Americans applying for government disability benefits is plunging, evidence that a stronger economy is pulling people back into the job market (NY Times)
The 334.3 million mobile phones shipped during the first quarter of 2018 was a 2.9 percent decline year over year and was led by China, which declined to a level not seen since 2013. (IDC)
The National Association of Realtors say existing home sales slipped 0.4 percent last month. It was the second straight monthly decline in sales. Existing home sales, which make up about 90 percent of U.S. home sales, dropped 3.0 percent on a year-on-year basis in May. They have declined for three straight months.
Darden Restaurants', owners of the Olive Garden, saw quarterly results top Wall Street expectations. Darden earned $174.5 million, or $1.39 per share, up almost 41%. Revenue increased to $2.13 billion. Sales at Olive Garden restaurants open at least a year rose 2.4% in the quarter.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.