The least volatile September ever?

The least volatile September ever? This month has been calm by historical standards, which is similar to what we’ve been seeing all year in 2017. The average daily intraday closing range on the S&P 500 (from high to low) has been less than 0.4%. Should this average hold over the next couple days, it would…

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Nike had its slowest quarterly sales growth

The S&P CoreLogic Case-Shiller U.S. National Home Price reported a 5.9% annual gain through July. Seattle, Portland, and Las Vegas reported the highest year-over-year gains. Seattle led the way with a 13.5% year-over-year price increase, followed by Portland with a 7.6% increase, and Las Vegas with a 7.4% increase. The National Index posted a month-over-month…

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Welders at Precision Castparts

Stocks are higher this morning following yesterday’s tech-driven drop. The Nasdaq is coming off its biggest one-day decline since August 17th, even as the small-cap Russell 2000 posted a record closing high. The Dow is riding a three-day losing streak, and a decline today would give it its first four-day decline since late June. (CNBC)…

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Striking a blow for consumer choice

General Electric has sold its Industrial Solutions unit to Swiss power grid maker ABB for $2.6 billion. (AP) Striking a blow for consumer choice, General Mills, the producer of the multi-colored cereal Trix, will be bringing back the original, artificially-colored version after customers complained. “Classic Trix,” which is colored artificially, will sit on store shelves…

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Walgreens has approval to buy Rite Aid

Walgreens has approval to buy Rite Aid. They will buy 1,932 Rite Aid stores for $4.38 billion. With the addition of the Rite Aid stores, Walgreens will have about 10,000 locations in the U.S.. Integration will begin in October and be completed in the spring of 2018. The remaining 1,200 Rite Aid stores will go…

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Amazon will open another fulfillment center

Amazon will open another fulfillment center in North Portland in 2018, creating 1,000 full-time jobs. That is in addition to the opening of fulfillment centers in Troutdale and Salem next year along with another 2,500 jobs. The Portland facility will be 918,400-square-feet. (OregonLive) NORPAC Foods officially notified Oregon employment officials the company will close its…

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