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Inflation at the wholesale level was unchanged in May. Energy prices fell 3% and food costs declined 0.2%. Prices did rise for services such as car rentals and retailing clothing, jewelry, footwear and accessories.
Core inflation, which excludes food, energy and trade services has climbed 2.1% over the last year. (AP)

Sears is cutting 400 full-time jobs at its corporate offices.
The company is restructuring in an efforts to reduce costs by $1.25 billion annualized. Last week, Sears said it would close an additional 66 stores, adding to the list of 180 closures that was announced earlier this year. Sears stock has shed more than 41%over the past 12 months and is down about 25% year-to-date. (CNBC)

The Chinese fixed income market are under pressure. With slightly slower growth in China, the People's Bank of China eased its tightening program. (LPL Research)

It is the coming wave in food service. Digital ordering is boosting sales at the soup and sandwich chain Panera Bread. It's poised to pass $1 billion in annualized digital sales this year. It expects to double that by 2019. (CNBC)

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

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.