Business News

For a second straight day Tuesday, the Dow, S&P 500, Nasdaq, and the small cap Russell 2000 posted record closes. U.S. stock markets are closed tomorrow for Thanksgiving and will only have a morning trading on Friday. (CNBC)

Bank of the Cascades will cut about 150 jobs by next August as it is bought by First Interstate Bank. The sale is the result of duplicate positions. The deal will close in July 2017, pending approval by regulators. (KTVZ)

Home resales climbed 2% in October to their highest level in more than 9-1/2 years. That is an annual rate of 5.6 million units, the highest level since February 2007. Sales are up 5.9% from a year ago. (National Association of Realtors)

The big green machine, Deere, reported quarterly profits of $0.90 per share crushing what analysts expected, even in the face of a global farming recession. Net sales were down 5% year-over-year to $5.65 billion. “The company in 2016 had one of its ten-best years in both sales and earnings, a noteworthy achievement in light of the difficult business climate," said CEO Samuel Allen in a statement. Deere shares are up 11% in early trading. (Business Insider)

Join us this weekend for Financial Focus Radio as we feast on a holiday week of wealth building tips.

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

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