Business Trends | Eastern North Carolina Now

Business Trends  

There are macro economic trends, ever changing due to large sums of government money spent mostly to simply enhance the political fortunes of The Few, which certainly makes a huge economic /business difference all over the United States, where Beaufort County and northeastern NC is not excepted.

Coming on the heels of a second-quarter report that saw losses of $526.7 million, VinFast reported Thursday that it lost an additional $623 million for the third quarter of 2023.
Coming on the heels of a second-quarter report that saw losses of $526.7 million, VinFast reported Thursday that it lost an additional $623 million for the third quarter of 2023.
 
Charlotte has joined a list of major US cities who recently placed a formal bid to designate the Queen City as a nationally recognized regional tech hub.
Charlotte has joined a list of major US cities who recently placed a formal bid to designate the Queen City as a nationally recognized regional tech hub.
 
As North Carolina is America’s ninth most populous state, film and television producers are working with the Tarheel State in mind.
As North Carolina is America’s ninth most populous state, film and television producers are working with the Tarheel State in mind.
 
Disney plans to eliminate thousands of jobs next week, dismissing as many as 15% of entertainment staffers, according to a recent report from Bloomberg.
Disney plans to eliminate thousands of jobs next week, dismissing as many as 15% of entertainment staffers, according to a recent report from Bloomberg.
 
Neuralink founder Elon Musk said he hopes implanting wireless brain-computer chips in humans will play a role in the existential risk of population reduction posed by artificial intelligence.
Neuralink founder Elon Musk said he hopes implanting wireless brain-computer chips in humans will play a role in the existential risk of population reduction posed by artificial intelligence.
 
Ford announced on Monday that it is pausing construction on a multi-billion dollar battery plant in Marshall, Michigan that had drawn scrutiny from U.S. lawmakers over the company’s partnership with Chinese battery-maker Contemporary Amperex Technology Co. Ltd., or CATL.
Ford announced on Monday that it is pausing construction on a multi-billion dollar battery plant in Marshall, Michigan that had drawn scrutiny from U.S. lawmakers over the company’s partnership with Chinese battery-maker Contemporary Amperex Technology Co. Ltd., or CATL.
 
On Tuesday, for the second year in a row, North Carolina earned the top spot in CNBC’s annual “America’s Top States for Business” rankings out of all 50 states.
On Tuesday, for the second year in a row, North Carolina earned the top spot in CNBC’s annual “America’s Top States for Business” rankings out of all 50 states.
 
North Carolina is one of six southern states that, together, have become an economic powerhouse, overtaking the once dominant Northeast region of the United States. That’s according to a new analysis from Bloomberg.
North Carolina is one of six southern states that, together, have become an economic powerhouse, overtaking the once dominant Northeast region of the United States. That’s according to a new analysis from Bloomberg.
 
North Carolina is set to receive over $1.53 billion in federal funding to help with expanding high-speed internet across the state. The U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) made the announcement Monday.
North Carolina is set to receive over $1.53 billion in federal funding to help with expanding high-speed internet across the state. The U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) made the announcement Monday.
 
With such a business-friendly climate, why would NCInnovation even be necessary?
 
It’s not just young people who are getting screwed by the current economy.
It’s not just young people who are getting screwed by the current economy.
 
The Federal Reserve hiked interest rates to the highest level in 22 years on Wednesday, despite easing inflationary pressures.
The Federal Reserve hiked interest rates to the highest level in 22 years on Wednesday, despite easing inflationary pressures.
 
David Stevens, a senior housing official under former President Barack Obama, condemned a proposal from President Joe Biden that will effectively penalize financially stable homebuyers to subsidize those with higher risk.
David Stevens, a senior housing official under former President Barack Obama, condemned a proposal from President Joe Biden that will effectively penalize financially stable homebuyers to subsidize those with higher risk.
 
North Carolina benefitted from the COVID-19 pandemic in terms of small business migration. That’s according to a new Bureau of Labor Statistics report.
North Carolina benefitted from the COVID-19 pandemic in terms of small business migration. That’s according to a new Bureau of Labor Statistics report.
 
"Feels like the beginning of something special."
 
Last week, Beer Serves America reported that the beer industry contributes 75,082 jobs and brings in about $1.8 billion in taxes to the state of North Carolina.
Last week, Beer Serves America reported that the beer industry contributes 75,082 jobs and brings in about $1.8 billion in taxes to the state of North Carolina.
 
As Americans fled the Northeast United States with its repressive social policies during the coronavirus pandemic and immigrated to states in the South, the region lost its traditional position as the leader in contributing to the national GDP — to the South.
As Americans fled the Northeast United States with its repressive social policies during the coronavirus pandemic and immigrated to states in the South, the region lost its traditional position as the leader in contributing to the national GDP — to the South.
 
Endorsement of the LGBTQ movement by hiring diverse suppliers is a prominent theme in the most recent ESG report from Target, a reality which emerges as the brand faces backlash for controversial moves surrounding a recent “Pride Month” apparel collection.
Endorsement of the LGBTQ movement by hiring diverse suppliers is a prominent theme in the most recent ESG report from Target, a reality which emerges as the brand faces backlash for controversial moves surrounding a recent “Pride Month” apparel collection.
 
Target CEO Brian Cornell said in an interview days before his company experienced massive backlash for “Pride Month” efforts that “woke capitalism” was beneficial to his firm.
Target CEO Brian Cornell said in an interview days before his company experienced massive backlash for “Pride Month” efforts that “woke capitalism” was beneficial to his firm.
 
North Carolina Secretary of State Elaine Marshall announced during this month’s small business week that new business filings are still at near-record levels in North Carolina.
North Carolina Secretary of State Elaine Marshall announced during this month’s small business week that new business filings are still at near-record levels in North Carolina.
 
For the third year in a row, North Carolina garners top honors with Site Selection magazine’s Prosperity Cup recognition for economic development.
For the third year in a row, North Carolina garners top honors with Site Selection magazine’s Prosperity Cup recognition for economic development.
 
Target made “emergency” calls last week to managers and senior directors at the store after the company faced backlash for its Pride collection, which included “tuck-friendly” female swimwear and other products, according to a source inside the company.
Target made “emergency” calls last week to managers and senior directors at the store after the company faced backlash for its Pride collection, which included “tuck-friendly” female swimwear and other products, according to a source inside the company.
 
Disney World announced it is shutting down an immersive Star Wars luxury hotel that opened in March 2022.
Disney World announced it is shutting down an immersive Star Wars luxury hotel that opened in March 2022.
 
Wendy’s announced on Thursday that the company will test a robotic system to deliver orders underground from its kitchens to distinct parking spots outside of its restaurants, a move which comes as the food services sector turns toward automation in response to labor shortages.
Wendy’s announced on Thursday that the company will test a robotic system to deliver orders underground from its kitchens to distinct parking spots outside of its restaurants, a move which comes as the food services sector turns toward automation in response to labor shortages.
 
The number of Americans who believe that now is a good time to buy a house has hit a record low, a new poll has found.
The number of Americans who believe that now is a good time to buy a house has hit a record low, a new poll has found.
 
OpenAI CEO Sam Altman testified before members of the Senate on Tuesday about the risks from artificial intelligence advancements, encouraging lawmakers to implement regulations.
OpenAI CEO Sam Altman testified before members of the Senate on Tuesday about the risks from artificial intelligence advancements, encouraging lawmakers to implement regulations.
 
The average age of cars and light-duty trucks on American roads has reached 12.5 years, according to a report from S&P Global, a phenomenon that comes as bottlenecked supply chains and elevated inflation continue their toll on households.
The average age of cars and light-duty trucks on American roads has reached 12.5 years, according to a report from S&P Global, a phenomenon that comes as bottlenecked supply chains and elevated inflation continue their toll on households.
 
Geoffrey Hinton, a cognitive psychologist and computer scientist known as the “Godfather of A.I.,” announced on Monday that he exited his position at Google and is no longer optimistic about the future of artificial intelligence.
Geoffrey Hinton, a cognitive psychologist and computer scientist known as the “Godfather of A.I.,” announced on Monday that he exited his position at Google and is no longer optimistic about the future of artificial intelligence.
 
North Carolina’s unemployment rate dropped to 3.5% in March according to the latest release from the North Carolina Department of Commerce. This is lower than February’s revised rate of 3.6%, yet 0.2 percentage points higher than the unemployment rate in March of last year.
North Carolina’s unemployment rate dropped to 3.5% in March according to the latest release from the North Carolina Department of Commerce. This is lower than February’s revised rate of 3.6%, yet 0.2 percentage points higher than the unemployment rate in March of last year.
 
The American Legislative Exchange Council (ALEC), along with Dr. Arthur B. Laffer, just released their 2023 annual report of Rich States, Poor States.
The American Legislative Exchange Council (ALEC), along with Dr. Arthur B. Laffer, just released their 2023 annual report of Rich States, Poor States.
 
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
 
Japan will continue to purchase Russian crude oil above the $60 per barrel price cap imposed by G7 nations last year.
Japan will continue to purchase Russian crude oil above the $60 per barrel price cap imposed by G7 nations last year.
 
Google executives will scale back a number of the technology firm’s notoriously lavish employee perks amid efforts to reduce costs and increase profitability.
Google executives will scale back a number of the technology firm’s notoriously lavish employee perks amid efforts to reduce costs and increase profitability.
 
Remember when the price of eggs soared, and providers said it was inflation and higher transportation costs and a sudden drop in production and some kind of avian flu?
Remember when the price of eggs soared, and providers said it was inflation and higher transportation costs and a sudden drop in production and some kind of avian flu?
 
Newer     Older »     

HbAD0

 
Back to Top