Business News

Gold at 15 Month High

We start a new trading month today.  In April the Dow and S&P 500 were able to eke out fractional gains. The Nasdaq was down almost 2% mostly due to Apple weakness on the back of disappointing earnings. (CNBC)

Puerto Rico will miss a $389 million bond payment due today.  Knowing what bonds you own is important. Many tax-free bond funds hold lots of Puerto Rican bonds. (CNBC)

Restaurant supply company Sysco reported quarterly profits of $217.1 million. Results exceeded Wall Street expectations. The food distributor had sales of $12 billion. Sysco shares are up 12% since the beginning of the year. (AP)

Starbucks is dealing with another lawsuit alleging they short customers on the coffee they buy. An Illinois woman is suing for $5 million about the amount of ice the coffee behemoth uses in its drinks. She claims customers often end up with half of the amount of drink that's listed on menus in fluid ounces. (NBC News)

MSCI International Index is up 0.89%.

Oil is flat at $45.90 a barrel. U.S. crude soared nearly 20% in the month of April. (CNBC)

Gold is up $15 at $1305 a Troy ounce. Gold is trading a 15-month peak this morning. (CNBC)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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