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September 22, 2017

WASHINGTON — A healthy gain in the stock market and steadily increasing home prices boosted Americans’ household wealth this spring, a trend that likely adds to the nation’s inequality.

The Federal Reserve said Thursday Americans’ net worth rose 1.8 percent to $96.2 trillion…

Net Worth

September 21, 2017

WASHINGTON — The Federal Reserve will begin shrinking the enormous portfolio of bonds that it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time.

The Fed…

Federal Reserve Yellen

September 20, 2017

NEW YORK — In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online leader Amazon increasingly exerts its influence over a huge part of the retailing world.

The toy chain, hobbled by $5 billion in debt and more intense…

Toys R Us-1

September 20, 2017

NASHVILLE — A longtime local grocery store will shut down at the end of the month.

JustSave Foods at 731 E. Washington St. in Nashville is scheduled to close by Sept. 30. Kimberly George, vice president of communication and corporate citizenship of Alex Lee Inc., JustSave’s parent…

092017JustSave

September 19, 2017

Several national retailers are looking to come to Rocky Mount within the next few years.

Alan Matthews, director of economic development for the Rocky Mount Area Chamber of Commerce in partnership with the city of Rocky Mount, said Jimmy John’s, Panera Bread, Starbucks, DQ Grill and Chill,…

DicksSportingGoods.jpg

September 19, 2017

U.S. homebuilders are feeling less optimistic about their sales prospects, reflecting concerns that rebuilding efforts following hurricanes Harvey and Irma will drive up costs for construction labor and materials.

Even so, builders’ overall view of the new-home market remains positive.

The…

Builder Sentiment

September 18, 2017

A 24-hour laundromat opened a few months ago in Rocky Mount.

Benvenue Express Laundromat is located at  1550 Benvenue Road across from Walmart and next to Walgreens. The laundromat is a partnership between brothers Faiz and Muhammad Chaudhry, along with their brother-in-law Muhammad Omer.…

091817Laundromat1

September 18, 2017

Nash UNC Health Care has hired Rocky Mount native Dorsey Tobias as director of marketing and communications to replace long-time director Jeff Hedgepeth, who recently announced his retirement.

Tobias most recently managed national public relations for PNC Bank’s asset management group.

Tobias…

PNC BANK

September 18, 2017

In today’s digital age, it’s more important than ever to pay attention to your online reputation.

Just like your home or office, your online presence needs a spring cleaning to get rid of old unwanted items, brush the dust off what’s valuable, and make sure there are no surprises…

Taylor_Christy_Skojec.jpg

September 16, 2017

NEW YORK — Texas and Florida are usually the biggest markets for ReelSonar’s fishing devices and apps. But recreation isn’t a priority right now — and may not be for a while — in the states amid the devastation left by Hurricanes Harvey and Irma.

Though ReelSonar is…

SmallBiz-Small Talk-Storms Far-Off Impact
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