Layoffs tally and new home sales update
The Labor Department reports weekly jobless claims near 195000, with prior week at 192000, signaling ongoing low layoffs despite tech cuts. The Fed seeks cooling of inflation and labor market. Darden Restaurants announces third quarter earnings for Olive Garden and LongHorn.
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U.S
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Olive Garden
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Stocks and Commodities Close Mixed With Mixed Oil Moves
Wholesale gas and crude oil rose, crude up 1.77 percent and wholesale gasoline more than 2 percent. Heating oil gained while natural gas fell over 7 percent. Gold and silver closed higher on the session.
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DOW Trans
S&p
Wilshire
Russell
Rutgers professor cites essential staff in LA school strike
Rebecca Kolins Givan of Rutgers University argues that schools cannot function without bus drivers cafeteria workers and other staff in the Los Angeles strike and rejects the idea that workers do not deserve livable wages.
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Rebecca Kolins Givan
Rutgers University
School of Management and Labor Relations
Los Angeles
City approves plan for 300+ homes north of Rock Chalk Park
City commissioners back Garber Enterprises plan to build more than 300 RS5 lots on the northwestern edge of Lawrence near Rock Chalk Park. The project aims for high density to spread infrastructure costs, with future development code potentially enabling even denser zoning. School district options may shift due to 2024 25 transfer rules, and this follows a recent annexation elsewhere in the city.
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Courtney Shipley
Rock Chalk Park
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Lawrence
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Hamby
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U.S. 59
Crash Martinez faces sentence after drunken crash endangering Henderson
Martinez described severe injuries from the crash and a period of suicide thoughts. He said he sobered after the crash and found his calling in peer guidance. Deputy DA Joshua Seiden opposed a lesser sentence, while Judge Hanley urged actions to deter others and honor the Henderson family. Martinez was jailed after sentencing on a $50,000 bond.
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Henderson
Joshua Seiden
Hendersons
Hanley
Douglas County
Stocks drop after Fed hike signal and mixed outlook
Markets slide as the Federal Reserve signals another rate increase may be limited. The S&P 500 declines about 1.6 percent while Treasury yields weaken amid a cautious earnings round. GameStop and Sonoco produced mixed results with reports showing surprise profits or modest gains, adding to uncertain investor mood.
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Federal Reserve
S&p
Treasury
Sonoco
Fed
Array Technologies Arry Close
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