Jerome Powell's first policy meeting as chairman of the Federal Reserve is likely to result in an interest-rate increase to 1.5% to 1.75%, market forecasters say. This week's meeting "could set the tone for the rest of this year and beyond, and investors will be wondering whether Mr. Powell sanctions a more aggressive stance than the markets currently expect," says Russ Mould of AJ Bell.
A University of Wisconsin study found that motorcyclists who wear helmets are half as likely to experience a neck injury in a crash as those who refrain from wearing helmets. Wisconsin, which mandates helmet use only of motorcycle riders age 17 and younger, is one of 28 states with helmet laws that do not apply to all riders, according to the Insurance Institute for Highway Safety.
The National Highway Traffic Safety Administration is investigating problems reported with air bags that failed to deploy in Hyundai and Kia vehicles, resulting in four deaths and six injuries. The key issue being explored in the investigation, which covers 425,000 vehicles, is whether an electrical overstress condition occurred in air-bag control units manufactured by ZF-TRW.
A Rideshare Guy survey found that 46.8% of respondents who work with transportation-network companies said they have not purchased ridesharing-specific coverage, while 46.5% said they had obtained such coverage. The same survey in 2017 found 58.3% of respondents saying they did not have ridesharing coverage.
Uber and Toyota are in talks about a potential partnership through which the transportation-network company would place its self-driving technology in a minivan model, according to a report. Toyota said in January that it is collaborating with Uber on using such technology for parcel delivery and ride hailing, among other functions.
Some California officials and lawmakers say the state needs greater involvement in disaster warnings, readiness and recovery after a recent report found problems with wildfire warnings sent by Sonoma County. Legislation that could emerge in California includes a bill requiring updates to disaster-warning systems, which another measure would automatically enroll all state residents in emergency-notification systems.
Legislation to establish a fine of as much as $500 for texting while driving has gained approval from Maryland's House of Delegates and now moves to the Senate Judicial Proceedings Committee, which in 2017 gave an unfavorable review to a similar bill. Critics of the current legislation say the fine is too steep for many people, although supporters say judges would not have to impose the full fine.
At a minimum, financial advisors and wealth managers need to incorporate health care costs into retirement and investment planning, writes Ryan McCostlin, a member of Bernard Health's advisory team. He notes advisors can also fill a need for more comprehensive, customized advice, which can set them apart from the competition.
Small advisory firms that have enjoyed growth thanks to a surging stock market could face big problems when the next market downturn hits because of how closely revenue is linked to assets under management, experts say. Firms that have taken advantage of technological improvements and those that charge flat fees may be better positioned than others in the event of a downturn.
Authorities are investigating what caused a 5-day-old Miami pedestrian bridge to collapse, leaving at least six people dead and 10 injured. The bridge had undergone a stress test before it failed, and its construction involved an accelerated construction method meant to mitigate risks to workers and disruption of traffic.
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