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Those wanting to save some money by purchasing a used car may be in for sticker shock. The used vehicle market is seeing an “unseasonal sharp uptick due to unique market conditions” because of the coronavirus pandemic.This also means those with a used car sitting around could get top dollar for a trade-in or sale.Edmunds, which has been tracking automotive trends since the 60s, says the average used car listing price was 8 more in July than in June. Large trucks had the biggest one-month jump, with listing prices ,301 more in July than in June.Meanwhile, trade-ins are, on average, seeing 16.4 percent more value in July compared to June. And those used vehicles are not sticking around on the lots for long. In June, it was taking an average of 44 days to turn around a used car, and in July, it was down to 38 days. This is the steepest one-month decline in Edmunds history of keeping records."It's a seller's market right now. Although used vehicles continue to offer significant discounts compared to new, used-car shoppers will find themselves in the unusual position where they might not have as much negotiation power because demand is so high and dealers will be less inclined to be flexible," said Ivan Drury, Edmunds' senior manager of insights in a release from the company."If you're in the market for a used car, what you see in terms of pricing is likely what you're going to get, so do your research and be prepared to act quickly if you have your heart set on a vehicle."The reason behind the sharp increase in demand for used vehicles is for a variety of pandemic-related causes, says Drury.Consumers are being more cost-conscious right now as unemployment is high, interest rates and offers from dealers are favorable for car buying, and inventory has been “severely limited on the new side.”Automakers closed their factories for several weeks earlier this year as states issued stay-at-home orders to control the coronavirus pandemic. That led to a decline in inventory for new vehicles.Edmunds recommends buyers and sellers/traders do their homework and find out what the value of their specific vehicle is. 2146

Trade war fears and a presidential attack on Amazon are rocking Wall Street.The Dow dropped more than 700 points on Monday, and the Nasdaq plunged 3%. The S&P 500 hit its low for the year and was on track for its lowest close since November. The sell-off left all three major indexes in the red for 2018.By the end of the day Monday, the Dow slightly recovered, closing down 458 points for the day.The sell-off on the first day of the second quarter came after President Trump once again attacked Amazon on Twitter. Amazon, one of the biggest drivers of the 2017 market rally, tumbled 5%, wiping out more than billion of its market value.Trump once again accused Amazon of taking advantage of the US Postal Service, and he suggested that Amazon does not pay its fair share of tax.In fact, Amazon pays the same lower rate that the post office charges other bulk shippers, and it collects sales tax in every state that charges it. Amazon does not collect sales tax on purchases made from third-party vendors."You've got the president of the United States attacking a single company over what he considers to be unfair practices," said Ian Winer, head of equities at Wedbush Securities.Amazon wasn't the only tech stock in trouble. Tesla, Netflix and Cisco all dropped by at least 4%. Intel plunged 8% on a?Bloomberg News report that Apple plans to switch to its own chips. Almost every stock in the Nasdaq 100 lost ground.The Nasdaq has plunged more than 10% from its all-time high on March 12."When investors see market leaders suddenly stumble, they become more cautious about the entire group," said Kate Warne, investment strategist at Edward Jones.Wall Street is also fretting about rising trade tensions, especially with China. Beijing responded to Trump's steel and aluminum tariffs on Monday by following through on its threat to impose tariffs on billion of US imports. The tariffs apply to 128 products, ranging from pork and meat to steel pipes.Trump plans to place additional tariffs on about billion worth of Chinese goods — and Beijing has promised to respond.John Toohey, head of equities at USAA, blamed the sell-off on concerns about the China tariffs. "Global trade could slow down, global supply chains could be impacted, and CEOs could be more cautious on capital spending," Toohey said.NAFTA worries are also on the rise after Trump took aim at the trade deal between the United States, Canada and Mexico. Trump on Sunday linked NAFTA to his efforts to build a wall along the border with Mexico."They must stop the big drug and people flows, or I will stop their cash cow, NAFTA. NEED WALL!" Trump tweeted."It's a cause for concern. That mixing of issues is contributing to uncertainty," said Kristina Hooper, chief global market strategist at Invesco.No matter the cause, signs of fear abounded. The VIX volatility index jumped more than 15%. CNNMoney's Fear & Greed Index of market sentiment dropped further into "extreme fear." Crude oil plunged about 3%. Gold, which tends to do well when investors are worried, climbed more than 1%."None of it makes a lot of sense," said Michael Block, chief strategist at Rhino Trading Partners. "I don't know what we learned that was new. Chinese tariffs are not surprising."After spiking last year, the stock market hit extreme turbulence during the first three months of the year as investors worried about tariffs, inflation and tech stocks. The Dow snapped its longest quarterly winning streak in 20 years.Stocks may be volatile, but the backdrop looks bright. Global economic growth is expected to accelerate and corporate profits are likely to surge, thanks in part to Trump's corporate tax cuts."It's unlikely to be the end of the bull market," Warne said. "The underlying fundamentals remain positive." 3823

The U.S. Department of Agriculture announced on Thursday that it is looking for ways to transition some people off of the department's Supplemental Nutrition Assistance Program (SNAP).Specifically, the USDA is looking at beneficiaries who are not disabled and who don't have any dependents.“Long-term dependency has never been part of the American dream,” said U.S. Agriculture Secretary Sonny Perdue. “USDA’s goal is to move individuals and families from SNAP back to the workforce as the best long-term solution to poverty. Everyone who receives SNAP deserves an opportunity to become self-sufficient and build a productive, independent life.”Related:?Trump administration proposes Blue Apron-style overhaul for food stamps 773

TRAVIS COUNTY, Texas – Several boats sank Saturday during a “Trump Boat Parade” on Lake Travis, according to the Travis County Sheriff’s Office.The sheriff’s office wrote on Twitter that its officers responded to multiple calls involving boats in distress during the event near Austin, Texas.TCSO responded to multiple calls involving boats in distress during the Trump parade on Lake Travis. Several boats did sink.— Travis County SO (@TravisCoSheriff) September 5, 2020 Authorities confirmed to KVUE and KEYE that multiple boats were in distress throughout the parade route, including at Paradise Cove, West Beach, Point Venture and Hurst Creek.A spokesperson for the sheriff’s office told The Associated Press that there are no reports of fatalities or injuries and that investigators have not determined how many boats sank. The spokesperson added that there is no reason to suspect foul play, but a cause has not been determined.There was no severe weather in the area and winds were generally calm, according to the National Weather Service.Austin-Travis County EMS tweeted that its crews have not been involved in any of the boat sinkings and that no injuries or medical emergencies have occurred as a result of the incidents.MEDIA: #ATCEMS has not been involved in any of the boat sinking incidents on Lake Travis today. No injuries or medical emergencies have occured as the result of these incidents & #ATCEMS has not been requested to respond to any of them. If this changes, we’ll provide an update.— ATCEMS (@ATCEMS) September 5, 2020 It appears the boat parade supporting President Donald Trump’s reelection campaign was organized on Facebook. The event page says about 2,600 people planned to attend. Those who did go were encouraged to fly as many Trump flags as they could to make a statement.These types of boat parades have been held in multiple parts of the country, recently in Florida and near the Jersey Shore.Swamped boat near Emerald Point as hundreds of boats parade for President Donald Trump, at least three craft swamped with no injuries reported #statesman @bobphoto pic.twitter.com/eY3yyAXvyp— bobphoto (@bobphoto) September 5, 2020 2176

THORNTON, Colo. – Police in Wyoming have arrested a Thornton, Colo. man after he walked into their station and told them he had killed his girlfriend in Colorado and driven her body across state lines to Wyoming.Thornton police said Jonathan Eugene Akin, 22, was in custody of the Powell (Wyo.) Police Department after being arrested for investigation on a first-degree murder charge on Tuesday. Jail records indicate he also faces a felony charge of mutilation of a dead body.Thornton police say they were called by Powell police just before noon Tuesday and asked to conduct a welfare check on a woman at an apartment at the Champion’s Park Apartments. Powell police told Thornton police that Akin had come into their department claiming his dead girlfriend was in his vehicle.While Thornton officers were checking the apartment, Powell police confirmed the woman’s body was found inside Akin’s vehicle. Thornton police confirmed the apartment was a crime scene, Sgt. Ernie Lucero said in a news release.Akin is being held at the Park County (Wyo.) Sheriff’s Office while he awaits a hearing to be extradited back to Colorado to face charges. The woman who was killed has not been identified.Powell is located in northwest Wyoming approximately 140 miles west of Sheridan.Lucero said the investigation into the woman’s death was ongoing and asked anyone with information to call 720-977-5069. 1402