Banking & Finance

Fed approves fourth three-quarter-point rate increase, hints of smaller hikes

The Federal Reserve lifted interest rates by 0.75 percentage point to combat inflation and...

As food prices soar, so are companies’ profits

A year ago, a bag of potato chips at the grocery store cost an...

Fed expected to announce another hefty hike in interest rates today

Looming over the Federal Reserve meeting that ends today is a question of intense...

Former Chase Mid City branch sells for more than $900,000

The former Mid City branch of Chase Bank has sold for $913,000, according to documents filed with the East Baton Rouge Parish Clerk of Court's office.

‘Zombie’ foreclosures up, but remain sparse in Capital Region

The number of “zombie” homes—residential properties going through foreclosure that have been abandoned by their owners—has been rising this year, a review of national data shows.

Louisiana regulators face insurance pressure on multiple fronts

Homeowners insurance has turned into a minefield for Louisiana officials, who are fielding a surge of complaints from policyholders over storm damage claims and rising premiums
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Midterm elections have historically been good for stock investors

The Nov. 8 midterm election could be a positive event for shareholders, who’ve seen major indexes drop into bear market territory this year—more than 20% below recent highs.

Mortgage rates surge above 7% 

The rate on the 30-year-mortgage hit 7.16%, the highest since 2001, according to data released this morning from the Mortgage Bankers Association.

LABI announces annual Free Enterprise Award winners

The Louisiana Association of Business and Industry today announced its 2022 Free Enterprise Award winners, with a few active in the Capital Region.

Louisiana ranks 39th for business tax climate, up three spots from year ago

In what’s become something of an annual tradition, the Tax Foundation once again doesn’t think much of Louisiana’s business tax climate, ranking it 39th on its 2023 State Business Tax Climate Index.