increases - Shore News Network

Car Insurance Premiums See Double Digit Increases in New Jersey in 2024: Here’s How Much

Breaking Local News ReportNovember 30, 20240

It’s no secret that auto insurance rates have been climbing higher than Spider-Man scaling a skyscraper, and if you’re in New Jersey, the trend continues. According to recent data from the New Jersey Department of Banking and Insurance, providers have been hitting the rate hike button more often—and at steeper percentages. Here’s what’s going down with your premiums, and why your wallet might feel the pinch. The Numbers Don’t Lie (But They Do Hurt) Some of the biggest names in auto insurance have filed for significant rate increases. For instance, Allstate New Jersey asked for a whopping 29% bump effective

New York City Subway Service to the Beach Increases for Summer

Breaking Local News ReportJuly 7, 20240

NEW YORK, NY— Governor Kathy Hochul today unveiled the next phase of subway service increases, set to improve transportation across the Bronx, Brooklyn, Manhattan, and Queens. Effective Monday, enhanced weekday midday and evening services have been implemented on the B, D, J, and M lines, with trains now arriving every eight minutes. Starting this Saturday, July 6, the 3 and 5 lines will also see enhanced weekend service, with trains arriving every 10 minutes. “While transit systems across the country were cutting service, I fought hard to save the MTA from the fiscal cliff and expand subway service in last

NYPD Seizes Over 100 Illegal Scooters as Motorized Crime Increases

Breaking Local News ReportJune 15, 20240

QUEENS, NY — Queens District Attorney Melinda Katz, in conjunction with the NYPD, has taken a significant step towards curbing illegal scooter use linked to criminal activities across several neighborhoods including South Jamaica, South Ozone Park, and Jackson Heights. In a recent operation, 99 scooters, primarily unregistered and uninsured, were seized due to their illegal parking on sidewalks and streets. The crackdown also resulted in the confiscation of one unregistered motorcycle and one unregistered dirt bike. The heightened enforcement efforts led to the seizure of an additional five scooters in motion, including one at the intersection of 135th Avenue and

Jackson Officials Call for Repeal of New Jersey’s New Gas Tax and Toll Increases

Breaking Local News ReportApril 26, 20240

JACKSON, NJ – Jackson Township Mayor Michael Reina and the township council are calling for the repeal of the most recent increases in tolls on the Garden State Parkway and New Jersey Turnpike and against the new increase to the New Jersey gasoline tax. In order to fund additional projects and maintenance, the New Jersey Turnpike Authority has increased tolls on both major highways as of March 1st, but officials statewide have criticized the authority’s spending and accountability in recent years. This represents the third time in four years the state has increased tolls, which are used by many Jackson

Supreme Court Approval Rating Increases After It Blocked Colorado From Kicking Trump Off Ballot

The Daily CallerApril 4, 20240

The Supreme Court’s approval rating has increased after it ruled that states could not disqualify former President Donald Trump from their 2024 ballots, according to a new poll published by Marquette University Law School on Wednesday. The Court, in Trump v. Anderson, ruled that the Colorado secretary of state could not prohibit Trump from appearing on the ballot in the 2024 presidential election for his actions on Jan. 6, 2021, surrounding the storming of the U.S. Capitol, which the state’s supreme court had argued disqualified him under Section 3 of the U.S. Constitution’s 14th Amendment. Following that ruling, the Court’s

New Jersey GOP Leaders Slam Tax Increases Ahead of Murphy’s Budget Address

Conservative TimesFebruary 23, 20240

TRENTON, N.J. – Assembly Republican Leader John DiMaio and Conference Leader Christopher DePhillips have voiced strong opposition to the proposed tax and fare increases ahead of Governor Phil Murphy’s seventh budget message. With New Jersey facing a budget deficit that may rise from $1.5 billion to $2 billion this year, alongside shrinking tax revenue, inflation, and a decrease in federal aid, the state’s Democrats are considering hikes on taxes and fares affecting taxpayers, businesses, and commuters. DiMaio criticized the substantial spending increases over the past six budget cycles, amounting to $20 billion, which he believes will significantly impact the state

CBP Increases Recruitment Incentive for Border Patrol Agents

US Border PatrolJanuary 20, 20240

WASHINGTON – U.S. Customs and Border Protection (CBP) is increasing its recruitment incentives to as much as $30,000 for newly appointed U.S. Border Patrol agent applicants who enter duty on or after Jan. 8, and meet the requirements for the incentives. “Getting into law enforcement can be difficult. Often, candidates must be willing to move to a new location,” said Jason Owens, Chief, U.S. Border Patrol. “The mission of the U.S. Border Patrol is one of national security. It plays a vital role in keeping our communities and our country safe. It is both exciting and rewarding work, offering the

Porsche increases 2023 deliveries despite China slump

ReutersJanuary 12, 20240

BERLIN (Reuters) – Luxury carmaker Porsche increased its deliveries by 3% in 2023, with 320,221 vehicles delivered worldwide, as growth in Europe and North America offset a challenging market in China, the company said on Friday. Deliveries increased by 12% year-on-year in Europe, excluding the home market Germany, which saw a 10% increase, Porsche said. In North America, the company saw a 9% rise. In China, deliveries dropped by 15% in 2023, “mainly due to the ongoing challenging economic situation in the region,” the company said in a statement. (Reporting by Christina Amann, Writing by Rachel More, Editing by Miranda

NATO increases military budget by 12% to 2.03 billion euros

ReutersDecember 13, 20230

BRUSSELS (Reuters) – NATO said on Wednesday that it was increasing its military budget for 2024 by 12% to 2.03 billion euros and its civil budget by 18.2% to 438.1 million euros. Increasing and broadening the use of NATO common funding allows allies to more effectively address shared security challenges, NATO said in the statement announcing the increase. NATO’s civil budget provides funds for personnel, operating costs and programme expenditures of NATO’s headquarters and its international staff, while the military budget covers the operating costs of NATO Command Structure headquarters, missions and operations around the world. (Reporting by Charlotte Van

New Jersey Increases Penalties for Attacking Youth Sports Refs, Umpires

Conservative TimesDecember 8, 20230

TRENTON, NJ – The Senate Judiciary Committee has advanced a bill sponsored by former Governor Richard Codey and Senator Joseph Lagana, aiming to address the growing issue of violence against youth sports officials. The bill, S-709, seeks to upgrade the classification of assaults on these officials, reflecting the seriousness of such offenses. Under the proposed legislation, any assault against a youth sports official resulting in bodily injury would be classified as a third-degree crime, potentially leading to a prison term of three to five years, a fine of up to $15,000, or both. If the assault does not result in

New Jersey’s Campbell’s Soup Surpasses Wall Street Expectations After Price Increases

Charlie DwyerDecember 6, 20230

CAMDEN, NJ – Campbell Soup Company reported a surpassing of Wall Street expectations for quarterly profit on Wednesday. The company’s strategy of increasing prices for its snacks and packaged meals contributed to this outcome, despite a noticeable decrease in consumer demand. Shares of Campbell rose 2% in premarket trading following the announcement. The company is also on track to complete the acquisition of Sovos Brands, the owner of Rao’s, by next year. Campbell reaffirmed its outlook for the full year 2024. CFRA Research analyst Arun Sundaram commented on the company’s consistent performance, noting the positive aspect of maintaining guidance levels

Brazil increases northern border military presence amid Venezuela-Guyana spat -ministry

ReutersNovember 29, 20230

BRASILIA (Reuters) – Brazil “has intensified defensive actions” along its northern border as it monitors a territorial dispute between its neighbors, Guyana and Venezuela, the country’s defense ministry said on Wednesday. “The Ministry of Defense has been monitoring the situation. Defensive actions have been intensified in the northern border region of the country, promoting a greater military presence,” it said in a statement. Brazil’s push to move more military resources north comes amid rising tensions between Venezuela and Guayana over an oil-rich region known as the “Esequiba,” which constitutes over two thirds of Guyana’s total land mass. Venezuela’s claims on

Israel-Hamas Conflict Increases Risk Of Islamist Terrorist Attacks In Europe, Officials Say

The Daily CallerNovember 25, 20230

Israel-Hamas Conflict Increases Risk Of Islamist Terrorist Attacks In Europe, Officials Say Brandon Poulter on November 24, 2023 The risk of terrorist attacks in Europe by Islamists radicalized by the Israel-Hamas conflict is on the rise, European security officials told Reuters. Intelligence and police officials in several European countries, including Germany, France and Britain, said that they are increasing their surveillance of Islamist militants, according to Reuters. The risk of terrorist attacks is likely from “lone wolf” attackers who are hard to track and act on their own, officials told Reuters. “It’s only a question of time until these people

Analysis-Gaza war increases risk of Islamist attacks in Europe, security officials say

ReutersNovember 24, 20230

By Andrew MacAskill, Michael Holden and Sarah Marsh LONDON/BERLIN (Reuters) – European security officials are seeing a growing risk of attacks by Islamists radicalised by the Israel-Hamas war, with the biggest threat likely to come from “lone wolf” assailants who are hard to track. More than 10 intelligence and police officials in five European countries including Britain, Germany and France told Reuters they are increasing surveillance of Islamist militants. This will put a further burden on resources already stretched by dealing with perceived threats from Russia, China and Iran, in what London police chief Mark Rowley calls “one of

10th District Legislators Blast Murphy Over Regressive Toll Tax Increases

Press ReleaseNovember 1, 20230

Legislators from the 10th District blasted the Murphy administration after the New Jersey Turnpike Authority approved a $2.6 billion budget that calls for a 3% toll tax increase.

US Treasury increases size of most of its debt auctions

ReutersNovember 1, 20230

(Reuters) -The U.S. Treasury Department on Wednesday said it plans to “gradually” increase the size of most of its debt auctions in the November 2023 to January 2024 quarter and expects it will need one more additional quarter of increases after this to meet its financing needs. MARKET REACTION: U.S. Treasury yields fell after the refunding announcement. The 10-year yield was recently around 4.864%. COMMENTS: STEVEN ZENG, US RATES STRATEGIST, DEUTSCHE BANK, NEW YORK “We thought the Treasury would slow the pace of increases to the 10-year, 20-year and 30-year, and that’s what they delivered. The long-end rallied after refunding

Fed’s Harker says Fed should not be considering more rate increases

ReutersOctober 16, 20230

NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday the central bank should not create new pressures in the economy by increasing the cost of borrowing. “We should not at this point be thinking about any increases” in the Fed’s rate target, Harker told a bankers’ group after a speech in which he had again reiterated his belief the Fed is done raising rates in an environment where inflation pressures are ebbing. (Reporting by Michael S. Derby; Editing by Chris Reese)

New Jersey’s Gas Tax Increases Tomorrow, Here’s How Much

Conservative TimesSeptember 30, 20230

TRENTON, NJ – After two years of decline, the New Jersey gasoline tax is increasing tomorrow, making getting to work on Monday a little bit more expensive. The gasoline tax in New Jersey will rise by one penny per gallon starting October 1st, as announced by Gov. Phil Murphy’s administration in August. This increase marks a shift after two years of declining gas taxes in the state. The new rate will be 42.3 cents per gallon, up from the current 41.1 cents. This adjustment reflects a roughly 2% increase and is the culmination of two separate levies commonly known as

Mega Millions Jackpot Increases To $267 Million

Erica SchmidtSeptember 27, 20230

TRENTON, NJ – Following the Mega Millions draw on Tuesday, the jackpot has now skyrocketed to an astounding $267 million. The recent drawing saw 14 players matching four of the five white balls, with each ticket now worth $500. Among these winners, three had opted for the Megaplier feature, elevating their prizes to $2,000. Additionally, a total of 28,718 other players from New Jersey secured $138,418 in winnings, with the prize amounts per player ranging from $2 to $800. The numbers revealed were 15, 30, 35, 42, and 60, alongside the Gold Mega Ball 16 and a Megaplier Multiplier of

Activist investor Politan Capital increases ownership in Azenta -filing

ReutersSeptember 14, 20230

By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor Politan Capital Management said on Thursday that it has economic exposure to 4.5 million shares or 7.5% of biotechnology company Azenta Inc, according to a regulatory filing. Politan, run by veteran fund manager Quentin Koffey, has successfully pushed for changes at managed care company Centene and medical devices maker Masimo. It began building its position in Azenta during the second quarter and has significantly increased its stake from the 2 million shares it owned on June 30, regulatory filings show. Politan said it now owned 4.13 million common shares or 6.87%

JPMorgan increases stake in Brazilian digital bank C6 to 46%

ReutersAugust 29, 20230

By Tatiana Bautzer NEW YORK (Reuters) – JPMorgan Chase & Co has increased its stake in Brazilian digital bank C6 to 46% from 40%, the banks said in a statement on Tuesday, without disclosing the financial terms. The banks said C6 had expanded its number of clients to 25 million from 8 million since June 2021, when JPMorgan bought its initial stake, and had added products such as auto loans. Sanoke Viswanathan, JPMorgan’s CEO of international consumer banking, said the investment in C6 Bank was an important part of the lender’s global strategy. The credit portfolio of C6 had increased

Average Americans Are Struggling To Pay For Their Cars Following Delinquencies, Price Increases

The Daily CallerAugust 21, 20230

Average Americans Are Struggling To Pay For Their Cars Following Delinquencies, Price Increases Will Kessler on August 21, 2023 Heightened rates of auto loan delinquency and increased costs reveal that Americans are struggling to afford their cars, according to The Wall Street Journal. Both prime and subprime auto loans have increased in 60-plus-day delinquencies, with prime reaching 0.49% in June compared to 0.41% a year prior and subprime reaching 5.37% compared to 4.89% during the same time frame, accordingto S&P Global. Only one new car model is listed as selling for under $20,000 in 2023, as opposed to a dozen

American Airlines increases offer to pilots by $1 billion, matching United

ReutersJuly 21, 20230

(Reuters) – American Airlines Group Inc on Friday said it raised the value of its contract offer to pilots by more than $1 billion to match a more generous deal at United Airlines after American’s union warned that ratification was in jeopardy. The Texas-based carrier said the changes bring the total value of the four-year proposed contract to $9 billion. Its pilots are due to vote on the deal on Monday. American said it would match the pay rates and retroactive pay in United’s tentative agreement reached July 15 and provide extended sick leave and increased life insurance. United’s pilots

Bank of America increases dividend by 9% after Fed stress test

ReutersJuly 5, 20230

NEW YORK (Reuters) – Bank of America (BofA) said on Wednesday it planned to increase its quarterly common stock dividend to 24 cents per share from 22 cents per share beginning in the third quarter of 2023. BofA, unlike other major U.S. banks, had held back a decision on the dividend last week. Rivals JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their third-quarter dividends on Friday after sailing through the Federal Reserve’s stress test. BofA had cited a dialogue with the Fed to understand differing results between the central bank’s stress test and the companies’ own

Singer Bill that Increases Reimbursement Rates for Substance Use Disorder Treatment Clears Committee

Press ReleaseJune 28, 20230

Legislation sponsored by Sen. Robert Singer that would increase Medicaid reimbursement for in-person partial care substance use disorder (SUD) treatment cleared the Senate Budget and Appropriations Committee.