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Lars Larson
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Lars Larson
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Business News


Stocks are trading at all-time highs this morning after the Federal Reserve announced they will keep the punch bowl spiked a little longer.
By a 9-to-1 vote the Fed chose to continue its massive $85 Billion per month Bond buying program which stunned the financial markets sending stocks higher and bond yields lower.  The central bank cited softer US growth, rising interest rates, and reduced federal spending that would all act as headwinds as their reason for not tapering.
Tech bell weather Oracle reported earnings yesterday after the bell.  The company saw an increase in quarterly profit of 8% but the software giant’s sales fell below expectations for the third quarter in a row.  The company also gave disappointing guidance for the rest of the year.  That news sent the stock lower.
And the number of people filing for unemployment claims was 309,000 last week which is the lowest number in 6 years which is a positive sign because it is a forward looking economic indicator.

 

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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