Mortgage rates drop to multiweek lows in Freddie Mac survey
Freddie Mac reports 30-year fixed rates at 5.41 percent this week, down from 5.59 percent last week and the lowest since early July. The 15-year fixed rate falls to 4.69 percent, compared with 4.88 percent a week earlier, amid continued refinancing demand.
MENTIONED IN THIS ARTICLE
Freddie Mac
Retailers report February sales rise across economy
The Commerce Department said retail sales increased 0.6 percent in February, the largest rise since November and in line with economists. Auto sales jumped 2.7 percent, while clothing, electronics, department stores gained, but furniture, sporting goods, books and music, and health and beauty shops fell.
MENTIONED IN THIS ARTICLE
America
Commerce Department
Wichita to Lose Airline Service With Frontier Partnership
Great Lakes Airlines operating Wichita to Denver under Frontier will end daily service on April 4 due to low passenger loads and revenue. Frontier says no replacement partner is being sought and has no plans to return to Wichita. The move follows United’s addition of a fifth Wichita Denver flight.
MENTIONED IN THIS ARTICLE
Great Lakes Airlines
Frontier Airlines
Wichita
Denver
Frontier
Joe Hodas
United Airlines
Yellow Roadway stock jumps on early 2024 results boost
Overland Park based Yellow Roadway Corp shares rose nearly 10 percent after the company projected first quarter earnings between 30 and 35 cents a share and reported improving February tonnage. The stock closed up 2.84 to 32.61 on Nasdaq after trading as high as 32.91, extending gains from news of stronger early-year business.
MENTIONED IN THIS ARTICLE
Overland Park
Wall Street
Roadway
Wall Street slides as Madrid bombings spook markets
Stocks fell sharply amid terrorism fears in Madrid and solid earnings. The Dow dropped 168.51 to 10,128.38, its fourth straight session decline, with techs especially weak while Alcoa rose to lead the Dow gains. National Semiconductor beat estimates, Dell edged higher, TI slipped, and Alcoa stood alone in positive territory.
MENTIONED IN THIS ARTICLE
New York
Madrid
Dow
Greenspan warns on Social Security and trade barriers
Fed chair Alan Greenspan told Congress that job growth should pick up soon and that protectionist barriers would not fix the job losses. He warned of a looming Social Security funding gap with 77 million baby boomers retiring and urged benefit reductions before tax hikes, while noting some tax increases may be needed to sustain programs. Since 2001, the U.S. has shed 2.2 million jobs.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Greenspan
Congress
House Education and the Workforce Committee
Dennis Kucinich
Dohio
Bush
Capitol Hill
IRS audits rise for high earners as corporate audits lag
The IRS boosted audits of individuals earning over 100000 dollars alongside a 24 percent rise for those at or above 250000, yet high income audit odds remained about 1 in 95. Overall, 1 in 153 returns faced examination, with focus on unpaid taxes and offshore income. The agency collected 35.5 billion dollars, the most in a decade.
MENTIONED IN THIS ARTICLE
Washington
IRS
Mark Everson
Congress
Local grain prices at Ottawa and area elevators
Local markets report prices as of Thursday close from Ottawa Cooperative Assn with Wheat at 3.42, corn 2.74, milo 2.69, soybeans 9.26. Edgerton shows milo 2.69 and soybeans 9.26, Overbrook 3.42, 2.74, 2.69, 9.3, Midland Wheat NA, corn 2.79, soybeans 9.31, Lawrence North Wheat NA, corn 2.74, soybeans 9.26. Lawrence South and others incomplete.
MENTIONED IN THIS ARTICLE
Ottawa Cooperative Assn
Ottawa
Milo
Edgerton
Overbrook
Midland Elevator
Lawrence North
Lawrence South
Pauline
Market report and price quotes from St. Joseph and New York
Quotations for Thursday show cattle and hogs in Missouri sales with hogs rising and pork cutouts up 187 to 69.34 while barrows and gilts gain 0.50 to 1.00 over Tuesday. Feeder prices include barrows 46-50 percent lean 230-270 lbs at 43.00-43.50, with some 44.00. Sows are scarce. Nonferrous metals list zinc at 53.50-53.75 cents per lb delivered, gold at 400.70 per troy oz, silver at 7.181 per oz, and platinum at 916.00 per oz.
MENTIONED IN THIS ARTICLE
St. Joseph
St. Joseph, Mo
New York
N.Y
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