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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 18, 2023
Page
8
Estee Lauder Cos. reports quarterly results as Wall Street anticipates a loss for the fiscal fourth quarter ending in June. The downbeat year follows weaker profit and sales in the prior three quarters. The firm completed the Tom Ford acquisition in April for 2.8 billion dollars.
Demand has been impacted by affordability headwinds but low inventory remains the root cause of stalling home sales. The note highlights persistent buyer strain and tight supply shaping market activity this period.
Stocks slide for a third straight day as rising bond yields weigh on valuation. The S&P 500 falls 0.8 percent, the Dow down about 290 points, and the Nasdaq loses around 1.2 percent as August risks its worst month of the year and the 10 year yield climbs to 4.28 percent. CVS
In Wichita, Atkins received 155 months in prison suspended to five years probation after the judge cited Atkins’ age cognitive limits and family support. Neuropsychologist Gregory Navalanic testified Atkins lacks mental maturity and probation may aid rehabilitation. The state intends to appeal the sentence. the appeals court sent the case back for reconsideration before July 24, then affirmed the sentence.
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