Economy

National Case-Shiller Home Price Index released

The S&P CoreLogic Case-Shiller U.S. National Home Price Index® rose 4.7% year-over-year in April (non-seasonally adjusted), up from 4.6% in March, according to a report from Zillow released Tuesday morning. Annual growth was also up from March in the smaller… more

CARES Act funds given to Kansas City to be used in Clay County

After rumors of a small disagreement between Clay County and the City Council of Kansas City over the planned use of CARES Act funds, the council has decided to allocate $2.5 million to low-income households and small businesses in Clay… more

Consumer spending up nationwide

Following a weeks-long dry spell in spending, the U.S. saw consumers increase their spending by a record 8.2% in May, partly erasing huge plunges the previous two months, according to reporting by the Associated Press. The consumer spending rebound followed… more

Jobless claims continue their decrease

Data for seasonally adjusted unemployment insurance claims show that in the week ending June 20, the advance figure for adjusted initial claims had lowered over the course of a week. Claim figures showed 1,480,000, a decrease of 60,000 from the… more

In a Nutshell by Ken Herman

The headlines that everyone feared crossed the tape in the middle of last week, when it was reported that a resurgence of COVID-19 cases was hitting Texas, Arizona, Florida, and California. That unwelcome news offered a motive for some aggressive… more

Economic border war truce on shaky ground with proposed relocation

A truce on Missouri and Kansas’ economic border war became signed legislation back in August 2019. Less than a year later after its signing, it appears that truce is on shaky ground as both states fight to keep BlueScope, a… more

SPARK begins plans to support Kansas with $1B in coronavirus aid

As Coronavirus cases continue to rise, aid from the federal government has become increasingly necessary for businesses, health departments, and individuals receiving unemployment. Gov. Laura Kelly and the State Finance Council agreed on distribution plans for $1 billion of Coronavirus… more

Increase in U.S. job hiring still shows high unemployment rate

In May, employers in 46 states added jobs following a promising addition of 2.5 million jobs in April nationwide, according to the AP. The surprisingly gain gave hope that the job market bottomed out in April, however recent numbers show… more

Second PPP loan possible with new bill proposal

Businesses with fewer than 100 employees may be able to draw once again from the Paycheck Protection Program, according to a report from Fox Business. On June 18, the Prioritized Paycheck Protection Program Act was introduced by Sens. Ben Cardin,… more

Softbank to sell most of its T-Mobile shares

Japanese technology conglomerate SoftBank is planning to sell as much as two-thirds of its stake in T-Mobile after pulling in record losses last year, according to CNBC. The potential sale of its stake in T-Mobile is part of SoftBank’s plan first… more