Money & The Economy

Scratching the surface, it may look bad financially. Digging deeper, his steel strategy plans for a better future for America economically and strategically. In 1945, the United States produced 72% of the world’s steel. Since then, the US’s impact on global steel production has shrunk tremendously as manufacturers have found it cheaper to outsource
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Recently rising in popularity, cryptocurrency may be one of the most intriguing “assets” in the world. Unlike many other investments, these assets have no real underlying value and are vastly different from traditional currencies, such as the euro and US dollar, which are backed by powerful central banks. These relatively new instruments have opened
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CVS Health (NYSE: CVS) today announced that it has entered into an agreement with the U.S. Department of Justice (DOJ) that allows it to proceed with its proposed acquisition of Aetna (NYSE: AET). DOJ clearance is a key milestone toward finalizing the transaction, which is also subject to state regulatory approvals, many of which
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  by Tim Pearce The number of Americans claiming unemployment insurance fell unexpectedly last week after side effects from Hurricane Florence drove figures up. The number of unemployment filings edged back toward the lowest rate in nearly five decades. The four-week moving average fell to the lowest rate since October 1973, according to data released by the
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Private sector employment increased by 230,000 jobs from August to September according to the September ADP Report.  The impressive jobs numbers come on the heels of a report that showed wages also rose last month. Mark Zandi, chief economist of Moody’s Analytics, said, “The job market continues to power forward. Employment gains are broad-based across industries
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The 2019-2020 Free Application for Federal Student Aid opened today, and U.S. News & World Report is here to help with an in-depth guide on what to know about the $120 billion in aid shelled out annually to college students by the Department of Education. U.S. News’ Paying for College Reporter Farran Powell offers the following tips about the FAFSA,
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  by Chris White Democrats are working to rescue Tesla as the company struggles to cope with the possibility of losing a lucrative tax credit many analysts argue is the only thing keeping the electric vehicle industry afloat. Democrats are pushing to extend the breaks, while Republicans paint the subsidy and attempts to solidify
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A new report out Wednesday reveals the 25 Highest Paying Jobs in America for 2018 with some surprising results and others, like Doctors and Lawyers, at the top as expected. Nearly seven in ten (67 percent) job seekers and workers say that salary is a key piece of information they hone in on when researching jobs,
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Millennials’ perceived value in buying a home dropped below 50 percent, down significantly from post-Brexit high, according to the latest ValueInsured quarterly Modern Homebuyer Survey: In the third quarter of 2018, 48 percent of all millennials believe buying a home in America today is a good investment; this is a record low, down from 54 percent in
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The top 10 best jobs in today’s “gig economy” were released today in a CareerCast report that serves as a guide for independent workers seeking employment. Among the best jobs for gig workers are: Accountant, Application Software Developer, Carpenter, Management Analyst, Marketing Manager, Multimedia Artist, Occupational Therapist, Plumber, Public Relations Specialist and Web Developer. “The ability
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Private sector employment increased by 219,000 jobs from June to July, beating analyst estimates of 185,000, according to the July ADP National Employment Report. The increase comes as the Trump economy continues to create good-paying, full-time jobs. “The labor market is on a roll with no signs of a slowdown in sight,” said Ahu Yildirmaz, vice
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Pending home sales increased in all four major regions in June, but overall activity lagged year-ago levels for the sixth straight month, according to an industry report. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 0.9 percent to 106.9 in June from 105.9 in May. Despite last month’s increase, contract
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Orders at U.S. factories for durable goods rose in June despite constant media reports fretting over President Donald Trump’s negotiating tactics on trade. The Commerce Department reported Thursday that durable goods – items meant to last at least three years, like appliances – rose 1 percent in June. Excluding transportation manufacturers, orders were up
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