Lars Larson


Lars Larson

12:00pm - 3:00pm

Business News

Amazon posted another surprise profit yesterday ($92m on sales of over $23bn), and investors have been piling into shares since.  Shares climbed 17% after hours yesterday, and Amazon's market cap has now eclipsed Wal-Mart, as the company's value now exceeds $264bn.  Amazon has now posted a quarterly profit in 8 of the last 14 quarters. (WSJ)

Well if you've ever wanted to own a Ferrari - now's your chance - to buy shares in the company at least.  Ferrari filed a preliminary prospectus with the SEC yesterday, and plans to IPO with a value of over $10bn.  Ferrari shipped over 7k cars last year, and 60% of buyers are existing customers.  (WSJ)

Starbucks reported quarterly earnings and revenue that beat analyst's expectations yesterday, posting $.41 a share on $4.86bn in revenue.  The company expects full-year revenue growth of over 16%.  American same-store sales growth reached an impressive 8%.  (CNBC)

The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41 1/2 years, suggesting job growth remained solid despite slowing in June.  Initial claims for state unemployment benefits dropped to a seasonally adjusted 255,000.  2.2 million Americans are still receiving unemployment benefits.  (CNBC)

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  • Click on the link for the latest conditions on the mountain passes.
  • Roundabout at intersection of NW Shevlin Park Road and NW Mt. Washington Drive for roundabout reconstruction, road closure with detours, 5/13/19 - 6/27/19.
  • Empire at Purcell CLOSED for RAB contruction through August.
  • RDM:SW 15th St from SW Indian Ave to SW Kalama Ave – Closed for construction thru August 15, 2019
  • Brosterhous Road between American Lane and Jacklight Lane for sewer main installation, southbound lane closures with detours, until 7/15/19.