Economy
Kansas employment is expected to decline by 10.2 percent, according to a report by the Center for Economic Development and Business Research, based in Wichita. That decline would mean a contraction of about 140,000 jobs, most of the losses taking…
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The U.S. Treasury will reportedly borrow $3 trillion this quarter, most of it related to COVID-19-relief stimulus programs, reportedly making the government's debt about $25 trillion. Next quarter, the department also plans to borrow "$677 billion in privately-held net marketable…
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Kansas City and much of the surrounding area is getting back to work today—incrementally—but it won’t be a return to business as usual. Conditional authorization is now in place from Kansas City, Mo., for businesses to emerge from a coma…
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Southwest Airlines, which is considered the carrier with the most flights through Kansas City International Airport, reported a loss of $94 million during its most recent financial quarter. Capacity at the airline has decreased about 70 percent in the month…
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Kansas and Missouri hospitals are reportedly receiving about more than $800 million in combined funding from the federal government to help combat economic financial hardships due to the COVID-19 pandemic. On the Missouri side, hospitals will be receiving $412.5 million,…
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Berkshire Hathaway, Warren Buffett's investment company, has sold its shares of the four largest airlines after taking a $50-billion loss during its most recent quarter. However, the company still has $137.3 billion in cash. "The world has changed for the…
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Kansas and Missouri both saw double-digit-percentage declines in small-business applications, following suit with much of the rest of the country. Missouri applications were down just under 19 percent from their five-year average so far in 2020, making it the state…
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A third round of Paycheck Protection Program funding might from the Small Business Administration might be needed soon, according to the head of the National Economic Council. “We waited a little bit too long, I thought, when the last tranche…
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The Missouri Gaming Commission has opted to keep casinos in the state through May 15, despite a softening of Mayor Quinton Lucas' stay-at-home order. Casinos closed on March 17 as a result of the COVID-19 outbreak.
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Missouri Gov. Mike Parson announced that the state is receiving $24 million in federal funding, much of which will go toward mortgage and rent-payment relief for residents. The money would be distributed through the state's Community Development Block Grant program…
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