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The Fed anticipated fewer rate cuts in 2024 and added an additional rate reduction in 2025. The funds rate at the end of that year is a little different. (Photo/DepositPhotos)
Jun 18, 2024

Uptick in inflation rate changes the Fed’s outlook

This past week we learned that Fed officials expect one or perhaps two rate reductions by yearend, followed by an additional four rate cuts in 2025.

Darla Moore grew up on a Lake City farm to become one of the most sigfnificant players in banking and one of the state's best known philanthropists.
Jun 14, 2024

Business leader and philanthropist Darla Moore joins team to celebrate America’s 250th

Ambassador Circle will work to amplify efforts of events leading up to America’s observance of nation’s independence …

Jun 12, 2024

Fitness entrepreneur leaves finance career behind for Camden gym

Phil Gephart worked in finance but found his passion in helping other people find health and fitness. (Photo/DepositPhotos)

USC President Michael Amiridis, Alex Molinaroli, Molinaroli’s wife Kristin Ihle Molinaroli, College of Engineering and Computing Dean Hossein Haj-Hariri, and Board of Trustees Chair Thad Westbrook unveil a sample of the signage that will adorn the Molinaroli College of Engineering and Computing. (Photo/University of South Carolina)
Jun 6, 2024

$30M alumnus gift means new name for engineering college at the University of South Carolina

The official name, the University of South Carolina Molinaroli College of Engineering and Computing, was announced on Thursday during a signage unveiling ceremony

Liberty Senior Living took over management of HarborChase of Rock Hill, a senior living community now known as Kempton of Rock Hill. (Photo/Liberty Senior Living)
Jun 4, 2024

New management company takes over Rock Hill senior living community

A company with 150 years of experience in managing the health and lifestyles of seniors has taken over management of …

The new fitness center joins Lowes Foods, Jersey Mikes and other retailers at Village at Sandhill Marketplace. (Photo/Colliers)
Jun 3, 2024

New fitness center moves into northeast Columbia shopping center

The center at the corner of Clemson Road and North Springs Road is in an area of growing affluence, according to …

From pickled vegetables with roots in Haiti to wood pellets made from pecan shells and coffee grounds, the diverse agribusiness culture in South Carolina includes innovations in traditional vegetable farming and roadside stands. (Photo/DepositPhotos)
May 31, 2024

South Carolina entrepreneurs awarded $200,000 for agribusiness innovations

From pickled vegetables with roots in Haiti to wood pellets made from pecan shells and coffee grounds, the diverse agribusiness culture in …

Javon Jones, SCRA investment associate; Amanda Clark, founder and CEO of PulManage; and Mitch Smith, SCRA senior investment manager, celebrate SCRA’s investment in the company. (Photo/SCRA).
May 29, 2024

SCRA puts $250,000 into Columbia life science company

South Carolina Research Authority’s investment affiliate, SC Launch Inc., has invested $250,000 in PulManage, a Columbia-based company that …

Poogan’s Southern Kitchen offered classic Southern fare such as chicken and waffles and shrimp and grits. (Photo/Poogan’s Southern Kitchen)
May 16, 2024

Charleston-based restaurant closing Forest Acres location after 2 years

The restaurant opened in August 2022 in 6,600 square feet in the Cardinal Crossing Community …

The main home, with 8,400 square feet, is crafted in the Charleston style and was built in 2009-2010 by Billy Ray Caskey Custom Home Builder and Craftsman. (Photo/Drone Media/CDS)
May 10, 2024

Historic Richland County estate hits the market for $17.5M

Established in 1795, the estate’s long history, including once sheltering Barnum & Bailey’s circus animals ...

Technology developed by Oncoblaze is designed to deliver therapy precisely to cancer cells that remain after surgery. (Photo/DepositPhotos)
May 7, 2024

SCRA accepts new members and awards grants to companies around South Carolina

The South Carolina Research Authority welcomes new members and puts funding behind some of the life science efforts of others …

Economists’ dire warning of a recession last year proved completely off base as firms continued to hire workers and consumers continued to spend, but perhaps the economy is finally beginning to cool. (Photo/DepositPhotos)
May 6, 2024

Reports show early signs of an economic slowdown

It wasn’t the employment report, but the purchasing managers index for the service sector plummeting in April that …