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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 11, 2020
Page
8
Onaroll Wall Street expects Adobe to report stronger fiscal second quarter earnings and revenue versus a year earlier, mirroring its first quarter results. The Labor Department will publish May wholesale prices, with prices easing in April before a modest May uptick expected.
Investors monitor domestic markets as officials say they are not considering rate hikes. Analysts cite steady inflation data and supportive corporate earnings. Traders weigh potential future moves and adjust portfolios accordingly.
Stocks slid despite Fed assurances of low rates through 2022 and bond purchases to aid market function. Simon Property Group backed out of a 3.6 billion Taubman Centers deal as automakers faced restructuring concerns, with Johnson & Johnson advancing studies for a potential COVID-19 vaccine. TSLA surged on a report of ramped up production of its semi truck.
KU announces a merged leadership plan to align the Lawrence and Edwards campuses, creating a unified dean role and consolidating budget lines to save salaries. Sharon Graham becomes vice provost for Lifelong and Professional Education while Chris Gregory moves to Strategic Alignment and Marketing. The changes aim to boost cross campus collaboration and expand noncredit programs amid a $120 million budget gap.
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