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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 13, 2024
Page
8
Home Depot reports earnings before the bell as sales continue to soften from high mortgage rates and inflation. The nation’s largest home improvement retailer has seen three straight quarterly declines and analysts expect the trend to persist into the second quarter.
Commodities closed higher with U.S. crude up over 4 percent and wholesale gasoline heating oil and natural gas rising more than 2 percent. Gold and silver also gained. The market mood holds optimism about inflation readings in coming months.
Markets drifted through a calm session as major indices moved modestly. The S&P 500 was little changed, the Dow fell 0.4 percent, and the Nasdaq rose 0.2 percent amid broad global stabilisation following a turbulent week.
US equity markets largely fell with a broad downturn across major indices. Nvidia bucked the trend with a sharp rise helping limit losses while European and Asian markets stayed quiet and the yen weakened, easing some global market pressure.
JD Vance endorses former president Trump’s demand for presidential input on Federal Reserve interest rate policy. Economists warn that political influence risks inflation and erodes confidence in the global financial system. The piece notes long-standing belief in Fed independence from elected officials to avoid manipulated rates.
Google.org flash funded a $10 million push to finance high school wellbeing projects on the DonorsChoose crowdfunding platform. With Selena Gomez aiding efforts, the move aims to center mindfulness as a classroom goal at the new school year, though experts note overall philanthropy remains flat for mental health.
Blink Fitness, an Equinox owned gym chain with over 100 locations based in New York, files for Chapter 11 to facilitate a sale. The company says gyms remain open and operations will see limited impact while seeking court approval for $21 million in new financing. Employee wages and vendor payments should continue.
Summary of footnote codes for stock dividends and related rates including a extra dividends not included b annual rate plus stock c liquidating dividend e amount declared or paid in last 12 months f current annual rate increased by latest dividend i sum of dividends after stock split and this year j most recent dividend omitted or deferred k declared or paid this year with arrears m current annual rate decreased by latest dividend p initial dividend with unknown rate and yield r dividends in preceding 12 months plus stock dividend t paid in stock with approximate cash value q closed end fund no P E ratio shown cc P E exceeds 99 old loss in last 12 months.
The city outlines rising 2023 expenditures and 2019-2023 growth in housing, culture, safety, and water and sewer rates. Spending on public safety topped 69.62 million in 2023, while property taxes reached 48.9 million and water and sewer revenue hit 62.3 million. The city builds cash reserves, with a water and sewer fund balance around 144 million and a target 250 days of expenses in reserve. Grants dropped from 77 million in 2019 to 22.6 million in 2023, highlighting grant funding uncertainty as infrastructure ambitions continue.
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