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Economy

U.S. Economy Faces $117B Mortgage Debt in 2024, Owners Struggle to Refinance

Posted on January 2, 2024 The U.S. is facing more than $100 billion in mortgage debt in 2024 as loans on vacant office buildings and a higher defaulting rate could hurt the economy. About $117 billion is expected to be… more

Kansas Ranks Top in Nation For Economic Growth in Q3

Posted December 28, 2023 Kansas was the top state in the nation in economic growth for the third quarter of 2023, according to the federal Bureau of Economic Analysis. Kansas grew the fastest with a 9.7 percent rate. Kansas' economy… more

Q&A with Chris Long

Q: What do you consider your organization’s most significant achievement or highlight over the past year? A: I would have to list two: continued strong investment performance and client retention. These certainly go hand in hand. We couldn’t be more… more

KC Fed Reports Business Activity Declined in December

Posted December 26, 2023 The Federal Reserve Bank of Kansas City released its tenth district services survey, showing a moderate decline for December while the forecast for the next six months remains still. According to the survey, the month-over-month services… more

70% of KS Business Leaders Agree They Pay Too Much Taxes in 2023

Posted December 20, 2023 The Kansas Chamber released the 19th edition of its Annual Business Leaders Poll on Tuesday, which analyzes important issues 300 Kansas businesses faced this year. “Kansas job creators are looking for leadership and solutions that will… more

Dow Jones Hits All-Time High After Fed Forecasts 2024 Inflation Cuts

Posted December 13, 2023 The Dow Jones Industrial Average reached a new record high Wednesday, a jump of more than 500 points, following the central bank’s decision to hold rates steady due to progress on inflation. The DOW increased more… more

Kansas City Legislator Announces Town Hall, KC Sports Teams

Posted December 4, 2023 Jackson County Legislator Manny Abarca is hosting a community town hall to discuss the future of the Kansas City Chiefs and Kansas City Royals on Tuesday. The town hall is on Tuesday, Dec. 12 at 5:30… more

Supreme Court Case Could Bring Change to Overseas Tax Codes

Posted December 4, 2023 On Tuesday, the Supreme Court will hear arguments in Moore v. U.S., a case examining federal tax codes, that could have long-lasting effects on corporations' mandatory repatriation tax. Arguments will center on how U.S. firms bring… more

Missouri Minimum Wage Will Increase Next Year

Posted November 30, 2023 The minimum wage in Missouri is increasing to $12.30 per hour for the next calendar year. Missouri’s new minimum wage will increase by $0.30 from the previous minimum wage of just $12.00 starting Jan. 1, 2024,… more

U.S. GDP Grows to 5.2% in Q3, Higher Than Original Estimates

Posted November 30, 2023 Gross domestic product (GDP) increased by 5.2 percent in the third quarter of 2023, according to a second estimate released by the Bureau of Economic Analysis. Initially estimates held the GDP at 4.9 percent. The Bureau… more