Yes, Inflation is Down. No, the Inflation Reduction Act Doesn't Deserve the...
While price increases have cooled over the past year — the inflation rate has dropped from 9% to 3.2% — most economists say little to none of the drop came from the law.
View ArticleAverage Long-Term US Mortgage Rate Climbs Above 7% to Highest Level in 20 Years
It's the fourth consecutive weekly increase for the average rate and the highest since early April 2002, when it averaged 7.13%.
View ArticleCharlene Julian Named Chief Trust Officer at Farmers & Merchants
In a news release, the lender said Julian will play a crucial role in advancing trust and wealth management services and providing financial solutions to local communities.
View ArticleDakota Swearengin Named VP of Commercial Lending at Citizens Bank
In his new role, Swearengin will shape the commercial lending division with the aim of driving profitable growth and maintaining the asset quality of the bank’s loan portfolio.
View ArticleArvest Launches New Services for Health Care, Food Value Chain Industries
Geordie Sanborn and Levi Price were named general managers of the new "centers for excellence."
View ArticleSustainability Credits Venture Gone Awry: Legal Battle Unfolds over $67...
Partners Jerry Lee Bogard and Rebecca Winemiller purchased 12,500 acres in hopes of selling sustainability credits. However, the credits never sold, and Bogard and Winemiller are now involved in a...
View ArticleCarving a Niche (Lance Turner Editor's Note)
Two efforts in Arkansas, one around fintech and another around EVs, aim to fill desirable niches.
View ArticleThey Can’t Take It With Them (Gwen Moritz Commentary)
Businesses must have a protocol whenever someone calls to say that a loved one has died.
View ArticleFirst Service to Open a Full-Service Branch in Maumelle
The branch is scheduled to open in 2024.
View Article2 Promoted at Hytrol Conveyor Co. (Movers & Shakers)
Daniel Aspinwall and Chris Woodall have been with the company over 25 years.
View ArticleState Jobless Rate Holds at 2.6% in July
The greatest annual growth occurred in leisure and hospitality, private education and health services.
View ArticleIRS Casts Doubt on NIL Collectives' Tax-Exempt Status (Cal Rose and Cole...
Even if an NIL collective has previously received confirmation of tax-exempt status, continuing to operate as a 501(c)(3) organization poses a substantial risk to the organization and its officers and...
View ArticleWhat New Lending Regulations Mean for Small Business Owners
As of Aug. 1, 2023, updates to the SBA's rules will allow for new, nonbank lenders to offer SBA 7(a) loans, as well as update restrictive lending criteria.
View ArticleArmor Bank CEO Chad May Appointed to State Finance Board
He previously served on the Arkansas Bankers Association’s Emerging Leaders Council and is a board member of the Centers for Youth and Families.
View ArticleSurprisingly Durable US Economy Poses Key Question: Will Interest Rates Stay...
Wall Street traders, who earlier this year had predicted that the Fed would begin cutting rates by year's end, now don't envision any rate cuts until well into 2024.
View ArticleHopeful Signs of an Economic 'Soft Landing' Emerge as Fed Meets in Jackson Hole
Supply chains have normalized for some retailers, reducing pricing pressures. Hotel occupancy rates have come off the boil of the pandemic years; room rates have eased in response.
View ArticleAverage Long-Term US Mortgage Rate Jumps to 7.23%, Highest Since June 2001
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan climbed to 7.23% from 7.09% last week. A year ago, the rate averaged 5.55%.
View ArticlePowell at Jackson Hole: Economy's Solid Growth Could Require Additional Fed...
Powell noted that the economy has been growing faster than expected and that consumers have kept spending briskly — trends that could keep inflation pressures high.
View ArticleCJRW Hires 4 (Movers & Shakers)
Madison Dawson, Jordan Gray, Ashley Moore and Jacob Turbyfill have been hired by CJRW of Little Rock.
View ArticleHelping Workers With Student Loan Debt (Jeremiah D. Wood Commentary)
Student loan debt is a big deal in this country, and the forbearance of federal student loan repayments ends Oct. 1, with interest accruing on Sept. 1, 2023.
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