The Associated Press, Author at Baton Rouge Business Report

Sales of existing US homes fell in August while prices grew more slowly

Sales of previously occupied U.S. homes slowed in August for the seventh month in...

Prepare for more pain as Fed expected to raise rates again this week

Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the...

Weekly initial jobless claims fall to lowest level since May

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control.

Feds approve nearly $190M in bids from offshore oil and gas lease sale

The U.S. government has accepted nearly $190 million in bids from an offshore oil...

Baton Rouge industry will feel impact if there’s a rail strike

Government officials and businesses are bracing for the possibility of a nationwide rail strike that would paralyze shipments of everything from crude and clothing to cars,

Lawmakers build case for eliminating state income tax

Louisiana legislators are once again discussing a possible path toward eliminating the state’s income tax.

Inflation slows for second month in a row but remains high at 8.3%

U.S. inflation slowed for a second straight month on a sharp fall in gas...

Customers pulling back as small businesses raise prices

Inflation isn’t only costing small businesses money, it’s costing them customers as well. At the...

Homebuyers regain a bit of leverage as housing market slows

Years of soaring home prices and sharply higher mortgage rates remain hurdles for many would-be homebuyers, but new data shows that they're regaining some leverage at the negotiating table as the housing market slows.

US initial jobless claims fall to lowest level since May

The number of Americans filing for unemployment benefits last week fell to its lowest...