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Category: economy

Apple’s big jobs announcement may save the GOP in 2018

Apple news proves tax reform is a winner but Republicans still have work to do to avoid midterm election losses, says Jake Novak. Apple’s blockbuster announcements should erase any doubts that tax reform is a major positive for the economy. But Republicans must follow President Donald Trump’s lead and vigorously publicize this news and take credit for it. Democrats need to find a way to stop denying the economic boom or risk blowing what’s left of their 2018 midterm election advantage. Source: Apple’s big jobs announcement may save the GOP Read More

Dow briefly tops 26,000 mark

The Dow eased slightly after hitting the 26,000 mark for the first time on Tuesday, as earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup. Source: Dow briefly tops 26,000 mark

Sam’s Club abruptly closes locations across the country | WPXI

Sam’s Club locations across the country are abruptly closing for good without warning to staff and customers. Source: Sam’s Club abruptly closes locations across the country | WPXI

Fiat Chrysler to Spend $1 Billion to Modernize Michigan Plant

The factory will employ 2,500 new workers, the automaker said, adding that it would also award bonuses to each of its 60,000 workers in the United States. Source: Fiat Chrysler to Spend $1 Billion to Modernize Michigan Plant

Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage

Walmart announced it will be increasing its starting wage rate for hourly employees in the U.S. to $11 from $9. Source: Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage

Alabama to be Site of Toyota and Mazda Plant | Fortune

It will employ up to 4,000 people and produce about 300,000 vehicles a year. Source: Alabama to be Site of Toyota and Mazda Plant | Fortune

Target Posts Strong Holiday Sales Gains

Target said holiday sales were strong both in its stores and online, as the retailer was boosted by healthy U.S. consumer spending as well as its own turnaround efforts. Source: Target Posts Strong Holiday Sales Gains

Food stamp recipients down 2M under Trump, USDA figures show | Fox News

Since Donald Trump became president, the Dow Jones industrial average has climbed to 25,000 and fewer Americans are unemployed. Source: Food stamp recipients down 2M under Trump, USDA figures show | Fox News

More Western Pennsylvanians asking for help with heating bills | TribLIVE

With temperatures dropping into the single digits across Pennsylvania, utility companies, charities and government agencies are expecting the requests for assistance to increase in coming months. Source: More Western Pennsylvanians asking for help with heating bills | TribLIVE

Western Pennsylvania coal mine to close, costing nearly 400 jobs | News | witf.org

(Mt. Morris) — A mining company is closing its western Pennsylvania coal mine over the next few months and shedding nearly 400 jobs. Dana Mining has notified the state of its decision to close 4 West Mine. Source: Western Pennsylvania coal mine to close, costing nearly 400 jobs | News | witf.org

Westinghouse being sold for $4.6 billion; impact on Western Pennsylvania unclear | TribLIVE

Westinghouse, with its headquarters in Cranberry and facilities scattered throughout Western Pennsylvania, declared bankruptcy in March, leaving thousands of jobs and the state of nuclear power in the United States in limbo. Source: Westinghouse being sold for $4.6 billion; impact on Western Pennsylvania unclear | TribLIVE

Giant Eagle store in Monroeville is closing after more than 40 years

A Giant Eagle grocery store in Monroeville that has been open since 1976 is being shut down. As the company prepares for the expiration of the lease agreement for the supermarket at 4680 Old William Penn Highway in Monroeville this upcoming spring, Giant Eagle has made the decision to close the store at the end of business on Saturday, February 3, 2018. Source: Giant Eagle store in Monroeville is closing after more than 40 years

3 More Sears, Kmart Stores Closing In Pittsburgh Area « CBS Pittsburgh

PITTSBURGH (KDKA) — Sears Holdings has announced plans to close more than 100 more Kmart and Sears stores around the country, including three locations in Western Pennsylvania. According to the company, the Sears at Ross Park Mall and the Kmartlocations in Bridgeville and Hermitage will close later this year. Source: 3 More Sears, Kmart Stores Closing In Pittsburgh Area « CBS Pittsburgh

County jobless rate rises

Indiana County’s seasonally adjusted unemployment rate increased one-tenth of a percent in November to 5.6 percent, according to the Pennsylvania Department of Labor and Industry. Source: County jobless rate rises

Minimum Wage Raises Coming To 18 States On New Year’s Day

ore and more states have opted to implement their own, higher rates that local employers must observe. Source: https://www.huffingtonpost.com/entry/minimum-wage-raises-coming-to-18-states-on-new-years_us_5a440992e4b06d1621b6c0e1

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