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.