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ECONOMY
Report: Financial Fraud Could Cost Arizonans $4 Billion In 2025
By Jonathan Eberle | Financial fraud is emerging as one of Arizona’s most costly economic threats, with residents projected to lose more than $4 billion in 2025, according to a new analysis from the Common Sense Institute (CSI). The report, The Impact of Financial...
Arizona Job Market Contracts For Third Straight Month
By Jonathan Eberle | Arizona’s labor market continued to struggle in July, losing nearly 5,000 jobs and marking the state’s third consecutive month of employment decline, according to the latest data from the Bureau of Labor Statistics. The state shed 4,900 nonfarm...
Arizona Businesses Rank Among Top Borrowers With Nearly $700K Average Loan
By Jonathan Eberle | Arizona businesses are taking on some of the nation’s largest loans, according to a new study that analyzed Small Business Administration (SBA) lending data from 2021 through 2024. The report, compiled by Fleysher Law Bankruptcy & Debt...
Tax Group Predicts OBBB Will Cut Taxes, Create Jobs Across Arizona
By Ethan Faverino | The One Big Beautiful Bill Act (OBBBA) marks the most transformative overhaul of federal tax policy since the 2017 Tax Cuts and Jobs Act (TCJA). The OBBBA locks in the TCJA’s individual tax provisions, avoiding a tax increase for approximately 62%...
Autonomous Trucking Company Aurora Innovation Launches Phoenix Terminal
By Jonathan Eberle | Pittsburgh-based autonomous trucking company Aurora Innovation Inc. has officially opened a terminal in Phoenix, marking a significant step in the company's efforts to expand its commercial footprint beyond Texas. The newly operational site...
Small Business Optimism Climbs, But Labor Quality Concerns Persist
By Jonathan Eberle | Main Street confidence ticked upward in July, with the NFIB Small Business Optimism Index rising 1.7 points to 100.3, edging above its long-term average for the first time in months. The lift was driven largely by more owners reporting better...
Biggs Declares National Debt A Threat To National Security
By Ethan Faverino | Congressman Andy Biggs (AZ-05) has introduced a resolution in the U.S. House of Representatives formally recognizing America’s escalating national debt as a direct threat to national security. As the national debt surpassed $36.2 trillion in...
Intel Faces Backlash Over CHIPS Act Funding And National Job Cuts
By Ethan Faverino | Intel Corporation is under fire following its receipt of significant funding from the CHIPS and Science Act, followed by recent job cuts nationwide and hiring a new CEO with ties to the Chinese Communist Party (CCP). In November of 2024, the U.S....
EV Manufacturer Lucid Lowers Production Target, Misses Q2 Estimates
By Jonathan Eberle | Lucid Group, the electric vehicle startup known for its luxury Air sedan, disappointed investors after missing second-quarter earnings expectations and trimming its production forecast for 2025. The company reported $259.4 million in revenue for...
Phoenix Housing Market Enters Correction Phase After June Brings Price Drops
By Jonathan Eberle | The Greater Phoenix housing market continued its gradual reset in June 2025, signaling a clear shift in momentum from sellers to buyers according to a report from The Ravenscroft Group. Home prices dipped modestly, builders ramped up incentives,...
Rep. Blackman Urges U.S. Forest Service To Advance Resolution Copper Project
By Ethan Faverino | State Representative Walt Blackman, Chairman of the House Committee on Government, reiterated his strong support for the Final Environmental Impact Statement (FEIS) for the Resolution Copper project, completed by the U.S. Forest Service (USFS). In...
Maricopa County Ranks Among Arizona’s Best Places To Retire
By Ethan Faverino | Maricopa County has secured a spot among Arizona’s top destinations for retirees, according to a new study by SmartAsset. The study evaluated counties across the United States based on three key factors: tax-friendliness, access to medical care,...
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