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Tag Archives: money

Most Mississippi agencies banned from car purchases for year

Most Mississippi government agencies will be banned from buying vehicles for a year, as a way to save money in a tight budget. The vehicle moratorium is in House Bill 938 . Republican Gov. Phil Bryant signed the bill April 6, and it becomes law July 1. A few exceptions will be allowed. The Department of Child Protective Services, which ...

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US stock indexes slide in afternoon trading; oil rebounds

U.S. stocks edged lower in late-afternoon trading Tuesday, led by declines in banks and technology companies. Real estate stocks notched the biggest gains. Bond yields fell and the price of gold rose as investors monitored heightened geopolitical tensions. Oil prices recovered after an early slide. KEEPING SCORE: The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to ...

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State finally has good month of collections

By BOBBY HARRISON / Daily Journal State revenue collections, which have been sluggish for more than a year, spiked in March even as the Legislature was ending the 2017 session by making major budget cuts because of those ongoing revenue woes. Collections for the month of March were $52.4 million or 12.5 percent above the official estimate, according to information ...

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US stocks surge early after strong private payroll report

U.S. stocks are jumping Wednesday morning after a survey of private businesses showed that hiring was very strong last month. Panera Bread is climbing after the sandwich and soup chain agreed to be bought by European conglomerate JAB for more than $7 billion. Companies that are tightly linked to the performance of the economy, including transportation companies and smaller domestic ...

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US stocks climb after strong private payroll report

U.S. stocks are climbing Wednesday after a survey of private businesses showed that hiring was very strong last month. That was a relief to investors, who were worried about spending after a weak report on auto sales earlier this week. Energy and basic materials companies are making some of the biggest gains, and the Nasdaq composite is on track for ...

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Lawmakers say Bryant can use another $50M to cover deficits

Mississippi lawmakers are giving Gov. Phil Bryant permission to withdraw another $50 million from state reserves to cover deficits in the budget year that ends June 30. The House and Senate Tuesday approved Senate Bill 2649 and sent it to Bryant, who is expected to sign it. Bryant has cut $171 million from the state budget since July. He has also withdrawn ...

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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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Hood deposits $34M, lobbies for mental health spending

As budget writers try to stretch Mississippi’s cash to cover its needs, Attorney General Jim Hood is chipping in $34.4 million. The Democratic attorney general announced Thursday that he had deposited the winnings from lawsuits into the state’s general fund. Most of the money came from a $26 million settlement with credit rating agency Moody’s Corp. announced in January. Hood ...

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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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