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The Punch Bowl is Still Spiked

Intel boosted its third-quarter revenue forecast noting PC sales are running stronger than expected. The company forecasts quarterly revenue of $15.6 billion. Intel relies on the PC for 60% percent of its revenue. Second-quarter PC shipments totaled 62.4 million a 4.5% decline from the same quarter in 2015. Intel employs 19,500 in Oregon, more than any other business in the state and more than anywhere the company operates. (Oregon Live)

The price per pound of hazelnuts is at its third-highest level in history. The Hazelnut Growers Bargaining Association agreed to set the price at $1.18 for this fall. The record was set in 2014 at $1.70 per pound. Almost all the country's hazelnut output comes from Oregon. (Register-Guard)

Amazon is hiring temporary and, full-time employees to answer customer questions. These employees will work from home, helping customers via phone and online chat. The jobs will pay $10 per hour. Applicants must live in a list of specified states that include Oregon and Washington.  (Oregon Live)

Bed Bath & Beyond reported a quarterly profit of $167.3 million on revenue of $2.99 billion. Bed Bath & Beyond shares have dropped 11% in 2016 and are down 29% in the last 12 months. (AP)

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

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