Allstate Announces January 2024 Catastrophe Losses and Implemented Rates

NORTHBROOK, Ill., February 15, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of January of $276 million or $218 million, after-tax. Estimated January catastrophe losses of $325 million were primarily driven by two events that comprised approximately 80% of the losses, partially offset by favorable reserve reestimates for prior events. “Allstate continues … Read more

Minutes of Work per Gallon of Gasoline, January 2024: 6.2

Divide the price of gasoline by average hourly earnings of private sector production and nonsupervisory workers: Figure 1: Number of minutes of labor per gallon of regular gasoline – all private NFP (blue), and leisure and hospitality workers (tan). NBER defined peak-to-trough recession dates shaded gray. Source: EIA and BLS via FRED, NBER, and author’s … Read more

Some Reactions to the Employment Situation Release for January

Here’s FoxBusiness’s web coverage of the employment release (around 4pm CT): No mention of the jobs report. One of the articles I find in a search has a title displaying cognitive dissonance, “U.S. heads toward slow recovery with 353,000 jobs added in January: The economy is growing fast, but Fed still waiting on rate cuts”. … Read more

January homebuilder sentiment improves, following mortgage rate drop

A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois. Scott Olson | Getty Images Homebuilder sentiment improved in January, jumping 7 points to 44 on the National Association of Home Builders monthly index. Anything below 50 is still considered negative, but the index has now moved 10 points higher … Read more

What is Systeme.io + how it works + my review (January 2024)

Home » Make Money » The Truth About Systeme.io: Game-Changer or Just Another Gimmick? Systeme.io has burst onto the digital marketing scene, brandishing a bold claim as an all-in-one, free platform. Let’s face it, when you hear something like that, your first thought is, “This has got to be too good to be true.” That … Read more

Singapore Savings Bonds SSB January 2024 Yield Plunges to 3.07% (SBJAN24 GX24010F)

Here is a safe way to save money that you have no idea when you will need to use or your emergency fund. The 10-yr and 1-yr Singapore Savings Bonds rates since the first issue in Oct 2015 The January 2024’s SSB bonds yield an interest rate of 3.07%/yr for the next ten years. You … Read more