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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 14, 2022
Page
8
The Commerce Department releases its monthly retail sales tally showing economists expect a 0.8 percent seasonally adjusted gain from March to April across restaurants shops and other retailers. The report covers about a third of consumer spending and omits services like haircuts hotel stays and flights.
The National Association of Realtors releases its April snapshot showing sales of existing homes slipping to an annual rate of 5.60 million from 5.77 million. March marked the slowest pace in almost two years as mortgage rates rose and prices stayed high, dampening demand.
Quinnipiac University professor Sara Silver says Musk’s suspension of the 44 billion Twitter takeover may be a pretext to abandon the deal, noting this is not a new issue for him nor a sudden shift in thinking.
Stocks closed the week with another bumpy session as major indices extended a six week decline, the longest streak since 2011. The S&P 500 Dow Jones and Nasdaq ended lower while Motorola Solutions and New Relic beat earnings forecasts and MSI shares rose. Investors were cheered by NutraBio results and optimistic full-year guidance.
Interior Secretary Haaland speaks at Haskell University tying her single mother journey to higher education and leadership. She notes the 150 year history of forced assimilation in more than 400 government schools and calls for preserving Native languages and addressing intergenerational trauma.
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