Money & The Economy

WASHINGTON – The U.S. Department of Transportation (DOT) today released its August 2019 Air Travel Consumer Report (ATCR) on air carrier data compiled for the month of June 2019 which gives low marks to American Airlines for long delays after passengers have already boarded and for flight cancellations. Tarmac Delays In June 2019, airlines reported 49 tarmac
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U.S. home-sale prices rose for the third consecutive month in June, growing 3.4 percent year over year to a median of $321,200, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. June’s price-growth rate was on par with the May rate and was down from a 5.5 percent year-over-year gain in June 2018. Only
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Every major Democratic presidential candidate is scheduled to make an appearance at AARP-sponsored health care forums in Iowa this week, yet many of them stand for dismantling the health care insurance system that AARP and its partners rely on. Rep. Tulsi Gabbard, Massachusetts Sen. Elizabeth Warren and, of course, Medicare for all architect Independent Vermont
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China’s state-owned media might talk tough, but major tech companies are fleeing the country due to Beijing’s unfair trade practices, national security concerns, continued economic warfare with the United States and rising labor costs. The Nikkei Asian Review reported Wednesday that HP, Dell and Microsoft are joining Amazon, Google, Apple and other tech giants
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Trump’s economic policies have brought about solid job growth and strong household formation The latest Health of Housing Markets Report (HoHM Report) from Nationwide Economics sees increasingly positive, sustainable trends for the housing sector for at least the next year. “Economic figures from early in the year were probably negatively affected by the government shutdown as
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The Mexico Senate overwhelmingly voted to ratify the United States-Mexico-Canada Agreement (USMCA) Wednesday, making them the first country to approve the deal. The USMCA was previously a signed but not yet ratified free trade treaty between the U.S., Mexico and Canada. It was signed November 30, 2018 but was not ratified by any country until
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U.S. crude oil imports from the Saudi Arabian-led Organization of the Petroleum Exporting Countries (OPEC) fell to a 30-year low, according to the latest federal figures. OPEC imports fell to 1.5 million barrels per day in March 2019, which is the lowest level since March 1986, the U.S. Energy Information Administration reported Thursday. EIA said
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Some Chinese exporters are putting fake “Made in Vietnam” stickers to try and avoid the U.S. tariffs, Vietnam alleged on Sunday. Vietnam said in a government statement that they have found dozens of cases where Chinese exports, including textiles, iron, steel, and aluminum, are being illegally transferred to Vietnam where fake stickers are then placed so
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Many Democrats running for president have come out against the oil and gas industry, despite concerns from labor unions. At least 15 Democratic candidates favor banning fossil fuel extraction on public lands, while 10 favor banning fracking. Former Vice President Joe Biden is the only Democrat to take no position on any of the environmental
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The Environmental Protection Agency (EPA) announced Friday it would allow the year-round sale of higher ethanol gasoline. EPA Administrator Andrew Wheeler said the agency was fulfilling President Donald Trump’s promise to Midwestern agriculture states, which have been hit hard by retaliatory Chinese tariffs. EPA previously restricted the sale of “E15” gasoline — fuel blended with
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The Trump administration could save “billions of dollars” if the Energy Department improved its management of radioactive waste clean-ups, according to the Government Accountability Office (GAO). The GAO report, released Tuesday, also reported Congress could save up to $4.3 billion by curtailing of eliminating the loan program that gave $192 million to a failed luxury
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(NASDAQ: RDFN) — U.S. home-sale prices edged up 2.8 percent year over year to a median of $307,600 in April, according to a new report from Redfin (www.redfin.com), a technology-powered real estate brokerage. This marks a rebound from March’s slight annual price decline and a return to a more sustainable level of price growth than the 7 to
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The U.S. Postal Service (USPS) continues to lose money despite a booming economy under the Trump administration. USPS reported total revenue of $17.5 billion for the second quarter of fiscal 2019 (January 1, 2019 – March 31, 2019), a decrease of $8 million compared to the same quarter last year. The postal service is working to replace lost first
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The federal regulatory apparatus imposed a roughly $14,600 “hidden tax” on American households last year, according to a new report by the Competitive Enterprise Institute (CEI). “That amounts to 20 percent of the average pretax income of $73,573, and 24 percent of the average expenditure budget of $60,060,” CEI’s Wayne Crews wrote in his annual
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Get the CDN Morning News Blast Subscribe to our mailing list and get interesting stuff and updates to your email inbox. You have subscribed! There was an error processing your subscription. Private payrolls in the United States increased in April by the largest amount since last July, according to an ADP/Moody’s Analytics report released Wednesday.
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Washington – Today, U.S. Department of the Treasury Secretary, Steven T. Mnuchin, chaired a meeting of Ministers and other senior officials, representing the membership of the Financial Action Task Force (FATF). “Since its inception thirty years ago, the FATF has been at the forefront of efforts to combat money laundering.  This Minister-level meeting reaffirmed
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New study explores the retirement prospects of Millennials, Generation X, and Baby Boomers In this era in which people have the potential to live longer than in any other time in history, a time when workers are grappling with how to financially prepare for older age, nonprofit Transamerica Center for Retirement Studies® (TCRS) set out to
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