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Business

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News

Financial advisor says Inflation Reduction Act won’t severely impact inflation

Updated: 3 hours ago
|
By Lauren Harksen
The Associated Press says economic analyses of the proposal suggests the bill itself won’t bring down inflation, at least in the time being. They add the legislation won’t directly address some of the main price drivers like gas, food, and rent.

East Alabama

Wellborn Cabinet Inc. plans expansion creating 415 jobs in East Ala.

Updated: Aug. 9, 2022 at 6:20 PM CDT
|
By WBRC Staff
Wellborn Cabinet’s plan is to construct and equip a 250,000-square-foot facility in Oxford to begin production of a new kitchen and bath cabinetry product, according to the Alabama Department of Commerce.

Local Business

‘We love you Birmingham and always will!’: Dreamcakes is closing

Updated: Aug. 9, 2022 at 4:55 PM CDT
|
By WBRC Staff
According to the bakery’s Facebook page, the owners were unable to reach an agreement with their landlord to renew the upcoming lease in Homewood.

News

Why the latest Equifax glitch shows the importance of watching your credit score

Updated: Aug. 2, 2022 at 10:29 PM CDT
|
By Tristan Ruppert
New tonight, a warning that you may be paying more than you should be if you borrowed money for a purchase anytime this spring. The Wall Street Journal reported that credit agency Equifax gave inaccurate credit scores on millions of consumers seeking loans.

News

Market Wagon helps local farmers and other food producers deliver locally sourced food to your doorstep

Updated: Aug. 2, 2022 at 6:46 PM CDT
|
By Chasity Maxie
The demand for locally sourced food is up in Alabama. And local food producers are turning to the online market to deliver the farm right to your front door.

News

Trussville sculpture business sees sales surge after famous shoutout

Updated: Jul. 27, 2022 at 7:36 AM CDT
|
By Tristan Ruppert
Cahaba Cuts is a local business and passion project for Nick Garrett. However, it is one of his more recent creations that has turned heads from all across the country.

News

Becoming a CEO in 12 months

Updated: Jul. 24, 2022 at 11:20 AM CDT
|
By Russell Jones
The Birmingham Public Library, and business owner and lawyer, Neena Speer, are hosting a monthly seminar, “12 Months to Become Your Own CEO.”

News

WBRC FOX6 News and ADOL to host job fair in Birmingham

Updated: Jul. 21, 2022 at 3:38 PM CDT
|
By Jenna Wood
The Alabama Career Center System, in partnership with WBRC FOX6 News, will host a job fair on Friday, July 22, 2022.

News

New home-building business opens in Chelsea

Updated: Jul. 19, 2022 at 6:55 PM CDT
|
By Aajene Robinson
Equity Homebuilders is officially up and running.

News

Local leaders believe The World Games is just the start for the Magic city

Updated: Jul. 18, 2022 at 6:58 PM CDT
|
By Tristan Ruppert
The World Games is now over but some say this is just the beginning of Birmingham’s next chapter.
Satellite and Radar
Satellite and Radar

News

World Games officials say crowd size is a good indicator of potential economic impact from the games

Updated: Jul. 12, 2022 at 10:29 PM CDT
|
By Lauren Jackson
Before the games started, officials were predicting around a $256 million economic impact in Alabama. City of Birmingham officials said it’s too early to tell exactly how numbers are tracking right now, but that crowd sizes they are seeing make them hopeful.

News

Restaurant owners stress they remain open and largely unimpacted by road closures

Updated: Jul. 11, 2022 at 7:15 PM CDT
|
By Tristan Ruppert
Several business owners say the public’s perception of the World Games road closures is hurting their bottom lines. Now some of those owners are speaking up and stressing they are not only open for business, but they are easy to get to.

News

Magic City Match Grant Program boosting Black-owned business bottom line

Updated: Jun. 27, 2022 at 8:15 PM CDT
|
By Tristan Ruppert
The recipients of the inaugural Magic City Match program have been announced. The pilot program was designed specifically to help Black owned businesses.

News

Are we headed for a recession?

Updated: Jun. 14, 2022 at 7:58 PM CDT
|
By Tristan Ruppert
Where is our economy going? Businesses are finally hiring again but inflation looks like it could remain an issue for several months.

News

Uptown businesses hope to “Call Baton Rouge” more often

Updated: Jun. 6, 2022 at 7:51 PM CDT
|
By Tristan Ruppert
On the heels of Garth Brooks big show, we are checking in with businesses and their employees to see how they fared over the weekend.

News

Employees at Birmingham Starbucks vote to unionize

Updated: Jun. 1, 2022 at 5:43 AM CDT
|
By Josh Gauntt
Around the country, Starbucks coffee shop employees have been choosing to unionize. Workers at More than 80 stores have made that decision. That now includes one in downtown Birmingham.

Money Matters

Local financial expert advises waiting out stock market drop

Updated: May. 18, 2022 at 10:28 PM CDT
|
By Lauren Harksen
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.

News

Are we heading for a recession?

Updated: Apr. 29, 2022 at 7:47 PM CDT
|
By Chasity Maxie
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?

News

Buying local could save you money during record high inflation

Updated: Apr. 13, 2022 at 6:02 AM CDT
|
By Josh Gauntt
Due to rising inflation, you may want to visit your local farmer’s market to save money.

Local Business

FedEx Corp. founder Fred Smith will step down as CEO in June

Updated: Mar. 28, 2022 at 6:19 PM CDT
|
By The Associated Press
Company founder Fred Smith is stepping down as CEO of FedEx in June.

State

Alabama unemployment rate holds steady at 3.1%

Updated: Mar. 14, 2022 at 9:50 PM CDT
|
By Associated Press
Alabama’s jobless rate remained unchanged at 3.1% for the fourth straight month in January 2022.

National

Stocks jump most since June 2020 as oil prices fall sharply

Updated: Mar. 9, 2022 at 3:55 PM CST
|
By The Associated Press
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.

Local Business

Study shows more families are living paycheck to paycheck

Updated: Mar. 9, 2022 at 11:27 AM CST
|
By Brittany Dionne
With inflation gripping the country and gas prices climbing to historic levels, wages can’t keep up, and more people are struggling financially.

Central Alabama

Pike Electric cited following deadly electrocutions of two 19-year-old apprentices in Adger

Updated: Mar. 8, 2022 at 2:36 PM CST
|
By WBRC Staff
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.

News

Birmingham business woman awarded nationwide grant for Black Women Entrepreneurs

Updated: Mar. 7, 2022 at 10:13 AM CST
|
By Challis Wells
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.

News

A first look inside old Oporto Armory and plans for redevelopment

Updated: Mar. 3, 2022 at 9:34 AM CST
|
By Brittany Dionne
The owner says he plans to turn the property into an incubator for small construction-based companies that need a place to get started.

Community

Recycled Fashion: Local businesswoman opens new sustainable clothing store

Updated: Mar. 2, 2022 at 5:18 PM CST
|
By Shilo Groover
Local business woman opens new store to help save you money and save the planet

Local Business

Bridging Birmingham special to air on WBRC FOX6 News

Updated: Feb. 24, 2022 at 11:21 AM CST
|
By Jenna Wood
The show highlights some of Birmingham’s minority business owners who are doing amazing work throughout our community.

News

Birmingham scientist being recognized in D.C. as part of Women’s History Month in March

Updated: Feb. 23, 2022 at 4:53 PM CST
|
By Lynden Blake
A Birmingham native is being celebrated on the national stage for her work in STEM.

Central Alabama

RWDSU filing Unfair Labor Practice charges against Amazon during re-run election

Updated: Feb. 22, 2022 at 4:15 PM CST
|
By WBRC Staff
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.

Local Business

Lake Homes Realty bringing hundreds of jobs to Hoover

Updated: Feb. 21, 2022 at 6:29 PM CST
|
By WBRC Staff
Lake Homes Realty new corporate headquarters will be on Highway 280 in Meadowbrook.

Education

Alabama Community College System opens Innovation Center, starts enrollment for rapid workforce training

Updated: Feb. 14, 2022 at 11:36 AM CST
|
By WBRC Staff
The Innovation Center is a $10 million investment aimed at rapidly training workers for the state’s highest-demand industries.

Consumer

Shrinkflation: More products shrinking in size

Updated: Feb. 10, 2022 at 12:39 PM CST
|
By John Matarese/Don't Waste Your Money
Juice drinks are just one of many products in the store that have gotten smaller in recent months.

Consumer

Why you could pay more to renew your car tag this year

Updated: Feb. 2, 2022 at 1:53 PM CST
|
By Brittany Dionne
Some people said they paid as much as 20% more to renew their car tag in 2022.

On Your Side Investigations

5 money moves to make before Fed rate hike

Updated: Feb. 1, 2022 at 12:49 PM CST
|
By Jennifer Horton
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.

Local Business

Golden Rule BBQ closing Helena and Pelham locations

Updated: Feb. 1, 2022 at 9:13 AM CST
|
By WBRC Staff
Owner Paul Curcio sites the ongoing impacts of COVID over the last two years as the reason they’re forced to close the business.

State

Airbus, Lockheed Martin announce joint bid to build tanker planes in Mobile

Updated: Jan. 31, 2022 at 11:55 AM CST
|
By Brendan Kirby
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.

Community

New Vestavia Hills restaurant celebrates grand opening by giving back

Updated: Jan. 26, 2022 at 4:52 PM CST
|
By Shilo Groover
Chopt celebrated the grand opening of the new location on Montgomery Highway.

Central Alabama

Pennsylvania company restarting work at Birmingham-area site

Updated: Jan. 17, 2022 at 7:59 AM CST
|
By Associated Press and WBRC Staff
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.

Local Business

Fast Food: Taco Bell has chicken wings for one week

Updated: Jan. 6, 2022 at 3:56 PM CST
|
By WBRC Staff
Fans can grab the Crispy Chicken Wings on-the-go box for $5.99.

Local Business

Macy’s closing at Brookwood Village

Updated: Jan. 5, 2022 at 11:01 PM CST
|
By WBRC Staff
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.

State

Birmingham CEO elected as first African American chairman of Business Council of Alabama

Updated: Jan. 5, 2022 at 6:16 PM CST
|
By WBRC Staff
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.

Local Business

Real & Rosemary to open its third location in Mountain Brook

Updated: Jan. 4, 2022 at 5:48 PM CST
|
By Catherine Patterson
Real & Rosemary announced it will open a third location in Crestline Village in Mountain Brook this spring.

Local Business

Homewood’s New York Pizza closing after 40 years

Updated: Jan. 3, 2022 at 1:50 PM CST
|
By WBRC Staff
New York Pizza as many from Homewood and beyond know it will surely be missed.

National

Kellogg’s workers return to work with new benefits after 11-week strike

Updated: Dec. 27, 2021 at 5:51 AM CST
|
By Action News 5 Staff
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.

Central Alabama

Jefferson and Shelby Co. storm-affected residents can apply for FEMA assistance

Updated: Dec. 23, 2021 at 12:23 PM CST
|
By WBRC Staff
Residents who were affected by the severe storms and flooding that occurred Oct. 6-7, 2021, may apply for FEMA Individual Assistance

Local Business

Auburn University Gymnast breaking new ground in the digital world of Art

Updated: Dec. 15, 2021 at 10:10 AM CST
|
By Sheldon Haygood
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.

Local Business

Tyson Foods to give frontline, hourly team members year-end bonuses

Updated: Dec. 6, 2021 at 2:57 PM CST
|
By WBRC Staff
For team members in the U.S., these one-time bonuses will be based on tenure, range from $300 to $700, and be distributed starting in December 2021.

Local Business

Mayor Woodfin and Urban Impact partner to support Black businesses during holiday season

Updated: Nov. 29, 2021 at 12:24 PM CST
|
By WBRC Staff
#BuyBlackBham is a holiday spending campaign and ongoing economic impact platform to encourage consumers to shop local, Black-owned businesses in Birmingham.

On Your Side Investigations

Savings bonds offer 7.12% interest, what you need to know

Updated: Nov. 24, 2021 at 2:37 PM CST
|
By Jennifer Horton
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.
News
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