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Good Morning,
Stock market closed today in observance of President’s day, job gains all tied to education and healthcare, inflation lower than expected in January, Japanese Olympic skier finishes backwards, Canadian Olympic curler caught cheating, US in 3rd in overall Olympic medal count, stock market and job market still disconnected despite recored downward revisions.
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PNW Market Look
As of market close 2.13.26
Headline Roundup
Seattle unicorn Highspot merging with San Diego-based competitor (BizJournals)
Big jump in Montana short-term rental listings (Missoulian)
The Northwest’s only commercial nuclear power plant was manually shut down early on Thursday (2.12.26) morning (SeattleTimes)
Missoula County signs off on $7.9M Grant Creek development deal (Missoulian)
Seattle social housing developer’s tax haul may be over double estimate (SeattleTimes)
Newsom migration: Californians moved to Idaho in droves, jolting housing market (IDStatesman)
Eugene weighs new tax exemptions for housing developers (OPB)
Oregon’s Economy Has Lagged for Decades. Some Blame a Shrinking Workforce and Too Much Red Tape (WW)
(WA) Homes sales fell sharply in January, even as mortgage rates continued to ease (DJC)
Coal power in Washington Legislature’s crosshairs after talk of Centralia plant’s revival (KUOW)
US inflation rose 2.4% annually in January, less than expected (Ground)
Gianforte reminds Montanans to claim lower property tax rate by March 1 (DailyMontanan)
Rampand AI Demand for Memory Is Fueling a Growing Chip Crisis (BBG)
Revised Labor Department figures show hiring in 2025 was lower than reported (NPR)
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Rip’s Spotlight
Fugitive Oregon politician likely planned disappearance for weeks as legal pressures mounted (ORLive)
“It’s been more than three months since the disgraced former Clackamas County commissioner gave authorities the slip. The Oregon Department of Justice still hasn’t found her…
When she vanished last October with her school-age son in tow, Fireside left behind a mess that included ruined relationships and a trail of financial dealings that her sister says included exploiting their 78-year-old mother.
Prosecutors have accused Fireside of coaching Petrone on how to reset his bank account login and posing as Petrone in emails to get loans.
They allege she forged Petrone’s signature and that of state Rep. April Dobson, D-Happy Valley, on various documents. Dobson said she had loaned Fireside money and that authorities later told her about problems with the “source of the money” Fireside used to repay her.
The investigation did not become public until after Fireside won the election. She served just two months in office before resigning last March”
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