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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 23, 2023
Page
8
Economists expect the IHS Markit read of May manufacturing activity to show contraction continued in 2023, with the PMI below 50. The index gauges broad manufacturing activity with readings above 50 indicating expansion.
The market stays in a holding pattern as traders await fresh economic data and the Fed's response. Chris Zaccarelli of Independent Advisor Alliance notes investors are watching for policy cues and potential shifts in momentum.
Wall Street ended mixed as investors weighed ongoing rate increases worldwide. The S&P 500 edged up 0.4 percent on Thursday while the Nasdaq posted varied moves amid this global policy stance.
Elliott Investment Management reportedly aims to remove NRG Energy's chief executive as part of an activist campaign. The move follows discussions about governance and strategic direction at the energy firm, with investors watching for potential board changes and leadership shifts.
Downtown Lawrence Inc moves the annual sidewalk sale to an evening event after decades of sunup to sundown heat. Retailers and restaurants plan promotions from 4 p.m. to near sunset, hoping cooler hours attract more shoppers despite a forecast high near 90 and cooling to about 80 by close.
Alterman cites a study by the American Veterinary Medical Association showing microchips boost reunions for lost pets. The event at the dealership offers free microchips and Kona Ice for the first 100 in line, with Dale Willey donating 7500 dollars to the Humane Society and Ryan Pfannenstiel promoting the effort.
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