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Tag Archives: banking

Stocks head higher as energy, banks, retailers recover

U.S. stocks are broadly higher Thursday after a sharp drop late in the previous day. Energy companies are rising with the price of oil and retailers are up after a series of strong sales reports. Banks are also climbing as bond yields rise. KEEPING SCORE: The Standard & Poor’s 500 index added 8 points, or 0.4 percent, to 2,361 as ...

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READY FOR RISK? With market soaring, tapping IRA is tempting

By BECKY GILLETTE Investors with IRAs and 401(k)s may have dreams of taking a cruise or buying a new car with the gains they have seen in their retirement accounts since Donald Trump was elected president. The Dow Jones Industrial Average reached a record high of 20,000 in late January, and since then has continued to climb reaching 20,686 by ...

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Bankers group trying a new strategy

By CALLIE DANIELS BRYANT The Mississippi Bankers Association has survived for the last 129 years because it adjusts to changes and remains relevant in the industry. This year is no different, according to MBA President Mac Deaver as he prepares for the 2017 state convention on May 17-21 in Sandestin Golf & Beach Resort. “This year, the MBA began operating ...

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Stocks tread water as banks slip and energy companies rise

U.S. stocks are inching lower Tuesday as a recent drop in bond yields continues to put pressure on banks. Department stores, apparel retailers and handbag makers are falling, but Amazon continues to rise. But energy companies are rising with the price of oil, and stocks are little changed overall. KEEPING SCORE: The Standard & Poor’s 500 index was unchanged at ...

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US stock indexes edge higher in early trading; Oil up

U.S. stock indexes edged higher in morning trading Tuesday, recovering after an early slide. Investors weighed the latest batch of company earnings and economic news. Banks and other financials stocks led the gainers, while phone company stocks were down the most. Energy stocks rose as oil prices were headed higher. KEEPING SCORE: The Dow Jones industrial average rose 38 points, ...

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New Magnolia State Bank branch adds to excitement of downtown Laurel’s revival

By BECKY GILLETTE LAUREL — Magnolia State Bank (www.bankmagnolia.com) recently held a grand opening of its new branch of the bank in a triangular-shaped, landmark historic building downtown that housed the Laurel Mercantile in the late 1800s. “They are bringing new jobs and excitement to the area, but they aren’t new to downtown,” said Jim Rasberry, Rasberry Financial Services, who ...

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US stocks little changed as health care debate continues

U.S. stocks are treading water Thursday morning as investors wait for news about the fate of the Republican-backed health care bill, a centerpiece of President Donald Trump’s business-friendly agenda of cuts to taxes and regulations and greater infrastructure spending. Banks are pulling out of a recent slump as bond yields and interest rates rise while Alphabet, Google’s parent company, leads ...

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US stock indexes wobble; technology gains but energy slides

U.S. stocks are mixed Wednesday as technology companies rise while energy firms fall with the price of oil. Investors are reacting to another drop in bond yields by selling bank stocks and buying high-dividend utility companies. Major indexes are little changed. More stocks are down than up as the market comes off its biggest loss in five months. KEEPING SCORE: ...

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Global stocks mostly higher as oil recovers

Global stocks mostly rose and the dollar weakened on Tuesday as crude oil prices recovered following recent heavy losses. KEEPING SCORE: France’s CAC 40 added 0.4 percent to 5,033 and Germany’s DAX gained 0.1 percent to 12,068. Britain’s FTSE 100 edged 0.1 percent lower to 7,422. U.S. shares were set to advance with Dow futures trading up 0.1 percent and ...

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Stocks remain firm after more strong US jobs figures

Stock markets remained firm Friday after another set of strong U.S. jobs figures cemented market expectations that the Federal Reserve will be confident enough about the state of the U.S. economy to raise interest rates again next week. KEEPING SCORE: In Europe, Germany’s DAX was up 0.6 percent at 12,052 while the CAC 40 in France rose 0.7 percent at ...

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