Missouri

March unemployment rate drops, new jobs on the rise

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KCI single terminal project rounds halfway finish point

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Fate of Kansas City earnings tax up for a vote on April 6 ballot

On Tuesday, April 6, Kansas City, Missouri, voters will decide on the one percent city earnings tax. The tax is paid by city residents, non-residents who work in the city and businesses located in the city. According to the city,… more

Sale of Custom Truck One Source closes at $1.48B

The acquisition of Kansas City-headquartered Custom Truck One Source has been finalized, the specialized truck and heavy equipment solutions provider selling to Nesco Holdings, Inc.  News of the acquisition was originally announced back in December 2020. Today, the transaction closed… more

Weekly jobless claims rise above Dow Jones estimate

In the week ending March 27, the advance figure for seasonally adjusted initial claims was 719,000, an increase of 61,000 from the previous week's revised level. The previous week's level was revised down by 26,000 from 684,000 to 658,000. The… more

PPP loan application deadline extended through end of May

Earlier this week, President Joe Biden signed the PPP Extension Act of 2021, extending the Paycheck Protection Program an additional two months to May 31. “Nearly 90,000 business owners are still in line, and there’s money left,” Biden said. For… more

Prime Capital adds $50M AUM with acquisition

Prime Capital Investment Advisors (PCIA) closed on a deal Thursday bringing on Arkansas-based Sphere Wealth Management. The transaction adds $50 million in assets under management (AUM) to Prime's $11.2 billion in AUM. The deal has added more than 200 families… more

In a Nutshell: Fed Optimistic, But Are Investors?

Stocks swung wildly following last week’s FOMC's highly anticipated meeting as the yield curve pulled back, steepened, then pulled back once more.  The central bank sharply upgraded its 2021 GDP growth forecast to 6.5%, the largest annual output since 1984,… more

KC Council passes $1.78B budget

The Kansas City Council signed off on a $1.73 billion budget for the 2021-22 fiscal year. The measure revisited borrowing money for infrastructure, included money for tenant advocacy and deferred tapping into $195 million in stimulus funds. After objections that… more

Children’s Mercy KC begins vaccinating younger age groups

On Thursday, Children's Mercy Hospital began a series of vaccination clinics for some of the youngest people eligible to get the shot. The hospital is holding three clinics for people age 16 to 21 to get the Pfizer vaccine, which… more