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Microsoft data centers in Middle East struck by Iranian missiles, HP to leave Boise location, Kristi Noem fired, US House supports Trump on Iran plans, Newport, WA scammed out of $330k, Les Schwab adds first outside CEO.
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PNW Market Look
As of market close 3.5.26
Costco (NASDAQ: COST) reported second quarter EPS of $4.58, $0.03 better than the analyst estimate of $4.55. Revenue for the quarter came in at $69.6B versus the consensus estimate of $69.25B.
Costco’s stock price closed at $982.57. It is up 9.82% in the last 3 months and down -4.29% in the last 12 months
Alaska airlines stock drops nearly 10% in a day, likely due to increasing oil prices tied to Iran war
Headline Roundup
Les Schwab’s new CEO will be the first outsider to lead the tire dealer (ORLive)
Montana Hot Spring Heading to Auction (EliteAuction)
Seattle Metro Chamber CEO says diversification is key for future economic growth (Fox)
HP SAYS IT WILL EXIT BOISE SITE (BD)
Labor market impacts of AI: A new measure and early evidence (Anthropic)
(WA) Sahalee Country Club sells for $11M (DJC)
Tacoma approves new development charges to fund wastewater, stormwater infrastructure (DJC)
What you need to know about Sen. Markwayne Mullin, Trump's new pick to lead DHS (KUOW)
Top companies in Treasure Valley named for 2026 (IBR)
Montana Sen. Sheehy involved in physical altercation between Capitol police and protester (HelenaIR)
Scentsy again lays off employees in Meridian (BD)
Mideast war hits Seattle-area housing market’s hope for lower rates (ST)
Compromise keeps recreation waiver reform alive in Legislature (PBJ)
The National Observer: Biotech winter may be starting to thaw (PBJ)
Idaho lawmakers move to expand ‘sexual contact’ definition to hold prison staff accountable (Ground)
Flooded coal mine under Bellingham could become heat source for college (CD)
Small WA city reports $330K of funds lost after scammers impersonate insurer (WSS)
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What’s up with that?
‘Pretty egregious conduct’: Attorney says WA DOL knew about massive data breach for 6 years, downplayed severity (MNW)
“Joel Ard, an attorney with Ard Law Group, is representing William Black, who filed a lawsuit against the DOL claiming the agency knowingly allowed a major security flaw in its License Express system, potentially exposing the personal information of every resident with a Washington license or state ID. Such an exposure could lead to severe consequences for residents, including stolen identities, stalking, and voter fraud.”
Rip’s Spotlight
Reddit user highlights just how bad the Trailblazers stadium deal is for Oregonians (Reddit)
“Zero rent. Zero private capital. A tax boundary drawn by the private party. A negotiator whose findings are advisory only. A franchise worth $4.25 billion is getting a $1 billion public renovation and giving nothing back.
This isn't about whether the Blazers should stay. They should. This is about whether Portland should hand a billionaire $1 billion with no conditions, no rent, and no precedent anywhere in the league.”
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