Business News

Consumer Price Index

The Labor Department said the Consumer Price Index increased 0.4% in November. The CPI is up 2.2% year-on-year. Gas prices climbed 7.3%, food prices were unchanged, and the cost of rental accommodation rose 0.3%.

Eugene-based Ninkasi Brewing will start putting three of its beers in cans starting in 2018. Ninkasi has 96 employees, with 80 of those in Eugene. The company is the 33rd largest craft brewery in the United States. Ninkasi is distributed in Alaska, Arizona, California, Colorado, Idaho, Maryland, Nevada, New York, Oregon, Utah, Virginia and Washington and Canada. (ERG)

Twenty-First Century Fox is selling its film and TV assets to Walt Disney for $52.4 billion in stock. The companies expect the transaction to close by mid-2018. (CNBC)

The IEA said that the rise in U.S. crude oil supply was likely to continue into 2018. The IEA says that non-OPEC supply will climb by 600,000 barrels a day in 2017, and 1.6 million barrels a day in 2018. It also noted that global oil supply rose 200,000 barrels a day in November to 97.8 million barrels a day. Good news for drivers.

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

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