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Major insurer gives brutal ultimatum to entire state: Let us put up prices by 50 percent

The firm, State Farm General, asked the state's Department of Insurance Thursday to let them raise residential insurance rates for millions of citizens, or see them move out. The move indicates financial trouble for the insurance giant, which currently covers homes razed by wildfires. State Farm disclosed it is seeking a 30 percent rate hike for homeowners, a 36 percent increase for condo owners, and a 52 percent increase for renters as a result - a move that would only worsen the state's already present housing crisis. 'This has the potential to affect millions of California consumers and the integrity of our residential property insurance market,' insurance commissioner Ricardo Lara said in a statement - as the filings make their way through the proper channels.

One of the biggest cable companies is raising its TV, internet and phone plan prices in July.

Americans might be concerned about the price of an EV or they may envision the car running out of battery without a charging point nearby. But how many of these fears are justified?

America's fastest-growing retirement hotspots - and none are in Florida

Retired Darius McLintock is clear why life is fantastic in Mesa: Crime is low, hospitals excellent, housing is cheap and it hardly ever rains. The city in Arizona last year was the top destination for seniors.  McLintock also pointed out the city's low unemployment rate, the varied natural beauty of the nearby mountains and desert as well as the lack of extreme weather events such as tornados. 

US banks said last week they plan to shutter ten branches - and eight of those belong to one of biggest banks in America.

If you want to save money and time at the supermarket, Will Coleman says he has the answer. It's called the 6 to 1 rule, and it makes shopping easier because you don't to bring a list.

Sister reveals how her brother's ex-girlfriend is getting his $250,000 life insurance

On Thanksgiving last year, Dawn Williams had a casual conversation with her brother Dave about the state of his estate planning. She had been working on creating a trust last year and wanted to see what stage he was at. The siblings, both in their early fifties, were the only remaining members of their family as both their parents had passed away. Dave reassured his sister that he would pass everything onto her, and would work on changing the primary beneficiary listed on his $250,000 life insurance policy, which was still listed as his ex-girlfriend. But on December 31, Dave passed away in his sleep after a brief illness, before he had changed the policy.

The astonishing level of unanswered calls to the IRS has been revealed.

Constantly changing rules mean that many people are confused about what is required of them if they inherit a 401(K) or an IRA.

EXCLUSIVE

A 401(K) is a valuable vehicle for workers to build up a nest egg for retirement. But Americans should not put all their savings in their workplace plan, according to a financial planner.

The American cities where home prices are falling the most - with a beach paradise and

Home prices are finally starting to steady following pandemic boom, and have already begun falling many cities across the country. Indeed, twenty of the US's fifty largest cities have seen annual price declines since last year, according to a new report by Realtor.com.  The news will be welcome to cash-strapped first time buyers and others looking for a cheaper change of scene. 

Why you should avoid buying property in these states over the next five years, according

Experts have revealed the states where Americans should avoid buying property in the next five years. While some states may have beautiful scenery, vibrant cities or a strong job market, other factors may make them an unwise destination for prospective homebuyers. Escalating insurance costs could be a problem in some states, while buying a home in others may simply be unaffordable for most Americans. Whether you are saving to buy a house or waiting for mortgage rates to fall, researching the market now can help you decide where to invest in the future.

The cut-price supermarket is planning a 185,000sqft store in South LA at 5035 Coliseum Street on a vacant five-acre lot that used to be a hospital, but that is only part of the development.

So-called 'zombie mortgages' are coming back to life across the US as home prices rise, experts are warning.

Home prices are falling in four former hotspots, as near-record housing costs push homebuyers away.

A little-known element of the insurance industry is pushing up homeowner premiums, consumer advocates are warning.

The proportion of single-family homes being built for rent has doubled in two years as corporates eye up those who have had enough of paying a mortgage

One presidential candidate ran up twice as much national debt as the other - as US faces

The winner of November's presidential election faces a grim fiscal outlook, with the national debt on course to reach a record share of the economy under the next administration. The debt passed over the $34 trillion mark at the beginning of this year, and is poised to top $56 trillion by 2034, according to projections earlier this month.

A clothing retailer that used to cater to svelte white teens has seen a huge stock rise in the last year due to key strategic changes. It's an even better performer than Nvidia.

A group of 16 Nobel prize-winning economists have issued a stark warning that inflation would be worse under Donald Trump.

An economist has re-emphasized his warning that the stock market is going to crash much worse than it did during the 2008 financial crisis.

The five most expensive cities for burger, fries and soda - NYC and LA aren't among them

Fast food has soared in price in the last few years across the US, but new analysis has revealed the most expensive city to buy a burger, French fries and a soda. MoneyGeek analyzed prices for a burger, fries and soda across 189 major and local chains in 50 of the largest cities in America. Across the country, stubborn inflation has meant that prices have risen 24 percent on average between 2022 and 2024, with the meal topping $15 in 19 of the largest cities.

Starbucks is finally tackling one of its customers top bugbears - but experts are warning that it is unlikely to lure back lapsed patrons.

Hundreds of thousands of pet owners have been left without coverage after a a major insurer abruptly canceled pet policies earlier this month.

A major national chain is to close a 'significant' number of its 8,700 US stores. It is the latest huge retailer to struggle.

EXCLUSIVE

Customers have hit out at McDonalds over 'outrageous' prices for its so-called $5 meal deal. The fast food chain is understood to be investigating the high prices.

Police have been forced to issue an urgent warning after discovering a worrying new self-checkout scam. 

An iconic American brand known the world over is closing its last US factory - to take advantage of cheaper wages in Mexico.

Secondhand EVs now cost less than used gas cars - as the electric vehicle backlash

Secondhand electric cars are now cheaper than their gas counterparts for the first time - and the gap is widening quickly. This is according to a new study from comparison site iSeeCars, which found the cost of an average used EV dropped $265 below a typical gas car in February. This marked the beginning of the trend - and the price gap has grown to $2,657 as of latest data from May. In the last year, average used car values have dropped between 3 and 7 percent, the report found, while used EV values have dropped between 29 and 39 percent. While this price drop may be good news for Americans looking for a cheaper switch to an EV, the price crash is yet another indication of dwindling demand for the cars in the US.

$65,000 might seem like an arbitrary price cap for a list of excellent performance cars, but look it's a sweet spot for some of today's most compelling performance offerings.

Thieves are targeting charging stations and stealing the cables, which can disable entire stations, forcing owners to search desperately for another working charger.

Formed in 1941 to supply vehicles to the American army, an automaker renowned for its rugged off-road vehicles that guzzle gas has unveiled its first electric car.

American Airlines backtracks on major change to earning air miles

American Airlines has backtracked on a controversial decision which would have made it more difficult for customers to collect miles and loyalty points. Earlier this year, the airline said it would start limiting which tickets purchased through a third parties - such as travel agents or online booking sites - were eligible to earn AAdvantage miles and loyalty points. It would have been the first carrier to make the move, pushing customers to buy tickets directly from its website. But in good news for travelers, the company has dropped the idea, which was due to come into force on July 11.

A major airline is offering customers $29 tickets for 100 domestic routes. Popular destinations include Chicago, New York, and Los Angeles.

Delta Air Lines will offer its premium economy service on flights between Los Angeles and New York City from September, the airline has announced.

More bad news for customers of Southwest Airlines - a major perk faces the ax and could see passngers paying an extra $100 per flight.

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