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Business

7 benefits of a Federal Reserve interest rate hike

Interest rates are going up. The Federal Reserve hiked rates once in 2015, once again last year and twice in 2017. And this week, Fed officials voted 7-2 after a two-day meeting to increase the rate by a quarter percentage point to a target range between 1.25 percent and 1.5 percent.

Business

The Mortgage Professor: Internet-based medical scams

Medical scams executed on the internet aim to convince respondents that a medical condition is best treated by a non-prescription remedy that only the scamster can provide. In other words, you should ignore your physician, ignore whatever you may have read about your problem in mainstream sources, and buy a cure from a non-credentialed source about whom you know nothing.

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2017 Tar Heels of the Year: renowned chef and restaurateur, Ashley Christensen 4:10

2017 Tar Heels of the Year: renowned chef and restaurateur, Ashley Christensen

2017 Tar Heels of the Year: Ashley Christensen and Vivian Howard 1:05

2017 Tar Heels of the Year: Ashley Christensen and Vivian Howard

2017 Tar Heels of the Year: Eastern North Carolina’s star chef and author, Vivian Howard 4:52

2017 Tar Heels of the Year: Eastern North Carolina’s star chef and author, Vivian Howard

Former Wake official turns herself in on embezzlement charges 0:57

Former Wake official turns herself in on embezzlement charges

Check out these awesome holiday lights 1:36

Check out these awesome holiday lights

A Goldsboro teacher's gift to a student gets legendary attention 0:28

A Goldsboro teacher's gift to a student gets legendary attention

Here are some of the NC references in “Stranger Things.” Have you caught them all? 1:01

Here are some of the NC references in “Stranger Things.” Have you caught them all?

Chainsaws turn storm debris into wildlife art 0:54

Chainsaws turn storm debris into wildlife art

Struggling mom gets a generous Christmas gift from university student athletes 1:58

Struggling mom gets a generous Christmas gift from university student athletes

CityWell Methodist Church announces fifth sanctuary protection in NC 1:47

CityWell Methodist Church announces fifth sanctuary protection in NC

An inside look at Rick Siskey and one of Charlotte's biggest frauds

For years, Charlotte businessman Rick Siskey built a a reputation as a savvy adviser to wealthy clients who lived a lavish lifestyle while also giving generously to charity. That all unraveled when he took his own life amid an FBI investigation that revealed he had long run a Ponzi scheme. Now investors are scrambling to get their money back.
Diedra Laird dlaird@charlotteobserver.com
An inside look at Rick Siskey and one of Charlotte's biggest frauds 15:26

An inside look at Rick Siskey and one of Charlotte's biggest frauds

Tour the most expensive house for sale in NC 1:46

Tour the most expensive house for sale in NC

Downtown Raleigh: Luxury living in upscale townhomes arrives 1:04

Downtown Raleigh: Luxury living in upscale townhomes arrives

Luxury townhomes come to downtown Raleigh 2:12

Luxury townhomes come to downtown Raleigh