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Tag Archives: money

Miss. gets $33M in federal funds for emergency operations

A federal grant totaling $33 million is coming to Mississippi to be used to beef up coordination among emergency responders statewide. Vicki Helfrich, executive director of the Mississippi Wireless Communications Commission, tells The Clarion-Ledger the money will be used to create and upgrade technology that will allow first responders in the state to view and share data. Helfrich says the ...

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Stocks fall after record run as consumer companies slip

U.S. stocks are opening lower Monday after they set records throughout last week. Consumer companies and banks are taking some of the largest losses. Energy companies are climbing as the price of oil jumps. KEEPING SCORE: The Dow Jones industrial average sank 55 points, or 0.3 percent, to 19,097 as of 9:42 a.m. Eastern time. The Standard & Poor’s 500 ...

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Mississippi jobless rate falls in October, payrolls fall

October sent mixed signals in Mississippi’s labor market, with unemployment improving but payrolls worsening. The state’s unemployment rate fell to 5.9 percent from 6 percent in September, and was below October 2015’s 6.5 percent. The number of workers and people reporting jobs rose strongly, and people unemployed fell below 75,000 for the first time since 2004. Mississippi had September’s fifth-highest ...

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Mississippi joins fight for legal sports betting

Mississippi and several other states have joined New Jersey’s fight to legalize sports betting in a brief filed with the U.S. Supreme Court. The Clarion-Ledger reports Attorney General Jim Hood signed onto the brief submitted by West Virginia Attorney General Patrick Morrisey, as did the attorneys general of Arizona, Louisiana and Wisconsin. New Jersey in October appealed a lower court’s ...

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Gov. Bryant places priority on reserves in his budget plan

By BOBBY HARRISON Gov. Phil Bryant is placing a priority on restoring state reserve funds in his budget proposal for the upcoming fiscal year, which starts July 1. The second-term Republican governor broke with the tradition of holding a news conference to release his budget proposal and did so instead Tuesday morning via social media. In defending his proposal to ...

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US stocks move higher as banks surge with bond yields

Bank stocks are climbing Monday morning as bond yields continue to rise. Bond yields are climbing to their highest levels this year, which points to higher interest rates and bigger profits for banks from lending money. Investors have been selling bonds, pushing yields higher, as they expect the spending plans of president-elect Donald Trump to lead to higher inflation. The ...

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Trump rally in stock markets still has legs

The rebound in share prices around the world following the election of Donald Trump as the next U.S. president continued Thursday, with Asia partaking in the gains and the dollar rising further. The market mood has turned around dramatically since the immediate aftermath of Trump’s victory, which prompted widespread selling Wednesday in Asia. On Thursday, Asian shares posted hefty gains ...

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Fitch puts stable outlook on state bond refinancing

Ratings agency leaves ‘negative’ outlook in place for other debt   By TED CARTER Successful refinancing of $226.5 million in general obligation bonds in the next few days could erase a $14 million debt-service deficit legislators failed to address in their last session. The refinancing would apply to general obligation bonds issued in previous years. The state’s hopes for a ...

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US stocks close broadly higher as investors eye election

Investors remained in a buying mood on Election Day, sending U.S. stocks broadly higher and building on big gains from a day earlier. Safe-play stocks such as utilities and phone companies were among the biggest gainers Tuesday. Energy companies were essentially flat. Investors focused on the U.S. presidential election, which rattled financial markets in recent weeks as polls between Hillary ...

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US stocks sharply higher in afternoon trading; oil rises

U.S. stocks surged in afternoon trading Monday, putting the market on course to snap a nine-day losing streak. Financial and health care stocks led the broad rally, as investors focused on the latest turns in the presidential race in the final hours before Election Day. The FBI announced late Sunday that its review of newly discovered Hillary Clinton emails found ...

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