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Money & The Economy

News on Finance, Money, markets and the economy

Trump Effect: Manufacturing continues amazing expansion in September despite tariff concerns

Donald Trump success

Economic activity in the manufacturing sector expanded in September along with the overall economy, say the nation’s supply executives in the latest ISM Manufacturing report. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The September PMI® registered 59.8 percent, a decrease of 1.5 percentage points from the August reading of 61.3 percent. ...

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Pending Home Sales Dip 1.8 Percent in August

Pending home sales fell slightly in August and have now decreased on an annual basis for eight straight months, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 1.8 percent to 104.2 in August from 106.1 in July. With last month’s decline, contract signings are now down 2.3 percent year-over-year. ...

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Green Ontario Fund Offers Thousands in Rebates for Insulation and High Performing Windows

In December 2017, Ontario Minister of the Environment and Climate Change Chris Ballard announced the start of the Green Ontario Fund, a Government-funded program that will offer eligible homeowners rebates of up to thousands for energy-efficient home renovations such as windows and insulation. The cap-and-trade program aims to promote sustainable home improvements among Ontario residents, making them easier and more ...

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Here are the cities with the highest share of zero-debt homeowners

A study released today showed which cities have the highest share of homeowners without mortgage debt, ranking U.S. cities by the proportion of such homeowners who are ‘free and clear’. To assess “free and clear” homeowners, analysts used LendingTree’s proprietary database of almost all homes in the United States to calculate the proportion of homes with zero mortgage debt in each city. ...

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Sonic to be Acquired By Arby’s parent company in $2.3 billion transaction

Sonic Corp. (NASDAQ: SONC) and Arby’s parent, Inspire Brands, Inc. today announced that they have entered into a definitive merger agreement under which Inspire will acquire Sonic for $43.50 per share in cash in a transaction valued at approximately $2.3 billion. “Sonic is a highly differentiated brand and is an ideal fit for the Inspire family,” said Paul Brown, Chief ...

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Trump Effect: Consumer Confidence Continues Rise in September

economy going up

Consumer confidence increased in September, following a large improvement in August. The Index now stands at 138.4 (1985=100), up from 134.7 in August. The Present Situation Index improved marginally from 172.8 to 173.1, while the Expectations Index surged from 109.3 last month to 115.3 this month. “After a considerable improvement in August, Consumer Confidence increased further in September and hovers ...

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Grubhub to acquire Tapingo

Grubhub (NYSE: GRUB), the nation’s leading online and mobile food-ordering and delivery marketplace, today announced it has entered into an agreement to acquire Tapingo, a leading platform for campus food ordering. With over 150 college campus partners, Tapingo enables tens of thousands of order-ahead transactions per day for more than half a million active diners at on-campus cafes, restaurants, and cashier-less stores. ...

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Nearly half of Americans think the middle class is shrinking and one third believe it will disappear entirely

Americans are twice as likely to say the middle class is shrinking (45%) versus expanding (21%), according to new data from Northwestern Mutual’s 2018 Planning & Progress Study. Additionally, one in three (32%) Americans can see a time when the middle class completely disappears while a quarter more (24%) are uncertain of its future. While the majority of Americans still ...

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Health Insurance Premiums Have Increased 62 Percent Since the First Obamacare Open Enrollment Period

Obamacare has failed the American people

Today eHealth, Inc. (NASDAQ: EHTH) released its annual Health Insurance Price Index Report for 2018, tracking costs and trends for major medical health plans purchased without federal subsidies at eHealth.com during the Affordable Care Act’s (ACA’s) 2018 open enrollment period, which ran from November 1 to December 15, 2017. eHealth’s Price Index Report tracks costs and trends from the ACA’s initial 2014 open enrollment ...

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SiriusXM to Acquire Pandora, Creating World’s Largest Audio Entertainment Company

Sirius Logo

SiriusXM to Acquire Pandora in All-Stock Transaction Valuing Pandora at $3.5 Billion Both SiriusXM and Pandora Brands, Products, and Services to Continue Complementary Transaction Adds Largest U.S. Audio Streaming Platform to SiriusXM’s Strong in-Car Presence Pandora to Benefit from SiriusXM’s Scale, Industry Expertise, and Financial Resources SiriusXM to Benefit from Pandora’s Mobile Strength, Digital Presence, and Ad Capabilities Sirius XM ...

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