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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.

Strong Demand Pushes Up New York City Rents Ahead of Peak Rental Season

Ahead of peak rental season, apartment shoppers can expect to see slightly higher rent prices than last year, particularly in areas with lower-priced homes, according to StreetEasy’s April 2018 Market Reportsi. However, those searching for rentals at higher price points and in areas of the city with large quantities of new development are likely to have greater negotiating power. In Manhattan, rents increased in ...

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Hormel Foods Announces Record Second Quarter Results And Reaffirms Full Year Guidance

Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the second quarter of fiscal 2018. All comparisons are to the second quarter of fiscal 2017 unless otherwise noted. EXECUTIVE SUMMARY Record diluted earnings per share of $0.44, up 13% from 2017 EPS of $0.39 Fiscal 2018 earnings guidance reaffirmed at $1.81 to $1.95 per share Record net sales of $2.3 billion, ...

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Auto Sales Expected to Lift in May

Ford car lot auto dealership car sales

Edmunds forecasts that 1,565,683 new cars and trucks will be sold in the U.S. in May for an estimated seasonally adjusted annual rate (SAAR) of 16.7 million. This reflects a 16 percent increase in sales from April 2018 and a 3.5 percent increase from May 2017. A booming economy due to the Trump administration’s “America First” economic policies has auto consumers buying despite an increase ...

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Trump Effect: Summer Hiring Strongest in a Decade; Employers Turning to Benefits and Wages to Compete for Workers

A new survey revealed that the overwhelming majority (95 percent) of employers are adding more shifts this summer and more than half (58 percent) plan to hire more summer workers than last year. This parallels the continued and steady climb of U.S. jobs due to the booming economy under the Trump administration’s “America First” policies. Most employers (82 percent), according to ...

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Retail credit card delinquency highest since 2011

debt

Delinquency rates on private label retail credit cards rose 57 basis points to 4.65 percent over March 2017 on outstanding balances of $81.7 billion, which are up 0.8 percent from a year ago. Delinquencies have been rising steadily, on a seasonal basis, since 2013 and are now at their highest level since early 2011, according to data from the latest Equifax (NYSE: EFX) National Consumer ...

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KBB: 10 Coolest New Cars Under $20,000 for 2018

Car lot

While the average new car on the road today costs more than $35,000, there are still plenty of vehicle options available at a more affordable price, without sacrificing on comfort and style. The expert editors at Kelley Blue Book name the 10 Coolest New Cars Under $20,000 for 2018, proving you can find a dynamic and less expensive vehicle that still turns heads. The ...

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Deer and Racoon top list of animal-related insurance claims

Car hitting deer

A new study was released today on the number of animal-related insurance losses for the years 2014-2017. The National Insurance Crime Bureau (NICB) data is gleaned from insurance claims for losses that occurred in all 50 states plus the District of Columbia. A total of 1,740,425 animal-related insurance claims were processed with 1,739,687 of them—99.9 percent—involving vehicles. The actual number of ...

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Truck Tonnage Index Increased 2.2% in April, 9.5% year-over-year

semi trucks freight

All of the recent economic indicators, current and forward-looking have demonstrated that the Trump administration’s America First agenda is having a very positive impact on the lives of American workers. Now, the American Trucking Association indicates that it saw a 2.2% increase in freight tonnage hauled in April over the previous month and a 9.5% over last April indicating increasing ...

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Trump Effect: U.S. CEOs’ Confidence Soars As Hunt For Sustained Growth Continues

Lynne Doughtie, KPMG US Chairman and CEO

U.S. chief executives are highly confident in the growth prospects for their companies over the next three years and will focus on M&A and collaborative efforts such as accelerator or incubator programs for startup firms to achieve sustained growth, according to a study released today by KPMG LLP, the U.S. audit, tax, and advisory firm. Experience the interactive Multichannel News ...

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Poll: Voters Want Congress to Apply the Brakes on Driverless Cars; 74% Would Not Ride in Them

Watch Googles Waymo car service to hit the street with no one in the drivers seat

As Americans Hit the Road for Memorial Day driving their own cars, voters surveyed in four states have serious safety and privacy concerns when it comes to driverless car technology and want Congress to apply the brakes to robot car technology until it is proven safe, according to public opinion poll conducted for Consumer Watchdog released today. The poll, conducted ...

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Top Reasons Millennials Enjoy Working in the Skilled Trades: Problem Solving, Working with Your Hands and Job Security

A new survey highlights when and why millennials are entering the industry. The Klein Tools survey also explores how employers can attract the next generation to the trades in order to end the labor shortage that our nation is facing today. Age and Reason Electricians are Entering the Industry Results showed that more than half of millennial electricians, 57 percent, entered ...

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Increasing Number Of Professionals Can’t Unplug On Vacation

Majority of workers (56 percent) connect with the office during break Professionals in New York, Charlotte, Los Angeles, Miami and Seattle check in the most; Cleveland and Minneapolis the least Seven in 10 millennials check in with the office, while majority of workers ages 55 and older fully disconnect on holiday Employees plan to take an average of 9 days ...

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Five Dropshipping Tips for New Business Owners

Dropshipping

For new online shop owners, they considered dropshipping as one of the best business models. Simply because a dropship store is very easy to start, low cost, offer lower risks, and it is highly automated. As a matter of fact, Google Trends has recently revealed that dropshipping became more popular and lots of dropshipping companies, as well as suppliers like ...

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If you have accounts at Bank of America or Citibank, you are supporting the anti-gun movement

Bank of America

I had a checking, savings and credit card account at Bank of America – not anymore. Bank of America will no longer lend to companies that make modern sporting rifles and Citigroup won’t service any retailer that sells “high-capacity” magazines -or- that sells firearms to anyone under 21. Democrats and the anti-gun looney left applauded the move – gun owners, ...

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New Construction Starts in April Pull Back 13 Percent

The value of new construction starts in April fell 13% from the previous month to a seasonally adjusted annual rate of $674.3 billion, according to Dodge Data & Analytics.  The decline follows the 11% gain reported for March, which was the highest level of construction starts over the preceding six months.  The loss of momentum in April was widespread, involving each ...

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