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Powell Raises as Many Questions As Answers With Fed Rate Cut
The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping for. During a news conference, Chairman...
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Johnson Presses EU to Give Way Amid No-Deal Brexit Warnings
Prime Minister Boris Johnson pushed Britain closer to a no-deal exit from the European Union on Monday, insisting he will not hold Brexit talks with EU leaders unless the bloc lifts its refusal to reopen the existing divorce deal. Johnson is trying to pressure the EU to give ground by intensifying preparations for the U.K. to leave in three months...
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Hotel Owner Sues Insurance Company After 2017 Vegas Mass Shooting
More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised legal costs. Las Vegas-based MGM Resorts alleges breach-of-contract and accuses Illinois-based Zurich American Insurance Co. of failing to pay defense...
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Hotel Owner Sues Insurance Company After 2017 Vegas Mass Shooting
More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised legal costs. Las Vegas-based MGM Resorts alleges breach-of-contract and accuses Illinois-based Zurich American Insurance Co. of failing to pay defense...
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UK's May Hits Narrowing Road for Help Rescuing Brexit Deal
Prime Minister Theresa May said she found “a shared determination” among some European leaders Tuesday to persuade the British Parliament to accept a proposed Brexit deal, but her continental counterparts insisted any room for revisions was small. So many British lawmakers oppose the deal on the terms of Britain’s breakup and future relationship with the European Union that May postponed...
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Halloween Is The Scariest Day of The Year for This Financial Shock
Halloween could be scarier for your budget than anticipated: Homeowners and auto insurance claims tend to jump during the holiday. On average, Halloween has 17 percent more home claims for theft, vandalism and other crimes than any other day of the year, according to a new assessment from Travelers. That includes problems like doors kicked in, mailboxes knocked down and...
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Wedding Day Disaster? Insurance Offers Peace of Mind
According to costofwedding.com, the average wedding in Dallas is about $25,000. So NBC 5’s Samantha Chatman decided to look into whether a small investment can ease potential wedding bell blues.
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Tips for Being Financially Prepared for the 2018 Hurricane Season
The Atlantic hurricane season begins June 1 and runs through Nov. 30. The National Oceanic and Atmospheric Administration expects 10 to 16 named storms and, of those, five to nine could become hurricanes. Here are some tips for making sure you’re financially prepared for the hurricane season. Check your homeowner’s insurance policy’s hurricane deductible, and make sure it’s something you...
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Rockwall Woman Loses Thousands of Dollars After Rats Ruin Her Furniture In Storage Unit
A North Texas woman is warning others to pay attention to insurance policies after rodents ruined her furniture she had stored in a Public Storage Unit.
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Consumer Says Wells Fargo Opened Auto Insurance in His Name
Last year, you may recall that Wells Fargo admitted to charging as many as 570,000 consumers for car insurance they didn’t need.
The bank apologized and agreed to pay back all of its affected customers. But after waiting on his refund for months, one Carrollton man called NBC 5 Responds. -
Hawaii's Volcano Eruption May Not Be Covered Under Travel Insurance
Scientists say it’s unclear how long the Kilauea volcano eruption will continue, and that’s leaving many travelers in a panic. But travel insurance experts say the eruption only won’t be covered under most travel insurance policies.
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‘Nature as an Asset': Coral Reef Insurance May Be a Sea Change for Conservation
A groundbreaking new insurance policy is being taken out on coral reefs near the beaches in the Cancún area — not to protect boats or divers but the reefs themselves. Through parametric insurance, a new kind of risk management tool, money collected from a tax paid by local hotels will pay for reef repairs along a 60 km (about 37...
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US: Mexico Playa del Carmen Threat Unrelated to Ferries
The U.S. Embassy in Mexico said Thursday that a security alert about the Caribbean resort of Playa del Carmen was not related to an explosion on a ferry that injured at least two dozen people. The embassy did not specify what kind of security threat it had been informed of in the resort, which is near Cancun, Cozumel and...
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National Fund Starting to Help Bail Defendants Out of Jail
A national effort is launching that aims to help low-income defendants get out of jail by bailing them out as their criminal cases progress through the courts. The Bail Project grew out of a successful 10-year campaign in the Bronx to pay bail for needy cases, led by attorney Robin Steinberg of the Bronx Defenders, a legal assistance nonprofit. She...
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Harvey Shouldn't Impact North Texans' Insurance Premiums
Many consumers are worried that insurance companies will have to raise premiums to pay for all of that damage in Southeast Texas.
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Texas Business Man Used Lottery Payout for Offshore Tax Scam
A man who collected a Wisconsin Lottery jackpot that was rigged by his friend has admitted using the windfall for an investment scheme that produced another wave of undeserved government money.
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Town of Newtown Asks Judge to Throw Out Wrongful Death Suit in Sandy Hook Shooting
The town of Newtown and its Board of Education asked a judge to throw out the wrongful death lawsuit filed by the parents of two children killed during the Sandy Hook shootings in December 2012. The lawsuit, filed in state Superior Court in January 2015, alleges security measures at the school weren’t adequate when Adam Lanza fatally shot 20 first-graders...
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21 Uber Drivers Arrested in Latest Crackdown in Hong Kong
Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial center. It’s the latest regulatory headache for Uber, which already is fighting a similar case in Hong Kong. The drivers were arrested in an undercover operation on suspicion of carrying passengers for hire and not having...
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Callers Claiming to be Prize Patrol on The Prowl in Plano
The Prize Patrol is apparently making it’s way through Plano but it’s not who you think. These guys are apparently pretending to be the Publishers Clearing House and their goal is to take money, not give it.
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Saginaw Hopes Revised Ordinance Will Curb Dangerous Dog Problem
The city of Saginaw is issuing a stricter ordinance to clamp down on pet owners whose dogs are considered dangerous by the city.