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…
business
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…
Morning Business Report: September 20th, 2022
Family Dollar is recalling some toothpaste and mouthwash and U.S. return-to-office rates hit pandemic high. Jane King is at the Nasdaq with those stories and more in today’s Morning Business…
El Agave Mexican Restaurant in Gulfport closing
Since closing last Wednesday, El Agave’s social media has been overflowing with love and positive words from patrons. After nine years of serving the people of Gulfport, El Agave…
Morning Business Report: September 19th, 2022
What’s the best time to buy your plane ticket if you’re flying for the holidays this year? And another big interest rate hike is likely coming this week. Jane King…
Morning Business Report: September 16th, 2022
Changes at the IRS have already begun and Amtrak says it will operate a full schedule after a rail strike has been averted. Jane King is at the Nasdaq with…
Morning Business Report: September 15th, 2022
Many colleges are failing in their push to boost enrollment of lower-income students. Jane King is at the Nasdaq with that story and more in today’s Morning Business Report.
Morning Business Report: September 14th, 2022
Starbucks will spend millions to speed up service and boost morale and inflation sent the Dow to its worst day since June 2020. Jane King is at the Nasdaq with…
Markets shudder on dashed inflation hopes; Dow falls 1,250
NEW YORK (AP) — Stocks tumbled to their worst day in more than two years Tuesday, knocking the Dow Jones Industrial Average down more than 1,250 points, following Wall Street’s humbling realization that inflation is not slowing as much as…
Morning Business Report: September 13th, 2022
COVID may have killed the dry-cleaning business and Twitter has an extraordinary shareholder meeting today to vote on buyout by Elon Musk. Jane King is at the Nasdaq with those…