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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 02, 2024
Page
8
The government releases its monthly report on durable and nondurable factory orders, indicating trends in manufacturing demand. Analysts watch for shifts in sectors and implications for production, employment, and business confidence.
Wendy's Corp reports first quarter results before the bell with analysts expecting 21 cents a share, flat from last year. CEO Kirk Tanner notes plans to test dynamic pricing described as benefiting customers and restaurant crews.
Peloton, the New York based fitness company, releases its third quarter results with analysts predicting a loss of 36 cents per share on about 721 million dollars in sales. The firm has posted red ink since Q3 2021 and last quarter cut guidance, sending shares down to roughly three dollars from peak above 170.
Legal observers note that existing statutes shield Meta from liability for users speech while also granting users control over their feeds. The dichotomy underscores ongoing debates about platform immunity and content curation.
U.S. stocks closed mixed after Federal Reserve Chair Powell stated rate cuts remain likely, though delays could occur due to persistently high inflation. The S&P 500 slipped 0.3 percent as traders weighed timing against inflation risk.
Andover Superintendent Brett White notes districts rely on projections and still face much guesswork as schools plan capacity and ratios. Shawnee Mission's Michelle Hubbard voices frustration at the burden of capacity guidelines and enrollment trend projections, noting decades of accepting nonresident students without state mandate. Reporter Suzanne Perez covers for Kansas News Service.
A tornado injures three people in Westmoreland, Kansas, with the county stating none are critically hurt. Images show damaged homes, uprooted trees, and a flipped semi as the town hunkers on emergency power and Red Cross shelters at the high school. The storm follows deadly tornadoes in Oklahoma, and later activity in Nebraska and Iowa left one dead.
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