Dick's Sporting Goods released its third quarter earnings and said its fourth quarter will likely not be up to par. Dick's reported profits of 48 cents per share on revenue of $1.81 billion. Dick's same-store sales grew 5.2%. (CNBC)
Consumer prices recorded their biggest increase in six months in October suggesting a pickup in inflation.
The Consumer Price Index climbed 0.4% in October. Year-over-year the CPI is up 1.6%. Gasoline prices jumped 7.0%, accounting for more than half of the increase in the CPI last month. Food prices were unchanged for a fourth straight month. Food consumed at home declined for a sixth straight month. (Labor Department)
Americans filing for unemployment benefits fell to a 43-year low last week. Initial claims for state unemployment benefits dropped 19,000 to 235,000 for the week the lowest level since November 1973. Claims have been below 300,000 for 89 straight weeks. That is the longest run since 1970. (CNBC)
Join us this weekend on Financial Focus Radio when we will help you know if you have bad bonds.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.