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US stock indexes veer mostly lower as traders weigh earnings

Technology companies led the major U.S. stock indexes mostly lower Wednesday afternoon, placing the market on track to give back some of its gains from the day before. The modest losses came as investors weighed mixed data on the economy and continued to pore over corporate earnings reports. The Commerce Department said U.S. retail sales fell in September by the ...

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BILL CRAWFORD — PERS trying to stay invisible until after elections

Did you get a glimpse Mississippi’s invisible black hole? It briefly appeared over the past year in the Bigger Pie Forum, an Associated Press article by Jeff Amy, and the Jackson Jambalaya blog. “The Public Employees’ Retirement System of Mississippi is a ticking fiscal time bomb,” headlined the Bigger Pie story. “Analysis: Public retirement plan pressure won’t end soon,” was ...

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Dueling ‘wealth tax’ plans may prompt Sanders-Warren clash

Elizabeth Warren’s call for a new 2% tax on the wealthiest Americans is so popular among her supporters that impromptu chants of “two cents” routinely surface at her rallies. But Bernie Sanders, Warren’s chief competitor for liberal voters, made clear on Tuesday he also has “a plan for that.” Sanders, a Vermont senator, announced a plan to tax the nation’s ...

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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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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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Europe eyes stimulus plan, but ultra-low rates raise doubts

FRANKFURT, Germany — The European Central Bank appears to be preparing a new shot of stimulus to try to energize the economy. But the move is sure to renew a nagging question: Can central banks do much good when rates are already ultra-low? Analysts say the bank is likely to cut a key interest rate further below zero on Thursday ...

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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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