News
Record high coffee bean prices and rising utility bills squeeze local mom-and-pop coffee shop owners
2+ hour, 5+ min ago (312+ words) TUCSON, Ariz. (KGUN) " Coffee bean prices are hitting an all-time high, and local coffee shops are feeling the pinch of rising everyday costs. At a small mom-and-pop shop along Ruthrauff Road, Rodrigo Sanchez is struggling to keep up with stacking…...
Federal Reserve holds interest rates steady, projects one cut this year
3+ week, 2+ day ago (12+ words) KGUN 9...
The number that moves markets every month just got a new formula. Here's what changed.
1+ mon, 6+ day ago (401+ words) The Bureau of Labor Statistics recently changed how it analyzes raw data in its monthly jobs report, updating a formula known as the "birth-death model" starting in January. The birth-death model is designed to estimate jobs created by new businesses…...
AG Mayes says TEP's proposed rate hike could be cut; TEP warns lower return would impede investments
1+ mon, 3+ week ago (165+ words) TEP's proposal is blatant corporate greed plain and simple," the Attorney General said, adding that customers should not be forced to pay more than necessary to enrich TEP's shareholders." TEP's communications manager, Joseph Barrios, told me that the Attorney General's…...
What the federal interest rate cut means for you and the US economy
6+ mon, 3+ week ago (411+ words) The Federal Reserve cut interest rates this week by a quarter of a percentage point, a move aimed at boosting investment and job growth. While the weak job market makes a strong case for easing rates, current economic conditions " and…...
Cost of fresh produce set to rise as tariffs impact imports
7+ mon, 1+ week ago (296+ words) The cost of eating healthy is climbing as new tariffs on imported fruits and vegetables begin to impact grocery stores and restaurants, pushing prices higher for consumers. President Donald Trump has defended the move, saying higher tariffs will help boost…...
Economic uncertainty weighs on Tucson's growth prospects, say experts at forum
10+ mon, 1+ week ago (561+ words) CATALINA FOOTHILLS, Ariz. (KGUN) " As global economic uncertainty deepens, local experts say Tucson is feeling the impact"and may continue to for some time. At the annual Breakfast with the Economists event held Tuesday morning at the Westin La Paloma,…...
Unemployment drops as US economy adds 199, 000 jobs in November
9+ mon, 1+ week ago (254+ words) The United States economy added 199, 000 jobs in November as hiring increased a bit after taking a hit in October amid a massive autoworkers strike, according to data released'Friday by the Bureau of Labor Statistics.' That figure is below the monthly…...
Nogales tomato importers hope to hold off trade penalties
9+ mon, 1+ week ago (258+ words) NOGALES, Ariz. (KGUN) " Tomatoes are food for a huge slice of the Nogales economy but as tomato importers are worried a trade dispute could raise costs and drag down the industry. Nogales produce importers bring in all sorts of fruits…...