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Money & The Economy

News on Finance, Money, markets and the economy

Dick’s Sporting Goods Lost Millions Over Anti-Gun Policies – Here’s How Much The Backlash Cost

Dick's Sporting Goods

Dick’s Sporting Goods took a loss of an estimated $150 million in sales last year after the company heavily restricted firearm purchases and began advocating anti-gun propaganda. The company made various policy changes after a school shooting in Parkland, Florida, left 17 dead. It announced it would no longer sell modern sporting rifles or high-capacity magazines, and increased the purchase ...

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Air Travel Consumer Report: January 2019 Numbers

WASHINGTON – The U.S. Department of Transportation (DOT) today released its March 2019 Air Travel Consumer Report (ATCR) on marketing and reporting air carrier data compiled for the month of January 2019. Complaints About Airline Service In January 2019, DOT received 878 complaints about airline service from consumers, down 39.5 percent from the total of 1,452 filed in January 2018 and down 12.3 ...

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Airline Goes Bankrupt, Leaves Thousands Stranded Across Europe

WOW Air declared bankruptcy and ceased all operations Thursday in a move that left thousands of travelers stranded across Europe and North America. “WOW AIR has ceased operation. All WOW AIR flights have been cancelled,” the airline posted in a Thursday travel alert. The Icelandic airline grounded planes from New York, Boston, Detroit, Baltimore, Montreal and Toronto late Wednesday night, ...

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Coal Advocates Warn The US Grid Is Growing More Vulnerable

The American Coalition for Clean Coal Electricity (ACCCE) released a white paper Wednesday warning of the U.S. electric grid’s growing instability as coal plants are phased out. The coal industry has suffered years of decline and coal plants in the U.S. are struggling to stay open. The industry’s waning is causing downstream effects to workers who must find new jobs ...

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Terrorist Financing Targeting Center Hosts Exercise on Disrupting Illicit Finance

Riyadh, Saudi Arabia – The Terrorist Financing Targeting Center (TFTC) this week convened a regional capacity-building workshop in Riyadh focused on Iranian illicit finance schemes and the risks Iran poses to the international financial system. The TFTC, launched in 2017, is a multilateral effort among the United States, Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar, and Oman to ...

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Treasury Offers Underpayment Penalty Relief to More Taxpayers

Washington – Today, the U.S. Department of the Treasury lowered the withholding underpayment threshold to 80 percent, delivering more taxpayers penalty relief. This change applies to taxpayers whose total withholding and estimated tax payments for 2018 are equal to or greater than 80 percent of their taxes owed. The typical threshold to avoid a penalty is 90 percent, but earlier ...

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Treasury Sanctions Venezuela’s National Development Bank, and Subsidiaries, in Response to Illegal Arrest of Guaido Aide

Washington – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Banco de Desarrollo Economico y Social de Venezuela, or BANDES, pursuant to E.O. 13850, as amended, for operating in the financial sector of the Venezuelan economy, as well as four additional financial institutions that BANDES owns or controls. “The willingness of Maduro’s inner-circle to exploit ...

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Maryland Lawmakers Want To Increase Minimum Wage By Nearly 50 Percent

The Maryland General Assembly voted Wednesday to approve a state $15 minimum wage, sending the bill to GOP Gov. Larry Hogan’s desk for final approval, The Baltimore Sun reports. Hogan has opposed raising the current $10.10 minimum wage by such a large amount, a nearly 50 percent increase. The bill passed Maryland’s legislature with enough votes to overcome an executive veto, all ...

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Report: Used Vehicle Market Poised for Record Sales in 2019

New car prices hit record highsCertified pre-owned (CPO) vehicle sales expected to rise as affordable alternatives Used vehicle sales in 2019 are poised to hit the highest level since the recession, according to a new report from Edmunds. In 2018, 40.2 million used vehicles were sold in the U.S.; in 2019, Edmunds analysts predict used vehicle sales could approach 41 ...

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An Ultimate Guide to Buy Prescription Lenses and Frames Online

Today, it is usually far easier, as well as less expensive, to buy every little thing on the internet and have it delivered to your home. When you are considering buying new eyewear on the internet, you should research the offers completely to make certain that you receive lenses and frames that will meet your needs. With a little groundwork ...

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Treasury Sanctions Venezuela’s Gold Mining Company and Chief for Propping Up Illegitimate Maduro Regime

Nicolas Maduro Venezuela

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated CVG Compania General de Mineria de Venezuela CA, or Minerven, the Venezuelan state-run ferrous metals mining company, and its President, Adrian Antonio Perdomo Mata, targeting the illicit gold operations that have continued to prop up the illegitimate regime of former President Nicolas Maduro.  Today’s ...

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Survey: 42 Percent Of Job Applicants Don’t Meet Skills Requirements, But Companies Are Willing To Train

More than three in four professionals would apply for a job even if they aren’t qualified84 percent of companies are willing to hire and train a candidate who lacks required skills62 percent of employees have been offered a position when they were underqualified; this has happened most frequently in Charlotte, San Diego, Austin and Washington, D.C. Should professionals mind the ...

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Consumers could boost credit scores by adding telecommunications and utility bill payments to credit file

Experian Boost pilot revealed two-thirds of consumers saw an improvement to their FICO Score In a game-changing move that many expect will significantly improve financial inclusion for millions of Americans, Experian today launched Experian Boost, a first-of-its-kind financial tool. Experian Boost, which is available at no cost to all credit active adults in the United States, empowers consumers to add positive payment ...

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China Trying To Stem Economic Slowdown, Failing

China is trying to stem an economic slowdown, including rising unemployment, continuing into the first two months of 2019 after documenting its worst year of economic growth in nearly 30 years in 2018. Beijing is trying to counter the slowdown by spending more on infrastructure project and encouraging banks to extend loans to small businesses, reported The Wall Street Journal ...

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