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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.

Sonic to be Acquired By Arby’s parent company in $2.3 billion transaction

Sonic Corp. (NASDAQ: SONC) and Arby’s parent, Inspire Brands, Inc. today announced that they have entered into a definitive merger agreement under which Inspire will acquire Sonic for $43.50 per share in cash in a transaction valued at approximately $2.3 billion. “Sonic is a highly differentiated brand and is an ideal fit for the Inspire family,” said Paul Brown, Chief ...

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Trump Effect: Consumer Confidence Continues Rise in September

economy going up

Consumer confidence increased in September, following a large improvement in August. The Index now stands at 138.4 (1985=100), up from 134.7 in August. The Present Situation Index improved marginally from 172.8 to 173.1, while the Expectations Index surged from 109.3 last month to 115.3 this month. “After a considerable improvement in August, Consumer Confidence increased further in September and hovers ...

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Grubhub to acquire Tapingo

Grubhub (NYSE: GRUB), the nation’s leading online and mobile food-ordering and delivery marketplace, today announced it has entered into an agreement to acquire Tapingo, a leading platform for campus food ordering. With over 150 college campus partners, Tapingo enables tens of thousands of order-ahead transactions per day for more than half a million active diners at on-campus cafes, restaurants, and cashier-less stores. ...

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Nearly half of Americans think the middle class is shrinking and one third believe it will disappear entirely

Americans are twice as likely to say the middle class is shrinking (45%) versus expanding (21%), according to new data from Northwestern Mutual’s 2018 Planning & Progress Study. Additionally, one in three (32%) Americans can see a time when the middle class completely disappears while a quarter more (24%) are uncertain of its future. While the majority of Americans still ...

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SiriusXM to Acquire Pandora, Creating World’s Largest Audio Entertainment Company

Sirius Logo

SiriusXM to Acquire Pandora in All-Stock Transaction Valuing Pandora at $3.5 Billion Both SiriusXM and Pandora Brands, Products, and Services to Continue Complementary Transaction Adds Largest U.S. Audio Streaming Platform to SiriusXM’s Strong in-Car Presence Pandora to Benefit from SiriusXM’s Scale, Industry Expertise, and Financial Resources SiriusXM to Benefit from Pandora’s Mobile Strength, Digital Presence, and Ad Capabilities Sirius XM ...

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Survey: Nearly One-Quarter Of Workers Have Left A Job Due To A Bad Commute

Chicago, Miami, New York, and San Francisco have the most professionals who have quit because of a bad commute 39 percent of employees feel traveling to and from the office has gotten better in the past 5 years; 22 percent said it’s worsened Seattle, Denver, Austin, and San Francisco have the most professionals whose trip to work has gotten worse ...

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Alaska, Connecticut Hold Highest Average Credit Card Balances; Iowa and Wisconsin Lowest

An Austin, Texas company released a study Wednesday that reveals which U.S. states hold the most credit card balances relative to the average incomes residents in those states earn. The Upgraded Points study underscores that an average 41.2 percent of Americans do not pay off their balances in full each month. Upgraded Points used the data compiled from each state ...

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Cracker Barrel Reports Increased Retail Sales Despite Restaurant Revenue Decline

Cracker Barrel store front

Board declares quarterly dividend of $1.25 per share Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) today reported its financial results for the fourth quarter and for the full fiscal year ended August 3, 2018. Fourth Quarter Fiscal 2018 Highlights Compared to the prior year fourth quarter, comparable restaurant sales declined 0.4% and comparable store retail sales increased 1.3% On a GAAP ...

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Staples To Acquire Essendant For $12.80 Per Share In Cash

Staples, Inc. and Essendant Inc. (NASDAQ: ESND) today announced that they have entered into a definitive agreement under which an affiliate of Staples, the world’s largest office solutions provider, will acquire all of the outstanding shares of Essendant common stock for $12.80 per share in cash, or a transaction value of $996 million including net debt. The transaction follows the determination by Essendant’s Board ...

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Hours of Video Viewed on a Mobile Phone Increased by 55% from 2015 to 2017

Parks Associates today released a new whitepaper ahead of IBC, “Video’s Critical Path: Success at Web Speed,” that reports by the end of 2017, U.S. broadband households were spending nearly three hours per week watching video on a mobile phone, an increase of nearly 55% from 2015. This shift comes as households are watching less live broadcast video on their televisions, which ...

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Home Prices Rise Three Times Faster than Rents

Only 41 percent of the U.S. population lives in a county where a median-income household can afford to buy a median list price home As home prices rise across the U.S., choosing to rent has become increasingly popular. New analysis by realtor.com® reveals the monthly costs of buying a home have risen by 14 percent over the past year. This ...

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43 Percent of Americans Changed How They Pay for Gasoline Because of ‘Skimming’ Concerns

gasoline-shortages-in-north-carolina

A survey released showed how Americans are reacting to the growing threat of gas skimming, where criminals implant devices on or in gas station fuel pumps with the intent of stealing the credit card information of unwitting customers. Gas skimming is a growing threat to consumers at the gas pump — so much so that it has made an impact ...

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Leading Economic Index for U.S. Indicates Continued Strengthening

economy going up

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.6 percent in July to 110.7, following a 0.5 percent increase in June, and a 0.1 percent increase in May. “The U.S. LEI increased in July, suggesting the US economy will continue expanding at a solid pace for the remainder of this year,” said Ataman Ozyildirim, Director of Business Cycles and Growth ...

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Credit Card Rewards Battle Continues as Customers Seek Better Programs

As credit card customers drive up credit card debt to an all-time high, more of them are switching cards for a better rewards program, according to the J.D. Power 2018 Credit Card Satisfaction Study, released today. The study finds that 47% of credit card customers who switched to a new card within the past 12 months did so for a better ...

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2018’s 25 Highest Paying Jobs In America

A new report out Wednesday reveals the 25 Highest Paying Jobs in America for 2018 with some surprising results and others, like Doctors and Lawyers, at the top as expected. Nearly seven in ten (67 percent) job seekers and workers say that salary is a key piece of information they hone in on when researching jobs, according to a recent survey. A new ...

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