The Federal Deposit Insurance Corporation (FDIC) reported that commercial banks and savings institutions saw a decrease in net income of 70 percent from a year ago, while liquidity and capital levels remained very strong to meet loan demand and absorb any losses in the future. For the 5,066 commercial banks and savings institutions insured by the FDIC, aggregate net income … [More]
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70% Decrease in Banking Institution Net Income in Q2 Compared to 2019
Federal Deposit Insurance Corporation
U.S. Single-Family Rent Prices Downshift Again in June, Metro Phoenix Tops Lists
CoreLogic
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across more than 80 metropolitan areas. Data collected for June 2020 shows a national rent increase of 1.4% year over year, down from a 2.9% year-over-year … [More]
Guidance Issued to Clarify Employers’ Obligations to Track Teleworkers’ Compensable Hours
U.S. Department of Labor
With telework arrangements expanding in response to the coronavirus pandemic, the U.S. Department of Labor’s Wage and Hour Division (WHD) today issued Field Assistance Bulletin 2020-5 to clarify an employer’s obligation to track the number of hours of compensable work performed by employees who are teleworking or otherwise working away from premises controlled by their … [More]
July U.S. Jobless Claims Higher than 2019, Lower than June 2020
U.S. Bureau of Labor Statistics
Unemployment rates were lower in July in 30 states, higher in 9 states, and stable in 11 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. All 50 states and the District had jobless rate increases from a year earlier. The national unemployment rate fell by 0.9 percentage point over the month to 10.2 percent but was 6.5 points higher than … [More]
Arizona State Fair Is Cancelled due to COVID-19 Concerns
Arizona State Fair
The Arizona Exposition & State Fair Board today announced their decision to postpone the 2020 Arizona State Fair. After reviewing information from staff, seeking guidance from the Arizona Department of Health Services and analyzing all of the options, the Board voted unanimously to postpone the event due to COVID-19. “As a self funded state agency, this decision to … [More]
TESTING: Free COVID-19 Saliva Testing Available
State of Arizona Office of the Governor
The Arizona Department of Health Services and ASU Biodesign have partnered to make available COVID-19 saliva testing for Arizonans. It’s quick, easy and free. Testing is available this morning in Tempe and Tucson. Details: Tempe Testing Where: Tempe Diablo Stadium - 2200 W Alameda Dr, Tempe, AZ 85282 When: 6:30 AM – 9:30 AM How: Pre-registration is required Tucson … [More]
Weekly Jobless Claims Back Over a Million, Increase of 135,000
U.S. Department of Labor
In the week ending August 15, the advance figure for seasonally adjusted initial claims was 1,106,000, an increase of 135,000 from the previous week's revised level. The previous week's level was revised up by 8,000 from 963,000 to 971,000. The 4-week moving average was 1,175,750, a decrease of 79,000 from the previous week's revised average. The previous week's average was … [More]
Suites Not Constructed for Different Kind of Phoenix Open in 2021
The Thunderbirds
Over the last five months, the world has been rocked by unprecedented challenges due to the COVID-19 pandemic. As the hosts of one of the leading community-driven sporting events in the world, The Thunderbirds are doing everything in our power to continue to lead community involvement through the Waste Management Phoenix Open and the hundreds of charities that we … [More]
Arizona Rent and Mortgage Relief Grant Program Accepting Applications Aug. 20
Local First Arizona
The Governor’s Office is partnering with Local First Arizona Foundation to launch the Arizona Small Business Rent and Mortgage Relief Grant program and distribute $10 million in grants to small businesses who have had to shutter their doors during this pandemic. The partnership leverages the grantmaking experience and small business expertise of Local First Arizona Foundation, … [More]
Amazon to Add Thousands of Jobs to Phoenix Metro Area
Amazon
Amazon.com, Inc. (NASDAQ: AMZN) today announced 11 new sites across the Phoenix metro area expected to be open by the end of 2020 to support customer fulfillment and delivery operations. The new sites are expected to create more than 3,000 new full- and part-time jobs with a minimum $15 per hour wage and comprehensive benefits starting on day one. The news follows Amazon’s … [More]
En Negocios | Liderazgo |
EN NEGOCIOS: ¿Quién está a cargo del jefe? 4 consejos que todo empresario ocupado debe considerar para balancear el trabajo y un estilo de vida saludable durante COVID-19
por Edgar R. Olivo
Los dueños de negocios son personas ocupadas y las personas ocupadas a veces agregan muchas actividades que pueden consumir su tiempo precioso para el cuidado personal. Después de haber pasado muchos años comprendiendo el valor del autocuidado como una estrategia para lograr el éxito, resulta que tomarse un descanso e invertir tiempo en el autocuidado tiene mucho que ver con lo … [More]
Who Is Taking Care of the Boss? 4 Tips Every Busy Business Owner Should Consider to Balance Work and a Healthy Lifestyle during COVID-19
by Edgar R. Olivo
Business owners are busy people, and busy people tend to add on a lot of activities that can eat away at precious self-care time. Having spent many years understanding the value of self-care as a strategy to achieve success, I’ve learned taking a break and investing time in self-care has a lot to do with how productive, focused and energetic a business owner can be to lead a … [More]
Amazon Plans to Create 500 New Jobs in Phoenix as Part of National Tech Hub Expansion
Amazon
Amazon announced plans to create more than 500 new tech and corporate jobs in Phoenix, Arizona, expanding the company’s corporate office in the city. Amazon’s growing teams in Phoenix support a variety of business across the company, including Operations and Retail. To accommodate its growth plans in the city the company will add more than 90,000 square feet of office space at … [More]
Tech Co. Moving Global Operations Hub & Headquarters to Phoenix Metro
Rick McCartney
ZorroSign, Inc., a global leader in blockchain-based digital signatures and digital transaction management, today announced the relocation of its worldwide headquarters to Phoenix, Arizona. “We’re very excited to establish our global operations hub in Greater Phoenix,” said Shamsh Hadi, CEO of ZorroSign. “The region offers a supportive ecosystem for a rapidly growing tech … [More]
$350,000 from AZ Coronavirus Relief Fund to Support Domestic Violence Shelters and Services
State of Arizona Office of the Governor
Governor Doug Ducey today announced $350,000 from the AZ Coronavirus Relief Fund has been allocated to 27 organizations in Arizona that provide shelter or support services to victims of domestic violence. The funds will be used to provide basic supplies, virtual services, transportation, medical exams, and adequate space for families in need of shelter while adhering to social … [More]
Be Alert About SBA Loan Email Phishing Scams
by Keith A. Bluestein, SBA Chief Information Officer
In the wake of emergency assistance available to help small businesses in response to the Coronavirus pandemic (COVID-19), the SBA is urging disaster loan applicants seeking federal aid to be alert to phishing campaigns and scams. These malicious actors are impersonating the SBA and its Office of Disaster Assistance to collect personally identifiable information (PII) for … [More]
Child Care Grant Program for Licensed Providers during COVID-19 Pandemic Announced
Arizona Department of Economic Security
Governor Doug Ducey and the Arizona Department of Economic Security (DES) announced today a Child Care COVID-19 Grant Program to provide more than $47 million of financial assistance to licensed child care providers to help cover costs during the COVID-19 pandemic. The assistance will support Arizona’s child care network, help providers to stay open or reopen, supplement the … [More]
Arizona One of the First to Extend Unemployment Benefits, Per President’s Executive Order
State of Arizona Office of the Governor
Arizona is partnering with President Trump and his administration to extend unemployment benefits to nearly 400,000 Arizonans, making our state one of the first in the nation ready to make these benefits available to unemployment recipients. Under an executive order signed by President Trump last weekend, Arizonans are eligible to receive unemployment benefits of $540 a … [More]
