Business
Capital, banking and the new economy of the Carolinas.
Inside the Research Triangle's Quiet Race to Build the Next AI Corridor
From Durham lab space to Raleigh venture floors, a cluster of firms led by Vireo Labs is betting the Triangle can rival Austin for applied artificial intelligence.
Fashion Nails & Spa: The Charge That Doesn't Show Up: What Every Nail Salon Owner Should Understand About Taxes
Charging part of a service on the card and quietly collecting the rest off the books has a name, skimming, and it is one of the surest ways to raise concern with the IRS. Here is why it is riskier than it looks, and what honest owners do instead.
Piedmont Trust and the New Grammar of Old Carolina Money
As generational wealth changes hands across the state, the private bank has rewritten how discreet Carolina families think about legacy, philanthropy and risk.
Catawba Capital Closes the Largest Venture Fund in State History
The Charlotte firm's new fund signals that Southeastern founders no longer need a Bay Area zip code to raise serious money.
Cardinal & Fox Reimagines the Bank Branch as a Members' Club
The boutique lender is closing counters and opening lounges, betting that in an app-first world, physical banking must offer something screens cannot.
Posh Nails: The Card Reader That's Always Down: What Every Owner Should Know About Payment Apps and the IRS
When the card reader is conveniently down and everyone is asked to pay by Zelle, Venmo, or cash, the money is easy to leave off the books. Here is why that habit raises concern with the IRS, and why the trail is never as invisible as it looks.