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Money & The Economy

News on Finance, Money, markets and the economy

Mortgage Rates Mostly Steady Amid Summer Doldrum

Home for sale

NEW YORK, Aug. 9, 2017 /PRNewswire/ — Mortgage rates were little changed this week, with the benchmark 30-year fixed mortgage rate holding at 4.04 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.25 discount and origination points. The larger jumbo 30-year fixed dipped to 4.03 percent, and the average 15-year fixed mortgage rate inched ...

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Manufacturing Report: Economy Continues to Strengthen

America’s economy continues to strengthen under President Donald Trump‘s agenda according to a report on manufacturing by the Institute for Supply Management released Monday. The broadest measure of sentiment in the manufacturing sector, the Product Managers Index, rose 2.9% to 57.8% in June demonstrating a manufacturing sector that is seeing growth and expecting more in coming months. Factories picked up ...

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Trump praised for beef trade deal with China

Donald Trump success

A Montana newspaper published an article praising the Trump administration for having negotiated a deal that will result in about $2.5 billion in beef sales to China. The Great Falls Tribune reported that starting in July “for the first time in about 14 years, U.S. cattle producers will have access to that market.” China, along with many other countries, halted U.S. ...

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Amazon buying Whole Foods for $13.7 billion

Amazon.com buying Whole Foods Market

Amazon.com said Friday that it will acquire Whole Foods Market in a deal valued at $13.7 billion. Current CEO John Mackey will stay at the grocery store chain and continue to operate it under the Whole Foods brand. “This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and ...

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Federal Reserve Bullish While World Awaits Its Next Move

Federal Reserve D.C.

BOCA RATON, Fla., June 9, 2017 /PRNewswire-USNewswire/ Despite holding interest rates unchanged in their May meeting, the Federal Open Market Committee (FOMC) seems bullish and unfazed with the reports of weakness in the growth in economic activity. The FOMC issued a strong statement signaling it believes the slowdown in growth is transitory and pointed to solid job gains in the ...

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Sometimes Saving Money Is Rocket Science

It’s ironic Elon Musk, one of America’s premier subsidy farmers, is also a perfect example of the difference between the private sector approach to cost and the government’s. Musk differs from earlier entrepreneurs like Thomas Edison and Henry Ford who became wealthy by building a better mousetrap. Musk became wealthy by harvesting government subsidies. The LA Times ran the numbers ...

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Financial Freedom & Unlimited Travel with a Second Passport

Are you restricted in your personal or capital movements? Then it’s time for you to consider a CBI program to give you and your money the freedom you need. Your ability to move effortlessly through the physical and financial world is directly linked to your nationality. If you are a citizen of a third world country, then you are limited ...

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What would mother think?


Baby boomers, whose parents looked askance at ‘moving in together,’ are doing just that in their old age, according to the Association of Mature American Citizens. The Pew Research Center reports that more seniors than ever before are cohabitating.  In fact, Pew says that the number of unmarried seniors who are living together increased by a whopping 75% between 2007 ...

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Apple, plagued by bad news, jumps on the Trump train

Tim Cook apple ceo

Apple is pledging to dump one billion dollars to create an “advanced manufacturing fund” just after being threatened with import restrictions and reporting disappointing iPhone 7 sales. Apple CEO Tim Cook announced earlier this week that the company will put $1 billion into a fund to create U.S. manufacturing jobs later this month. “I’m proud to tell you that we’re ...

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Job Growth Accelerates in April

Workers at New Balance

Job growth accelerated in April, reversing Marches downward move, according to a report from the Department of Labor released Friday. 211,000 new jobs helped the unemployment rate fall to a 10-year low of 4.4%. Jobs Numbers Nonfarm payrolls increased by 211,000 Seasonally adjusted U3 unemployment rate: 4.4% (-.1%) Broader U6 unemployment: 8.6% (-.3%) Number of unemployed persons (27+ weeks): 7.1 ...

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Mexico and Canada agree to renegotiate NAFTA after Trump threatens to pull out

Donald Trump success

President Donald Trump announced Thursday that both Mexico and Canada have agreed to renegotiate the North American Free Trade Agreement (NAFTA) just a day after the United States had threatened to pull out. On Wednesday, a CNN report announced that Trump was considering an executive order to end U.S. participation in NAFTA. The White House is currently mulling an executive ...

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U.S. slaps new tariff on Canadian lumber imports

lumber mill

The U.S. Department of Commerce imposed tariffs on Canadian softwood imports after trade talks on U.S. milk exports fell through. Commerce Secretary Wilbur Ross said the taxes announced Monday evening were being imposed after trade negotiations between the two countries failed to produce a positive outcome for the United States. “It has been a bad week for U.S.-Canada trade relations,” ...

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