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JPMorgan Works On NWA Network

The $3.2 trillion-asset lender is now pursuing a Bentonville location instead of Rogers.

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River Stone Plaza Draws $2.5M Sale (Real Deals)

The 25,803-SF neighborhood shopping center in Maumelle was purchased by Siya Properties LLC.

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2 Promoted at FNBC (Movers & Shakers)

Allan Baldridge and Garrett Kissinger have both been promoted.

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Women's Foundation of Arkansas, Little Rock Soirée Announce the Top 100 Women...

After months of nominations and vetting more than 600 submissions, we have our honorees.

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Consumer Confidence Declines Again in May, 4th Time in 5 Months

The Conference Board reported Tuesday that its consumer confidence index fell to 102.3 in May from 103.7 in April.

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BNP Paribas to Handle Debt Financing for Standard Lithium Plant

BNP Paribas is the European Union’s leading bank and key player in international banking.

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Former UA Little Rock Coach Steve Shields Joins Carty & Co.

He joins the Memphis-based broker-dealer from the city of North Little Rock, where he was the director of parks and recreation for nearly three years.

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US Job Openings Rise to 10.1 Million as Labor Market Stays Strong

Layoffs fell, but the number of people quitting their jobs — a sign of confidence that they can find better pay or working conditions elsewhere — slid last month to the lowest level since March 2021.

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Fidelity Bank to Acquire 2 Evolve Bank Sites in Northeast Arkansas

The transaction is expected to close in the third quarter of 2023.

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Average Long-Term US Mortgage Rate Climbs to 6.79%, Highest Since November

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 6.79% from 6.57% last week. A year ago, the rate averaged 5.09%.

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State Projects $1.03B Surplus for Fiscal Year; Revenue Falls 23% in May

Net available revenue for the month fell sharply from a year ago, but was still above forecast.

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Greg Lewis Appointed Chief Deposit Officer at Encore Bank (Movers & Shakers)

Lewis fills the newly created position to oversee the bank’s deposit growth strategy.

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Presenting The 40 Under 40 Class of 2023

The 30th class of Arkansas Business 40 Under 40 honorees — men and women from around the state and a variety of industries who are shaping business, government and nonprofit work in Arkansas.

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Fountain at Maumelle Produces $68M Sale (Real Deals)

The 432-unit apartment complex in North Little Rock was sold by Burkhalter Commercial Group LLC.

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World Bank Offers Dim Outlook for the Global Economy in Face of Higher...

Still, the bank's latest Global Economic Prospects report marks an upgrade from its previous forecast in January. That estimate had envisioned worldwide growth of just 1.7% this year.

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Banks' Growing Reliance on Chatbots to Handle Customer Service Worries...

Poorly designed chatbots could run afoul of federal laws that govern how debts are collected or how personal information is being used.

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Is It a 'Skip' or a 'Pause'? The Fed Won't Likely Raise Rates Next Week, but...

When an increasingly fractious committee of Federal Reserve policymakers meets next week, Chair Jerome Powell will need to forge a consensus.

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The Pause on Student Loan Payments is Ending. Can Borrowers Find Room in...

Without cancellation, the Education Department predicts borrowers will fall behind on their loans at historic rates. Among the most vulnerable are those who finished college during the pandemic.

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Money Stored in Payment Apps Could be Vulnerable, Financial Watchdog Warns

The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank, which all experienced bank runs after fearful customers with uninsured deposits pulled...

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Average Long-Term US Mortgage Rate Eases From 7-Month High to 6.71%

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 6.71% from 6.79% last week. A year ago, the rate averaged 5.23%.

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