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Economy

Fed cuts discount rate

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The Federal Reserve is taking dramatic action to restore calm in global financial markets amid the turmoil triggered by a widening credit crisis. Full story...
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IRS extends hybrid incentives

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New from the IRS: the government is extending a tax incentive to purchase certain Ford hybrid vehicles. Full story...
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South-eastern housing market performing better than nation-wide

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videoNation-wide, housing sales are the worst they've been in four and a half years. But the real estate market isn't suffering as much here in the southeast as it is in other parts of the country. That's according to Karen Davis, a mortgage loan officer at Sun Trust mortgage. Full story...
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New numbers show hurting housing market

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New numbers out Wednesday show that the housing market is still hurting. Sales of pre-owned homes fell to their lowest level almost five years during June. When it comes to buying a home you've got to get a loan. Normally people are worried about borrowers with poor credit not being able to pay for a home. Full story...
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Study says police, teachers can't afford to live in Brunswick County

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A University of North Carolina study says the rising cost of housing in some coastal areas means teachers, police officers and other so-called "essential workers" can't afford to live where they work. Full story...
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Edwards wants higher minimum wage

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Democratic presidential candidate John Edwards says the 70 cents per hour increase in the minimum wage is not enough. Full story...
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Minimum wage increase affects few in N.C.

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Beginning Tuesday most workers at the lower end of the scale are going to see higher paychecks. The first stage of the federal minimum wage price hikes take effect Tuesday. For the first time in ten years the nation's lowest-paid employees are getting a raise. Full story...
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Minimum wage to increase

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If you make minimum wage, you'll soon see more money in your paycheck. The first of three 70-cent increases in the federal minimum wage is takes effect Tuesday. The rate will go from $5.15 an hour to $5.85 an hour. Full story...
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Corporate earnings show country's economic health

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There is always a lot of speculation about the health of the economy. Every three months, we get an update on how things are going. Corporate earnings provide a window into the good and the bad of our country's economic health. Full story...
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Small businesses important for US economy

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When it comes to doing business bigger isn't always better. Small businesses are a huge component of the US economy. But new figures show they're not immune from recent trends. Full story...
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US economy doing well

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The Bush administration got some unaccustomed good news Friday. The US economy appears to be humming along nicely. Statistics from the Labor Department today reveal a net growth in jobs and stable unemployment rates. Full story...
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Study: don't count on pay raise next year

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If a new study proves to be correct don't count on getting a bump in pay next year. As you're planning that summer vacation, you may be counting on a future pay raise to cover some of the costs. But experts are warning: don't get your hopes up. Full story...
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Economists: Climate change will cost N.C. billions

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Ben Poulter of the Department of Global Change and Natural Systems at the Potsdam Institute in Germany says coastal North Carolina has been identified as one of the United States' most vulnerable regions to climate change. Full story...
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