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IBM has worst trading day since 2000, FedEx et al suing the government over tariffs, Portland multi family market sees signs of life, Nick Reiner pleads not guilty to murdering parents Rob and Michele Reiner, viral doomsday paper wipes out billons from the stock market, mortgage rates dropping on slumping housing market.
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PNW Market Look
As of market close 2.23.26
Headline Roundup
Northestern Energy: 11 more data center firms eyeing Montana, South Dakota (Missoulian)
‘Too much change’: Measures to cut Idaho housing costs stumble in Statehouse (IDStatesman)
Multnomah County Homeless Services weighs cutting 675 shelter beds amid funding shortfall (Katu)
Documents Show Portland Psychiatry Firm Received Tens of Thousands of Dollars From Jeffrey Epstein (WW)
Amazon to help fund 146 Bellevue units, all affordable, near Mercer Slough (DJC)
New neon lights the way to Pike Place Market (DJC)
(OR) Local Entrepreneur Launches New Business to Revolutionize the Real Estate Market (SBJ)
‘Our own code’: House Business Committee rejects proposed Idaho building code after more than a year of hearings (BoiseDev)
(ID) More downtown demolition, and then: Here’s what’s planned for Jefferson Street (IDStatesman)
Idaho Power to sell its Eastern Oregon service area in $154M deal (IDStatesman)
Portland multifamily rebound? Data hints at recovery (BizJournals)
Viral Doomsday Report Lays Bare Wall Street’s Deep Anxiety About AI Future (WSJ)
US software and private capital shares hit with fresh wave of selling (FT)
WA Democrats drop push for business tax to cover Medicaid costs (WSS)
Montana’s largest mine wins trade case, sees palladium prices rebound (DailyMontanan)
Billings Heights Business Association is back in action (BillingsGazette)
Six-figure salaries aren’t enough in some cities. Here’s how Portland compares (Koin)
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Rip’s Spotlight
Eugene groups propose climate tax to mirror Portland’s (OPB)
“On Monday, a coalition of Eugene-based environmental groups announced the launch of a campaign to create the Eugene Clean Energy Fund. The fund would impose a 2% tax on local gross profits of larger retailers earning more than $1 billion in profits within the United States.
Initiative supporters estimate the tax would bring in about $15 million a year. That money would fund renewable energy and energy efficiency programs, renewable energy job training, and green infrastructure programs, Breach Collective Oregon energy transition organizer Aya Cockram said.
Portland’s Clean Energy Fund, known as PCEF, was implemented in 2019, and is expected to generate $1.7 billion through mid-2029. The fund has had so much financial success, it’s helped fill in budget gaps for some city bureaus engaged in climate-related work. Portland has also transferred interest earned on climate fund dollars into the city’s general fund. These dollars all come through a 1% tax on larger retailers”
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