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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 02, 2021
Page
18
Eastern Iowa stock tickers show Alliant at 56.27 with a 0.51 gain, Arch Dan at 60.71 up 0.11, Deere at 354.29 up 1.58, and GenMills at 60.22 down 0.71 on the day.
Creighton University economist Ernie Goss reports the nine state Midwest and Plains region posted a June overall economic index of 73.5, signaling continued growth. Inflation hits a record 98.4 while the employment index rises to 61.7 as firms hire despite bottlenecks and wage gains of 4.9 percent. Confidence remains positive though down from May. The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.
The OPEC Joint Ministerial Monitoring Committee comprising Russia and Saudi Arabia proposed raising output by 400,000 barrels per day each month from August to December and extending the production cuts deal to December 2022. Traders priced oil near 75 dollars amid expectations of continued tight supply and inflation concerns.
The article explains how flood and water damage can affect auto insurance. It notes drivers often drop comprehensive coverage to save money, but flood damage may not be covered unless such protection exists. It highlights deductibles, policy limits, lease or loan requirements, and a 78 percent nationwide coverage rate among auto policyholders.
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