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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 15, 2022
Page
8
Netflix is set to report a first quarter where earnings are expected to fall and revenue rise from the year before. The company added 18.2 million subscribers globally in 2021, its slowest annual growth in five years after a blockbuster 2020 with over 36 million new subscribers.
The National Association of Realtors releases its latest monthly snapshot showing U S existing home sales likely cooled to a seasonally adjusted annual rate of 5.73 million last month. This follows February’s 6.02 million, as limited supply and higher mortgage rates deter buyers.
Wall Street expects American Airlines to report a smaller loss for the first quarter, driven by higher revenue, even as fuel and labor costs rise. Bookings are rebounding ahead of summer travel while the carrier adds workers after earlier operational struggles.
A widely reported hostile bid moves toward a Musk led acquisition of Twitter. The plan envisions Musk gaining control of the social media platform through a aggressive corporate action potentially changing leadership and strategy.
Wall Street closed lower as four large banks posted mixed first quarter results and deal activity slowed amid volatile markets and the Ukraine war. The S P 500 and Nasdaq slipped while the Dow fell on a shortened week. Rite Aid and U S Bancorp shares moved with earnings and forecast updates.
The Kaw Valley Kickball League hosts a Yard and Plant Sale at 1036 Connecticut St from 8 a.m. to 3 p.m. Proceeds go to charity. Easter Egg Roll with Dole starts at 10 a.m. at the Dole Institute of Politics 2350 Petefish Drive with egg hunts crafts games story time and a White House style egg roll race. Email doleinstitute ku.edu or call (785) 864-4900 with questions.
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