Money & The Economy

Today, in a presentation at the National Press Club of Washington, the American Primary Aluminum Association (APAA) in conjunction with Economic Policy Institute (EPI), the Alliance for American Manufacturing (AAM) and the Coalition for a Prosperous America (CPA), addressed the economic effects of President Trump’s steel and aluminum tariffs. As part of this presentation, EPI released
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A new report finds that climate change-related regulation in Democratic-controlled states is negatively impacting minority communities, while not effectively lowering greenhouse gas emissions. The Pacific Research Institute (PRI) — a free-market think tank based in California — released a study that found California and New York’s approach to global warming is not working, and
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U.S. President Donald Trump was able to extract a number of concessions from Chinese President Xi Jinping in exchange for not imposing any new tariffs on Chinese goods. Trump reached a major agreement while meeting with the world’s top leaders over the weekend. At the G-20 Summit in Buenos Aires, Argentina, Trump and Xi
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  by Hanna Bogorowski Dick’s Sporting Goods’ hunting and electronic departments have been lagging in recent months due to the company’s decision to stop selling assault-style guns as well as any guns or ammunition to customers under 21 years old, leading to a drop in company stock. (Article Continues Below Advertisement) Dick’s, one of the country’s
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  by Evie Fordham CVS Health’s $69 billion acquisition of health insurance company Aetna is expected to be finalized “on or about” Wednesday, according to Monday filings from the company. (Article Continues Below Advertisement) Rhode Island-based CVS Health’s purchase of Connecticut-based Aetna allows the ubiquitous pharmacy chain to expand the types of health care it
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  by Henry Rodgers Online sales during Black Friday hit an all-time high in 2018, reaching over $6.2 billion in sales — a massive increase to the previous year. (Article Continues Below Advertisement) There was a 23 percent increase compared to 2017’s $5.03 billion, according to a Saturday report from Adobe Analytics. The numbers show many consumers
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  by Neetu Chandak Thanksgiving weekend marks the beginning of holiday season shopping with many shoppers trying to nab deals on Black Friday and Cyber Monday. (Article Continues Below Advertisement) More than 40 percent of shoppers will do three-quarters of their holiday shopping online, according to the 2018 Retail Consumer Survey Insights from TransUnion. The shopping season
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  by Jason Hopkins Booming U.S. oil production is wreaking havoc on the Organization of the Petroleum Exporting Countries’ (OPEC) influence of the international market. (Article Continues Below Advertisement) American oil and gas companies — thriving from the country’s shale oil boom — are experiencing rapid rates of production. The U.S. experienced its largest
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More than 7 in 10 (71 percent) holiday shoppers plan to head to the stores and online over the Thanksgiving weekend (Thanksgiving Thursday – Cyber Monday), according to a new survey from Deloitte. Holiday shoppers say they’ll spend an average of $420 between Thanksgiving and Cyber Monday, and 88 percent expect to spend more or the
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The third consecutive month of lower year-over-year home sales in October contributed to the first year-over-year inventory increase in a decade according to the RE/MAX National Housing Report for October 2018. Meanwhile, the Median Sales Price recorded one of its lowest increases of 2018. The RE/MAX National Housing Report for October saw sales decline 4.6%
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Amazon.com Inc (AMZN.O) announced Tuesday that it will build two new Headquarters facilities in the United States amid record-high consumer confidence while Starbucks (SBUX) announces layoffs, Fox Business’ Charles Payne reports. Amazon chose New York City and the Washington, D.C. area, specifically Alexandria, Virginia, for its two new headquarters campuses placing them firmly in
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U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled the list of November’s Best New Car Deals. This month’s list includes seven vehicles with excellent financing or cash back incentives. U.S. News also provides November’s best lease deals and best used car deals. “We’re seeing a lot of very attractive cash back
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Lowe’s Companies, Inc. (NYSE: LOW) today announced the wind-down of certain underperforming store locations as part of its ongoing strategic reassessment. To focus on its most profitable stores and improve the overall health of its store portfolio, the company will: Close 20 U.S. stores. Most associates at these stores will be extended opportunities to
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New Orders, Production, and Employment Growing Supplier Deliveries Slowing at Faster Rate; Backlog Growing Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing at Faster Rate; Exports and Imports Growing     Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 114th consecutive month, say the nation’s supply executives in the latest Manufacturing
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  by Tim Pearce The U.S. economy added 250,000 jobs through the month of October and the unemployment rate held steady at 3.7 percent — a symbol of the historically tight labor market — according to Department of Labor (DOL) data released Friday. (Article Continues Below Advertisement) Wage growth topped 3 percent growth over the past
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Almost 75 percent of consumers would change pharmacies to save money, yet the majority of physicians do not provide price information Nearly half of consumers have abandoned a medication prescribed by their physician because it was too expensive, according to a survey released today by DrFirst, the nation’s leading provider of e-prescribing and patient medication management
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