Business

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business

Unemployment hurting women more than men

Aug. 19. In late 2019, a headline in The Hill trumpeted the fact that women made up the majority of the workforce. What a difference a little more than six months makes. A recent LaborIQ analysis conducted by ThinkWhy noted that, according to the Bureau of Labor Statistics May 2020 numbers, women’s unemployment rate stood at 14.3% versus 11.9% […]

NC State Pension Funds report gains

Aug. 19. The NC State Pension Fund had gains of 6.38% for the 2nd quarter. Pension fund assets were valued at $103.9 billion on June 30, an increase of $5.6 billion from $98.3 billion at the end of the 1st quarter of 2020. Additionally, fund levels as of Aug. 14, are $107.3 billion, exceeding the […]

Gold’s Gym opens in 3 locations

Aug. 16. Gold’s Gym Harrisburg, Concord and Lake Norman re-opened for business at 5 am Monday. The state  requires all patrons wear a face covering  inside the establishment, unless actively engaged in physical activity or the customer states that an exemption applies. No temperature checks will be done on customers or staff unless the person […]

COURTESY CANOPY REALTOR® ASSOCIATION

Residential market is hot, much lower inventory than last year

Aug. 14. By Dave Yochum. As we enter the sixth month of the COVID-19 pandemic, the world continues to feel upside down. For one thing, the spring housing market transitioned to the summer, and Realtors say it’s been hot. “June and July closed home sales exceeded the same months in 2019, despite COVID,” said Allen […]

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Monday webinar for NC job retention grants

Aug. 14. Businesses and nonprofits that have been affected by the coronavirus pandemic can receive up to $250,000 from the NC. Dept. of Commerce Job Retention Grant Program. The program, which aims to help employers keep employees on the payroll, has a strict application deadline of Sept. 1. Among the requirements: —Applicants cannot have already […]

U.S. Air Force photo/Robbin Cresswell

Decision-making in a pandemic

Plan. Implement. Modify. Pause. Pivot. Regroup. Re-train. Whew! Aug. 5. Cheryl Kane. With its tumultuous impact on our environments, how do you successfully manage a business in Covid-19 times? With purposeful care and courage. Yes, the unsettling nature of turbulence slamming into our lives in so many ways sometimes makes it easy to get caught […]

aquestabank

Aquesta 2Q net up 19.4%

July 29. Aquesta Bank net income rose 19.4 percent to $1.42 million during the second quarter ended June 30, up from $1.19 million during the same period last year. Jim Engel, CEO of Aquesta, said there was solid loan and deposit growth during the period. “We continue to perform well despite the continuing negative effects […]

Wake Forest Bancshares net falls

July 21. Wake Forest Bancshares, parent company of Wake Forest Federal Savings and Loan Association, announced today that the Company reported earnings of $254,566 or $0.23 per share for its quarter ended June 30, 2020. The Company reported earnings of $410,405 or $0.37 per share for the same quarter a year earlier. Earnings for the […]

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IT job openings inched back in June

If the number of IT job openings are a gauge of the economy, things are looking up in North Carolina. The NC Technology Association says the number of tech job openings statewide climbed from 22,729 in May to 23,715 in June. That’s still down considerably from the pre-pandemic highs of 30,000 to 31,000-plus between January […]

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Small Business Advice: Times change, so must you

By Cheryl Kane. Business professionals need quality information—and creativity—to adapt to changing times. Quality information is necessary to accurately define problems creating a barrier to achieving your goals. Creativity is critical for the innovation needed for strategic planning and executing tactical plans. As times change, plans may need to change. Today disrupted circumstances may startle […]

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