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.
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.
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.
The new release of free COVID-19 nasal swab tests comes ahead of the first winter since the pandemic started that insurers are no longer required to cover the cost of them.
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.
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.
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.
The tax credit, called the Employee Retention Credit, was created to help small businesses keep paying their employees during the pandemic if they were suspended from operating.
Dr. Anthony Fauci said that while he does not foresee a federal mask mandate in the future, recommendations are likely if COVID-19 cases rise this winter.
Many cities have struggled post-pandemic. And, with talk of a looming recession, it's not always easy. But, Tempe is booming. Why?
Former White House chief medical adviser Anthony Fauci spoke out in defense of masking amid rising COVID cases, saying he is concerned people will not abide by recommendations.
Foreign Ministry spokesperson Wang Wenbin announced the change at a briefing in Beijing on Monday.
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.
Free COVID testing ends on May 11, but you'll still have access to tests with a few differences.
Federal Reserve Chairman Jerome Powell announced another interest rate hike on Mar. 22. The hike came following the collapse of two U.S. banks, which Powell reflected on, as well as the ongoing fight against inflation. FOX 10's Ellen McNamara has more.
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.
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.
The proposal comes as boosters have become a hard sell.
The Federal Reserve has decided to raise interest rates yet again, but this time, it is only going up by half a percentage point. This brings rates to their highest level since 2007.
Delivery company DoorDash is eliminating more than 1,200 corporate jobs, about 6% of its total workforce, saying it hired too many people when demand for its services increased during the COVID-19 pandemic.