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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.

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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Luxury Home Prices Rose at Lowest Growth Rate in Nearly Two Years

Luxury home prices rose 3.2 percent year over year to an average of $1.7 million in the third quarter of 2018, according to Redfin, the next-generation real estate brokerage. This is the lowest growth rate since the fourth quarter of 2016, when prices were up 1.1 percent from a year earlier. The Redfin analysis tracks home sales in more than 1,000 cities ...

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As Taxpayers Start Feeling Impact of New Tax Law, Here’s Who Could Win Big

A list of taxpayers who stand to benefit the most from the Tax Cuts & Jobs Act as they begin to prepare for tax season was released Tuesday. Among the taxpayers who are set to win big this tax season are itemizers with low state and local taxes, self-employed taxpayers who will benefit from the new 20% deduction, and parents ...

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Nearly Three-Quarters of Americans Concerned About Identity Theft During Holiday Shopping Season

Hacking - User -Colin Wikimedia Commons CC-BY-SA-4.0

The vast majority of Americans (71%) are concerned that their financial and personal information could be compromised due to data breaches while shopping during this holiday season, according to an consumer survey conducted by Generali Global Assistance (“GGA” or “the Company”), a developer of a proprietary and innovative identity and digital protection platform, and leader in the assistance industry as part of the multinational Generali ...

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Small Business Economic Outlook Remains High After 2 years under Trump Economic Policy

The Q4 MetLife & U.S. Chamber of Commerce Small Business Index (Index) released today recorded an overall score of 69.3, indicating a pause in the upward trend of the Index. The fourth quarter score is down less than one-half a point from the third quarter’s record high of 69.7, still reflecting general optimism from the small business community. Optimism on the health ...

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Report: Ford Best Brand for Trucks, Honda, Mazda and Porsche round-out Best Brand List

U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled the Best Vehicle Brand awards. The awards recognize brand-wide excellence for cars, SUVs, trucks and luxury vehicles, and they help consumers narrow their search for a new car. The 2019 Best Vehicle Brand Winners Mazda: Best Car Brand Mazda cars include the MX-5 Miata, Mazda3 and ...

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Beer consumption continues decline dragging down on-premise Alcohol sales

On-premise consumption of beverage alcohol fell 1.1% overall in 2017, to 1.7 million cases, according to the Beverage Information Group’s 2018 Cheers On-Premise Handbook. Much of that is due to the 1.6% decrease in cases of beer sold on-premise, while wine was up just 0.5%. Spirits continues to be the bright spot, up 2.5% in 2017, although that’s down from the ...

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More Than One-Third Of Workers Would Pass On Perfect Job If Corporate Culture Was Not A Fit

Creating a positive corporate culture is top of mind for employers looking to recruit and retain talent, according to a new study from global staffing firm Robert Half. The research examines why workplace culture is increasingly under the microscope; it’s featured in a report, Organizational Culture: The Make-or-Break Factor in Hiring and Retention. Key findings: More than one-third of workers in ...

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Most People Receive One or More Robocalls Per Day

Robocalls are inexpensive and easy to place, making them popular among scammers. Too often, recipients of robocalls compromise their security by revealing private information, according to new data. Did you receive a robocall today? More than half of people (52%) receive at least one robocall per day, according to a new survey from Clutch, the leading B2B research, ratings, and reviews ...

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Take a Peek Inside Santa’s $765,000 Custom North Pole Home

Santa Claus’ home and state-of-the-art toy workshop at the North Pole is currently worth an estimated $764,389 after gaining 7.6 percent in value over the past year, according to Zillow. Santa and Mrs. Claus claimed their home on Zillow in 2016, updating the home facts on the 3-bedroom, 2-bathroom log cabin. They also added new photos, giving the world a glimpse into Santa’s life ...

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Used Vehicle Price Index Slows for Second Consecutive Month

Car lot

In the November 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that after decelerating in September, the used vehicle market slowed for the second consecutive month in October. As a result, the Seasonally Adjusted Used Vehicle Price Index decreased by 1 point, relative to September, to 120.6. Highlights from the free monthly report point out: Wholesale ...

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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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