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Money & The Economy

News on Finance, Money, markets and the economy

Stocks React as Trump Threatens Tariffs on All Chinese Imports

Donald Trump CNBC interview 7-20-18

Stock market index futures initially dropped in early Friday trading after President Donald Trump issued another threat to China over its unfair trade practices. The markets initially reacted to the president’s comments in a CNBC interview that aired Friday morning. Trump said he’s “ready to go” on tariffs against all Chinese imports worth over $500 billion. Dow futures dropped to ...

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Median Home Sale Price Reaches Nine-Year High, Sales Decline

Halfway through 2018, prices are at record highs, inventory is at record lows and home sales are trailing 2017’s pace, according to the RE/MAX National Housing Report. June sales were 5.5% lower than June 2017 in the 54 metro areas surveyed, marking the seventh consecutive month of year-over-year declines. Headed in the opposite direction, the June Median Sales Price of $258,500 was an all-time high ...

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Consumers and the Federal Government continue spending on credit

Credit cards

Consumers and the Federal Government continue to increase debt due to spending according to a new report out Wednesday. Revolving debt, almost all of which is consumer credit card debt, increased by more than $16 billion in May, according to Lending Tree’s Consumer Debt Outlook for July 2018. That’s the largest-ever increase in revolving credit for that calendar month and the largest percentage increase ...

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Consumers continue to spend more on liquor

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, combined with continued confidence in the ...

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Commercial aerospace spending declines, while defense speeds ahead

F-35B taking off from Assault Craft

Global defense subsector grew by 3.9 percent to $361.5 billion in 2017 with military spending continuing to rise across the globe U.S. A&D industry revenue growth reverses two-year trend — U.S. marginally outperformed European counterparts with a 3.4 percent year-on-year growth Global aerospace and defense (A&D) sector revenues grew by 2.7 percent to reach US$685.6 billion in 2017, according to the 2018 Global ...

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4 Junk Yard Scams to Avoid

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 common scams that junkyards will try ...

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Record High Surge of Personal Loans

Personal loans are United States’ fastest-growing consumer-lending category, as they have reached a new record this year. Data from TransUnion credit bureau shows a significant rise of about 18%, this only during the first four months of the year, reaching the sum of $120 billion. The data also shows that Fintech companies represent 36% of total personal loans, in the ...

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Where to Make the Most Cash in the Gig Economy

As FitSmallBusiness.com, the digital business publication, established in a recent study, it’s all about the gig economy now.  Freelancers contribute nearly $1.4 trillion every year to the national economy, and it’s projected that nearly 43 percent of the U.S. workforce will be represented by gig economy jobs in the year 2020 – proving that “gig” is not only here to stay, it will continue ...

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Private Sector Employment Increased by 177,000 Jobs in June

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 change in total nonfarm private employment ...

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