UArizona, NAU work to boost semiconductor industry

The University of Arizona and Northern Arizona University have formalized a new agreement to boost the state's semicondctor industry. The two universities, along with industry partners, will collaborate on research projects and academic partnerships related to semiconductor manufacturing. The agreement also encourages the two schools to share research space and equipment.

Inflation in U.S. expected to drop to lower level

Americans are feeling more optimistic about inflation in 2024. According to a Federal Reserve Bank of New York survey, consumers from 1,300 households surveyed say they expect prices to keep cooling, and the median expectation is that inflation will be up three percent a year from now, which, if it happens, will mark the lowest level in three years.

Despite opinions on US economy, holiday shopping continues

More than 75% of Americans say the economy is in bad shape, but despite uncertainty over the economy, more Americans than expected hit the stores for the holiday weekend. FOX's Mills Hayes is at the Mall of America for a look at holiday shopping madness.

As the economy is on the upturn, who's feeling the impact?

It was another good day on Wall Street, but how is the economy for people who aren't invested in or focused on the stock market? There are some indicators that things are getting better in areas like rent, gas prices, and food prices, but is anyone feeling it yet? FOX 10's Linda Williams has more.

Grand Canyon to stay open if government shuts down

Arizona Gov. Katie Hobbs says the state is prepared to keep the Grand Canyon open as a federal government shutdown looms. Funding from the Arizona Lottery would make it possible to keep the Grand Canyon open. Hobbs says keeping the Grand Canyon open will guarantee Arizonans working in the park, and the thousands who depend on the tourist activity it generates are not affected by political gridlock.

U.S. national debt hits record $33 trillion

The national debt – which measures what the U.S. owes its creditors — hit $33.04 trillion as of Monday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion.

Gov. Hobbs talks economy at computer chip plant

Governor Katie Hobbs spoke on the state's economy at a TSMC computer chip plant that is under construction. Hobbs announced stricter safety measures to keep workers safe and spoke on a workforce accelerator program through local colleges. Hobbs' visits came after TSMC announced the delay of the opening of their Phoenix facility until 2025 due to a lack of skilled workers.

Arizona real estate landscape is changing after bank failures

While the market was bracing for higher mortgage rates as the Feds try to cool a hot economy, the failures of Silicon Valley Bank and Signature Bank changed that, and mortgage rates are now on the decline all of a sudden. That could translate into a good thing for the real estate market in the Phoenix area. FOX 10's Linda Williams reports.

More people picking part-time work, report shows

An interesting trend is showing up in the government's jobs reports, as it shows more people are picking part-time jobs on purpose, even as hotels and restaurants struggle to find workers. Reporter Madeleine Rivera reports.