Business
900 families to be evicted from Florida mobile home park
Park authorities reported that the closure is part of a community development plan that seeks to modernize the area
Business
The Latest
Business
U.S. sells stockpiled oil to China despite Strategic Petroleum Reserve at lowest level since 1985
Every House Democrat voted against a ban on selling oil from the SPR to China. Rep. David Valadao (R-Calif.) offered a motion in the House last week to "...prohibit the sale of oil drawn from the Strategic Petroleum Reserve... for export to China,"
Business
Southern Comfort: Gas prices drop in the South, but remain high in New England and on Pacific Coast
AAA’s map shows the lowest prices in the country within the South, with the majority of the states in that region showing prices below $4 per gallon. Prices in the west, New England remain elevated.
Business
London-based bank sets up internal Chinese Communist Party Committee to appease Beijing
London-based HSBC, Europe’s second-largest lender, recently established a CCP committee in HSBC Qianhai Securities, a joint venture it launched with Qianhai Financial Holdings, a Chinese financial services company
Business
DeSantis Victory: Florida unemployment rate in June drops to 2.8%
Florida’s unemployment rate in June dropped to 2.8% despite national economic challenges including 41-year high inflation. The statewide unemployment rate declined or held steady for 23 consecutive months through June
Business
Phoenix, Arizona market sees sharp increase in homes for sale
The available housing stock is increasing in the Phoenix metro area at rates not seen by the rest of the country
Business
Competing with China: Texas aims for more Samsung semiconductor plants
Texas could become home to even more semiconductor manufacturing facilities than originally thought, Gov. Greg Abbott's office said this week
Business
New Jersey on the move: Transit system gets capital investment staffing boost
Directors for the board of the New Jersey transit system are pushing $2.64 billion into the coming year’s capital investments, and $10.1 million into additional operational staffing.
Business
Ford plans to lay off 8,000 workers to fund electric vehicle push: report
The rumors of cuts come after Ford announced plans last fall to open new electric vehicle plants in Tennessee and Kentucky
Business
Tesla gets rid of 75% of its bitcoin holdings
Elon Musk’s company got rid of 75% of its Bitcoin, worth about $2 billion at the end of 2021
Business
Inflation negatively impacting Arizona small businesses
Inflation remains a major concern for small business owners nationwide, including Arizona, a survey from the National Federation of Independent Business recently found