Business News

April retail sales showed a strong 6% year-over-year increase and showed their biggest one month gain since 2011.  Of those reporting individually, Costco led the pack with an annualized 5% increase in sales. (Market Watch)

Apple will unveil the iPhone 6 in August which will reportedly have a bigger screen.  It is projected Apple will sell 80 million of the new phones in 2014.  Also Apple is also reportedly in talks with Dr. Dre to buy the Beats headphone brand. (Reuters)

Only 13% of Americans say home ownership is a top long-term goal according to a new survey, down from 17% in 2011.  A majority of those surveyed, 50%, say saving for retirement is their main goal up from 43% three years ago.  (Market Watch)

The number of Americans older than 65 years will double by 2050 to 84 million.  At that time there will be more seniors than those 18 and younger.  These demographic changes will have huge impacts on our economy and potential immigration policy.  To see some of the potential pluses and minuses one only has to turn their eyes to Japan that is currently living through this population shift. (Market Watch)

Join us Saturday at 10 for Financial Focus when our guest will be Linda Baker, Editor, of Oregon Business Magazine




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