Weather Data Source: sharpweather.com

Category: Finance

Stay informed with the latest updates and insights in the Charlotte NC finance sector. This category page delivers comprehensive news coverage on various financial topics, including local market trends, investment opportunities, and economic developments that directly impact Charlotte residents and businesses. Discover expert analyses on housing markets, stocks, and economic forecasts that are pertinent to Charlotte NC, ensuring you have the information needed to make informed financial decisions. Whether you are a resident, investor, or business owner, our finance news section offers a wealth of resources tailored to the dynamic economic landscape of Charlotte.

Explore in-depth articles on banking, lending, and personal finance management specific to the Charlotte NC area. Our dedicated team of financial journalists keeps you updated on local financial institutions, industry regulations, and helpful tips to improve your financial literacy. Stay ahead of the curve with coverage on community events, financial workshops, and networking opportunities that connect you with financial experts and resources. Whether you are interested in startup financing or retirement planning, our Charlotte NC finance news category encompasses the essential information you need to thrive financially in one of the Southeast’s most vibrant cities.

Picture of Sunseeker Resort with beach and palm trees
Business News

Allegiant Travel Co. Sells Majority Stake in Sunseeker Resort

News Summary Allegiant Travel Co. is set to sell a majority stake in Sunseeker Resort in Charlotte Harbor, a move aimed at addressing financial struggles since its launch in December 2023. Despite initial setbacks from the COVID pandemic and hurricanes, the resort is engaged in community events and seeks new investors to enhance its performance and overall value. With occupancy rates only reaching 54% in its first year, Allegiant hopes

Read More »
Eastway Square Shopping Center in Charlotte, NC
Business News

Westwood Financial Acquires Eastway Square in Charlotte

News Summary Westwood Financial has acquired the Eastway Square Shopping Center in Charlotte, boosting its retail presence in the booming Sunbelt region. The shopping center, located at the intersection of Eastway Drive and Central Avenue, spans over 130,156 square feet and features anchor tenant Food Lion, along with various popular retailers. With a growing local population and an average household income exceeding $112,000, Eastway Square is set to serve the

Read More »
200 North College building in Uptown Charlotte
Business News

200 North College Building in Uptown Charlotte Sold for $32.7 Million

News Summary The sale of the 200 North College building in Uptown Charlotte for $32.7 million marks a significant change in the property’s fortunes, following a steep decline from a previous valuation of $133 million. Once home to a business school, the building has struggled with high vacancy rates since Bank of America relocated, leading to the owner’s default on a commercial loan. New owners have plans for redevelopment that

Read More »
Charlotte entrepreneurs discussing business strategies with social media marketing tools.
Business News

Potential TikTok Ban Raises Economic Concerns for Charlotte Businesses

News Summary As discussions of a TikTok ban intensify, businesses and influencers in Charlotte fear the economic repercussions. Local entrepreneurs credit the platform for skyrocketing sales and visibility. Legislators are calling for investigations into TikTok’s role in small business marketing. The potential loss could reach $1.3 billion in the first month alone, leading many to rethink their marketing strategies. With uncertainties growing, the future of Charlotte’s small business scene hangs

Read More »
Visual representation of financial empowerment tools including cash, piggy bank and financial books.
Business News

Charlotte Money Coach Bernadette Joy Releases New Book

News Summary Bernadette Joy, a financial coach in Charlotte, has published her first book titled ‘CRUSH Your Money Goals: 25 Smart Money Habits to Save, Invest, and Fast-Track Your Financial Freedom’. Released on December 10, this guide offers practical strategies for residents to gain control of their finances and work towards financial independence. Bernadette, who eliminated $300,000 in debt and achieved a $1 million net worth by her 30s, aims

Read More »
A lively street view of Charlotte with various small businesses
Business News

Charlotte’s Small Business Lifeline for Underserved Entrepreneurs

News Summary Charlotte is fostering connections among small businesses to support underserved entrepreneurs amidst economic challenges. Recent initiatives, including significant grants, aim to uplift these businesses, promote community collaboration, and offer financial support. Programs like the Charlotte Small Business Growth Fund and Wells Fargo’s Beyond Open initiative play crucial roles in assisting minority and women-owned enterprises, ensuring resilience and growth in the local economy. Charlotte’s Small Business Lifeline: Supporting Underserved

Read More »
Charlotte street with local businesses and TikTok logo fading
Business News

Charlotte Businesses Concerned About Upcoming TikTok Ban

News Summary As the January 19th deadline approaches, local businesses in Charlotte express concern over a potential TikTok ban tied to national security issues. Many in the business community, including small shop owners and employees, rely heavily on TikTok for customer engagement and advertising. With TikTok’s current legal battle to prevent the ban, the future remains uncertain. Influencers, likewise, worry that losing access to this platform could greatly impact their

Read More »
Entrepreneurs collaborating in an urban space in Charlotte
Business News

Charlotte’s New Mission: Supporting Small Businesses

News Summary Charlotte has launched the ‘Corridors of Opportunity’ initiative to support small businesses in underserved areas. With nearly $100 million in city investments and a unique collaboration with private sources, the program aims to uplift economically challenged communities. A highlight is the opportunity hub initiative, providing workspaces and workshops for entrepreneurs. The Charlotte Small Business Growth Fund will also aid over 2,000 small businesses, focusing on minority and women-owned

Read More »
Overview of the Charlotte housing market with homes in an urban setting.
Business News

Charlotte Faces Housing Market Challenges Ahead of 2024

News Summary As Charlotte approaches 2024, its housing market encounters various challenges, including privacy concerns and fluctuating home prices. Sellers are increasingly cautious about revealing personal belongings in listings due to privacy breaches. Despite a dip in home inventory leading to a seller’s market, the upcoming $6 billion River District project brings hope for future development. Experts remain cautiously optimistic, anticipating a potential improvement in inventory and buyer conditions with

Read More »
A family decorating their home with festive lights, celebrating savings on their electricity bills due to rate reductions.
Business News

Duke Energy Carolinas Announces Electric Rate Reduction

News Summary Duke Energy Carolinas has announced a 6.2% reduction in electric rates effective January 1, benefiting customers in Charlotte and surrounding areas. This change, driven by decreasing fuel prices, will result in an average monthly savings of approximately $8.96 for residential customers using 1,000 kWh. Commercial customers will see an average decrease of 11.5%, while industrial customers will benefit from a smaller reduction. With around 2.2 million households and

Read More »