Banking and Finance
Average Long-Term US Mortgage Rate Falls to 7.03%, Lowest Since August
The average rate on a 30-year mortgage dropped to 7.03% from 7.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.33%. read more >
by Associated Press -
US Job Openings Fall to Lowest Level Since March 2021 as Labor Market Cools
Layoffs were up modestly in October. And the number of Americans who quit their jobs – which generally reflects confidence in their ability to find better pay or working conditions elsewhere — was down slightly. read more >
by Associated Press -
State Tax Revenue Flat in November
Net available general revenue was $473.4 million, up $1.3 million, or 0.3%, from a year ago. read more >
Arkansas Contractors Forecast Trends, Concerns
Business remains good for Arkansas’ commercial contractors, but high interest rates and costs cause concern. read more >
by Kyle Massey -
Southern Bancorp Names Miguel Lopez Market Strategy Executive, Hispanic/Latino Market (Super Mover)
Lopez previously was senior vice president, chief communications outreach officer at Encore Bank of Little Rock. read more >
Arlington Hotel Sees $30M Renovation
Taking on a long list of overdue chores for the 11-story structure with 20 separate roof lines presented a new challenge for the Texas owner Sky Capital Group, which purchased the 11-story hotel for $7 million in 2017. read more >
by George Waldon -
US Construction Spending Up 8.7% in September
Construction spending in the United States during September rose to a seasonally adjusted annual rate of $1.99 billion, a 0.4% increase compared with August and an 8.7% rise compared with […] read more >
Tornado-Damaged Calais Apartments to Undergo $14M Renovation
Little Rock properties damaged in the March 31 tornado and new builds make up this week's million-dollar construction and real estate deals. read more >
Dillard’s Board Grants Special Dividend for Shareholders
That will mean a big payday for the family members who own shares of the department store chain. read more >
3 Promoted at First Service Bank (Movers & Shakers)
Kasey Jaracz, Morgan Miller and Philip Shell have been promoted at First Service Bank of Greenbrier. read more >
Into the Future (Gwen Moritz Commentary)
Predicting the future may be as simple as recognizing typical patterns. read more >
by Gwen Moritz -
Bitcoin Miner Wins a Round In DeWitt, but Fight Goes On
Locals in Dewitt are rallying opposition to the noisy bitcoin facility, even after Jones Digital LLC won a preliminary court ruling. read more >
by Kyle Massey -
Average Long-Term US Mortgage Rate Falls to 7.22%
The latest decline brought the average rate on a 30-year mortgage down to 7.22% from 7.29% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.49%. read more >
US Economic Growth for Last Quarter Revised Up to 5.2%
The government had previously estimated that the economy grew at a 4.9% annual rate last quarter. read more >
by Associated Press -
Simmons First Names Daniel Hobbs as CFO
Simmons First National Corp. of Pine Bluff says Daniel Hobbs will join the company Monday as executive vice president and chief financial officer. read more >
Microlender Kiva Hits $1M Milestone in Northwest Arkansas
The nonprofit, which says it emphasizes "character over credit," offers funding opportunities to small business owners who may not qualify for traditional loans. read more >
Fed’s Waller: Interest Rates are Likely High Enough to Bring Inflation Back to 2% Target
He cautioned that inflation is still too high and that it's not yet certain if a recent slowdown in price increases can be sustained. read more >
by Associated Press -
Sterling Plaza Sale Tops $3.4M (Real Deals)
The 15,685-SF commercial project in west Little Rock was purchased by Wolf Track Farm LLC, led by Chris Primm. read more >
by George Waldon -
Gearhead Riding High Again: Looking Back on a 27-Year Ride with Ted Herget
Herget started his business in a friend’s living room in 1997 and now owns 20 stores. read more >
by Kyle Massey -
What to Watch in 2024 (Lance Turner Editor’s Note)
Lithium, steel and, yes, politics will make 2024 a big year for business in Arkansas. read more >
by Lance Turner -
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