Eye on housing and Urban Outfitters report mixed results
The Commerce Department forecasts April U S new home sales at a 750000 annual pace, the slowest since October amid higher borrowing costs. Urban Outfitters, owner of Anthropologie and Nuuly, faces a mixed first quarter with earnings likely dipping while revenue rises, following solid year end profit and quarterly online sales gains.
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Musk donation pledge cited in hunger relief debate
David Beasley of the World Food Program says Elon Musk’s $6 billion pledge has not yet flowed to the agency. He notes widespread expectation but no funds arrived, while the UN goal remains to demonstrate how the donation could end world hunger.
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U.N
Stocks rise to start week after seven week slide
Aufbeat Wall Street opens week with gains as the S&P 500 climbs helped by technology and financials. Broad electronics drop while VMware buyout talks surface and a video game maker weighs a sale.
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Wall Street
Vmware
Kansas Senate backs federal funds for small businesses relief
Senators urged aid to Main Street shops across Kansas including hairdressers and book stores and extended relief to urban mom and pops. Republicans overridden two Kelly vetoes on lawsuits settlements and Medicaid contracts. House members noted temporary sales tax relief and consideration of suspending the gas tax as inflation bites. Businesses must file relief claims with the Department of Revenue by April 15, 2023.
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Tax Committee
Caryn Tyson
Parker
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Tyson
David Haley
Kansas City
Mary Ware
Wichita
House
Tom Sawyer
Sawyer
State Department of Revenue
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