Banking & Finance

Banks, credit unions, lenders, and the financial institutions serving businesses and consumers across the region.

Louisiana homeowners report rising insurance costs, canceled policies

Louisiana residents say the cost of their homeowner’s insurance is rising, and many report trouble finding or keeping policies.

US consumer spending and inflation accelerated in April 

A key index of U.S. prices ticked higher in April and consumer spending rebounded, signs that inflationary pressures in the economy remain high. 

State’s corporate franchise and inventory taxes remain on chopping block

Legislation related to the franchise tax, inventory tax and corporate rebate and exemption programs...

The US job market remains hot, but layoffs are slowly rising 

U.S. applications for jobless claims rose slightly last week but remain at healthy levels with companies reluctant to let go of employees in a tight labor market. 

Roundup: Debt ceiling negotiations / Dash camera bill / Fed minutes  

‘Still far apart’: House Speaker Kevin McCarthy said Wednesday he was sending Republican negotiators...

Corporate franchise tax phase-out moves forward in Legislature 

Legislation to phase out Louisiana’s corporate franchise tax moved closer to reality on Monday with approval from the House Ways and Means Committee.
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Why companies don’t want their employees taking Ozempic to lose weight 

Many Americans who are looking to use medications like Ozempic to lose weight are hitting a barrier: Their employers’ health plans won’t pay for them. 

Alford: State budget negotiation becomes a timing issue

There’s the math inside the state budget, and then there’s the math to pass the state budget. 

IRS struggles with onslaught of retroactive claims for small business tax break 

The Internal Revenue Service has paid out more than $150 billion amid a surge of claims for an expired pandemic-era tax break for small businesses.

Interest rate increases have most small businesses anxious about access to capital 

For companies that need to borrow money these days, it pays to be big, The Wall Street Journal reports.  
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