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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 13, 2022
Page
8
The Labor Department releases its monthly producer price index showing a seasonally adjusted 1.1% rise from February. The report also notes wholesale inflation surged 10% in February from a year earlier, underscoring persistent price pressures before goods reach consumers.
Eye on Delta Air Lines delivers its first quarter results today. Wall Street expects a smaller loss for January March than a year ago and sharply higher revenue. Investors await bookings trend into the summer travel season and the impact of rising oil prices on the company.
Lamont White of Borgata in Atlantic City laments being treated as numbers as casino workers press to end the state indoor smoking exemption. The statewide ban on indoor smoking has been in effect for 16 years, with casino workers seeking full coverage.
Stocks edged lower on Wall Street after a March inflation reading suggested a slower pace, though prices remain at 40 year highs. The S&P 500 and broad indexes faced pressure as investors weighed the latest data and its implications for monetary policy.
Kansas lawmakers approve a bill nullifying sanctuary ordinances and barring local IDs for voting. Governor hopeful Schmidt praises the move to restore law enforcement ties with federal immigration authorities while critics warn it excludes vulnerable residents and residents with disabilities from voting.
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