ABC reports that Ford has ordered
a recall for almost 43,000 small SUVs
due to a potential risk of fire.
.
The recall impacts some Bronco
Sport SUVs from 2022 and 2023,
as well as 2022's Escape SUVs.
.
According to Ford, gasoline can leak from
fuel injectors near or onto hot engine surfaces,
which increases the risk of starting fires.
The recall does not reportedly include repairing
any potential fuel leak, which the company
claims only impacts about 1% of their SUVs.
ABC reports that Michael Brooks, executive director
of the nonprofit Center for Auto Safety,
has called Ford's decision a "Band-aid type recall.".
Brooks claims that even a 1% failure
rate is high and places drivers
at potential risk for a crash.
The NHTSA said that it lacks legal
authority to pre-approve recall fixes.
.
The agency added that it would, "closely track their performance using field data.".
However, Brooks suggests that Congress
needs to change laws so that the NHTSA can , "require something more than the rubber
stamp that NHTSA is currently deploying.”.
That is a post-remedy inquiry
that won't make the fixes better,
and further stretches out the process
and leaves consumers in limbo.
, Michael Brooks, executive director of the
nonprofit Center for Auto Safety, via ABC
Executive producer Mark Ford and director Erica Hanson chat with THR's Brande Victorian to discuss Lifetime's docuseries 'Where is Wendy Williams?' during the THR Frontrunners Lifetime Showcase held at San Vicente Bungalows in Los Angeles. Ford and Hanson spoke about having the former daytime talk show host's family's blessing to release the docuseries which has raised questions about Williams' ability to consent to the project, given her deteriorated state as a result of her diagnosis of primary progressive aphasia and frontotemporal dementia (FTD).
Credit: The Hollywood Reporter Duration: 15:17Published
Tesla Recalls Vehicles , Over Faulty Seat Belt Warning System.
Over 125,000 Tesla vehicles are being recalled in the U.S., the National Highway Traffic Safety Administration (NHTSA) said on May 31.
The recall is due to a seat belt warning
system malfunction, NBC News reports. .
Some vehicles failed to flash
warning lights or make noise when a
driver didn't buckle up, the regulator said. .
The following vehicles
are affected by the recall:.
2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3 and 2020-2023 Model Y. .
An over-the-air software update will be released by Tesla in June to fix the issue.
Tesla recalled another 200,000 vehicles in January over a software malfunction that could impede drivers' visibility when reversing.
Almost 4,000 Cybertrucks were also recalled in April over a faulty accelerator pedal pad.
Last month, auto safety regulators
launched an investigation to determine
whether Tesla's December recall of
over 2 million vehicles was adequate.
The recall was to implement new Autopilot safeguards following a string of crashes.
Credit: Wibbitz Top Stories Duration: 01:31Published
Mortgage Rates Continue , to Fall, Raising Hopes of the , Fed Cutting Rates.
ABC reports that borrowing costs for
home loans continued to ease this week,
with the average rate on a 30-year mortgage
falling to its lowest level since April.
According to mortgage buyer
Freddie Mac, the rate fell from
6.95% to 6.87% last week. .
That figure is still significantly higher than
what the rate was during the same time last year,
which was at an average of 6.67%. .
15-year fixed-rate mortgages
also eased, falling from
6.17% last week to 6.13%. .
During the same time last year,
the average rate was at 6.03%.
Those higher rates can add hundreds of dollars
to monthly costs for borrowers, which limits the
purchasing options of potential homebuyers.
Mortgage rates fell for
the third straight week
following signs of cooling
inflation and market
expectations of a
future Fed rate cut, Sam Khater, Freddie Mac’s chief economist, via ABC.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
Due to yields also beginning to ease, the Federal
Reserve could start to drop its main interest rate
after hiking it up to the highest level in over 20 years.
Last week, Fed officials suggested that they would make
just one cut to their benchmark interest rate in 2024,
down from previous projections of three cuts for the year.
Credit: Wibbitz Top Stories Duration: 01:31Published
Surge of New Applications for , Unemployment Benefits , May Signal Cooling Job Market.
Last week, the number of people in the
United States filing for unemployment benefits
reached the highest level in ten months last week. .
ABC reports that the news comes as a potential
sign that the U.S. labor market may be slowing
under the burden of high interest rates. .
The week ending June 8 saw
applications for jobless benefits
rise by 13,000 to reach 242,000. .
According to Labor Department
data, that is up from 229,000 new
applications the week before.
The number also represents the highest
number of new applications since August
of 2023, while also being significantly higher
than the 225,000 new claims forecast.
ABC reports that weekly unemployment claims have
lingered at historically low levels since millions of
jobs disappeared with the COVID-19 pandemic.
ABC reports that weekly unemployment claims have
lingered at historically low levels since millions of
jobs disappeared with the COVID-19 pandemic.
Since March of 2022, the Federal Reserve has raised
benchmark rates 11 times in an attempt to reign in
inflation which has risen to a four-decade high.
While the latest data suggests that consumer
inflation cooled in May, the Federal Reserve
has decided to leave rates at a 23-year high.
According to Fed Chair Jerome Powell, officials
are waiting for more evidence that prices
are reaching their target of two percent.
ABC reports that a total of 1.82 million
Americans were collecting unemployment
benefits in the week ending June 1. .
ABC reports that a total of 1.82 million
Americans were collecting unemployment
benefits in the week ending June 1.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netanyahu's first visit to the White House since 2020 comes a day after he gave a fiery speech to Congress in which he vowed "total victory" against Hamas and denounced American opponents of the war in Gaza as "idiots".
Credit: euronews (in English) Duration: 02:21Published
Pro-Palestinian activists released maggots and other insects at the Watergate Hotel in Washington, D.C., where Israeli Prime Minister Netanyahu was staying during his controversial U.S. visit. The incident, claimed by the Palestinian Youth Movement, was a protest against Israel's actions in Gaza. It coincided with Netanyahu's address to Congress and large demonstrations nearby. The hotel confirmed the event, stating it has been sanitized. This unusual protest underscores the heightened tensions surrounding Netanyahu's visit and the ongoing Israel-Gaza conflict.
#Trump #IsraeliPMNetanyahu #Netanyahu #MaraLago #USIsrael #NetanyahuCongress #NetanyahuSpeech #BenjaminNetanyahu #TrumpNetanyahu #Worldnews #Oneindia #Oneindianews
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The Palestinian resistance movement Hamas has dismissed Israeli Prime Minister Benjamin Netanyahu’s vision for a “future” Gaza Strip, excluding the resistance group from governance, as mere “delusions.” The remarks came in a statement from Hamas on Wednesday, following Netanyahu's speech to the US Congress. In his address, Netanyahu outlined a self-proclaimed vision for Gaza, claiming the Israeli regime aimed to “eliminate” Hamas through an ongoing military campaign. This conflict, which began on October 7, has resulted in the deaths of at least 39,670 Palestinians, predominantly women and children, without achieving the stated goal of defeating the resistance.
#Hamas #Netanyahu #HamasSlamsNetanyahu #NetanyahuUSCongress #IsraelPM #DelusionalNetanyahu #WarWithIran #USCongress #ArmsForIsrael #MiddleEastConflict #HamasResponse #NetanyahuSpeech #IsraeliPolitics #GazaConflict #IranTensions #CongressAddress #PoliticalDrama
Israeli Prime Minister Benjamin Netanyahu lambasted Anti-Israel protesters during his Wednesday address to Congress. As thousands demonstrated in Washington, D.C., with some becoming violent, Netanyahu criticized the "Gays for Gaza" slogan used by certain protesters, calling it oxymoronic. He likened it to saying "Chickens for KFC," arguing it made no sense given the treatment of LGBTQ individuals in Gaza. Capitol Police had to use pepper spray to control the crowd.
#netanyahu #BenjaminNetanyahu #NetanyahuSpeech #IsraelGazawar #gazawarlive #IsraelHamaslive #Oneindia #Oneindianews
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