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Business News

US Personal Income Up to Second Month


So how is that idea of “sell in May and go away” working for you?  On the last day of trading for May the S&P 500 is up 2.2% for the month and 3.88% for the year.  Any up finish today will put us at a record close to end the month. (CNBC)

US personal income rose 0.3% in April and consumer spending fell 0.1%.  (Associated Press)

Precision Castparts, Titanium Metals Corp, will pay a record $13.75 million fine for unlawful manufacturing and disposal of hazardous materials.  This is the largest fine for a single facility in EPA history. (Portland Business Journal)

There may be a surge in winery sales as more owners are looking to cash in on skyrocketing vineyard prices according to a new bank study. Over 10% of Oregon’s 525 wineries say they will sell in the next five years. (Oregon Live)

Under the category of … … “why do medical costs keep rising” … … 2.1 billion people, one-third of the world population is obese or overweight.  That is a threefold increase since 1980. The US has 13% of all obese people, followed by China and India with 15% combined. (Bloomberg)

Join us Saturday at 10 on Financial Radio when we will put you on our wealth building counseling couch and talk about money and your emotions.
 


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