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Eyeing retirement in Mississippi? Consider carefully

By BECKY GILLETTE A lot of factors need to be taken into consideration when deciding when to retire. One of the most important decisions for many Americans is when to start taking Social Security benefits. While the government and most financial advisers recommend people wait to take Social Security at least until they reach their full retirement age (which is ...

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Trump’s troubles lead US stock indexes lower in early trading

Banks and other financial companies led U.S. stocks sharply lower in midday trading Wednesday as bond yields tumbled. Investors fretted that the latest turmoil in Washington could hinder President Donald Trump’s pro-business agenda. Technology and industrial stocks were among the big decliners, while real estate companies were up the most. KEEPING SCORE: The Standard & Poor’s 500 index fell 26 ...

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March and April lead to rebound in state revenue

By BOBBY HARRISON / Daily Journal Personal income tax collections for April – an astounding 36 percent above the amount collected in April 2016 – have played a key role in helping state tax revenue recover for the current fiscal year. For much of the fiscal year, which ends June 30, the state was collecting less in revenue than it ...

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Analysis: Improved revenue a counterpoint to credit worries

Getting better or getting worse? That’s the question Mississippi leaders are debating after the third major credit rating agency warned last week that it was concerned about weakness in state finances and the overall economy. For credit rater Standard & Poor’s Financial Services, the answer is “getting worse.” The agency didn’t downgrade Mississippi’s credit rating last week, but did change ...

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UPDATE: S&P latest to hit Mississippi with negative credit outlook

  By TED CARTER It could have been worse. That’s the assessment Mississippi State Treasurer Lynn Fitch made after a Standard & Poor’s credit outlook downgrade to negative for Mississippi’s general obligation bond debt. Mississippi’s gets to keep its AA rating from S&P Global Ratings, but the ratings agency doesn’t see a fiscal turnaround ahead for the state any time soon. ...

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State thus far has not benefited from ‘Trump effect’

  By JACK WEATHERLY In the short view, the outlook for the Mississippi economy has improved nicely. The economy for 2017 is projected by the Institutions of Higher Learning’s University Research Center (URC) to expand by 1.9 percent over 2016, up 0.4 percentage points from the last previous estimate. But the expansion is far below the 2.6 percent growth for ...

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Credit rater warns on Mississippi, citing economy and taxes

Another credit rating agency is warning that the financial outlook for Mississippi government finances is weakening. Standard & Poor’s Financial Services on Tuesday downgraded its outlook for state government credit rating to negative from stable. S&P didn’t actually cut Mississippi’s debt ratings, but warned that it could later, saying it expects a budget squeeze to continue because of slow economic ...

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Stocks tick higher, S&P 500 flirts with record

Stock indexes ticked higher on Wednesday, and the Standard & Poor’s 500 index flirted with its record high, as the White House unveiled a broad outline of its plan to cut tax rates. The market has sprinted higher since November, due in large part to expectations that lower taxes and looser regulations for businesses are on the way. White House ...

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Healthy profits push stocks higher yet; Nasdaq crosses 6,000

Profits are climbing for companies, and so are their stock prices. More big businesses joined the earnings parade Tuesday, saying their profits were even larger in the first three months of the year than analysts were expecting, including Caterpillar and McDonald’s. The encouraging reports pushed U.S. indexes to their second straight day of big gains, placing them either close to ...

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US stocks follow global markets higher after French election

U.S. stocks joined a worldwide rally Monday morning after election results in France over the weekend raised expectations that the European Union and euro currency will remain intact. A candidate seen as pro-business won the most votes in Sunday’s vote, and many investors expect him to win a runoff election against the remaining anti-EU candidate, which is set for May ...

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