The manufacturing sector expanded in January with the Institute for Supply Management index hitting 56. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting. The overall economy has grown for 92 consecutive months. (AP)
Ahead of Fridays big government jobs report ADP
says private companies added 246,000 new workers to the payroll in January. Goods-producing companies hired 46,000 workers, the highest in two years. Construction added 25,000 jobs and manufacturing added 15,000 jobs. Services added 201,000 positions. Firms employing 50-499 workers added 102,000 jobs. Small businesses hired 62,000, while large companies hired 83,000 persons. (CNBC)
The Portland office of Walmart Labs is cutting eight of its 29 positions as part of their e-commerce business. Company-wide the company is cutting a total of 200 positions from the e-commerce organization. (PBJ)
Facebook exceed earnings and revenue estimates as ad sales grew 53%. (AP)
Royal Dutch Shell recorded its worst annual profit in more than a decade, as low oil prices continue to weigh on the industry. (CNBC)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.