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Tag Archives: economy

Mississippi jobless claims tough to file as virus ups demand

The Mississippi agency that handles claims for jobless benefits is getting 10 times the usual number of phone calls as people seek help amid the coronavirus pandemic. “Mississippi unemployment claims are rising quickly, as they are across the country,” Republican Gov. Tate Reeves said Thursday on Twitter. “We are working hard to deal with the massive influx and take care of our ...

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State economist sees recession here and elsewhere as COVID-19 fight continues

Analysis of pandemic flu scenario puts Mississippi economic loss at $4.9 billion   By TED CARTER Other than saying a national recession is a certainty as the coronavirus shutdown grows, Mississippi’s state economist Darrin Webb is not publicly projecting where the state’s economy will drop to in the days ahead. For now, Webb’s forecast is for the nationwide recession to ...

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Morning Joe host rips Reeves over refusal to close beaches

Mississippi’s new governor, Tate Reeves, got introduced to the nation Monday morning. But not in a way he is likely to appreciate. “This guy is unbelievable!” said Joe Scarborough, a former Republican congressman from Florida and host of MSNBC’s “Morning Joe” show, condemning Reeves for his refusal to close Mississippi’s gulf beaches amid deadly coronavirus spreading across the country. Reeves’ ...

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Making sense of Wall Street — UM chair of economics explains stock market situation

Jon Moen, professor and chair of the Department of Economics at the University of Mississippi, is parsing some of the financial terms zinging around the news amid the COVID-19 pandemic and offering insights into the state of Wall Street during an unprecedented plummet – one he does not believe is comparable to the Great Recession in 2008. Moen earned his doctorate from ...

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SHAD WHITE — A critical moment for Mississippi’s economy

Today, maybe more than any time in our recent history, Mississippi faces fundamental questions about where our economy is headed. How we answer those questions is going to determine whether we succeed, like some of our surrounding states, or whether we become a rural Detroit. That’s the conclusion I’ve reached after watching our economy my entire life—from doing the books ...

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US stocks hang close to records after mixed profit reports

U.S. stock indexes held close to their record highs following a mixed set of earnings reports Wednesday, where some big companies topped Wall Street’s expectations and others warned that the slowing global economy and trade tensions are hitting their profits. The S&P 500 flipped between small gains and losses as trading opened for the day, similar to how it’s been ...

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Pre-holiday blues? Economy, tariffs cloud retail outlook as 4Q approaches

The slowing economy has made Kim Hawkins’ bridal customers hesitant about splurging, even for their big day. “They’re getting some of the more simple centerpieces, like glass vases or candles rather than the more extravagant centerpieces,” says Hawkins, owner of Events Wholesale, a Watkinsville, Georgia-based company that sells decorative items for weddings, parties and other events. Hawkins has also noticed ...

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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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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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US stocks turn mostly lower amid doubts over Fed rate cut

Stocks gave up an early gain and veered lower in midday trading Thursday as investors grew less certain about the likelihood that the Federal Reserve will lower interest rates again next month. Losses in technology, health care and communication services stocks outweighed gains in banks, consumer goods companies and elsewhere in the market. Bond prices fell, pushing yields higher. Remarks ...

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