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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.

Vail Resorts goes on a shopping spree, buys four ski resorts

Vail Resorts will acquire Triple Peaks, LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado In a separate transaction, Vail Resorts will acquire Stevens Pass Resort in Washington State Upon closing, Epic Pass and Whistler Blackcomb Edge Card products will now include additional access to all four resorts for ...

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Microsoft to acquire GitHub for $7.5 billion

Microsoft (NASDAQ: MSFT) announced on Monday it has reached an agreement to acquire GitHub, the world’s leading software development platform where more than 28 million developers learn, share and collaborate to create the future. Together, Microsoft hopes, the two companies will empower developers to achieve more at every stage of the development lifecycle, accelerate enterprise use of GitHub, and bring Microsoft’s ...

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223,000 new jobs in May; Unemployment at lowest since 1969

economy going up

Total nonfarm payroll employment increased by 223,000 in May, and the unemployment rate edged down to 3.8 percent, the lowest rate since 1969, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, including retail trade, health care, and construction. The May jobs numbers were so good that even The New York Times had trouble ...

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US IT Sector Records Fourth Consecutive Month of Job Growth

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The U.S. information technology (IT) sector added an estimated 8,700 new jobs in May, the fourth consecutive month of employment growth, according to CompTIA, the leading technology industry association. A CompTIA analysis of today’s Bureau of Labor Statistics “Employment Situation” report finds May job growth occurred in three categories: IT services, custom software development and computer system design (+ 6,600 jobs) ...

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Strong late cycle job growth trend shows more signs of boosting wages

The US labor market continues to tighten as the creation of 223,000 jobs in May helped drive the unemployment rate down to 3.8 percent, its lowest rate since December 1969. Tightening labor markets led to a small acceleration in average hourly earnings to 2.7 percent during the last 12 months through May, compared to 2.6 percent last month. Today’s pickup in wage ...

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Trump Effect: Manufacturing sector continues expansion in May

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 May, and the overall economy grew for the 109th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report. “The May PMI® registered 58.7 ...

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Summer Hiring is Expected to be Hot for the Second Year in a Row

41 percent of employers plan to hire summer workers; the majority will consider summer hires for permanent positions 25 percent of employers hiring for the summer plan to pay more than $15 an hour Survey reveals list of most unusual summer jobs employees have had Hiring is not taking a summer vacation, as 41 percent of employers plan to hire ...

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Average loan amount and monthly payment for new vehicles reach record highs

Ford car lot auto dealership car sales

Many industry pundits expect new vehicles sales to continue their downward trend. According to Experian’s State of the Automotive Finance Market Report released today, one reason for the trend may be the rise in loan amounts, monthly payments and interest rates for new vehicles. In fact, average new vehicle loan amounts and monthly payments recently hit record highs. Findings show ...

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Pending Home Sales Lose Steam in April, Decline 1.3 Percent

Home for sale

After two straight months of modest increases, pending home sales dipped in April to their third-lowest level over the past year, according to the National Association of Realtors®. All major regions saw no gain in contract activity last month. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, declined 1.3 percent to 106.4 in April from an upwardly ...

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Many Rewards Credit Card Holders Don’t Shop Around

Many consumers don’t do their research when it comes to credit cards, according to U.S. News & World Report, the global authority in rankings and consumer advice. In its most recent survey of credit card holders, U.S. News found that nearly half of respondents didn’t research their card before signing up. Further, more than 50 percent of those surveyed don’t regularly shop ...

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Brilliant Tips to Make Your Business More Respectable

Running a company is all about how well you present your business and the way people perceive you. You have to make sure you have a great reputation and that your clients and customers view you as a respectable and reputable brand. The better your reputation is the more of a chance you have of being successful and enjoying repeat ...

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Private Sector Employment Increased by 178,000 Jobs in May

Private sector employment increased by 178,000 jobs from April to May according to the May 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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U.S. Technology Exports Totaled $322 Billion in 2017, Supported 800,000+ Jobs

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Exports of U.S. technology industry products and services grew by nearly $10 billion in 2017, to an estimated $322 billion, according to a new analysis released today by CompTIA, the world’s leading technology association. The “CompTIA Tech Trade Snapshot” also reveals that tech exports directly supported an estimated 805,000 jobs in 2016, the most recent year of available data. That’s nearly 14 percent of ...

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Report: Credit Unions have best fee structures

Credit cards

A report was released today that compared the fees of a representative sample of 200 credit cards that are in Americans’ wallets. Although every card included in the CompareCards by LendingTree study had at least one fee, there remains a wide variance among credit cards in the types of fees card issuers impose on customers. The representative sample of 200 cards approximates the card ...

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Home prices continue to rise

Home for sale

Data released today for March 2018 shows that home prices continued their rise across the country over the last 12 months according to S&P CoreLogic Case-Shiller Indices. “The home price increases continue with the National Index rising at 6.5% per year,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Seattle continues to report the ...

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