Assembly Ventures closes $76 million fund focused on next-generation transportation tech
Assembly Ventures’ closing of its inaugural fund is a bright spot amid headwinds in the overall global venture market.
EV charging satisfaction continues to drop, J.D. Power says
As EV adoption increases, J.D. Power says industry leaders should be concerned.
Cybersecurity for increasingly software-dependent autos largely voluntary
The Biden administration says it wants to shift cybersecurity burdens from individuals, small businesses and local governments to automakers and other big companies.
DeSantis’ tourism district asks judge to declare it winner of Disney lawsuit
Gov. Ron DeSantis’ tourism oversight district asked a state judge Tuesday to rule in its favor against Disney, a day after the governor said he has moved on from his feud with the entertainment giant.
The courts should declare development agreements limiting the tourism board’s authority over Disney World’s future development null and void, lawyers for the Central Florida Tourism Oversight District wrote in a motion for summary judgment.
The legal battle involves a special taxing district, formerly known as the Reedy Creek Improvement District, that oversees government services for Disney World. For years, Disney controlled that district and elected its board members.
But earlier this year, the Legislature put DeSantis in charge of picking the board members. He then replaced the Disney-friendly board members with five of his Republican allies, vowing to end Disney’s special government arrangement in Florida.
But when the new DeSantis-appointed board took over, it discovered the previous Reedy Creek board had approved agreements preserving Disney’s control over growth and development
Travel vs. savings: Many Americans are prioritizing wanderlust amid economic uncertainty
Trying to cut back on spending is never easy, and it becomes even more difficult if all you want to do this summer is go on a summer vacation. As travel has grown more expensive, ongoing economic uncertainty means some Americans may be reconsidering their priorities: spend their hard-earned money on a vacation or reserve it for emergency savings?
Bankrate has found that Americans are typically choosing to spend money on travel, even when their emergency fund is low.
Slightly less than half (44 percent) of U.S. adults who have traveled or anticipate taking a leisure trip this year have spent, or plan to spend, at least $1,000, according to a June 2023 Bankrate survey. Simultaneously, 52 percent of U.S. adults have less than three months’ expenses in emergency savings, according to a separate June 2023 Bankrate survey. That includes 22 percent of people who have no emergency savings at all.
Spending money on a vacation isn’t inherently irresponsible, but spending money instead of putting it aside in savings can sometimes cause guilt. Although building your emergency fund is a top priority during economic uncertainty, that doesn’t mean you have to sacrifice discretionary spending or vacations. By considering what’s important to you and taking stock of your budget, you can save for the future and enjoy your time now.