The Planning Process: Education Funding

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Anchorage, AK 99503
ph: 907.561.3187
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Latest News

Financial and Economic Brief - October 17, 2017

• Bright Outlook for Economy - Federal Reserve Chair Janet Yellen said she had a bright outlook for the U.S. economy and for inflation forecasts in the coming months.

• Tesla Model 3 Production Slows - According to reports, Tesla dismissed several hundred workers because the company is off to a slow start in manufacturing its Model 3 electric car.

• Indexes Hit Records - Wall Street indexes hit records at the open on Monday on gains in financial and technology stocks even as investors awaited earnings reports this week.

Financial and Economic Brief - October 10, 2017

• New “Bubbles” to Emerge? - According to German Finance Minister, Wolfgang Schaeuble, volatile loans and mounting global debt could lead the world into another economic crisis.

• Walmart Announces Buyback - Walmart announced a $20 billion share repurchase program to replace its existing plan and shares were up more than 2% in premarket trade on the news.

• Spanish Separation Affects European Stocks - World shares achieved a record high on Tuesday, although European shares traded “cautiously” as markets waited to see whether Spain’s Catalonia region would push for independence.

Financial and Economic Brief - October 3, 2017

• Consumer Spending Flat in August - According to the U.S. Commerce Department, consumer spending only rose 0.1% in August as Hurricane Harvey “weighed on” auto sales and unseasonably mild temperature reduced demand for utilities.

• Dow Soars for 8 Quarters - The Dow climbed 5% during the third quarter, which stretched its streak to eight winning quarters.

• Construction Spending Increased in August - U.S. construction spending increased in Aug. by 0.5% after two months of declines, helped by strength in home building, nonresidential construction & state and local government construction.

Financial and Economic Brief - September 19, 2017

• August Retail Sales Fell More Than Expected - According to The Commerce Department, U.S. retail sales fell 0.2% in August, more than forecasted, suggesting “moderation” in consumer spending in Q3.

• Gas Prices Coming Down… Slowly - Prices jumped 32 cents a gallon in two weeks as refineries in the Houston area were closed.

• Northrop Grumman to Buy Orbital - U.S. defense contractor Northrop Grumman Corp said on Monday it would buy missile and rocket maker Orbital for $7.8 billion in cash.

Financial and Economic Brief - September 12, 2017

• Gas Prices Rise after Harvey - After Hurricane Harvey the average price of gasoline rose, prompted by oil refinery closures..

• ARAMCO IPO Still on Track - Saudi Arabia is still on track to sell part of its oil company ARAMCO on the stock market in 2018 despite changes to its economic revival plan.

• BP Files for IPO - British energy company BP filed for an initial public offering of its pipeline assets in the U.S.