Increase in revenue at local businesses due to Cruisin’ the Coast
With more people traveling down for Cruisin’ the Coast events, local businesses have been seeing an increase in sales. Coastal Daiquiri Bar and Grill is…
business
Morning Business Report: October 7th, 2022
McDonald’s workers beg customers to stop ordering adult happy meals and Amazon is hiring tens of thousands of workers for the holidays. Jane King is at the Nasdaq with those…
Another month of solid US hiring suggests more big Fed hikes
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) - America’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to…
Stocks close lower again on Wall Street, still up for week
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks closed lower again on Wall Street but still managed to hold onto sizable gains for the week. The S&P 500 fell 1% Thursday. The Dow Jones Industrial Average lost…
Morning Business Report: October 6th, 2022
Inflation is curbing holiday travel plans and oil and gas prices are heading higher after OPEC cuts back on oil production. Jane King is at the Nasdaq with those stories…
Morning Business Report: October 5th, 2022
Goodwill is launching an online store and Twitter shares soar as Elon Musk is buying the company after all. Jane King is at the Nasdaq with those stories and more…
El Saltillo to open location in El Agave building in Gulfport
El Saltillo will open another restaurant, this time in the old El Agave building in downtown Gulfport. The restaurant chain announced its plans on its…
Stocks rise in extended rally, clawing back more ground
By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) - Stocks rose sharply on Wall Street Tuesday and clawed back more of the ground they lost in a miserable several weeks. The S&P 500 rose 2.9% in afternoon trading…
Morning Business Report: October 4th, 2022
The Dow spiked 764 points to kick off October and home prices are falling at the fastest rate since the financial rates. Jane King is at the Nasdaq with those…
US job openings sink as economy slows, cost to borrow rises
WASHINGTON (AP) — The number of available jobs in the U.S. plummeted in August compared with July as businesses grow less desperate for workers, a trend that could cool chronically high inflation. That is good news for the Federal Reserve in…
Wall Street soars to best day since summer, S&P 500 up 2.6%
By DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) - Wall Street rallied to its best day since July as falling bond yields eased some of the pressure that’s battered markets. The S&P 500 rose 2.6%…
Morning Business Report: October 3rd, 2022
One major drug store chain says it may be forced to put all items behind lock and key and supermarket discounts are harder to find as food prices rise. Jane…
Morning Business Report: September 30th, 2022
Meta announces a hiring freeze and warns employees of restructuring and Hurricane Ian is messing up the supply chain again. Monica Malpass is at the Nasdaq with those stories and…
Enviva opens wood pellet plant in George County
This morning, a wood pellet company cut the ribbon on its second facility in South Mississippi. Enviva Inc., opened a manufacuring plant in Lucedale, which will provide 90 jobs in George County and supports 300 more in the community. In…
Morning Business Report: September 29th, 2022
Three in four Americans are worried about making wrong decisions when investing their money. Monica Malpass is at the Nasdaq with more in today’s Morning Business Report.
Wall Street drops back to lowest since 2020 as fear returns
By DAMIAN J. TROISE, STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) - Stocks are back to falling on Wall Street as worries about a possible recession and rising bond yields put the squeeze back on markets.…
Cruisin’ the Coast return fueling the local economy
With all the Cruisers coming, rooms on the Coast are booking up. News 25 spoke with Coastal Mississippi Executive Director Judy Young and she jokingly said if you…
Walk-On’s holds grand opening at D’Iberville location
If you plan on coming to D’Iberville soon, you better come hungry! Today, Walk-On’s had their grand opening celebration with an official ribbon cutting ceremony. The event was hosted…
Morning Business Report: September 23rd, 2022
Mortgage rates solidified their position above six percent. Jane King is at the Nasdaq with that story and more in today’s Morning Business Report.
Walmart, Target begin holiday early to ease inflation sting
NEW YORK (AP) — Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to ease the potential sting of holiday shopping.…
Morning Business Report: September 22nd, 2022
The Federal Reserve turns in another super-size interest rate hike and Walmart is being more cautious hiring workers for the holiday season. Jane King is at the Nasdaq with those…
Stocks slump on Wall Street as Fed steps up inflation fight
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street closed sharply lower after the Federal Reserve stepped up its fight against inflation by raising interest rates. The S&P 500 lost 1.7% Wednesday, as did the Dow Jones…
Morning Business Report: September 21st, 2022
Investors brace for an expected interest rate hike today and single-family rent increases cool for the third straight month. Jane King is at the Nasdaq with those stories and more…
Stocks close lower ahead of Fed decision on interest rates
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve. The S&P 500 fell 1.1% Tuesday. The Nasdaq composite and the Dow…