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Money & The Economy

News on Finance, Money, markets and the economy

Didn’t get what you wanted? These Amazon promo codes can help you get it CHEAP!

amazon logo

If the gift you wanted wasn’t under the tree, use these promo links on Amazon.com to find something you want at a discount. Click on the link and the promo code will be automatically applied to anything you place in your cart. Grocery 15% off Chef Shamy butter. Available now through 1/5, while supplies last. Health and Personal Care 20% off ...

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Where Does the Federal Government Get All That Money?

Did you know that the U.S. federal government collects more than $3 trillion in taxes each year? Where does all that money come from? Find out in this short video. Transcript Every year the U.S. federal government collects more than $3 trillion in taxes, and almost half of that comes from you and me, the individual income taxpayers. These are ...

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Trump Effect: Holiday Retail Sales Up Double Digits

Holiday shopping

2017 holiday retail sales totals are up 16 percent year-over-year (YOY) according to an industry data analysis firm and the number of transactions is up 19 percent. The company also reported sales results for Free Shipping Day, December 15, showing retail revenues grew by 16 percent and the number of consumer transactions increased by 14 percent compared to Free Shipping Day ...

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Illinois: A debacle of Democrat Rule and Ruin

People of Illinois, how do you like living in a state experiencing a severe financial crisis?  Well, that’s where you live and that’s what Democrats have brought you – the worst bond rating in the nation and over $15 billion in debt. Democrats overtax to overspend to buy votes. That is the Democrat’s losing game, and it is better to ...

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Trump effect: Fed raises fourth quarter GDP Forecast to near 4 percent

NY Fed Nowcast 4q17

The New York Federal Reserve on Friday raised its estimate for fourth-quarter GDP closer to 4% after revisions of earlier data showed a stronger economy than previously thought. The N.Y. Fed’s “Nowcast” forecasting model predicts that the economy is expanding at an annualized rate of 3.98 percent in Q4 – a .6% increase from last week’s 3.92% estimate. The regional central ...

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Trump Effect: American optimism on economy at 11-year high


A new survey released Monday showed that Americans feel better about the economy now than at any point in recent history. The CNBC-America Economic Survey of 800 adults showed that 41% of those polled said they expect the economy to improve over the next year, nearing an all-time record. The poll also found that more than half of respondents rated ...

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What’s in the final version of the Republican tax bill

House Republicans - why does tax reform matter to you

The conference committee that was negotiating the differences between the tax reform bills passed by the House and Senate has reached agreement on the consolidated bill and released the details to the public. “I’m very excited about this moment. It’s been 31 years in the making and took a lot of hard work by a lot of people to make ...

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Trump Effect: Nov. Retail Sales Blow Out Expectations


U.S. retail sales figures blew out expectations for November as the holiday season and enthusiasm for President Donald Trump’s economic agenda fueled the beginning of the holiday buying season. The Commerce Department reported Thursday that retail sales rose .8% last month continuing an amazing run-up for 2017. Analysts had forecast just a .3% rise. October sales were also adjusted up ...

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The Trump Effect: U.S. Employers Report the Most Optimistic Hiring Outlook in a Decade

Outlook of +19% Driven by Optimism in Construction, Manufacturing and Transportation & Utilities Employers in the Midwest Report Strongest Hiring Outlook Since 2001 U.S. employers report the strongest hiring intentions in 10 years as employers across the country look to add staff in the first quarter of 2018, according to the latest ManpowerGroup Employment Outlook Survey. Hiring momentum continues to ...

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What trends will retail see in 2018?

online shopping

SAN FRANCISCO — Adyen, the payments platform of choice for the world’s leading companies, Tuesday released its global retail predictions for 2018. Based on Adyen data, market research and anecdotes from hundreds of merchants, the company found early cues as to what savvy shoppers and retailers should expect next year. Last year, Adyen predicted that mobile shopping and personalized customer experiences would ...

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Hogan: Social Security Won’t Give You Security

Social Security won't give you security

If you’re counting on Social Security to finance your retirement, you’re in for a big surprise. Money expert Chris Hogan explains why. Full Transcript If you’re counting on Social Security to finance your retirement, you’re in for a big surprise—and not the good kind. Let me give you two reasons why. One: Social Security is going broke. And, two: Even ...

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Three Ways to Protect Yourself from the “Pay Upfront Scam” During a Holiday Cash Crunch

phone scammer

Many Pennsylvanians may find themselves looking for solutions to a cash crunch during the holiday shopping season. However, Pennsylvania’s Secretary of Banking and Securities Robin L. Wiessmann urges consumers to avoid the “pay upfront scam” for bogus loans or credit cards. Wiessmann explains how this scam works: The con artist will target people with poor credit histories by promising easy or “guaranteed” ...

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Job growth remains solid despite tightening labor market

economy going up

Employment increased by 228,000 jobs in November after increasing by 244,000 jobs in October. As the labor market is tightening, employment growth has been gradually slowing in the past couple of years. Is the acceleration in economic activity in recent quarters reversing this trend? The noise created by the hurricanes is making this difficult to answer, but November’s stronger than ...

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U.S. News & World Report Identifies the 8 Best Cars to Buy Now

Car lot

U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled December’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. “Year-end discounts and incentives make this a great time to ...

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Drug Prices Increase 50X Faster Than Inflation

Retail prices for 768 prescription drugs commonly used by older adults increased by an average of 6.4% in 2015, outpacing the general inflation rate of 0.1%. This is at least the 12th straight year of substantial retail price increases for prescription drugs, according to the latest in a series of AARP Public Policy Institute reports that began tracking drug prices in ...

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