News


Chiefs beat Bills, to take on Bucs in Super Bowl LV

A Chief's win on Sunday will send the team to Tampa, Fla. on Feb. 7, 2021 to play against the Buccaneers in Super Bowl LV. While COVID-19 has put a damper on celebrations and a potential big boost in spending,… more

Missouri, Kansas hold low in cost of living

Not for the first time, Missouri had one of the lowest cost-of-living ratings in the U.S. for the third quarter of 2020. The Show-Me State had the fifth-lowest rating, according to the Missouri Economic Research and Information Center’s cost-of-living index, at… more

Bankruptcy halted for AMC with new equity, debt capital

Bankruptcy appears to be out of the question for AMC Entertainment Holdings Inc., according to CEO Adam Aron in a Monday news release. The release said the theater chain has raised more than $900 million in new capital since mid-December… more

Coping with COVID: Missouri among lowest in nation for rate of distribution of COVID-19 vaccine

According to the data, 4.4 percent of people in Illinois have received the first shot, which ranked 44th of the 50 states. Both Missouri and Illinois are below the percent for the entire country. As of Sunday, 5.6 percent of… more

Kansas City office market vacancy rates fair better nationally in 2020 as tenants, investors hold on

A lesser impact overall reflected in data on the Kansas City office market show the minimal impact will lead the region toward quicker healing. According to a Q4 report by JLL, although negative absorption and increasing vacancy and availability was seen… more

PPP approves 60,000 loans in first week worth $5B

Approximately 60,000 Paycheck Protection Program (PPP) loan applications submitted by nearly 3,000 lenders was approved by the U.S. Small Business Administration in the first week of the program's reopening. Loan approval totaled over $5 billion for the 60,000 approved submissions.… more

Finalized “fair access” rule receives big-bank pushback

The Office of the Comptroller of the Currency (OCC) has finalized a controversial rule within days of a change in leadership. Originally proposed in November, the rule prohibits the nation's largest banks from denying services to gun manufacturers, energy firms, operators… more

January Rural Mainstreet Index ticks up in Mo. and Kan., bankers concerned about inflation in 2021

The Creighton University Rural Mainstreet Index (RMI) climbed above growth neutral across the 10-state region. The overall index for January rose to 52.0 from December’s 51.6 (the index ranges between 0 and 100 with a reading of 50.0 representing growth… more

In a Nutshell

Joe Biden has referred to the latest coronavirus aid package as a "down payment" for dealing with the pandemic.  Another stimulus bill providing more funding for tests, vaccinations, aid to cities and states, plus a third round of direct payments… more

Missouri December jobs report shows unemployment increase

Missouri non-farm payroll employment increased again in December 2020, but a large increase in the civilian labor force sent unemployment higher. Employment, seasonally adjusted, increased by 10,400 jobs over the month, and over-the year job losses from COVID-19 shutdowns fell… more