Albertsons Likely Mixed Q3 Report Clues Surface
Wall Street expects Albertsons fiscal third quarter to show earnings decline year over year despite higher revenue. Analysts note a stronger second quarter beat, while the NFIB announces its December small business index reflecting subdued optimism after a peak in June 2020.
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U.S
NFIB
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TD Synnex
Synnex
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Fed behind curve may face inflation and recession risk
Quotation notes a substantial risk that the Federal Reserve is sufficiently behind the curve. It suggests the Fed may have to tolerate persistently high inflation or confront a potential recession to regain price stability.
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Fed
Market Dailies Highlight Mixed Pharma and Retail Signals
Star the afternoon close shows 348.43 with a 6.78 drop or 1.9 percent slip after virus surge hit fourth quarter. A medical products maker warns supply chain issues will press profits in fiscal 2022. A biopharma firm raises investor optimism with a strong development and forecast.
Kansas approves $4 million for broadband in school districts
A SPARK board backed a $4 million plan to upgrade rural and urban school internet with high speed broadband. Lt. Gov. Toland notes space shortages, while House Speaker Ryckman questions how 50 000 students will be chosen for $1000 grants. Grants target low income families with a streamlined application and a 50 million total pot. The funding comes from roughly 1.6 billion in federal stimulus aid.
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David Toland
Kansas Department of Commerce
Toland
Ron Ryckman
Olathe
Ryckman
Congress
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