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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 17, 2024
Page
8
Connecticut based ABC Bearings is set to announce fiscal fourth quarter results with expected adjusted earnings of 2.34 per share on 414.2 million dollars in revenue for the quarter ended March. Wall Street expects year over year improvement driven by solid demand from major aircraft manufacturers and their supply chains.
Baker Hughes releases its weekly tally of active U S oil and gas rigs. Last week the total fell to 603 with 496 drilling for oil and 103 for natural gas as activity continues its downward trend since May of last year and serves as a leading demand indicator for the sector.
A high court ruling rejects the payday loan lobby's arguments and confirms the Consumer Financial Protection Bureau's ongoing authority and presence in consumer finance regulation.
Wall Street closed mixed as the Dow briefly surpassed 40000 before finishing down 0.1 percent. The S&P 500 slipped 0.2 percent and the Nasdaq fell 0.3 percent after a run of records on Wednesday amid hopes inflation cools and the Fed may cut rates this year. Walmart reported first quarter results that beat forecasts, lifting countering sentiment amid the broader market moves.
The governor vetoed language mandating use of 5 million from the School Safety and Security Grant program for Ze roEyes firearm detection software. The veto targets bid restrictions lobbyists pressed in multiple states, arguing it would create a no bid contract and limit districts’ safety options.
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