Morning Business Report: October 21st, 2022
American Airlines CEO says pilot shortage could last three years and inflation is costing Americans $445 more in expenses per month. Jane King is at the Nasdaq with those stories…
business
Morning Business Report: October 20th, 2022
Pumpkin spice foods cost a lot more than the regular version and millions are at risk of losing health insurance if the U.S. ends the COVID Public Health Emergency. Jane…
Stocks give up an early gain and close lower on Wall Street
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks gave up an early gain and closed lower on Wall Street as markets continue an unsteady search for direction. Several companies made big moves, both higher and lower, as…
Fewer Americans apply for jobless benefits last week
By MATT OTT AP Business Writer WASHINGTON (AP) - The number of Americans applying for unemployment benefits fell last week and remains historically low even as the U.S. economy slows in the midst of decades-high inflation. Jobless claims for the…
Makin’ Groceries restaurant celebrating one year in Biloxi
A Biloxi business is celebrating its one-year anniversary. Makin’ Groceries is a plant-based café that offers healthy, plant-based, whole food family meals. Owner Lauren Turner was a history…
US home sales fell in September for eighth straight month
By ALEX VEIGA AP Business Writer Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates,…
Morning Business Report: October 19th, 2022
Major retailers are already bracing for a tsunami of holiday returns and Americans are buying less at the supermarket. Jane King is at the Nasdaq with those stories and more…
Stocks climb on Wall Street as investors focus on earnings
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks rose on Wall Street, adding to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns. The S&P 500 rose 1.1%…
Morning Business Report: October 18th, 2022
Halloween candy soars to scary highs and retailers are selling over the counter hearing aids without a prescription. Jane King is at the Nasdaq with those stories and more in…
Morning Business Report: October 17th, 2022
Rent in most cities continue to climb and over the weekend, Toys R Us launched its store revival in Macy’s locations. Jane King is at the Nasdaq with those stories…
Netflix sets $7 monthly price for its ad-supported service
SAN RAMON, Calif. (AP) — Netflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up…
Morning Business Report: October 14th, 2022
Social security recipients will get a huge jump in pay next year and banks begin reporting earnings today and they will have a lot to say about the economy and…
Morning Business Report: October 13th, 2022
More retailers say they will close on Thanksgiving Day and healthcare and heating costs are predicted to soar. Jane King is at the Nasdaq with those stories and more in…
Social Security benefits to jump by 8.7% next year
WASHINGTON (AP) - Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023. That’s a historic increase and welcome news for American retirees and others - but it’s tempered by the fact that it’s fueled…
Morning Business Report: October 12th, 2022
A new study says the pandemic turned us all into jerks and Nike and Apple continue to be popular with teens. Jane King is at the Nasdaq with those stories…
Morning Business Report: October 11th, 2022
Jane King is at the Nasdaq with today’s Morning Business Report.
Morning Business Report: October 10th, 2022
One struggling retailer is reportedly cutting off air conditioning to save money and the FDA weighs in on the fall COVID shots and Monkeypox. Jane King is at the Nasdaq…
Stocks lose more ground on fears a recession may be looming
By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) - Wall Street lost more ground on worries that a still-strong U.S jobs market may actually make a recession more likely. The S&P 500 fell 2.8% Friday after…
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…
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…