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Bitcoin breaks 70k, Costco surpasses Walmart as cheapest grocery provider in US, Morgan Stanley cut 3% of workforce, Idaho and Montana gas nearly $1 less than Washington, Apple launches $599 Macbook Neo, Judge orders $130B in tariffs be refunded, Burger Wars heat up.
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PNW Market Look
As of market close 3.4.26
Costco reports earnings tomorrow after hours 👀
Nike and Lululemon report later this month
X thread worth reading on one of the most interesting investors in the modern era (click to read the whole thing);
Headline Roundup
Oregon Senate OKs $365 million for Moda Center revamp (OPB)
$155M bond proposal targets trail and greenway projects across Tacoma (DJC)
The World Cup is coming to Seattle. Will it actually pay off for local businesses? (KUOW)
Under interim president, Boise State to cut one college, merge two others (BoiseDev)
Plan to add 1,700 acres of Hillsboro industrial land dies in Legislative committee (ORL)
Iranian drone strikes on Amazon data centers highlight tech’s exposure (ST)
Nuclear reactor backed by Bill Gates gets federal OK to start building (ST)
Oregon wine's economic impact, even at $8.5B, is ebbing, report shows (PBJ)
PacifiCorp faces new S&P credit rating risk after $305M Oregon wildfire verdict (PBJ)
Portland Opera launches $5M emergency fundraising campaign (PBJ)
Portland development charges waiver appears to be spurring housing, report says (PBJ)
(WA) Public hospital district effort gains momentum, but faces long road to ballot (CD)
Puget Sound Energy proposes more power rate increases (CD)
Trump signs agreement with Big Tech to cover data center electricity costs (Ground)
Judge Orders Government to Begin Refunding More Than $130 Billion in Tariffs (WSJ)
Less snow, new strategies: How Bitterroot businesses are adapting to weather uncertainty (BG)
Cd'A Council approves annexation for proposed subdivision (CDAP)
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Rip’s Spotlight
Portland’s hefty fines harm short-term rental operators, report finds (OPB)
“The city’s fines are “at least 27 times higher” than any other city, according to the ombudsman’s office.”
“It was deeply upsetting,” said Mullan, 65, who had to take out a loan to cover the cost. “I was trying to play along. And they were trying to take advantage of me. I realized I wasn’t dealing with a city, I was dealing with the mob.”
“The ombudsman’s office was first alerted to issues like Mullan’s back in 2024, when a rental operator reached out after receiving a $115,000 fine. In that case, the operator had a Happy Valley address and didn’t believe they were subject to Portland’s program or permit requirements. Yet the city determined the property was in Portland city limits. They received no warning before being fined.”
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