Banking & Financial Services
At the Fed’s Federal Open Market Committee meeting held recently, committee members announced that they would leave key interest rates and quantitative easing unchanged. Fed Chairman Jerome Powell later said that the economic outlook remained “highly uncertain” and would depend…
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Ed Yardeni (a Wall Street economist) pointed out last week that the USA’s money supply has exploded and “M2 Is Off the Charts”! M1 (money in circulation) is up $2,943 billion (+74%) and M2 (M1 plus savings deposits in banks)…
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On Friday, a judge in the U.S. Bankruptcy Court for the District of Delaware confirmed the reorganization plan that allows the Overland Park-based holding company (OTC: FGPR) to refinance more than $1.5 billion in debt, including converting $357 million of…
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During this earnings season, many of my colleagues on Wall Street shared their opinions that the market’s momentum had been too good to believe. Many of their stock picks were up over 20 percent in terms of earnings momentum, earnings stability, earnings…
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A new Federal Communications Commission (FCC) project is putting forth roughly $9.2 billion in funding help bridge the rural digital divide in 49 states. Grants are being awarded to hundreds of companies, including a few dozen in Kansas and Missouri,…
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Ascension Ventures, a Clayton-based venture capital firm that's part of the Ascension hospital system, said Friday that it has raised $285 million for a new fund. The fund is the fifth managed by Ascension Ventures, which began in 2001 as a…
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A state-wide broadband initiative in Missouri will pour $248 million to achieve broadband expansion to communities across the state, including counties that make up the Kansas City, Mo. region. The multiyear initiative to expand broadband availability aims to reach 61,000…
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Economic activity in the Kansas City Federal Reserve District expanded slightly over the last two months, according to the latest Beige Book release from the Federal Reserve System. The Beige Book is a Federal Reserve System publication about current economic…
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Wednesday night, Governor Laura Kelly signed a bill to protect Kansas cities from potential price surges in electricity bills caused by extremely cold temperatures in February. Senate Bill 88 establishes a $100 million low-interest loan program for municipal utilities facing…
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Leaders from the Platte County, Missouri, R-3 School District will host an information session Thursday evening to answer questions about a no tax levy bond initiative on the April ballot. District leaders said the bond will not raise taxes within…
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