New orders for manufactured durable goods rose 4.5% in August. Growth last month matched the strongest pace in a year. However, orders excluding transportation reflect a slowdown in manufacturing as escalating trade anxieties increasingly weigh on U.S. firms. Excluding transportation, durable goods rose 0.1% in the month. Capital expenditures, measured by new nondefense capital goods orders (excluding aircraft and parts), declined for the first time since March. Shipments of these capital goods, which contribute directly to gross domestic product, grew 0.1%. Unfilled orders ticked up to a record $1.18 billion amid growing tariff-induced supply chain disruptions. (LPL)
Amazon is expanding its grocery delivery service from Whole Foods stores to more cities across the U.S. The service is available in Milwaukee, Omaha, Detroit, Jacksonville, Madison, Orlando, St. Louis, Ann Arbor, Tampa and Tulsa. (CNBC)
Is this like rats leaving a sinking ship? J.C. Penney CFO Jeffrey Davis is resigning to pursue a new opportunity, after less than a year and a half on the job. (CNBC)
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With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.