
Russ Wiles
Contributor at USA Today
Business Writer and Columnist at The Arizona Republic
I cover Arizona business news, including large local companies, economic trends, investing, banking, taxes, nonprofits and more. Retweets are not endorsements.
Articles
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1 week ago |
clarionledger.com | Russ Wiles |Bonnie Bolden
Elon Musk regained the title of world's richest person with a net worth of $342 billion. Brothers James and Thomas Duff, with a net worth of $3.3 billion each, are Mississippi's richest people. A record 3,028 individuals made the Forbes 2025 billionaires list, with the average fortune at $5.3 billion.
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1 week ago |
azcentral.com | Russ Wiles
President Trump’s aggressive tariff proposals, revisions, delays and other shifts and intermittent bouts of uncertainty have unnerved investors, as underscored by a nearly 20% decline in leading stock market indicators in the days after he disclosed the first round of new import taxes on April 2. The swift reshuffling of the financial landscape has many people wondering if they should make changes to their investment holdings.
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1 week ago |
azcentral.com | Russ Wiles
Lucid Group announced it will purchase important facilities and assets that formerly belonged to Nikola Corp. and will offer jobs to more than 300 of Nikola’s displaced workers. The move links Arizona’s most prominent makers of electric vehicles. The agreement depends on approval by the U.S. Bankruptcy Court for the District of Delaware.
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1 week ago |
azcentral.com | Russ Wiles
Rising tariffs and economic slowdown are causing anxiety about a potential recession. Financial advisors recommend paying off debts, making necessary purchases before tariffs increase prices, and establishing an emergency fund. Improving job skills and reviewing credit reports are also suggested to prepare for potential economic hardship. Recessions aren’t fun. These are the times during the economic cycle when layoffs rise, businesses struggle and bankruptcies proliferate.
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1 week ago |
usatoday.com | Russ Wiles
Classic cars 📸 What to know 📋 Taxes 2025 🧾 💸 to your 📩 ECONOMYPersonal Finance and InvestingRising tariffs and economic slowdown are causing anxiety about a potential recession. Financial advisors recommend paying off debts, making necessary purchases before tariffs increase prices, and establishing an emergency fund. Improving job skills and reviewing credit reports are also suggested to prepare for potential economic hardship. Recessions aren’t fun.
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Are you ready to share the road with a #driverless big-rig #truck? Ready or not, they're here. https://t.co/DGWI2tmpUQ

The new year ushered in higher minimum wages in 26 states, including a new floor of $12.80 an hour in Arizona. Hard to believe but 19 states don't have a minimum, which means the federal rate of $7.25 an hour still applies. https://t.co/OAsg6kEmKY

A sign of the time as affluent Americans grow richer: Porsche Cars North America sold a record 70,000 vehicles in the U.S. last year, up 22% from 2020. Another sign of the times: Nearly one in seven of those deliveries were of electric vehicles.