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Money & The Economy

News on Finance, Money, markets and the economy

SiriusXM to Acquire Pandora, Creating World’s Largest Audio Entertainment Company

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SiriusXM to Acquire Pandora in All-Stock Transaction Valuing Pandora at $3.5 Billion Both SiriusXM and Pandora Brands, Products, and Services to Continue Complementary Transaction Adds Largest U.S. Audio Streaming Platform to SiriusXM’s Strong in-Car Presence Pandora to Benefit from SiriusXM’s Scale, Industry Expertise, and Financial Resources SiriusXM to Benefit from Pandora’s Mobile Strength, Digital Presence, and Ad Capabilities Sirius XM ...

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Survey: Nearly One-Quarter Of Workers Have Left A Job Due To A Bad Commute

Chicago, Miami, New York, and San Francisco have the most professionals who have quit because of a bad commute 39 percent of employees feel traveling to and from the office has gotten better in the past 5 years; 22 percent said it’s worsened Seattle, Denver, Austin, and San Francisco have the most professionals whose trip to work has gotten worse ...

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OPEC Believes US Shale Boom Won’t Last Long

OPEC predicts that competition with the U.S. will drop significantly in less than five years, allowing members of the world’s largest oil cartel to keep dominating the market.

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UN Makes Buying ‘Made in the USA’ As Hard As It Can Get

Did you know that before you even wake up in the morning you are subsiding profits to Chinese companies? It has to do with how our country levies shipping costs for products shipped from China. The fact is, shipping costs for products shipped by China into the United States are tantamount to nothing. Without ever buying a single item online ...

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Alaska, Connecticut Hold Highest Average Credit Card Balances; Iowa and Wisconsin Lowest

An Austin, Texas company released a study Wednesday that reveals which U.S. states hold the most credit card balances relative to the average incomes residents in those states earn. The Upgraded Points study underscores that an average 41.2 percent of Americans do not pay off their balances in full each month. Upgraded Points used the data compiled from each state ...

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Trump Effect: Middle-Market Businesses Boom as U.S. Economy Soars

Donald Trump success

Mid-sized businesses, representing roughly 40% of the U.S. economy and one-third of its workforce, registered the third consecutive quarter of record-high performance in the third quarter of 2018. Middle-market executives signaled a continuing robust forecast for the next six months, putting 2018 on pace to be the best year on record for the middle-market index. The RSM US Middle Market Business Index (MMBI), ...

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Cracker Barrel Reports Increased Retail Sales Despite Restaurant Revenue Decline

Cracker Barrel store front

Board declares quarterly dividend of $1.25 per share Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) today reported its financial results for the fourth quarter and for the full fiscal year ended August 3, 2018. Fourth Quarter Fiscal 2018 Highlights Compared to the prior year fourth quarter, comparable restaurant sales declined 0.4% and comparable store retail sales increased 1.3% On a GAAP ...

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Staples To Acquire Essendant For $12.80 Per Share In Cash

Staples, Inc. and Essendant Inc. (NASDAQ: ESND) today announced that they have entered into a definitive agreement under which an affiliate of Staples, the world’s largest office solutions provider, will acquire all of the outstanding shares of Essendant common stock for $12.80 per share in cash, or a transaction value of $996 million including net debt. The transaction follows the determination by Essendant’s Board ...

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Hours of Video Viewed on a Mobile Phone Increased by 55% from 2015 to 2017

Parks Associates today released a new whitepaper ahead of IBC, “Video’s Critical Path: Success at Web Speed,” that reports by the end of 2017, U.S. broadband households were spending nearly three hours per week watching video on a mobile phone, an increase of nearly 55% from 2015. This shift comes as households are watching less live broadcast video on their televisions, which ...

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Home Prices Rise Three Times Faster than Rents

Only 41 percent of the U.S. population lives in a county where a median-income household can afford to buy a median list price home As home prices rise across the U.S., choosing to rent has become increasingly popular. New analysis by realtor.com® reveals the monthly costs of buying a home have risen by 14 percent over the past year. This ...

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43 Percent of Americans Changed How They Pay for Gasoline Because of ‘Skimming’ Concerns

gasoline-shortages-in-north-carolina

A survey released showed how Americans are reacting to the growing threat of gas skimming, where criminals implant devices on or in gas station fuel pumps with the intent of stealing the credit card information of unwitting customers. Gas skimming is a growing threat to consumers at the gas pump — so much so that it has made an impact ...

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