Banking & Financial Services
Most February economic data, released in March, was weaker than expected, probably because economists were more focused on stimulus checks than the weather. But considering how much of the country was affected by extreme cold and storms in February there’s…
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The Kansas City Fed Labor Market Conditions Indicators (LMCI) suggest the level of activity increased modestly in March while momentum accelerated sharply. The level of activity indicator increased by 0.06 in March from −0.25 to −0.19. Meanwhile, the momentum indicator…
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The total 43,425 bankruptcy filings for March represented a 39 percent increase over the 31,221 filings during the previous month of February, according to data provided by Epiq. Similarly, the 41,150 total noncommercial filings for March represented a 41 percent…
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On Tuesday, Kansas City, Mo. voters that showed up to the polls - just under 11 percent - approved the extension of the one-percent earnings tax (e-tax). Kansas City Mayor Quinton Lucas and other city officials expressed their content with…
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On Tuesday, the U.S. Department of Housing and Urban Development (HUD) announced the allocation of $10,536,095 million to the State of Missouri through the nation’s Housing Trust Fund (HTF) for affordable housing. In total, HUD awarded nearly $700 million nationwide.…
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Legacy Restaurant Group in Overland Park has acquired 35 Kansas City-area Wendy’s restaurants from Leawood-based NPC International Inc. The acquisition more than triples Legacy Restaurant Group’s (LRG) location count, bringing the total to 51 restaurants in Kansas and Missouri. Financial…
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AMC Entertainment Holdings Inc. is exploring using a possible equity issuance to pare debt obligations or overdue rent. If shareholders authorize the issuance of up to 500 million additional shares, as AMC has proposed, the company would consider using proceeds…
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On Tuesday, April 6, Kansas City, Missouri, voters will decide on the one percent city earnings tax. The tax is paid by city residents, non-residents who work in the city and businesses located in the city. According to the city,…
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The acquisition of Kansas City-headquartered Custom Truck One Source has been finalized, the specialized truck and heavy equipment solutions provider selling to Nesco Holdings, Inc. News of the acquisition was originally announced back in December 2020. Today, the transaction closed…
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Earlier this week, President Joe Biden signed the PPP Extension Act of 2021, extending the Paycheck Protection Program an additional two months to May 31. “Nearly 90,000 business owners are still in line, and there’s money left,” Biden said. For…
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