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*Rishi Sunak announces radical law to ban children aged 14 now from EVER buying cigarettes despite Tory outrage over 'illiberal' smoke-free plan*

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Rishi Sunak announces radical law to ban children aged 14 now from EVER buying cigarettes despite Tory outrage over 'illiberal' smoke-free plan

submitted by /u/dailymail to r/unitedkingdom link comments
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*U.S. credit card debt hits an all-time high*

TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Tuesday, November 7. Full Video Transcript Below: J.D. DURKIN: I'm J.D. Durkin - reporting from the New York Stock Exchange. Stocks were in the green to close out today's session. The Dow closed up 60 points, the Nasdaq closed just under one percent higher, and the S&P closed up two-tenths of a percent. Stocks are trying to keep up the momentum as Wall Street looks toward its longest rally in roughly two years. Wall Street is looking ahead to commentary from Federal Reserve Chair Jerome Powell Wednesday after the central bank held rates steady last week. Currently, investors are pricing in a 90 percent chance that the Fed holds rates steady in December and an 80 percent chance that policy easing, meaning cuts to rates, could come as soon as June. In other news, credit card debt in the U.S. is officially at an all-time high. According to a new report from the Federal Reserve Bank of New York, credit card balances rose to $1.08 trillion in the third quarter - a $48 billion increase from Q2 and a whopping $154 billion jump from this time last year. The year-over-year spike is the largest since 1999. And not only is the debt climbing, Americans are constantly struggling to pay it down. The study found that the rate at which households are becoming delinquent is at its highest point since 2011. According to a separate report by the Consumer Financial Protection Bureau, almost 10% of all credit card users find themselves in "persistent debt," meaning they're charged more for interest fees each year than they spend paying down their debt. Both Mastercard and Visa saw double-digit revenue increases in Q3 of this year. That'll do it for your daily briefing. From the New York Stock Exchange, I'm J.D. Durkin with TheStreet.
[Read more...](https://www.thestreet.com/video/u-s-credit-card-debt-hits-an-all-time-high)
U.S. credit card debt hits an all-time high

TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Tuesday, November 7. Full Video Transcript Below: J.D. DURKIN: I'm J.D. Durkin - reporting from the New York Stock Exchange. Stocks were in the green to close out today's session. The Dow closed up 60 points, the Nasdaq closed just under one percent higher, and the S&P closed up two-tenths of a percent. Stocks are trying to keep up the momentum as Wall Street looks toward its longest rally in roughly two years. Wall Street is looking ahead to commentary from Federal Reserve Chair Jerome Powell Wednesday after the central bank held rates steady last week. Currently, investors are pricing in a 90 percent chance that the Fed holds rates steady in December and an 80 percent chance that policy easing, meaning cuts to rates, could come as soon as June. In other news, credit card debt in the U.S. is officially at an all-time high. According to a new report from the Federal Reserve Bank of New York, credit card balances rose to $1.08 trillion in the third quarter - a $48 billion increase from Q2 and a whopping $154 billion jump from this time last year. The year-over-year spike is the largest since 1999. And not only is the debt climbing, Americans are constantly struggling to pay it down. The study found that the rate at which households are becoming delinquent is at its highest point since 2011. According to a separate report by the Consumer Financial Protection Bureau, almost 10% of all credit card users find themselves in "persistent debt," meaning they're charged more for interest fees each year than they spend paying down their debt. Both Mastercard and Visa saw double-digit revenue increases in Q3 of this year. That'll do it for your daily briefing. From the New York Stock Exchange, I'm J.D. Durkin with TheStreet.
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*This Super-Soft Sheet Set Actually Helps Me Sleep Better Through the Night (It’s Perfect for Fall!)*

It's time for an upgrade. READ MORE...
[Read more...](https://www.apartmenttherapy.com/comphy-sheet-set-review-ll-37338125?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
*This electric sports car manufacturer broke a very weird speed record*

Ferrari RACE, Lamborghini and Porsche POAHF all make expensive and fast supercars, but one small manufacturer in Eastern Europe has the claim to one record about which it can boast.Related: General Motors' Cruise defends itself against alarming new self-driving allegations involving children The electric high performance vehicles by Croatian EV manufacturer Rimac are some of the fastest supercars, whether they're powered by gas or electric. The Nevera Time Attack is revealed by Mate Rimac, CEO of Rimac Automobili at The Quail, A Motorsport Gathering on Aug. 18 in Carmel, Calif. (Photo by Matt Jelonek/Getty Images) Matt Jelonek/Getty Images The $2.5 million Rimac Nevera has a lot going for its extra-steep price tag; it is powered by four independent electric motors with a total of 1,914 horsepower, and can go from 0-60 mph in an eye-watering 1.74 seconds, 0-100 in just 3.21 seconds, as well as a top speed of 256 miles per hour. Though these numbers seem impressive, there is one peculiar record-breaking feature that might be useful. Rimac announced on Nov. 7 that it had broken the record for the "fastest speed driving in reverse," going 275.74 km/h, or 171.34 mph with its Nevera. The record was done under the supervision of, and was certified by, Guinness World Records. Unlike many gas-powered cars, electric cars do not have a dedicated reverse gear, which means that they are mechanically capable of going just as fast backward as they are forward, given that there are no speed limiters installed. View the original article to see embedded media. In a statement, Rimac Nevera chief program engineer Matija ReniΔ‡ knew that this record was possible when it was developing the car. β€œIt occurred to us during development that Nevera would probably be the world’s fastest car in reverse, but we kind of laughed it off. The aerodynamics, cooling and stability hadn’t been engineered for travelling backwards at speed, after all," said ReniΔ‡. "But then, we started to talk about how fun it would be to give it a shot." More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHere’s why EV experts are flaming Joe Biden’s car policyThe EV industry is facing an unusual new problem Rimac Test Driver Goran Drndak noted that driving at such high speed backwards was harder than it seemed. "On the run itself, it definitely took some getting used to. You’re facing straight out backwards watching the scenery flash away from you faster and faster, feeling your neck pulled forwards in almost the same sensation you would normally get under heavy braking," said Drndak. "You’re moving the steering wheel so gently, careful not to upset the balance, watching for your course and your braking point out the rear-view mirror, all the while keeping an eye on the speed.” According to Guinness, the previous record holder drove to 102.58 mph in a modified Caterham 7. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/electric-vehicles/this-electric-sports-car-manufacturer-broke-a-very-weird-speed-record)
This electric sports car manufacturer broke a very weird speed record

Ferrari RACE, Lamborghini and Porsche POAHF all make expensive and fast supercars, but one small manufacturer in Eastern Europe has the claim to one record about which it can boast.Related: General Motors' Cruise defends itself against alarming new self-driving allegations involving children The electric high performance vehicles by Croatian EV manufacturer Rimac are some of the fastest supercars, whether they're powered by gas or electric. The Nevera Time Attack is revealed by Mate Rimac, CEO of Rimac Automobili at The Quail, A Motorsport Gathering on Aug. 18 in Carmel, Calif. (Photo by Matt Jelonek/Getty Images) Matt Jelonek/Getty Images The $2.5 million Rimac Nevera has a lot going for its extra-steep price tag; it is powered by four independent electric motors with a total of 1,914 horsepower, and can go from 0-60 mph in an eye-watering 1.74 seconds, 0-100 in just 3.21 seconds, as well as a top speed of 256 miles per hour. Though these numbers seem impressive, there is one peculiar record-breaking feature that might be useful. Rimac announced on Nov. 7 that it had broken the record for the "fastest speed driving in reverse," going 275.74 km/h, or 171.34 mph with its Nevera. The record was done under the supervision of, and was certified by, Guinness World Records. Unlike many gas-powered cars, electric cars do not have a dedicated reverse gear, which means that they are mechanically capable of going just as fast backward as they are forward, given that there are no speed limiters installed. View the original article to see embedded media. In a statement, Rimac Nevera chief program engineer Matija ReniΔ‡ knew that this record was possible when it was developing the car. β€œIt occurred to us during development that Nevera would probably be the world’s fastest car in reverse, but we kind of laughed it off. The aerodynamics, cooling and stability hadn’t been engineered for travelling backwards at speed, after all," said ReniΔ‡. "But then, we started to talk about how fun it would be to give it a shot." More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHere’s why EV experts are flaming Joe Biden’s car policyThe EV industry is facing an unusual new problem Rimac Test Driver Goran Drndak noted that driving at such high speed backwards was harder than it seemed. "On the run itself, it definitely took some getting used to. You’re facing straight out backwards watching the scenery flash away from you faster and faster, feeling your neck pulled forwards in almost the same sensation you would normally get under heavy braking," said Drndak. "You’re moving the steering wheel so gently, careful not to upset the balance, watching for your course and your braking point out the rear-view mirror, all the while keeping an eye on the speed.” According to Guinness, the previous record holder drove to 102.58 mph in a modified Caterham 7. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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