US Stocks traded higher last week on the back of some better than expected earnings reports.
The U.S. grew more slowly in September and is likely to remain soft in the months ahead, according to an index that measures the nation’s economic health. The leading economic index slipped 0.1% in September and fell for the second month in a row. The index fell mostly because of weakness among American manufacturers, whose sales have suffered from sluggish exports and disruptions in their supply chains caused by the U.S. trade war with China.
Coca-Cola shares popped amid a down market after the beverage company’s quarterly revenue beat Wall Street expectations, with healthier options like Zero Sugar soda and smaller size cans leading the way. The 2020 launch of a Coke energy drink competitor to Red Bull and Monster Beverage in the U.S. market could add as much as $200 million in sales.
According to local attorney Jeff Eager and the Eager report, in the last seven years, Bend has experienced as much economic and socio-economic change as many cities see in 50 years. In October 2012, the unemployment rate was 10.1%, now it's around 4%. The population was around 78,500 then; now there are around 20,000 more of us, all driving on Mt. Washington Drive at 8:30 a.m. each weekday.
With Northwest Quadrant Wealth Management, I'm Tyler Simones