The National Retail Federation says “retail sales during November and December increased 5.5% percent, to about $692 billion. That represents the largest increase in holiday sales since the recession of 2008.
Stock funds pulled in $24.4 billion last week. It was the sixth-biggest equity inflow total ever and the most in at least six months. (CNBC)
President Donald Trumps tax overhaul will save Oregon taxpayers nearly $1.5 billion a year, according to Legislative Revenue Office.
According to Americans for Tax Reform, “at least 2 million US workers had received bonuses, pay raises or other new benefits from more than 130 companies as a result of the tax cuts.”
Walmart announced it would add its “Scan & Go,” technology to 100 more stores, bringing the total up to 150. The technology allows customers to download an app and scan and bag items, with a smartphone, allowing customers to pay on their mobile and walk out without interacting with a cashier. Kroger, owners of Food 4 Less and Fred Myer’s, recently announced a similar technology.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.