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Tag Archives: economy

World Bank forecasting brighter prospects for 2017

The World Bank is forecasting the global economy will accelerate slightly in 2017 after turning in the worst performance last year since the 2008 financial crisis. The 189-nation lending agency said Tuesday that the global growth should expand at a 2.7 percent annual rate this year. That is down from the bank’s June forecast for 2.8 percent growth this year, ...

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Dow hits another record as bank stocks continue to climb

U.S. stocks are rising Monday morning, led by gains in bank stocks, sending the Dow Jones industrial average to another record high. Other major indexes are also up but still below their own all-time highs. European stocks were mostly higher, but Italy’s market fell after Italian voters rejected constitutional changes, dealing a major setback to Premier Matteo Renzi. KEEPING SCORE: ...

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Markets reel as world absorbs shock of UK vote for Brexit

» The Dow Jones industrial average dropped 611 points, or 3.4 percent, its biggest fall since August Britain has jumped. Now it is wildly searching for the parachute. The U.K.’s unprecedented decision to leave the European Union sent shockwaves through the country and around the world Friday, rocking financial markets, toppling Prime Minister David Cameron and even threatening the ties ...

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Deceptive phishing schemes target consumers

As criminals find new ways to commit identity theft and fraud, Attorney General Jim Hood today urged Mississippi consumers to use caution when receiving an email or text message that initially looks likes legitimate correspondence from a bank or business. The reminder comes at the same time some consumers were targets of an email purported to be from a Memphis-based ...

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Jackson confirms budget deficit, cuts ahead

The mayor of Jackson has suggested that the city needs to make cuts, as it has exhausted its fund balance and dipped into emergency reserves. The Clarion-Ledger reports that during a Thursday budget meeting Mayor Tony Yarber proposed cutting Summer Youth Employment Program, funding provided to outside agencies, non-essential purchase or travel requests and non-emergency overtime not previously approved. Yarber ...

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Mississippi continues ‘sluggish’ growth, economist says

JACKSON — The state economist says Mississippi continues to have “sluggish” growth that trails the Southeast and the nation as a whole. Darrin Webb tells lawmakers Wednesday that he expects data will show Mississippi’s economy grew about 1 percent in 2015, following two years of contraction. That compares to 2.4 percent growth last year for the nation — the same ...

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State’s economic growth to show 1 percent rise for 2015

By TED CARTER Not far removed from negative growth in 2013 and zero growth in 2014, Mississippi’s economy grew by an estimated 1 percent in 2015, economists with the Mississippi Research Center report. Even that slight amount of growth surprised state economists who looked at third quarter growth and projected a rise of only a half percentage point, according to the ...

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Mississippi jobless rate jumps as more people seeking work

JACKSON — Mississippi’s unemployment rate jumped in December as the economy didn’t generate enough jobs to absorb more people looking for work. The jobless rate rose to 6.4 percent from 6 percent in November, as the increasing number of job-seekers outstripped the number of new people reporting having a job for the second month in a row. That pushed up ...

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US stocks rise as energy stocks bounce back from big loss

NEW YORK — U.S. stocks are climbing Thursday, led by big gains in energy companies as the prices of crude oil and natural gas recover from steep plunges the day before. Telecom stocks also rose after Verizon reported strong fourth-quarter results. KEEPING SCORE: The Dow Jones industrial average added 146 points, or 0.9 percent, to 15,912 as of 11:23 a.m. Eastern ...

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BILL CRAWFORD — Underperforming state economy thumps state budget

Uh oh.  Money to fund Mississippi government is below target this year and will be less than expected next year.   So much for fully funding MAEP next year, or big tax cuts, or big funding increases for colleges, universities or other state agencies.   And this is a surprise?   Given all the tax cuts, rebates, and credits passed by ...

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