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Economy

ONLY ON 3: Sen. Burr answers viewer questions about economy, Washington

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videoAfter the lengthy debt ceiling debate, continued unemployment and now the downgrading of America's credit rating, many of you have a lot of questions, as well as growing frustrations, about what's going on in Washington. Sen. Richard Burr (R-NC) stopped by our studio to answer questions about what's going on with the economy and the political system that has a big factor on it. Full story...
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US stocks rise after big fall

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Bargain hunters are pushing stocks up in midday trading, and the Dow briefly was above 11,000. Full story...
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McIntyre: Focus should be local, not on Washington in wake of credit downgrade

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We caught up with Rep. Mike McIntyre today in Brunswick Ccounty and asked him for his thoughts about Standard & Poor's downgrade of America's credit rating. The congressman says southeastern North Carolina cannot focus on the debate in Washington, but rather should focus our attention here locally to boost our own economy. Full story...
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S&P downgrades US credit rating

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The US credit rating has been downgraded from AAA by S&P. This is the first time in the history of credit ratings that the US rating has been downgraded. Full story...
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Stocks mostly lower after a day of wild swings

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Stocks are closing mostly lower after a day of whipsaw trading. The Dow Jones industrial average traded in a huge range of 400 points. Full story...
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Shoppers, stores get ready for tax free weekend

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video The school year is right around the corner, and of course the kiddos need school supplies and new clothes. Get ready parents. North Carolina's tax free weekend starts tomorrow. Full story...
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Dow average plunges 513, worst drop since 2008

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The stock market is finishing its worst day since the financial crisis. Full story...
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Wilmington factory to close, cut 90 jobs

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Terex Cranes will shut down its production facilities in Wilmington. The company says approximately 90 employees will be laid off Full story...
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Obama: Debt deal is only a first step

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The Senate has approved an emergency bill to avert a first-ever government default with just hours to spare. Full story...
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House passes debt ceiling bill

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The House has passed legislation designed to keep the government from defaulting on its debts. The measure also sets a course for reducing the federal deficit in the future. Full story...
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Votes could come this evening in House and Senate

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Leaders of the House and Senate say votes could come as early as this evening on the deficit-cutting plan that's expected to avert a government default on its debts. Full story...
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Unemployment surges across Cape Fear

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As leaders in Raleigh finish up their legislative session and the folks in Washington wrangle about the debt ceiling, jobs seem to be disappearing in southeastern North Carolina. The newest numbers just released by the Employment Security Commission show the unemployment rate jumped in each of the five counties in our area from May to June. Full story...
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Perdue talks issues at grand opening of Wilmington nursing home

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video A $13,000,000 nursing home had its grand opening Sunday in Monkey Junction. Hundreds came out to celebrate the occasion and tour the facility, including Gov. Bev Perdue. Full story...
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NC unemployment up in June

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North Carolina's unemployment rate was 9.9 percent in June. That's up 0.2 points from May. Full story...
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Study: Even routine weather can be costly

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The day-to-day weather may be the source of lots of small talk, but that comes at a big price. Full story...
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