TechWire Rewind: NC economic outlook; new PPP loan details; startup fund raises + more news – WRAL Tech Wire
As Monday morning rolls in, we’re providing TechWire readers with a quick recap of the past week’s news headlines.
Notable news stories from last week included: North Carolina’s economy is rebounding fast, but it’s unclear if this momentum will continue; JCPenney is cutting 65 jobs in North Carolina with the close of its In-Home Custom Window business, Durham-based digital advertising startup Adwerx reported strong 79% growth in Q3-4 and expects to grow its team by 20% in the first quarter of 2021; the newly signed COVID-19 relief package includes over $280 billion in new Payroll Protection Plan funding.
A few North Carolina companies secured new funding last week, including Durham-based IMMvention Therapeutix ($3.9 million) and Raleigh-based 10 Federal ($32 million). Read more local startup news in our weekly Startup Rewind edition.
And, in national news: Retail sales got a 3% boost during the holiday shopping season, while online shopping sales grew 49% from Oct. 11 to Dec. 24; the Federal Aviation Administration made significant changes to U.S. drone law; Microsoft’s source code was viewed in the SolarWinds hack; the Dow and the S&P 500 started and ended 2020 at all-time highs; Bitcoin surpassed $33,000 in value on Saturday.
Keeping with our Monday “TechWire Rewind” tradition, here’s a look back at 54 local, state and national headlines as reported by WRAL TechWire last week: