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Top News & Analysis North Carolina

  • NEW YORK, April 7- Wall Street's top banks see the Federal Reserve laying out by year end its plan to scale back reinvestments in Treasuries and mortgage-backed securities in order to begin shrinking its $4.5 trillion balance sheet, a Reuters poll showed on Friday. The median view of 11 dealers was for the Fed to eventually shrink its balance sheet to $2.75...

  • NEW YORK, April 7- Wall Street's top banks see the Federal Reserve laying out by year end its plan to scale back reinvestments in Treasuries and mortgage-backed securities in order to begin shrinking its $4.5 trillion balance sheet, a Reuters poll showed on Friday. The median view of 11 dealers was for the Fed to eventually shrink its balance sheet to $2.75...

  • As President Trump faces pressure to deliver on his promise to revive manufacturing in the northern "rust belt" states that put him in the White House, his biggest challenge may not be Mexico or China, but the southern U.S. states that form the other pillar of his political base. States like Alabama have built a presence in the global supply chain in direct...

  • As President Trump faces pressure to deliver on his promise to revive manufacturing in the northern "rust belt" states that put him in the White House, his biggest challenge may not be Mexico or China, but the southern U.S. states that form the other pillar of his political base. States like Alabama have built a presence in the global supply chain in direct...

  • *Nonfarm payrolls forecast increasing 180,000 in March. WASHINGTON, April 7- U.S. job growth likely slowed in March after unseasonably mild weather boosted hiring over the prior two months, but the pace of gains should underscore the economy's strength despite a recent slowdown in economic growth. The Labor Department will release its closely watched...

  • April 5- Wall Street ended lower on Wednesday after a late-afternoon reversal following signals from the Federal Reserve that it could change its bond investment policy this year, quenching a rally sparked by a strong private-sector jobs report. Also investor concerns about the Trump administration's ability to deliver promised tax cuts were intensified...

  • *ADP data initially drives Wall St rally. *Wall St rally fizzles after Fed minutes released. "A little bit of the optimism has ebbed out of the market," said Chris Zaccarelli, chief investment officer at Cornerstone Financial Partners in Huntersville, North Carolina.

  • April 5- U.S. stocks turned negative on Wednesday afternoon after meeting minutes showed that the Federal Reserve sees a change in its bond investment policy later this year, which reversed a rally after a strong jobs report earlier in the day. Most Federal Reserve policymakers think the central bank should take steps to begin trimming its $4.5 trillion...

  • WASHINGTON, April 5- If confirmed as expected this week by the U.S. Senate, President Donald Trump's Supreme Court nominee would join his new fellow justices in time to act on divisive cases concerning religion, guns and big business, underscoring Neil Gorsuch's importance as the fifth conservative on a nine-justice court. The Senate's Republican leaders have...

  • ALBANY, N.Y., April 3- New York lawmakers on Monday passed an emergency spending plan authorizing Governor Andrew Cuomo to pay bills and keep the state government operating for the next two months. "There are political and ideological differences between the Senate and Assembly. Cuomo also laid some blame on uncertainty about Washington's policies, including...

  • WASHINGTON, March 31- U.S. consumer spending barely rose in February amid delays in the payment of income tax refunds, but the biggest annual increase in inflation in nearly five years supported expectations of further interest rate hikes this year. The slowdown in consumer spending reported by the Commerce Department on Friday is, however, likely to be...

  • NORTH CAROLINA GOVERNOR SAYS HE HAS SIGNED LAW REPLACING STATE'S CONTROVERSIAL BATHROOM MEASURE.

  • *Kuwait says OPEC discussing extending output cuts. NEW YORK, March 30- Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait backed an extension of OPEC production cuts to reduce a global glut. Kuwait oil minister Essam al-Marzouq said his country was among several nations supporting the extension of a deal between the...

  • *Kuwait says OPEC discussing extending output cuts. NEW YORK, March 30- Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply. Kuwait oil minister Essam al-Marzouq said his country was among several nations supporting the...

  • WINSTON-SALEM, N.C., March 30- North Carolina's Senate on Thursday approved a bill to retool a law banning transgender people from using restrooms in accordance with their gender identities, a measure that had triggered boycotts by companies and sports leagues. Late on Wednesday, leaders of the Republican-dominated state Senate and House of Representatives...

  • *Kuwait says OPEC discussing extending output cuts. NEW YORK, March 30- Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply. "I see no sign from OPEC and Saudi Arabia that they will not roll over the cut into the second half of the...

  • WINSTON-SALEM, N.C., March 30- North Carolina legislators were set to vote on Thursday on a deal to repeal a law prohibiting transgender people from using restrooms in accordance with their gender identities, a measure that has prompted boycotts by companies and sports leagues. It was not clear whether the changes going before the Republican-controlled...

  • A unisex sign and a 'We do not discriminate" slogan outside a bathroom in Durham, North Carolina.

    A breakthrough agreement was criticized by opponents for not going far enough to repeal the controversial House Bill 2, NBC News reports.

  • A file photo showing a gender neutral sign posted outside a bathroom at Oval Park Grill on May 11, 2016 in Durham, North Carolina.

    The law prohibited transgender people from using restrooms in accordance with their gender identities.

  • WASHINGTON, March 29- Contracts to buy previously owned U.S. homes jumped to a 10- month high in February, pointing to robust demand for housing ahead of the busy spring selling season. The report on Wednesday from the National Association of Realtors suggested higher home prices and mortgage rates were having little impact on the housing market for now,...