Money & The Economy

The Department of Justice reportedly expanded its probe of the Boeing 737 MAX to the aircraft manufacturer’s behemoth 787 Dreamliner model, according to The Seattle Times Friday. The subpoenas were issued to individual employees at Boeing 787 Dreamliner plant in South Carolina in early June, an unnamed source familiar with the investigation told The Seattle Times. Two other sources familiar ...

Chick-fil-A was named the most popular fast-food chain for the fourth consecutive year in a 2018-2019 American Customer Satisfaction Index report. On a customer satisfaction scale of 100 points, which is based on the input of nearly 23,000 individual customers, the fried chicken restaurant earned 87 points in 2018 and 86 in 2019. Panera Bread received the second-highest score with ...

Trump’s economic policies have brought about solid job growth and strong household formation The latest Health of Housing Markets Report (HoHM Report) from Nationwide Economics sees increasingly positive, sustainable trends for the housing sector for at least the next year. “Economic figures from early in the year were probably negatively affected by the government shutdown as well as the impacts of higher ...

Explosions at the Philadelphia Energy Solutions (PES) refinery, the largest on the East Coast, sent gasoline futures soaring, but experts say it’s still too early to know the full effects of the incident. “It is too early to know the full impact the fire at the PES facility will have on summer gas prices and for how long for East ...

Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors®. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month. May 2019 Existing Home Sales Total existing-home sales1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums ...

WASHINGTON – The U.S. Department of Transportation (DOT) today released its June 2019 Air Travel Consumer Report (ATCR) on reporting marketing and operating air carrier data compiled for the month of April 2019. April On-Time Performance In April 2019, reporting marketing carriers posted an on-time arrival rate of 79.8%, down from both the 80.9% on-time rate in March 2019 and from 81.3% ...

The Mexico Senate overwhelmingly voted to ratify the United States-Mexico-Canada Agreement (USMCA) Wednesday, making them the first country to approve the deal. The USMCA was previously a signed but not yet ratified free trade treaty between the U.S., Mexico and Canada. It was signed November 30, 2018 but was not ratified by any country until Wednesday. The USMCA replaces the ...

Facebook is partnering with 27 companies in an effort to create a financial system that relies on a cryptocurrency called Libra. The social media giant plans to begin its cryptocurrency program — which has been in the works for months — by 2020. Facebook is also expected to have 100 partners by that time, The New York Times reported Tuesday. ...

U.S. crude oil imports from the Saudi Arabian-led Organization of the Petroleum Exporting Countries (OPEC) fell to a 30-year low, according to the latest federal figures. OPEC imports fell to 1.5 million barrels per day in March 2019, which is the lowest level since March 1986, the U.S. Energy Information Administration reported Thursday. EIA said OPEC imports fell “as domestic ...

Google is moving technology out of China as the Silicon Valley company seeks to avoid pain from U.S. tariffs and a hostile Beijing, Bloomberg reported Tuesday night. Google is shifting production of server hardware out of the communist nation and moving motherboards to Taiwan, as the company tries to avert pain from a 25% tariff, the report notes, citing anonymous ...

Some Chinese exporters are putting fake “Made in Vietnam” stickers to try and avoid the U.S. tariffs, Vietnam alleged on Sunday. Vietnam said in a government statement that they have found dozens of cases where Chinese exports, including textiles, iron, steel, and aluminum, are being illegally transferred to Vietnam where fake stickers are then placed so that China can skirt the recent ...

The U.S. economy added 75,000 jobs in May while the unemployment rate remained at 3.6 percent, according to Department of Labor data released Friday. Economists predicted 180,000 jobs would be added and that wage growth would rise to about 3.2%, according to The Wall Street Journal. Jobs numbers for April were revised down from 263,000 to 75,000, according to the ...

Airlines were on-time more, had fewer cancellations, posted a slight increase in tarmac delays and they only killed one animal, according to reports from the U.S. Department of Transportation (DOT) released today that include the May 2019 Air Travel Consumer Report (ATCR) on reporting marketing, operating air carrier data compiled for the month of March 2019 and quarterly data for ...

Many Democrats running for president have come out against the oil and gas industry, despite concerns from labor unions. At least 15 Democratic candidates favor banning fossil fuel extraction on public lands, while 10 favor banning fracking. Former Vice President Joe Biden is the only Democrat to take no position on any of the environmental questions policies The Washington Post ...

Political unrest is something that is completely unavoidable. Not only can it present a number of problems for businesses in that country, but it can also widely affect the amount of international investment that may be received. With the stock market being highly versatile, any sign of political unrest can lead to a number of people withdrawing their investment or ...