Business News


US Stocks rose yesterday after President Donald Trump said he will meet with Chinese Vice Premier Liu He today, raising hope the two countries could make progress on the trade front.
 
Applications for U.S. unemployment benefits fell in the first week of October and clung near a 50-year low, suggesting that layoffs still haven’t risen much even as hiring and the economy have slowed.
 
Consumer inflation in the U.S. was held in check in September by falling prices of gasoline and used vehicles, giving the Federal Reserve further cause to cut interest rates if the economy gets any weaker.
 
Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection.  The increase amounts to $24 a month for the average retired worker, according to estimates released by the Social Security Administration.
 
PepsiCo reported better-than-expected earnings, sales and organic revenues in the third quarter thanks to high returns from investment in marketing and advertisements. Further expansion in the company’s portfolio and ramp up of production facilities will help it grow in the near future.  The company has had record high sales in nine out of the last 11 quarters.
 
With Northwest Quadrant Wealth Management, I'm Tyler Simones
 

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