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Money & The Economy

News on Finance, Money, markets and the economy

Trump effect: Factory orders climb despite media hyperventilating about tariffs

Donald Trump success

Orders at U.S. factories for durable goods rose in June despite constant media reports fretting over President Donald Trump’s negotiating tactics on trade. The Commerce Department reported Thursday that durable goods – items meant to last at least three years, like appliances – rose 1 percent in June. Excluding transportation manufacturers, orders were up 0.4%, the fifth straight monthly gain. ...

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Half of All U.S. Homes Are More Valuable than Pre-Recession Peak

Home for sale

In seven of the 35 largest U.S. housing markets, more than 95 percent of homes are worth more than their peak value during the housing boom The median U.S. home value is $217,300, up 8.3 percent over the past year Home values are 8.4 percent higher than they were at the height of the housing bubble Median rent rose 1.3 ...

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How Malta is evolving into a Cryptocurrency hub

Malta is predicted to be one of the leading countries for blockchain and cryptocurrency development. The country offers great IT opportunities, training, and a very wonderful environment. Now, a growing number of blockchain and cryptocurrency companies are considering relocating to Malta. But what exactly is the reason behind this? What are the things that blockchain and cryptocurrency companies find attractive ...

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Walmart vs. Amazon: 4 Factors Consumers Consider When Online Grocery Shopping

Despite rising competition, Walmart remains the largest retailer in the world. By a wide margin, more people purchase groceries in-store/online from Walmart than other leading food retailers and supermarkets, although Amazon is the online grocery purchasing leader, according to market research firm Packaged Facts in U.S Grocery Market Focus: The Walmart Food Shopper, a new report that’s first in a four-part series on ...

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Strong used vehicle sales pushed up prices in June

Car lot

Robust sales of used vehicles helped to push up prices in June, according to an industry update. Analysts note the used vehicle market turned a positive corner with an increase in the Seasonally Adjusted Used Vehicle Price by 1.2 points—compared with May—to reach 118.2. June’s above-average performance brought the index 4.1 points above June 2017. J.D. Power’s July 2018 Used Car and Light Truck ...

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Raising a ‘Fair’ Credit Score to ‘Very Good’ Could Save Over $45,000

A study released today on the impact of raising a ‘fair’ credit score to ‘very good’ found that consumers could save over $45,000. LendingTree researchers analyzed anonymized loan request and average loan balance data from LendingTree users to see how a lower credit score can increase borrowing costs for the average American with a fair versus excellent credit score. The analysts compared the ...

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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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State Farm Dropping Insurance Rate by 3% in Texas

Jake from State Farm

At a time where everything seems to be going up and making us pay more and more, there comes State Farm dropping those rates by 3%. This is big, considering that they are the largest auto insurer in Texas, and a cheap auto insurance Texas is not that easily found. This change is expected to save the average customer around ...

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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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Top 5 Things You Should Know About No Credit Check Loans

Here’s a picture for you: you’re sitting in front of your new Mercedes, staring at a broken windscreen that seems to have appeared there overnight. Was it there before? Did someone threw a rock at it while you left it parked there? It doesn’t really matter anymore; all you know is that it’s going to cost you a fair amount ...

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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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Increase of Personal Loans is Four Times Faster Than Wages

economy going up

The years of 2016 and 2017 meant loans worth £37bn for UK households, as shown by the UK Finance’s published data. This also means a growth of four times faster than the wages – which means that loans now stand at an outstanding value. While the Financial Conduct Authority (FCA) has stated that most of the loans involved people that ...

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