Don and Galen Criqui


Don and Galen Criqui

7:00pm - 8:00pm

Business News

One of the more curious bankruptcies in recent memory just got a little odder with word that Hertz wants to sell up to $1B in shares following a sizable rally (a court ruling could come today). "The recent market prices and the trading volumes in Hertz’s common stock present a unique opportunity for the company to raise capital on more favorable terms than the strings-attached loans that many other bankrupt companies get," stated Hertz attorneys on the strategy. Hertz has been extremely popular among armchair investors over the last few weeks, with twice as many buyers snapping up shares than in Amazon or Microsoft. (CNBC)

Boeing's 16% drop yesterday contributed more than 230 points of the Dow Jones' 1,700-pont plunge as the plane-maker cut production plans for the 737 MAX just two weeks after restarting work in its Seattle-area factory. Key supplier Spirit AeroSystems, which was asked by Boeing to cut production on the MAX, and other suppliers also traded deep in the red. Less production in 2020 could mean the MAX timeline is slipping again or Boeing will deliver MAX jets at a slower rate than previously expected. (SA)

Quicken Loans, the largest mortgage lender in America, has filed to list on the stock market in what could be the biggest initial public offering of the year, following a recent run of flotations.  The Detroit-based mortgage powerhouse has filed confidentially with the US securities regulator, said people with direct knowledge of the plans, and a listing could come as soon as next month. (FT)


With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.

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  • SB Lane of 15th St. CLOSED >< Reed Market Road and Ferguson Road (8/4 – 11/30)
  • Butler Mkt Rd CLOSED >< 27th and Weeping Willow Dr RAB (8/11 – 9/30)
  • Single Lane Closures/Flaggers/Pilot Car at Old Bend-Redmond Hwy/Tumalo Rd Intersection 7am – 6pm (8/9 – tfn) RAB Construction