Economy
Children's Mercy Kansas City is furloughing 575 employees for 60 days and executives are taking pay cuts as a result of business loss from COVID-19. The pediatric health system is losing about $1 million in revenue per day, as surgeries…
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The House of Representatives has passed a $484-billion relief bill that would fund small businesses and hospitals, and now the measure goes before President Donald Trump. The bill includes $320 billion to replenish the Paycheck Protection Program (PPP) for small…
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North Kansas City officials have amended stay-at-home orders in the city and have pushed the date back from May 15 to May 3, following similar move by Clay County earlier in the week. North Kansas City Mayor Don Stielow moved…
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A team of Citigroup analysts said that there will be a bear market in the U.S. investment market for some time to come. “All bear markets include false rallies, often associated with supportive monetary policy. But markets only find a…
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The House of Representatives today is set to vote on a $480-billion bill that would give relief to small businesses and hospitals. The Senate approved the measure earlier in the week, and President Trump is expected to sign the bill,…
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The Small Business Administration today issued new guidance for its Paycheck Protection Program. It's new guidance had verbiage that would make it less likely for large companies and institutions like the burger chain Shake Shack, which has a location in…
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Though 30-year fixed-rate mortgages are at an all-time low, purchases hit their lowest levels since 2015, a 31-percent decrease from the same year-ago period. The Mortgage Bankers Association also reported that, for the week ended April 17, mortgage applications decreased…
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Kansas and Missouri both did relatively well in receiving funds from the $350-billion Payroll Protection Program COVID-19 relief bill, at least compared to most states. Kansas came in nine per capita of all states for funding, while Missouri was ranked…
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The U.S. Senate has passed a bill that would give another $484 billion to small businesses and hospitals. It's a move that was partially pushed by the Small Business Administration last week running out of $350 billion in funds that…
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The University of Missouri System is facing a $180-million budget shortfall, and the University of Missouri - Kansas City is not immune to the problem. Chancellor C. Mauli Agrawal reportedly sent an e-mail to staff and faculty asking all administrative…
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