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Economics

Pedrotti Ace Hardware celebrated its centennial anniversary with a spectacular drone light show

Pedrotti Ace Hardware began in the small town of Crockett, California, in 1922, where it served the local community for 70 years before moving to Benicia, California, in February of 1992.

Economics

Rosendale: 'U.S. oil from our strategic petroleum reserves is being sold to China while our gas prices remain high'

Almost four months after President Joe Biden's initial release of oil from the Strategic Petroleum Reserve (SPR), gas prices remain high. As of July, Biden is selling this oil to foreign countries, further draining the country's trove of emergency crude oil.

Economics

Economist: Gas prices 'up nearly 60% from a year earlier,' latest Gasoline Misery Index at $746

Gas prices across the country continued to decline in the last week, but Americans are still paying a premium at the pump.

Economics

Arizona chambers oppose planned predatory debt collection measure: 'This initiative would be a disaster'

The Arizona Chamber of Commerce & Industry and the Greater Phoenix Chamber of Commerce have banded together to express their opposition to the proposed Predatory Debt Collection Protection Act.

Economics

Driven by NV gasoline prices, June inflation at record 9.1%

Inflation has surpassed what economists had predicted for the month of June, with the price of gas being the main factor.

Economics

GOP Policy Research director: 'Inflation hits another NEW 40-year high under Biden'

The U.S. Bureau of Labor Statistics has released its latest Consumer Price Index for the month of June. Driven mainly by increased gasoline prices, a 9.1% inflation rate has established itself as a new 40-year high, making economists' forecasts appear too optimistic.

Economics

American Farm Bureau Federation analysis: Americans brace for expensive Fourth of July due to 'supply chain disruptions and inflation'

The American Farm Bureau Federation recently published the results of a new marketplace survey that discovered that the cost of this year's Independence Day celebration is 17% more expensive than last year.

Economics

Energy Alliance director urges SEC to drop its proposed rule to 'avoid the human, social and economic harms'

An Austin-based policy director for an energy industry advocacy group is asking the U.S. Securities and Exchange Commission (SEC) to drop its proposal that would require companies to significantly increase climate risk reporting.

Economics

Michigan Strategic Fund and Whitmer invest in businesses: 'Our economy is on the move'

The Michigan Strategic Fund (MSF) is backing the expansion of two business operations in the state that will facilitate 68 additional jobs through a $7.7 million private investment.

Economics

Casino Arizona partners with OpenBet for sports betting solutions

Casino Arizona has announced a partnership with OpenBet to supply retail sports betting solutions for its sports-related games and gambling sites in Scottsdale.

Economics

Whitmer: 'We are thrilled that Ford is advancing its long legacy in Michigan by investing $2 billion to create 3,200 good-paying UAW jobs'

More than $2 billion will be invested in Ford facilities to strengthen the company’s electric vehicle production and create new jobs.

Economics

Biggs: 'In Arizona, inflation is costing households $733 a month'

The U.S. Bureau of Labor Statistics' (BLS) latest Consumer Price Index for the month of May shows an 8.6% inflation rate, a 40-year high. Food, housing, and fuel costs are the main contributors, forcing many Americans to struggle financially. U.S. Rep. Andy Biggs (R-Mesa) says Arizonians are spending even more than the average Americans each month because of the state's inflation.

Economics

Biden in letter to ExxonMobil: 'Your companies need to work with my administration to bring forward concrete, near-term solutions that address the crisis'

As high gas prices become the accepted norm for the time being, President Joe Biden seemingly refuses to take the blame and is instead blaming oil refineries. However, there is evidence that the president's policies may be to blame for $5 per gallon gas averages.

Economics

'America was built on a foundation of ordinary people united by the task ahead': Color Us United president at anti-woke Zoomfest

On June 9, national nonprofit advocacy group Color Us United—a coalition aimed at fighting discriminatory corporate and institutional policies that divide workers—held its first annual Zoomfest.

Economics

Xu: 'America was built on a foundation of ordinary people united by the task ahead'

On June 9, national nonprofit advocacy group Color Us United—a coalition aimed at fighting discriminatory corporate and institutional policies that divide workers—held its first annual Zoomfest.

Economics

Pennsylvania gas prices hit record, cross $5 per gallon mark

May inflation nationally hit 8.6% as Pennsylvania gas prices set a record, according to the U.S. Bureau of Labor Statistics. Its new Consumer Price Index marked a four-decade high.

Economics

Nevada suffering second-highest gas prices in the nation

The U.S. Bureau of Labor Statistics reported the Consumer Price Index for May showed an 8.6% inflation rate, a 40-year high. Food, housing and fuel costs are the main contributors, causing numerous Americans to have financial problems, particularly in Nevada.

Economics

Georgia's inflation rate of 13.3% outpaces national average

The U.S. Bureau of Labor Statistics (BLS) latest Consumer Price Index for May shows an 8.6% inflation rate, a 40-year high, while Georgia's rate is even higher, according to Trading Economics.

Economics

Phoenix-based company uses foam to build houses: 'This is the only type of construction that makes sense'

With supply chain issues contributing to rising costs to build homes, Phoenix-based company Strata International Group said the solution lies in foam houses.

Economics

Phoenix developer to get $68M tax break to build 'revenue-generating' public parking garages

A Phoenix developer will avoid paying $67.8 million in sales taxes on construction, leases and retail by redeveloping the former Metrocenter Mall into parking garages it later will give back to the city.