Unemployment benefits rise slightly in latest weekly tally
The Labor Department reports a small weekly increase in initial jobless claims seen as a layoffs proxy. Economists anticipate a dip in the new report as the labor market remains resilient, aiding consumer spending but complicating the Fed’s rate cuts.
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Labor Department
Federal Reserve
Stock and commodity market recap mixed moves and gains
Commodities saw natural gas weaken 2.7 percent while wholesale gasoline slipped 0.6 percent. U.S. crude oil and heating oil rose 0.8 percent. Gold and silver closed higher, signaling mixed but firmer sentiment across energy metals and precious metals.
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U.S
Fed rate cut clock starts with May inflation easing quotes
Krishna Guha of Evercore ISI says the data for May shows inflation easing for a second straight month, initiating the clock on a potential September rate cut though the Fed will require more sustained progress in coming months.
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Krishna Guha
Evercore Isi
United States
Star Stocks Rise as Inflation Update Buoys Markets
U.S. equities climbed with the S&P 500 up 0.9 percent and the Nasdaq 1.5 percent after inflation data and Fed signals. The Dow slipped 0.1 percent as investors weighed prospects for rate cuts this year and company results. Close: $6.42 W -1.33 or -17.2% The handbag and accessories company posted weaker than expected first quarter results.
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Boeing Co BA
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Ford Motor F
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Goodyear GT
ICL Group Ltd
ICL
KSS
Kohls Corp Kroger Co KR
Merck & Co Mrk
Natl Bank Hidgs Corp Nbhc
Nvidia Corporation
NDA
Schlumberger Ltd
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Target Corp
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Tesla Inc
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USB
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Drones replace firework show for Lawrence Summerfest
Arneill notes move away from fireworks at the Lawrence Summerfest fairgrounds due to last year’s impact on animals at the Lawrence Humane Society. A 200 drone show will finale the event on July 3 at around 9:45 p.m. with crafts, live music, food trucks, and activities beginning at 3 p.m. Details at lawrenceks.org/fprd/summerfest.
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Journal-World
Lawrence Humane Society
Fairgrounds
Harper St
Lawrenceks
Parks and Recreation Administrative Office
Parksrec
Lawrenceks.org
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