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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 10, 2020
Page
8
Economists forecast the Labor Department CPI to rise 0.9 percent in November, slowing from 1.1 percent in October and 1.4 percent in September. Core inflation excluding food and energy was 1.6 percent in October, with both readings under the Fed's 2 percent target.
Home sharing platform Airbnb plans a Nasdaq debut under ABNB after delaying its IPO due to the pandemic. The company expects to offer 51.9 million shares priced at 44 to 50 dollars each, backed by more than 7 million listings and 4 million hosts worldwide.
Commodities show mixed changes as crude oil dips while natural gas nudges up and gold and silver fall. Wheat and sugar rise in crops. NY AG Letitia James says blocking a predatory acquisition and restoring market confidence is crucial as the federal government and 48 states seek to dissolve Facebook.
The S P 500 dropped 0 8 percent on Wednesday as virus cases rise and vaccines near distribution Markets had gained recently on vaccine hopes with economic improvement Amphenol agreed to acquire MTS Systems for about 1 7 billion MTSC fell sharply after a state sponsored hack FireEye faced a dip in shares amid the market pullback
Judge Huff denied a temporary injunction challenging Douglas County Health Order stating Covid-19’s infectious risk justifies public health measures. Local health officials praised the ruling as protection for the community with ongoing efforts until the pandemic no longer poses a broad threat. In the Sandbar case, federal court focused on liquor license as a privilege, not public health issues.
Douglas County's GDP declined 11 in 2019 as real estate and rental sectors dragged the economy, with Riley and Johnson counties also posting downturns in real estate and wholesale trade. Lawrence saw rental weakness despite stable or rising home sale prices, while manufacturing and professional services helped offset losses. County comparisons and 2017 2018 revisions are noted.
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