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Money & The Economy

News on Finance, Money, markets and the economy

Vail Resorts goes on a shopping spree, buys four ski resorts

Vail Resorts will acquire Triple Peaks, LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado In a separate transaction, Vail Resorts will acquire Stevens Pass Resort in Washington State Upon closing, Epic Pass and Whistler Blackcomb Edge Card products will now include additional access to all four resorts for ...

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Microsoft to acquire GitHub for $7.5 billion

Microsoft (NASDAQ: MSFT) announced on Monday it has reached an agreement to acquire GitHub, the world’s leading software development platform where more than 28 million developers learn, share and collaborate to create the future. Together, Microsoft hopes, the two companies will empower developers to achieve more at every stage of the development lifecycle, accelerate enterprise use of GitHub, and bring Microsoft’s ...

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Trump Effect: Second Quarter GDP Forecast at 4.8% – besting Obama predictions


The Trump economy is not only growing, but accelerating according to the newest forecast from the Atlanta Federal Reserve’s GDPNow model. The forecast sees consumer spending growth and private fixed investment growth increased from 3.4 percent and 4.6 percent, respectively, to 3.5 percent and 5.4 percent, respectively based on the May employment report, the construction spending report, and the Manufacturing ISM ...

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223,000 new jobs in May; Unemployment at lowest since 1969

economy going up

Total nonfarm payroll employment increased by 223,000 in May, and the unemployment rate edged down to 3.8 percent, the lowest rate since 1969, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, including retail trade, health care, and construction. The May jobs numbers were so good that even The New York Times had trouble ...

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US IT Sector Records Fourth Consecutive Month of Job Growth

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The U.S. information technology (IT) sector added an estimated 8,700 new jobs in May, the fourth consecutive month of employment growth, according to CompTIA, the leading technology industry association. A CompTIA analysis of today’s Bureau of Labor Statistics “Employment Situation” report finds May job growth occurred in three categories: IT services, custom software development and computer system design (+ 6,600 jobs) ...

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Trump Effect: Manufacturing sector continues expansion in May

New Orders, Production, and Employment Growing Supplier Deliveries Slowing at Faster Rate; Backlog Growing Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing at Faster Rate; Exports and Imports Growing Economic activity in the manufacturing sector expanded in May, and the overall economy grew for the 109th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report. “The May PMI® registered 58.7 ...

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Record Number Of Small Businesses Are Raising Wages Amid Tight Labor Market

economy going up

  by Will Racke A greater share of small companies in the U.S. are raising wages than at any time in the past three decades, according to a survey released Thursday from the nation’s biggest independent business association. A seasonally adjusted 35 percent of small business owners reported they have increased labor compensation in order to recruit new employees or retain ...

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Trump’s Tariffs At Work: Solar Company Plans New Factory In Georgia

  by Jason Hopkins A foreign solar panel company is building a manufacturing facility in the U.S., marking the latest boost in the industry since President Donald Trump imposed tariffs on imported solar equipment. The White House’s recently enacted tariffs on solar panels appear to be working. Hanwha Q Cells Korea Corporation — a Korea-based manufacturer of photovoltaic materials — will be opening ...

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Average loan amount and monthly payment for new vehicles reach record highs

Ford car lot auto dealership car sales

Many industry pundits expect new vehicles sales to continue their downward trend. According to Experian’s State of the Automotive Finance Market Report released today, one reason for the trend may be the rise in loan amounts, monthly payments and interest rates for new vehicles. In fact, average new vehicle loan amounts and monthly payments recently hit record highs. Findings show ...

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Pending Home Sales Lose Steam in April, Decline 1.3 Percent

Home for sale

After two straight months of modest increases, pending home sales dipped in April to their third-lowest level over the past year, according to the National Association of Realtors®. All major regions saw no gain in contract activity last month. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, declined 1.3 percent to 106.4 in April from an upwardly ...

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Many Rewards Credit Card Holders Don’t Shop Around

Many consumers don’t do their research when it comes to credit cards, according to U.S. News & World Report, the global authority in rankings and consumer advice. In its most recent survey of credit card holders, U.S. News found that nearly half of respondents didn’t research their card before signing up. Further, more than 50 percent of those surveyed don’t regularly shop ...

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Private Sector Employment Increased by 178,000 Jobs in May

Private sector employment increased by 178,000 jobs from April to May according to the May 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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