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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 23, 2023
Page
8
The Commerce Department reports April new home sales up 9.6 percent from February to March at a 683 000 annual rate. Builders offer price cuts and cash incentives to boost demand as existing-home inventory remains tight. AutoZone and S P Global PMI focus on quarterly results and manufacturing activity.
Quoted remarks describe a debt default as a cataclysmic event with unpredictable yet likely dramatic fallout on U.S. and global financial markets. The source emphasizes heightened risk to economies and investor confidence amid looming fiscal tensions.
Wall Street wavered with a pivotal debt meeting in view as the S P 500 held near flat. The Nasdaq rose 0.5 while the Dow slipped 0.4 with Big Tech led by Meta Platforms maintaining momentum. PACW VECT and Ironwood moved notably on a regional bank loan portfolio sale.
The European Union imposed a record 1.3 billion fine on Meta for transferring users personal information to the United States and ordered a halt by October. Meta pledged to appeal and seek court tolling while noting no immediate Facebook disruption in Europe. The ruling affects names emails messages viewing histories and other data used for targeted ads.
Former National Security Agency contractor Edward Snowden reveals extensive electronic surveillance by U S security agencies. The disclosures flag mass data collection programs and raise debates on privacy, security, and policy reform.
New York reports Venmo will officially allow teenagers aged 13 to 17 to open accounts with parental consent. The Venmo Teen Account includes a debit card and addresses prior parent-created accounts, which violated terms. This rollout broadens the popular payments app to younger users and their families.
Oklahoma City AP End North America plans to invest over 1 billion and create about 1,000 new jobs with a solar cell and panel manufacturing facility in eastern Oklahoma. Construction starts in fall after Legislature and governor approve up to 180 million in tax rebates tied to benchmarks. To receive the full incentive, the company must spend at least 1.8 billion on qualifying capital expenditures and create 1,400 permanent jobs.
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