A Chronic Inventory Shortage

U.S. existing home sales rose in May by 1.1% to its third highest level in a decade. A chronic inventory shortage pushed the median home price to an all-time high. The number of homes on the market was down 8.4% from a year ago. Housing inventory has dropped for 24 straight months on a year-on-year…

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FedEx quarterly earnings

Happy Summer! CNBC reports that most small businesses still rely on word-of-mouth advertising, and 45% said they do not have a website. Only 36% of the small businesses surveyed use a business website to communicate news to customers and potential customers. The publication Advanced Manufacturing reports April U.S. cutting tool consumption totaled $168 million, with…

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Uber is losing U.S. market share

Vancouver-based Papa Murphy’s Pizza has hired former Dunkin’ Brands executive Weldon Spangler as its new CEO. He brings 30 years of experience with companies like Starbucks and YUM, serving most recently as senior vice president for Canton, Mass.-based Dunkin’ Brands Group, where he oversaw the Baskin Robbins ice cream brand in the U.S., Canada and…

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Homebuilding slowed for the third straight

Bend-based Humm Kombucha has received its first institutional investment of $10 million from San Francisco-based VMG Partners. The company employs approximately 50 workers and will use the funds for expansion. Humm makes fermented tea in a 40,000 sq ft production facility. Their product is available in all 50 States. Costco in the Northwest and the…

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Scandals continue at Wells Fargo

Looking deeper into what the Fed told us on Wednesday they reduced their projection for inflation from 1.9% to 1.7% in 2017. They raised gross domestic product projections from 2.1% to 2.2% for 2017 and lowered the projection for the unemployment rate from 4.5% to 4.3%. (LPL Research) The scandals continue at Wells Fargo. Officials…

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Inflation over the past 12 months slowed

In the first quarter of 2017, 400 U.S. CEOs surveyed by KPMG said they are “highly confident” in America’s growth engine over the next three years and see the U.S. as a top growth market. They credit this to harnessing the power of disruptive technologies like artificial intelligence and machine learning, as well as fending…

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