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Tag Archives: money

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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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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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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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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Retailers’ results show sharp divide between losers, winners

NEW YORK — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers’ increasing shift online with expanded deliveries and better merchandise. But many mall-based clothing chains and department stores continue to suffer weak sales as they ...

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What will a C-Note get you in Mississippi? How about over $16 extra

Tax Foundation study examines “real” value of $100   By TED CARTER Mississippians or visitors to Mississippi with $100 in their pockets are walking around with a $16.69 bonus. But head over to Arkansas and you will lose more than a dollar of the bonus. In Alabama, you’ll lose even more of it. If you stay in Mississippi, at least ...

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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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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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US stocks fall again, joining worldwide sell-off, on tariffs

NEW YORK — Financial markets around the world buckled Friday, and the S&P 500 was on track to close out its worst week of the year following President Donald Trump’s latest escalation in his trade war with China. China struck back and said Friday it will take “necessary countermeasures” if Trump follows through on tweets he sent Thursday that shocked ...

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