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Author Archives: Carl Fox

Carl Fox is the senior money and finance writer for Conservative Daily News. Follow him in the "Money & The Economy" section at CDN and see his posts on the "Junior Economists" Facebook page.

Which Industries are Thriving During the Coronavirus Crisis?

While the economic impacts of the coronavirus are still developing, there are plenty of industries around the world who are already suffering major consequences. The airline industry, for example, is requesting a massive bailout with major US airlines such as American, Southwest, and United feeling the strain. Fortunately, there are other industries that are thriving during this crisis and are ...

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What to consider when starting your business website

Running a business in the digital era means one thing only – you must be online. Your business must be online so people can see it and buy whatever you are offering. Your product or service can be the best one in the world, but if you don’t build proper infrastructure and online presence, no one will be able to ...

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An interview with Luigi Wewege, SVP of Caye International Bank in Belize

In view of the fact that global wealth is growing and that more people besides just high net worth individuals are looking offshore for their banking needs, we managed to have an interview with Luigi Wewege. He is the SVP and Head of Private Banking at Caye International Bank in Belize. Offshore accounts are on the rise, as is the ...

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Small Business Wage Growth Gains Momentum, Job Growth Holds Steady in October

Small business hourly earnings growth hit 3.00 percent in October The tight labor market positively impacted wage growth in October, according to the latest Paychex | IHS Markit Small Business Employment Watch. Hourly earnings are on the rise, reaching 3.00 percent ($0.80) growth in October. Additionally, after hovering just above two percent to start the year, weekly earnings growth has quickly improved to 3.36 ...

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Lower Interest Rates Are Giving the U.S. Housing Market a Boost

Photo Credit: Pexels The Trump Effect strikes again. Donald Trump’s economic policies are giving the U.S. housing market a shot in the arm. In June, Conservative Daily News showed how the U.S. housing market outlook had hit its highest mark in three years. Nationwide senior vice president and chief economist David Berson predicted “another solid year.” His bullish forecast is ...

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Iowa Corn Farmers Association Hits Out At Trump

The Iowa Corn Growers Association said Tuesday that President Donald Trump has caused harm to its members. The Trump administration approved 31 refinery waivers on ethanol, which the group called “unjustified,” according to The Hill. The trade war with China has also affected the price of corn ahead of harvest season, and the weather is playing a part as well, ...

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Trump Effect: June Manufacturing Economic Activity Continues Expansion in June

Workers at New Balance

Economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 122nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The June PMI® registered 51.7 percent, a decrease of 0.4 percentage point from the May ...

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Forecast: New Vehicle Sales Slip in March to Close Out a Down First Quarter

Ford car lot auto dealership car sales

March marks the first month that the SAAR is expected to move above 17 million in 2019 Analysts say sales continue to slow down year over year Edmunds forecasts that 1,588,185 new cars and trucks will be sold in the U.S. in March for an estimated seasonally adjusted annual rate (SAAR) of 17.2 million. This reflects a 25.3 percent increase in sales ...

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Consumers could boost credit scores by adding telecommunications and utility bill payments to credit file

Experian Boost pilot revealed two-thirds of consumers saw an improvement to their FICO Score In a game-changing move that many expect will significantly improve financial inclusion for millions of Americans, Experian today launched Experian Boost, a first-of-its-kind financial tool. Experian Boost, which is available at no cost to all credit active adults in the United States, empowers consumers to add positive payment ...

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Used Vehicle Price Index Slips for Fifth Consecutive Month

The used vehicle market slowed once again in January, marking the fifth consecutive month of decline. As a result, the Seasonally Adjusted Used Vehicle Price Index declined by 2.7 points, relative to December, to 117.2.  Despite the index’s sharp decline, it currently sits 2.3% above January 2018’s level, according to analysts at J.D. Power Valuation Services. Highlights from the free monthly ...

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10 Steps to Achieve Financial Freedom This Year

Following the holiday spending ‘hangover,’ 2019 presents a clean slate for consumers to get their finances in order, says CFP Board Ambassador Lynn Ballou, CFP With more consumers failing to keep, and maintain, a budget and with spending easier than ever with mobile payments, it is important for consumers to keep track of their income and what’s being spent. The ...

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Millennial Home Buyers Most Likely to Put Less Than 20% Down

Home for sale

The largest generation of home buyers also gets the most money from friends or family to make it work and is most likely to tap multiple sources Putting 20 percent down is conventional wisdom, but fewer than half of buyers do it. First-time buyers are more likely to cash out investments or use retirement funds toward a down payment. Buyers ...

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Study Shows Trump’s Aluminum and Steel Tariffs Are Working

Donald Trump success

Today, in a presentation at the National Press Club of Washington, the American Primary Aluminum Association (APAA) in conjunction with Economic Policy Institute (EPI), the Alliance for American Manufacturing (AAM) and the Coalition for a Prosperous America (CPA), addressed the economic effects of President Trump’s steel and aluminum tariffs. As part of this presentation, EPI released a new economic study on the ...

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New Study Reveals Amazon’s Quiet Shift Toward ‘Pay-to-Play’ Platform

amazon logo

A new study has found that Amazon’s focus on sponsored placements is transforming the ecommerce platform into a ‘pay to play’ arena where brands must advertise to stand out in a competitive market. Quartile, which specializes in marketplace advertising on the Amazon platform, conducted its 5-day study over the 2018 Thanksgiving weekend, analyzing 1.04 million orders generated by 108 brands ...

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Average New-Car Prices Up 2 Percent Year-Over-Year

Ford car lot auto dealership car sales

A report out today shows the estimated average transaction price for new light vehicles in the United States was $36,978 in November 2018. New-vehicle prices increased by $769 (up 2.1 percent) from November 2017, while remaining flat (down 0.1 percent) from last month. “There were mixed average transaction price results among automakers in November 2018, even though the industry average did rise 2 percent,” said Tim Fleming, analyst for Kelley Blue Book. ...

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