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Tuesday 15 August 2023

The Daily Money: It's raining. It might be time to check your flood insurance.

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Constant rain is causing flooding in parts of the U.S. This may be a good time to check your flood insurance policy.

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Aug 15 2023

 

Medora Lee  Money and Personal Finance reporter

Mega storms threaten to flood wastewater plants

Across the U.S., municipal water systems and sewage treatment plants are at increasing risk of damage from floods and sea-level rise brought on in part or even wholly by climate change. (AP video by Brittany Peterson/Produced by Brittany Peterson)

AP

Happy Tuesday! It's Medora Lee, from a gloomy and rainy Chicago. People here are waking up to flooded basements and probably pulling out their insurance policies right about now to check what's covered. Yikes!

That's not the only gloom people will feel this morning. Car enthusiasts are giving their final farewells this week to the Chrysler 300 . It was the big, gas-guzzling car that set off the horsepower race in Detroit. "Reviewers loved its looks and performance, but rappers made it chill," writes columnist Mark Phelan.

Sniff, sniff. Pass the tissues, please. We will definitely have to drown our sorrows next week with the new Honey Pepper Pimento Chicken Sandwich and Caramel Crumble Milkshake at Chick-fil-A. Both make their debuts on Monday, Aug. 28.

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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.

13. Iron ore mining (US)     • Market share concentration, top 3 companies:  90.7%     • Cleveland-Cliffs Inc. markets share:  61.8%     • United States Steel Corp market share:  28.9%     • Remaining companies' market share:  <10% combined

After a brief pause in the rally, investors are reacting favorably to news from these two companies.

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