Local sports bars preparing for Super Bowl 59
Super Bowl 59 is now less than two weeks away. So how are sports bars preparing and are businesses ready for an influx of fans? WXXV News 25’s Everett…
economy
OS1515 brings new economic opportunities to Ocean Springs
A new development is bringing jobs and economic growth to Ocean Springs. WXXV News 25’s Marco Bitonel brings us the latest.
Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight
By CHRISTOPHER RUGABER Updated 3:18 PM CDT, September 18, 2024 WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation…
Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates
By CHRISTOPHER RUGABER AP Economics Writer Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an…
Mississippi legislators approve incentives for 2 large data centers by Amazon Web Services
BY EMILY WAGSTER PETTUS Updated 5:12 PM CST, January 25, 2024 JACKSON, Miss. (AP) — Mississippi lawmakers met in special session Thursday and quickly approved job training money and other state incentives to support a plan by Amazon Web Services to…
Governor Reeves Signs Legislation to Finalize Second Largest Economic Development Project in State History
JACKSON, Miss. – Governor Tate Reeves today signed legislation to finalize the second largest economic development project in Mississippi history. Additionally, the economic development project represents the largest payroll commitment of any major project in state history. “I was proud…
What to know about overdraft fees as the White House cracks down on them
NEW YORK (AP) — The Consumer Financial Protection Bureau has proposed new rules that would lower overdraft fees, with President Joe Biden calling the charges “exploitative.” Currently, the fee for overdrawing a bank account averages more than $26. If a bank temporarily lends…
Mississippi legislators approve incentives for a factory that would make EV batteries
JACKSON, Miss. (AP) — Mississippi lawmakers on Thursday gave broad, bipartisan approval to state incentives for a factory that will manufacture batteries for electric vehicles — a project that promises 2,000 jobs with an average salary of about $66,000. After…
Study shows economic impact of gambling on the state
A new study out from the American Gaming Association says gambling has a $4.41 billion economic impact on the state. The study, conducted by Oxford Economics, shows that gambling has…
‘Pelican Pound’ encourages shopping local in Ocean Springs
Not sure if you know but there's a new currency in town in Ocean Springs to help the tourism industry. To encourage locals and tourists to shop downtown…
City of Pascagoula breaks ground on new retail site
Pascagoula city leaders broke ground this morning on a new retail development along Highway 90. The groundbreaking was held on the property that once housed the old…
Big banks falling while local banks stand strong
Silicon Valley Bank and Signature Bank have both collapsed, proving that you are never too big to fail, but what does that mean for our local banks in…
Economy slows downtown development in Gulfport
A slow economy has slowed progress on a mixed-use development in downtown Gulfport. Leaf River Group of Jackson announced a $50 million project in 2020 that would include luxury apartments,…
Mardi Gras brings in tourism to the Gulf Coast
Some tourists are skipping out on New Orleans and Mobile for Mardi Gras and heading straight for Mississippi. The Mississippi Gulf Coast has seen a 30 percent…
Littering can impact the economy and environment
Littering is a worldwide problem that’s not only unsightly on our highways and streets, but it also impacts our economy and environment. The Mississippi Department of Transportation spends more…
Economic goals in Jackson County for 2023
With such a diverse range of industry and businesses, Jackson County saw a lot of growth in 2022 and there’s no stopping that growth as we head into 2023.…
Coast hotels and casinos are filling up fast for New Year’s celebrations
Hotels and casinos along the Coast are filling up with out-of-town guests for the upcoming New Year’s holiday. Biloxi City Councilman Kenny Glavan, who…
Holiday sales up 7.6% despite the squeeze of inflation
NEW YORK (AP) — Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Holiday sales rose 7.6, a slower pace than…
State of Mississippi sees increase in rent price over the year
While the nation as a whole has seen a drop in rent prices this year, the state of Mississippi has gone in the opposite direction.…
Senate moves to avert rail strike amid dire warnings
By KEVIN FREKING and JOSH FUNK Associated Press WASHINGTON (AP) - The Senate has moving quickly to avert a rail strike that the Biden administration and business leaders say would greatly damage the economy. The Senate passed a bill Thursday…
Mississippi lawmakers push incentives for aluminum plant
By EMILY WAGSTER PETTUS Associated Press JACKSON, Miss. (AP) - Mississippi legislators are working quickly to approve nearly $247 million in state incentives for an aluminum plant. The project could bring 1,000 jobs to the northern part of the state…
Stocks fall after Fed says it's too soon to pause rate hikes
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks closed broadly lower on Wall Street after Federal Reserve Chief Jerome Powell signaled that it’s too early for the central bank to consider pausing its interest rate increases, though…
Stocks end higher on Wall Street as earnings roll in
NEW YORK (AP) - Stocks are off to a mostly higher start on Wall Street as traders take in a big round of earnings reports from big U.S. companies. General Motors was up after delivering solid results, while packaging maker…
US stocks march higher ahead of tech-heavy earnings week
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks shook off an early bout of unsettled trading and ended higher ahead of a heavy week of earnings from big tech companies. Alphabet, Amazon, Apple and Facebook parent Meta…