Oregon is known for loving recycling, but China’s decision to ban the importation of many types of recyclable materials has had a major impact across the state. With China out of the picture the price for many recyclables has plummeted, which ultimately will mean that more recyclables are placed in the landfill or consumers will foot more of the bill to recycle. (Eager Law)
Americans spent $230 million on doughnuts last year. According to Square, Inc., nearly 100 million were sold in the U.S. in 2017. Americans spent 37% more on doughnuts last year over the previous year.
US companies are set to pour $2.5 trillion into buybacks, dividends and M&A this year according to UBS.
The moves should help boost a stock market that has been stuck in neutral for much of the year. May set a record for share repurchases. UBS expects dividend issuance to top $500 billion, buybacks to range from $700 billion to $800 billion, and M&A to constitute about $1.3 trillion.
McDonald’s will upgrade 1,000 stores with kiosk and mobile order technology every quarter for the next eight to nine quarters. They are exploring delivery in the U.S. (CNBC)
S&P 500 is up 1 and the NASDAQ is up 13. The MSCI international index is higher.
Oil is down 45 cents at $64.30 a barrel.
Gold is down $2 at $1255 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart