Sep. 6—THOMASVILLE — A Thomasville packaging manufacturer plans to create 37 new jobs in a $15 million expansion, the office of Gov. Roy Cooper announced Tuesday.

Imaflex USA Inc. plans to construct a 25,000-square-foot addition at its 1201 Unity St. plant over the next two years to accommodate the growth of its packaging solutions business for the consumer and industrial markets.

The Thomasville plant is the U.S. operation for Imaflex Inc., a Canadian company that develops and manufactures plastic films and bags. The company has been in Thomasville since 2006.

"We've seen a substantial scaling of the business since then, resulting in the need for additional space and equipment," Joe Abbandonato, president and CEO of Imaflex, said in a news release. "This (expansion) accommodates our needs, thus ensuring our long-term growth and competitiveness. In turn, it will benefit our current employees, while also creating new job opportunities in North Carolina."

The expansion will allow the company to upgrade its extrusion operations and increase film-making capacity in its current facility, while constructing a new building to consolidate printing and distribution operations, according to Cooper's office.

The Thomasville plant currently has 90 employees. The new positions will include extrusion, converting, printing, maintenance and management personnel. A $75,000 grant from the One North Carolina Fund has been authorized to assist the company with the expansion. Thomasville and Davidson County incentives are also involved.

On Wednesday, the Fed bumped up interest rates again, its third 75-basis point hike since June, and signaled that there could be two more such hikes by the end of this year. The conventional wisdom has the Fed acting properly, and aggressively, in an attempt to counter inflation raging at 40-year high levels. But conventional wisdom isn’t always right – and we can learn a lot by consulting the contrarians. Few top investors are more contrarian than Cathie Wood. The founder and manager of ARK Inv

With the Fed making its third 75-basis-point hike this year, Dalio says greater economic contraction is on the horizon.

Billionaire investor Warren Buffett has seen downturns, recessions, market crashes, and all sorts of adversity in the markets over the years. Investors who are worried about the markets today should heed the Oracle of Omaha's advice and simply bet on America. Three U.S.-based stocks that investors can buy to bet on America are Seagen (NASDAQ: SGEN), T-Mobile US (NASDAQ: TMUS), and Coca-Cola (NYSE: KO).

The brutal sell-off in the technology sector presents a chance to own this semiconductor giant at a discount.

In a year when all three of the major stock indexes in the United States have declined by 15% or more, there are plenty of dividend stocks out there with high dividend yields. What if I told you that there is a Dow Jones Industrial Average stock with a yield north of 6%? Dow Inc. (NYSE: DOW), a maker of various chemical products and one of the Dow Jones Industrial Average's 30 components, fits this description.

Facebook is starting to look like a shadow of its former self. The market capitalization of the owner of Instagram and WhatsApp is now only $383 billion, the lowest level Mark Zuckerberg's empire has reached since 2019. At that time Facebook was mired in the Cambridge Analytica scandal.

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To fight inflation Summers believes that we need a shorter, shallower downturn in the months ahead, rather than a prolonged period of pain.

“We printed up too much money, and just thought the party would never end,” Icahn said, adding that with the Fed raising rates to fight inflation, "the party's over."

Multiple insiders secured a larger position in Intel Corporation ( NASDAQ:INTC ) shares over the last 12 months. This...

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Digital World said it had received termination notices from private investment in public equity (PIPE) investors ending nearly $139 million in investments out of the $1 billion commitment it had previously announced. Investors, who signed the PIPE commitment about one year ago, are free to move their money after the Sept. 20, 2022 deadline if the deal has not completed. Digital World did not disclose the investors that pulled out.

In this article, we will look at the 4 stocks billionaire Leon Cooperman is talking about right now. If you want to skip reading about Leon Cooperman, his investment career, and his stock-picking strategy, you can go directly to Billionaire Leon Cooperman is Talking About These 2 Stocks. Leon Cooperman’s Investment Career Leon Cooperman is […]

Instead of heading for the sideline, Form 13F filings with the Securities and Exchange Commission (SEC) show that most billionaire money managers were active buyers during the first half of the year. What's particularly interesting is that select billionaires have been piling into some of Wall Street's most beaten-down growth stocks. The following three supercharged growth stocks are down as much as 94%, yet billionaires can't stop buying shares of them.

A year from now, metrics like fed-fund rates and mortgage rates should be approaching their long-term average. What do we until then? Some strategists suggest bizarre investments like long-term Treasuries, shorting gold, and buy stocks in companies with decent dividends and share-buyback programs.

In this article, we will look at billionaire Ken Fisher’s top 10 growth stock picks. If you want to explore similar stocks, you can also take a look at Ken Fisher’s Top 5 Growth Stock Picks. Ken Fisher is an American billionaire investor and financial analyst. Mr. Fisher is the hedge fund manager of Fisher […]

With the objective of providing a high-resolution 3D view of their environment, LiDAR (light detection and ranging) sensors are set to be a mainstay in autonomous vehicles. While not all have been proponents of the technology – Elon Musk, for one, has stated in the past that he is not a fan – J.P. Morgan analyst Samik Chatterjee says the “debate around value-add of a LiDAR in a sensing suite has been long settled.” The decision to forgo the use of lidar more revolves around costs rather than per

The bear market that has mauled the Nasdaq Composite continues, with the highly followed index down roughly 29% from its highs of late last year. Fears regarding rising interest rates, inflation at 40-year-highs, and the potential of a long, drawn-out recession are weighing on consumers and investors alike. Company-specific challenges have added to investors' anxieties, with some worried that the sky is falling.

"I think there's value under some very attractive single [stock] names. But you just can't avoid the macro factor right now," Mohamed El-Erian said.

"Almost all S&P 500 returns occur [from] November 1 to the next year's April 30. Don't fight seasonality?" Bannister said.