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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 06, 2023
Page
8
J M Smucker, the food maker behind peanut butter and jelly brands, reports fiscal fourth quarter results amid expectations of profit growth and revenue rise. Analysts note price increases to offset inflation but warn profit margins may be pressured by higher raw material costs.
The European Union releases April retail data for all 27 member nations and a subset of 20 Eurozone states. Analysts expect euro-area sales to edge up 0.1 percent after a 1.2 percent March drop and February dip as higher rates and inflation curb consumer spending.
The U S Energy Information Administration publishes its Short-Term Energy Outlook forecasting energy consumption supplies and prices through next year. It covers gasoline natural gas coal and other fuels and is updated monthly. The prior forecast anticipated solid natural gas use in summer and moderately lower gasoline prices for the driving season.
University of Oklahoma meteorology professor Jason Furtado warns that burning carbon is a massive experiment with harmful outcomes as a report shows heat trapping carbon dioxide reaching the highest level in over 4 million years. The note mentions commodity price changes tied to current contracts.
The U S services sector grew less than forecast last month, contributing to a mixed set of economic data. With a light upcoming week for earnings and top-tier indicators, investors await clues on the pace of the economy and possible policy implications.
Attorney argues for probation citing no criminal history and family welfare. Oxley requests to work and reform while Judge Donovan grants probation with a 36 month term, plus required sex offender education. The report notes a 2021 rape arrest, a $45,000 bond, and a police affidavit detailing the alleged assault after inviting the woman to his home.
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