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Lars Larson
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Lars Larson
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Business News


Investors watch for an S&P 500 close above 2,000 after breaking that level intraday on Monday.  International concerns in the Ukraine, Syria, and Libya are front and center today.(CNBC)  

Durable goods, a measure of capital spending, was up 22.6% on the back of aircraft delivers.  Take out transportation (read aircraft) and the number was down 0.8%. This is a very volatile number and should be looked at over the long-term. Overtime this number is consistent with a growing economy. (Associated Press)

The Securities and Exchange Commission has warned investors to avoid fraud involving marijuana-related stocks which scammers are promoting to cheat you. Four stock promoters with roots in Washington and Oregon have been charged with securities fraud after manipulating stock, including marijuana-related companies GrowLife and Hemp Inc.  Marijuana is currently a $1.5 billion-a-year industry, and is expected to triple in a few years. Medical marijuana is legal in 23 states. (Portland Business Journal)

Wells Fargo has relaxed its standards for jumbo, non-guaranteed, home loans. The largest U.S. mortgage lender is trying to combat an industry-wide drop in home mortgage volumes. The bank lowered the minimum credit score on these fixed-rate jumbo mortgages to 700 from 720.  This is part of a trend to loosen mortgage criteria that are still tight by historical standards. (Reuters)

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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