Newsroom
Did COVID permanently change the labor market?
July 26. By Mike Walden. [Analysis] I doubt that anyone alive during the COVID pandemic will forget it. Many of us are reminded of it every day. Certainly, many remember being ill, or mourn friends or family who passed due to the disease. We still see people wearing masks, and this time of year we’re […]
United Bankshares reports second-quarter earnings
July 25. United Bankshares reported earnings for the second quarter of 2024 of $96.5 million, or $0.71 per diluted share. Second-quarter results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.32%, 7.99% and 13.12%, respectively. Quotable “UBSI continues to consistently deliver exceptional results,” stated Richard M. Adams, […]
Mecklenburg New Corporations
July 24. These businesses have registered with the North Carolina Secretary of State. Cornelius 5/16/24 Aegis Group LLC, Randall Blake Humphrey, 18636 Starcreek Dr., Cornelius 5/17/24 Lazy Brown Dog LLC, Lowell Alan Sanford, 9406 Cadman Ct., Cornelius 5/20/24 Jennifer Wells Health Collective LLC, Jennnifer Wells, 16506 Barcica Ln., Cornelius 5/21/24 16 West Home Furnishings Inc., […]
Central Piedmont is a $1 billion force in the local economy
July 24. With more than 43,000 students enrolled across all programs, Central Piedmont Community College contributes $1 billion annually to the Mecklenburg County economy, an amount equal to 1 percent of the county’s gross regional product. “For over 60 years, Central Piedmont has established a record and reputation for making a positive impact in Mecklenburg […]
Allen Tate names Melissa Turney Lake Norman sales manager
July 23. Allen Tate Cos. has named Melissa Turney as sales manager for the company’s Lake Norman office. Turney will develop and coach an established team of more than 75 agents and help expand the culture of Allen Tate to attract new agents. She will partner with Branch Leader Angela Standish to lead the Allen […]
NC jobless rate stays at 3.6% while national rate edges upward by .1%
July 19. The state’s seasonally adjusted June 2024 unemployment rate was 3.6 percent, unchanged from May’s revised rate. The national rate increased 0.1 of a percentage point to 4.1 percent. North Carolina’s jobless rate increased 0.2 of a percentage point from a year ago. The number of people employed decreased 924 over the month to […]
Sen. Marcus amasses campaign war chest in bid for NC Commissioner of Insurance
July 17. Campaign reports for NC Sen. Natasha Marcus, the Democratic nominee for NC Commissioner of Insurance, and Mike Causey, the incumbent, show Marcus well ahead of her Republican opponent. Marcus, who represents NC District 41, which includes Cornelius, said her campaign raised an unprecedented $281,092—the largest-ever fundraising report posted by a candidate for NC […]
NC is the state with the 8th most financial distress
July 17. According to a nationwide WalletHub survey, North Carolina is the eighth most financially distressed state, with more personal financial troubles than 42 other states. North Carolina’s Financial Distress (1=Most Distressed; 25=Average.): 15th – Average Credit Score (March 2024) 27th – Change in the Average Number of Accounts in Distress – Q1 2024 vs. […]
Atrium Rehabilitation ranked by US News & World Report
July 16. U.S. News & World Report has ranked Atrium Health Carolinas Rehabilitation at No. 7 on the “Best Hospitals for Rehabilitation” list. For the second year in a row, Carolinas Rehabilitation has earned top 10 recognition, improving from No. 9 in 2023. The designation puts Carolinas Rehabilitation among the top 1 percent of rehabilitation […]
You Decide: Have Cities Reached Their Peak?
July 16. By Mike Walden. [Analysis] I grew up in a rural region outside of Cincinnati, Ohio, in the 1950s and early ‘60s. Our home was around the corner from my paternal grandfather’s farm. I enjoyed the open spaces and clean air. Traffic was minimal, so I could ride my bike everywhere. However, there were […]
