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Average Long-Term US Mortgage Rate Surges to Nearly 7%, Highest Since November

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 6.96% from 6.81% last week. A year ago, the rate averaged 5.51%.

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US Wholesale Prices for June Point to Further Easing of Inflation Pressures

The government's producer price index — which measures inflation before it reaches consumers — rose just 0.1% last month from June 2022, the smallest such increase since August 2020. And from May to...

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US Inflation Hits Lowest Point Since Early 2021

Even with Wednesday's better-than-expected inflation data, the Fed is considered all but sure to raise its benchmark rate when it meets in two weeks.

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SPONSORED: Many Businesses Qualify For The ERTC Tax Credit, Even If They've...

The rules of the program have evolved over the last 12 months and many of the changes in the program have actually expanded the number of Arkansas businesses that qualify for the benefit.

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A Soft Landing? Maybe! (Editorial)

The year is half over and the widely predicted recession has yet to arrive.

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Unlocking Business Growth by Hiring the Right People (Sabrina Starling...

To grow your business, don’t hire for skills — hire for values.

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Simmons Bank of LR Announces New Leadership (Movers & Shakers)

Josh Herron, Chad Rawls, Steve Wade and Chris White have been promoted.

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White River Bancshares Reports Rising Costs, Falling Profit in Q2

The holding company for Signature Bank of Arkansas said total assets and deposits dipped on a quarterly basis.

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Americans Increase Spending Modestly in June as Inflation Eases

While the headline number of 0.2% was a bit weaker than expected, economists on Tuesday were focused on the number that excludes volatile autos, gas, building materials and food services, which rose a...

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Karen Shaw Named Chief Risk Officer at Citizens Bank

She's taking on a greater role with the Batesville-based lender after spending the past 10 years as CFO.

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Sanders Says $1.2B Budget Surplus Could Be Used to Lower State Income Taxes

During a panel discussion at Tuesday's Rotary Club of Little Rock meeting, Gov. Sarah Huckabee Sanders said there could legislative action on lowering state income tax "over the coming months."

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Home BancShares Deposits Continue Sliding in Q2

The bank said it has been limiting its exposure to uninsured deposits in light of industry volatility.

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Average Long-Term US Mortgage Rate Falls to 6.78% This Week

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 6.78% from 6.96% last week. A year ago, the rate averaged 5.54%.

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Bank OZK Posts Second Straight Quarter of Record Profit

The record quarter came despite rising costs in nearly every category and significantly higher provisions for credit losses.

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State Unemployment Rate Falls to 2.6%, Another Record Low

It was the ninth consecutive month of employment gains in Arkansas.

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Execs’ Personal Use of Company Planes on the Rise

John Tyson’s use of Tyson Foods Inc.’s corporate jet for personal travel cost the Springdale protein producer $1.4 million in its fiscal year that ended in Oct. 1.

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Stone Bank Vaults Into $9.5M Office (Real Deals)

The 38,710-SF office building in west Little Rock was purchased by Stone Bank of Mountain View.

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Partners Bank Has Plan to Expand LR Services

Partners Bank of Helena-West Helena is converting its loan production office in west Little Rock into a full-service branch.

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2 Promoted at Hytrol Conveyor Co. (Movers & Shakers)

Chris Brudos has been promoted to vice president of supply chain. Will Mangrum has been promoted to vice president of operations-Fort Smith.

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US CEO Compensation Rate Nearly 400 Times Worker Pay

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