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Economy

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

Kansas May 2020 Labor Market Report

The Labor Market Information Services division of the Kansas Department of Labor and the Bureau of Labor Statistics show a seasonally adjusted unemployment rate of 10.0 percent in May, according to a news release from the Kansas Department of Labor… more

Unemployment rate in Missouri drops to 10.1 percent

Major job losses in April due to COVID-19 saw shutdowns that touched nearly every sector of Missouri’s labor market. Thankfully, in May Missouri began to see slight improvement regarding labor numbers. Some revisions were made to the seasonal adjustment factors… more

Rural Mainstreet Index Climbs for June

Creighton University’s Rural Mainstreet Index for June was released today, and if it showed anything, it showed that things in the rural heartland could be worse: After all, they were—in May. The June index, based on surveys of bankers in… more

Stock market sees biggest drop since March

U.S. stocks took a hard hit on Thursday as all three indexes recorded low performances not seen since March 2020. With growing concern over new COVID-19 spikes, investors have been quick to exit over fear of another surge. The Dow… more

Veto of unlawful ordinance in Jackson County

A veto was made Friday afternoon on Ordinance 5332 by Jackson County Executive Frank White, Jr., according to a news release from the Jackson County, Mo. website. During a special meeting of the County Legislature on Wednesday, June 3, a… more

Employment Finally Rises

Employment rose by 2.5 million jobs in May, which was much better than expected by economic analysts. Meanwhile, the Bureau of Labor Statistics said that the unemployment rate was at 13.3 percent, down 1.4 percent from the prior month. The… more

In a Nutshell: The Corona Virus Was a Perfect Smoke Screen for China  

The emergence of COVID-19 remains very suspicious! It appeared to solve more problems than it created for the Chinese Communist Party. First, it negatively impacted President Trump’s re-election chances by causing significant damage to America’s economy.  It has certainly provided… more

KS COVID-19 Bill Passes House

A bill that would restrict the powers that Kansas Gov. Laura Kelly has to limit the reopening of businesses in the fall and winter if there is another COVID-19 outbreak has been passed by the Kansas House of Representatives. Though… more

Unemployment Claims Dropping

Claims for unemployment were at just under 1.9 million in the United States for the week ending May 30, a drop from the just over 2.1 million reported by the Department of Labor the prior week. That brings the insured… more