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Banking & Finance

US stocks slip on mixed reports, with utilities skidding

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U.S. stocks slipped Tuesday morning as investors continued to sell phone company and utility stocks. Materials companies are the exception, as they’re trading higher as the dollar weakens. Investors are also sifting through reports that showed inflation remained weak in July, but home building and factory production improved. KEEPING SCORE: The Dow Jones industrial average lost 38 points, or 0.2 ...

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2 elected to MBA board

Eddie Hammond of Winona and Mark Tapp of Booneville have been elected to three-year terms on the Mississippi Bankers Association Board of Directors. Hammond will represent his region of the state on the Board, which governs the 127-year-old association. MBA’s membership includes commercial banks and savings institutions operating in Mississippi, and the association’s members hold over 95 percent of bank ...

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Butler Snow hires Weyl

Stephen E. Weyl is joining the Butler Snow law firm and will practice in the firm’s public finance, tax incentives and credit markets groups. Weyl has years of public finance experience that is national in scope. He will practice in Boston. Weyl is AV-rated by Martindale Hubbell. He is recognized in The Best Lawyers in America for public finance law ...

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US stock indexes edge lower as investors weigh economic data

A board above the trading floor of the New York Stock Exchange.

U.S. stocks edged lower in early trading Friday, as investors weighed new data showing retail sales and producer prices come in softer than expected in July. Health care companies and banks were among the biggest decliners, while utilities led the gainers. The market was coming off all-time highs set by the three major stock indexes a day earlier. KEEPING SCORE: ...

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Banks to farmers: Be proactive in responding to falling commodity prices


By BECKY GILLETTE The agricultural economy continues to experience a downturn in which low commodity prices have reduced farm incomes, and concerns about liquidity have reached an all-time high, said Steve Apodaca, senior vice president of the American Bankers Association Center for Agricultural & Rural Banking, who spoke this week at the Mississippi Bankers Association Agriculture Conference in Jackson. With lower ...

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Q&A — Credit union feeling shifts in business


By LISA MONTI  Jimmy Smith, president and CEO of Singing River Federal Credit Union since 1993, was elected to the board of directors in 2002 and currently serves as chairman of the Mississippi Credit Union Association. Smith has an MBA from William Carey University and a banking and finance degree from the University of Southern Mississippi. Among his professional affiliations, ...

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Stocks flirt with records as Macy’s soars, oil rebounds

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U.S. stocks advanced Thursday as better-than-expected economic data and a rebound in oil prices boosted sentiment among Wall Street investors. Weekly jobless claims pointed to continued low levels of layoffs while both import and export prices inched up despite a decline in fuel costs, suggesting a possible pick up in inflation. The S&P 500 index SPX, +0.20 percent  was up 8 points, or 0.4 percent, ...

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Global stocks ease back after earnings-driven gains

NASDAQ stocks

Global stocks mostly fell Wednesday, amid quiet summer trading and questions about the sustainability of some indexes’ rise to record highs. KEEPING SCORE: Britain’s FTSE 100 was down 0.2 percent at 6,836 while France’s CAC 40 dipped 0.3 percent to 4,454. Germany’s DAX fell 0.5 percent to 10,642. Futures augured a lukewarm opening on Wall Streets. Dow futures were flat ...

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US stocks turn mixed in afternoon trading as oil slides

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U.S. stock indexes wavered between small gains and losses in afternoon trading Tuesday, reversing some of Monday’s gains. Energy stocks weighed on the market as the price of crude oil veered lower. Health care, technology and consumer-focused companies were among the gainers. KEEPING SCORE: The Dow Jones industrial average slid 17 points to 18,512 as of 2:36 p.m. Eastern time. ...

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US stock indexes drift lower in morning trading; oil up

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U.S. stocks edged lower in morning trading Monday as investors sized up the latest company earnings and deal news. The major stock indexes were coming off new highs set last week following a strong U.S. jobs report. Energy stocks surged the most as oil prices rose, while health care companies were the biggest laggard. KEEPING SCORE: The Dow Jones industrial ...

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