Banking & Financial Services
Kansas City's Federal Reserve District which encompasses the western's portion of Missouri, all of Kansas and other territory stretching into Colorado, Nebraska, Oklahoma Wyoming and New Mexico, shows manufacturing at a steady incline in March. Manufacturing activity in the central…
more
As with any economic recovery interest rates and bond yields rise. Historically it’s been a bullish development for stocks because the earnings rebound (fueling the “risk on” appetite) typically far exceeds that of the “risk off” fear of rising rates.…
more
Roughly $57 million in aid has reached around 3,000 small businesses in Kansas in Small Business Working Capital (SBWC) grants. Funding for the grants was drawn out from the state’s Coronavirus Relief Fund (CRF), which sent monetary aid to businesses…
more
On Monday, Missouri Gov. Mike Parson authorized the transfer of $300 million in federal Coronavirus Relief Funds from the State Treasury into the Missouri’s Unemployment Insurance Trust Fund. The transfer, according to Parson, will help prevent tax increases on Missouri small…
more
The Internal Revenue Service (IRS) plans to delay this year's tax filing deadline to mid-May, a similar move made in 2020 when the deadline was extended to July. Additional time is being given to allow filers more time to navigate tax…
more
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)…
more
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…
more
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…
more
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…
more
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,…
more
