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Stocks, pound fall again due to UK vote uncertainty

U.S. stocks indexes headed toward a sharply lower close in late-afternoon trading Monday, reflecting ongoing investor jitters over the fallout of Britain’s vote to leave the European Union. European stock markets extended their losses from Friday. The British pound, which last week plunged to its lowest level since 1985, continued to fall as traders expected the British economy would take ...

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Markets reel as world absorbs shock of UK vote for Brexit

» The Dow Jones industrial average dropped 611 points, or 3.4 percent, its biggest fall since August Britain has jumped. Now it is wildly searching for the parachute. The U.K.’s unprecedented decision to leave the European Union sent shockwaves through the country and around the world Friday, rocking financial markets, toppling Prime Minister David Cameron and even threatening the ties ...

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Bryant taps deputy treasurer to be state finance director

A deputy state treasurer will become the new director of the Mississippi Department of Finance and Administration. Laura D. Jackson has more than 27 years’ experience in state government. Gov. Phil Bryant announced Thursday that he’s appointing her to succeed Kevin Upchurch, who’s retiring June 30. Jackson has been deputy treasurer since January 2012. Before that, she was bond advisory ...

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Houston voters approve tourism tax

Houston voters have approved a tourism tax by a roughly 50-vote margin. The Northeast Mississippi Daily Journal reports voters cast 435 ballots Tuesday for the proposed 2 percent tax and 196 voted against it for a 68.93 percent margin for the measure. The revenue referendum needed 60 percent approval to pass. This was Houston’s second attempt to pass the tax ...

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Hood: Legislature can’t legally take some special funds

By BOBBY HARRISON / Daily Journal The uncertainty about the state budget for the quickly approaching new fiscal year, starting July 1, might have intensified, based on three official opinions recently issued by the office of Attorney General Jim Hood. The official opinions, issued upon the request of the Secretary of State’s office, the Torts Claims Board and for the AG’s ...

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Stocks tumble amid concerns over global economy

World stocks fell sharply on Friday amid concerns over the global economy and as investors look ahead to the U.S. Federal Reserve’s policy meeting next week. KEEPING SCORE: Britain’s FTSE 100 lost 1.2 percent to 6,157 while France’s CAC 40 fell 1.1 percent to 4,358. Germany’s DAX slumped 2 percent to 9,888. U.S. stocks were poised to open lower as ...

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