Top News & Analysis Charlotte

  • WASHINGTON, Feb 26- Sales of new U.S. single-family homes raced to a 12-1/ 2- year high in January, pointing to housing market strength that could help to blunt any hit on the economy from the coronavirus and keep the longest economic expansion in history on track. "The strength of new home sales should generate a little extra consumer expenditures on household...

  • Feb 20- Albemarle Corp said on Thursday that none of its employees in China have contracted the coronavirus, but its lithium production facilities in the country will operate at reduced rates for the foreseeable future. Albemarle produces lithium in Chile and Australia and sends it to China for final processing. Kissam on the Thursday call acknowledged part...

  • Feb 20- Albemarle Corp said on Thursday that none of its employees in China have contracted the coronavirus, but its lithium production facilities in the country will operate at reduced rates for the foreseeable future. Albemarle produces lithium in Chile and Australia and sends it to China for final processing. Kissam on the Thursday call acknowledged part...

  • WASHINGTON, Feb 14- U.S. consumer spending slowed further in January, with sales at clothing stores declining by the most since 2009, a trend that could raise concerns about the economy's ability to continue expanding at a moderate pace. They followed on the heels of Federal Reserve Chair Jerome Powell's remarks to lawmakers this week that the "economy is in a...

  • WASHINGTON, Feb 7- U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment. The Labor Department's closely watched monthly employment report on Friday, however, showed the...

  • CHICAGO, Jan 29- Beyond Meat said on Wednesday it will supply plant-based "fried chicken" to several KFC stores in Tennessee and North Carolina, after a test conducted last year showed strong consumer demand. It will be available next month in dozens of stores in and around Nashville, Tennessee, and Charlotte, North Carolina. Louisville, Kentucky- based KFC has over...

  • *Core capital goods orders fall 0.9% in December. *Core capital goods shipments drop 0.4%. WASHINGTON, Jan 28- New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and remained a drag on economic growth.

  • Jan 19- Brian Moynihan, the chief executive officer of Bank of America Corp, has said the bank could double its consumer market share in the United States despite fears about the power of the country's largest banking institutions. The reality is, you could double that, "Moynihan said https://on.ft.com/2NEtMda in an interview with the Financial Times, pointing...

  • *Billionaire David Tepper bullish on U.S. equities. Market sentiment brightened further this week after the United States and China sealed a Phase 1 trade deal, pausing an 18- month tariff dispute that has weighed on financial markets globally. "The macro data points both here and abroad have been relatively positive," said Michael James, managing director of...

  • *Billionaire David Tepper bullish on U.S. equities. Market sentiment brightened further this week after the United States and China sealed a Phase 1 trade deal, pausing an 18- month tariff dispute that has weighed on financial markets globally. "The macro data points both here and abroad have been relatively positive," said Michael James, managing director of...

  • John Stumpf, who ran the San Francisco- based bank from 2007 to 2016, spoke publicly about being raised on a Minnesota farm with 10 siblings, and once recounted his own experience being upside down on a mortgage during the foreclosure crisis in 2010. Tim Sloan, who took over the reins as the bank's fake accounts scandal unraveled, once brought his family, including...

  • CNBC's "Marketing Media Money" explores how the Charlotte Regional Business Alliance uses sport as a passion point to market itself to the world. Janet La Bar and Carolina Panthers President Tom Glick explain why it's a win-win for both sides.

  • *Iraq military says two rockets fell in Baghdad. NEW YORK, Jan 8- U.S. stocks ended higher on Wednesday, but the day's uneven path showed investors' sensitivity to any signs of turmoil in the Middle East, with stocks rising on comments by President Donald Trump and paring gains on reports of blasts in Baghdad. Trump spoke at a White House briefing after Iran's missile...

  • *Trade deficit falls 8.2% to $43.1 billion in November. WASHINGTON, Jan 7- The U.S. trade deficit fell to a more than three-year low in November as imports declined further, weighed down by the Trump administration's trade war with China, and exports rebounded, suggesting solid economic growth in the fourth quarter. "The economy may be pulling out of a rough patch,"...

  • Dec 18- The S&P 500 and Nasdaq inched to all-time highs on Wednesday, extending a record-setting run as investors' optimism about the global economy remained strong, while a steep drop in FedEx shares limited further gains. All three major indexes were on pace for their sixth straight session of gains, building on a rally kicked off last week by expectations of an...

  • *Housing starts increase 3.2% in November. *Single-family starts rise 2.4%; multi-family up 4.9%. WASHINGTON, Dec 17- U.S. homebuilding increased more than expected in November and permits for future home construction surged to a 12-1/ 2- year high as lower mortgage rates continue to boost the housing market and support the broader economy.

  • CHICAGO, Dec 10- Chicago and Detroit are the least prepared among the 25 largest U.S. cities to weather an economic recession of the magnitude that struck the country in the previous decade, Moody's Investors Service said on Tuesday. The credit rating agency also found that the cities of Boston; Charlotte, North Carolina; Denver; San Antonio, Texas; San Francisco and...

  • WASHINGTON, Dec 6- U.S. job growth increased by the most in 10 months in November as the healthcare industry boosted hiring and production workers at General Motors returned to work after a strike, the strongest sign yet the economy is in no danger of stalling. The unemployment rate ticked back down to its lowest level in nearly half a century and wage gains...

  • WARREN, Michigan, Dec 5- General Motors Co and South Korea's LG Chem said on Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, creating one of the world's largest battery facilities. The plant, to be built near GM's closed assembly plant in Lordstown in northeast Ohio, will employ more than 1,100 people, the...

  • WASHINGTON, Nov 27- U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in business investment may be drawing to a close. Collectively those reports and others are painting a more upbeat picture of an American economy, now in a record 11th year of expansion, that has had to overcome...