Banking & Finance

Retail sales fell in November even with the start of holiday shopping 

Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, particularly lower income households, to make harder decisions about what they buy.

SEC will vote on overhauling stock market rules

The U.S. Securities and Exchange Commission will vote today on whether to propose some...

Fed set to announce half-point rate increase, more hikes coming in 2023

After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate today, a first step toward dialing back its efforts to combat inflation.

How would scrapping income taxes affect state revenue?

States that don’t impose income taxes on individuals tend to charge higher sales taxes to fund government, the Louisiana Legislative Auditor’s office reports. 

Why food prices remain stubbornly high even as inflation cools  

Shoppers hoping for a little relief at the grocery store for their holiday meals...

Pandemic loan repayments are due, but many small businesses are struggling

Many small businesses that received federal pandemic aid are now on the hook for...
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US inflation slows to 7.1% in November, down from 7.7% in October 

Inflation in the US slowed again last month in the latest sign that price increases are gradually cooling despite the pressures they continue to inflict on American households.

LSU research shows lenders, borrowers would benefit from credit score alternatives

Recent research from LSU’s E.J. Ourso College of Business, Harvard Business School and financial...

Traditional 4% rule of retirement spending returns 

Retirees walloped by high inflation and volatile stock and bond markets are getting some good news: The 4% spending rule—or something close to it—is back.

Foreclosures continue to rise in Capital Region

The amount of foreclosure filings continues to rise in the Baton Rouge metro area, bucking the national trend.