Business News

Markets Remain Shaky

Stocks are under pressure this morning, as the S&P 500 looks to avoid a three-session losing streak. With five trading days left in September, the S&P 500 is lower for the month. In potential market moving news Fed Chair Janet Yellen speaks this evening on inflation and the economy. (CNBC)
This is an example of deflationary pressures in the economy.  Wal-Mart wants price cuts from suppliers that make goods in China. The retailer wants to share in the benefits generated from China's devaluation of the yuan. ( Reuters)
Deal-making timed with Chinese President Xi Jinping's U.S. visit, Boeing has struck a deal to sell 300 jets to China, valued at about $38 billion.  Boeing will also open a plant there that would work on part of the production process for its 737 jet. (AP)
A union-backed group will move forward with a ballot measure that would raise taxes on corporations by more than $2.5 billion a year. Under the measure, some corporations would pay a minimum tax of $30,000 a year, plus 2.5% of sales above $25 million. About 1,000 corporations doing business in Oregon would be affected. The group may also decide to proceed with yet another initiative that would raise personal income taxes for individuals with a taxable income of more than $125,000 and for joint filers above $250,000.  (Oregon Live)

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