Banking & Financial Services
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced the allocation of nearly $5 billion in American Rescue Plan funds, including $39,319,074 to Kansas and $88,420,496 to Missouri. Funding was distributed to help communities across the…
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AMC investor Wanda America Entertainment Inc., a unit of Chinese company Wanda Group, gave up its controlling stake in AMC Entertainment Holdings Inc. Stock sales totaled over $220 million. Wanda America Entertainment Inc., a unit of Chinese company Wanda Group,…
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On Thursday, the U.S. Small Business Administration opened the Shuttered Venue Operators Grant (SVOG) application portal. The SVOG program was appropriated more than $16.2 billion for grants. Those eligible for grant funding include operators of live venues, live performing arts…
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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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