North Carolina legislators who met Wednesday to discuss cutting property taxes were hit with a grim report on the future of federal funding for states and local governments that could actually drive up costs for many programs, making tax cuts more difficult.

North Carolina’s leading residential energy company proposing a prospective rate increase of $17 to $30 a month on average for customers on Tuesday reported net income of nearly $5 billion on total operating revenues of $32.24 billion.

Chrysler is recalling more than 450,000 vehicles nationwide due to improperly designed trailer tow modules that could cause trailer lights to malfunction and trailer brakes to fail, according to the National Highway Traffic Safety Administration.

Goodyear is expanding operations in Statesville as the company consolidates two of its U.S. mold manufacturing facilities into one location.

North Carolina has been named 2025 State of the Year by Business Facilities magazine, earning top recognition for its business climate and economic development achievements.