U.S. stock indexes closed at their highest levels in 2019 yesterday after lawmakers reached a tentative deal to prevent a government shutdown and as optimism grew over a potential trade deal between the U.S. and China.
The number of job openings in the U.S. surged at the end of 2018 to an all-time high, reflecting the resilience of an economy that keeps growing despite rising headwinds at home and abroad. Job openings climbed to 7.34 million, an all-time record, in December from 7.17 million in the prior month.
The January small-business optimism index of the National Federation of Independent Business fell 3.2 points to a seasonally adjusted reading of 101.2, the worst reading since the election in Nov. 2016. The expectations components fell particularly sharply, with a 10-percentage point decline in those expecting the economy to improve. "Overall, the January data reveal a solid small business sector that has some increased concern about how uncertainties may resolve themselves later in the year.
The Oregon Senate voted 17-11 Tuesday to make Oregon the first state in the nation to adopt statewide rent control and make it harder for landlords to evict tenants without a reason. Under Senate Bill 608, landlords across the state could raise rent no more than 7 percent per year, plus the annual change in the consumer price index. The bill carves out an exemption for rental properties that are less than 15 years old.
With Northwest Quadrant Wealth Management, I'm Tyler Simones