Money & The Economy

The distilled spirits industry saw its 20th consecutive year of volume growth, rising 2.1% in 2017 to 227.7 million nine-liter cases. According to the Beverage Information Group’s 2018 Liquor Handbook, consumers are spending more and drinking more—an increase of 6.7 million cases over the previous year. The ongoing interest in high-end and super-premium products across the spirits segments,
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Can we be honest for a moment? If someone asked you to name a consistently honest, trustworthy, reliable business, “junkyard” probably wouldn’t be the first thing to come out of your mouth. Indeed, trying to sell your junk car to a local junkyard can be incredibly stressful and problematic. There are a handful of
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Private sector employment increased by 177,000 jobs from May to June according to the June ADP National Employment Report®.  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the
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Business Activity Index at 63.9% New Orders Index at 63.2% Employment Index at 53.6% Economic activity in the non-manufacturing sector grew in June for the 101st consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute
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Housing demand increased 7.4% in May according to the Redfin Housing Demand Index just released. The rise was driven by a 6.3 percent increase in the number of homebuyers requesting tours, and a 9.7 percent increase in the number making offers on homes from April to May. The Demand Index is based on thousands of
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Merger between Home Chef and Kroger to Redefine the Grocery Customer Experience, Enhance Restock Kroger, and Accelerate Meal Kit Market Growth. (Photo: Home Chef) The Kroger Co. (NYSE: KR) and Home Chef, the country’s largest private meal kit company, today finalized a deal that will make Home Chef the newest addition to the Kroger family
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A report released Thursday finds that American household debt is currently on pace to exceed the prior peak debt level from 2008 by the end of June, primarily due to non-mortgage consumer debt. LendingTree’s Consumer Debt Outlook for June 2018, an anlysis of the latest Federal Reserve data, found that mortgage-related household debt has actually fallen by 5.5 percent
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U.S. home prices in the first quarter were at the least affordable level since Q3 2008 according to ATTOM Data Solutions report and California is home to three of the top 5 least affordable counties. The Q2 2018 U.S. Home Affordability Report calculates an affordability index based on percentage of income needed to buy a median-priced
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Recent data from Nationwide’s Health of Housing Markets Report (HoHM Report) show a further worsening of housing market sustainability. For the first time since 2010, Nationwide’s proprietary Leading Index of Healthy Housing Markets (LIHHM) does not forecast a positive outlook for the housing sector. LIHHM is unusual among housing market reports because it is a forward-looking
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Mortgage lenders reported a net negative profit margin outlook for the seventh consecutive quarter, as rising home prices and tight housing supply continue to put a squeeze on mortgage demand, according to Fannie Mae’s Q2 2018 Mortgage Lender Sentiment Survey®. When asked about consumer demand for GSE eligible and government loans, the net share of
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Shoppers seeking bargains on used vehicles might find them harder to come by when they head to the dealership this summer, according to the latest Used Car Report released by the experts at Edmunds.  In the first quarter of 2018, the average transaction price for a used vehicle was $19,657. This reflects a 2.2 percent
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The Labor Commissioner’s Office has found Cheesecake Factory Restaurants, Inc. liable in a $4.57 million wage theft case that underpaid 559 janitorial workers managed by Magic Touch Commercial Cleaning. Americlean Janitorial Services Corp., the Cheesecake Factory’s janitorial contractor that subcontracted the work to Magic Touch Commercial Cleaning, is also liable for the wage theft,
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Commodities rose in May as supplies were reduced due to higher temperatures and increased demand. The Bloomberg Commodity Index Total Return performance was higher for the month, with 15 out of 22 Index constituents posting gains. Credit Suisse Asset Management observed the following: Energy increased 2.66%, led higher by Natural Gas, after persistent above-normal
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