Commerce Dept tracks growth as GDP expected at 1.6
The Commerce Department reports its latest estimate of first quarter growth with economists forecasting 1.6 percent. It follows a 3.4 percent gain in late 2023 while consumer spending slows under high borrowing costs and persistent inflation reflected in the retail sales data.
MENTIONED IN THIS ARTICLE
Commerce Department
Wholesale inventories show slight April dip after March fall
The monthly U.S. wholesale inventories report signals the stockpiles have declined since January. With orders down, factory output could ease and slow economic growth. analysts expect a 0.1 percent drop in April after a 0.4 percent decline in March.
MENTIONED IN THIS ARTICLE
Commerce Department
U.S
Retail earnings roundup tracks Dollar General and peers
Dollar General is among several retailers reporting earnings today with analysts expecting $1.58 per share for the last quarter, down from a year ago. Costco is anticipated at $3.71 per share, up from last year. Best Buy and Ulta Beauty will also report results, offering a broad view of retail health and consumer spending trends.
MENTIONED IN THIS ARTICLE
Dollar General
Costco
Best Buy
Ulta Beauty
Wall Street
Signs of hiring demand cooling voiced by economists
Quotable remarks indicate consumer sentiment waning and hiring activity slowing as economists note signs of a cooling labor market and reduced demand. The commentary highlights cautious consumer spending and potential impacts on job growth.
U.S. stocks slip as yields weigh on major indices
U.S. equities fall with the S&P 500 down 0.7 percent, the Dow 1.1 percent, and the Nasdaq 0.6 percent after bond yields rise. ConocoPhillips shares react to news of a $17.1 billion all stock merger with Marathon Oil.
MENTIONED IN THIS ARTICLE
U.S
Dow
ConocoPhillips
Robinhood
Marathon Oil
Dick's Sporting Goods Posts Higher Earnings Outlook
Dick's Sporting Goods Inc. shares rose after a raised full year earnings forecast. The retailer reported improved profitability and investors pushed the stock price higher as the company signaled stronger growth ahead.
MENTIONED IN THIS ARTICLE
Dick’s Sporting Goods
Kansas tax relief deal on retirees and sales tax cuts
Session Kelly and Republican leaders reach agreement to phase out state income tax on Social Security for retirees and cut the grocery sales tax six months early. They also propose keeping property tax relief for schools while shrinking the top personal income tax rate from 5.7 to 5.57 percent, amid broad budget surplus concerns ahead of elections.
MENTIONED IN THIS ARTICLE
Kelly
Kansas
Senate
House
City weighs plan after wading pool deemed unsafe
The pool has undergone many repairs but requires major demolition and construction to be safe and functional again. Safety is paramount especially for children as the city evaluates options and will present a recommended plan next year. In summer the city runs two splash pads from 9 a.m. to 8:30 p.m. at Burroughs Creek Trail and 15th Street and Lyons Park.
MENTIONED IN THIS ARTICLE
South Park
Burroughs Creek Trail
15Th Street
Lyons Park
Lyon St
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