A little cost cutting going on. Ford, the only domestic automaker not bailed out with your tax dollars, is offering buyout packages to about 15,000 workers in North America and Asia as they cut costs. (CNBC)
Emerging Market strength continues and this is why every well diversified and balanced portfolio should have some. The MSCI Emerging Markets Index is now up 19.1% year to date. (LPL Research)
The week ahead. The Federal Open Market Committee meets on Wednesday, June 14th, Flag Day, and will include Chair Janet Yellen's press conference. The Bank of Japan also meets on Thursday. Noteworthy U.S. data due out includes consumer and producer inflation, retail sales, industrial production, and housing starts. (LPL Research)
General Electric Chairman and CEO Jeff Immelt is stepping down. GE shares climbed on the news. The stock is off about 12% year-to-date. John Flannery, current president and CEO of GE Healthcare, has been named CEO of the company, effective August 1, 2017, and chairman and CEO effective January 1, 2018. Flannery, 55, began his career at GE Capital in 1987. (Bloomberg)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.