Banking & Financial Services
On July 2nd The Street received the jobs data for the month of June, and those numbers did not disappoint. The Labor Department announced that job growth accelerated in June (to 850,000); however, the unemployment rate was unchanged as uncounted…
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Housing statistics confirm that houses available to purchase are extremely limited, so the volume of sales continues declining. While rapidly rising prices of lumber and other components may have impacted the reduced number of housing starts, there appears to be…
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The Missouri Department of Economic Development it will be spreading $15.8 million across 38 different community development projects across the state. The focus is to improve infrastructure such as damaged streets and drainage improvements, but the projects vary across the…
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Why has little attention been given to the rather sudden 3% exchange pullback for the dollar (versus the utilized basket of currencies)? During the past 12 months the cumulative dollar value drop has been over 10%! Currency exchange rates are…
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Inflation exploded higher during April. Base effects added to the year-on-year figures had only a little to do with the unexpected inflation jump from March to April of this year. Instead, blame a combination of government stimulus, reflation, bottlenecks and…
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Rising prices are intensifying inflation realities throughout the economy. A growing number of companies are warning that supply shortages and increasing demand will result in higher prices. In fact, tight inventories have already generated price surges for raw materials, ranging…
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This past week the financial media highlighted one guru after another calling for a market correction to the tune of anywhere from 5% to 20%! They cited “peak earnings” comparisons, rising inflation data, and the inevitability of the Fed having…
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A large portion of Kansas residents expecting federal unemployment benefits originally meant for the self-employed have been moved to other unemployment programs as the labor department works to reduce a backlog. The Kansas Department of Labor (KDOL) announced changes in…
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Republican lawmakers in Missouri have passed a bill to raise the gas tax for the first time since the 1990's. Now, it's headed to Governor Mike Parson's desk. The GOP-led House voted Tuesday 104-52 to raise Missouri's 17-cent gas tax…
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Kansas Gov. Laura Kelly announced Kansas will participate in Economic Development Week, also announcing that since 2019, the state has pumped over $5 billion into new capital investment. “Over the last two years, we’ve rebuilt the Department of Commerce and…
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