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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.

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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Housing Demand Index Up 7% in May

Home for sale

Housing demand increased 7.4% in May according to the Redfin Housing Demand Index just released. The rise was driven by a 6.3 percent increase in the number of homebuyers requesting tours, and a 9.7 percent increase in the number making offers on homes from April to May. The Demand Index is based on thousands of Redfin customers requesting home tours and ...

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Kroger finalizes purchase of meal kit maker Home Chef

The Kroger Co. (NYSE: KR) and Home Chef, the country’s largest private meal kit company, today finalized a deal that will make Home Chef the newest addition to the Kroger family of companies. The deal will significantly accelerate the availability of meal kits and position the combined company to lead the way in revolutionizing how families shop for, prep, and cook ...

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Household Debt to Surpass 2008 Peak by $1 Trillion

A report released Thursday finds that American household debt is currently on pace to exceed the prior peak debt level from 2008 by the end of June, primarily due to non-mortgage consumer debt. LendingTree’s Consumer Debt Outlook for June 2018, an anlysis of the latest Federal Reserve data, found that mortgage-related household debt has actually fallen by 5.5 percent while total consumer credit – a ...

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Mortgage Payments Require Largest Share of Income Since 2009

Home mortgage

Monthly mortgage payments on the typical U.S. home required 17.1 percent of the median income in Q1 2018. From 1985 to 2000, mortgage payments took up an average of 21.1 percent of the median income. Mortgage payments are a bigger financial burden than they were historically (1985-2000) in nine of the 35 biggest U.S. metros. San Jose, Calif. has the ...

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Report: Jeep Cherokee takes top spot in American-Made Index

Jeep Cherokee

Today, Cars.com (NYSE: CARS) released its annual American-Made Index to help car shoppers determine the “most American” vehicles of 2018. Vehicles at the top of the list have the greatest impact on the U.S. economy. To arrive at this list, Cars.com looked at which cars are manufactured in America, have the most American parts, and support the most American factory jobs. In ...

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