Economy
The latest news, videos, and photos about Economy from WRAL.
Latest stories
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Fact-check: Can Trump give Americans $5,000 if Republicans win midterms?
“I will issue a dividend to every adult citizen in the United States of America for $5,000,” President Donald Trump said, adding: “If the Republicans win. You win with us and you get $5,000. It will be called the ‘Trump dividend.’”
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What new U.S.-Canada tariffs could mean for North Carolina
Canada is imposing retaliatory tariffs on the United States after President Trump announced 50% tariffs on $20 billion worth of Canadian goods. North Carolina businesses and consumers' wallets could soon feel the impacts.
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Mike Walden: Should young workers be angry about the economy?
Perhaps ironically, a recent study showed Gen Z is saving more as a percentage of their paychecks than any other generation.
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Chipmaker’s RTP-area expansion promises 250 jobs — and a boost to national security
Forge Nano’s planned Morrisville battery factory expansion is backed by $100 million in federal funding. It’s part of a broader effort to make critical defense supplies in the U.S.
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Can NC Democrats gain legislative power in November elections? Races to watch.
Democrats have their best chance in years to take control of at least one state legislative chamber. Even if they don’t, they’re hoping to make Gov. Josh Stein’s veto stronger.
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Back to school shopping is costing you more than ever
Back-to-School shopping for K-12 is expected to reach $43.3 billion this year. That would be a record, according to the National Retail Federation.
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Falling gas prices help ease inflation in June, data centers driving up tech costs
Economists predict today's report will likely show a small decrease in inflation after last month's ceasefire with Iran.
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In NC economic rankings, strong sectors overshadow affordability issues, for now
Finance network CNBC ranked the Tar Heel State the second-best state to do business in the latest edition of its annual rankings. It's the seventh year in a row the state has ranked among the top three.
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Apex bookstore facing 64% rent hike to close, other shops face uncertain future
A perfect storm of challenges in downtown Apex has business owners considering closing. Their landlords are raising rent, passing on an increase in new city taxes and rising insurance rates. An ongoing downtown construction project causing sales losses is expected to extend through next year.
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Canes celebrations in Raleigh bring in millions for economy
The recent Carolina Hurricanes Stanley Cup Championship parade in downtown Raleigh attracted an enormous crowd, with estimates suggesting over 190,000 attendees. According to data from Visit Raleigh, the economic impact from just the home games and sold-out watch parties at Lenovo Center reached an impressive $13.4 million.
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Stanley Cup Final brings $13.4 million boost to Raleigh, over 112,000 people packed Lenovo Center
Visitors from all 50 states and two countries flocked to the Triangle for the Stanley Cup Final, delivering a giant economic boost to Raleigh.
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Durham ranks No. 2 and Raleigh No. 8 in new 'Geography of Prosperity': What exactly is it?
Three cities in North Carolina ranked in the top 25 of an upstart "prosperity" indicator ranking, which reflects cities that are set up to succeed in the future. WRAL spoke to its co-creator about the findings.
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High beef prices reach ranchers, restaurants endure amid bleak economic forecast
A 75-year low in the cattle supply has created higher demand and higher prices, which economists expect will last through next summer. The increased cost has finally reached the ranchers, whereas a restaurant owner has been grappling with absorbing the additional costs for nearly 18 months.
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US households, businesses stung by higher energy prices that have pushed inflation above 4%
Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. New data showed Wednesday that consumer prices rose 4.2% in May from a year earlier, th...
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Triangle festival organizers face rising costs driven by inflation and demand
Since the COVID-19 pandemic, costs of events and festivals have increased significantly, driven by inflation and higher demand. It’s a trend organizers of Got to Be NC, Bimbé Cultural Arts Festival, and Artsplosure say they are all dealing with.
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Raleigh's hotel renaissance: WRAL analysis finds downtown Raleigh's hotel landscape is transforming
A WRAL analysis found that between 1969 and 2019, downtown Raleigh had six hotels. Since then, five more have popped up in downtown, nearly doubling the number of hotels in just six years.
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Fact-check: Trump says U.S. consumer confidence is 'way up'
"Consumer confidence is way up," President Donald Trump said May 4 during a small business summit at the White House.
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Fact-check: Trump says U.S. consumer confidence is ‘way up'
"Consumer confidence is way up," President Donald Trump said May 4 during a small business summit at the White House.
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US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April
America’s employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring was better than the 65,000 that economists had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained at a low 4.3%. The war h...
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Tom Snyder: Governments must control AI from data to hardware to control their economic future
Countries that establish control over AI data and infrastructure will be able to capture a disproportionate share of value, while those that remain dependent may find themselves increasingly constrained in how they participate in the global economy.
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Economist fears fuel prices to remain elevated for years
North Carolina State University economist Rob Handfield warns that gas prices could remain high through 2026 and beyond due to damaged oil infrastructure and ongoing global conflict.
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Federal Reserve met and kept its key interest rate unchanged: What it means for your money
The Federal Reserve met Wednesday, and kept its key interest rate at the same level. What does that mean for your wallet?
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Fact-check: Trump says more Americans are working than at 'any time' in U.S. history
In multiple speeches this year, President Donald Trump has claimed that U.S. employment is at a record high. However, population growth drives this metric, so economists do not consider it a meaningful statistic.
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Navy lease expected to bring more than 400 jobs to NC
The 10-year lease at Global TransPark in Kinston comes three years after lawmakers approved a $350 million for upgrades to the industrial park.
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Where to find the least and most expensive gas in North Carolina
While North Carolina has a uniform gas tax, prices at the pump vary city by city.
