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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 08, 2021
Page
8
Wall Street expects Casey's General Stores to report mixed results as analysts foresee a decline in earnings for the February April quarter despite a sharp revenue rise. The forecast would reverse three straight quarters of earnings growth. Casey's operates over 2,000 convenience stores in one state and releases results today.
The Commerce Department reports the US trade deficit rose by 74.5 billion in March as imports climbed amid an improving economy. Economists expect April to shrink the gap by 68.7 billion from March. A larger deficit risks slowing overall growth.
Sheila Carter, guide at Okefenokee Swamp, says mining near the refuge risks irreparable ecological damage. She notes lifelong paddling through the swamp and expresses fear that extraction could destroy the area outside the wildlife refuge east of the Mississippi.
Stocks trimmed gains with mixed closes as banks and industrials support the session. The Dow fell while the Nasdaq rose modestly and small caps outpaced peers. Notable moves include Vulcan Materials buying U S Concrete AdUK for about 1.29 billion and Blackstone purchasing QTS Realty Trust for roughly 10 billion.
Kansas officials and advocates discuss using 150 million in ARPA funds for emergency rental assistance amid end of eviction moratorium. Critics urge direct-to-tenant payments, citing uneven program attributes and recent landlord refusals, with Rent Zero Kansas pressing for reforms as statewide efforts continue.
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