Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul

Key Points

Gentrification occurs when an area experiences a rapid rise in residents’ average incomes and rents. The typical outcome: The white population increases, and people of color are priced out.
Climate change is accelerating this dynamic in some parts of the U.S., a trend known as “climate gentrification.”
In Miami neighborhoods such as Allapattah, Liberty City, Little Haiti, Overtown and West Grove, longtime residents fear what comes next.

Source

Finance

‘Fantasy math’ masks tax bill’s U.S. debt impact, GOP lawmaker said. What the deficit means for your money

June 2, 2025

Key Points Legislation passed by Republicans in the House and now being considered in the Senate would increase the U.S. debt by more than $3 trillion after interest and economic effects, according to estimates. The “One Big Beautiful Bill Act” is a “debt bomb ticking,” one GOP lawmaker said. The debt can have a big […]

Finance

Stocks making the biggest moves midday: Tesla, BioNTech, DraftKings, Steel Dynamics and more

June 2, 2025

Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company dropped 3% after sales in May in declined in several European markets. Reuters reported that Tesla suffered weaker sales in Sweden, France, Spain, Denmark and the Netherlands, but improved in Norway, boosted by the revamped Model Y. Advertising […]

Finance

Stocks making the biggest premarket moves: Cleveland-Cliffs, Nucor, Moderna, Tesla and more

June 2, 2025

Check out the companies making the biggest moves in premarket trading: Steel stocks — Shares of steel companies soared after President Donald Trump doubled tariffs on the metal to 50% from 25%. Cleveland-Cliffs rallied 26%, while Nucor added nearly 11% and Steel Dynamics rose 10%. BioNTech — The Germany-based biotech stock jumped 11.3% after Bristol […]