Money & The Economy

(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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Dick’s Sporting Goods took a loss of an estimated $150 million in sales last year after the company heavily restricted firearm purchases and began advocating anti-gun propaganda. The company made various policy changes after a school shooting in Parkland, Florida, left 17 dead. It announced it would no longer sell modern sporting rifles or
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China is trying to stem an economic slowdown, including rising unemployment, continuing into the first two months of 2019 after documenting its worst year of economic growth in nearly 30 years in 2018. Beijing is trying to counter the slowdown by spending more on infrastructure project and encouraging banks to extend loans to small
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OxyContin manufacturer Purdue Pharma is reportedly weighing a bankruptcy filing after most of its profits ended up in the pockets of the Sacklers, the multibillion-dollar family who control the company, according to sources cited by The Wall Street Journal. The drug company is working with restructuring experts for a potential bankruptcy filing, people familiar with
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Several states are cutting taxes and putting money aside to protect themselves during future recessions as state economies continue to boom since President Donald Trump took office. Almost every U.S. state is experiencing a thriving economy; 48 states will meet or exceed revenue expectations, according to a survey from The National Conference of State Legislatures, The
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Survey results from 2,000 high school and college-aged teens, and young adults, across the country shows that a significant portion of students continue to delay decisions on their career choice well into their sophomore year of college. The survey, conducted by Wakefield Research for Junior Achievement USA and The Hartford, is available in a report titled Insuring Career
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The U.S. Department of Transportation (USDOT) announced today that the Federal Railroad Administration (FRA) intends to cancel $929 million in Federal grant funds yet to be paid for the California High-Speed Rail project envisioned to connect the L.A. Basin to the San Francisco Bay Area. In addition, the Department announced it is actively exploring
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President Donald Trump pleaded with the Tennessee Valley Authority Monday to rethink closing one of its largest coal power plants in Kentucky. The president was elected partially on the promise to revitalize the beleaguered industry. “Coal is an important part of our electricity generation mix and @TVAnews should give serious consideration to all factors
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The U.S. economy added 304,000 jobs while the unemployment rate rose slightly to 4 percent in the first month of 2019, according to Department of Labor (DOL) data released Friday. January marks the 100th straight month of job growth in the U.S., a record more than twice as long as the previous one of
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