Billionaire investor Wilbur Ross, with Oregon connections by being the led investor in the cash infusion that saved Bank of the Cascades during the dark days of the financial crisis, is headed toward confirmation as Commerce secretary. The Senate is set to vote on his nomination tonight. (AP)
This guy ought to know. Warren Buffett told CNBC stock prices are "on the cheap side" with interest rates at current levels. He has put $20 billion into stocks since just before the presidential election. Buffett lead Berkshire Hathaway released its year-end results this weekend, telling investors that gains would continue to be "substantial" in the coming years and the U.S. economy would continue its "miraculous" boom. Berkshire's earnings were up nearly 15% in 2016 from the prior year. (CNBC)
Big data, the internet and globalization are helping to keep prices low. Wal-Mart is running a new price-comparison test in at least 1,200 U.S. stores and squeezing packaged goods suppliers in a bid to close a pricing gap with rivals like Kroger. (Reuters)
Sears opened a full-service auto care facility called DieHard Auto Center last week. Sears' auto service stop provides oil changes, tire replacement and vehicle repairs. (Automotive News)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.