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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 17, 2020
Page
8
FedEx is expected to report a solid second quarter with higher earnings and revenue versus last year. Investors anticipate updates on holiday shipping volumes as online shopping sustains demand and the company benefits from pandemic-driven growth trends.
The Commerce Department is expected to report a seasonally adjusted annual rate of 1.52 million new housing starts for single family homes and apartments, slightly down from 1.53 million in October. Strong demand low inventories and record low mortgage rates have supported sales and spurred construction this year.
Massachusetts regulators accuse Robinhood Financial of luring young and inexperienced customers into more trades. Secretary of the Commonwealth William Galvin calls the tactic unethical and says it falls short of required standards.
The S&P 500 rose near record highs on Wednesday as the Fed committed to bond purchases until the economy shows substantial progress from the virus downturn. Auto stocks and DISH traded mixed in a subdued session with limited leadership and broad uncertainty.
The Kansas Board of Regents agenda outlines 14 recommendations by the Future of Higher Education Council including a debt forgiveness program to retain graduates in Kansas. Other actions include suspending back-tuition enrollment policies for spring, and allocating 2.5 million from the Coronavirus Relief Fund to community colleges with potential university support pending further details.
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