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Economics

Inflation rate at 8.5% for March; Arizona gas prices still well over $4 per gallon

The rate of inflation touches 8.5% for March, which is the highest in 40 years, with an increase of 48% in gasoline price and 11.1% in electricity.

Economics

Inflation rate at 8.5% for March, Michigan gas prices still near $4 a gallon

On Tuesday, the U.S. Bureau of Labor Statistics released its latest Consumer Price Index for the month of March, and it's even worse than economists had predicted.

Economics

CEO: Ace Hardware in 'fortuitous' position to hire new employees

John Venhuizen, president and CEO of Ace Hardware, recently announced the company will be hiring 40,000 new employees this spring.

Economics

Cruz says 'prices have skyrocketed': Arizonans will pay $784 more for gas this year than last

In addition to 40-year-high inflation levels, Metro Business Daily's latest "Gasoline Misery Index" shows that Americans will spend an average of $667 more on gas this year over last year.

Economics

GasBuddy analyst: 'We could see the national average price of gasoline fall back under $4 a gallon'

In addition to 40-year-high inflation levels, Metro Business Daily's latest "Gasoline Misery Index" shows that Americans will spend an average of $704 more on gas this year over last year.

Economics

Gasoline Misery Index: Average Wisconsin resident's gas spending is up $709

With gasoline prices surging across the country and showing few signs of slowing in any major way, a new Gasoline Misery Index report concludes Wisconsin residents will spend at least $709 more this year than they did last year in gas costs.Metro Business Daily's "Gasoline Misery" Index tracks how much more (or less) the average American consumer will have to spend on gasoline on an annual basis.

Economics

Former SEC chairman: Climate policy 'an area far outside the SEC’s authority, jurisdiction and expertise'

The U.S. Securities and Exchange Commission (SEC) has proposed requiring climate reporting from companies in the United States, but a former SEC chairman criticized the move, stating that lawmakers should be responsible for climate policy not the SEC.

Economics

Functional Government Initiative: Arizona gas prices are result of Biden energy policies, not industry profiteering

The Functional Government Initiative (FGI) is calling for transparency from the Biden administration to investigate how energy policies may be impacting the cost of oil and gas.

Economics

Gasoline Misery Index: North Carolina to spend $869 more on gas, 9th in 'Top 10 States of Misery'

North Carolina residents continue to feel the pain at the pump as Metro Business Daily's national Gasoline Misery Index showed that Americans are paying significantly more for gas this year than they did last year.

Economics

Gas spending up $800 annually in Arizona: AAA predicts 'driving habits' will change

Metro Business Daily's latest Gasoline Misery Index shows the typical American will spend an average of $720 more on gas than last year. In Arizona, residents are to projected to spend $800 more.

Economics

Nestlé announces plans to build $675 million creamer factory in Glendale

Hundreds of new jobs could soon be coming to Glendale thanks to a newly announced $675 million investment by Nestlé USA which plans to build a coffee creamer production factory in the city.

Economics

Gasoline Misery Index: Arizonians to pay $764 more on gas compared to last year

Metro Business Daily’s latest Gasoline Misery Index finds the average Arizonan will spend $764 more on gasoline compared to last year, higher than the $730 the average American will pay.

Economics

Chicago's Zgola: Gig economy now a 'much-desired career path'

In April 2021, Marcin Zgola, founder and CEO of Chicago-based company Wage Development Inc., authored an article in Forbes suggesting that the gig economy's growth had the capacity to replace the traditional workforce.

Economics

Security firm: Chinese company sponsoring Orlando conference suspected of 'collecting information'

Yealink, a video conferencing and voice communications company that has suspected ties to the Chinese government, is a platinum sponsor of the upcoming Enterprise Connect conference in Orlando, Fla., and representatives from the company are expected to attend the event from March 21-24.

Economics

Hoffman: 'Surging gas prices' cause increase in public transportation use in Phoenix

As gas prices continue to rise, more and more Phoenicians are relying on public transportation to get around.

Economics

Arizonans to spend average of $769 more on gas this year due to 'tight global oil market'

As gas prices continue to surge across much of the country, Arizona residents are expected to spend an average of at least $769 more on gas this year.

Economics

Sommers: Biden needs to 'confirm the United States’ role as a global energy leader' as gas prices rise

A new tool will help Arizona residents measure the actual financial impact rising gas prices are having on their income.

Economics

Nonprofit watchdog: Government policies 'supercharging' inflation

Experts have explored for several months the potential contributors to the high U.S. inflation numbers, but there has yet to be a sound consensus on the primary reason.

Economics

West Contract Manufacturing to expand operation in Walker, create new jobs to 'support our local communities'

West Contract Manufacturing plans to invest $6 million in its expansion project in West Michigan.

Economics

Boom Supersonic to invest $500 million; create 1,750 jobs with new Greensboro manufacturing plant

Boom Supersonic, an aviation company that produces supersonic commercial airliners, will bring a manufacturing and final assembly facility to Greensboro, creating more than 1,750 jobs by 2030.