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US stocks steady after plunge, but caution still reigns

U.S. stocks steadied themselves Thursday amid hopes that the heart of the economy — shoppers spending at stores and online — can stay strong and help avert a recession. Caution continued to dominate markets around the world, though, on worries that economies are already sliding down the slope. The S&P 500 rose modestly in morning trading and clawed back a ...

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US recession fears stalk markets as stocks fall again

Global stock markets fell sharply again Thursday after Wall Street endured its worst day of the year as recession fears in the U.S. and around the world escalated. Investors across financial assets have been gripped by developments in the U.S. bond market. On Wednesday they focused on the fact the yield, or interest rate, on the benchmark 10-year Treasury bond ...

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Mississippi firms affected by cyanobacteria can seek help

Businesses along Mississippi’s Gulf Coast might be able to get federal aid if they’ve suffered economic losses due to toxic blue-green bacteria in the water. News outlets are reporting on the process that could enable Small Business Administration loans to affected businesses. At least five businesses from each affected county have to show they’ve suffered substantial economic injury. Gov. Phil ...

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Stocks slide after bond market warns again of recession

Stocks fell sharply Wednesday after the bond market threw up another warning flag on the economy. The yield on the 10-year Treasury briefly dropped below the two-year Treasury’s yield Wednesday morning for the first time since 2007. The so-called inversion has correctly predicted many past recessions and is the loudest warning bell yet about a possible recession ahead. Investors responded ...

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Asian shares rise on US plan to delay some China tariffs

Asian shares were mostly higher Wednesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists. Japan’s Nikkei 225 added 1.2% in early trading to 20,691.10, while Australia’s S&P/ASX 200 rose 0.5% to 6,598.50. South Korea’s Kospi gained 1.3% to 1,951.33. Hong Kong’s Hang ...

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Stocks soar after US delays plans for some China tariffs

And back up goes the stock market. Investors flipped back into buying mode Tuesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists. China also said the two sides held discussions on trade overnight and would talk again the next two weeks. The ...

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SHAD WHITE — Public sector fraud provides lessons for businesses

My office just finished two large reports, one being our yearly audit of federal money flowing through Mississippi and the other a review of all the investigations we’ve completed in the year that I’ve been State Auditor. The takeaway from both is that theft of public money and the lack of controls to prevent fraud are still big problems in ...

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BECKY GILLETTE — Immigration arrests at poultry plants were a disaster

This past week there were the kind of emergency food drives in Central Mississippi normally reserved for disasters like tornadoes and hurricanes. In this case, the disaster was immigration raids that resulted in the arrests of 680 people while they were at work at poultry processing plants in the area. About 600 agents from Immigrations and Customs Enforcement (ICE) armed ...

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Stocks move broadly lower as trade war anxiety lingers

Banks and technology companies drove a broad slide in stocks on Wall Street Monday afternoon that knocked the Dow Jones Industrial Average more than 300 points lower. The sell-off adds to losses that the market racked up last week amid heightened anxiety over the U.S. China-trade war. Investors are coming off of a week of wild swings that ended in ...

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Stocks edge lower to put market on track for weekly loss

Stocks moved broadly lower in early trading On Wall Street Friday as investors again retreated to safer holdings in a market racked by fear and anxiety over trade disputes. The week has been especially turbulent as investors and central banks react to the escalating trade war between the U.S. and China. The lingering conflict looms large over the prospects for ...

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