The S&P 500 declined yesterday. The large-cap index fell just 0.0002 percent, the smallest move in almost two decades. (CNBC)
Wal-Mart will be giving hundreds of workers the boot in a fresh round of job cuts. The cuts will impact both store workers and employees at the company's headquarters. Many of the layoffs will be in its human resources department. This is the latest in a series of cuts as the company cuts expenses. In September, it cut 7,000 back-office jobs and in October 2015 it cut hundreds of positions at headquarters. (WSJ)
Taco Bell has come to Shanghai China. With more than 1,000 restaurants to be added by 2022. Yum China previously operated a handful of Taco Bell Grandes, but all closed by 2008. The China menu is different from America and include a shrimp and avocado burrito, spicy fried chicken, and Mexican fries. With more than 1.3 billion people and a huge emerging middle class, China represents massive growth opportunities for restaurant chains. (WSJ)
Ford, the only US automaker not to be bailed out with your tax dollars, says they will not make as much money in 2017 as they did in 2016. Ford declared a special dividend of 5 cents per share in addition to its regular quarterly dividend of 25 cents per share. (CNBC)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.