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Is your Sears or Kmart closing? Check the list

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Sears Holdings released a list on Thursday of the 63 stores that it plans to close by September.

The list from Sears Holdings (SHLD) includes 48 Sears stores and 15 Kmart stores, spread across 29 states. They were selected from a list of 100 non-profitable stores Sears said it had identified for closure “in the near future.”

The move is the latest sign of the retailer’s struggle to stay afloat. It has closed nearly 400 stores in the past 12 months as sales plunge and losses mount.

Workers at the stores will receive severance and can apply for open positions at other Sears stores, the company said.

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Why struggling Sears is selling off its brands

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Click link below for article:

http://money.cnn.com/2018/05/31/news/companies/sears-stores-closing/index.html

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These 7 Money Mistakes in Your 20s Can Haunt You the Rest of Your Life

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Your 20s seem like the perfect age between childhood and adulthood. You’re out of school, finally, so you’ll have more freedom than ever before, and you won’t be pinned down with responsibilities from late-career advancements, serious relationships, or children. On top of that, since the life expectancy in the United States is now nearly 80, it feels like you have plenty of time to make up for any mistakes you make now.

That may be true, to some extent, but you’re also vulnerable in your 20s. Some of the financial mistakes you make in your 20s could end up haunting you the rest of your life.

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7 Money Mistakes

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Click link below for article:

https://www.inc.com/larry-alton/these-7-money-mistakes-in-your-20s-can-haunt-you-rest-of-your-life.html

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The Big Picture: How We Got Into This Mess, And How We Get Out of It I Robert Reich

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Robert Reich looks the rise of Big Money in politics, the decline of our democracy, and Trump’s election.

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Click link below for video:

https://www.youtube.com

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Ford dropping all but 2 cars from its North American dealerships

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Ford said on Wednesday the only passenger car models it plans to keep on the market in North America will be the Mustang and the upcoming Ford Focus Active, a crossover-like hatchback that’s slated to debut in 2019.

 That means the Fiesta, Taurus, Fusion and the regular Focus will disappear in the United States and Canada.

Ford will, however, continue to offer its full gamut of trucks, SUVs and crossovers.

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ford fusion recallCar buyers these days love SUVs. They don’t, however, love actual cars like hatchbacks and sedans –as Ford has learned.

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Click link below for article:

http://money.cnn.com/2018/04/25/autos/ford-cars-north-america/index.html

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U.S. Economy Grew at 2.6% Rate in Fourth Quarter

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The American economy finished off last year on a firm footing, and is poised for more vigorous growth in the months to come.

Preliminary estimates released by the government on Friday showed that the nation’s output increased at an annual rate of 2.6 percent in the final quarter of 2017. Although that performance amounts to less than the heady 4 percent annual growth that President Trump has promised, it is further evidence — along with a sinking jobless rate and surging consumer confidence — of the economy’s resilience.

“The year-end is solid,” said Joel Prakken, chief United States economist at Macroeconomic Advisers by IHS Markit. Details within the report, about climbing business investment and depleted inventories, suggest more economic strength than the bare-bones headline number might indicate. “It portends well for 2018 demand,” he said.

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Click link below for article:

https://www.nytimes.com

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Inside One of NYC’s Most Expensive Apartments

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Manhattan real estate is some of the priciest in the world.

As a comparison, consider this: across the United States, the median rent is $959 per month. In Manhattan, however, the average is more than triple that number at $3,109 per month.

So, what makes New York so special, and why Manhattan in particular? Well, for starters, it’s small, very small. In fact, it only covers 23.7 square miles and is the most densely populated area in NYC. It also has limited parking, which is nearly as rare as unicorns in New York, so people are willing to pay a pretty penny for that convenience. Plus, just about everything is expensive here, including construction costs and property taxes. Landlords and sellers charge a lot for Manhattan real estate to offset these expenses – and because they can.

Many celebrities call Manhattan home.  As you can imagine, certain neighborhoods (and even blocks or buildings) attract more A-listers than others.  If you want to live next door, you’ll have to pay up.  Considering it?

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One57

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Click link below for article and 17 slides:

https://www.workandmoney.com/s/nyc-most-expensive-apartment-45f883313507473a?utm_medium=cpc&utm_source=twi&utm_campaign=nycexpensiveapartment-t153ddd14df64f77

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House Republicans Pass Tax Bill

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After months of internal squabbling and doubts, House Republicans passed their tax proposal on Thursday, a major step forward for a House GOP that has thus far been unable to deliver on any major piece of President Donald Trump’s agenda.

The House passed the bill 227-205, with 13 Republicans joining every Democrat in opposing the measure, which would lower individual tax brackets, dramatically cut the corporate tax rate from 35 percent to 20 percent, and nearly double the standard deduction while eliminating a slew of smaller write-offs.

But even as Republicans celebrated the passage of their tax plan, the public perception of the bill is less than stellar. According to the most recent polling, most Americans believe they won’t see a tax cut from the GOP tax plan. In fact, only about 25 percent of Republicans believe they will pay less as a result of the measure, while 47 percent of Americans believe Trump will pay less.

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Saul Loeb/AFP/Getty Images
Speaker Paul Ryan (R-Wis.) led Republicans in passing their tax plan Thursday.

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Click link below for article and gallery:

https://www.huffingtonpost.com/entry/house-passes-tax-reform_us_5a0dd657e4b0c0b2f2f8afe9

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