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Business News


Markets rallied yesterday as the Federal Reserve continues to reassure investors that while interest rates will go up one day it will not be soon.  While we slept China reported their exports declined 6.6% and imports declined 11.3%. (CNBC)

New claims for unemployment fell 32,000 to 300,000 a new cycle low and good news on the job front. (Fox Business News)

Part of the new American energy renaissance could be becoming a major energy supplier to China.  China is a major consumer of LPG (Liquefied Petroleum Gas) which we have ample supplies.  Currently the US bans the exports of crude oil but there are no limits on LPG. Exports of LPG could triple by 2020. (Reuters)

US foreclosures are at their lowest levels since mid-2007 and have been falling for 42 straight months. Currently banks are holding about half a million homes they have already foreclosed upon.  Of these bank owned properties 10% are listed for sale and half are occupied by the former homeowners or a renter. (Reuters)

A whopping 48% of Americans don’t have enough savings to last even a month without a paycheck.  The silver lining is of those who have savings more than half of them say they could make it more than 8-months without a paycheck. (RetailMeNot.com)
 

 

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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