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Business News

Labor Market Continues to Improve


The S&P 500 was flat yesterday and today looks to stage an early morning comeback.  Earnings season for companies continues to be strong as profits for the S&P 500 are on track to climb almost 10% from last year.  (CNBC)

Second quarter economic growth in the US is expected to be revised up from 4% after the US trade gap fell 7% as oil imports slow.  The trade deficit is the lowest since January and oil imports are their lowest since 2010. (Bloomberg)

New unemployment claims for the week were down 14,000 to 289,000.  That is another cycle low showing the labor market continues to improve.  (Fox Business News)

Northwest fitness equipment maker Nautilus reported a profit of $600,000 in Q2.  Sales increased 34% with higher sales in both the direct and retail segments. The stock is trading at 52-week highs. (Business Wire)

Northwest Natural Gas saw earnings decline on lower revenues and higher expenses in its gas storage business, while its utility operations generated higher margins. The company posted a $1.1 million quarterly profit down about half from the same time last year. (Market Wired)

Computer chip sales hit a record of $27.6 billion in June.  For the 2nd quarter, global semiconductor sales were up 10.8%. Sales in the first half of the year were up 11.1%.  (Semiconductor Industry Association.)
 


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