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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 06, 2024
Page
8
The government released December wholesale prices data showing the producer price index rising at a slower pace in November after a sharper drop in October. The report notes inflation at the wholesale level feeds into future consumer prices and that easing pressures persist under higher interest rates.
Bank of America, JPMorgan Chase, Citigroup and Wells Fargo set to release results signaling the start of earnings season. Analysts watch for consumer spending signals, lending activity and credit trends to gauge overall economic health after a cautious outlook.
Greenbrier Companies closed at 46.58, up 2.24 or 5.1 percent, beating analysts’ early quarterly earnings expectations as the maker of railroad freight car equipment reported stronger results.
Fire on December 13 led to demolition approval for the Cielito Lindo building in downtown Lawrence after a safety assessment. The Historic Resources Commission and City Commission concurred the structure was unsafe, with the 5,500 square foot two level restaurant, opened in 2006 by Jose Lopez David Valadez and Dionicio Zaragosa, affected. The site has housed prior venues and has been owned by Lawrence 2004 LLC since 2004. The blaze started just before midnight and was out by early morning.
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