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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.

Consumers and the Federal Government continue spending on credit

Credit cards

Consumers and the Federal Government continue to increase debt due to spending according to a new report out Wednesday. Revolving debt, almost all of which is consumer credit card debt, increased by more than $16 billion in May, according to Lending Tree’s Consumer Debt Outlook for July 2018. That’s the largest-ever increase in revolving credit for that calendar month and the largest percentage increase ...

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Consumers continue to spend more on liquor

The distilled spirits industry saw its 20th consecutive year of volume growth, rising 2.1% in 2017 to 227.7 million nine-liter cases. According to the Beverage Information Group’s 2018 Liquor Handbook, consumers are spending more and drinking more—an increase of 6.7 million cases over the previous year. The ongoing interest in high-end and super-premium products across the spirits segments, combined with continued confidence in the ...

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Commercial aerospace spending declines, while defense speeds ahead

F-35B taking off from Assault Craft

Global defense subsector grew by 3.9 percent to $361.5 billion in 2017 with military spending continuing to rise across the globe U.S. A&D industry revenue growth reverses two-year trend — U.S. marginally outperformed European counterparts with a 3.4 percent year-on-year growth Global aerospace and defense (A&D) sector revenues grew by 2.7 percent to reach US$685.6 billion in 2017, according to the 2018 Global ...

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4 Junk Yard Scams to Avoid

Can we be honest for a moment? If someone asked you to name a consistently honest, trustworthy, reliable business, “junkyard” probably wouldn’t be the first thing to come out of your mouth. Indeed, trying to sell your junk car to a local junkyard can be incredibly stressful and problematic. There are a handful of common scams that junkyards will try ...

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Increase of Personal Loans is Four Times Faster Than Wages

economy going up

The years of 2016 and 2017 meant loans worth £37bn for UK households, as shown by the UK Finance’s published data. This also means a growth of four times faster than the wages – which means that loans now stand at an outstanding value. While the Financial Conduct Authority (FCA) has stated that most of the loans involved people that ...

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Record High Surge of Personal Loans

Personal loans are United States’ fastest-growing consumer-lending category, as they have reached a new record this year. Data from TransUnion credit bureau shows a significant rise of about 18%, this only during the first four months of the year, reaching the sum of $120 billion. The data also shows that Fintech companies represent 36% of total personal loans, in the ...

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Where to Make the Most Cash in the Gig Economy

As FitSmallBusiness.com, the digital business publication, established in a recent study, it’s all about the gig economy now.  Freelancers contribute nearly $1.4 trillion every year to the national economy, and it’s projected that nearly 43 percent of the U.S. workforce will be represented by gig economy jobs in the year 2020 – proving that “gig” is not only here to stay, it will continue ...

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$523 – the new standard monthly payment for car buyers

Ford car lot auto dealership car sales

According to Experian, a consumer credit reporting agency, the first part of 2018 is marked by a record sum for the average monthly loan payment for a new vehicle. This increase, that has reached the sum of $523, is a result of the rise in interest rates. Besides the new standard for the average monthly loan payment for a new ...

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The Trump economy continues to bring more people into the labor force

economy going up

The two main messages from today’s jobs report are that both employment and the labor force are still continuing to grow rapidly even though a low unemployment rate means fewer workers are on the sidelines than before. The US labor market added 213,000 jobs in June and the figures for May and April were both revised up. It is now ...

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Private Sector Employment Increased by 177,000 Jobs in June

Private sector employment increased by 177,000 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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Trump Effect: Economic activity continues meteoric rise

Donald Trump success

Business Activity Index at 63.9% New Orders Index at 63.2% Employment Index at 53.6% Economic activity in the non-manufacturing sector grew in June for the 101st consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey ...

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Auto Loan Interest Rates Hit Nine-Year High in June

Ford car lot auto dealership car sales

Rates rise 17 percent since January as automakers curtail zero percent financing offers  Auto loan interest rates are expected to climb to their highest level since 2009 for the second month in a row in June, according to the car shopping experts at Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 5.82 percent in June, compared to ...

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Keurig – Dr. Pepper merger gets go ahead from shareholders

Dr Pepper Snapple Group, Inc. (NYSE: DPS) today announced that its shareholders have approved two proposals to allow for the issuance of DPS common stock pursuant to the previously announced Agreement and Plan of Merger, dated as of January 29, 2018 (the “Merger Agreement”), by and among DPS, Salt Merger Sub Inc. and Maple Parent Holdings Corp., the parent company of Keurig ...

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Rent Prices for Two and Three-Bedroom Homes Rising Fast

Monthly rent for two and three-bedroom homes are appreciating 2.8 percent annually, which is faster than one-bedroom homes and the nation as a whole Rent growth among two and three-bedroom homes are appreciating faster than one-bedroom units and the nation as a whole Rent prices rose 2.8 percent over the past year among both two-bedroom and three-bedroom homes. Median rent ...

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Top Jobs paying $20+ an hour that don’t require college

In the market for a job where you can make a good living without a college degree? CareerBuilder published a new hot list that might just be for you. This list is for you if you are looking for a job that: pays ~$20 or more per hour has grown over the last five years is projected to grow over the next ...

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