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| It's Paul Davidson here to bring you Wednesday's top new stories. |
| The parade of tech company layoffs continued Tuesday with Zoom announcing 1,300 job cuts, amounting to 15% of its workforce. |
| The popular videoconferencing provider beefed up staffing when its service became a must-have for Americans working from home during the pandemic. But Zoom CEO Eric Yuan wrote to employees that the company needs to adapt to the "uncertainty of our global economy." |
| Since the start of the year, about 300 tech companies have laid off nearly 100,000 workers. |
Auto insurance prices rise sharply |
| Inflation may be easing but you won't find relief in car insurance prices. |
| Drivers nationally are spending an average of $2,014 on auto insurance premiums this year, up 14% from 2022, according to Bankrate. By comparison, consumer prices overall were up 6.5% annually in December. |
| An American with an average yearly income of $68,852 is spending 2.93% of it on car insurance, up from 2.57% last year. |
📰More stories you shouldn't miss📰 |
| Powell reacts to strong jobs report. Fed chief says more rate hikes could be needed to lower inflation |
| Are you the lucky winner of the $754.6 million Powerball jackpot? Read this. |
| Should you dally before filing your taxes? Sometimes. |
| Big health care merger: CVS to buy Medicare-focused primary care operator Oak Street Health for $10.6 billion |
Recall alert |
| Honda is recalling about 115,000 vehicles because the back-up video camera image might not appear on the dashboard display. |
| Affected are 2018-2020 Honda Fit Hatchbacks and 2019-2022 Honda HR-V SUVs, according to the U.S. National Highway Traffic Safety Administration. |
About The Daily Money |
| Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
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