Biz New Orleans - June 2019

US Stocks Drop on Lower Odds for a Fed Rate Cut

NEW YORK (AP) - Stocks fell on Wall Street in early trading Monday amid growing speculation among investors that unexpectedly strong U.S. employment data may keep the Federal Reserve from aggressively cutting interest rates. The market rallied through much of…

New Orleans Ranked as the Number One Major Market

NEW ORLEANS — Earlier this week, Southern Business & Development magazine ranked New Orleans as the number one major market of the year among southern cities with 750,000 to 2.5 million people, in a tie with Nashville. The New Orleans Business Alliance…

Uber to Launch Statewide in Louisiana

NEW ORLEANS – Beginning today, the Uber transportation network will expand throughout every parish in Louisiana. Uber currently operates in Louisiana’s largest cities, but those in rural and suburban communities were previously left behind, without one clear set of rules for…

US Services Companies Grow More Slowly in June

WASHINGTON (AP) — U.S. services companies grew at a slower pace in June as the pace of hiring, orders and production decelerated.The Institute for Supply Management, an association of purchasing managers, says its non-manufacturing index fell to 55.1 from 56.9…