Regional Business | Eastern NC Now

We wish to expose the various businesses providing the variety of services that support the marketplace within the various communities of northeastern North Carolina, which is the region that Beaufort County NOW serves.

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Regional Business  

We wish to expose the various businesses providing the variety of services that support the marketplace within the various communities of northeastern North Carolina, which is the region that Beaufort County NOW serves.

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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.
 
NSF-funded projects aim to create economic shift
NSF-funded projects aim to create economic shift
 
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?
 
Tesla chief executive Elon Musk, Apple co-founder Steve Wozniak, and hundreds of other technology leaders called for a pause on the development of powerful artificial intelligence due to the “profound risks” that the nascent systems pose to mankind.
Tesla chief executive Elon Musk, Apple co-founder Steve Wozniak, and hundreds of other technology leaders called for a pause on the development of powerful artificial intelligence due to the “profound risks” that the nascent systems pose to mankind.
 
First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
 
Switzerland‘s two largest banks are poised to merge in a deal regulators sought to help create stability as volatility rocks financial institutions around the globe.
Switzerland‘s two largest banks are poised to merge in a deal regulators sought to help create stability as volatility rocks financial institutions around the globe.
 
Unemployment rates increased in all but one of North Carolina’s 100 counties in January, according to the latest release from the state’s Department of Commerce. These local rates are not seasonally adjusted and are subject to large seasonal patterns.
Unemployment rates increased in all but one of North Carolina’s 100 counties in January, according to the latest release from the state’s Department of Commerce. These local rates are not seasonally adjusted and are subject to large seasonal patterns.
 
Ford submitted a patent application for a self-driving vehicle that would repossess itself if the owner misses car payments.
Ford submitted a patent application for a self-driving vehicle that would repossess itself if the owner misses car payments.
 
A Vietnamese electric vehicle maker with plans to build a production plant in Chatham County may be in trouble after announcing it is cutting 80 jobs in the U.S., including its chief financial officer, all before delivering its first vehicle.
A Vietnamese electric vehicle maker with plans to build a production plant in Chatham County may be in trouble after announcing it is cutting 80 jobs in the U.S., including its chief financial officer, all before delivering its first vehicle.
 
More recession and economic concerns as another tech company announces layoffs
 
“It is important to recognize that some of this growth in business formation is due to necessity entrepreneurship as more workers were displaced during the pandemic,” said Greg Brown
“It is important to recognize that some of this growth in business formation is due to necessity entrepreneurship as more workers were displaced during the pandemic,” said Greg Brown
 
Consumer spending fell 0.2 percent in December, making this the second consecutive month of decline. Covid savings are drying up and high interest rates appear to be cooling the economy.
Consumer spending fell 0.2 percent in December, making this the second consecutive month of decline. Covid savings are drying up and high interest rates appear to be cooling the economy.
 
Sen. Bill Rabon, R-Brunswick, has filed the NC Compassionate Care Act (S. B. 3), a bill that legalizes medical marijuana. It was the first bill filed in North Carolina’s state Senate on Wednesday, the first day of bill filing.
Sen. Bill Rabon, R-Brunswick, has filed the NC Compassionate Care Act (S. B. 3), a bill that legalizes medical marijuana. It was the first bill filed in North Carolina’s state Senate on Wednesday, the first day of bill filing.
 
New business creation filings grew 40% in 2021 over 2020, for a total of 178,300 new businesses in the state.
New business creation filings grew 40% in 2021 over 2020, for a total of 178,300 new businesses in the state.
 
North Carolina has been named the 2022 State of the Year by Business Facilities magazine. The state previously won the honor in 2020.
North Carolina has been named the 2022 State of the Year by Business Facilities magazine. The state previously won the honor in 2020.
 
Wells Fargo announced a pivot toward offering home ownership services for minority applicants even as the firm pulls away from the mortgage correspondent and servicing businesses.
Wells Fargo announced a pivot toward offering home ownership services for minority applicants even as the firm pulls away from the mortgage correspondent and servicing businesses.
 
Scientists from the Lawrence Livermore National Laboratory in Calif. produced net energy gain
 
A number of entertainment conglomerates and media companies are announcing layoffs as the macroeconomy continues to impact several industries.
A number of entertainment conglomerates and media companies are announcing layoffs as the macroeconomy continues to impact several industries.
 
Inspired by the recent actions of new Twitter owner and chief executive Elon Musk, more business leaders in California’s Silicon Valley are dismissing surplus employees.
Inspired by the recent actions of new Twitter owner and chief executive Elon Musk, more business leaders in California’s Silicon Valley are dismissing surplus employees.
 
One of the most noteworthy geopolitical and economic developments in modern history has been the emergence of China as a superpower. The miraculous rise of the once-ascendent communist nation, however, could lose tremendous momentum as the strength of its manufacturing sector rapidly dissipates.
One of the most noteworthy geopolitical and economic developments in modern history has been the emergence of China as a superpower. The miraculous rise of the once-ascendent communist nation, however, could lose tremendous momentum as the strength of its manufacturing sector rapidly dissipates.
 
Building permits are down more than 15% from a year ago.
Building permits are down more than 15% from a year ago.
 
North Carolina places 10th in the nation for its tax environment, according to new rankings from the Washington, D.C.-based Tax Foundation.
North Carolina places 10th in the nation for its tax environment, according to new rankings from the Washington, D.C.-based Tax Foundation.
 
Ongoing trend continues of companies not living up to their economic promises to North Carolina despite JDIG incentives.
Ongoing trend continues of companies not living up to their economic promises to North Carolina despite JDIG incentives.
 
Unemployment increased in 99 of North Carolina’s 100 counties last month according to the latest release from the state’s Department of Commerce.
Unemployment increased in 99 of North Carolina’s 100 counties last month according to the latest release from the state’s Department of Commerce.
 
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