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December 5, 2025

Interior view of the Spectrum Center showing fans and upgraded seating after renovation.
Business News

Charlotte’s Spectrum Center Sees Attendance Surge After Renovation

Charlotte, NC, December 5, 2025 Following a $245 million renovation, Charlotte’s Spectrum Center has witnessed a substantial uptick in attendance and revenue. In just one month post-reopening, the venue hosted 20 events, attracting approximately 325,000 guests. Enhancements such as additional seating and diverse food options have greatly improved the fan experience, leading to an 11% increase in average attendance at Hornets games and four sellouts in the early season. The renovation

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December 5, 2025 No Comments
Graphic representation of financial technology concepts related to SoFi Technologies public offering
Business News

SoFi Technologies Announces Major $1.5 Billion Public Offering

San Francisco, CA, December 5, 2025 SoFi Technologies has unveiled a public offering of 54,545,454 shares at $27.50 per share, totaling approximately $1.5 billion. This strategic move aims to enhance the company’s capital position and support growth opportunities. The expected closing date is December 8, 2025, underlining SoFi’s confidence in the evolving fintech landscape. As the company utilizes these funds for expansion, it reflects the positive trajectory within the financial technology

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December 5, 2025 No Comments
Courtroom scene from the NASCAR antitrust trial
Beauty

NASCAR Antitrust Trial Examines Revenue-Sharing Dispute

Charlotte, N.C., December 5, 2025 The NASCAR antitrust trial has revealed significant tensions between NASCAR leadership and competing teams over a proposed revenue-sharing model. NASCAR President Steve O’Donnell’s testimony highlighted the France family’s resistance to changes that could help financially troubled teams. This lawsuit involves key players like Front Row Motorsports and 23XI Racing, focusing on a charter system that guarantees team participation in races but raises questions about financial sustainability.

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December 5, 2025 No Comments
Automated grocery fulfillment center featuring advanced robotics and logistics technology.
Business News

Ocado Secures $350 Million from Kroger Amid Facility Closures

Charlotte, North Carolina, December 5, 2025 Ocado Group plc is set to receive a $350 million payment from Kroger Co. as compensation for the closure of fulfillment centers in Maryland, Wisconsin, and Florida, as well as the cancellation of a facility in North Carolina. This strategic shift aims to enhance efficiency across operational centers while Ocado remains optimistic about future growth despite a projected reduction of $50 million in revenue for

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December 5, 2025 No Comments
Leadership transition at Nucor Corporation in Charlotte
Business News

Nucor Announces Leadership Transition in Charlotte

Charlotte, North Carolina, December 5, 2025 Nucor Corporation has promoted Stephen D. Laxton to President and COO, set to begin on January 1, 2026, coinciding with David A. Sumoski’s retirement. Laxton’s ascent represents a pivotal change for the company, fostering hope for innovation and economic growth in Charlotte’s business community. As Nucor prepares for this transition, local entrepreneurs look forward to the potential for renewed investment and opportunities in the region’s

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December 5, 2025 No Comments
Restaurants in Charlotte with recent health inspection grades
Business News

Charlotte Restaurants Receive ‘B’ Grades in Health Inspections

Charlotte, NC, December 5, 2025 Several restaurants in Charlotte recently scored ‘B’ grades during health inspections, highlighting issues such as improper hand washing, food storage violations, and insect presence. While these grades indicate a generally safe dining experience, improvement is necessary for optimal food safety. Diners are urged to be mindful of these issues when selecting restaurants and to check recent inspection scores for informed decisions. Charlotte Restaurants Receive ‘B’ Grades

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December 5, 2025 No Comments
Community members participating in the Stuff The Truck event at SouthPark Mall
Charity

Charlotte’s ‘Stuff The Truck’ Event Unites Community for Christmas

Charlotte, December 5, 2025 The annual ‘Stuff The Truck’ event at SouthPark Mall gathered community support to provide Christmas assistance for local families in need. Donations included toys, bikes, electronics, and clothing, fostering a spirit of generosity and camaraderie. The initiative, organized by WCCB Charlotte and The Salvation Army, showcases the impact of community engagement and the importance of helping those facing challenging circumstances during the holiday season. Opportunities remain for

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December 5, 2025 No Comments
Crowd cheering at various sporting events in Charlotte
Community

Charlotte Hosts Thrilling Sporting Events This Week

Charlotte, NC, December 5, 2025 From tennis exhibitions to basketball games, Charlotte is buzzing with various sporting events this week. Tennis fans can catch the Charlotte Invitational at the Spectrum Center, while college football lovers will enjoy the ACC Championship at Bank of America Stadium. The city’s professional teams, including the Charlotte Checkers and Hornets, are also in action, showcasing top-tier talent in both ice hockey and basketball. Fans have a

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December 5, 2025 No Comments
Families interacting with adoptable pets at the Charlotte NC adoption event
Charity

Charlotte NC Hosts ‘Season of Second Chances’ Adoption Event

Charlotte NC, December 5, 2025 The ‘Season of Second Chances Adoption Event’ in Charlotte NC invites families to adopt pets in need. Happening on December 6, the event provides a platform for community involvement while connecting loving homes with shelter animals. Adoption fees are waived with a donation, making it easier for families to find a furry companion. The event features pet interactions, pictures with Santa, and warm refreshments, highlighting the

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December 5, 2025 No Comments

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