Banking & Finance

Large company CEOs more pessimistic about economy than peers at midsize firms 

A new survey finds that CEOs of large companies are more worried about the...

Alford: 2023 regular session coming into focus

There will be many moving pieces that go into defining next year’s regular session,...

Ho, ho, hum: Which products are being humbugged by inflation

This time last year, soaring demand for goods in short supply fueled inflationary pressure...

Don’t forget the gift of tax prep

Money-saving strategies for high net worth individuals and small business owners to keep their tax bill low.

State audit uncovers more than $300,000 in possible jobless benefits fraud

Five people are accused of making a total of approximately $321,000 in fraudulent unemployment benefits claims, the Louisiana Legislative Auditor’s office reports. 

Louisiana firefighters’ pension system lost nearly $250M in FY 2022 

The Louisiana Firefighters' Retirement System lost $247.4 million in fiscal year 2022, as the system added 91 retirees that increased benefit payouts by $6.2 million, according to a recent financial statement audit.
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State money to lure property insurers to Louisiana won’t come until spring

Gov. John Bel Edwards and lawmakers intend to wait until April to fund an incentive program meant to attract more property insurance companies back to Louisiana.

Consumer spending rose 4.1% in Baton Rouge last year

Real personal consumption expenditures, a measure of how much consumers are spending,  rose 4.1%...

Louisiana sports betting posts record revenue in November

Sports betting revenue for Louisiana spiked again in November, generating more than $6 million...

How the latest Fed rate hike will affect small business loans 

With the Federal Reserve’s latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the majority of small business loans will hit the double-digit interest level for the first time since 2007, CNBC reports.