port workers walked off the job at midnight after failing to agree to a new contract with the United States Maritime Alliance. | | | | Do cities and towns have a responsibility to help house all kinds of residents in homes they can afford – and can states compel them to do so if they refuse? | | | | A recent study from the Insurance Information Institute found 12% of Americans no longer have home insurance, up from 5% in 2019. | | | | Only 21 electric vehicles are known to have caught fire during Hurricane Ian, which damaged 358,000 vehicles in Florida and the Carolinas. | | | | It's challenging when an employee who has performed well experiences a decline. Be open to the idea that the cause may be from any number of sources. | | | | Here's how Elliott Hill will look to turn the company around. | | | | Powell said two more rate cuts are possible if the economy continues to perform as expected, though they are likely to not be as aggressive as the cut two weeks ago. | | | | Longshoremen going on strike at East Coast ports in the US could cost the US economy $5 billion a day and cause holiday shipping delays, experts say. | | | | Tax Cuts and Jobs Act sunset next year will mean higher tax rates as interest rates drop. That's bad for savers. Here's how to avoid the squeeze. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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