Stocks were little changed yesterday after the U.S. threatened a new wave of tariffs on European goods, dampening recent optimism surrounding the Washington-Beijing trade truce.
Drivers should pay about a dime less per gallon for gasoline over the Fourth of July holiday than last year, even with a major refinery outage and new taxes in about a dozen states. A record 41.4 million people are expected to travel on the nation’s roadways over the long holiday weekend, an increase of 4% from 2018, according to AAA, and even with the shutdown of the largest East Coast refinery, gasoline should be plentiful.
Anheuser Busch Inbev - The brewer’s stock jumped 2% after announcing that it is looking to raise as much as $9.8 billion from a Hong Kong listing, in what would be the world’s largest initial public offering of the year. The IPO would give Budweiser Asia, which has a portfolio of more than 50 beer brands in the region, a market capitalization of up to $63.7 billion.
According to the Commerce Department outlays for U.S. construction projects fell 0.8% in May at a seasonally adjusted annual rate of $1.3 trillion. That's the biggest drop since November.
With Northwest Quadrant Wealth Management, I'm Tyler Simones