Good morning. Time for some Five Things for Thursday.
A trio of public companies with local connections reported earnings Wednesday. The results included one clear winner while the other two reported some headwinds. Dutch Bros (NYSE: BROS) beat Wall Street, upped its outlook and enjoyed a 15% share price jump this morning. Meanwhile, Adidas still is dealing with fallout from its break with Kanye West and Nautilus (NYSE: NLS) is struggling to get back some of its pandemic success.
Sticking with Adidas for a minute, the apparel maker faced an expensive headache with the antics of its brand partner, now known as Ye. And it dragged the pain out for weeks. Meanwhile, Nike (NYSE: NKE) faced a similar problem with Nets guard Kyrie Irving, but it just did it and ended its relationship. The Wall Street Journal analyses the two contrasting approaches.
Paul Allen, the late Microsoft co-founder and Trail Blazers owner, knew how to spend his many billions. And some of it was on some pretty nice art. His collection went on the auction block and fetched another billion-plus.
The ballots are still being counted from Election Day, but one vote that had a clear outcome was charter reform for Portland city government, which will have an expanded council, ranked choice voting and a stronger city administrator.
It’s report card time for Oregon high schools. Want to know the best (according to education website Niche.com)? We ranked the top 35.
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