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Algal bloom cost Mississippi Coast tourism $4.1 million in June, July

By JACK WEATHERLY Beaches on the Mississippi Gulf Coast were given the green light earlier this month after a summer-long shutdown of coastal waters were declared free of  harmful algal bloom caused by an influx of fresh water from upstream flooding. The good news follows a loss of $4.1 million, or 3 percent to 8 percent, in room revenue for ...

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US stocks hang close to records after mixed profit reports

U.S. stock indexes held close to their record highs following a mixed set of earnings reports Wednesday, where some big companies topped Wall Street’s expectations and others warned that the slowing global economy and trade tensions are hitting their profits. The S&P 500 flipped between small gains and losses as trading opened for the day, similar to how it’s been ...

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Pre-holiday blues? Economy, tariffs cloud retail outlook as 4Q approaches

The slowing economy has made Kim Hawkins’ bridal customers hesitant about splurging, even for their big day. “They’re getting some of the more simple centerpieces, like glass vases or candles rather than the more extravagant centerpieces,” says Hawkins, owner of Events Wholesale, a Watkinsville, Georgia-based company that sells decorative items for weddings, parties and other events. Hawkins has also noticed ...

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US stocks fall ahead of Fed decision on interest rates

Stocks moved broadly lower on Wall Street in afternoon trading Wednesday ahead of a highly anticipated decision from the Federal Reserve on interest rates. The Fed is expected to cut its benchmark interest for a second time this year. Close attention will be paid to any clues Fed Chairman Jerome Powell gives about future rate policy during a 2:30 p.m. ...

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Stocks slip as surge in oil brings fresh economic worries

Stocks fell broadly on Wall Street in afternoon trading Monday after an attack on Saudi Arabia’s biggest oil processing facility sent crude prices soaring. The attack, which Yemeni rebels said they were behind, raised worries about the risk of more disruptions for oil at a time when the global economy’s strength is already seen as shaky. President Donald Trump warned ...

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With Trump trade war a threat, Fed is set to cut rates again

For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump’s trade war with China. After that, no one — not even the Fed itself — seems sure what it will do. The economic landscape looks too hazy ...

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Energy prices spike after Saudi oil attack as US blames Iran

DUBAI, United Arab Emirates — Global energy prices spiked Monday by a percentage unseen since the 1991 Gulf War after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, further fueling heightened tensions between Iran and the U.S. American officials released satellite images of the damage at the heart of ...

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US stocks are mixed as health care gains, tech drops

U.S. stocks gave a mixed performance in early trading on Friday as health care, banks and industrial companies gained ground and offset a decline in technology stocks. Still, stocks are on track for their third straight weekly gain, having been bolstered in prior sessions by an easing of tensions in the U.S.-China trade war. Bond yields rose sharply after the ...

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Stocks move higher as investors pivot after broad sell-off

Stocks moved broadly higher on Wall Street Wednesday as investors pivoted to riskier holdings a day after taking shelter from the latest salvos in the ongoing trade war between the U.S. and China. Investors snapped up technology, industrial and bank stocks. Encouraging overseas developments helped paint a more stable economic picture, despite the ongoing trade war. Politicians in Britain are ...

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Time to pay up? Minimum wage increase would bring benefits, consequences

By DENNIS SEID / Daily Journal TUPELO • Clay Knight, the owner of Todd’s Big Star, thinks the minimum wage could be raised – but not to $15 an hour. “It would probably cut out all our sack boys,” he said of the grocery sackers, most of whom are high school students who often help customers take their purchases to ...

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