August consumer spending and rig activity update
The Commerce Department reports August consumer spending, noting a moderation since March with monthly gains under 1.1 percent and July at 0.3 percent as Delta and inflation affect demand. Baker Hughes releases its weekly U.S. rig tally, counting 521 rigs active with 421 oil and 99 gas rigs, amid rising oil prices. The text also mentions a staffing action about unvaccinated employees, cut roughly in half after a recent process.
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Wall Street ends September with steep monthly loss
Stocks on Wall Street fell broadly on Thursday as September closed with the worst monthly drop since the pandemic began. The S&P 500 posted its first monthly decline since January and its largest since March 2020, signaling renewed market volatility and investor caution ahead of upcoming economic data.
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Memorial honors Prof Richter amid COVID deaths in Kansas
Kim Richter says a family friend wrote a flag message for Prof Richter, a KU biochemistry professor and father of four who taught 33 years. The piece notes COVID-19 deaths trend nationwide at about 2,000 daily and Kansas surpassed 6,000 deaths with flags ordered at half staff.
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Teen dies after mental health crisis and police encounter
Lofton, a teen in foster care, suffered a mental health episode prompting Wichita police to seek voluntary treatment. He resisted, assaulted officers, and was detained at the Juvenile Intake and Assessment Center. Staff began CPR. responders revived him briefly before hospital transport where he died two days later.
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