Business News

Christmas Shopping is Down to the Wire

Yesterday the Dow inched closer to the 20,000-level posting another record high. The S&P 500 and Nasdaq, posted their first drops in seven sessions. The Federal Reserve starts a two-day meeting today, and they are expected to raise interest rates for only the second time in about a decade. (CNBC)

Costco members have opened 1 million credit card accounts since the launch of the new co-branded Visa cards in June. Costco reported 730,000 sign-ups for the new cards in September. Some 20,000 to 40,000 of the 1 million new accounts came in the form of brand-new Costco members. Costco reported sales of $28.1 billion for the quarter ended November 20th. An increase of 3.2% YOY. That equaled a profit of $545 million. Up 14% from last year. (Puget Sound BJ)

With just 12 days till Christmas shoppers are coming down to the wire.  If you are a last-minute shopper Wal-Mart is here to help.  They are offering free in-store pickup of online orders placed by 6 p.m. local time on December 23rd.  They also have a dedicated website to view last-minute gift available gift ideas at their local store. (CNBC)

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

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