Inflation signals easing as December consumer data loom
The Commerce Department’s December snapshot shows personal consumption expenditures up 0.1% in November and 5.5% year over year, slower than October’s 6.1%. December data will guide Fed policy on February 1 while AmEx earnings are awaited with expectations of higher profit on stronger revenue and rising loan loss reserves amid recession worries.
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Economist flags slower U.S. growth as risk of contraction rises
Sal Guatieri of BMO Capital Economics notes the economy cooled to a 2.9 percent annual pace in the last quarter, down from 3.2 percent from July to September, signaling fading stamina rather than a cliff.
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Sal Guatieri
BMO Capital Economics
U.S
Wall Street climbs as profits beat forecasts amid earnings flood
Wall Street rose to near eight week highs after reports showing stronger economy and corporate profits. Major indexes gained with Tesla, Chevron, Lam Research, and American Airlines posting gains or raised dividends as investors digest quarterly results and forecasts.
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Gosewisch brothers arrested after bar incident in Douglas County
Lawrence police booked two brothers at the R Bar and Patio on Florida Street. Judge James T. George barred them from Brothers Bar and Grill. Chance Gosewisch received six months prison suspended to 12 months probation. Cade Gosewisch got 12 months prison with 15 year violent offender registration but judge granted a departure to 24 months probation. Cade faced no contest plea to aggravated assault with a firearm, while Chance spoke of life changes and a mission trip to Costa Rica.
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