Key Question as The Fed Meets: Can the Central Bank Pull Off a 'Soft Landing'?
Even though the Fed is poised to raise its key rate on Wednesday for the 11th time since March 2022, to its highest point in 22 years, no one is panicking.
View ArticleIRS Steps Toward New Free-File Tax Return System Have Supporters, Critics...
On one side, civil society groups this week launched a coalition to promote the move toward a government-run free-file program. On the other, tax preparation firms like Intuit — the parent company of...
View ArticleSimmons Revenue Falls in Q2, but $58M Profit Beats Expectations
CEO Bob Fehlman said the bank continues to seek operational savings as funding costs rise.
View ArticleUS Consumer Confidence Jumps to Two-Year High as Inflation Eases
The Conference Board, a business research group, said its consumer confidence index rose to 117 in July from a revised 110.1 in June. The gauge beat the 110.5 that economists had expected and was the...
View ArticleIMF Global Economic Outlook Sees Slight Growth, but Inflation Still a Drag
IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth will slow to an estimated 3% in 2023 and 2024, down from 3.5% in 2022.
View ArticleArkansas Treasurer Mark Lowery Leaving Office in September After Strokes
The state treasury will be run by the chief of staff and deputy treasurer until Gov. Sarah Huckabee Sanders appoints a replacement, his office said.
View ArticleA Fed Still Wary of Inflation is Set to Raise Rates to a 22-Year Peak
Another hike is widely expected despite a run of encouraging news that has sent stock prices steadily higher, boosted consumer confidence and brightened hopes that the Fed can pull off a difficult...
View ArticleAs Fed Keeps Raising Rates, Auto Loan Rejections Rise
A study by the New York Federal Reserve has found that 14% of applicants for auto loans were rejected over the past year — the highest such proportion since the New York Fed began tracking the figure...
View ArticleBankLabs Launches Spinoff Company 'Participate'
FINTOP Capital and JAM FINTOP Banktech invested in the new company which aims to reduce friction in the loan participation process.
View ArticleNew SEC Rule Requires Quicker Disclosure of Cybersecurity Breaches
Public companies to disclose within four days all cybersecurity breaches that could affect their bottom lines.
View ArticleUS Jobless Claims Hit Lowest Level in 5 Months, Defying Fed's Effort to Cool...
It's further evidence that the U.S. labor market continues to defy the Federal Reserve's attempts to cool it off.
View ArticleZach McCoy Named CFO of Citizens Bank
McCoy joins Citizens Bank from Bank OZK of Little Rock, where he was senior vice president of corporate finance.
View ArticleAverage Long-Term US Mortgage Rate Inches Back Up to 6.81%
The average rate on the benchmark 30-year home loan rose to 6.81% this week from 6.78% last week, which was the lowest level in a month, mortgage buyer Freddie Mac said Thursday. One year ago, the...
View ArticleLittle Rock Apartments Hit $200K Per Unit
Driven by a strong seller’s market and buyers armed with cheap debt and an abundance of equity, apartment values have surpassed a mark that some real estate veterans thought they'd never see.
View ArticleFayetteville's Fluidics Inc. Raising $9M
As of June 14, the medical device company had sold only $55,000 of equity to two investors, according to the filing at the U.S. Securities & Exchange Commission.
View ArticleGood Things Take Time (Editorial)
Rushed legislation, such as Act 851 regarding crypto mining, rarely benefits anyone.
View ArticleResponse? Or Reaction? (Barry Goldberg on Leadership)
Strong leaders know the difference between a focused response and a knee-jerk reaction.
View ArticleEsperanza Massana Crane Named Director of AEDC's Small Business &...
She has been with the AEDC since 2013 and has been director of the Minority & Women-Owned Business Enterprise Division.
View ArticleArkansas Population Rises in Northwest, Dips in The Delta
From July 1, 2021, to July 1, 2022, 37 of the 75 counties in Arkansas gained population, according to the U.S. Census Bureau.
View ArticleA Biden Plan Cuts Student Loan Payments for Millions. Will it be The Next...
It's known as the SAVE Plan, and although it was announced last year, it has mostly been overshadowed by President Joe Biden's proposal for mass student loan cancellation.
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