Kansas

Feds Keep Interest Rates at Zero

The Federal Reserve Bank is keep interest rates between zero and one-quarter of percent as a result of negative economic impact caused by COVID-19. "The Committee expects to maintain this target range until it is confident that the economy has… more

Federal Guidelines on Social Distancing Expire Today

Though localities around the Kansas City metro area will allow businesses to open in phases next week, the federal government's guidelines on social distancing expired today. As a result President Trump said he would soon travel to Arizona, which is… more

Cerner Revenue, Earnings Rise

Kansas City-based healthcare-tech giant Cerner reported that it had increases in sales and earnings during its first quarter, despite impacts other businesses have sustained during the COVID-19 pandemic. However, executives lowered their earnings-per-share guidance for the year to between $2.78… more

Medical Office COVID-19 Impact Considered ‘Manageable’

Though COVID-19 will inflict some pain on the medical-office sector of commercial real estate, as it is for other industries, this building type is expected to bounce back relatively quickly, according to a Marcus & Millichap report. Last year, there… more

COVID-19 Deaths Vary in KC Metro by County

The Kansas City Metro area has seen varying reports of COVID-19, depending on the county that people live in, which is also indicative of the counties that people live in and their respective populations. Here are the current number of… more

GDP Sees Biggest Drop Since Recession

Gross Domestic Product fell 4.8 percent during the first quarter, which reportedly the first quarterly decline since 2014 and the biggest drop since the first quarter of 2008, when it dropped 8.4 percent. The U.S. Bureau of Economic Analysis says… more

Garmin Quarter Strong in Face of COVID-19

Garmin was a rare bright spot in public-company earnings during its first quarter despite an economy challenged by COVID-19. The Olathe-based GPS-device maker saw earnings per share rise 25 percent quarter over quarter, while revenues were up 17 percent year… more

UMB Posts Rare Quarterly Loss

UMB Financial Corp. reported a loss of $3.4 million during its first quarter, a sharp contrast from its other recent financial periods. During last year's fourth quarter, the bank's earnings were $66.5 million, and it brought it $57.7 million over… more

Contractor Confidence Hits Record Low

Expectations for sales, profit margins and staffing levels expectations fell below the threshold of 50 for the first time in the history of the  Associated Builders and Contractors (ABC) Construction Confidence Index. Sales expectations, due to COVID-19, decreased from 68.3… more

Hotel Industry Asks Congress For Aid

The hotel industry, which has been plagued by the impact of COVID-19 and seen its occupancy plunge due to a severe downturn in travel and business meetings, is asking Congress for help. In a letter to Congress, the American Hotel… more