Bank of America posted a 10% rise in third quarter profits Tuesday, helped by higher interest rates that allowed the bank to charge more for loans at the same time that it kept expenses under […]
NEW YORK — Strong spending by consumers has been a linchpin keeping the U.S. economy out of a recession, and Vivid Seats CEO Stan Chia doesn’t see demand in his industry falling off. He says […]
DETROIT — Starting next year, people who want to buy a new or used electric or plug-in hybrid vehicle will be able to get U.S. government income tax credits at the time of purchase. Eligible […]
NEW YORK — The Lexington Candy Shop in New York City has served burgers, fries and shakes to hungry patrons for decades. Last remodeled in 1948, the diner is the definition of old-fashioned. But that […]
WASHINGTON, D.C. — Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession. Since mid-summer, the yield on […]
RALEIGH — Retail crime, violence and theft continue to impact the retail industry at unprecedented levels, according to the National Retail Federation’s annual Retail Security Survey. “Retailers are seeing unprecedented levels of theft coupled with […]
CHARLOTTE — Smithfield Foods will close its Charlotte pork processing plant and transfer production to its Tar Heel facility to increase efficiency and better utilize existing capacity, the company announced Tuesday. Financial and other transition […]
NEW YORK — Treasury yields surged in September and sapped the energy from a strong stock market as investors came to terms with the likelihood that interest rates will remain high well into 2024. The […]
CHARLOTTE — Duke Energy Progress implemented new rates for North Carolina customers on Oct. 1. The company says the new rates remain below the national average as the company completes approximately $6.3 billion in upgrades. Rates […]
ORLANDO, Fla. — If you think U.S. roads have gotten busier on your morning commute, you’re not alone. The rate of workers driving to their jobs creeped upwards nationwide last year, as did those who […]
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