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2 Ex-Mississippi workers face house arrest for embezzlement

Two former Mississippi employees will not serve prison time for stealing water bill fines. The SunHerald says Kenya Bowens and Lakeshia Benton will serve two years under house arrest and five years on post-release supervision for embezzling nearly $14,000 from the Moss Point water department. Judge Dale Harkey sentenced both women to a total of 12 years in prison Tuesday, ...

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Stocks rise after US deal with Mexico; car companies rise

U.S. stocks moved broadly higher in early trading Monday on Wall Street after the U.S. and Mexico averted a trade war and potentially damaging tariffs, while several companies inked billion-dollar deals. The solid opening follows the strongest week for stocks since November. U.S. President Donald Trump suspended plans to impose tariffs on Mexican goods after the nations managed to strike ...

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US hiring slows amid trade tensions, weaker global economy

U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth and widening trade conflicts. Last month’s modest job gain followed a much healthier increase of 224,000 in April. The Labor Department said Friday that the unemployment rate remained at a nearly 50-year low of ...

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US stocks edge higher as investors wait for trade updates

Major U.S. stock indexes edged mostly higher in afternoon trading Thursday as investors await signs of progress in trade negotiations between the U.S. and Mexico. The muted trading followed two days of gains driven by investors betting that the Federal Reserve could cut interest rates this year. Fed Chairman Jerome Powell said Tuesday that the central bank would “act as ...

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Asian stocks mixed after Trump threatens Mexico tariffs

Asian stocks were mixed on Thursday as traders kept a close watch on impending U.S. tariffs on Mexico while trade talks with Beijing remained at a standstill.Japan’s Nikkei 225 index added 0.3% to 20,832.46 while the Shanghai Composite index lost 0.5% to 2,848.34. The benchmark in Shenzhen, a smaller, more domestic-oriented market, tumbled 1.5% to 1,471.73. Hong Kong’s Hang Seng ...

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HOME TOWN — Rasberry helps make Laurel a special place to live

By NASH NUNNERY To say Jim Rasberry loves his hometown of Laurel might be the understatement of the century. In 2006, Rasberry Financial Services was one of a handful of tenants occupying the city’s once-bustling downtown. Many small businesses had left for other areas of town. Federal urban renewal projects had turned the center of Laurel into what resembled a ...

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Your home as a retirement asset? Yes, but higher returns are possible

By TED CARTER Retirement security may await at the end of a rainbow, but is leaving a home behind the best way to get to it? Yes and no, a financial planner and finance professor say. But for Gary Parker, it’s not even a close call. Homeownership and retirement security are synonymous, he says. That’s not surprising since Parker sells ...

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State’s GDP hit 10-year high in 2018

By TED CARTER Most years, Mississippi’s state economist Darrin Webb sees a lot of sameness in analyzing the state’s Gross Domestic Product, personal income and other economic indicators. But a break in the sameness has occurred. Calculations show last year brought something Mississippi has not seen in 11 years:  Real GDP growth of 1 percent or more. Mississippi’s initial real ...

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BILL CRAWFORD — Prosperity indicators not so good across Mississippi

Mississippi politicians running for re-election or higher office are out, about, and on social media touting how good things are and how they helped make things that way. Well, some things are good, but some are far from good. One is population growth, rather, lack thereof. As Jack Schultz noted in his best seller Boomtown USA, population growth is one ...

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Mississippi’s credit-card debt on rise even in strong economy

By JACK WEATHERLY Credit-card debt is at its highest point in the United States since the severe recession that ended at the end of 2008, according to WalletHub. American consumers started 2018 owing more than $1 trillion in credit-card debt and added another $67 billion, the personal finance website reported, citing data from the Federal Reserve and TransUnion, a credit ...

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