Shares in the world's biggest sportswear maker, Nike, surged as much as 5% to an all-time-high after their earnings results showed its margins soaring and sales up 42% through apps and websites it has developed under its Nike Direct strategy. That signaled an end to a rough period marked by strong competition from German rival Adidas and prompted at least 11 Wall Street brokerages to raise price targets on its stock far above a current $87.
The Federal Reserve is expected to resume its balance sheet expansion in response to demand for bank reserves. The central bank is reacting to a crunch last week in the overnight lending markets that sent short-term borrowing rates for bank’s surging. In doing so, the Fed will be embarking on a different kind of program from the asset purchases used to pull the economy out of the financial crisis. The Fed’s goal is for the overnight rate for loans stays constant at 1.75%-2%.
According to attorney Jeff Eager and the Bend Entrepreneur Report the number of new Bend businesses registered with the Oregon Secretary of State May through August 2019 (1,099 businesses) is down 9.5 % versus the same timeframe from 2018, and about on par with registrations from that timeframe in 2017. Bend continues to have more businesses registered per capita compared to any other large-ish Oregon city other than Keizer. Furthermore, the rate of registrations in 2018 was probably unsustainable, given labor and real property constraints.
With Northwest Quadrant Wealth Management, I'm Tyler Simones