University of Memphis officials say they’re mulling over the future of Sparks Bureau of Business and Economic Research to see if it can continue serving business, government and community organizations.
Among other things, the CARES Act eliminated the 10% early withdrawal penalty for individuals under the age of 59½. But one-third of any money withdrawn will be included as income on taxes for each of the next three years
AutoZone directors have increased the company’s share repurchase authorization by $1.5 billion, pushing the total since 1998 to $24.65 billion.
In a recent three-year period, the total number of dollars granted to nonprofits led by people of color in Memphis actually dropped — from 37% to 31%.
On Nov. 27, the benchmark 30-year fixed refinance rate was 3.09%, according to Bankrate.com. The average 15-year fixed refinance rate was 2.52%.
Hundreds of thousands of Americans received unemployment benefits when the pandemic shut down businesses, as well as the additional $600 per week stimulus under the CARES Act.
Locally, shares of FedEx Corp. hit an intraday 52-week high of 296.04, closing at 291.68 per share.
First Horizon’s stock will continue to trade under the same symbols.
In its Building Blocks program, JA partners with Shelby County Schools to offer a 40-part video series and curriculum guides to introduce students to local entrepreneurs.
A Democrat in the White House and divided control of Congress may be good for the city: relaxed trade and immigration policies, more stimulus spending, status quo on taxes.
A formal grand opening and ribbon-cutting ceremony with community members and dignitaries will be held on Nov. 18.
With plans for a branch in Arlington, The Bank of Fayette County is increasing its footprint in Shelby County, with more locations expected.
Shares of Memphis-based Paragon Financial Solutions trade on the OTCBB under the ticker symbol PGNN.
The good news: Wealth managers see clients spending less and saving more. The bad news: Some employers have reduced 401(k) contributions, and that could fuel a future retirement crisis.
It is the first quarter Memphis-based First Horizon has reported results that include the merger of Iberiabank and the acquisition of 30 Truist bank branches.
The project employs U of M students to manage about half of Raymond James’ national identity and access program.
A Georgia producer of biodegradable plastics proposes to merge with a blank check company led by Memphis businessman Gary Wunderlich to go public and meet growing demand for eco-friendly plastic.
Federal Paycheck Protection Program and a flight to cash cited as reasons for dramatic increase in local bank deposits.
All 650 respondents were residents of Shelby County and DeSoto County in North Mississippi, spanning more than 40 ZIP codes.
Raymond James’ CEO Paul Reilly sent the memo to employees and financial advisers, notifying them a 4% cut in workforce was part of an effort to reduce costs.
Raymond James is not saying how many of the nearly 930 Memphis employees were laid off on Tuesday.
Over time, Philip Blackett hopes expand the Dave Ramsey course he sponsors to other schools in Memphis and the Boston area.
Investors should look at their time horizon and goals for retirement, not base decisions on any one event, local wealth managers say.
First Commercial operations will include Memphis banking veterans including Sam Jenkins, who will run Memphis operations for the bank.