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Money & The Economy

News on Finance, Money, markets and the economy

Flooded Cars Back On The Road Jumps 47% Over Past Year

Carfax is warning consumers that more flood-damaged cars have resurfaced across the country. New research from Carfax suggests that over 478,000 flooded vehicles are back in use, either on the road or up for sale. That figure is a 47% increase – more than 150,000 additional cars – from 2017 when hurricanes Harvey and Irma devastated the Gulf Coast and ...

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Existing-Home Sales Decline Across the Country thanks to Fed’s rate-raising

Existing-home sales declined in September after a month of stagnation in August, according to the National Association of Realtors. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent from August to a seasonally adjusted rate of 5.15 million in September. ...

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Nearly a Third of Americans Have Absolutely Nothing Saved

A new report from personal finance website GOBankingRates revealed that 32 percent of Americans – nearly a third of respondents – have no money in their savings accounts. GOBankingRates conducts this survey each year to better understand Americans’ personal financial standing. Since 2015, the results have shown that the majority of Americans have less than $1,000 in savings — and that trend ...

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Rents Decline Annually for the First Time in Six Years

The median rent is $1,440, 0.2 percent lower than it was in September 2017 The median U.S. home is worth $220,100, up 7.6 percent from a year ago There were 1.9 percent fewer homes for sale than there were last September Rents declined nationwide on an annual basis for the first time in more than six years. The median U.S. ...

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The 25 Best Cities For Jobs In 2018

Houston Texas City Skyline

With more than a quarter (28.5 percent) of U.S. job applications in metro areas that would likely require people to move, American workers are showing they are willing to move for the right opportunity. But which cities should people consider this year? Today, Glassdoor, one of the world’s largest job and recruiting sites, announced results of its newest jobs report identifying ...

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Trump’s Steel Plan is Good for America

Donald Trump success

Scratching the surface, it may look bad economically. Digging deeper and his steel plan plans for a better future for America. The United States used to be the king of steel. In 1945, the United States produced 72% of the world’s steel. Since then, the US’s impact on global steel production has shrunk tremendously as manufacturers have found it cheaper ...

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Is Cryptocurrency Good for the World?

Recently rising in popularity, cryptocurrency may be one of the most intriguing “assets” in the world. Unlike many other investments, these assets have no real underlying value and are vastly different from traditional currencies, such as the euro and US dollar, which are backed by powerful central banks. These relatively new instruments have opened up an unknown set of options ...

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CVS acquisition of Aetna gets DOJ Blessing

CVS Health (NYSE: CVS) today announced that it has entered into an agreement with the U.S. Department of Justice (DOJ) that allows it to proceed with its proposed acquisition of Aetna (NYSE: AET). DOJ clearance is a key milestone toward finalizing the transaction, which is also subject to state regulatory approvals, many of which have been granted. CVS Health’s acquisition ...

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Amazon Shifts Focus from Private Labels to Exclusive Brands

amazon logo

Private brand expansion has been a major priority for Amazon with several new labels being introduced every year. According to a new report by eCommerce analytics provider One Click Retail, Amazon is now slowing their private brand expansion in favor of introducing a number of Amazon-exclusive brands. Unlike Amazon-owned private labels, these brands are owned by manufacturers like Perrigo and First Quality ...

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