Business News

How the latest Fed rate hike will affect small business loansĀ 

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.Ā 

District Court Judge Tim Kelley retiring after 26 years on the bench

Judge Tim Kelley of Baton Rouge’s 19th Judicial District Court is stepping down from the bench after 26 years.Ā 

Out-of-pocket health care spending jumped more than 10% last yearĀ 

Out-of-pocket health spending rose 10.4% in 2021, a growth rate not seen since 1985...

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

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.

US weekly initial jobless claims reach lowest level in more than two monthsĀ Ā 

The number of Americans applying for unemployment benefits fell significantly last week, a sign that the labor market remains strong even as the Federal Reserve continues to raise interest rates in an effort to cool the economy and slow inflation.

City-parish sees decrease in new businesses during 2022

East Baton Rouge Parish has seen a drop in new businesses during 2022, according to the latest numbers available from the city-parish.
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Downtown retailer plans to open bookstore in February

The owner of a downtown Baton Rouge plant shop and design studio plans to open a bookstore in his open space next door.Ā 

COVID policies your company should keep long term

As the three-year COVID-19 mark approaches, it's understandable that some companies may be eager...

SEC will vote on overhauling stock market rules

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

How to tell when your hybrid work schedule isn’t workingĀ 

More and more businesses have at least a portion of employees who spend some...