Banking & Finance

New law won’t centralize state sales tax collection, but legal action still possible

While recent legislation might eventually make it easier for Louisiana businesses to remit sales taxes, it doesn’t achieve advocates’ longtime goal of centralizing state sales tax collection. 

Fed’s instant payment system goes live 

The Federal Reserve today launched a long-awaited service that aims to modernize the U.S....

LSU’s College World Series win drives up sports betting revenue for state

LSU’s first College World Series win since 2009 was a home run for Louisiana sports betting, according to the chair of the Louisiana Gaming Control Board.

Startups are failing faster and more frequently  

New businesses have always faced an uphill battle as they scale and grow—and more businesses fail than succeed.

Landry continues to hold decisive advantage in campaign contributions 

Candidates for Louisiana governor filed their campaign finance disclosures for a three-month period starting...

Big Four accounting firms laying off consultants as companies scale back 

The Big Four accounting firms are cutting down on the number of consultants they...
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Energy sector gets left behind as Wall Street exits bear market

Falling crude oil prices and lingering worries about the global economy have been sapping power from energy stocks throughout 2023.

Small businesses selling bonds to customers as banks tighten lending

As it gets harder for small businesses to obtain conventional loans, more of them are turning to a new source of funding—their customers.  

Capital Region feels interest rate pinch as jobless claims hit 18-month high 

The Federal Reserve’s rate hikes may finally be hitting the Capital Region, with unemployment rates climbing slightly to 3.4% this month and jobless claims rising to their highest level in 18 months, according to the Baton Rouge Area Chamber’s latest economic indicator report. 

Allen Stanford appeal expected to delay $257M in victim payments

Allen Stanford, convicted of leading a multibillion-dollar investment fraud, is appealing two court-approved settlements from prison.Â