ECONOMIC AND FINANCE REPORT

1) JC Penny’s stocks sank 7% after a post market close announcement Thursday. Stock has dropped more than 50 percent over the past 12 months, as another traditional retailer continues…

1) California’s gas tax revolt is gathering momentum with the citizens of California voting on a proposition to revoke the recently passes gas tax legislation. These taxes also include the…

New posted article below titled “SIRIUS XM TO BUY PANDORA” 1) The CEO Musk of Tesla is threatened by a law suit from the SEC over Musk’s public statement that…

New posted article below titled “SIRIUS XM TO BUY PANDORA” 1) Feds announced today the raising of the interest rate to 2-1/4%, the third raise this year. Global markets have…

New posted article below titled “SIRIUS XM TO BUY PANDORA” 1) Today, consumers are in better shape with their debt. Current policy suggests further near-term improvement, but at a price.…

By: Economic & Finance Report Sirius XM will be making a big acquisition in purchasing Pandora for a reported $3.5 billion dollars. The deal seems to make sense since the…

1) Like the Asian markets, European markets are also down because of the US-China trade war. China declares the United States trade policies as ‘trade bullyism’. 2) Oil prices are…

1) Moody’s estimates the losses from hurricane Florence and subsequent flooding between $38 to $50 billion dollars. North Carolina’s agriculture industry has suffered major loses in both crops and livestock.…

1) Britain has again declared they will exit the EU (European Union) even if negotiations are not completed at the end of March. The EU council president is calling for…

1) The Bank of Japan is holding steady amid economic uncertainty, signaling confidence in Japan’s future economy. 2) China announced it will not devalue its currency to boost its exports.…