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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.

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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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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The Cost of ’12 Days of Christmas’ Rises in 2018

Geese soar Gold lays an egg Costs jump 1.2% The PNC Christmas Price Index predicts True Loves will need to have more money on hand to fill the stockings on the mantle this holiday shopping season. To purchase the gifts included in the classic holiday song “The 12 Days of Christmas,” it will cost 1.2 percent more than it did ...

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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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