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Average Long-Term US Mortgage Rates Tumble to 6.61%

A year ago the average rate was 3.1%.

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US Home Sales Fell in October for 9th Straight Month

Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years.

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1 Promoted at Alcoa Community Federal Credit Union (Movers & Shakers)

Andrea Rose has been promoted to mortgage loan originator after five years with the credit union.

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Are You in a Leadership Bubble? (Sabrina Starling Commentary)

Leaders need to know the raw truth in order to make the right decisions. They need to encourage honest feedback even if it’s hard to hear.

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US Indicts 2 in $575M Cryptocurrency Fraud

Prosecutors said the suspects tricked hundreds of thousands of people from 2015 to 2019 into buying contracts for a cryptocurrency mining service called HashFlare.

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Encore Bank Names Gary Edwards Chief Audit Officer

Edwards previously spent 21 years in public accounting at BKD LLP of Little Rock, with a majority of that time spent serving financial institutions.

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FTX Lawyer: 'Substantial Amount' of Assets Stolen

The admission came during FTX's first court appearance since the company filed for bankruptcy protection on Nov. 11.

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Encore Bank Hires New Executive VP and Chief Audit Officer (Movers & Shakers)

Gary Edwards has worked for 21 years as an accountant serving financial institutions.

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What Counts? The Performance (Editorial)

In this increasingly noisy world, pay attention not to the noise, but to the performance

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$1M Sale of Springdale Office Building Recalls Fraud Case

Remember all the legal wreckage brought about by former Fayetteville real estate developer Brandon Barber a decade ago?

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Finalists Announced for 35th Arkansas Business of the Year Awards

Finalists in each category will be celebrated at an awards ceremony on March 8 at the Statehouse Convention Center in Little Rock.

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US Consumer Confidence Falls in November for 2nd Month

Despite the negative outlook, however, most Americans — particularly those with higher incomes — are still spending.

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BlockFi Files for Bankruptcy, Latest Crypto Company to Fail

New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit.

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2 Fed Officials Favor Keeping Key Rate at Peak Through 2023

James Bullard, president of the St. Louis Fed, suggested that financial markets are underestimating the likelihood the Fed will have to be more aggressive.

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US Economic Growth in Q3 Revised to 2.9%, Higher Than Expected

Last quarter's rise in the U.S. gross domestic product — the economy's total output of goods and services — followed two straight quarters of contraction.

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SPONSORED: Transforming Your Business With Lamar Advertising CEO Sean Reilly

Reilly offered his insights into innovation and organizational transformation in the November episode of the 21st Century Business Forum.

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5 Little Rock Apartments Sell for $18.7 Million (Real Deals)

Colorado-based investor groups teamed up to buy the properties, home to 123 apartments and two restaurants, from five limited liability companies led by Chris Moses.

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Average Long-Term US Mortgage Rates Dip Third Week in a Row

Mortgage rates are still more than double what they were in early January, mirroring a sharp rise in the yield on the 10-year Treasury note.

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Powell: Fed to Keep Rates Higher for Longer to Cut Inflation

"It is likely that restoring price stability will require holding (interest rates) at a restrictive level for some time," Powell said. "History cautions strongly against prematurely loosening policy."

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Coffee Chain Plans 2nd Little Rock Location at Former Regions Site

The property at 8023 Cantrell Rd. recently sold for $1.35 million.

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