Category Archives: Business News
The Closing Bell: Stock markets worldwide drop from records as worries about oil prices rattle the bond market
By STAN CHOE AP Business Writer NEW YORK (AP) - The U.S. stock market fell from its records Friday and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market....
Associated Press May 15, 2026
Powell's legacy at the Fed to be shaped by his misjudging inflation and standing up to Trump
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) - When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were ...
Associated Press May 15, 2026
The Closing Bell: Cisco leads Wall Street to more records and the Dow back to 50,000
By STAN CHOE AP Business Writer NEW YORK (AP) - The U.S. stock market rose to more records Thursday after Cisco Systems joined the parade of U.S. companies reporting fatter profits for the start of 20...
Associated Press May 14, 2026
New population numbers: Raleigh and Charlotte continue to grow
WASHINGTON, D.C. (NCN News) - The latest population data from the U.S. Census Bureau show some of North Carolina's largest cities are getting even bigger. The 2025 population report released Thursday ...
Bruce Ferrell May 14, 2026
Senate confirms Trump pick Warsh as chairman of the Federal Reserve, following Powell
WASHINGTON (AP) - The Senate confirmed President Donald Trump's nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment ...
Associated Press May 13, 2026
The Closing Bell: Tech carries Wall Street to records, even as most stocks fall after discouraging inflation data
By STAN CHOE AP Business Writer NEW YORK (AP) - A rebound for technology stocks led Wall Street to records Wednesday, even though the majority of U.S. stocks fell following another discouraging update...
Associated Press May 13, 2026
Wedding photographer faces legal action over failures
RALEIGH, N.C. (NCN News) - A wedding photographer that left a trail of heartbreak is now facing ongoing legal action from the state. Attorney General Jeff Jackson met with reporters to outline actions...
Bruce Ferrell May 13, 2026
Caterpillar adding jobs in Sanford
SANFORD, N.C. (WPTF) - Heavy machinery maker Caterpillar says it plans to add about 600 jobs at its Sanford facility. The company is looking to fill production roles across assembly, logistics and fab...
Bruce Ferrell May 13, 2026
US grocery prices rose in April, but gas spikes weren't the only reason
By DEE-ANN DURBIN AP Business Writer Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Prices for food eaten at...
Associated Press May 13, 2026
Before the bell: Wall Street mixed early and oil prices steady as Trump arrives in China to meet with Xi
By YURI KAGEYAMA and MATT OTT AP Business Writers Wall Street was mixed in premarket trading Wednesday as oil prices steadied and the technology sector appeared ready to bounce back from widespread lo...
Associated Press May 13, 2026