An Oregon business icon has passed
An Oregon business icon has passed. Don Tykeson a pioneer in Oregon’s broadcasting industry was 90. At one time, he was the owner of Liberty Broadcasting in Eugene and until three years ago owned Bend Broad Band in Bend. Tykeson, was also a founding director of C-Span and grew up on a farm near Newberg. (Bend Bulletin)
With the first 30 company results in, S&P 500 companies are tracking to an 8.1% year-over-year increase, marginally above the 8.0% growth rate expected. Following Friday’s big bank reports, financials have produced a 6.6% upside surprise, above last quarter’s 5.5% upside surprise. (LPL Research)
Millions of Americans on Social Security are projected to receive a 2.2% increase or about $28 a month for the average recipient in 2018. This year Social Security recipients received an increase of 0.3%, after getting nothing in 2016. The last time they got a bigger increase was in 2012, when the hike was 3.6%. (SSA)
Goldman Sachs posted a profit of $3.95 per share in the second quarter, on revenue of $7.89 billion. Shares are off over 1% in early trading. (CNBC)
The S&P 500 is up 1 and the NASDAQ is up 9. The MSCI international index is higher.
Oil is up 67 cents at $46.69 a barrel.
Gold is up $3 at $1237 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.