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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.

ADP: Private Sector Employment Increased by 2,369,000 Jobs in June

Private sector employment increased by 2,369,000 jobs from May to June according to the June ADP National Employment Report.  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment ...

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DISH Enters Retail Wireless Market with Purchase of Boost Mobile

Completes $1.4 billion purchase of Boost MobileRevives Boost’s iconic “$hrink-It!” offer — the longer you stay, the less you payConnects new Boost customers to the new T-Mobile networkContinues vendor selection for build of nation’s first standalone 5G network DISH announced today that it has completed its $1.4 billion acquisition of Boost Mobile. With this purchase, DISH officially enters the retail wireless market, ...

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Survey: 8 in 10 Small Businesses Have Re-Opened in Some Capacity

A new survey of small to medium size business (SMB) owners conducted by the Electronic Transactions Association (ETA) and The Strawhecker Group (TSG) released today found that eight in ten small and medium businesses (SMBs) that were closed at some point during the COVID-19 pandemic have reopened in some capacity. The survey also found that the majority of SMBs (55 percent) are ...

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United Airlines Adds Nearly 25,000 Flights in August

Airline triples the schedule size compared to June 2020Scheduled to only fly 40% of August 2019 levelsExtends change fee waiver for new bookings through July 31 United Airlines today announced it is tripling the size of its August schedule compared to its June 2020 schedule, adding nearly 25,000 domestic and international flights compared to July 2020, and plans to fly 40% of its ...

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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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