The Commerce Department said orders for U.S.-made capital goods increased 1.4 percent in July. Core capital goods orders increased 7.2 percent on a year-on-year basis.
If you were looking for relief on your state tax deduction you are going to be disappointed. The Treasury and IRS issued new rules to block high tax states' attempts to circumvent the new $10,000 cap on state and local tax deductions. (CNBC)
Procter & Gamble (PG) has applied to trademark millennial-friendly internet acronyms including "LOL," "WTF," "FML" and "NBD" for use on soap and cleaning products. (NY Post)
In the midst of the China currency and economic concerns of 2015, three years ago was the first time that the Dow ever fell 1,000 points. It didn't close down 1,000 points and on a percentage basis this wasn't the largest drop ever, but it was still a harsh reminder that volatility can come at any time. Only two other times in history has it dropped 1,000 points during the day and both of those were this past February. On a percentage basis, the Dow was down 6.62% at the lows three years ago today. The largest ever was 25.33% during the Crash of '87. (LPL)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.