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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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Ex-Mississippi credit union leader sentenced to prison

A former vice president of a Mississippi Gulf Coast credit union will spend nearly three years in prison after she pleaded guilty to embezzlement. The Sun Herald reports Merrideth Christina McMillian of Vancleave begged U.S. District Judge Sul Ozerden on Thursday to consider house arrest for her penalty, citing children in high school, but Ozerden declined. The judge also ordered ...

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ONWARD AND UPWARD — Stocks power on, heading for strong finish to volatile month

Stocks climbed broadly on Wall Street in early trading Friday as the market extended a recent rally and closed in on a big weekly gain after four straight weeks of losses. Despite marching higher most of this week, the market is on track to finish August with a loss. That would be only the second monthly decline this year after ...

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Stocks move broadly higher on hopes for US-China trade talks

Stocks marched broadly higher in afternoon trading on Wall Street Thursday, driving the Dow Jones Industrial Average to a gain of more than 300 points. Investors were holding out fresh hope that new talks between the U.S. and China set for September can lead to progress in the nations’ ongoing trade war. That spurred the rally, which was on track ...

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TODD SMITH — Facebook taps journalists, part 2

Facebook grabbed headlines last year when it cut its “trending topics” editorial team. Now, it’s back in editor hiring mode. Recently, the social media leader announced plans to hire what it is describing as a “small team” of veteran journalists – likely 10 or fewer – to choose content that will be featured in a section of the news tab, ...

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US stocks fall sharply as US-China trade war escalates

Stocks tumbled on Wall Street after President Donald Trump said he “hereby ordered” U.S. companies to consider alternatives to doing business in China. He also said he would respond to Beijing’s latest tariff increase later Friday. The Dow Jones Industrial Average sank nearly 500 points after the president made the announcements on Twitter. Trump also said he was “ordering” UPS, ...

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