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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.

Medical Robotic Systems Market to Become Worth US$ 25.7 Billion by 2025

Surgical Robot

According to a report, the global medical robotic systems market was valued at US$ 6,458.0 Mn in 2017 and is projected to expand at a CAGR of 18.9% from 2018 to 2026. Increase in adoption and demand for surgical robots and rise in the number of products receiving regulatory approval are expected to boost the global medical robotic systems market from 2018 to 2026. ...

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U.S. Millennials Most Likely to Take & Spend More on Vacations This Year, Next

Vacation Travel

Millennials are more likely than older Americans to take a vacation this summer than last summer, based on their household finances, according to a new survey from Travelport (NYSE: TVPT), the leading Travel Commerce Platform. The 2018 Travelport U.S. Vacation Survey of approximately 1500 U.S. residents reveals Millennials (ages 18-34 years old) are most likely to spend more on their upcoming vacations ...

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Gig Economy May Replace Retirement for Many

Gig economy

Today, more than one in three U.S. workers are freelancers — and this figure is expected to grow to 40 percent by 2020. Increasingly, workers are eschewing or supplementing the traditional “nine-to-five” career with independent or temporary work, but these gig workers face daunting challenges preparing for retirement. This shift in the workforce and the implications it has on gig economy ...

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The Future of Gold

gold as legal tender

The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years. Key conclusions emerging from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief Innovation Officer ...

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China On Course To Overtake USA As World’s Leading Source Of Foreign Trademark Applications By 2020

China is on course to overtake the USA as the world’s leading source of foreign trademark applications by 2020 according to new research released today by CompuMark, the industry leader in trademark research and protection solutions. Trademark-filing trends are a powerful indicator of economic activity. In the past two years alone, the number of Chinese trademark applications to foreign registers has doubled, with ...

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Trump Effect: College Hiring Outlook Strongest in More than a Decade

80 percent of employers say they plan to hire college graduates this year, up from 74 percent last year Nearly half of employers plan to increase the starting salaries they offer to recent graduates CareerBuilder data shows college graduates are making mistakes that are preventing them from getting jobs Business, engineering, and computer and information sciences among most sought-after majors ...

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Home sales increase 2.3% despite shrinking inventory, higher prices

economy going up

Home sales increased 2.3% year-over-year in April 2018 in the face of record low inventory and the second-highest median sales price in the nine-year history of the RE/MAX National Housing Report. In April, San Francisco, CA reached a new benchmark surpassing $1 million for the metro area’s median sales price. Eight other metro areas including Las Vegas, NV, Seattle, WA and Boise ID saw large double-digit price increases from just a year ago. ...

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Housing Confidence Bottoms Out Due to Unaffordability

Home for sale

High home prices, unaffordability cause confidence in housing health to drop to lowest levels in nine quarters The desire to own a home remains high, currently at 79 percent among non-homeowners, however; 67 percent believe the American housing market is unhealthy, according to the latest ValueInsured quarterly Modern Homebuyer Survey. In addition, the number of people who believe buying a home today is a ...

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Amazon gives new Whole Foods incentive to Prime members

Amazon.com buying Whole Foods Market

The integration of Whole Foods into the Amazon ecosystem continues Wednesday as the online retail giant extends discounts at Whole Foods to members of its subscription service. Prime members now save more at Whole Foods Market. Starting today, members get an additional 10 percent off sale items, typically hundreds of products throughout the store, plus weekly deep discounts on select ...

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Vacant properties plague struggling U.S. cities

Lincoln Institute of Land Policy Detroit Houses

Despite a drop in numbers across much of the United States since the recession, vacant and abandoned properties continue to dog struggling postindustrial cities, tearing apart neighborhoods with growing intensity, according to a report published by the Lincoln Institute of Land Policy. Since the 1990s, vacancies have become more widespread in cities such as Detroit, Cleveland, and St. Louis, former industrial powerhouses known as legacy ...

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Report: Bank Card Defaults Highest in 6 years despite strong economy

S&P Dow Jones Indices and Experian released today data for 2018 through April for their Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate decreased four basis points to 0.92%. The bank card default rate rose eight basis points to 3.86%. The auto loan default rate fell six ...

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‘Fair’ credit rating can cost home buyers an extra $21,000 in mortgage costs

Homebuyers with a lower credit score pay thousands of dollars more for the same home than a buyer with an excellent credit score. A new report finds that nationally, a borrower with an “excellent” credit score could get a mortgage with a 4.50 percent Annual Percentage Rate. A similar borrower with a “fair” credit score could get a 5.10 percent rate. ...

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Flat Glass Market Size Worth $124.14 Billion by 2022

Flat Glass

The global flat glass market size is expected to reach USD 124.14 billion by 2022, according to a new report by Grand View Research, Inc., posting a CAGR of 7.1% during the forecast period. Robust growth of the building and construction sector in developing countries is expected to be a key factor propelling the market. Glass is increasingly being used in construction applications. Tempered ...

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Smucker Completes Acquisition of Ainsworth Pet Nutrition, Maker of Rachael Ray Nutrish Pet Food

Rachel Ray Pet Nutrish pet food

The J. M. Smucker Company (NYSE: SJM) announced Monday it had completed the acquisition of Ainsworth Pet Nutrition in a transaction valued at approximately $1.7 billion, after an estimated tax benefit of $200 million.  The Company previously announced the signing of a definitive agreement to acquire Ainsworth on April 4, 2018. Ainsworth is a leading producer, distributor, and marketer of premium pet food ...

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Report: The 8 Best Cars to Buy Now

Car lot

U.S. News & World Report today unveiled May’s list of the Best Cars to Buy Now. To make U.S. News’ monthly list, a car has to meet three criteria: declining sales, strong manufacturer incentives and excellent scores in the U.S. News Best Cars rankings. “With auto sales slowing, we’re seeing better incentives,” says Jamie Page Deaton, managing editor of U.S. News Best Cars. ...

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