National

Business Reopenings Come With Caveats

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… more

Southwest, KCI Anchor, Loses $94M

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… more

KS, MO Hospital COVID Aid Hits $800 Million

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,… more

Buffett Drops Airline Stocks, Big on Furniture Mart

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… more

New-Business Applications Down in KS, MO

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… more

More PPP Funding Might Occur

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… more

Polsinelli: Chapter 11 Bankruptcies Rise

Kansas City-based law firm is seeing the highest rate of Chapter 11 bankruptcies in seven years, according to its Polsinelli-TrBK Distress Indices Report.  “It’s actually quite common to not see an immediate increase in bankruptcies during an economic crisis. With… more

AMC Gets Into Feud With Universal Studios

Leawood-based AMC Theatres, considered the country's largest cinema chain, is taking a stand against Universal Studios' decision to provide direct-to-home movies to consumers. As a result of Universal saying it would release films in that format from now on, as… more

Mortgage Applications Continue Decline

Week-over-week mortgage applications declined 3.3 percent week-over-week, according to the Mortgage Bankers Association. Meanwhile, refinancing declined seven percent from the prior week, according to the trade group.  But despite that, purchases increased 12 percent from the prior week, MBA says.… more

Missouri Pork Association: Millions of Pigs to be Euthanized

Though the Missouri Pork Association (MPA) applauded President Trump's signing of the Defense Production Act (DPA) to extend funding to pork producers, problems apparently lie ahead. "Hog values have plummeted, and hog farmers are facing liquidation of their farms without… more