Business News

Household Incomes Rise

The National Federation of Independent Business small-business optimism index fell 0.2 points to 94.4 in August. The measure of small-business sentiment declined with election worries at the forefront. The outlook for business conditions in the next six months had the most dramatic change, dropping seven points. Setting an all-time high for the survey, 38% of business owners cited the political climate as a reason not to expand. (MarketWatch)

An American family’s median household’s income in 2015 was $56,500, an increase of 5.2% year over year. But the median household income is still 1.6% lower than in 2007. It also remains 2.4% lower than the all-time peak reached during the late 1990s. Households living in poverty shrank by 3.5 million in 2015, reducing the poverty rate by 1.2%. (NYT)

German drug and crop chemicals company Bayer is buying U.S. seeds firm Monsanto for $66 billion in cash. That is $128 per share. This is the biggest takeover deal of the year and the largest cash deal on record. (Reuters)

Cracker Barrel Old Country Stores, reportedly coming to Bend, reported a quarterly profit of $51 million. The company had sales of $745.6 million in the period. Cracker Barrel shares have climbed 19% since the beginning of the year. (AP)

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

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