It may seem extreme, but it is about average. Last Thursday the S&P 500 gained more than 1%, making it the 50th time so far in 2018 that the index has gained or lost at least 1%. This is well above the historically calm 2017, in which the S&P 500 moved 1% only eight times. On average, the S&P 500 has moved 1% about 50 times each year since 1950. (LPL)
Ride-hailing service Uber's losses ticked up to nearly $1 billion during the third quarter and annualized growth is continuing to slow, according to the private company's self-reported financials for Q3. (CNBC)
Columbia Helicopters will retain its Aurora headquarters and all its 850 employees following its sale to the Bristow Group, based in Texas. Bristow paid $560 million, $492 million in cash and the remainder in stock. (Oregon Live)
Oregon State graduate Pat Egan will become chief executive officer of Warren Buffett’s See’s Candies in 2019 after working at a Berkshire Hathaway Inc. utility, NV Energy. He will be only the third CEO since Berkshire acquired See’s more than 40 years ago. (Bloomberg)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.