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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 07, 2024
Page
8
The Federal Reserve's monthly debt snapshot shows consumer borrowing excluding mortgages rising by about $10 billion in January, up from a $1.6 billion gain in December. November’s increase pushed total consumer credit to a record $5.01 trillion.
Kroger and Costco report quarterly results, signaling consumer shopping shifts for groceries and essentials. Analysts forecast Kroger earnings of 99 cents per share and Costco earns around 3.58 dollars per share as revenue trends support demand for land and household staples.
Wall Street trimmed losses with the S&P 500 up 0.5 percent, the Dow up 0.2 percent, and the Nasdaq up 0.6 percent after a day of declines. Powell indicated possible rate cuts later this year but stressed the need for more data showing inflation cooling before action.
Judge Amy Hanley sentenced the defendant to 57 months in prison with 394 days credit after the defense sought probation. The case featured testimony by Brandon Smith arguing for treatment over incarceration and Deputy District Attorney Joshua Seiden highlighting the victim's harm from the choke slam and abuse.
In a Wednesday news conference Set Drew Fennelly confirmed a 39 year old man was shot and killed near the library area by a bus stop in Lawrence. Police searched for suspect Nicholas Beaver and later said he was in custody. The city’s second homicide in under 24 hours strained a 150 member force as officers canvassed the downtown scene and appealed for witnesses.
Opening arguments in a Douglas County case challenge whether a 2020 project plan allowing 57 duplexes and six detached structures on one lot complies with city code. Attorneys differ on whether a duplex counts as a single structure with two living units, and the trial proceeds in district court, following a 2023 Kansas Court of Appeals ruling that code is ambiguous.
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