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Lawrence Journal World in Lawrence, Kansas

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

May 24, 2022

Page

8

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.

Wall Street Best Buy Commerce Department U.S Uban Outfitters Anthropologie Nuuly Urban Outfitters

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.

Musk David Beasley World Food Program Tesla Elon Musk 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.

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.

Kansas Senate Tax Committee Caryn Tyson Parker Kelly Tyson David Haley Kansas City Mary Ware Wichita House Tom Sawyer Sawyer State Department of Revenue

Also Mentioned on This Page

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