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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 10, 2023
Page
8
Bed Bath & Beyond posts a quarterly snapshot signaling a widening loss and declining revenue. The retailer cautions it may file for bankruptcy protection, while exploring asset sales and structural restructuring to revive shopper traffic.
The NFIB small business optimism index for December is released after a year of declines in 2022 and a recovery trend from July. The index advanced to 91.9 in November from 91.3 in October, reflecting modest improvements in small firms’ views of the economy and their prospects.
Nasdaq composite ends at 10635.65 up 66.36 points or 0.6 percent. Market breadth improved with technology and growth shares leading the day gains while traders weighed earnings and inflation data. Investors looked for signals on economic policy and future rate moves.
Quotations from staff recall being on the city front lines as operations paused. They urge a temporary halt to emphasize their crucial role for the hospital and patient care.
Macy's closed at 20.43, down 1.70 or 7.7 percent, as the department store warned that weaker consumer spending hurt Q4 sales. Abercrombie & Fitch rose to 27.40, up 2.20 or 8.7 percent, after it lifted its Q4 forecast. Volume 24.6 million. market cap about 5.5 billion.
In June 2021 the Lawrence City Commission discussed options to curb single use plastic bags. A draft ordinance would ban bags under 4 mils thick used at checkout, exclude produce and reusable bags, and include an education campaign. City staff will present three options a per bag fee a full ban or a broad educational campaign for further action. The commission meets at City Hall at 5 45 p m today.
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