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Category: Business News

Stay informed about the business scene in Charlotte, NC. Our coverage includes updates on the local economy, industry trends, and major business developments. Discover new startups, market shifts, and economic policies that impact local businesses and the community.

Financial growth graph.
Business News

Paymentus: Q4 Earnings Snapshot

Paymentus: Q4 Earnings Snapshot CHARLOTTE, N.C. (AP) — Paymentus Holdings Inc. (PAY) on Monday reported profit of $9.4 million in its fourth quarter. The Charlotte, North Carolina-based company said it had profit of 7 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 11 cents per share. The electronic bill payment services posted revenue of $164.8 million in the period. For the year, the company reported

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March 6, 2024 No Comments
Transit company improvement concept
Business News

Charlotte News: New transit company takes over CATS bus management

Charlotte News: New transit company takes over CATS bus management Introduction: After years of complaints about mismanagement, concerns about driver safety, and employee retention, a new company has taken over managing buses for the Charlotte Area Transit System (CATS). This past November, the Charlotte City Council approved a three-year contract with National Express Transit to manage the city’s bus system. National Express will talk about the work already underway to

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March 5, 2024 No Comments
Corporate layoffs aftermath office
Business News

Machinery Company in Charlotte to Lay Off 33 Employees

Machinery Company in Charlotte to Lay Off 33 Employees Charlotte — Thirty-three workers will be out of a job because Daifuku Services America filed a notice with the state that the company is closing its facility on Old Dowd Road. The automated machinery company says Amazon canceled its contract, leading to the layoffs. Impacted Employees The 33 employees affected by the layoffs are set to lose their jobs as a

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March 1, 2024 No Comments
UPS facility in Rock Hill
Business News

Rock Hill Welcomes UPS with New Facility

Rock Hill Welcomes UPS with New Facility Shipping Giant UPS to open Rock Hill facility By HERE News ROCK HILL, S.C. — Shipping giant UPS Inc. has leased most of a recently completed industrial building in Rock Hill. UPS confirmed to the Charlotte Business Journal this week that it signed on for approximately 175,000 square feet at 1533 Galleria Blvd. UPS Leases 175,000 Square Feet The 231,000-square-foot industrial building was

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February 26, 2024 No Comments
Black-owned businesses collaboration.
Business News

Charlotte Center City Partners Promoting Black-Owned Businesses in Uptown

Charlotte Center City Partners Promoting Black-Owned Businesses in Uptown Charlotte is home to many Black-owned businesses, with several located right in the heart of Uptown. And while it’s always a good time to support Black businesses, Black History Month is a time to celebrate them with even more intention. From clothing stores to cafes, here are a few Black-owned businesses to support this month in Uptown: My Story Cafe My

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February 21, 2024 No Comments
"Dealworthy" logo on shopping bags
Business News

Target Set to Launch New Budget-Friendly Brand, Dealworthy, Across the Nation

Target To Unleash New Value Brand Nationally: Dealworthy CHARLOTTE, N.C. – A New Shopping Experience Retail giant, Target, is aiming to appeal to the budget-conscientious consumer with the launch of their new value brand, Dealworthy, set to hit the shelves of Target stores across the country and accessible online this February. The brand is marketed as a shopping experience tailored to bring ultimate value, offering an unprecedented collection of items

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February 19, 2024 No Comments
"Charlotte city planning map"
Business News

Charlotte’s ‘$13.5 Billion Roads-First Mobility Plan’ Prioritizes Road Development Over Costly Transit Projects

A closer look at the Charlotte ‘roads-first’ mobility plan The city of Charlotte has recently been using the phrase “roads first” to describe its $13.5 billion transportation plan. Hoping to gain support from state Republican lawmakers, the city is downplaying costly transit projects such as the $8 billion Silver Line light rail and emphasizing new road capacity and improved interchanges. Despite, the city leaders still wish to construct the rail

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February 18, 2024 No Comments
"Hornets team strategizing on court"
Business News

Charlotte Hornets Embrace Future Returns Strategy Following NBA Trade Deadline

Charlotte Hornets Rallies for Future Returns Post NBA Trade Deadline The end of another nail-biting NBA trade season has most teams walking away with an air of triumph. Teams such as the Oklahoma City Thunder, Dallas Mavericks, Miami Heat, and Philadephia 76ers are reveling in their acquired talent of Gordon Hayward, PJ Washington, Terry Rozier, and home-grown Kyle Lowry respectively. However, the team on the flip side of these trades

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February 14, 2024 No Comments

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