Government shutdown averted as Biden signs funding bill

CNN  —  The House of Representatives voted on Friday to approve a stopgap bill to fund the government through December 16, averting a shutdown just hours ahead of a midnight deadline when funding was set to expire. President Joe Biden signed the bill Friday afternoon. The Senate passed the measure on a bipartisan basis on … Read more

There are no American F1 drivers. McLaren CEO thinks he knows why

Formula One is revving up for the Singapore Grand Prix this weekend with a stunning cast of racers, but none of them are from the United States — and McLaren’s CEO Zak Brown has a theory about that. “The talents are there, the resources are there. It’s really about when and where they get started … Read more

Evening Update: Putin signs documents to illegally annex four Ukrainian regions, in drastic escalation of Russia’s war

Good evening, let’s start with today’s top stories: Russian President Vladimir Putin proclaimed Friday that four regions in Ukraine will become part of Russia, an illegal land grab that dramatically escalates Russia’s war in Ukraine. “I want everyone to remember that people who live in Donetsk and Luhansk and Kherson and Zaporizhzhia, now they become … Read more

How to protect your 401(k) in a bear market

Editor’s Note: This is an updated version of a story that originally ran on August 29, 2022. Stocks and bonds are trading in bear territory. And given current circumstances, it’s fair to assume the markets will remain volatile for awhile. Interest rates are rising quickly in the US and Europe amid government efforts to tamp … Read more

Before, after images show Hurricane Ian storm surge completely destroyed some Sanibel Island, Florida hotels

CNN  —  Many beach cottages that lined the shores of Sanibel Island were wiped away by Hurricane Ian’s storm surge, new aerial imagery from NOAA shows. Most homes on Sanibel and Captiva islands are still standing, but appear to have sustained some form of roof damage, in addition to certain storm surge and flooding damage. … Read more

Biden calls Nord Stream pipeline leaks a ‘deliberate act of sabotage’

CNN  —  President Joe Biden on Friday called the leaks in the Nord Stream pipelines a “deliberate act of sabotage” and accused Russia and President Vladimir Putin of “pumping out disinformation and lies,” though he did not directly accuse Moscow for the leaks. Biden’s strong words mark the first time he’s directly asserted that the … Read more

Sanibel Island : A ‘war zone’ where some stranged choose to leave and other stay

Sanibel Island, Florida CNN  —  An older couple who rode out Hurricane Ian in their home on Sanibel Island in Florida could not agree on evacuating after parts of the causeway to the mainland were destroyed. “We’re going. We’re going,” the unidentified man told his partner as she looked down from the home’s upper porch. … Read more

US imposing ‘swift and severe costs’ on Russia following Putin’s Ukraine annexation

CNN  —  The US is imposing what it describes as “swift and severe costs” on Russia, including sanctions on a figure the Biden administration says is key to Russia’s economy, after President Vladimir Putin announced the annexation of regions of Ukraine following what the West casts as “sham referenda.” Putin signed documents on Friday to … Read more

Stubborn inflation forces more Americans to live paycheck to paycheck

Inflation is a persistent problem The consumer price index, which measures the average change in prices for consumer goods and services, rose a higher-than-expected 8.3% in August, driven by increases in food, shelter and medical care costs. Although real average hourly earnings also rose a seasonally adjusted 0.2% for the month, they remained down 2.8% from … Read more

Florida’s home insurance market was a mess before Ian. It’s about to get worse

New York CNN Business  —  Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The devastating storm is about to make things worse — even for those fortunate enough to escape any damage. For the better part of two decades, the nation’s major insurers have wanted as little … Read more