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CNBC reports that most small businesses still rely on word-of-mouth advertising, and 45% said they do not have a website. Only 36% of the small businesses surveyed use a business website to communicate news to customers and potential customers.


The publication Advanced Manufacturing reports April U.S. cutting tool consumption totaled $168 million, with a year-to-date total of $716 million, up 3.5% compared to 2016.


The market continues to expect slower trajectory of interest rate hikes. The Fed's post-FOMC statement leaned hawkish in that they continued to have an upbeat view of the economy, and didn't scale back on rate hike projections. However, despite this hawkish bent, market expectations for rate hikes fell slightly. Markets are currently pricing in a 46% chance of a rate hike by the end of 2017. (LPL Research)


FedEx quarterly earnings were $4.25 per share on sales of $15.7 billion. Both better than expected. The stock has been on a tear, gaining more than 12% in 2017. (Thomson Reuters)

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.