Big down day yesterday. If the Dow and S&P 500 fall today it would be the first back-to-back loss since January. But we are headed for another positive week. (CNBC)
Anheuser-Busch InBev, the world's largest brewer, is giving thought to more cost cutting and will not pay bonuses to executives after a weak end of the year and a slump in Brazil. (WSJ)
Costco missed sales and profit expectations in the latest quarter sending shares lower by almost 5%. There is a price war in the industry as Wal-Mart is running a new price-comparison test to force lower prices. Costco same-store sales rose 3%. Costco will raise its annual fees by $5 to $60 for Goldstar and business members and by $10 to $120 for executive members. Prices will rise on June 1st. Membership fees account for about 72% of Costco's operating income. Costco profits fell 6% to $515 million, or $1.17 per share, in the latest quarter. (Reuters)
Caterpillar shares sold off 4% yesterday on news that federal authorities raided three of its facilities. The company says it believes the searches were related to a Swiss subsidiary and how they account for sales and taxes. (AP)
Join us this weekend for Financial Focus radio when we will get you up to speed on a crazy week.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.