Phoenix seems to be making strides towards winning the battle against inflation compared to other cities. Recent data shows that when rental prices decrease, overall inflation tends to follow suit. In Phoenix, consumer prices rose by 2.6% from April 2023 to last month, which is slower than the national average of 3.4% and lower than
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Virginia Beach recently entered the municipal bond market to secure funding for a surf park development project supported by Pharrell Williams. The Virginia Beach Development Authority successfully priced approximately $189 million in debt, with the bond proceeds going towards the construction of various facilities for the Atlantic Park project. This includes a 3,500-person entertainment venue,
Chinese authorities have recently announced new measures to support state-owned enterprises in buying unsold apartments, aimed at providing more funding for developers to complete construction on pre-sold properties. This support marks Beijing’s latest effort to address issues in the massive real estate sector. The central bank of China has pledged to provide 300 billion yuan
In a move to tap into changing consumer behavior and preferences, Walmart is leveraging its grocery aisles to offer customers a more affordable meal option compared to traditional fast-food chains. The rising costs of eating out have prompted consumers to look for alternative dining options that are more budget-friendly. As a result, Walmart has seen
Under Armour, the athletic apparel retailer, has been facing some major challenges with a significant drop in sales in its largest market, North America. Sales plummeted by 10%, leading to a prediction of even worse trends in the current fiscal year. Additionally, the company witnessed a staggering decline in profits, with a more than 96%
The recent drop in mortgage rates to the lowest level since April has not made it any easier for buyers to afford homes in today’s housing market. Despite this drop, mortgage demand has only seen a marginal increase. According to the Mortgage Bankers Association, total mortgage application volume went up by a mere 0.5% from
Many state and local governments are currently facing a legal battle regarding the redemption or refunding of their Build America Bonds (BABs). These bonds, which were authorized as part of a stimulus program during the Obama administration, allowed issuers to sell taxable bonds and receive a subsidy from the federal government on the interest rates
The Colorado Legislature has concluded its session with accomplishments that lawmakers have deemed “nothing short of transformational.” Governor Jared Polis praised the magnitude of achievements made during this session, emphasizing that it has been the most significant since he took office in 2019. The session included the passing of a fiscal 2025 budget, school funding
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The restaurant industry has been facing challenges in recent times, with sales slumping and traffic declining as a result of a broader consumer slowdown. However, there are some notable exceptions to this trend, with certain fast-casual chains like Chipotle Mexican Grill, Wingstop, and Sweetgreen reporting strong sales this quarter. Interestingly, these chains are benefitting from