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Tag Archives: recession

Tech and financial stocks help drive US stocks higher

Stocks marched broadly higher on Wall Street in early trading Monday, building on solid gains for the market after a rally late last week. Technology stocks accounted for a big share of the gains after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Chipmaker Nvidia rose 4.8%. Financial stocks also rose as ...

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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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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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Index: Architectural firms seeing more work, bigger backlog

WASHINGTON — Business conditions continue to improve at architecture firms, as billings ticked upward again in September, according to the American Institute of Architects (AIA). The AIA’s Architecture Billings Index (ABI) score rose to 55.2 for the month, one of the highest post-recession readings thus far (any score over 50 indicates growth). In addition, the value of new-signed design contracts ...

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Report: State sees slowest growth in consumer spending in nation

ACROSS MISSISSIPPI — Overall consumer spending grew more slowly in Mississippi than in any other state in 2012, reflecting the state’s slow recovery from the recession. A report released yesterday by the U.S. Commerce Department finds overall personal consumption spending grew 2.5 percent in Mississippi in 2012, compared to 4.1 percent nationwide. With other figures showing Mississippi’s economy grew by ...

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County sees most building permits since recession

DESOTO COUNTY — Single-family building permits across DeSoto County recorded for October put the county over the 730 total for all of 2012, which was the highest year for such permits since pre-recession years. Tom Haysley, deputy planning director for the county, says 82 single-family permits in October 2013 brought the year-to-date total to 733. The month’s number was a ...

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FNC report: U.S. home prices still on the rise

OXFORD — The latest FNC Inc. Residential Price Index (RPI) shows continued growth of home prices in August as the U.S. housing recovery remains well underway. The index moved 0.6 percent higher from the previous the month, making August the 18th consecutive month of rising home prices. According to the FNC RPI, August home prices have climbed to the levels ...

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Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 billion a month in bonds ...

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Marianne Hill retires after tracking state economy for two decades

The logic of purposely dumping American grown wheat into the Gulf of Mexico while large parts of the world’s population starved didn’t compute for high school math whiz Marianne Hill. Her teacher’s short-form answer – the wheat dumping protected farmers in the Third World countries whose people were starving – equally befuddled Hill, who decided then to put her knack ...

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