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
-
1 week ago |
azcentral.com | Russ Wiles
Key economic indicators like GDP and consumer spending show mixed signals, with GDP declining but consumer spending growing. Employment remains relatively stable, though the jobless rate has slightly increased. Manufacturing activity is generally soft, but the stock market has shown signs of recovery.
-
2 weeks ago |
azcentral.com | Russ Wiles
UPS announced plans to lay off 20,000 employees globally, about 4% of its workforce, due to a "changing trade environment."The number of Arizona layoffs is not yet specified, but based on the global percentage, it could be around 265 positions. UPS employees in Arizona face layoffs as the global shipping company announced plans to reduce its overall workforce by 20,000 positions, citing a "changing trade environment" amid tariff uncertainty.
-
2 weeks ago |
azcentral.com | Russ Wiles
Salt River Project (SRP) plans to convert its Coronado Generating Station from coal to natural gas by 2030. The $100 million conversion requires approval from SRP's board and the Arizona Corporation Commission. While natural gas emits less carbon dioxide than coal, critics argue for renewable alternatives like solar and wind power.
-
2 weeks ago |
azcentral.com | Russ Wiles
A top Trump Administration official visited the Taiwan Semiconductor Manufacturing complex in north Phoenix on April 29 to help the company break ground on its third factory or “fab” at the site. The visit by Commerce Secretary Howard Lutnick was the latest in a string of landmark developments in recent months for the advanced-technology hub. TSMC late last year began commercial production of chips at its first fab, then finished its second Phoenix fab earlier this month.
-
2 weeks ago |
azcentral.com | Russ Wiles
California's GDP now surpasses Japan's, making it the world's fourth-largest economy. Arizona's economy would rank 27th globally and 16th among U.S. states. California flexed its muscles in April, proclaiming that it has officially surpassed Japan as the fourth-largest economy in the world, trailing only three nations: the United States, China and Germany. California used the opportunity to take a jab at President Trump and his tariff policies.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →Coverage map
X (formerly Twitter)
- Followers
- 2K
- Tweets
- 1K
- DMs Open
- No
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.