Author: Chaz Cutler

FAIRMONT, W.Va.–(BUSINESS THREAD)–MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record in September 1, 2022, payable September 15, 2022. This is the third quarterly dividend of 2022, an increase of 21% from the third quarter of 2022 compared to the third quarter of 2021. “Robust loan growth and a favorable liquidity profile helped drive significant net interest margin expansion in the second quarter, while asset quality measures remained stable,” said Larry F. Mazza , CEO of…

Goldman Sachs has cut the amount it spends on paying London bankers by almost 60% in the first half of 2022, reflecting what is expected to be a much lower year for dealmakers’ bonuses. The US investment bank spent just over $1 billion on compensation for staff at Goldman Sachs International, which hosts its European business, compared with $2.5 billion a year earlier, according to the accounts published this month. That’s an average payout of about $265,400 for the first six months of this year, compared to $644,000 for the same period in 2021. Goldman said in a statement accompanying…

WEST PALM BEACH, Fla. — According to the AAA, gas prices are falling and the consumer price index shows that inflation is stabilizing. However, financial experts tell WPTV not to get too comfortable just yet. From the grocery store to the gas pump, these past few months have been financially stressful for many people. “It’s really hard,” Rejam Glasper told WPTV. That’s why Glasper, who lives in West Palm Beach, recently got a second job. “I’m actually a data analyst, but I’m also working for Lyft,” he said. “I’ve been driving for Lyft for about a month now. It’s definitely…

There is a subtle shift in some corners of the financial market to the view that the US economy may be strong enough to support higher interest rates that reduce inflation. Signs of that shift in sentiment were evident in fed funds futures, where traders mostly priced in the chances of a rate cut in 2023. And stocks pared their earlier losses on Wednesday, even after the minutes of the Federal Reserve’s July meeting revealed that policymakers see a risk that they may have to tighten more than necessary. Sentiment has oscillated over the past week between optimism that inflation…

Traders, brokers and employees on the trading floor of the screaming pit at the London Metal Exchange in London, United Kingdom, on Monday, February 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images Commodities have generally retreated from their recent peaks, but Wall Street analysts say fundamentals point to another rally later this year. On Friday, the UBS CMCI (Constant Maturity Commodity Index) had fallen around 11% from its peak in early June, while the July yield was flat but still up 16% from last year. In a research note on Friday, UBS Global Wealth Management strategists said the…

Representative Ilhan Omar (D-MN) joins activists in a demonstration outside the White House entrance calling for student debt cancellation in Washington, US on April 27, 2022. Evelyn Hockstein | Reuters Planning his budget for next month, Scott Heins doesn’t know if he’ll have the usual cash he needs for his health care expenses and recently, thanks to inflation, his higher grocery bill. That’s because, like tens of millions of other Americans, you don’t know if your student loan bill will come due. “It’s just been radio silence from the Biden administration,” said Heins, 33, a freelance photographer from Brooklyn, New…

Bipartisan effort aimed at securing Arizona’s water future PHOENIX — The governor’s office and Arizona legislative leadership are now accepting applications for the Board of the Water Infrastructure Finance Authority, which was established this year with the approval of monumental water legislation. “This year we took a bold step to position our state for future success,” said Governor Doug Ducey. “Our water plan is crucial to the growth of our state. We have an important responsibility to carry it forward. It will take the right equipment. We want to represent every corner of our state with diverse perspectives and experiences….