Business News

Louisiana sports betting posts record revenue in November

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

Tips for holiday gift giving at work 

Giving gifts to your co-workers during the holidays doesn’t need to cause you a...

Why businesses often lay off workers near the holidays 

There is arguably no good time for companies to lay off employees, of course,...

Greater Baton Rouge home sales down 37% in November from a year ago

The Capital Region housing market’s slowdown continued in November, as closed sales were down...

MasteryPrep sale boosts funding for local software startup

OfficerReports, a Baton Rouge software startup that helps security guard companies manage remote employees, is getting a funding boost as it expands to work with other types of businesses. 

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. 
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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. 

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

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 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.

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

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.