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Money & The Economy

News on Finance, Money, markets and the economy

Home Prices Up 0.6% in February, the Smallest Year-Over-Year Gain Since March 2012

Prices fell more than 8% in San Francisco and San JoseNewark, Milwaukee and Buffalo saw prices rise more than 10% U.S. home-sale prices increased just 0.6 percent year-over-year to a median of $287,400 in February, according to a report by Redfin, (www.redfin.com), the technology-powered real estate brokerage. This was the smallest increase recorded since prices stopped falling year-over-year in March 2012. Home prices were up only 0.6% ...

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DEA warns of alarming increase of scam calls

WASHINGTON – The Drug Enforcement Administration urges its DEA-registered practitioners and members of the public to be cautious of telephone calls from criminals posing as DEA or other law enforcement personnel threatening arrest and prosecution for supposed violations of federal drug laws or involvement in drug-trafficking activities. “DEA continues to receive reports from practitioners and the general public, alike, indicating ...

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The best practices, examples and much more about experiential marketing

We all know about the benefits and the “what-is-it” for a traditional advertisement campaign. The conventional campaign through the televised media, internet or even the local newspaper allows the consumer to self-educate about the brand and the products on offer. However, experiential marketing increases the user experience for the consumer. Here you can experience a brand, and the strategy essentially ...

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Trump Administration Sanctions Russian Bank for Attempting to Circumvent Sanctions on Venezuela

US treasury

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Evrofinance Mosnarbank, a Moscow-based bank that is jointly owned by Russian and Venezuelan state-owned companies.  As the Treasury has continued to escalate the use of sanctions against the illegitimate regime of former President Nicolas Maduro, the net assets of Evrofinance Mosnarbank (Evrofinance) bank grew ...

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Senate Democrats Target Trump’s Alleged Interference Into Mega Media Merger

Sen. Chris Van Hollen wants U.S. Attorney General William Barr to investigate whether President Donald Trump played a heavy role in recent media merger reviews, Axios reported Friday. The Maryland Democrat’s request comes as other members of his party are asking for information related to a New Yorker report that the president directed officials to ensure the Department of Justice sue to block the AT&T-Time Warner deal. Van ...

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Treasury Sanctions Venezuela’s State-Owned Oil Company Petroleos de Venezuela, S.A.

Trump administration Intensifies Pressure on Maduro and Regime Insiders, Demonstrates U.S. Commitment to Leverage Economic Pressure to Support the Venezuelan People’s Transition to Democracy Washington – Today the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Petroleos de Venezuela, S.A. (PdVSA) pursuant to Executive Order (E.O.) 13850 for operating in the oil sector of the Venezuelan economy.  ...

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ADP: Private Sector Employment Increased by 183,000 Jobs in February

Private sector employment increased by 183,000 jobs from  January to February according to the February ADP National Employment Report®.  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment ...

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AMAC Explains How Social Security Survivor Benefits Work

As an answer to a question posed in a letter to the editor, the Association of Mature American Citizens (AMAC) published an explanation of how survivor benefits work for widows and widowers. Widower Seeking Answers About Social Security by AMAC Certified Social Security Advisor Russell Gloor As a widower, you could have started receiving a survivor benefit from your wife ...

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Here Are the Top 50 Colleges Offering Free Classes Online

A new guide, published Wednesday, ranks the top 50 universities that offer free online courses. The potential of Massive Open Online Courses (MOOCs) is only now beginning to be realized, though the concept has been around for over a decade. As the format has been embraced by reputable colleges and universities, free online courses have proven to be a game-changer ...

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Purdue Pharma Could Face Problem With Bankruptcy As Profits Lined Its Owners’ Pockets

OxyContin manufacturer Purdue Pharma is reportedly weighing a bankruptcy filing after most of its profits ended up in the pockets of the Sacklers, the multibillion-dollar family who control the company, according to sources cited by The Wall Street Journal. The drug company is working with restructuring experts for a potential bankruptcy filing, people familiar with the matter said, Reuters first reported Monday. ...

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Small Business Hiring Remained Flat in February, While Wage Growth Increased

Small business job growth consistent with previous month Hourly earnings growth increased slightly A new report out Tuesday continued to reflect signs of the tight labor market. At 98.93, the Small Business Jobs Index was unchanged in February, remaining just below 99. Though the rate of job growth has stayed relatively consistent over the past three months, the national index ...

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Tax Refunds Now up 1.3 Percent over 2018, Increase 19 Percent from Last Week

The average American’s tax refunds are up in 2019, according to the U.S. Treasury Department. Mainstream media has reported for weeks that President Trump’s tax plan had negatively impacted refund amounts, but new data shows they got it wrong. “The average refund at this point in the filing season is now up 1.3 percent over last year based on 47.7 ...

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Whole Foods Is Just A Tip Of The Iceberg As Sources Say Amazon Has Plan To Dominate The Food Market

Amazon.com buying Whole Foods Market

Amazon is planning to open a new string of grocery stores separate from its Whole Foods Market brand to offer a wider and cheaper selection of goods, sources told The Wall Street Journal. The company is planning dozens of locations in the largest cities in the U.S. The first store will open in Los Angeles potentially by the end of ...

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Texas Town’s Oil Boom Has Barbers Earning $180,000

Barbers are earning as much as $180,000 a year cutting hair in West Texas, one of the hottest job markets in the country, The Wall Street Journal reports. An oil boom that has taken hold over the Permian Basin is leading to so much economic activity and expansion, the area can barely keep pace. In Pecos, Texas, Barbers charging a ...

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