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Money & The Economy

News on Finance, Money, markets and the economy

Trump’s Latest Executive Action Could Alleviate A Huge Problem For The World’s Most Productive Oilfield

The Permian basin, now the world’s most productive oil and gas field, is booming — so much so that there’s not enough pipeline capacity to carry out all the natural gas it produces, meaning much of it is flared. How much? Some 553 million cubic feet per day, or enough to power every home in Texas, according to data from ...

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What We Learned From Uber Making Its IPO Filing Public

Uber made its initial public offering public of Thursday ahead of a public listing that experts say could set records. The ride-sharing company changed the U.S. transportation landscape after it was founded in 2009 but has faced many controversies, including a lawsuit related to alleged sexual assaults committed by fake Uber drivers and a late March strike by Los Angeles ...

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Wal-Mart Rolls Out Fleet Of Robots, Says Automation Is Good For Its Workers

Walmart is adding hundreds of robots to its stores to help wash floors and perform low-level jobs that will free up workers to do other important work. Walmart will add robots to at least 300 of its stores this year, The Wall Street Journal reported. In another 900 of its stores, Walmart will put 16-foot-high towers permitting shoppers to pick ...

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196,000 Jobs Added, Unemployment 3.8 Percent

Donald Trump success

The U.S. economy added 196,000 jobs in March while the unemployment rate remained steady at 3.8 percent, making March the 102nd straight month of job growth, according to Department of Labor data released Friday. Economists surveyed by The Wall Street Journal expected that the jobs report would show solid growth by 175,000 jobs and for the unemployment rate to remain ...

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Tesla’s First Quarter Deliveries Tumble As Musk Struggles To Expand Into China

Tesla’s first-quarter deliveries stumble as CEO Elon Musk works to expand the new Model 3 vehicle into China and Europe. The automaker delivered roughly 63,000 vehicles in the latest period, which is about 31 percent drop from the previous three months. Analysts predicted deliveries would drop to 73,500, according to FactSet, a number reflecting deliveries for the Model 3 and ...

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Trump Effect: Unemployment Claims Hit 50-Year Low

Donald Trump success

The total number of workers claiming unemployment insurance fell to the lowest level in 50 years, the Department of Labor reported Thursday. The number of applications claiming unemployment insurance benefits dropped by 10,000, bringing the number of applicants to 202,000, the lowest recorded number since Dec. 6, 1969, when the U.S. workforce and population were much smaller than they are ...

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Whiskey Market to Grow 6.4%, Worth $89.6 Billion

The global whiskey market size is expected to reach USD 89.60 billionby 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 6.4%during the forecast period on account of rising product consumption across the globe. Growing product usage in the artistic preparation of alcoholic drinks is the key factor driving the industry. Blended whiskey is ...

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Colorado Democrats Pass Bill To Crack Down On A Pillar Of State’s Economy — Oil And Gas Drilling

Legislation is headed to Colorado Governor Jared Polis’ desk that would completely overhaul state permitting of oil and gas wells that’s got Republicans and industry worried. The bill, which passed out of the state Senate on Wednesday in a party-line vote, changes the make-up and mission of the Colorado Oil and Gas Conservation Commission, the state’s drilling regulatory body. Once ...

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Workers Say Retirement is Freedom

New study explores the retirement prospects of Millennials, Generation X, and Baby Boomers In this era in which people have the potential to live longer than in any other time in history, a time when workers are grappling with how to financially prepare for older age, nonprofit Transamerica Center for Retirement Studies® (TCRS) set out to answer the question, “What does ‘retirement’ ...

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Under Trump, People With The Least Education Have Seen Their Income Rise The Fastest

Donald Trump success

Americans with the least amount of education have seen the strongest growth in their wages in the past decade, the Wall Street Journal reports. Wages for workers with less than a high school education degree grew roughly 21 percent from the beginning of 2009 to the end of 2018, according to Department of Labor data reviewed by WSJ. For education ...

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Dick’s Sporting Goods Lost Millions Over Anti-Gun Policies – Here’s How Much The Backlash Cost

Dick's Sporting Goods

Dick’s Sporting Goods took a loss of an estimated $150 million in sales last year after the company heavily restricted firearm purchases and began advocating anti-gun propaganda. The company made various policy changes after a school shooting in Parkland, Florida, left 17 dead. It announced it would no longer sell modern sporting rifles or high-capacity magazines, and increased the purchase ...

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Air Travel Consumer Report: January 2019 Numbers

WASHINGTON – The U.S. Department of Transportation (DOT) today released its March 2019 Air Travel Consumer Report (ATCR) on marketing and reporting air carrier data compiled for the month of January 2019. Complaints About Airline Service In January 2019, DOT received 878 complaints about airline service from consumers, down 39.5 percent from the total of 1,452 filed in January 2018 and down 12.3 ...

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Airline Goes Bankrupt, Leaves Thousands Stranded Across Europe

WOW Air declared bankruptcy and ceased all operations Thursday in a move that left thousands of travelers stranded across Europe and North America. “WOW AIR has ceased operation. All WOW AIR flights have been cancelled,” the airline posted in a Thursday travel alert. The Icelandic airline grounded planes from New York, Boston, Detroit, Baltimore, Montreal and Toronto late Wednesday night, ...

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Coal Advocates Warn The US Grid Is Growing More Vulnerable

The American Coalition for Clean Coal Electricity (ACCCE) released a white paper Wednesday warning of the U.S. electric grid’s growing instability as coal plants are phased out. The coal industry has suffered years of decline and coal plants in the U.S. are struggling to stay open. The industry’s waning is causing downstream effects to workers who must find new jobs ...

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