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Business News


Investors watch for an S&P 500 close above 2,000 after breaking that level intraday on Monday.  International concerns in the Ukraine, Syria, and Libya are front and center today.(CNBC)  

Durable goods, a measure of capital spending, was up 22.6% on the back of aircraft delivers.  Take out transportation (read aircraft) and the number was down 0.8%. This is a very volatile number and should be looked at over the long-term. Overtime this number is consistent with a growing economy. (Associated Press)

The Securities and Exchange Commission has warned investors to avoid fraud involving marijuana-related stocks which scammers are promoting to cheat you. Four stock promoters with roots in Washington and Oregon have been charged with securities fraud after manipulating stock, including marijuana-related companies GrowLife and Hemp Inc.  Marijuana is currently a $1.5 billion-a-year industry, and is expected to triple in a few years. Medical marijuana is legal in 23 states. (Portland Business Journal)

Wells Fargo has relaxed its standards for jumbo, non-guaranteed, home loans. The largest U.S. mortgage lender is trying to combat an industry-wide drop in home mortgage volumes. The bank lowered the minimum credit score on these fixed-rate jumbo mortgages to 700 from 720.  This is part of a trend to loosen mortgage criteria that are still tight by historical standards. (Reuters)

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road closed between Butler Market Road and Bennington Lane. (8/18)

 

Round-About Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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