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Tag Archives: banking

An early gain for stocks is gone by midday; retailers sink

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

  NEW YORK — U.S. stocks are wavering between small gains and losses at midday after a mid-morning rally faded. Retailers had some of the biggest losses Thursday. Ralph Lauren plunged 17 percent after its revenue fell short of forecasts. Kohl’s also sank 17 percent. GoPro tumbled 13 percent after the maker of wearable cameras issued disappointing results. The price ...

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US stocks are little changed in early trade; oil price rises

Financial Markets Wall Street

NEW YORK — U.S. stocks are wavering between small gains and losses Thursday morning following a sharp sell-off the day before. The price of oil is climbing for the third consecutive day as key oil-producing nations discuss cuts in production. Strong earnings are propelling Facebook and Under Armor higher. KEEPING SCORE: The Dow Jones industrial average was off 22 points, ...

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Waycaster elected president of Renasant

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TUPELO — Renasant Corporation Chairman and Chief Executive Officer E. Robinson McGraw has announced that the board of directors of Renasant Corporation (the “Company”) and Renasant Bank unanimously elected C. Mitchell Waycaster as President and Chief Operating Officer of both the Company and Renasant Bank. McGraw will remain in his capacity as Chairman and Chief Executive Officer for both the Company and Renasant Bank. Waycaster has ...

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Wall Street slides into correction; oil falls below $30

Financial Markets Wall Street

Associated Press Never before has Wall Street gotten off to a worse start to a year. The stock market capped the first two weeks of 2016 with a steep slide Friday that sent the Dow Jones industrial average down nearly 400 points. All three major stock indexes — the Dow, the Nasdaq composite and the Standard & Poor’s 500 — ...

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(UPDATE) US stocks rebound a day after plunge, led by energy sector

stocks

The major U.S. stock indexes veered higher in afternoon trading, recovering from an early slide. Energy companies led the rally, climbing along with the price of crude oil. The gains came a day after the market had its worst drop since September. Exxon Mobil and Chevron each jumped about 5 percent, by far the largest gains in the Dow Jones ...

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IKE TROTTER — Pay yourself first on payday

Blank Check

Every so often, the news will report on how the rich are getting richer, the poor getting poorer and how the gap between the two is growing. The demonstrations by Occupy Wall Street protestors a couple of years back was a perfect example of what some consider as economic inequality in today’s financial world. If the world were perfect, however, ...

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Rate hike effect on borrowers likely minimal

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By LISA MONTI The Federal Reserve’s much anticipated interest rate hike is not going to have significant impact on most people, and whether rates will continue to rise depends on the economy showing continued signs of improvement. That’s the long-story-short view of Jerry Host, president and CEO of Jackson-based Trustmark National Bank, which has more than 200 locations in the ...

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ED WILMESHERR — Life in the post-subprime mortgage era 

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Banks in general, and community banks in particular, have experienced eight years of challenges, beginning with the first days of the great recession in 2007. The years 2007 and 2008 were a time of liquidity crisis and fallout from the housing bubble and the so-called subprime mortgage crisis. Bank regulatory agencies imposed extraordinary scrutiny upon banks, their loan portfolios, their ...

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Stocks open higher, led by gains in technology, energy

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U.S. stocks are opening higher, led by gains in big technology companies, which have had a rough start to the year. Intel and Apple each rose 2 percent in early trading Tuesday, the biggest gains in the Dow Jones industrial average. Energy stocks also did well in the early going as the price of oil turned higher. It had slumped ...

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US stocks moved lower following another drop in China, oil

stocks

U.S. stocks veered lower in morning trading Monday, shedding some of the gains from earlier in the day. Energy companies were among the biggest decliners as the price of crude oil fell. Investors were also weighing the latest market drop in China. KEEPING SCORE: The Dow Jones industrial average fell nine points, or 0.1 percent, to 16,336 as of 11:23 ...

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