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Money & The Economy

News on Finance, Money, markets and the economy

‘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


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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Trump Effect: Economic Growth To Continue Throughout 2018

economy going up

Economic growth is expected to continue in the U.S. throughout 2018, say the nation’s purchasing and supply executives in their Spring 2018 Semiannual Economic Forecast. Expectations for the remainder of 2018 continue to be positive in both the manufacturing and non-manufacturing sectors according to the Institute for Supply Management® (ISM®) Business Survey Committees. Manufacturing Summary Sixty-two percent of respondents from the panel of manufacturing ...

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Four Reasons You’ll Pay More At The Pump This Summer


  by Robert Donachie A combination of geopolitical events, environmental regulations, and rising demand will beset U.S. commuters with higher-than-average gas prices this summer. Pump prices typically rise during the summer months as Americans take to the open roads for vacation trips. Currently, the national average price for gasoline is about $2.80 a gallon — a sharp uptick from $2.40 ...

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Historically low unemployment rate trending down

The US labor market continues to tighten, although job growth in April was 164,000, a little below expectations. The unemployment rate dropped to 3.9 percent in April, one of the lowest rates in recent history. The broader measure of labor underutilization U-6 declined to 7.8 percent, the lowest rate since 2001. The tightening labor market is a result of a ...

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List your Home on Wednesday to Sell for the Highest Price, Thursday for the Quickest Sale

Home for sale

To sell for the most money, homeowners should put their home on the market on a Wednesday, according to Redfin (www.redfin.com), the next-generation real estate brokerage. To sell the fastest, list on Thursday, Redfin says. The Redfin analysis, based on a sample of 100,000 homes that sold in 2017, found homes listed on Sunday performed the worst. Using Sunday as a baseline, ...

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Trump Effect: Nation brimming with positive economic news

Donald Trump success

“Recent headlines and articles trumpet the good news: President Donald J. Trump’s economic policies are growing the economy, producing record-high confidence, and creating new jobs.” President Donald Trump’s “America First” agenda has steadily shown results that mean higher earnings for working families, more jobs for American workers and a bright future for those entering the workforce. GDP grew 2.3% in ...

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March shows modest gains in housing market despite rate increases

Existing-home sales and contract signings both saw modest gains in March, even as low supply and higher mortgage rates continued to affect overall affordability, according to the National Association of Realtors. The association released a 56-second animated video summarizing how the housing market performed in March, as well as a look at consumer optimism about buying and selling a home in ...

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Get Your Dream Job With These 12 Resume Tips

We all want to land our dream job and have a career that interests us and that we love going into each day. The first step to this is your resume. So, here are 12 tips to improve it and set you up on the road to success. 1. Grab The Recruiter’s Attention The first few sentences of your resume ...

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14 Resume And Interview Mistakes Technology Professionals Need To Avoid

Top technology talent may be in high demand, but that doesn’t mean IT job seekers can skate through the application process. In a survey conducted by staffing firm Robert Half Technology, CIOs shared what they consider to be deal breakers when evaluating candidates for open roles. Technology executives said the biggest resume red flags are frequent job hopping (21 percent); ...

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