Business News


Equity markets are coming off their biggest drop in nearly two months.  This morning stocks are lower in early trading. (CNBC)

After four consecutive months of gains, existing-home sales slipped in August as investors paying in cash retreated from the market. Total existing-home sales decreased 1.8% to an annual rate of 5.05 million. Total housing inventory declined 1.7% to 2.31 million existing homes for sale, which represents a 5.5-month supply.  Unsold inventory was 4.5% a year ago. (Market Wired)

Railroads traffic is booming.  Oregon railcar maker Greenbrier, has received orders for almost 39,000 railcars, valued at $3.72 billion, since September of 2013. (Oregon Business Mag.)

A statistic that could have tremendous economic implications -- More U.S. millennial women, those born after 1980, are holding off on motherhood.  Fewer teens than ever had babies last year -- 26.6 per 1,000 women, down 57 percent since 1991. For women 20 to 24 years old, the birth rate also reached a record low, while a decline continued for those 25 to 29 years old. (Bloomberg)

This is something Oregon would love. Starbucks is testing a latte that it says has the "savory toasty malt" flavor of a foamy mug of stout. The "Dark Barrel Latte" is being tested in a handful of stores in Ohio and Florida. (Associated Press)
 

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