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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 08, 2024
Page
8
The Commerce Department releases its final June wholesale inventories tally. Economists expect a 0.4 percent rise from May, which followed a 0.6 percent increase in May. Rising stockpiles signal higher orders and potential boosts to factory output and growth.
U.S. stocks retreated as a morning rally faded with the S&P 500 down 0.8 percent. The Dow snapped losses amid ongoing volatility that has rattled markets globally over the past week.
Airbnb stock slipped after a revenue forecast for the current quarter fell short of expectations. The company posted a close near 113.01 with a 13.4 percent change, while the reported figure stood around 160.
Conservative Joses Pyle drew 20 000 votes as an independent against Kelly and Schmidt, sending tremors through the Kansas GOP after clashing with leaders over redistricting and losing Senate committee assignments. Bowser won the primary as Pyle declined to comment. Democratic nominee Nancy Boyda credited voter desire for an independent, moderate figure for her narrow 2nd district win while praising primary rival Matt Kleinmann for widening the race’s dialogue on housing health care and the economy.
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