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Russ Wiles

Phoenix

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.

Featured in: Favicon usatoday.com (+2) Favicon azcentral.com Favicon msn.com Favicon yahoo.com (+13) Favicon huffpost.com Favicon aol.com Favicon cnbc.com Favicon latimes.com Favicon usnews.com Favicon freep.com

Articles

  • 1 week ago | azcentral.com | Russ Wiles

    JBS meatpacking workers ratified their first national union contract, covering 26,000 employees at 14 plants. This agreement marks the first pension offered by a meatpacking employer since 1986. Employees at a meatpacking plant in Tolleson have ratified their first-ever national union contract in a deal that will boost average pay, enhance safety and add benefits including a pension plan, more vacation time and paid sick leave.

  • 1 week ago | azcentral.com | Russ Wiles

    Central Asia Metals, a British corporation, plans to acquire New World Resources, an Australian company, for $119 million. The acquisition includes two Arizona copper mining properties, Antler and Javelin, potentially creating new jobs. The Antler project is expected to produce approximately 33,000 U.S. tons of copper over 12 years. A British corporation has agreed to purchase an Australian company that owns two copper-mining properties in northwest Arizona.

  • 2 weeks ago | azcentral.com | Russ Wiles

    Arizona's wealthiest residents saw significant shifts in their rankings due to stock volatility. Ernest Garcia II and Ernest Garcia III, major Carvana shareholders, now top the Arizona wealth list after an $8 billion increase. Other notable gains include George Kurtz, Rick Smith, and the Horejsi family, while the Shoen brothers and Bennett Dorrance experienced losses.

  • 2 weeks ago | azcentral.com | Russ Wiles

    Salt River Project is developing a solar and hydropower project east of Mesa that could power up to 450,000 homes. The project will use a pumped storage hydropower system, releasing water from an upper reservoir to generate power during peak demand and using solar energy to pump the water back uphill during off-peak hours. The multibillion dollar project is expected to be operational by 2033, pending environmental and regulatory approvals.

  • 3 weeks ago | azcentral.com | Russ Wiles

    The traditional summer driving season kicks off Memorial Day weekend, and there’s both good and bad news in store for Arizona motorists. The good? Gasoline is significantly cheaper this year compared to the same time in 2024. The bad? Filling your tank in Arizona will cost more than in most other states around the nation. Motorist demand, taxes, underlying swings in the price of crude oil and proximity to refineries all influence gasoline prices.

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Russ Wiles
Russ Wiles @azmoneynews
5 Jan 22

Are you ready to share the road with a #driverless big-rig #truck? Ready or not, they're here. https://t.co/DGWI2tmpUQ

Russ Wiles
Russ Wiles @azmoneynews
5 Jan 22

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

Russ Wiles
Russ Wiles @azmoneynews
5 Jan 22

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.