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In the Time of Business  

News that involves the business of our lives, living within our collective economy.

Ford Motor Company revealed this week that it lost more than a hundred thousand dollars for every electric vehicle that it sold during the first quarter.
Ford Motor Company revealed this week that it lost more than a hundred thousand dollars for every electric vehicle that it sold during the first quarter.
 
Gateway to the World: North Carolina's ports see record traffic
 
Mercedes-Benz is scrapping its plans to only sell electric vehicles after 2030 as consumer demand for EVs remains lower than what automakers projected.
Mercedes-Benz is scrapping its plans to only sell electric vehicles after 2030 as consumer demand for EVs remains lower than what automakers projected.
 
North Carolina has climbed to rank 9th in the nation for its tax climate, according to the latest study conducted by the nonprofit Tax Foundation.
North Carolina has climbed to rank 9th in the nation for its tax climate, according to the latest study conducted by the nonprofit Tax Foundation.
 
The Tax Foundation, a Washington D.C. based nonpartisan tax policy research organization, has released its 2024 State Business Tax Climate Index.
The Tax Foundation, a Washington D.C. based nonpartisan tax policy research organization, has released its 2024 State Business Tax Climate Index.
 
Epsilon Advanced Materials (EAM), India’s leading battery materials company has announced a $650 million investment in Brunswick County, North Carolina.
Epsilon Advanced Materials (EAM), India’s leading battery materials company has announced a $650 million investment in Brunswick County, North Carolina.
 
Lululemon founder Chip Wilson is taking backlash for his recent comments about the brand’s adoption of Diversity, Equity, and Inclusion (DEI) policies — which he said led to the use of “unhealthy,” “sickly,” and “not inspirational” models to promote the brand.
Lululemon founder Chip Wilson is taking backlash for his recent comments about the brand’s adoption of Diversity, Equity, and Inclusion (DEI) policies — which he said led to the use of “unhealthy,” “sickly,” and “not inspirational” models to promote the brand.
 
Tesla unveiled intentions to build two more factories and hire thousands of people in the state of Nevada.
Tesla unveiled intentions to build two more factories and hire thousands of people in the state of Nevada.
 
Elon Musk announced Wednesday that he had officially moved SpaceX’s incorporation from Delaware to Texas — where his electric vehicle company Tesla is headquartered.
Elon Musk announced Wednesday that he had officially moved SpaceX’s incorporation from Delaware to Texas — where his electric vehicle company Tesla is headquartered.
 
“Squad” member Rep. Ayanna Pressley (D-MA) accused Walgreens of racism after the company closed a pharmacy in her district.
“Squad” member Rep. Ayanna Pressley (D-MA) accused Walgreens of racism after the company closed a pharmacy in her district.
 
Cargo shipping giant Maersk announced on Tuesday a pause of transits through the Red Sea “until further notice” after one of its container vessels got attacked over the weekend by what the United States identified as Iranian-backed Houthi boats.
Cargo shipping giant Maersk announced on Tuesday a pause of transits through the Red Sea “until further notice” after one of its container vessels got attacked over the weekend by what the United States identified as Iranian-backed Houthi boats.
 
Over recent months, shopping malls in the Charlotte area have seen several incidents of criminal activity, which is part of a larger wave of offenses committed at other malls in large urban areas throughout the U.S.
Over recent months, shopping malls in the Charlotte area have seen several incidents of criminal activity, which is part of a larger wave of offenses committed at other malls in large urban areas throughout the U.S.
 
Discover the real cost of living in North Carolina for renters. Explore housing expenses, utilities, and budgeting tips.
Discover the real cost of living in North Carolina for renters. Explore housing expenses, utilities, and budgeting tips.
 
Bar owners suing the state of North Carolina over COVID-related shutdowns oppose Gov. Roy Cooper's latest legal request. Cooper wants the state Supreme Court to take the case.
Bar owners suing the state of North Carolina over COVID-related shutdowns oppose Gov. Roy Cooper's latest legal request. Cooper wants the state Supreme Court to take the case.
 
North Carolina was the only state government on a list of 150 employers
 
Today, the Golden LEAF Foundation and the NC Chamber Foundation, with support from NC Farm Bureau and Google, formally announce NC Ag Leads, a pivotal strategic planning initiative for the North Carolina agriculture industry
Today, the Golden LEAF Foundation and the NC Chamber Foundation, with support from NC Farm Bureau and Google, formally announce NC Ag Leads, a pivotal strategic planning initiative for the North Carolina agriculture industry
 
The recently passed NC state budget contains a provision that would not allow local governments and municipalities to establish minimum wage and other employment-related requirements for private employers.
The recently passed NC state budget contains a provision that would not allow local governments and municipalities to establish minimum wage and other employment-related requirements for private employers.
 
On Thursday, Sen. Paul Newton, R-Cabarrus, and House Speaker Tim Moore, R-Cleveland, announced that NASCAR’s All-Star race will be returning to North Wilkesboro. This will be the 40th running of the NASCAR All-Star Race.
On Thursday, Sen. Paul Newton, R-Cabarrus, and House Speaker Tim Moore, R-Cleveland, announced that NASCAR’s All-Star race will be returning to North Wilkesboro. This will be the 40th running of the NASCAR All-Star Race.
 
A federal judge has rejected a Waynesville-based company's request to block a new federal rule linked to farm worker wages.
A federal judge has rejected a Waynesville-based company's request to block a new federal rule linked to farm worker wages.
 
Vinfast issued an earnings report for the second quarter of 2023 on Thursday, and the news is not good for the Vietnamese electric vehicle maker.
Vinfast issued an earnings report for the second quarter of 2023 on Thursday, and the news is not good for the Vietnamese electric vehicle maker.
 
Apparently responding to the widespread anti-Semitism that has ballooned on campus since the Hamas massacre of 1,200 Israelis on October 7, Palantir Technologies announced on Thursday that they would set aside 180 positions for Jewish students
Apparently responding to the widespread anti-Semitism that has ballooned on campus since the Hamas massacre of 1,200 Israelis on October 7, Palantir Technologies announced on Thursday that they would set aside 180 positions for Jewish students
 
The bank with the most closures was PNC Bank
 
Billionaire venture capitalist Mark Cuban announced he’s leaving the hit ABC reality series, “Shark Tank,” after season 16.
Billionaire venture capitalist Mark Cuban announced he’s leaving the hit ABC reality series, “Shark Tank,” after season 16.
 
Elon Musk‘s SpaceX made headway in the second test flight of its Starship rocket despite the demo on Saturday ending with explosions.
Elon Musk‘s SpaceX made headway in the second test flight of its Starship rocket despite the demo on Saturday ending with explosions.
 
Sources claim that Disney World is offering pronoun pins to their employees in its latest act of blatant virtue signaling.
Sources claim that Disney World is offering pronoun pins to their employees in its latest act of blatant virtue signaling.
 
While construction on its $4 billion plant is underway in Chatham County, Vietnamese electric vehicle maker VinFast began trading on the Nasdaq Tuesday as Black Spade Acquisition Company shareholders agreed to approve the merger with VinFast Thursday.
While construction on its $4 billion plant is underway in Chatham County, Vietnamese electric vehicle maker VinFast began trading on the Nasdaq Tuesday as Black Spade Acquisition Company shareholders agreed to approve the merger with VinFast Thursday.
 
Sen. J.D. Vance (R-OH) confronted the Biden administration’s commerce secretary on Wednesday over so-called diversity mandates dictating the hiring practices for domestic semiconductor manufacturing companies seeking federal funding
Sen. J.D. Vance (R-OH) confronted the Biden administration’s commerce secretary on Wednesday over so-called diversity mandates dictating the hiring practices for domestic semiconductor manufacturing companies seeking federal funding
 
Partially redacted portions of the Federal Trade Commission’s (FTC) antitrust lawsuit against Amazon allege the company used an internal algorithmic pricing tool described as an “unfair method of competition” to test how much it could raise prices so competitors would follow.
Partially redacted portions of the Federal Trade Commission’s (FTC) antitrust lawsuit against Amazon allege the company used an internal algorithmic pricing tool described as an “unfair method of competition” to test how much it could raise prices so competitors would follow.
 
The groundbreaking on what is being called the “crown jewel of VinFast’s global expansion” occurred Friday morning at the site of the $4 billion EV manufacturing plant in Triangle Innovation Point, in the Chatham County town of Moncure.
The groundbreaking on what is being called the “crown jewel of VinFast’s global expansion” occurred Friday morning at the site of the $4 billion EV manufacturing plant in Triangle Innovation Point, in the Chatham County town of Moncure.
 
One of the nation’s oldest and largest insurance companies had its incentives package terminated by the North Carolina Economic Investment Committee Tuesday for failing to add thousands of jobs to its operations center in Charlotte.
One of the nation’s oldest and largest insurance companies had its incentives package terminated by the North Carolina Economic Investment Committee Tuesday for failing to add thousands of jobs to its operations center in Charlotte.
 
The 4th U.S. Circuit Court of Appeals has affirmed a lower court ruling against investors in a Triangle-based biopharmaceutical company. Pension funds for police and firefighers in San Antonio and El Paso served as lead plaintiffs in the case.
The 4th U.S. Circuit Court of Appeals has affirmed a lower court ruling against investors in a Triangle-based biopharmaceutical company. Pension funds for police and firefighers in San Antonio and El Paso served as lead plaintiffs in the case.
 
U.S. Transportation Secretary Pete Buttigieg said Wednesday that cars were “going electric” whether the people were ready to go along with them or not.
U.S. Transportation Secretary Pete Buttigieg said Wednesday that cars were “going electric” whether the people were ready to go along with them or not.
 
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