Sales in Lafayette Parish in June lagged behind inflation rate Business

Consumer spending in Lafayette Parish was down slightly from a year ago as total sales lagged behind the inflation rate for June. Total taxable sales were up 4.16% for the month but lagged behind the 9.1% overall inflation rate reported by the US Bureau of Labor Statistics for June. Taxable sales reached $722 million, only … Read more

Business confidence rises with strong profits, but consumers are getting more pessimistic

There is a stark difference in mood in the economy. Key points: Consumers are deeply pessimistic, but still spending Business confidence has improved However, economists think spending will start to drop as interest rate increases Businesses are enjoying prosperous conditions with high profits and rising confidence, but consumer sentiment has fallen into deeply negative territory. … Read more

Over Half Of India Believes It Will Be A Developed Economy In 25 Years: Survey

More than half of India believes their country will be a developed economy by the time it reaches its 100th year of independence, according to Axis My India’s August Consumer Sentiment Index, a monthly analysis of consumer perception on a wide range of issues. According to the survey, a majority of 56 percent of participants … Read more

Cautious optimism seen in Kern’s economic outlook | News

Observers of Kern County’s economy say the gathering clouds of inflation and rising interest rates may combine to slow local business activity in the quarters ahead but that there’s still no telling how severe the impact might ultimately be. Some say the area may be better prepared now to weather a possible recession than it … Read more

3 Financial Mistakes Celebrities Make And What To Learn From Them

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Although we may sometimes envy the lifestyles of the rich and famous, their exuberant wealth does … Read more

Market jump after Fed hike is ‘trap,’ Morgan Stanley warns investors

Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief US equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic. “The market … Read more

Walmart Shares Plunge Nearly 10% After Company Warns Of Profit Slowdown Due To Inflation

Warmth Shares of Walmart fell nearly 10% in after-hours trading on Monday after the company slashed its profit outlook for the second quarter and the rest of the year, warning that high inflation is having an impact on consumer spending habits. Walmart expects profits to take a hit as inflation weighs on consumer spending. Matt … Read more

How To Finance Wedding Purchases If You’re A Bridesmaid Or Groomsmen

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. As exciting as weddings can be, they are a major life expense — both for the … Read more

Earn 125,000 Points with Marriott Bonvoy Business Amex Card’s New Bonus

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. American Express is … Read more

4 Free Personal Finance Courses That Can be Done in Three Hours

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. One of the most pivotal parts of an individual’s livelihood is learning about personal finance, a … Read more