SUMMARY: U.S. employers added only 22,000 jobs in August, signaling a cooling labor market amid uncertainty over President Trump’s economic policies, including widespread tariffs. The unemployment rate rose to 4.3%, the highest since 2021, with significant job losses in manufacturing, construction, and federal government sectors. Healthcare was the main growth driver. Revisions showed job cuts in June, marking the first losses since 2020. Economists attribute the slowdown to Federal Reserve rate hikes and Trump’s trade policies. The weak data boosts expectations of Fed rate cuts. Trump has pressured the Fed and fired the Labor Department economist over the disappointing reports.

Read the full article

The post Hiring stalls with US companies reluctant to expand in an uncertain economic landscape appeared first on www.wxxv25.com

SUMMARY: Dontavis Omar Magee, 24, pled guilty to shooting in Biloxi’s Surf Style parking lot during Spring Break 2023, striking a Biloxi police officer and four civilians. He was sentenced to 40 years, with 15 suspended, resulting in 25 years to serve plus 5 years post-release supervision. Investigators identified Magee through surveillance footage, photos from Hattiesburg Police, and social media images. Magee, 21 at the time and with no prior felonies, admitted to the shooting but claimed he had been threatened by two victims. He is expected to be extradited to Georgia for unrelated charges.

Read the full article

The post Hattiesburg man pleads guilty to spring break shooting in Biloxi appeared first on www.wxxv25.com

SUMMARY: Wall Street steadied Wednesday as Alphabet and other tech stocks rose, with the S&P 500 up 0.3% and Nasdaq gaining 0.9%, while the Dow dropped 0.3%. Alphabet surged 8.3% after a judge ordered changes to Google’s search engine but spared its Chrome browser from sale. Treasury yields fell following a weaker-than-expected US jobs report, which bolstered hopes the Federal Reserve may cut interest rates soon to support the economy. Retailer Macy’s and Campbell’s posted strong earnings, boosting their stocks. Bitcoin company American Bitcoin soared 35.7% on its Nasdaq debut. Dollar Tree declined despite good results due to tariff concerns.

Read the full article

The post Wall Street steadies itself as Alphabet pulls tech stocks higher appeared first on www.wxxv25.com