ON AIR NOW

First Light

2:00am - 3:00am

Contact
Business News


A surprising party has joined the race for TikTok, as Walmart joined forces with Microsoft to buy the U.S. assets of the popular short video app. The bid could total $30B or even more, and as odd as that coupling seems, CNBC reports that Walmart originally sought majority ownership of TikTok in a consortium with Alphabet and SoftBank. "We believe a potential relationship could provide Walmart with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising businesses," the company said in a statement. Oracle is another U.S. company vying to acquire the assets of TikTok, and parent ByteDance is expected to pick a bidder to enter into exclusive talks as early as today. (SA)


Gold and silver have outshone most assets, but another commodity is shaping up to be this year’s best performer: lumber.  Prices for the wood have hit a record high after demand surged as homeworking as a result of Covid-19 spurred a wave of renovation projects, from fences to sheds, at a time when inventories were running low.  Lumber prices have soared 104 per cent this year — almost four times gold’s percentage increase — to $828 per thousand board feet. In early August, prices broke through the previous record of $651 set in 2018 when harsh winter weather in Canada caused transportation problems for months. Last week alone, they gained 13 per cent. (FT)

 

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

Hide Comments

News
Traffic

 

 

  • 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

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER