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Biden kicks off his Investing in America tour in Durham
President Joe Biden visited semiconductor manufacturer Wolfspeed in Durham today, kicking off his Investing in America Tour.
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Raleigh-based First Citizens agrees to buy failed SVB
Raleigh-based First Citizens has agreed to buy the failed SVB (Silicon Valley Bank). The FDIC issued a statement late Sunday that they agreed on the sale of all deposits and loans of the troubled bank.
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McHenry plays key role as Congress looks into recent bank failures
U.S. Rep. Patrick McHenry, R-10th District, discusses his role as chairman of the House Financial Services Committee in looking into recent bank failures. The committee meets again March 29.
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NC’s First Citizens in the running to purchase SVB
One of Raleigh’s oldest banks is in the running to purchase the failed Silicon Valley Bank, also known as SVB.
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Philip Morris takes tax dispute with state to NC Supreme Court
Tobacco manufacturer Philip Morris is taking a tax dispute with the N.C. Department of Revenue to the state Supreme Court. The case involves $7.2 million in tax credits Philip Morris claims it’s entitled to take.
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Federal Appeals Court rejects challenge of Chapel Hill’s inclusionary zoning fees
The 4th U.S. Circuit Court of Appeals has upheld a trial court’s ruling favoring Chapel Hill in a dispute over fees charged to developers for affordable housing. Appellate judges agreed the plaintiff waited too long to file suit.
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Locke’s Jon Sanders documents problems, offers alternatives to occupational licensing
Jon Sanders, director of the Center for Food, Power, and Life at the John Locke Foundation, testifies Wednesday about occupational licensing before the N.C. House Regulatory Reform Committee.
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Exposing political and ideological bias in ChatGPT
The Manhattan Institute’s new report, “Danger In The Machine,” documents the left-of-center bias embedded in the popular ChatGPT program. Author David Rozado discusses his findings and their implications.
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Vin(not so)Fast. Vietnamese EV maker VinFast’s plans in NC delayed to 2025
Plans to build electric vehicles at a proposed EV production plant in Chatham County have hit another pothole.
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Wake appeals scrap metal dispute to NC Supreme Court
Wake County hopes the state’s highest court will take up a dispute involving the county’s scrap metal contract. The county wants to see a lawsuit from a losing contract bidder thrown out.
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State Supreme Court to hear cases dealing with speedway shutdown, UNC fees
The N.C. Supreme Court will hear two high-profile COVID-related cases in the months ahead. One deals with the forced shutdown of an Alamance County speedway. The other targets student fees paid at the University of North Carolina’s flagship universities when they were closed for in-person instruction.
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Split Federal Appeals Court blocks NC from stopping PETA’s ‘newsgathering’ actions
A federal Appeals Court has struck down part of a North Carolina law that blocked the animal-rights activist group PETA from conducting undercover “news” operations. The split 2-1 ruling leaves intact other portions of the 2015 Property Protection Act.
