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Money & The Economy

News on Finance, Money, markets and the economy

Trump Effect: College Hiring Outlook Strongest in More than a Decade

80 percent of employers say they plan to hire college graduates this year, up from 74 percent last year Nearly half of employers plan to increase the starting salaries they offer to recent graduates CareerBuilder data shows college graduates are making mistakes that are preventing them from getting jobs Business, engineering, and computer and information sciences among most sought-after majors ...

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Save on cookware, electronics and more with these Amazon.com promo codes for May

amazon logo

Current promotional codes from Amazon as of May 16, 2018 (some expire at the end of may, others in June or later) $25.00 off ELO Black Die-Cast Aluminum Kitchen Cookware Pots and Pans Set with Durable Non-Stick Coating and Oven Mitts, 9-Piece 20% off Waffle Cone and Bowl Maker- Homemade Ice Cream Wafflecones in Minutes – Includes Roller and Bowl ...

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Home sales increase 2.3% despite shrinking inventory, higher prices

economy going up

Home sales increased 2.3% year-over-year in April 2018 in the face of record low inventory and the second-highest median sales price in the nine-year history of the RE/MAX National Housing Report. In April, San Francisco, CA reached a new benchmark surpassing $1 million for the metro area’s median sales price. Eight other metro areas including Las Vegas, NV, Seattle, WA and Boise ID saw large double-digit price increases from just a year ago. ...

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Housing Confidence Bottoms Out Due to Unaffordability

Home for sale

High home prices, unaffordability cause confidence in housing health to drop to lowest levels in nine quarters The desire to own a home remains high, currently at 79 percent among non-homeowners, however; 67 percent believe the American housing market is unhealthy, according to the latest ValueInsured quarterly Modern Homebuyer Survey. In addition, the number of people who believe buying a home today is a ...

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Amazon gives new Whole Foods incentive to Prime members

Amazon.com buying Whole Foods Market

The integration of Whole Foods into the Amazon ecosystem continues Wednesday as the online retail giant extends discounts at Whole Foods to members of its subscription service. Prime members now save more at Whole Foods Market. Starting today, members get an additional 10 percent off sale items, typically hundreds of products throughout the store, plus weekly deep discounts on select ...

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Vacant properties plague struggling U.S. cities

Lincoln Institute of Land Policy Detroit Houses

Despite a drop in numbers across much of the United States since the recession, vacant and abandoned properties continue to dog struggling postindustrial cities, tearing apart neighborhoods with growing intensity, according to a report published by the Lincoln Institute of Land Policy. Since the 1990s, vacancies have become more widespread in cities such as Detroit, Cleveland, and St. Louis, former industrial powerhouses known as legacy ...

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Tesla Bull Turns Bearish As Clouds Over Elon Musk Continue To Darken

  by Chris White One of Tesla’s chief supporters on Wall Street has taken a more bearish approach to the electric automaker as the company embarks on a major managerial shakeup following poor production numbers. Morgan Stanley analyst Adam Jonas is tossing up warning flags concerning the business and production aspects of the Silicon Valley company. He slashed his price target due ...

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Report: Bank Card Defaults Highest in 6 years despite strong economy

S&P Dow Jones Indices and Experian released today data for 2018 through April for their Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate decreased four basis points to 0.92%. The bank card default rate rose eight basis points to 3.86%. The auto loan default rate fell six ...

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‘Fair’ credit rating can cost home buyers an extra $21,000 in mortgage costs

Homebuyers with a lower credit score pay thousands of dollars more for the same home than a buyer with an excellent credit score. A new report finds that nationally, a borrower with an “excellent” credit score could get a mortgage with a 4.50 percent Annual Percentage Rate. A similar borrower with a “fair” credit score could get a 5.10 percent rate. ...

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Flat Glass Market Size Worth $124.14 Billion by 2022

Flat Glass

The global flat glass market size is expected to reach USD 124.14 billion by 2022, according to a new report by Grand View Research, Inc., posting a CAGR of 7.1% during the forecast period. Robust growth of the building and construction sector in developing countries is expected to be a key factor propelling the market. Glass is increasingly being used in construction applications. Tempered ...

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Smucker Completes Acquisition of Ainsworth Pet Nutrition, Maker of Rachael Ray Nutrish Pet Food

Rachel Ray Pet Nutrish pet food

The J. M. Smucker Company (NYSE: SJM) announced Monday it had completed the acquisition of Ainsworth Pet Nutrition in a transaction valued at approximately $1.7 billion, after an estimated tax benefit of $200 million.  The Company previously announced the signing of a definitive agreement to acquire Ainsworth on April 4, 2018. Ainsworth is a leading producer, distributor, and marketer of premium pet food ...

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Report: The 8 Best Cars to Buy Now

Car lot

U.S. News & World Report today unveiled May’s list of the Best Cars to Buy Now. To make U.S. News’ monthly list, a car has to meet three criteria: declining sales, strong manufacturer incentives and excellent scores in the U.S. News Best Cars rankings. “With auto sales slowing, we’re seeing better incentives,” says Jamie Page Deaton, managing editor of U.S. News Best Cars. ...

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7 Easy Employee Engagement Tips to Transform Your Business

Employees in work discussion

Deep down your employees want to do much more than you may think. Do you view them as a difficult bunch that will never live up to your expectations? Or perhaps you know there’s more to them but you’re not sure how to activate that potential. For both these groups, I have one message: Their performance levels are mostly up ...

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Americans On Pace to Amass a Collective $4 Trillion in Consumer Debt by the End of 2018

debt

Analysis of the latest Federal Reserve data found that despite a recent pause in credit card balance increases, Americans are on pace to amass a collective $4 trillion in consumer debt by the end of 2018. Collectively, Americans owe more than 26 percent of their income on consumer debt, up from 22 percent in 2010. Incomes growing, but consumer borrowing growing faster ...

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Skyrocketing tuition costs push more to online universities – here’s which are best

The skyrocketing cost of tuition has caused skyrocketing popularity in online degree programs. Since the year 1982, tuition has risen upwards of 400%. But for more than a decade now, distance education enrollments have been growing despite traditional enrollments continuing to decrease. Colleges and universities are constantly evolving to provide online options for their prospective students in order to stay ...

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