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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 24, 2023
Page
8
The May housing barometer shows the US economy expanding with sustained momentum though a growing dichotomy appears. Strong job markets and consumer demand support gains, while disparities in housing access and regional performance suggest uneven growth across sectors and regions.
Stocks slid on Wall Street as the United States neared a possible debt default. The S&P 500 dropped 1.1 percent while Democrats and Republicans yet to strike a budget deal. Lowe's and AutoZone listed with mixed results. AutoZone beat profit and revenue forecasts in fiscal first quarter.
AZO shares closed at 2463.41, down 6.0 percent after the retailer reported weak fiscal third quarter revenue. The article notes an unrelated insurance sale: a company selling its reinsurance unit for about 3 billion dollars to Validus Re.
Incumbents Shannon Kimball Paula Vann Erica Hill and Carole Cadue Blackwood face term expirations with Burton among several filing for both school board and City Commission. Other candidates include Rachel Stumblingbear Anne Costello Yolanda Franklin Kevin Coronado Dustin Stumblingbear Mike Dever and Damien Burton. Filing closes June 1 with primaries August 1 if needed and general election November 7. The race includes homelessness policy discussions and inclusive community goals.
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