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Author Archives: Carl Fox

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

More than 70 percent of Consumers Will Shop During Holiday Weekend; Cyber Monday to Grab Most Spending

Holiday shopping

More than 7 in 10 (71 percent) holiday shoppers plan to head to the stores and online over the Thanksgiving weekend (Thanksgiving Thursday – Cyber Monday), according to a new survey from Deloitte. Holiday shoppers say they’ll spend an average of $420 between Thanksgiving and Cyber Monday, and 88 percent expect to spend more or the same on the holiday season than ...

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Home Sales Drop for Third Month

Home for sale

The third consecutive month of lower year-over-year home sales in October contributed to the first year-over-year inventory increase in a decade according to the RE/MAX National Housing Report for October 2018. Meanwhile, the Median Sales Price recorded one of its lowest increases of 2018. The RE/MAX National Housing Report for October saw sales decline 4.6% from a year ago – compared ...

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Manufacturing Industry Faces Unprecedented Employment Shortfall

2.4 Million Skilled Jobs Projected to Go Unfilled Skills shortage could risk $454 billion in economic output by 2028 Lack of skilled workers could cost  17 percent of U.S. manufacturing’s GDP contribution As growth in the U.S. economy continues and manufacturers create more and more jobs in a thriving sector, the industry’s pre-existing workforce crisis could get even worse according to ...

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Fox Business Network Taps WSJ’s Gerry Baker for Weekly Primetime Series

FOX Business Network (FBN) will debut a new weekly primetime show hosted by The Wall Street Journal’s Editor-at-Large Gerry Baker on Friday, November 30th, announced Brian Jones, president of the network. The program, entitled WSJ AT LARGE WITH GERRY BAKER, will air Fridays at 9:30 PM/ET following Maria Bartiromo’s Wall Street (9 PM/ET) and feature interviews with major industry leaders ...

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Best New Car Deals for November

Car lot

U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled the list of November’s Best New Car Deals. This month’s list includes seven vehicles with excellent financing or cash back incentives. U.S. News also provides November’s best lease deals and best used car deals. “We’re seeing a lot of very attractive cash back deals this month,” says Jamie Page Deaton, ...

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2018 Veterans Day Deals and Discounts

Military.com is showcasing Veterans Day Discounts again this year with one of the most comprehensive lists available of over 100 restaurants, retailers, travel and recreation organizations seeking to show their appreciation for service members, veterans, retirees and their families.

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Lowe’s to Close more than 50 locations

Lowe’s Companies, Inc. (NYSE: LOW) today announced the wind-down of certain underperforming store locations as part of its ongoing strategic reassessment. To focus on its most profitable stores and improve the overall health of its store portfolio, the company will: Close 20 U.S. stores. Most associates at these stores will be extended opportunities to transition to a similar role at ...

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Manufacturing continues expansion in October, employment and exports increasing

New Orders, Production, and Employment Growing Supplier Deliveries Slowing at Faster Rate; Backlog Growing Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing at Faster Rate; Exports and Imports Growing     Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 114th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. “The October PMI registered ...

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Nearly Half of Consumers Have Abandoned a Prescription at the Pharmacy Because it Was Too Expensive

Almost 75 percent of consumers would change pharmacies to save money, yet the majority of physicians do not provide price information Nearly half of consumers have abandoned a medication prescribed by their physician because it was too expensive, according to a survey released today by DrFirst, the nation’s leading provider of e-prescribing and patient medication management solutions. At a time when the ...

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Housing Demand Posts Strong Gains in Q3

Home for sale

The Redfin Housing Demand Index increased 5.1 percent from August to 131 in September, after remaining essentially flat around 124 since May, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The month-over-month increase in demand was driven more by growth in early-stage home-buying activity than in the more serious stage of offer-writing. The number of people requesting home tours increased 11.2 ...

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What You Should Know Before Hiring Your First Lawyer

Whether they’re business or personal-related, there are many different reasons that you may need to hire a lawyer. While the process may seem overwhelming, it doesn’t have to be scary. Lawyers and attorneys are here to help you. Keep that in mind and gain confidence with these tips for what you should consider when hiring your first lawyer. Are they ...

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Navarro: Obama taking credit for economy is ‘fantasy land’

White House National Trade Council Director Peter Navarro says the only growth the Obama administration created was debt. Navarro appeared on Fox Business Network’s “The Evening Edit” Tuesday night and when host Elizabeth MacDonald asked him what he thought of Obama taking credit for the Trump economy he said, “It’s just a fantasy land.” “Obama didn’t understand the difference between a ...

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Small Business Optimism Reaches Post-Recession High Amid Continued Growth and Strong Economic Conditions

economy going up

Continued growth and a strong economy have small business optimism reaching post-recession highs, particularly among male business owners, according to Capital One’s (NYSE: COF) latest Small Business Growth Index, a biannual survey of 500 small business owners (SBOs) gauging sentiment related to the economy, business conditions and plans for growth. The survey found 67 percent of business owners overall think ...

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Flooded Cars Back On The Road Jumps 47% Over Past Year

Carfax is warning consumers that more flood-damaged cars have resurfaced across the country. New research from Carfax suggests that over 478,000 flooded vehicles are back in use, either on the road or up for sale. That figure is a 47% increase – more than 150,000 additional cars – from 2017 when hurricanes Harvey and Irma devastated the Gulf Coast and ...

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