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If you know anything about Millennials, it’s that they love their smartphones. They love them so much, in fact, that they refuse to drive without them.
According to AAA, two-thirds of drivers ages 19 to 24 have read a text message or email while behind the wheel in the last thirty days.
That’s bad. But before you get all wound up about the wayward youth, look at the rest of the AAA Foundation for Traffic Safety’s latest annual Traffic Safety Culture Index.
A new report from the AAA Foundation for Traffic Safety found that 88 percent of young millennials engaged in at least one risky behavior behind the wheel in the past 30 days, earning the top spot of worst behaved U.S. drivers.
These dangerous behaviors ― which increase crash risk ― included texting while driving, red-light running and speeding. These findings come as U.S. traffic deaths rose to 35,092 in 2015, an increase of more than 7 percent, the largest single-year increase in five decades.
Many drivers who cause accidents expect to see an increase in their auto insurance premiums. But even those who are deemed not culpable could end up paying more for coverage, a report from a consumer group finds.
The Consumer Federation of America sought online price quotes from five of the largest auto insurers in 10 cities to see what happens to premiums after drivers are in accidents.
The study found that based on the quotes, drivers in New York City and Baltimore tend to pay the most after being involved in accidents that they did not cause.
Speculators have piled back into oil since OPEC announced output cuts in November. But don't be fooled into thinking that means prices are set to soar.
As my Bloomberg News colleague Alex Longley pointed out last week, hedge funds and money managers have placed record trades on an oil rally. Net long positions of so-called oil speculators reached an unprecedented 852,794 contracts across both Brent and WTI in the week ending Feb. 3.
With each contract representing 1,000 barrels of oil, that equates to bets worth eight times as much as the world consumes each day that prices will rise.