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Buy low-tops, sell high-tops: A sneaker exchange is worth $1 billion

Posted by   /  June 26, 2019  /  Economy  /  No Comments

Scott Cutler, the new chief executive of StockX, and Josh Luber, the founder, in the company’s storage room at their Detroit headquarters. / Credit Nick Hagen / The New York Times StockX is one of several online marketplaces that have turned resales of shoes into a big — and highly valued — business. By Erin Griffith […]

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Gilbert is named ‘Best City for Business

Posted by   /  June 26, 2019  /  Economy, Real Estate  /  No Comments

AZBigMedia At the Arizona Chamber of Commerce and Industry Annual Awards Luncheon last week, the Chamber awarded the Town of Gilbert the “Best City for Business” in recognition of its pro-business initiatives and ongoing economic development efforts. The award, which was sponsored by Cox Communications, was accepted onstage at the event by Gilbert Mayor Jenn Daniels. “We’re […]

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Honesty is majority policy in lost wallet experiment

Posted by   /  June 21, 2019  /  Economy  /  No Comments

Research assistants handed in ‘lost’ wallets to banks, theatres, museums and police stations and measured outcomes. Photograph: AlesVeluscek/Getty/iStockphoto Public more likely to return wallet containing larger sum of money, global study finds By Hannah Devlin Science | The Guardian Here’s a moral dilemma: if you find a wallet stuffed with bank notes, do you pocket […]

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Ducey explains why Arizona’s relationship with Mexico is important to the state

Posted by   /  June 20, 2019  /  Economy  /  No Comments

Gov. Doug Ducey is chair of the Arizona-Mexico Commission. / AZBigMedia AZBigMedia In this exclusive interview with Chamber Business News, Gov. Doug Ducey discusses his role as chair of the Arizona-Mexico Commission and why Arizona’s relationship with Mexico is important to the state. Question: Governor, what are your duties as the chair of the Arizona-Mexico Commission? Answer: My […]

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Phoenix City Council approves measure to extend Foreign Trade Zone, tax breaks to $700M Lucid Motors plant

Posted by   /  June 20, 2019  /  Economy, Government and Politics  /  No Comments

Lucid Motors By Mike Sunnucks | Phoenix Business Journal The Phoenix City Council approved a measure yesterday to extend a Foreign Trade Zone and its tax breaks to Casa Grande for Lucid Motors planned $700 million electric car plant. The city of Phoenix administers Foreign Trade Zone Number 75. The zones offer state property tax […]

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Loop 202 extension could create new Phoenix employment corridor, experts say

Posted by   /  June 20, 2019  /  Economy, Transportation  /  No Comments

Travelers soon will be able to bypass downtown Phoenix by using the 22 additional freeway miles of the Loop 202 South Mountain Freeway. / By Jim Poulin / Phoenix Business Journal By Corina Vanek | Phoenix Business Journal The 22-mile Loop 202 South Mountain Freeway extension could give Phoenix the opportunity to create an employment […]

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Pollack: Expansions don’t die of old age

Posted by   /  June 18, 2019  /  Economy  /  No Comments

Pollack

ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE June 17, 2019 The Monday Morning Quarterback  A quick analysis of important economic data released over the last week While a few of the major indicators that turn negative before a recession have indeed turned, several others have not. So, the economy continues to move forward despite […]

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Home builders are buy again, says Wedbush

Posted by   /  June 18, 2019  /  Economy  /  No Comments

Brokerage upgrades Lennar, maintains outperform ratings on other By Andrea Riquier | Marketwatch As low mortgage rates bolster demand and the economy remains supportive, homebuilder stocks are now the preferred proxy for housing market demand for analysts at Wedbush, according to a note published Thursday. The Wedbush team upgraded Lennar LEN, -1.85% LEN.B, -1.86%  to outperform on the same day, […]

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Phoenix could help Lucid Motors get tax breaks for $700M electric car plant in Casa Grande via Foreign Trade Zone expansion

Posted by   /  June 17, 2019  /  By Mike Sunnucks, Economy, Government and Politics  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter The city of Phoenix is considering a request to include Lucid Motors planned electric car plant in Casa Grande in a Foreign Trade Zone. Phoenix is the local administrator of Foreign Trade Zone Number 75. The zones offer lower federal custom duties and companies in the Arizona […]

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Pollack: Imbalances

Posted by   /  June 11, 2019  /  Economy  /  No Comments

Pollack

ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE June 10, 2019 The Monday Morning Quarterback  A quick analysis of important economic data released over the last week The most significant economic story last week took place after markets closed on Friday.  The threat of significant tariffs on Mexican products shipped to the U.S. unless Mexico […]

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