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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 10, 2021
Page
8
The Labor Department is due to release the consumer price index showing a projected 4.6 percent rise for the 12 months ending May. Prices climbed this year, unsettling markets and stoking concerns the recovery could slow. Economists expect about 368,000 unemployment claims last week, a figure down from January’s 900,000 peak, signaling fewer layoffs as spending increases.
France resumes welcoming travelers from the United States and other countries who are vaccinated against the coronavirus. Tourism minister Jean Baptiste Lemoyne urged embracing languages and cultures, signaling a broader cultural openness.
A slide across banks and industrial stocks trimmed early gains on Wall Street. The S&P 500 faced weekly moves that put it on track for a rebound year, while United Natural Foods posted disappointing fiscal third quarter revenue and Comtech Telecom forecast weak yearly revenue, weighing on sentiment.
Kansas cities and local governments will receive 1.58 billion dollars from a federal aid package including 167 million for small cities under 50 thousand people. Salina will gain 7 million and Hutchinson 6.1 million. Douglas County towns Eudora Baldwin City and Lecompton receive 972,591 713,021 and 99,216 respectively. The plan also funds all 105 counties and 10 metropolitan areas via the American Rescue Plan. Governor Laura Kelly championed the program as critical to recovery and urged strategic investments for a resilient economy. SPARK administers the funds with final approval by the State Finance Council. Sherman Smith reports for Kansas Reflector.
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