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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Dec 23, 2017
Page
8
Nike down 1.48 to 63.29 after a solid quarter but weak North America sales. Papa Johns drops 2.33 to 56.90 as founder John Schnatter steps down as CEO on January 1.
New home sales rose 17.5 percent in November to a seasonally adjusted annual rate of 733,000 units, up from 624,000 in October. The gain, the largest since January 1992, reflects strong demand amid a recovering economy and tight supply of existing homes.
The economy shows growth at about 3 percent annual rate or higher through three quarters. The Fed projects 3.3 percent in Q4. A global rebound and corporate tax cuts under a new administration spark business investment in machinery, equipment, and buildings.
Belmont store Lowe's at 200 Caldwell Farm Road was evacuated after a fire on the roof reported at around 1:32 a.m. Friday. Firefighters and police responded. all workers escaped unharmed as crews work to clean debris and assess the cause before a planned Friday reopening.
AAA Carolinas projects 4.5 million residents will travel between Dec 23 and Jan 1, up 3.1 percent from last year. About 3.1 million in North Carolina and 1.4 million in South Carolina will use cars, planes, trains or other transport, with most driving. Gas prices rise but travelers press on, urged to buckle up and drive safely.
North Carolina average at 2.31 this year up from 2.18 last year while South Carolina averages 2.16, down from 2.03. AAA Carolinas urges avoiding peak city traffic and leaving early or after morning rush to reduce delays. Traveling on the holiday tends to mean lighter roadways for safer trips.
New York stocks ended slightly lower ahead of a holiday weekend as health care and banks slipped. Trump signed the tax bill, but markets moved little after recent gains on expectations of tax cuts. Bitcoin slid up to 30 percent as trading ranged widely, while major indices posted small losses yet queued a fifth weekly gain.
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