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Charlotte got some disappointing economic news this week. The Central Intercollegiate Athletic Association, or CIAA, will not be bringing its annual basketball tournament back to Charlotte — for now, anyway. Officials said, the CIAA will be in Baltimore through 2029. Charlotte had hosted the CIAA tournament from 2006 to 2020. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this, and other local business news, on this week's BizWorthy.
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Etihad Airways recently announced it would begin nonstop service between Charlotte and Abu Dhabi, the first new foreign carrier in years — and Charlotte's first nonstop flight to the Middle East. According to the Charlotte Ledger Business Newsletter, that announcement was a surprise Charlotte Douglas airport. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this, and other local business news, on this week's BizWorthy.
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The rules for street vendors in Charlotte could be about to change. The current regulations date back to the 1980s, and City Council is considering changes as tensions rise among vendors, business owners and residents in some neighborhoods. WFAE's Marshall Terry and The Ledger's Cristina Bolling discuss this, and other local business news, on this week's BizWorthy.
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One of Charlotte’s best-known homegrown companies is being sold. AvidXchange was formed in 2000 and, as of the end of last year, had over 1,600 employees. The Ledger's Tony Mecia and WFAE's Marshall Terry have more on that, and other local business news, on this week's BizWorthy.
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President Trump's new tariffs are partly on, partly on hold and partly up in the air — but some businesses around Charlotte are already seeing the impact. That includes Asian grocery stores, which import most of their goods from some of the countries facing the highest tariffs, such as China and Vietnam. The Ledger’s Cristina Bolling joins WFAE's Ely Portillo to discuss this, and more, on this week's BizWorthy.
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Economists continue to sound the alarm about a possible recession amid Trump’s trade war. What would a recession mean for the Charlotte region? The Charlotte Ledger Business Newsletter spoke about that with one of the area's best-known economists. The Ledger’s Tony Mecia joins WFAE's Marshall Terry for more on that, and other business news, on this week's BizWorthy.
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Developers unveiled a plan this week to revamp the park by SouthPark Mall and turn it into a real community focal point. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this local business news, and more, on this week's BizWorthy.
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The quarter ending earlier this week was the worst for stocks in three years, with some dropping by double digits — those include well-known companies with Charlotte connections. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this local business news, and more, on this week's BizWorthy.
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One of Charlotte's oldest major companies is being sold again. Family Dollar, which has been owned by Dollar Tree for more than a decade, is being spun off to a couple of private equity firms. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this local business news, and more, on this week's BizWorthy.
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Wall Street is wonky, and there's plenty of economic uncertainty, with the R-word — recession — being thrown around a lot lately. WFAE's Marshall Terry and the Charlotte Ledger's Tony Mecia talk about that business news, and more, on this week's BizWorthy.