Kansas

Producer Price Index Sees Biggest-Ever Drop

The Producer Price Index fell 1.3 percent in April, the biggest decline in the history of the report, said the U.S. Bureau of Labor Statistics. "In April, over 80 percent of the decrease in the final demand index can be… more

Fauci Warns Against Reopening Too Soon

Dr. Anthony Fauci, a member of the White House COVID-19 task force, warned that cities and states reopening too soon could have a major negative impact if those locales don't have the proper resources to deal with an uptick in… more

House Proposes Another $3T in Stimulus

House Democrats have proposed another stimulus bill, totaling $3 trillion, in response to economic damage caused by the COVID-19 pandemic. It would follow the $2 trillion stimulus bill passed in March, though the measure is not expected to make it… more

April Commercial Real Estate Price Index Falls

A price index for commercial real estate fell by 9.4 percent in April and is down by 10.4 percent below its peak from last year. Investment and research firm Green Street Advisors said that retail and hotel assets are doing… more

Multifamily Leasing Goes Virtual

Since there are social-distancing rules in several states and municipalities, signing a lease for an apartment can't be done in person. But people still have to move from one location to another. To combat that, some multifamily landlords have adopted… more

Malls Reopening This Week

Oak Park Mall, Independence Center, and other area malls are reopening this week, as stay-at-home orders are relaxed in several area municipalities. Oak Park, in Overland Park, is opening tomorrow, with 11 a.m. to 7 p.m. hours, while Independence Center… more

New KC Home Listings Up, But Still a Major Drop

New home-listing sales pending are up week over week by 4.5 percent in the Kansas City metro area, according to Zillow, which might show a slight rebound in the housing market. But it's not a major correction in the downturn… more

COVID-19 Lawsuits Might be Restricted in Kansas

There is bill being proposed in the Kansas Legislature that would limit the lawsuit liability business owners would face from legal action related to COVID-19. Proposed by the Kansas Chamber of Commerce, the bill could be considered May 21, when… more

Hyatt Laying Off 1,300 Employees

Hyatt Hotels, which has locations in Johnson County, Kan., and by KCI airport, is laying off 1,300 workers company wide, due to a steep drop in travel caused by COVID-19. During its first quarter, Hyatt lost $103 million due to… more

Amazon Looking at AMC Buy?

AMC Theatres, which has been closed and reportedly facing bankruptcy during the COVID-19 pandemic, might look like a good bet for one of the world's biggest companies. A report came out recently that Amazon is looking to acquire the Overland… more