Business News

Brick and Mortar Seeing Pain

Goldman Sachs had profits of $5.08 a share on revenue of $8.17 billion in Q4. A jump in trading helped spur the growth, with revenue from bond-related trading soaring 78.3%.  Goldman in 2016 employed 34,400 workers, 6.5% lower than last year. Goldman in Q4 had $1.5 billion in share buybacks. (CNBC)

The Ringling Bros. circus is closing after more than 100 years in operation. Before dimming the bright lights the Ringling Bros., will perform 30 shows between now and May. The cast of the circus is between 250 and 300 persons, with three performing units. The circus visits about 115 cities each year. Ringling Bros. was founded in 1884. The family ran the circus until 1967 when it was sold to Feld Entertainment. (CNN).

Target says same store sales declined 1.3% in the November-December period. The company expects fourth-quarter comparable sales to fall between 1.0% 1.5%.  Target saw December online sales growth of more than 40%. (Reuters)

S&P 500 is up 4 and the NASDAQ is up 8. MSCI International Index is lower.

Oil is down 90 cents at $51.59 a barrel. U.S. shale production will snap a three-month decline in February per the U.S. Energy Information Administration, as drilling activity increases with crude prices at 18-month highs.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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