Hurricanes Harvey and Irma Slow U S Economy
Banks warn the storms will curb growth as nearly one fifth of refining capacity shuts down and fuel and plastics output fall. Irma delays tourism to Florida while rebuilding boosts demand later, with estimates placing Harvey at up to 108 billion dollars and Irma at 64 to 92 billion in damage.
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Rockport car wreck snapshot after Harvey flood
Perry Smith, 56, watched his white Toyota Corolla suffer a broken axle in a Rockport parking lot as Harvey passed. He has not yet filed an insurance claim, hoping for FEMA aid while helping family repair flood damage. Texas faces rising claims and costly losses from Harvey and Irma.
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Smith
Stocks finish at records as Irma fears fade
U S stocks rose to fresh highs as Hurricane Irma weakened and a North Korean holiday passed with no new missile launches. Banks benefit from higher yields while insurance and travel shares rally. home improvement retailers slip. major indices hit record closes led by the S P 500 at 2488.11 Dow at 22057.37 Nasdaq 6432.26.
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Apple to reveal high end iPhone near thousand dollar mark
The event at Apple Park in Cupertino could introduce an anniversary iPhone with a $999 price, edge to edge OLED display, facial recognition, wireless charging and upgraded camera. Analysts say premium models are becoming status symbols while rivals push higher prices for flagship smartphones.
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