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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 11, 2022
Page
8
Disney releases its fiscal second quarter results with Wall Street forecasting higher earnings and revenue from January through March. The period follows strong streaming subscriber growth and improving attendance at parks after pandemic-related restrictions.
The Treasury Department reports that March receipts and outlays totaled, yielding a deficit of 192.7 billion dollars. Economists forecast April ends with a 216 billion dollar surplus, versus a 225.6 billion dollar shortfall in April of the previous year.
A quoted speaker argues that salaries are staying flat while prices rise, urging action to address the stagnation. The comment highlights public concern over purchasing power and calls for policy or wage adjustments.
U.S. stocks finished mixed after an afternoon tech rally reversed an initial decline. The S&P 500 rose, ending a three day skid, while Microchip Technology posted an upbeat Q4 forecast and SPG advanced on higher dividend and a new $2 billion buyback plan.
The victim testified that Hess molested her more than 50 times over 14 months starting when she was 14 in 2014. Her parents described lasting estrangement and the court heard her statements, police affidavit details, and Hess's apologies amid his sentencing and jail transfer process.
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