Money & The Economy

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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CVS officials said the company’s pharmacy benefit management division and Walmart were splitting over a price dispute Tuesday. The organizations walked back the announcement Friday. The split would have meant that many people who have CVS Health drug plans would no longer be able to pick up their prescriptions at Walmart locations. Walmart and CVS
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Drug companies raised prices on approximately one-third of the nearly 120 drugs classified as currently or recently in shortage after the shortages began, according to a Wall Street Journal report published Friday. Many of the drugs seeing big price hikes are low-cost prescription medicines that have been on the markets for years, like valsartan. It’s
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The United States is expected to churn out far more oil this year than what international analysts originally forecasted. The International Energy Agency, a Paris-based organization that helps coordinate energy policies for industrial countries, released its latest oil market report on Friday, noting exceptional numbers for the U.S. fossil fuel industry. The agency reported that
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U.S. home-sale prices increased just 1.2 percent in December compared to a year ago to a median of $289,800, according to a housing market analysis from Redfin, the next-generation real estate brokerage. The year-over-year increase in home prices was the smallest since the number went positive in March 2012. The median sale price of homes sold in December fell since
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California faces a new energy crisis with the bankruptcy of its biggest utility, Pacific Gas & Electric. PG&E has at least $30 billion in liabilities stemming from deadly wildfires sparked by its equipment. The bankruptcy raises questions about grid reliability, power prices and state green energy goals. Pacific Gas & Electric’s (PG&E) bankruptcy filing Monday
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The free-market think tank Competitive Enterprise Institute (CEI) released its conservative list of demands for policymakers on energy and environment issues in the 116th Congress Tuesday. CEI’s list contains ten policy goals to promote accessible and affordable energy by repealing and opposing burdensome regulations, encouraging fossil fuel energy development and cutting subsidies and other market-distorting
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The total U.S. rig count for December 2018 was 1,147, down 36 (-3%) from November 2018, and up 117 (+11%) from December 2017, according to analysts at S&P Global Platts, the leading independent provider of information and benchmark prices for commodities and energy markets. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling
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The Dow Jones Industrial Average rose 1,086 points, gaining nearly 5 percent, the biggest point gain in history, Wednesday afternoon after a rough Christmas Day. The Dow Jones also had the biggest upside move on a percentage basis since March 23, 2009, according to CNBC. This comes as the stock market had its worst week in nearly 10 years from Dec. 17 through
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Despite heavy criticism from activists, fast food chain Chick-fil-A is projected to become the third largest restaurant chain in the U.S., according to research from Kalinowski Equity Research. The fast food chicken chain will rise from its number seven spot to rank as the third largest U.S restaurant chain by 2018’s close, according to the
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A report out Monday finds that the Toys product group on Amazon.com sold an estimated $510M for Q3 2018, up 30% from last year. Amazon.co.uk Toy sales also witnessed a significant year-over-year growth of 15% with total estimated sales reaching £60M. Edge’s Market Share research reveals that Outdoor Play, Toys for Adults and Automotive toy trends will carry Amazon
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