The Charlotte Hornets
On the local news roundup, Charlotte City Council’s safety committee focuses on transit security and debates the return of red light cameras, Mooresville Mayor Chris Carney says he won’t resign following a vote of no confidence by the town board, and the Hornets are in the final stretch of their most successful season in years.
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City of CharlotteA major business announcement in Charlotte today: Japanese bank SMBC Group says it has chosen the city for its second U.S. headquarters, bringing about 2,000 jobs and a $50.5 million investment. -
Jeff Roberson/APLocal governments and nonprofits in Alleghany, Ashe, Avery, Surry, Watauga, Wilkes and Yadkin counties can now apply for a share of $40 million to help rebuild business districts damaged by Hurricane Helene.
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There’s a new benchmark to assess how well North Carolina is faring economically. The state Commerce Department launched the County Economic Vitality Index tracking unemployment, wages, median household income and educational attainment. One of the big takeaways is that suburbs may be on the rise. -
It's not just schools that are banning cellphones. Some bars and restaurants are joining the offline trend. Nick de la Canal takes us to one right in Charlotte. -
The project is already in the federal government’s pipeline. The big question now is how local governments will fund their part of it. -
The legislature’s budget stalemate has hit North Carolina’s prison system hard, making it difficult to pay bills and keep enough staff to safely operate its 55 facilities. -
A Charlotte-based subsidiary of Ally Financial has been ordered to pay a $500,000 penalty over its robo-advisor practices. The Charlotte Observer reports that Ally Invest Advisors was investigated for failing to clearly disclose that some “robo-advisor” investment accounts kept about 30% of customers’ money in cash, a move regulators say helped offset lost fees.
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Music festival season is almost upon us, but the Lovin’ Life Music Fest is not happening. It debuted in uptown Charlotte in 2024 with big names such as Stevie Nicks and Post Malone and drew tens of thousands. Last December, festival organizers said they were taking “a short pause” this year and left it at that. For more, Tony Mecia of the Charlotte Ledger Business Newsletter joined WFAE’s Marshall Terry for our segment BizWorthy. -
The effort stems from the partial government shutdown, which has made TSA workers go without pay for more than a month. -
Duke Energy plans to build two 425-megawatt "peaker" natural gas turbines at its Buck Steam Station site near Salisbury. These turbines are not meant to run continuously, but rather during peak load hours, when energy demand is highest.State regulators are hosting a public hearing Tuesday at 7 pm for the proposed construction at the Rowan County Courthouse in Salisbury. A virtual hearing will be held Wednesday at 6:30 pm. More information at ncuc.gov. -
The Charlotte City Council is spending $25 million to improve the BoPlex. -
A study by the National Low Income Housing Coalition shows that all 50 states are experiencing this challenge.
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