Loading...
You are here:  Home  >  Economy
Latest

Business leaders say Arizona should engage in crafting NAFTA 2.0

Posted by   /  May 24, 2017  /  Economy, Government and Politics  /  No Comments

By Kendra Penningroth | Arizona Capitol Times Arizona business leaders said the state’s commerce experts and political actors should help craft a new North American Free Trade Agreement if the two-decade-old agreement is renegotiated. At a forum in Phoenix this morning, business leaders emphasized how NAFTA has benefited the state’s economy, noting that more than […]

Read More →
Latest

Trump’s first budget draws praise, pans from Arizona lawmakers

Posted by   /  May 24, 2017  /  Economy, Government and Politics  /  No Comments

Sen. John McCain, R-Arizona, said in a statement that the defense increase is “inadequate to the challenges we face.” By J.T. Lain | Cronkite News WASHINGTON – The White House said its proposed $4.09 trillion budget shows “respect for the people who pay the bills,” but Arizona Democrats said deep domestic cuts make it a […]

Read More →
Latest

If you bought $100 of bitcoin 7 years ago, you’d be sitting on $75 million now

Posted by   /  May 24, 2017  /  Economy  /  No Comments

By Arjun Kharpal | CNBC Monday, 22 May 2017 | 12:51 PM ET Monday marks the seven-year anniversary of Bitcoin Pizza Day – the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John’s pizzas. More important than the episode being widely recognized as the first transaction using the cryptocurrency is what […]

Read More →
Latest

Unemployment in the U.S. is falling, so why isn’t pay rising?

Posted by   /  May 22, 2017  /  Economy  /  No Comments

Eight possible explanations By Peter Coy | Bloomberg The U.S. economy is behaving mysteriously. Usually wage growth accelerates when the job market is tight: Employers have to pay more to attract and retain workers. But even though the unemployment rate hit a decade low of 4.4 percent in April, average hourly earnings of all private […]

Read More →
Latest

Phoenix is a triumph, but challenges remain

Posted by   /  May 20, 2017  /  Economy  /  No Comments

By Roland Murphy for Arizona Builder’s Exchange Anyone looking for negativity or opposition to the bustling pace of development in Phoenix’s Downtown – or anywhere else in the metro area for that matter – would have found themselves in hostile territory at this week’s Bisnow Phoenix New Construction and Development event. In fact, the only […]

Read More →
Latest

A contrarian view on the death of the mall

Posted by   /  May 20, 2017  /  Economy  /  No Comments

By Antoine Gara | Forbes With each dud of an earnings report from retailers such as Sears, and J.C. Penney, it appears hedge funds are positioning their bets for another great American mall die-off, something increasingly described as Wall Street’s next ‘Big Short.’ Like the subprime mortgages and cookie-cutter McMansions of yesteryear, investors are eyeing […]

Read More →
Latest

REGIONAL NEWS for May 20, 2017: Best and worst unemployment rates in two neighboring states

Posted by   /  May 20, 2017  /  Economy, Education, Real Estate, Regional News  /  No Comments

Colorado’s dropping unemployment rate plunges into uncharted waters New Mexico has nation’s worst unemployment rate — again Nevada: Developer hopes to write new chapter for Laughlin Bay Marina Utah school-trust lands agency wants millions more for hunting access California: Common-area property belongs to everyone. Board members can’t take it for themselves   Unemployment office sign […]

Read More →
Latest

Learning lessons: What the Valley and state have done to better prepare for the next downturn

Posted by   /  May 19, 2017  /  Economy  /  No Comments

Phoenix Business Journal Arizona went through the ringer during the Great Recession, but seems to have transformed itself. To get a gauge on how much the state has changed, we reached out to economist Jim Rounds, president of the Rounds Consulting Group in Tempe, to see how far we have come from and where we […]

Read More →
Latest

How will robots change the agricultural industry in Arizona?

Posted by   /  May 19, 2017  /  Economy, Energy and Environment  /  No Comments

Workers at Abby Lee Farms in Phoenix use stilts to help them reach the top of the tomato plants, which can reach near the ceiling of the greenhouse. (Photo by Josh Orcutt/Cronkite News) By Adriana Becerra | Cronkite News Thursday, May 18, 2017 PHOENIX – Each day, workers at Abby Lee Farms walk down the […]

Read More →
Latest

Experts see a brighter future for malls as department stores exit

Posted by   /  May 18, 2017  /  Economy  /  No Comments

By Tom Ryan | Forbes According to research from JLL Retail, many malls are finding few challenges replacing department stores as anchors. What’s more, the new tenants generally pay much higher rent. The shopping center owner noted that, historically, rents paid by department stores have been “extremely low,” usually less than $10 per square foot. […]

Read More →