‘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…
economy
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…
Stocks end higher on Wall Street, notching weekly gains
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writer Stocks closed higher on Wall Street Friday, notching sizable weekly gains for major indexes. The benchmark S&P 500 rose 2.4% Friday, while the Dow Jones Industrial Average and the Nasdaq…
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…
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,…
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%…
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…
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…
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…