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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 17, 2024
Page
8
The Federal Reserve releases its monthly update on industrial production with economists predicting a rise in November. The data covers manufacturing and mining outputs and offers insight into how inflation affects various manufacturing sectors.
The business software company closes at 408.50 down 0.17 and joins the Nasdaq 100 index. The server technology company closes at 33.44 with a loss of 3.02 and is removed from the Nasdaq 100 index.
Mexico City AP reports regulators set 10 year special conditions on Walmart de Mexico for pressuring suppliers. The Federal Competition Commission also levied a 4.6 million dollar fine for alleged monopolistic practices. Walmart plans to appeal, while offering no immediate comment on the new rules.
BRIEFLY accuses suppliers of pressuring discounts while Walmart de Mexico, the country’s largest retailer, labels the case unfair and alleges errors in applying the law. The filing suggests tensions over pricing and regulatory interpretation affecting competition.
Lawmakers consider changing underage gambling from a criminal offense to a civil violation with fines rising to 500 for a first offense 1000 for a second and 2000 for subsequent offenses. Revenue would fund problem gambling prevention education and treatment programs including those by the Council on Compulsive Gambling. Assemblyman Don Guardian supports the shift noting funds aid treatment programs.
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