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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Duke EnergyDuke 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. -
Google Street ViewThe Charlotte City Council is spending $25 million to improve the BoPlex.
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A study by the National Low Income Housing Coalition shows that all 50 states are experiencing this challenge. -
Home prices in the Charlotte region rose in February even as the number of sales declined, according to new data from the Charlotte-area Realtor association, Canopy MLS.The group said home sales dropped almost 9% compared with February 2025. The average sale price rose 2%, climbing to more than $483,000. -
March Madness is underway and you can be sure a lot of bets are being made in North Carolina on who will go all the way. This month marks two years since the state legalized online sports gambling. In that time, North Carolina has seen a rise in gambling problems. -
Sports betting marketers are wooing females, pitching their gambling as inclusive, empowering and a way to connect with friends. -
North Carolina drivers can now check DMV wait times online before leaving home. -
North Carolina Gov. Josh Stein visited Charlotte on Thursday to mark the opening of PSA Airlines’ new corporate headquarters. The regional carrier, a wholly owned subsidiary of American Airlines that operates American Eagle flights, moved its central office from Dayton, Ohio, to Charlotte in January. -
With March Madness underway, gambling problems are rising — especially among teenagers and younger men.
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Duke Energy is asking state regulators for permission to develop new fossil fuel resources to meet growing electricity demand driven by population growth and potential new AI data centers. -
Gov. Josh Stein is scheduled to visit Charlotte on Thursday for the grand opening of PSA Airlines’ new headquarters in the city.The new facility is expected to bring 400 jobs to Mecklenburg County and support more than $228 million in annual economic output in North Carolina, according to state and local officials.
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The former Sycamore Brewing reopened this past weekend in time for St. Patrick’s Day holiday. It has a new name, Club West Brewing, and is in the process of getting a new owner. Sycamore Brewing closed in early January, a few weeks after one of its co-founders was arrested on sex crime charges involving a 13-year-old girl. For more, Ashley Fahey of the Charlotte Ledger Business Newsletter joined WFAE’s Marshall Terry for our segment BizWorthy.
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