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Money & The Economy

News on Finance, Money, markets and the economy

CVS acquisition of Aetna gets DOJ Blessing

CVS Health (NYSE: CVS) today announced that it has entered into an agreement with the U.S. Department of Justice (DOJ) that allows it to proceed with its proposed acquisition of Aetna (NYSE: AET). DOJ clearance is a key milestone toward finalizing the transaction, which is also subject to state regulatory approvals, many of which have been granted. CVS Health’s acquisition ...

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Amazon Shifts Focus from Private Labels to Exclusive Brands

amazon logo

Private brand expansion has been a major priority for Amazon with several new labels being introduced every year. According to a new report by eCommerce analytics provider One Click Retail, Amazon is now slowing their private brand expansion in favor of introducing a number of Amazon-exclusive brands. Unlike Amazon-owned private labels, these brands are owned by manufacturers like Perrigo and First Quality ...

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U.S. Home Affordability Drops To Lowest Level In 10 Years

Home for sale

Home Prices Less Affordable Than Historic Averages In 78 Percent of Local Markets 30 Percent of Population in Markets Requiring $100,000+ in Annual Income to Buy a Home A report out Thursday shows that the U.S. home prices in the third quarter were at the least affordable level since Q3 2008 — a 10-year low. The report calculates an affordability ...

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Trump Effect: Jobs continued amazing growth in September

Private sector employment increased by 230,000 jobs from August to September according to the September ADP Report.  The impressive jobs numbers come on the heels of a report that showed wages also rose last month. Mark Zandi, chief economist of Moody’s Analytics, said, “The job market continues to power forward. Employment gains are broad-based across industries and company sizes. At the current ...

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Fox Business Takes Top Spot from CNBC for Business Day

Maria Bartiromo Fox Business

FBN Crushes CNBC Across Business Day, Market Hours and Total Day Viewers Maria Bartiromo’s Pre-Market Show ‘Mornings with Maria’ Scores Second Straight Quarterly Win over CNBC’s ‘Squawk Box’ in Total Viewers Lou Dobbs and Stuart Varney Lead as Top Two Programs in Business News CNBC Delivers Lowest Rated Quarter in Total Day and Primetime Viewers Since 2013 in the 25-54 ...

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High Interest Rates Put Pressure on Auto Sales in September

High interest rates continued to put pressure on new vehicle sales in September, according to the car shopping experts at Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 5.8 percent in September, compared to an average APR of 4.8 percent in September 2017 and 4.1 percent five years ago. Interest rates have stayed above 5 percent for eight months ...

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New-Car Prices Rise 2 Percent Year-Over-Year

Ford car lot auto dealership car sales

Analysts reported today that the estimated average transaction price for light vehicles in the United States was $35,742 in September 2018. New-vehicle prices increased by $687 (up 2 percent) from September 2017, while remaining flat (down 0.4 percent) from last month. “While September sales are expected to decline, average transaction prices remained strong, rising 2 percent year-over-year,” said Tim Fleming, analyst for Kelley Blue Book. “With interest rates on the rise ...

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Wages increase during tightening labor market

economy going up

Hourly wages increased again in September amid a tightening labor market. The Trump economy is red hot and it is putting pressure on the job market as more jobs are created than there are people to fill them. The increased competition for workers sent wages up 2.33% ($.61) in  September. The tight labor market continues to restrain job growth, while ...

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Find Money for College: Tips on Completing the FAFSA

The 2019-2020 Free Application for Federal Student Aid opened today, and U.S. News & World Report is here to help with an in-depth guide on what to know about the $120 billion in aid shelled out annually to college students by the Department of Education. U.S. News’ Paying for College Reporter Farran Powell offers the following tips about the FAFSA, a useful way to pay for ...

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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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