Economy

Economy

The Labor Department lays out last month's cost of living stats

8:17am February 13, 2024

The Labor Department is delivering a report card on inflation. The Federal Reserve has said it wants more evidence that price increases are easing before it starts cutting interest rates.

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The stock market sets new records as Wall Street's confidence in the economy grows

4:43pm February 12, 2024

by David Gura

The stock market has been blasting through record after record. The S&P 500 recently crossed a new threshold for the first time ever. What's driving this record-setting run?

Your guide to a pocket-friendly Super Bowl tailgate

7:58am February 10, 2024

by Scott Horsley

Chicken wings are cheaper this year but chips and dips may cost you more. Here's a playbook for seeing the economy through the lens of your Super Bowl menu.

Chicken wing prices have fallen for the second year in a row, in a windfall for Super Bowl snackers. Beef prices, however, are still climbing.

Good thing, wings cost less and beer's flat: Super Bowl fans are expected to splurge

9:01am February 09, 2024

by Scott Horsley

Super Bowl food: Chicken wings are a bargain this year, but beef prices are climbing. Here's a playbook for staying well fed without having a your wallet thrown for a loss.

It's been 6 months since deadly wildfires swept Maui. Is the economy recovering?

11:50am February 08, 2024

by Debbie Elliott

Maui's economy took a huge hit from a drop-off in tourism after the fires. West Maui opened up to tourists in October, to mixed reaction in the community. What frictions and challenges still remain?

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An investor looks at screens showing stock market movements at a securities company in Fuyang in China's eastern Anhui province on Jan. 17.

Question marks over China's economy have stocks on a long downward slide

5:01am February 08, 2024

by John Ruwitch

Benchmark indexes are near a five-year low, after a rough start to the year. China's CSI 300 index is down nearly 20% over the past 12 months. Analysts say the malaise is a symptom of bigger problems.

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Economy

HanesBrands in Winston-Salem, Global Textiles in Reidsville announce April layoffs

5:36pm February 07, 2024

by Paul Garber

Two major Triad manufacturers have announced plans to lay off a total of about 250 employees in April.

North Carolina Insurance Commissioner Mike Causey

North Carolina insurance commissioner says no to industry plan that could double rates at coast

2:47pm February 06, 2024

by Gary D. Robertson, Associated Press

North Carolina's top insurance regulator has denied

Economy
Race

DOJ says First National Bank discriminated against Black, Latino borrowers in North Carolina

11:04am February 06, 2024

by Ken Sweet, AP Business Writer

First National Bank of Pennsylvania discriminated against Black and Latino homebuyers in North Carolina for a period of at least four years, the Justice Department said Monday, the latest in a long list of banks who have been caught redlining.

Economy

A business owner reflects on the state of the economy amid its 'soft landing'

8:00am February 03, 2024

by Scott Simon

NPR's Scott Simon speaks with Marvin Companies CEO Paul Marvin about opening a new manufacturing plant amid what economists are calling a "soft landing."