Stocks rose yesterday, erasing most of the steep losses from earlier in the week, as global bond yields rebounded while investors digested better-than-expected trade data out of China.
Uber shares plunged 12% after the ride-hailing service reported second-quarter financial results. The company lost $5.24 billion in the quarter. Now, Uber must convince investors that it is on a path to profitability with a realistic long-term plan for generating returns for investors
In Denmark’s $495 billion mortgage-backed bond market, another milestone was reached as Nordea Bank said it will start offering 20-year fixed-rate mortgage loans that charge no interest. The development follows an announcement earlier in the week by Jyske Bank, which said it will start issuing 10-year mortgages at a coupon of minus 0.5%. Danes can also now get 30-year mortgages at 0.5%, and Nordea recently adjusted its prospectus to allow for home loans up to 30 years at negative interest rates.
Semiconductor materials specialist JSR Micro says it plans to build a $100 million factory in Hillsboro and begin production there sometime next year. JSR is a Japanese petrochemical company. JSR didn’t say why it chose Oregon, but Hillsboro is home to Intel’s Ronler Acres campus, Intel’s most advanced production site.
With Northwest Quadrant Wealth Management, I'm Tyler Simones.