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Analysis: Mississippi tightens bond rules for long-term debt

Don’t take on long-term debt to cover day-to-day expenses. Don’t use credit to buy stuff that will wear out before it’s paid off. It’s advice many parents give their soon-to-be adult children. And, in a nutshell, it’s what the Mississippi Bond Commission says in rules it recently adopted. The rules were written partly in response to a $308 million bond ...

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US stocks move higher as banks surge with bond yields

Bank stocks are climbing Monday morning as bond yields continue to rise. Bond yields are climbing to their highest levels this year, which points to higher interest rates and bigger profits for banks from lending money. Investors have been selling bonds, pushing yields higher, as they expect the spending plans of president-elect Donald Trump to lead to higher inflation. The ...

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Stocks mixed as investors seek clarity on Trump policies

Global stocks were mixed on Friday and the dollar steadied, as investors sought greater clarity on the upcoming economic policies of President-elect Donald Trump. KEEPING SCORE: France’s CAC 40 fell 0.7 percent to 4,498, while Germany’s DAX was up 0.3 percent at 10,661. Britain’s FTSE 100 shed 1 percent to 6,761. U.S. shares appeared headed for a weaker open a ...

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Trump rally in stock markets still has legs

The rebound in share prices around the world following the election of Donald Trump as the next U.S. president continued Thursday, with Asia partaking in the gains and the dollar rising further. The market mood has turned around dramatically since the immediate aftermath of Trump’s victory, which prompted widespread selling Wednesday in Asia. On Thursday, Asian shares posted hefty gains ...

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Adams County officials agree to pay missing retirement funds

Adams County supervisors have agreed to pay retirement benefits to former hospital employees. The Natchez Democra reports that the Adams County Board of Supervisors agreed on Monday to pay the Mississippi Public Employee Retirement System nearly $450,000. The decision has come two years after the Natchez Regional Medical Center filed for bankruptcy and missed payments to PERS. Medical center employees ...

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Fitch puts stable outlook on state bond refinancing

Ratings agency leaves ‘negative’ outlook in place for other debt   By TED CARTER Successful refinancing of $226.5 million in general obligation bonds in the next few days could erase a $14 million debt-service deficit legislators failed to address in their last session. The refinancing would apply to general obligation bonds issued in previous years. The state’s hopes for a ...

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Mississippi’s Hood asks court to legalize online sales tax

Mississippi’s attorney general is signing up for a court challenge to overturn a federal ban of online sales taxes. Jim Hood said Monday that he and 10 other attorneys general have filed a friend-of-the-court brief asking the U.S. Supreme Court to overturn a 1992 decision in a North Dakota case that bars states from collecting sales taxes on internet purchases. ...

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US stocks close broadly higher as investors eye election

Investors remained in a buying mood on Election Day, sending U.S. stocks broadly higher and building on big gains from a day earlier. Safe-play stocks such as utilities and phone companies were among the biggest gainers Tuesday. Energy companies were essentially flat. Investors focused on the U.S. presidential election, which rattled financial markets in recent weeks as polls between Hillary ...

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US stocks sharply higher in afternoon trading; oil rises

U.S. stocks surged in afternoon trading Monday, putting the market on course to snap a nine-day losing streak. Financial and health care stocks led the broad rally, as investors focused on the latest turns in the presidential race in the final hours before Election Day. The FBI announced late Sunday that its review of newly discovered Hillary Clinton emails found ...

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D.C.-based tax policy group has ear of legislative leaders

By BOBBY HARRISON The study committee formed in the summer by House Speaker Philip Gunn and Lt. Gov. Tate Reeves to make recommendations to the full Legislature on possible changes to the state tax structure apparently will depend on the Washington D.C.-based Tax Foundation for most of its information. The specially appointed committee, consisting of legislators and a representative of Gov. ...

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