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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 05, 2022
Page
8
Wall Street expects Royal Caribbean to report a wider first quarter loss despite higher revenue as omicron dampens bookings for early 2022. The cruise line warned February that the variant would delay profitability by a few months, with conditions challenging in the near term.
The Labor Department reports weekly unemployment benefit applications remain about 150 below the pre pandemic level. Jobless claims dropped to 180,000 two weeks ago amid a tight labor market with high openings and few layoffs. Economists anticipate that claims rose to 181,500 last week.
Federal Reserve Chair Jerome Powell says a 75 basis point increase is not under active consideration. Markets rose sharply on the remarks, easing fears of a more aggressive policy move beyond the Wednesday 50 basis point hike.
The Dow Jones Industrial Average jumped over 900 points and the S&P 500 posted its best gain in two years as Fed chair Jerome Powell downplayed chances of a larger rate hike. Advanced Micro Devices and Airbnb posted strong results with higher revenue forecasts and a $99.42 close for shares.
The report notes a short stay home rentals firm narrowed its first quarter loss as travel demand rebounded and lifted its revenue forecast. Separately, a coffee chain posted stronger same store sales, highlighting improving health for retailers with $100 in context.
KU reported a 95.92 percent first time bar passage rate, behind Harvard at 99.44 percent. The institution credits a donor funded Free Bar Prep Program open to all recent graduates, plus a required third year course and a diagnostic for first year students, to bolster results. The setup ranks KU ahead of public peers like Michigan but behind top private and public law schools nationwide.
The author Walker has long criticized Israel calling it an apartheid state and has praised British conspiracy theorist David Icke. The online program hosted by Emily Bernard requires registration at crowdcast.ioe/ Walker for access.
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