McGowan says there is a lot of uncertainty right now with inflation, rising interest rates, and supply chain issues. It all has to do with the volatility in the market.
Are we heading for a recession? At least one major bank thinks so, but what are local analysts saying? And what should you do if we actually end up in a recession?
Stocks had their biggest jump since June 2020 Wednesday as a sharp drop in oil prices eased fears that inflation was about to get worse around the globe.
Investigators said the incident occurred as the two men were working on a 7,200-volt electric distribution line to restore power after a severe summer storm in Jefferson County.
Tamika Hinton, a Fairfield native and Black female entrepreneur, has been awarded a national cash grant through the Reimagine Main Street project to help boost the trajectory of her firm Out of Office, as it seeks to transform the way businesses access services and distribute resources.
The Retail, Wholesale and Department Store Union (RWDSU) announced members will be filing Unfair Labor Practice charges (ULPs) against Amazon claiming the company has engaged in misconduct during the re-run union election in Bessemer.
The Federal Reserve is expected to raise the federal fund rate in March following a long run of historically low rates. It's an effort to slash the highest inflation rate we've seen in forty years.
Airbus and Lockheed Martin announced a joint bid to build U.S, military refueling tanker plans in the Port City, a project that would be worth hundreds of millions of dollars and create hundreds of jobs locally.
A Pennsylvania company says it plans to reopen a piece of Birmingham’s manufacturing industry by spending $25 million on an old plant that will become a production, service and distribution center.
After careful consideration, Macy’s has decided to close our Brookwood Village location. This closure is part of the company’s strategy announced in early 2020.
Mike Kemp was elected as the BCA’s 36th chairman. Kemp has been a longtime leader with the BCA serving as the organization’s first vice chairman, an executive member, and chairman of ProgressPAC, BCA’s political arm.
The new contract includes cost of living wage adjustments for all employees and provides a graduation rate giving workers the chance to reach the pay rate of a six-plus-year employee.
Morgan Leigh Oldham is a junior on the Auburn Gymnastics team. She has been working on a NFT project for several months and is planning to go live with her landing page and NFT drop December15, 2021. She will be the first female collegiate athlete (that we’re aware of) that will have her own NFT in this new NIL world. Morgan talks about her new project and endeavor.
#BuyBlackBham is a holiday spending campaign and ongoing economic impact platform to encourage consumers to shop local, Black-owned businesses in Birmingham.
As costs go up on almost everything, savings bonds, the underdog of the financial investment market are back on the scene. Inflation bonds or I bonds are offering seven percent interest.
Supply chain issues continue to be a problem heading into the holiday shopping season. Some stores in Vestavia have been dealing with major shipping delays.
In November, Amazon plans to expand delivery services in greater Birmingham. This new station will employ approximately 150 people and create indirect job opportunities for hundreds of people through the empowerment of the Delivery Service Partner program.
The Clay County Board of Education will use funds from the Appalachian Regional Commission to renovate and convert the former Pete Phillips National Guard Armory in Ashland into a technical career development center.
October is National Financial Planning month. It’s a good time to start thinking about retirement and the money you’ll need to have saved up when you stop working and want to retire.
For the past 20 years, Disney parks have let guests skip the line with a FastPass for a specific time, at no extra cost. But taking a cue from regional park operators Six Flags and Cedar Fair, Disney will soon start charging for line skipping.
Alabama’s jobless rate dropped slightly to 3.1 percent last month and average wages increased, signs of what the governor’s office says is the state’s continuing recovery from the coronavirus pandemic.
Governor Kay Ivey joined the leaders of Wellborn Cabinet Inc. on Thursday to formally announce a $15 million expansion project that will ultimately create over 200 jobs at the company’s Ashland facility.
