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Economy

Stocks slide as rate cuts stoke fear of an economic slowdown

U.S. stocks tumbled in early trading Wednesday as central banks around the world cut interest rates and increased fears that global growth is being crimped by the U.S.-China trade war. Every major U.S. index fell in the early going, putting stocks back on a course for losses after briefly breaking a six-day losing streak on Tuesday. Investors were back in ...

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US stocks claw back lost ground as China stabilizes currency

Stocks bounced back in early trading Tuesday on Wall Street, a day after their worst loss of the year, as China eased some of the pressure in its trade war with the U.S. by stabilizing its currency. Technology stocks led the market higher in a reversal of Monday’s slump, when they bore the brunt of the market sell-off that pushed ...

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China threatens retaliation for Trump’s planned tariff hike

China on Friday threatened retaliation if U.S. President Donald Trump’s planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing’s trade surplus and technology ambitions. Trump rattled ...

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McComb considers property tax increase to improve streets

A Mississippi city could increase its property tax rate a few dollars a year to pay for street improvements. The Enterprise-Journal reports McComb officials have already set a tax increase to pay for a gymnasium, so the increase for roads would be the second one. Mayor Quordiniah Lockley says to eliminate pot holes, the city needs to pave. And to ...

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Oxford ranks 9th in nation on micropolitan strength

The latest economic strength rankings from POLICOM Corp. rank Oxford  as number 9 out of 551 micropolitan statistical areas in economic strength across the United States. This year’s rankings moved Oxford from 49th last year, making it among the top 10 micropolitan statistical areas. Oxford is the the highest ranked micropolitan area in the South. The next highest ranking Southern ...

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Economic Education board elects Mosley to be chairman

Brooks Mosley The Mississippi Council on Economic Education Board of Directors recently elected Brooks Mosley as chairman of the board for the 2018-19 term. Brooks is the president of Ballew Wealth Management. As preseident of Ballew Wealth Management, he advises clients, particularly in retirement investing. Brooks’ other responsibilities include business development and compliance, as well as administrative and management functions. ...

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MSU’s Coble elected to AAEA leadership

Keith Coble from Mississippi State University has been named the incoming President-Elect for the Agricultural & Applied Economics Association’s (AAEA) Executive Board. Coble says: “We have both challenges and opportunities ahead of us. By working together [with the other board members], we can advance AAEA.” Joining the Board of the Directors this year are Marc Bellemare from the University of ...

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MCEE adds to its Board of Directors

The Mississippi Council on Economic Education (MCEE), which provides professional development for K-12 teachers and programming for K-12 students in economics, personal finance and entrepreneurship, has added to its 45-seat board of directors. Beginning three-year terms are: John Boydston, VP Commerical Banking, Regions Bank; Brad Davis, Special Counsel, Jones Walker; Rachel De Vaughan, Director of Special Programs, MS Community College ...

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National forests brace for next pine beetle onslaught

By JACK WEATHERLY Early signs are that national forests in Mississippi will face a second consecutive year of a severe Southern pine beetle outbreak, threatening to damage tens of thousands of acres, according to the National Forest Service. The national forests were hit harder last year than private stands. Approximately 23,000 acres were affected in the national forests, according to ...

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Manufacturing pushes state’s economy for February

By JACK WEATHERLY jack.weatherly@msbusiness.com The Mississippi Manufacturing Employment Index surged in February by 6.4 percent over January – the largest monthly increase in nearly a quarter century, according to the Mississippi Institutions of Higher Learning’s University Research Center. That was 2.6 percent higher than a year earlier, according to the report. “The average weekly hours of work of production employees ...

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