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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 19, 2022
Page
8
Netflix is due to publish its first quarter results indicating lower earnings and rising revenue from the prior year. The firm ended 2021 with 18.2 million new subscribers, the slowest annual growth in five years after a 2020 surge of over 36 million. revenue remained strong as earnings dipped.
The Commerce Department is set to report that last month builders started 1.75 million housing units at an annual rate, down from February’s pace. Demand remains strong but higher mortgage rates are straining homebuyer affordability.
Wall Street anticipates Johnson & Johnson will report a first quarter earnings dip from a year earlier while revenue rises. Analysts note solid annual growth in 2021 amid rising prescription demand and ongoing health care momentum.
Commodities closed higher with natural gas up 7.1 percent and US crude oil up 1.2 percent. Heating oil rose about 1 percent while wholesale gasoline held flat. Gold and silver advanced. A Columbia University law professor called Twitter's poison pill defense a showstopper for any potential buyout by Elon Musk.
On Monday stocks closed mixed with the S&P 500 tiny red and the Dow and Nasdaq each down 0.1 percent as investors fretted about rising rates and stubborn inflation. Natural gas surged over 7 percent while financials and energy stocks tracked the wider market drift. SYF traded at 52.49 with a 10.4 million volume, market cap around 20.3 billion and a 2.2 percent yield.
Journal-World examines the five year capital improvement plan at KU noting four large additions the Wellness Center Student Success Center Robinson Center and major future ambitions. Other maintenance projects include hall restorations and parking lot reconstructions while large unfunded or unfinished projects remain such as a 385 million cancer research building and a 199 million brain health building at the Medical Center.
Witnesses described a late night confrontation outside a club where Vincent was punched and shot in the parking lot. Rayton faces aggravated battery and attempted murder charges with a $500,000 bond while awaiting Sept. 12 jury trial.
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