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Money & The Economy

News on Finance, Money, markets and the economy

Used Vehicle Price Index Slows for Second Consecutive Month

Car lot

In the November 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that after decelerating in September, the used vehicle market slowed for the second consecutive month in October. As a result, the Seasonally Adjusted Used Vehicle Price Index decreased by 1 point, relative to September, to 120.6. Highlights from the free monthly report point out: Wholesale ...

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More than 70 percent of Consumers Will Shop During Holiday Weekend; Cyber Monday to Grab Most Spending

Holiday shopping

More than 7 in 10 (71 percent) holiday shoppers plan to head to the stores and online over the Thanksgiving weekend (Thanksgiving Thursday – Cyber Monday), according to a new survey from Deloitte. Holiday shoppers say they’ll spend an average of $420 between Thanksgiving and Cyber Monday, and 88 percent expect to spend more or the same on the holiday season than ...

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Home Sales Drop for Third Month

Home for sale

The third consecutive month of lower year-over-year home sales in October contributed to the first year-over-year inventory increase in a decade according to the RE/MAX National Housing Report for October 2018. Meanwhile, the Median Sales Price recorded one of its lowest increases of 2018. The RE/MAX National Housing Report for October saw sales decline 4.6% from a year ago – compared ...

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Manufacturing Industry Faces Unprecedented Employment Shortfall

2.4 Million Skilled Jobs Projected to Go Unfilled Skills shortage could risk $454 billion in economic output by 2028 Lack of skilled workers could cost  17 percent of U.S. manufacturing’s GDP contribution As growth in the U.S. economy continues and manufacturers create more and more jobs in a thriving sector, the industry’s pre-existing workforce crisis could get even worse according to ...

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Amazon announces new HQ sites, Starbucks announces cuts, and Consumers Expect to Spend More on Gifts in 2018

Amazon.com Inc (AMZN.O) announced Tuesday that it will build two new Headquarters facilities in the United States amid record-high consumer confidence while Starbucks (SBUX) announces layoffs, Fox Business’ Charles Payne reports. Amazon chose New York City and the Washington, D.C. area, specifically Alexandria, Virginia, for its two new headquarters campuses placing them firmly in the nation’s financial and political centers. ...

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Fox Business Network Taps WSJ’s Gerry Baker for Weekly Primetime Series

FOX Business Network (FBN) will debut a new weekly primetime show hosted by The Wall Street Journal’s Editor-at-Large Gerry Baker on Friday, November 30th, announced Brian Jones, president of the network. The program, entitled WSJ AT LARGE WITH GERRY BAKER, will air Fridays at 9:30 PM/ET following Maria Bartiromo’s Wall Street (9 PM/ET) and feature interviews with major industry leaders ...

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Best New Car Deals for November

Car lot

U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled the list of November’s Best New Car Deals. This month’s list includes seven vehicles with excellent financing or cash back incentives. U.S. News also provides November’s best lease deals and best used car deals. “We’re seeing a lot of very attractive cash back deals this month,” says Jamie Page Deaton, ...

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Consumers Plan to Spend More This Year on Holiday Gifts, Shop Online More

Holiday shopping

U.S. Households Plan to Spend an Average of $627 this Season 37% to buy most of their gifts online With consumer confidence at an 18-year high, unemployment at record lows, and wages rising, U.S. households are approaching the holidays in good spirits, with intentions to spend about $627 on gifts this season, according to a survey by The Conference Board. This is ...

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