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Money & The Economy

News on Finance, Money, markets and the economy

Manufacturing Industry Faces Unprecedented Employment Shortfall

2.4 Million Skilled Jobs Projected to Go Unfilled Skills shortage could risk $454 billion in economic output by 2028 Lack of skilled workers could cost  17 percent of U.S. manufacturing’s GDP contribution As growth in the U.S. economy continues and manufacturers create more and more jobs in a thriving sector, the industry’s pre-existing workforce crisis could get even worse according to ...

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Amazon announces new HQ sites, Starbucks announces cuts, and Consumers Expect to Spend More on Gifts in 2018

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 the nation’s financial and political centers. ...

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Fox Business Network Taps WSJ’s Gerry Baker for Weekly Primetime Series

FOX Business Network (FBN) will debut a new weekly primetime show hosted by The Wall Street Journal’s Editor-at-Large Gerry Baker on Friday, November 30th, announced Brian Jones, president of the network. The program, entitled WSJ AT LARGE WITH GERRY BAKER, will air Fridays at 9:30 PM/ET following Maria Bartiromo’s Wall Street (9 PM/ET) and feature interviews with major industry leaders ...

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Best New Car Deals for November

Car lot

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 deals this month,” says Jamie Page Deaton, ...

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Consumers Plan to Spend More This Year on Holiday Gifts, Shop Online More

Holiday shopping

U.S. Households Plan to Spend an Average of $627 this Season 37% to buy most of their gifts online With consumer confidence at an 18-year high, unemployment at record lows, and wages rising, U.S. households are approaching the holidays in good spirits, with intentions to spend about $627 on gifts this season, according to a survey by The Conference Board. This is ...

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2018 Veterans Day Deals and Discounts

Military.com is showcasing Veterans Day Discounts again this year with one of the most comprehensive lists available of over 100 restaurants, retailers, travel and recreation organizations seeking to show their appreciation for service members, veterans, retirees and their families.

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Lowe’s to Close more than 50 locations

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 transition to a similar role at ...

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Trump Economy Smashes Expectations

Donald Trump success

The economy continues to smash expectations with strong job creation, rising wages, and soaring confidence thanks to President Trump’s pro-growth agenda and even the mainstream media has to admit just how awesome the Trump Effect is.   CNBC: Payrolls Smash Estimates with Gain of 250,000, Wage Gains Pass 3% for First Time Since Recession “Job growth blew past expectations in ...

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Manufacturing continues expansion in October, employment and exports increasing

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 ISM Report On Business. “The October PMI registered ...

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Fox Business Network Crushes CNBC in Ratings Beatdown

FBN Dominates CNBC across Both Total Day and Business Day Viewers “Trish Regan Primetime” Beats CNBC’s Shark Tank & Debut Scores FBN’s Highest-Rated Week in 8PM/ET Timeslot FOX Business Delivers Top Five Programs in Business News FOX Business Network (FBN) marked its 17th consecutive month as the leader in business news, according to Nielsen Media Research. As financial markets experienced ...

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Trump Effect: Consumer confidence rises to 18-year high in October

economy going up

Consumer confidence increased to an 18-year high in October, following an increase in September. The Conference Board Consumer Confidence Index now stands at 137.9 (1985=100), up from 135.3 a month ago. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – improved from 169.4 to 172.8. The Expectations Index – based on consumers’ ...

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