8.1K views · 1.2K reactions | The pandemic has raised the stakes. We’ll deliver stories that matter, with accuracy, context and perspective. Join us weeknights at 7 p.m. ET on CNBC. | CNBC | Facebook
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Fast-moving wildfires have wreaked havoc across Los Angeles in recent weeks. Following the outbreak of the Hughes fire, the structural toll of the January wildfires now exceeds 16,000. Early estimates place the economic toll of the fires between $250 billion and $275 billion. Now, property insurers in the state are facing a historic payout, an estimated $40 billion. Several major property insurance companies, including the state's largest insurer, State Farm, announced pullbacks in coverage in r
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7.7K views · 116 reactions | The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The monthly saving rate fell to a 15-year low in 2022. It started a recovery in 2023, but remains well below long-term trends. More here: https://cnb.cx/3p7UaSD | CNBC | Facebook
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Why people are buying bankrupt stocks like Hertz, and everything else you missed in business news: CNBC After Hours https://cnb.cx/3cLEY1l | CNBC
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