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Business News

The Commerce Department said retail sales rose in October by 0.2%. An increase in car purchases offset a decline in demand for building materials. Retail sales were up 4.6% on an annual basis. Consumer spending accounts for more than two-thirds of U.S. economic activity. Sales at online retailers fell 0.3%. (CNBC)

The Labor Department said consumer prices rose 0.1% in October. That is a year-on-year increase in the CPI of 2.0%. Gas prices fell 2.4% and food prices were unchanged. (CNBC)

The New York Times reports the Trump Administration is encouraging Obamacare marketplace consumers to use “insurance agents and brokers. Advocates say this “could provide a lifeline for consumers in a confusing and troubled marketplace,” and could be better than nonprofit guides because agents are able to recommend specific health insurance plans.

Wal-Mart earned $1 per share in the third quarter up 2%. Revenue was $123.2 billion, up 4.2% year over year. U.S. same-store sales rose 2.7%. (CNBC)

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

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  • NE 27th Street between NE Butler Market and Jill Avenue for roadwork related to roundabout construction, full road closure with detour, 4/13/20 - 7/27/20 
  • 15th Street between Knott Road and the new collector road for infrastructure installation, full closure of the roadway, 12/26/20 - 7/31/20 
  • Murphy Road between Brown Trout Place and Country Club Drive for roadwork related to Murphy Corridor project, bypass road constructed to provide Westbound/Eastbound traffic with minimal impacts to traffic, 4/17/20 - 06/12/20