The selection comes at a critical time for the Fed, which raised the benchmark federal funds rate at 11 of 12 policy meetings between March 2022 and July 2023. Since then, the Fed has held the rate at a range between 5.25% and 5.5%, a 22-year high as inflation has cooled. The question now is when the Federal Open Markets Committee will reduce rates.
Unable to fend off a toxic mix of sagging advertising revenue and nearly $2 billion in debt, broadcasting company Audacy, parent of KMOX and several other local radio stations, has reportedly reached a deal with its senior lenders to file a prepackaged bankruptcy plan.
Without admitting guilt, the Clayton-based managed care giant agreed to make the payment after the state charged that Centene had misrepresented the true cost of PBM services, failed to disclose discounts to the state and filed improper reporting to the state about services provided, according to South Carolina Attorney General Alan Wilson.
The Improv Shop is expanding, as the improv comedy venue and training center, which was founded in St. Louis in 2009, has experienced a boom in popularity post-Covid.
Find Your Farmer, a St. Louis-based, last-mile fresh produce delivery service founded by five Washington University graduates in 2020 when the pandemic disrupted local farmers' revenue streams, has been acquired.
Two congresswomen from the St. Louis area were among 53 House members who urged the Biden administration on Wednesday to conduct a comprehensive regulatory review of Nippon Steel’s pending acquisition of U.S. Steel.
Lindab Group, a Sweden-based maker of equipment to produce ventilation ducts, is buying a U.S. business in the same sector that has much of its operations in Jefferson County.
A state-court judge on Dec. 28 ordered NorthSide Regeneration to abate nuisance conditions at a vacant commercial building it owns in the Covenant Blu-Grand Center neighborhood.
A sale to the school district would remove from the tax rolls a property that generated $1 million in tax revenue for the city of Clayton last year. But that isn't even the biggest loss for the city, says Mayor Michelle Harris.
St. Louis-based clinical-stage biotechnology startup Wugen, which has raised more than $200 million in venture funding as it develops cancer-fighting drugs, has added to its C-suite.
St. Louis just recorded its third straight year with a decline in total homicides.
While the homicide rate cannot be accurately calculated until census numbers are finalized, a preliminary police report tallied 158 homicides in 2023, down considerably from 200 in 2022 and down much further from a recent peak at 263 in 2020.
The decline in the murder death toll appears to closely align with a national decline in homicides, even as other cities like Washington, D.C., and Kansas City still struggle…
Missouri has made the tentative decision to participate in a federal food assistance program for kids, potentially opening the door for millions of dollars in aid through a program called Summer EBT.
However, the decision is not binding and Missouri still has to submit a detailed plan to the federal government on how it plans to run the program and secure the necessary administrative funds.
The state had until Jan. 1 to take this initial step or foreclose the option to participate entirely.
“We’ll…
New regional executives have taken their posts as BJC HealthCare in St. Louis and Kansas City-based Saint Luke’s Health System completed their planned merger Jan. 1 as expected, officials said Tuesday.
The office campus of the footwear retailer, considered to be one of the prime redevelopment sites in Clayton, is slated to be purchased by the local school district for its own future expansion.
Richard "Rick" Engel said he wants to grow in the firm’s existing footprint, which covers 18 offices including in London, England and Dublin, Ireland. However, he didn’t rule out more “strategic, opportunistic” expansions into other high-growth markets.
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