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Business News

Markets Approaching Record Levels


At 11am we get the Federal Reserve meeting minutes from their January get together.  This could move markets. (CNBC)
 
New housing starts for last month fell 16%.  Can you say weather?  (Bloomberg)

Inflation at the manufacturing level, also known as PPI, was up 0.2%, last month.  A little hotter than expected.   (Fox Business News)

Mortgage applications, both refinancing and new purchase, fell 4.1% last week.  Loans for an original home purchase fell 6.3% to its lowest level since September 2011. (Mortgage Bankers Association)

Renewable energy mandates come at a cost. Portland General Electric is asking for a 4.6% rate increase to cover the cost of its new $500 million wind farm.  This comes on top of the 7% rate increase that kicked in the first of the year (Associated Press)

Nike is raising its dividend by 14% to 24 cents a share.  The company has plenty of cash to cover the increase with $5.1 billion in the bank.  The new dividend will mean a $214 million payout to shareholders. (Market Wired)
 


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