News
Fed proposal aims to speed and simplify bank transfers
9+ hour, 49+ min ago (166+ words) The Federal Reserve is proposing a significant expansion of its real-time payments system, a move that could reshape how money flows between banks and credit unions, Bloomberg writes." Under the plan, financial institutions would be allowed to use intermediaries when…...
More Americans reach upper middle class but pressures persist
1+ day, 15+ hour ago (173+ words) Baton Rouge Business Report More Americans are climbing into the upper middle class, reshaping both household finances and the broader economy, The Wall Street Journal writes. About 31% of U. S. households now fall into this higher-earning tier, up from roughly 10% in 1979, according…...
Roundup: Artemis II / US jobless claims / Twenty in their 20s
6+ day, 9+ hour ago (152+ words) Baton Rouge Business Report Louisiana connection: On Wednesday, NASA launched a historic flight to send a crew of four astronauts on a nine-day trip around the moon and back'and the mission has deep Louisiana ties. Nearly 90% of the rocket powering…...
US factory activity surges in March, but cost pressures mount
1+ week, 14+ hour ago (152+ words) U. S. manufacturing activity surged in March, posting its strongest expansion since 2022, but rising input costs are casting a shadow over the sector's momentum, Bloomberg writes." The Institute for Supply Management's index showed factory activity climbing alongside a sharp jump in prices…...
Americans spent more in February. Then the war hit.
1+ week, 10+ hour ago (211+ words) Shoppers increased their spending in February, particularly on cars and clothing, after pulling back at the start of the year due to severe winter storms. Retail sales rose a better-than-expected 0. 6% in February, from a revised 0. 1% decline in January, the Commerce…...
Roundup: Inflation / Automated driving systems / Early childhood education
1+ week, 1+ day ago (80+ words) Baton Rouge Business Report Tuesday, March 31, 2026 Powell's thoughts: Federal Reserve Chair Jerome Powell says longer-term inflation expectations appear to be in check but that the central bank is carefully monitoring impacts from the war in the Middle East. Inflation expectations…...
Louisiana sees slight drop in initial unemployment claims
1+ week, 5+ day ago (15+ words) Baton Rouge Business Report Friday, March 27, 2026...
Roundup: Jobless claims / LNG long-term risks / LSU athletics
1+ week, 6+ day ago (205+ words) Baton Rouge Business Report Thursday, March 26, 2026 Layoffs limited: U. S. jobless claims edged up to 210, 000 last week, but continuing claims fell to their lowest level in nearly two years, signaling a still-resilient labor market. Economists say layoffs remain limited despite economic headwinds,…...
How the rise of the "quietly rich" is reshaping the US economy
2+ week, 9+ hour ago (176+ words) America's wealth boom isn't just creating more billionaires'it's fueling a fast-growing class of ultra-wealthy households that are quietly reshaping the economy, The Wall Street Journal writes." Roughly 430, 000 U. S. households are now worth at least $30 million, with tens of thousands surpassing $100 million,…...
US business activity slows as war-driven costs surge
2+ week, 1+ day ago (123+ words) Baton Rouge Business Report Tuesday, March 24, 2026 U. S. business activity slowed in March to its weakest pace in nearly a year as rising costs tied to the Iran conflict weighed on demand, Bloomberg writes. A key S&P Global index dipped but…...