Business
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 […]
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. […]
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 […]
Hot Properties: Million-dollar deals
July 11. Recent home sales in excess of $1 million. $3,125,000 Matthew & Laura Woodford to David Cameron, 15536 Fisherman Rest Ct., Cornelius $2,300,000 Jennifer Dunn to Matthew & Lura Woodford, 17037 Freshwater Ln., Cornelius $2,125,000 John & Joy Evans to Bruce & Catherine Hildyard, 18016 Mulligan Ln., Cornelius $2,000,000 John Haddock Sr. & Marcia […]
LKN Chamber Business Expo in October
July 11. The Lake Norman Chamber of Commerce is bringing the Business Expo back to the Huntersville Recreation Center on Verhoeff Drive Oct. 8. Lake Norman’s largest business trade show—it’s the chamber’s signature event since 2001—will feature more than 100 vendor booths. The trade show showcases a wide variety of small businesses in such industries […]
