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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 26, 2021
Page
12
Eastern Iowa stocks list shows gains for Alliant and PepsiCo while Deere and GenMills dip slightly. Arch Dan and Ingredion edge up modestly as Heartland Ex and MidWestOne edge lower on the session.
Federal officials warn travelers to avoid unruly behavior as TSA enforces its zero tolerance policy. The FAA reports 3 100 incidents this year with 60+ proposed fines totaling 563 800 dollars. Flight crews may be trained again to deter assaults amid rising disruptions.
A new Glendwood formed company plans a $325 million beef processing plant along Interstate 29 near the Mills Pottawattamie line in southwest Iowa. Construction starts next spring and ends by late 2023, processing 1,500 head daily with an estimated $1.1 billion annual impact and average wages around 55 000 dollars plus benefits. Officials call it an economic game changer for Mills and surrounding counties.
Wall Street closed higher led by Nike as the S&P 500 posted its strongest weekly rise since February. The Dow gained on Nike’s blowout earnings while FedEx slid after plans to boost spending. Cedar Rapids approved a $108.6 million warehouse project with tax incentives. yields rose.
The IRS rolled out three online tools to help families decide on monthly payments or opt out. Eligible families can receive up to 300 monthly for ages five and under or 250 for ages six to seventeen from July through December. The Eligibility Assistant estimates qualification using 2019 or 2020 returns, or income statements, while the Update Portal lets eligible families verify eligibility and opt out if desired. A non-filer tool helps those who don’t file a return register for the advance payments set to begin July 15.
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