Money & The Economy

  by Evie Fordham CVS Health’s $69 billion acquisition of health insurance company Aetna is expected to be finalized “on or about” Wednesday, according to Monday filings from the company. (Article Continues Below Advertisement) Rhode Island-based CVS Health’s purchase of Connecticut-based Aetna allows the ubiquitous pharmacy chain to expand the types of health care it
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  by Henry Rodgers Online sales during Black Friday hit an all-time high in 2018, reaching over $6.2 billion in sales — a massive increase to the previous year. (Article Continues Below Advertisement) There was a 23 percent increase compared to 2017’s $5.03 billion, according to a Saturday report from Adobe Analytics. The numbers show many consumers
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  by Neetu Chandak Thanksgiving weekend marks the beginning of holiday season shopping with many shoppers trying to nab deals on Black Friday and Cyber Monday. (Article Continues Below Advertisement) More than 40 percent of shoppers will do three-quarters of their holiday shopping online, according to the 2018 Retail Consumer Survey Insights from TransUnion. The shopping season
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  by Jason Hopkins Booming U.S. oil production is wreaking havoc on the Organization of the Petroleum Exporting Countries’ (OPEC) influence of the international market. (Article Continues Below Advertisement) American oil and gas companies — thriving from the country’s shale oil boom — are experiencing rapid rates of production. The U.S. experienced its largest
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More than 7 in 10 (71 percent) holiday shoppers plan to head to the stores and online over the Thanksgiving weekend (Thanksgiving Thursday – Cyber Monday), according to a new survey from Deloitte. Holiday shoppers say they’ll spend an average of $420 between Thanksgiving and Cyber Monday, and 88 percent expect to spend more or the
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The third consecutive month of lower year-over-year home sales in October contributed to the first year-over-year inventory increase in a decade according to the RE/MAX National Housing Report for October 2018. Meanwhile, the Median Sales Price recorded one of its lowest increases of 2018. The RE/MAX National Housing Report for October saw sales decline 4.6%
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Amazon.com Inc (AMZN.O) announced Tuesday that it will build two new Headquarters facilities in the United States amid record-high consumer confidence while Starbucks (SBUX) announces layoffs, Fox Business’ Charles Payne reports. Amazon chose New York City and the Washington, D.C. area, specifically Alexandria, Virginia, for its two new headquarters campuses placing them firmly in
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U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled the list of November’s Best New Car Deals. This month’s list includes seven vehicles with excellent financing or cash back incentives. U.S. News also provides November’s best lease deals and best used car deals. “We’re seeing a lot of very attractive cash back
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Lowe’s Companies, Inc. (NYSE: LOW) today announced the wind-down of certain underperforming store locations as part of its ongoing strategic reassessment. To focus on its most profitable stores and improve the overall health of its store portfolio, the company will: Close 20 U.S. stores. Most associates at these stores will be extended opportunities to
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New Orders, Production, and Employment Growing Supplier Deliveries Slowing at Faster Rate; Backlog Growing Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing at Faster Rate; Exports and Imports Growing     Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 114th consecutive month, say the nation’s supply executives in the latest Manufacturing
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  by Tim Pearce The U.S. economy added 250,000 jobs through the month of October and the unemployment rate held steady at 3.7 percent — a symbol of the historically tight labor market — according to Department of Labor (DOL) data released Friday. (Article Continues Below Advertisement) Wage growth topped 3 percent growth over the past
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Almost 75 percent of consumers would change pharmacies to save money, yet the majority of physicians do not provide price information Nearly half of consumers have abandoned a medication prescribed by their physician because it was too expensive, according to a survey released today by DrFirst, the nation’s leading provider of e-prescribing and patient medication management
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The Redfin Housing Demand Index increased 5.1 percent from August to 131 in September, after remaining essentially flat around 124 since May, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The month-over-month increase in demand was driven more by growth in early-stage home-buying activity than in the more serious stage of offer-writing. The number of
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  by Tim Pearce Business magnate Warren Buffett is spending tens of millions of dollars in a campaign against a Nevada ballot measure that would break his monopoly on electricity supply in the state. (Article Continues Below Advertisement) NV Energy, owned by Buffett’s company Berkshire Hathaway, is a government-regulated monopoly and Nevada’s largest utility.
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  by Federal investigators are examining whether Tesla misstated information related to the Silicon Valley company’s production of the Model 3, a car some believe could revolutionize the auto industry. (Article Continues Below Advertisement) FBI agents are also trying to determine if the company misled investors about the company’s business model going back to 2017,
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  by Jason Hopkins New Jersey’s solar industry is expected to plummet unless imminent action by regulators is taken, allowing subsidies to continue propping up solar installation sales. (Article Continues Below Advertisement) The New Jersey solar market has grown steadily in recent years. With over 99,000 solar installations in place and around 7,000 employees
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Continued growth and a strong economy have small business optimism reaching post-recession highs, particularly among male business owners, according to Capital One’s (NYSE: COF) latest Small Business Growth Index, a biannual survey of 500 small business owners (SBOs) gauging sentiment related to the economy, business conditions and plans for growth. The survey found 67
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  by Jason Hopkins Analysts with the Organization of Petroleum Exporting Countries (OPEC) are closely monitoring American output, warning members that rising U.S. production could drive down oil prices. (Article Continues Below Advertisement) OPEC officials are concerned that increased U.S. oil production and a seasonal buildup of oil stock could put downward pressure on oil
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Existing-home sales declined in September after a month of stagnation in August, according to the National Association of Realtors. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent from August to a seasonally adjusted
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