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Business News


It’s the last trading day of August and then it is on to fall trading. U.S. stocks are higher this morning shrugging off concerns about the Ukraine. The S&P 500 is poised for its first four-week win streak of the year. (CNBC)

The July numbers on personal income and consumer spending show a 0.2% increase in income following a 0.4% rise in June, and a 0.1% decline in spending after June’s 0.4% increase. Both of these numbers were weaker than economists expected. (Associated Press)

U.S. home buyers signed more contracts to buy existing homes in July. Interest rates are lower than they were a year ago, price growth continues to moderate and total housing inventory is at its highest level since August 2012. Sales in the West rose 4.0% from June, but remain 6.0% below July 2013. (CNBC)

The Securities and Exchange Commission has launched a broad examination of alternative mutual funds, one of the hottest and most controversial investment products being offered to small investors. Alternative funds, describe a class of mutual funds that employ hedge-fund-like strategies, including betting on some stocks and against others, trading futures contracts and using derivatives to increase leverage. (Market Watch)

 

Traffic & Weather

 

 

 

 

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

 

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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