Catherine Muccigrosso

Charlotte

Retail Reporter at The Charlotte Observer

Retail reporter @theobserver. Formerly with @rhherald @gastongazette @columbiatribune. You can call me Kitty. Email tips: [email protected].

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Articles

A tech repair store run by former prisoners is opening soon in north Charlotte

6 days ago | heraldonline.com | Catherine Muccigrosso

City Startup Labs, a workforce training and mentorship organization, is expanding its pilot re-entry program for formerly incarcerated entrepreneurs with the debut of its first-of-its-kind retail business. ReConnex, or Reentry Connections, will open a digital device repair shop at 5420 N. Tryon St. in north Charlotte, City Startup said Thursday. The 1,400-square-foot store is expected to open in May.
A tech repair store run by former prisoners is opening soon in north Charlotte

6 days ago | charlotteobserver.com | Catherine Muccigrosso

City Startup Labs, a workforce training and mentorship organization, is expanding its pilot re-entry program for formerly incarcerated entrepreneurs with the debut of its first-of-its-kind retail business. ReConnex, or Reentry Connections, will open a digital device repair shop at 5420 N. Tryon St. in north Charlotte, City Startup said Thursday. The 1,400-square-foot store is expected to open in May.
In the shadow of ‘banktown’, a banking desert grows near Charlotte. Why?

1 week ago | heraldonline.com | Catherine Muccigrosso

About an hour southeast of Charlotte, in the heart of downtown, small-town Wadesboro, stands a two-story building for Liberty Home Care & Hospice. The exterior still echoes its former life as a BB&T bank with a two-lane drive-thru overhang, teller window and a weathered deposit box. Other buildings in the town of about 5,000 hold similar reminders. Over on South Greene Street, a steel bank deposit box is mounted on the brick wall of Woodsmen Forestry’s building.
In the shadow of 'banktown', a banking desert grows near Charlotte. Why?

1 week ago | charlotteobserver.com | Catherine Muccigrosso

About an hour southeast of Charlotte, in the heart of downtown, small-town Wadesboro, stands a two-story building for Liberty Home Care & Hospice. The exterior still echoes its former life as a BB&T bank with a two-lane drive-thru overhang, teller window and a weathered deposit box. Other buildings in the town of about 5,000 hold similar reminders. Over on South Greene Street, a steel bank deposit box is mounted on the brick wall of Woodsmen Forestry 's building.
Latest Charlotte region textile mill closure will result in 170 jobs lost

1 week ago | heraldonline.com | Catherine Muccigrosso

A long-time Charlotte-area textile mill is closing by the end of the year, putting 173 people out of work, according to an N.C. Worker Adjustment and Retraining Notification Act report. Patrick Yarn Mill Inc. at 501 York Road in Kings Mountain will close Dec. 31, the WARN report filed Monday with the North Carolina Department of Commerce said. The mill, which specializes in cut-resistant and flame retardant yarns, is about 35 miles west of Charlotte.
5 ways Wells Fargo economists say tariffs will ‘significantly slow’ the economy

1 week ago | heraldonline.com | Catherine Muccigrosso

U.S. economic growth will slow significantly this year amid uncertain policies and tariffs reaching the highest rate in over a century, Wells Fargo economists say. “The U.S. economy came into this year doing pretty well,” Jay Bryson, chief economist at Wells Fargo, said Thursday. “But, unfortunately, growth has slowed.”During a conference call Thursday, Wells Fargo economists discussed the economic implications of tariffs.
New CEO and a name change coming for lithium mining company near Charlotte

2 weeks ago | charlotteobserver.com | Catherine Muccigrosso

A North Carolina lithium mining company could have a new name by fall. Piedmont Lithium will become Elevra Lithium, the Belmont-based company said Thursday, following the nearly 50-50 holding split planned merger with Australia-based Sayona Mining. The estimated market capitalization of the proposed merged company is $623 million. The merger was announced in November and is expected to be completed by mid-year following shareholder and federal regulatory approvals, Piedmont said.
'It's messy.' Tariff war leaves Charlotte and Rock Hill small businesses on edge

2 weeks ago | charlotteobserver.com | Desiree Mathurin |John MARKS |Catherine Muccigrosso |Chase Jordan

Back in 2017, Andrea Richter began making candles as a hobby. Her passion for the pastime quickly turned into a full-time gig. And now, Pretty Honest Candles is a pretty strong small business. But it's getting tougher for Richter and other small business owners around the Charlotte metro area as costs begin to rise due to President Donald Trump's tariffs policy.
‘It’s messy.’ Tariff war leaves Charlotte and Rock Hill small businesses on edge

2 weeks ago | heraldonline.com | Desiree Mathurin |John Marks |Catherine Muccigrosso |Chase Jordan

Back in 2017, Andrea Richter began making candles as a hobby. Her passion for the pastime quickly turned into a full-time gig. And now, Pretty Honest Candles is a pretty strong small business. But it’s getting tougher for Richter and other small business owners around the Charlotte metro area as costs begin to rise due to President Donald Trump’s tariffs policy.
Charlotte's Fortune 500 companies caught in Trump tariffs war. Only one is up.

2 weeks ago | charlotteobserver.com | Catherine Muccigrosso

Only one Charlotte Fortune 500 company has held gains in the past week since President Donald Trump began sweeping tariffs on dozens of countries, including China and the European Union. After Trump unveiled on April 2 expansive tariffs on nearly every product imported to the U.S., the stock market saw its worst day on Wall Street on April 3 since the height of COVID in March 2020. A Tuesday rally was short-lived as tariffs took effect at 12:01 a.m. Wednesday, including 104% on goods from China.