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Financial giants JPMorgan and State Street announced this week that they were leaving the Climate Action 100+ organization, an investors group that pushes ESG initiatives and controls about $68 trillion in assets.
Financial giants JPMorgan and State Street announced this week that they were leaving the Climate Action 100+ organization, an investors group that pushes ESG initiatives and controls about $68 trillion in assets.
 
In the Pines, a John Locke Foundation-produced short film based on the 1898 insurrection that toppled Wilmington’s elected local government, recently won Best Film and two other awards at the Golden Hour Film Festival in Morganton.
In the Pines, a John Locke Foundation-produced short film based on the 1898 insurrection that toppled Wilmington’s elected local government, recently won Best Film and two other awards at the Golden Hour Film Festival in Morganton.
 
Two recent headlines grabbed my attention. The first was the announcement that Toyota, having already announced a major project to build batteries for electric vehicles in Randolph County, has expanded their plans.
Two recent headlines grabbed my attention. The first was the announcement that Toyota, having already announced a major project to build batteries for electric vehicles in Randolph County, has expanded their plans.
 
All economies are planned, the conflict is between who gets to make the plans: individuals or a centralized few
All economies are planned, the conflict is between who gets to make the plans: individuals or a centralized few
 
Chairman of the Federal Reserve Jerome Powell hinted that more interest rate hikes may be coming during a speech in Jackson Hole, Wyoming, on Friday.
Chairman of the Federal Reserve Jerome Powell hinted that more interest rate hikes may be coming during a speech in Jackson Hole, Wyoming, on Friday.
 
The potentially biggest event in our lifetimes occurred this week. No, it wasn’t the indictment of a former President of the United States by a politically motivated District Attorney.
The potentially biggest event in our lifetimes occurred this week. No, it wasn’t the indictment of a former President of the United States by a politically motivated District Attorney.
 
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
 
Nestlé, the largest food and drink company in the world, raised prices by a collective 9.8% in the first three months of the year as inflationary pressures increased input costs for the business.
Nestlé, the largest food and drink company in the world, raised prices by a collective 9.8% in the first three months of the year as inflationary pressures increased input costs for the business.
 
Economists at the Federal Reserve predicted that a mild recession would hit the United States in the second half of 2023.
Economists at the Federal Reserve predicted that a mild recession would hit the United States in the second half of 2023.
 
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
 
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
 
Duke Energy Carolinas wants to increase residential rates for its customers between 16.2 and 16.6% by Sept. 1 and an additional 0.4% by Jan. 1. The utility is also seeking a rate hike for commercial and industrial customers. Rates would increase by 12.1% and 15.2%.
Duke Energy Carolinas wants to increase residential rates for its customers between 16.2 and 16.6% by Sept. 1 and an additional 0.4% by Jan. 1. The utility is also seeking a rate hike for commercial and industrial customers. Rates would increase by 12.1% and 15.2%.
 
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
 
Federal Reserve Chair Jerome Powell warned lawmakers on Tuesday that the central bank would continue to increase the target federal funds rate as inflationary pressures remain elevated.
Federal Reserve Chair Jerome Powell warned lawmakers on Tuesday that the central bank would continue to increase the target federal funds rate as inflationary pressures remain elevated.
 
Government subsidies involve policymakers using your money to prop up politically chosen initiatives
Government subsidies involve policymakers using your money to prop up politically chosen initiatives
 
Marijuana, gambling take a front seat in new legislative session. That's disappointing under GOP leadership
Marijuana, gambling take a front seat in new legislative session. That's disappointing under GOP leadership
 
North Carolina continues to make headlines for its economic development incentives
 
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.
 
North Carolina’s decade of economic success deserves celebration. Even more so, however, it is worth applauding the important steps toward reform that state lawmakers have undertaken over the past decade.
North Carolina’s decade of economic success deserves celebration. Even more so, however, it is worth applauding the important steps toward reform that state lawmakers have undertaken over the past decade.
 
Americans are now saving the smallest portion of their earnings in nearly two decades, according to data released on Thursday by the Bureau of Economic Analysis.
Americans are now saving the smallest portion of their earnings in nearly two decades, according to data released on Thursday by the Bureau of Economic Analysis.
 
Americans expected to pay more for Thanksgiving turkey this year than ever before, but residents of some states are experiencing far higher prices than their counterparts in others as inflation continues to impact the economy.
Americans expected to pay more for Thanksgiving turkey this year than ever before, but residents of some states are experiencing far higher prices than their counterparts in others as inflation continues to impact the economy.
 
After two consecutive quarters of negative growth, the U.S. economy saw gains in the third quarter. U.S. gross domestic product (GDP) increased by 0.6% in Q3, according to the advance estimate released today by the Bureau of Economic Analysis.
After two consecutive quarters of negative growth, the U.S. economy saw gains in the third quarter. U.S. gross domestic product (GDP) increased by 0.6% in Q3, according to the advance estimate released today by the Bureau of Economic Analysis.
 
The unemployment rate reached 3.7% in the month of October as payrolls rose by 261,000, according to a Friday report from the Bureau of Labor Statistics.
The unemployment rate reached 3.7% in the month of October as payrolls rose by 261,000, according to a Friday report from the Bureau of Labor Statistics.
 
The American economy grew at a 2.6% annualized pace in the third quarter of 2022, according to an advance estimate from the Bureau of Economic Analysis released Thursday.
The American economy grew at a 2.6% annualized pace in the third quarter of 2022, according to an advance estimate from the Bureau of Economic Analysis released Thursday.
 
Ocean logistics companies are canceling orders amid declines in worldwide consumer demand, according to a Monday report from CNBC.
Ocean logistics companies are canceling orders amid declines in worldwide consumer demand, according to a Monday report from CNBC.
 
Real gross domestic product (GDP) is confirmed to have shrunk at an annualized rate of 0.6% in the second quarter of 2022, according to a Thursday report from the Bureau of Economic Analysis.
Real gross domestic product (GDP) is confirmed to have shrunk at an annualized rate of 0.6% in the second quarter of 2022, according to a Thursday report from the Bureau of Economic Analysis.
 
The International Monetary Fund (IMF) cautioned the British government on Tuesday as officials moved to cut taxes and regulations, arguing that the agenda will worsen inflationary pressures.
The International Monetary Fund (IMF) cautioned the British government on Tuesday as officials moved to cut taxes and regulations, arguing that the agenda will worsen inflationary pressures.
 
Steve Forbes, the chair of Forbes Media and editor-in-chief of Forbes Magazine, argued on Monday that monetary policymakers are neglecting currency stabilization as a tool to combat inflation.
Steve Forbes, the chair of Forbes Media and editor-in-chief of Forbes Magazine, argued on Monday that monetary policymakers are neglecting currency stabilization as a tool to combat inflation.
 
Federal Reserve Vice Chair Lael Brainard said on Monday that the central bank increasing federal funds rate targets will have dramatic effects on economic activity.
Federal Reserve Vice Chair Lael Brainard said on Monday that the central bank increasing federal funds rate targets will have dramatic effects on economic activity.
 
A key bridge connecting Crimea to mainland Russia was badly damaged in a huge explosion early Saturday, according to Russian media and social media video.
A key bridge connecting Crimea to mainland Russia was badly damaged in a huge explosion early Saturday, according to Russian media and social media video.
 
After the Bank of England announced that it expects the economy of Britain to shrink in the third quarter of 2022, news outlets reported that the country is in a recession — although several American media outlets refused to do the same upon similar news in the United States.
After the Bank of England announced that it expects the economy of Britain to shrink in the third quarter of 2022, news outlets reported that the country is in a recession — although several American media outlets refused to do the same upon similar news in the United States.
 
The Federal Reserve raised the federal funds rate 0.75% on Wednesday afternoon, sending the Dow Jones falling more than 500 points.
The Federal Reserve raised the federal funds rate 0.75% on Wednesday afternoon, sending the Dow Jones falling more than 500 points.
 
Oh, if only the Lord would provide NC with a man/woman such as this for Governor
Oh, if only the Lord would provide NC with a man/woman such as this for Governor
 
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