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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 06, 2022
Page
8
Wall Street expects Levi Strauss & Co to post higher first quarter earnings and revenue, reflecting an improving trend from a year earlier. The jeans maker delivered solid year end results despite supply chain pressures and higher costs, with today’s quarterly report card highlighting continued growth.
Markets closed lower and bond yields jumped after a Federal Reserve governor’s remarks fueled expectations of more aggressive rate increases. Stone Point Capital agreed to buy the health program administrator for about $2 billion, signaling consolidation in health services.
U.S. stocks eased after inflation data. the S&P 500, Dow, and Nasdaq retreated while smaller caps fell harder. The S&P 500 trades on pace for a weekly loss as CME closes at 237.46, down 2.87. CME plans a new micro metals product next month, pending review. Facilities brand Close at 170.12, down 14.95. Lighting maker cites global component shortage ongoing challenges.
Jackson receives 59 months with 245 days credit, 36 months post release supervision, and must register as a violent offender. Judge Huff approves plea terms while Sara Brackman notes agreement as appropriate. Co defendant Martinez Diaz awaits trial April 11 as Nehrbass and Romero testified about the North Lawrence shooting and pursuit.
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