Ex-Lordstown Motors Corp. Stephen Burns settled with the U.S. Securities and Exchange Commission on Friday over his statements about demand for the electric vehicle maker’s flagship truck, the Endurance.
While the rising number of immigrants in the U.S. has sowed division among politicians across the country — and stoked angst among a swath of voters — there’s one place where almost everyone seems on the same, upbeat, page: Wall Street.
Last month, the nonpartisan Congressional Budget Office (CBO) calculated that immigration will generate a $7 trillion boost to gross domestic product over the next decade. The agency came to that conclusion after incorporating the recent surge in immigration.
The CBO release spurred a flurry of fresh number-crunching among investment bank economists, to account for the boost those new comers are giving to the labor force and consumer spending. Goldman Sachs Group Inc. revised up its near-term economic growth forecasts Sunday. JPMorgan Chase & Co. and BNP Paribas SA were among banks that acknowledged the economic impact from surging immigration in recent weeks.
“Immigration is not just a highly charged social and political issue, it is also a big macroeconomic one,” Janet Henry, global chief economist at HSBC Holdings Plc, wrote in a note to clients Tuesday. No advanced economy is benefiting from immigration quite like the U.S., and “the impact of migration has been an important part of the U.S. growth story over the past two years.”
By Isabel Contreras | NerdWallet
Spring break is just around the corner, and many Americans will soon flock to Mexico’s white sand beaches and bustling cities to enjoy their time off. But those opting for a road trip will need to sort out their car insurance coverage first. Mexico legally requires all drivers, including American tourists, to have liability insurance, and failing to purchase enough insurance could land drivers in jail should they cause an accident.
Standard U.S. auto insurance policies won’t cover drivers south of the border, so it’s vital to purchase Mexican car insurance before making the trip.
Many large U.S. insurance companies partner with Mexican insurers to offer Mexican car insurance to their customers. Plans are flexible, starting at a single day of coverage and going for as long as a year. Another option is to purchase insurance from a U.S. broker that specializes in Mexican car insurance.
Mexico requires drivers to hold 100,000 Mexican pesos (around $5,800) for bodily injury and death liability coverage and 50,000 Mexican pesos (around $2,900) for property liability damage. If you’re caught driving in Mexico without this minimum coverage, you may face a fine of at least $200. If you cause an accident while driving uninsured in Mexico and cannot pay for the damages you caused, you could face jail time. That’s because in Mexico, all car accidents are considered criminal offenses, not just civil matters.
It was bound to happen sometime, but Disney Cruise Line waited until its last of three new sister ships to name one Disney Destiny.
The sister ship to Disney Wish, which debuted out of Port Canaveral in 2022 and the soon-to-debut Disney Treasure arriving in Central Florida this December, the third ship in what was originally called the Trident class had its keel laying ceremony Wednesday at the Meyer Werft shipyard in Papenburg, Germany.
It won’t start sailing until 2025, and its home port has yet to be named, but among the details revealed for what will be the eighth ship in the cruise line’s fleet was the theme of the vessel, “Heroes & Villains.”
As such, the filigree artwork for the bow will be of Minnie Mouse wearing a superhero-style outfit complete with a cape.
The cruise line said among the characters from which it will mine features on board will be classic Disney animation films, “The Lion King,” “Hercules” and “One Hundred and One Dalmatians.”
Disney of course owns plenty of good vs. evil intellectual property including Star Wars and Marvel.
TALLAHASSEE — Florida’s unemployment rate held at 3.1 percent in February for the third consecutive month, even as job losses were posted in many industry sectors.
The unemployment rate for the Orlando-Kissimmee-Sanford metropolitan statistical area rose to 3.2 percent from 3.1 percent in January.
The Miami-Fort Lauderdale-West Palm Beach area had the state’s lowest unemployment rate at 2.5 percent. Other rates included the Tampa-St. Petersburg-Clearwater and Jacksonville areas at 3.3 percent and the Pensacola-Ferry Pass-Brent area at 3.4 percent. The Homosassa Springs area had the highest rate at 5.2 percent, while The Villages was at 5.1 percent.
The unemployment rate in the state held as a growing labor force continues to counter the number of people who are out of work.
The Florida Department of Commerce on Friday estimated 345,000 Floridians qualified as unemployed in February, up 5,000 from January and up 44,000 from February 2023. Meanwhile, the labor force totaled 11.089 million in February, an increase of 12,000 from January and up 217,000 from a year earlier.