U.S. stocks turned lower yesterday as investors digested headlines suggesting progress toward a U.S.-China trade deal has stalled against the backdrop of weaker-than-expected Chinese economic data. The reports come against the backdrop of a grounding of a key Boeing jet and a Brexit saga playing out in the U.K.
U.K. lawmakers have voted in favor of seeking a delayed departure from the EU, marking another step in a political crisis that has ripped through the heart of England. Members of Parliament voted for an extension beyond its current March 29 deadline. The vote was non-binding, however, and the EU will have to agree to a delay. Brussels has already stated that Britain needs to justify requesting such an extension.
Sales of new homes in the U.S. dropped almost 7% in January, indicating the housing market has gotten off to a slow start in early 2019 amid a partial government shutdown and patches of unusually harsh weather. New-home sales declined to a 607,000 annual rate in January.
Flir Systems, one of the few big technology companies that still calls Oregon home, said Wednesday it will open a new headquarters near Washington, D.C. The defense contractor said it will still refer to its Wilsonville campus as a “headquarters” and will retain the 350 employees who work there. But the company’s top leadership, including its chief executive and chief financial officer, will work at the new, 65-person office in Arlington, Virginia.
With Northwest Quadrant Wealth Management, I'm Tyler Simones