US Consumer Confidence Falls for 3rd Time in 4 Months
The Conference Board reported Tuesday that its consumer confidence index fell to 101.3 in April from 104 in March. It's the third time in four months that overall U.S. consumer confidence has declined.
View ArticleChip Blanchard Succeeds Father as CEO of First State Bank
The elder Blanchard has led the bank since 1999. He'll move to a role as vice chair.
View ArticleRegistration Kicks off for VenCent 2023 Fintech Summit
The Venture Center of Little Rock's inaugural summit in 2022 attracted hundreds of U.S. banks and global fintech companies.
View ArticleOx of Bentonville Closes $12.6M in Series A Funding
Ox has created an artificial intelligence platform and wearable technology that streamlines supply chain management by more than 20%.
View ArticleUS Economy Grew at Weak 1.1% Rate in Q1 in Sign of Slowdown
But consumer spending, which accounts for about 70% of U.S. economic activity, remained resilient, growing at a 3.7% annual pace, the fastest such rate in nearly two years.
View ArticleJohn Carter Rejoins Bank OZK as Chief Credit Officer
Carter spent the past two-and-a-half years with construction and property management firm Huffman & Co. of Little Rock, including the past eight months as CEO.
View ArticleAverage Long-Term US Mortgage Rate Rises to 6.43% This Week
The average rate on the benchmark 30-year fixed-rate home loan edged up to 6.43% from 6.39% last week, mortgage buyer Freddie Mac said Thursday.
View ArticleFed Faults Silicon Valley Bank Execs, Itself in Bank Failure
The report also points out underlying cultural issues at the Fed, where supervisors were unwilling to be hard on bank management when they saw growing problems.
View ArticleLessons Learned: Women in Business Offer Leadership Advice
Read what eight Arkansas women have to say about their management experience.
View ArticleLessons Learned: Listen to Your Team (Heather Albright)
Heather Albright was the first woman and youngest president Bank of America had in the Arkansas market when she was named to the position in March 2021.
View ArticleRising Interest Rates Force Bank of England to Cut Costs
The Federal Reserve’s seven interest rate increases last year raised borrowing costs and dried up loan demand, battering Bank of England’s nationwide mortgage operation.
View ArticleStifel Announces 2 Named to Forbes’ Best-in-State Wealth Advisors List...
Dennis Curtis and Kelley Curtis Dunlap have been named to the list for the second year in a row.
View Article3 Tornado-Hit Bank Branches Remain Closed
West Little Rock branches operated by Pine Bluff’s Simmons Bank and Batesville’s Citizens Bank were put out of action by a March 31 twister, along with an Eagle Bank & Trust office at 2310 E. Kiehl...
View ArticleWomen's Workforce Participation Rebounds
The female labor force participation rate stood at 57.1% in March, according to the U.S. Bureau of Labor Statistics.
View ArticleFirst Republic Bank Seized, Sold to JPMorgan Chase
San Francisco-based First Republic is the third midsize bank to fail in two months. It is the second-biggest bank failure in U.S. history, behind only Washington Mutual, which collapsed at the height...
View ArticleInflation Pressures Remain Persistent as Consumers Pull Back
An index that is closely followed by the Fed, which excludes volatile food and energy costs to capture "core" inflation, rose 0.3% from February to March and 4.6% from a year earlier, according to a...
View ArticleLittle Rock Tries to Lure Workers With $10K Cash Incentive
More than 30 businesses have partnered on the campaign, which comes amid a historically tight labor market.
View ArticleFDIC Recommends Overhauling US Insurance Deposit System
Under the proposal, the FDIC would offer business account coverage a higher levels than ordinary consumer deposits receive, the FDIC said.
View ArticleUS Job Openings Dipped to 9.6 Million in March, Lowest Since 2021
The American job market is strong but losing momentum.
View ArticleAverage Long-Term US Mortgage Rate Slips to 6.39% This Week
The average rate on the benchmark 30-year fixed-rate home loan fell to 6.39% from 6.43% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 5.27%.
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