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Economy

US stock indexes end mostly higher after volatile day

Investors rode out another turbulent day on Wall Street Thursday that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain. Worries about a possible recession collided with hopes that the strongest part of the U.S. economy — shoppers spending at stores and online — can keep going. The major U.S. stock ...

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US stocks steady after plunge, but caution still reigns

U.S. stocks steadied themselves Thursday amid hopes that the heart of the economy — shoppers spending at stores and online — can stay strong and help avert a recession. Caution continued to dominate markets around the world, though, on worries that economies are already sliding down the slope. The S&P 500 rose modestly in morning trading and clawed back a ...

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US recession fears stalk markets as stocks fall again

Global stock markets fell sharply again Thursday after Wall Street endured its worst day of the year as recession fears in the U.S. and around the world escalated. Investors across financial assets have been gripped by developments in the U.S. bond market. On Wednesday they focused on the fact the yield, or interest rate, on the benchmark 10-year Treasury bond ...

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Stocks slide after bond market warns again of recession

Stocks fell sharply Wednesday after the bond market threw up another warning flag on the economy. The yield on the 10-year Treasury briefly dropped below the two-year Treasury’s yield Wednesday morning for the first time since 2007. The so-called inversion has correctly predicted many past recessions and is the loudest warning bell yet about a possible recession ahead. Investors responded ...

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US delays tariffs on some Chinese goods, drops others

The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said Tuesday that it is still planning to go ahead with 10% tariffs on about $300 billion in Chinese ...

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Flights out of Hong Kong canceled again amid protests

Protesters severely crippled operations at Hong Kong’s international airport for a second day Tuesday, forcing authorities to cancel all remaining flights out of the city after demonstrators took over the terminals as part of their push for democratic reforms. After a brief respite early Tuesday during which flights were able to take off and land, the airport authority announced check-in ...

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Stocks move broadly lower as trade war anxiety lingers

Banks and technology companies drove a broad slide in stocks on Wall Street Monday afternoon that knocked the Dow Jones Industrial Average more than 300 points lower. The sell-off adds to losses that the market racked up last week amid heightened anxiety over the U.S. China-trade war. Investors are coming off of a week of wild swings that ended in ...

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Ray elected Chairman of the Board for MCEE

The Mississippi Council on Economic Education (MCEE) Board of Directors recently announced the election of Johnny Ray as Chairman of the Board for the 2019-20 term. Ray has over 33 years of banking experience and is Executive Vice President and Jackson Regional President for BankFirst. Ray is a Mississippi State University alumnus with a B.A. in Banking and Finance and ...

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Walmart pulls violent game displays; no change on gun sales

Walmart is removing from its stores nationwide signs, displays or videos that depict violence following a mass shooting at one of its stores in Texas, though it has not changed its policy on gun sales. The retailer instructed employees in an internal memo to remove any marketing material, turn off or unplug video game consoles that show violent games — ...

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Stocks move higher as investors push through trade anxiety

Stocks moved broadly higher on Wall Street early Thursday as investors tried to shake off several days of volatile trading brought on by escalations in the U.S.-China trade war. Investors snapped up technology stocks in a signal that they are more willing to take on some risk after several days of fleeing to safer holdings, such as bonds. Microsoft rose ...

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