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Same store sales at Dick's Sporting Goods stores tumbled 4 percent during the latest quarter. Dick's raised its profit outlook for the full year. Dick's said online sales increased 12 percent during the quarter. (Reuters)

The Mortgage Bankers Association said total home loan application volume decreased 1.7 percent last week.

Tailored Brands said it expects second quarter earnings to be better than expected. The parent of the Men's Wearhouse and Jos. A. Bank clothing chains also said Chief Executive would retire at the end of September. (CNBC)

GDP revision reinforces solid second-quarter growth. Gross domestic product growth was revised up to 4.2%. The contribution to output from business spending was 0.15% higher and the contribution from net exports was 0.11% higher. This puts us on track for GDP growth in 2018 to be at or above 3%. (LPL)

Hood River-based, Tofurky, the vegetarian food-maker, is suing Missouri to defend its right to describe its products with meat terminology such as "sausage" and "hot dogs. The Missouri Cattlemen's Assoc supported the new law banning plant based products from using the terms. (AP)

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

 

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