State North Carolina Financial News

By Stephen Culp

Bank of America has been fined $24 million after two former traders placed phony "spoof" trades to try to influence the market for U.S. Treasuries, the Financial Industry Regulatory Authority said on Thursday. Spoofing involves placing orders traders intend to cancel, hoping to create a false sense of market activity that moves prices in a direction they favor, and induce transactions that other traders would otherwise would not make. FINRA said a junior trader and his supervisor at BofA Securities conducted 717 spoof trades between October 2014 and February 2021. It also faulted the oversight system of the second-largest U.S.

A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the non-fungible token (NFT) market.

By Jonathan Stempel

By Siddharth Cavale, Helen Reid and Arriana McLymore

stocks ended higher on Wednesday on optimism that the Federal Reserve may be done raising interest rates and that the economy is still resilient. Economic reports on jobless claims, durable goods, and consumer sentiment seemed to suggest the economy is easing but may stay strong enough to avoid recession. Data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week. Tuesday's minutes on the last Fed meeting showed a cautious approach toward monetary policy. Still, stocks have risen sharply in recent weeks on the view the Fed is done hiking rates. «Overall you have a solid backdrop to the market,» said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina. «The signals for the market, despite concerns over the economy and consumer spending, is that this market has sustainability in what is probably the most hospitable season for the market.» She said stocks tend to rise just before the U.S. Thanksgiving holiday and also rally heading into year-end.

(Reuters) — The WanaBana Apple (NASDAQ:AAPL) Cinnamon Puree, a product potentially contaminated with lead, was still being sold at Dollar Tree (NASDAQ:DLTR) stores despite a recall that began last month, the U.S. Food and Drug Administration (FDA) said on Wednesday.

Outer Banks season 4 officially restarted filming on Monday, November 20, 2023, in a new location. Reports from Star News and local outlets in Wilmington, North Carolina, indicate that filming will take place on November 20 and 21. Outer Banks is among the first Netflix shows to resume production. Originally slated to be filmed in North Carolina, including Wilmington, production shifted to Charleston, South Carolina, in 2017 due to North Carolina’s HB-2. Netflix opted to relocate production to distance itself from the law. The return to North Carolina is notable, especially considering the plot of season 4. The conclusion of season 3 hinted at a new treasure hunt involving the Pogues pursuing Blackbeard's treasure. Blackbeard, also known as Edward Teach, historically sailed the region. Filming for Outer Banks season 4 commenced in June, and there were initial concerns that the season might not return until 2025. However, the recent resumption of production alleviates those worries. The decision to resume filming in North Carolina adds a layer of geographical relevance to the storyline, aligning with the historical context of Blackbeard's presence in the region. Outer Banks season 4's return to its roots in North Carolina promises to bring fans a continuation of the treasure hunt saga initiated in the previous season.

Investing.com — Lowe’s (NYSE:LOW) has lowered its full-year financial guidance, as the home improvement retailer said it was hit by a larger-than-anticipated pullback in consumer spending on big-ticket items in its third quarter.

A political group called No Labels is trying to qualify for ballots in all 50 states so that it can field a presidential ticket next year. Its argument: Americans want an option other than President Biden and former President Donald Trump, who has a commanding lead in the GOP primary. Here’s a look at No Labels, its funding and how its presidential effort is going.

Millions of adults struggle for years with chronic low-back pain—a disabling ailment that has no easy fix. Common causes include injury, arthritis and degenerative changes in the spine. It tends to start at midlife with the natural wear and tear of aging.

(Reuters) — Republican lawmakers on the House Financial Services Committee said Tuesday they were calling for an urgent briefing from a government watchdog to address reported allegations of pervasive sexual harassment at the Federal Deposit Insurance Corporation (FDIC).

Economist Stephen Moore discusses negative economic trends in Democrat-run cities and Moody's lowering its outlook on the U.S. credit rating.

Oscar" in the food industry. Celebrity Chef Vikas Khanna, who has also won a Michelin Star in the past, expressed his happiness on social media. He said these awards are a great honour for Indian food and hospitality.

Blake Martinez has put his embattled Pokemon trading card business on hold and is returning to the NFL

The FDA received more reports of illnesses linked to lead-tainted pouches.

Normann Financial has found a new home at Captrust Financial, both companies announced Friday.

The US Securities and Exchange Commission (SEC) is under scrutiny after Democratic lawmaker Rep. Wiley Nickel from North Carolina criticized the agency’s management of a controversial bulletin concerning the accounting of companies’ crypto holdings.

Albemarle says it is done with big takeover plays in the West Australian lithium sector after folding its $6.6 billion offer for Liontown Resources last month.

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More elevator riders in North Carolina soon won't see the eyes of the state labor commissioner staring back at them