Business News

PPI is Up 3.1%

94.6% said they were positive about their own company's outlook.  Almost 63% of CEO’s said comprehensive business tax reform would encourage their company to increase capital spending. 54% said they would hire more workers, and 49% said they would increase employee wages and benefits.

The Labor Department says producer prices jumped 0.4% in November. In the last 12 months the PPI is up 3.1%. That is the biggest gain since January 2012. Gas prices surged 15.8%, wholesale food prices rose 0.3% and prices for services increased 0.2%.

Facebook will grow its Prineville facilities by more than 80% by adding 1 million sq. ft. of data center facilities by 2021. Construction on a fourth data center will begin this month and a fifth building next year. The three existing data centers employ over 200 workers and represent more than $1 billion in construction investments. (PBJ)

The President of Toyota says he wants electric cars and hybrids to account for 50% by 2030. He made his statement at a news conference announcing an expansion of Toyota's battery partnership with Panasonic. (CNBC)

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

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