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Banking & Financial Services

More Missourians to see additional $300 weekly unemployment supplement starting this week

Jobless Missouri residents who claimed unemployment the week of Dec. 27, 2020 will see the approved addition stimulus payment this week. Eligible unemployed workers have already started to receive the $300 per week payment approved under Congress' second COVID-19 economic… more

Investing in Era of Democrat Rule

Prognosticators assessing this week's Democratic sweep of two U.S. Senate seats in Georgia had suggested that control of Congress and the White House will bring significant changes in tax policy (not good if you're a high-income earner) and energy policy… more

SBA Adds 20 New Women’s Business Centers

The U.S. Small Business Administration has announced grant funding and the launch of 20 new Women's Business Centers across America to serve rural, urban and underserved communities. The opening of the business centers is the largest single expansion of its… more

Economic Chicken Littles Missed the Mark

All-time highs in all major indexes! NASDAQ and the Russell 2000 each recently gained over 3 percent and the S&P 500 added 1.25 percent. Cloud computing and cybersecurity stocks performed especially well due to multiple cyber-attacks on federal cabinet agencies… more

SBA Opening Door for New PPP Lending

The Small Business Administration has issued new guidelines under the latest update of the Paycheck Protection Program, which has been refined to place special emphasis on smaller lenders and borrowers. This PPP installment, totaling $285 billion, is expected to be… more

Kansas December tax collections up $64.5M

Kansas’ December total tax collections continues the state’s trend of outperforming the estimate, and outperforming the previous, December.  Total tax collections were up $64.5 million, or 9.1%, for the month with $770.2 million collected.  That is a $13.6 million, or… more

Lead Bank designates KC Crossroads as headquarters

A definitive agreement between Lead Bank and Community First Bank in Butler, Mo. will soon end with the latter’s acquisition of  Lead’s long-time Garden City, Mo. headquarters. The sale will establish Lead’s KC Crossroads location as its new headquarters, which… more

AMC to sell 50 million more shares, avoid bankruptcy filing

Leawood-based AMC Entertainment Holdings Inc. plans to sell up to 50 million more shares as it tries to prevent a bankruptcy filing. The movie theater chain said in a filing to the Securities and Exchange Commission that it plans to offer… more

U.S. stocks finish year with record gain over 16 percent

U.S. stocks finished 2020 with a gain of more than 16 percent after a technology sector-led rally pulled Wall Street back from a brief bear market to set a record high in defiance of pandemic, recession and political upheaval. The… more

Main Street Lending Program expiration extended

The Main Street Lending Program - utilized by small and medium-sized businesses in the U.S. – has granted an extension on its expiration date. The termination date on its facilities was pushed back, a decision made by the Board of… more