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US stock indexes move lower in afternoon trading; oil falls

A sharp slide by Target and other big retailers weighed on U.S. stock indexes late Tuesday afternoon, steering the market on course for a lower close. Industrial stocks and phone companies were among the big decliners, while utilities gained the most. Investors were looking ahead to an evening speech by President Donald Trump to both houses of Congress in hopes ...

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Reeves kills bill to collect internet tax, earmark for roads

Lt. Gov. Tate Reeves said Monday that the Mississippi Senate will reject House legislation that would force retailers to collect taxes on internet sales and earmark the money for road and bridge work. Reeves told reporters Monday that House Bill 480 will die in committee Tuesday, at the deadline for committees to act on bills originating in the opposite chamber. That means ...

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Analysis: Bills pass unseen in latest road-money drama twist

It’s one of the eternal truths of the Mississippi Legislature: Most lawmakers vote on bills they haven’t read. That may not square with the idealized, Schoolhouse Rock-vision of the legislative process that’s taught in civics, but there are just too many bills. And unlike in Congress, Mississippi lawmakers don’t each have paid staff members to examine bills for them. Typically, ...

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BILL CRAWFORD: Shift tax burden as recommended or delay tax cuts

The Tax Foundation expert legislative leaders brought in last fall to advise them on tax reform recommended a shift in the state’s tax burden – away from corporate and individual income taxes to user-based taxes.    The key word is “shift.”     User-based taxes – gas taxes, sales taxes, use taxes, etc. – are already on the books in Mississippi. ...

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Mississippi manufacturer betting on a weaker dollar

By JACK WEATHERLY Wayne Wade has concerns about continuing to do business in Vietnam. But it’s not because President Donald Trump “vetoed” America’s participation in the Trans-Pacific Partnership free trade pact. It’s the strong U.S. dollar, said Wade, president of Bio-Soil Enhancers Inc. of Hattiesburg. Vietnam is the company’s biggest customer. The Southeast Asian country would be one of the ...

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Political risks weigh on global markets ahead of oil data

A raft of political risks kept a lid on global stock markets on Wednesday, a day after the Dow Jones industrial average struck a new milestone. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 0.1 percent at 7,176 while Germany’s DAX fell 0.1 percent to 11,539. The CAC 40 in France was 0.3 percent ...

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Internet sales tax bill in limbo after initially passing

The Mississippi House could be on track to reverse itself and eventually kill a proposed internet sales tax. House Bill 480 passed the House on Wednesday, despite opposition from some Republicans who said they oppose any new taxes. The bill would enforce sales tax collections for items sold over the internet, and would earmark the money for road and bridge ...

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US stocks jump following strong January jobs report

U.S. stocks are climbing Friday morning after the government said employers stepped up their hiring last month, another positive sign for the U.S. economy. The biggest gains are going to small-company stocks, which stand to benefit from a pickup in the economy. Banks rose sharply after President Trump took a first step toward scaling back financial industry regulations. Major stock ...

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Stocks rise on hiring survey; Apple climbs on better sales

Stocks are moving higher Wednesday morning after a survey showed private U.S. employers hired new workers at a faster pace in January, a sign that the economy could be getting stronger. Technology stocks are climbing after Apple said iPhone sales improved in its last quarter, which sent its stock to its highest price in more than a year. The market ...

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Weak quarterly reports push stocks lower for a second day

U.S. stocks are falling Tuesday morning following weak fourth-quarter results from companies including UPS and Under Armour. Investors moved money into bonds and stocks that pay large dividends, like utilities. Stocks took losses a day earlier after President Donald Trump imposed a travel ban on seven Muslim-majority countries. KEEPING SCORE: The Dow Jones industrial average fell 127 points, or 0.6 ...

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