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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 27, 2023
Page
8
Macy’s reports fiscal first quarter results on Thursday with Wall Street aiming for lower earnings and revenue than a year earlier. The outlook echoes a weaker full year ending January and follows a broader retail slowdown as the economy grows more uncertain.
Inflation remains sticky prompting skepticism about an extended Fed pause. Markets note that even if the central bank skips June the July decision remains in play and could alter asset trajectories.
Workday rose to 216.07 with gains of 10.0 percent while Marvell Technology closed at 65.51 up 32.4 percent as both beat analysts forecasts. The software maker and the chipmaker issued solid earnings and revenue outlooks.
Governor Laura Kelly vetoed six pages of a funding bill, saying the action clearly represents a budget item. The move preserves per student funding declines for districts with shrinking enrollments while boosting aid for more than 150 districts and affecting over 100 others with no change. Republican leaders considered lawsuits but indicated the dispute may be resolved without further action.
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