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Money & The Economy

News on Finance, Money, markets and the economy

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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Survey: Nearly One-Quarter Of Workers Have Left A Job Due To A Bad Commute

Chicago, Miami, New York, and San Francisco have the most professionals who have quit because of a bad commute 39 percent of employees feel traveling to and from the office has gotten better in the past 5 years; 22 percent said it’s worsened Seattle, Denver, Austin, and San Francisco have the most professionals whose trip to work has gotten worse ...

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OPEC Believes US Shale Boom Won’t Last Long

OPEC predicts that competition with the U.S. will drop significantly in less than five years, allowing members of the world’s largest oil cartel to keep dominating the market.

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UN Makes Buying ‘Made in the USA’ As Hard As It Can Get

Did you know that before you even wake up in the morning you are subsiding profits to Chinese companies? It has to do with how our country levies shipping costs for products shipped from China. The fact is, shipping costs for products shipped by China into the United States are tantamount to nothing. Without ever buying a single item online ...

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Alaska, Connecticut Hold Highest Average Credit Card Balances; Iowa and Wisconsin Lowest

An Austin, Texas company released a study Wednesday that reveals which U.S. states hold the most credit card balances relative to the average incomes residents in those states earn. The Upgraded Points study underscores that an average 41.2 percent of Americans do not pay off their balances in full each month. Upgraded Points used the data compiled from each state ...

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Trump Effect: Middle-Market Businesses Boom as U.S. Economy Soars

Donald Trump success

Mid-sized businesses, representing roughly 40% of the U.S. economy and one-third of its workforce, registered the third consecutive quarter of record-high performance in the third quarter of 2018. Middle-market executives signaled a continuing robust forecast for the next six months, putting 2018 on pace to be the best year on record for the middle-market index. The RSM US Middle Market Business Index (MMBI), ...

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Cracker Barrel Reports Increased Retail Sales Despite Restaurant Revenue Decline

Cracker Barrel store front

Board declares quarterly dividend of $1.25 per share Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) today reported its financial results for the fourth quarter and for the full fiscal year ended August 3, 2018. Fourth Quarter Fiscal 2018 Highlights Compared to the prior year fourth quarter, comparable restaurant sales declined 0.4% and comparable store retail sales increased 1.3% On a GAAP ...

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Staples To Acquire Essendant For $12.80 Per Share In Cash

Staples, Inc. and Essendant Inc. (NASDAQ: ESND) today announced that they have entered into a definitive agreement under which an affiliate of Staples, the world’s largest office solutions provider, will acquire all of the outstanding shares of Essendant common stock for $12.80 per share in cash, or a transaction value of $996 million including net debt. The transaction follows the determination by Essendant’s Board ...

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