Business News

13 Times Out of 19 Days

Since February 5th, when Jerome Powell took over as the new Fed chair, the S&P 500 has moved at least 1% (up or down) 13 times out of 19 days. To put that in perspective, the S&P 500 moved 1% a total of 8 days in all 251 trading days of 2017. (LPL)

Nordstrom saw a healthy 2.6% increase in same store sales in the fourth quarter. Overall net sales increased 6.4%. Nordstrom Rack net sales rose 15%, while same-store sales increased 3.7%. The company reported a fourth-quarter profit of $151 million compared with $201 million a year-ago. Sales came in at $4.6 billion. (AP)

Sam's Club, a division of Walmart, is partnering with Instacart to offer same-day delivery. (CNBC)

More problems for DHL. First it was chicken, now there's a gravy shortage at KFC locations in the United Kingdom. Some restaurant are serving a limited menu, with many not serving gravy at all.  It all originates from a new delivery system using DHL. (Bloomberg)

An Oregon mega-dairy could be shut down immediately in a state lawsuit. Lost Valley Farm opened in April 2017 near Boardman to supply the makers Tillamook Cheese. Its permit allows for up to 30,000 animals. (SSJ)

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

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