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.

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.
 
American retail expenditures declined 0.6% between October and November, according to data released on Thursday by the Census Bureau.
American retail expenditures declined 0.6% between October and November, according to data released on Thursday by the Census Bureau.
 
The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate revenue, not how much.
The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate revenue, not how much.
 
The last few years have seen an exploding housing market, with the costs of homes surging amid low inventory, but now, experts say the market has taken a turn, and the U.S. has now entered a housing recession.
The last few years have seen an exploding housing market, with the costs of homes surging amid low inventory, but now, experts say the market has taken a turn, and the U.S. has now entered a housing recession.
 
Unemployment rates (not seasonally adjusted) increased in all but two of North Carolina’s counties in June, according to the latest release from the North Carolina Department of Commerce.
Unemployment rates (not seasonally adjusted) increased in all but two of North Carolina’s counties in June, according to the latest release from the North Carolina Department of Commerce.
 
National Economic Council Director Brian Deese said on Wednesday that the United States can address high inflation by passing more spending bills.
National Economic Council Director Brian Deese said on Wednesday that the United States can address high inflation by passing more spending bills.
 
In response to the Covid shutdown recession, the Small Business Administration and Department of the Treasury rolled out the Paycheck Protection Program (PPP).
In response to the Covid shutdown recession, the Small Business Administration and Department of the Treasury rolled out the Paycheck Protection Program (PPP).
 
CNBC ranked North Carolina as the #1 state for business and economy in 2022. North Carolina has consistently been a top 10 contender and last year was the runner-up, but what caused the state to take the top spot?
CNBC ranked North Carolina as the #1 state for business and economy in 2022. North Carolina has consistently been a top 10 contender and last year was the runner-up, but what caused the state to take the top spot?
 
As unemployment remained at low levels in June, the portion of American adults participating in the job market remains far below pre-recession levels, according to a Friday news release from the U.S. Bureau of Labor Statistics.
As unemployment remained at low levels in June, the portion of American adults participating in the job market remains far below pre-recession levels, according to a Friday news release from the U.S. Bureau of Labor Statistics.
 
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