Business News

A Super-Sized Jobs Number

The US economy added 287,000 jobs in June, 265,000 were added in the private sector. Average job growth for Q2 was 145,000 jobs per month. The unemployment rate is 4.8%. (Fox Business News)
Starbucks will increase the price on some drinks on Tuesday. Some prices could go up by as much as 30%. Starbucks last raised its prices by 5 to 20 cents in July 2015. The Seattle-based company has increased prices every summer since 2013. (CNNMoney)
Helen of Troy reported quarterly profits of $19 million. The personal and household products company had sales of $348 million, up 0.8%, which includes a 1.1% decline from Venezuela and a 0.5% decline from foreign currency. Hydro Flask had sales of $14.4 million, ahead of expectations. Helen of Troy shares are up 9% since the beginning of the year and are up 5% in the last 12 months. (AP)
Under the category – “you have to pay the money back” -- Uber has raised $1.15 billion after taking out its first high-yield loan – also known as junk bonds -- bringing its total capital raised through debt and equity to $15 billion. (WSJ/CNBC)
Join us this weekend for Financial Focus Radio when we will try to pop the growing bond bubble.
S&P 500 is up 11 and the NASDAQ is up 17.  MSCI International Index is up 1%.
Oil is up $0.50 at $45.00 a barrel.
Gold is up $4 at $1366 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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