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Tag Archives: banking

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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Stocks wobble as health care climbs and industrials fall

Major market indexes are mixed Thursday following a three-day losing streak. Industrial companies are down as heavy machinery maker Caterpillar continues to slide. Health care companies are higher and banks are rising along with bond yields. Thursday marks the eighth anniversary of the current bull market. KEEPING SCORE: The Standard & Poor’s 500 index remained at 2,363 as of 3:25 ...

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MORNING MONEY: Global stocks waver after Wall Street losses

Global stock markets traded on a soft note Wednesday after Wall Street fell for a second day following U.S. President Donald Trump’s comments about reducing drug prices. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 0.2 percent at 7,325 while the CAC 40 in France was flat at 4,953. Germany’s DAX was up 0.1 ...

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MORNING MONEY — Health care stocks fall in early trade on reform proposal

U.S. stock indexes are mostly lower in early trading Tuesday, while health care companies, including drugmakers and drug distributors, are falling after Republicans in Congress introduced a bill intended to replace the 2010 Affordable Care Act. Energy and materials companies are also declining. KEEPING SCORE: The Standard & Poor’s 500 index lost 4 points, or 0.2 percent, to 2,370 as ...

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Losses for banks pull US stocks further from record highs

U.S. stocks are falling for the second time in three days as banks return some of their recent gains. They surged last week as interest rates quickly rose. Losses for airlines are pulling industrial companies lower and mining and chemical companies are down after China cut its economic growth forecast. Meat producer Tyson Foods is falling after avian flu was ...

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US stock indexes are off to a mixed start

Stocks are off to a mixed start on Wall Street ahead of a speech by Federal Reserve Chair Janet Yellen later in the day. Investors will be listening for clues Friday on whether the central bank will raise interest rates again later this month. Several companies were moving after reporting their latest quarterly results. Costco slid 3.6 percent after the ...

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