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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 18, 2022
Page
8
The Mortgage Bankers Association reports a weekly tally showing applications for home loans mostly decline since mid March as mortgage rates climb. Freddie Mac notes the average 30 year rate rose to 5.3 percent last week, up from 2.94 percent a year earlier.
Wall Street predicts TJX Cos earnings and revenue rise in the fiscal first quarter as reopened T J Maxx and Marshalls stores boost results. The report follows a reopening rebound and sustained demand in discount retail. The economy also faces higher mortgage rates shaping housing affordability.
Stocks rose with broad gains on Tuesday as traders resumed buying after a tough stretch. Walmart trimmed its full year profit outlook amid high inflation, United Airlines improved revenue guidance on rebounding travel demand, and Take-Two Interactive reported strong fiscal fourth quarter profits with positive momentum across the market.
U S Sen Jerry Moran said the Bureau of Indian Education told him a new Haskell president had been chosen at the end of April, but the BIE has not disclosed the person or a formal announcement nearly a month later. Moran criticized the agency for poor communication and bureaucracy guiding Haskell's operations.
Lawrence Douglas County Public Health reports 140th COVID death, a man age 75 to 84, as 14 day moving average daily cases fall to 43.4 and active cases to 967, with 2 hospitalizations at LMH Health. Total cases top 27,568 since March 2020. The department urges vaccination per CDC guidance and hosts a booster clinic Friday 1 to 4 p.m. at LMH Health drive through. register at ldchealth.org/get myvaccine with code 20220520.
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