The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday morning as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread more
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Drivers often hit with bad weather patterns also get hit with some of the worst fees to operate a car, a new report suggests.
The average driver in the United States pays $2,223 annually to keep a vehicle running, according to a Bankrate.com report. But insurance premiums related to harsh weather patterns, among other factors, can push costs to some of their highest levels.
The study compiled yearly expenses for gasoline, insurance and repairs in 50 states and Washington, D.C. Despite the elevated costs, drivers in these states, and throughout the U.S., can take simple measures to keep costs down, said Stacy Jones, analyst at Bankrate.
"It's all about being proactive," Jones said.
Calling an insurance company to find discounts, fixing small mechanical problems before they become large, and carpooling, among other steps, can keep costs down for drivers in any state, she said.
Click through to see the five most expensive states to drive a car, including a surprising No. 1.
—By Jacob Pramuk, Special to CNBC.com
Published 11 August 2014
Average cost annually: $2,421
Insurance is the key expense sending costs higher for New Jersey drivers. The number of cars on the road—and, in turn, the number of accidents—can send insurance rates up.
As one of the most densely populated states, New Jersey's prices are heavily affected by both.
Average cost annually: $2,487
Though its insurance and repair costs sit around the national average, Mississippi shoots higher because of gas costs. Its drivers log the second-most miles of any state, Jones said.
To calculate its gas costs, the study took into account both the state's gas prices and how much ground its residents cover.
Average cost annually: $2,516
The threat of inclement weather forces car operators to pay more for insurance in Florida. Though gas prices in the state are higher than the national average, Jones said, hurricane-related insurance costs contribute most to Florida's ranking.
Average cost annually: $2,555
The devastating Hurricane Katrina's effects linger in Louisiana's insurance and repair costs, Jones said. These costs are "very high" because, much like Florida's drivers, those in Louisiana get charged more because of potentially harsh weather.
Average cost annually: $2,705
Wyoming is among the least densely populated U.S. states, which forces drivers to log more miles than those of any other state. Car owners in the state drive nearly 17,000 miles per year—68 percent more than the average driver—leading to an average annual gas bill of $1,588.
Although repair, gas and insurance prices fall below the national average, the sheer distance driven vaults Wyoming to the top spot.