News

  • Inflation Figures To Be With Us A While Longer

    Regions Economic Preview December 6, 2021 Inflation forecasts by Regions Bank have hit their highest level since June 1982. The Birmingham-based financial company expects last month’s Consumer Price Index (CPI) read to come in at 0.8 percent, which translates into a year-over-year rate of 7......

  • Youngkin Wants Va. on Offense When it Comes to Economic Development

    The Winchester Star (Va.) December 6, 2021 Fresh off his upset victory in Virginia’s high-profile elections, Republican Governor-elect Glenn Youngkin is embracing a beefed-up economic development strategy for the Old Dominion. “Blueprint Virginia 2030” focuses on 11 areas, including workforce and education, infrastructure, military affairs, resiliency,......

  • Nissan Boss Warns No End in Sight to Global Chip Shortage

    BBC News November 29, 2021 Nissan Motors CEO Makoto Uchida won’t predict the end to the current global microchip shortage but admits it has become a major headache for automotive manufacturers. Semiconductor scarcities are also impacting home appliances and communications equipment, just as consumers double-down......

  • Morgan Stanley: The EV Battery Economy is the ‘New Oil’

    CNBC (YouTube Video) November 18, 2021 Analysts at Morgan Stanley, one of the world’s largest investment banks, liken the nascent market for electric vehicle batteries to the dawn of the oil industry more than a century ago. They foresee an industry that can top $500......

  • NC Retailers, Truckers Say Labor Shortages are Root of Inflation, Supply-Chain Issues

    North State Journal November 17, 2021 Worker shortages – potentially fueled by a stock market near all-time highs – lie at the heart of supply chain kinks, state business leaders say. While the problems are national, North Carolina is faring better than other states. “We......

  • China’s Property Crackdown Sinks Economic Growth to 90s Levels

    Bloomberg/Al Jazeera November 16, 2021 China’s V-shaped recovery from the pandemic was largely driven by the country’s massive construction sector. But Beijing’s policy-induced slowdown of mortgage lending, which has brought property developers such as Evergrande Group to the brink of bankruptcy, is leading some analysts......

  • When a Common Noun Becomes a Proper Noun

    Word Genuis November 5, 2021 At what point does Cancer become a cancer? Turns out nouns have a pecking order, and their social status determines whether to capitalize their first letter. A quick review of this primer from Word Genius will help you avoid creating......

  • What Virginia’s Election Results Could Mean for North Carolina Midterms

    NC Spin November 4, 2021 Democratic opponents in Virginia a harbinger of things to come in North Carolina next year? If history is any guide, the 2022 midterms will be favorable to Republicans, as the political party out-of-power in the White House. All 150 seats......

  • GE to Split Aviation, Health Care and Energy into 3 Public Companies

    CNBC (YouTube Video) November 9, 2021 Though the news was not unanticipated, GE’s announced break-up into separate business entities was the talk of Wall Street this week. Company CEO Larry Culp told CNBC that customers were asking for focus. Does the move portend the demise......

  • Democrats Trim Biden’s Social Spending Plan as They Rush to Strike a Deal This Week

    CNBC October 25, 2021 Assuming it passes, the $1 trillion federal infrastructure bill could elevate the nation’s competitive economic posture via a host of hard assets. But running alongside the bill’s progress is a social spending package that has divided Congressional Democrats. Intra-party negotiations have......