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Phoenix

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  • The case for investing in Phoenix     Thursday, 12 Sep 2013 | 12:34 AM ET

    Greg Stanton, Mayor of Phoenix describes what kind of investment he hopes to attract in Phoenix.

  • Want a house? See what $1 million gets you Friday, 6 Sep 2013 | 4:48 PM ET

    Along with college, the cost of housing is rising fast. Home prices are up over 12 percent from a year ago, and even rising mortgage rates do not appear to be slowing the gains.

  • New homes could cost you more as lot prices climb Wednesday, 4 Sep 2013 | 4:25 PM ET
    A worker builds a new home at a housing development in Phoenix, Arizona.

    Finished lot prices are up an average of 40% nationwide, and in the hottest markets they've nearly doubled. USA Today reports.

  • President Obama's plan for Phoenix     Tuesday, 6 Aug 2013 | 1:06 PM ET

    Home prices are up 35 percent in Phoenix from where they were in September of 2011, and President Obama is sharing his proposal to dismantle Fannie Mae and Freddie Mac, with CNBC's Diana Olick. Shaun Donovan, Housing and Urban Development secretary; and Jaret Seiberg, Guggenheim Partners, discuss the impact to home ownership.

  • Don't Get Taken by Rising Home Prices, Shiller Warns Tuesday, 26 Mar 2013 | 3:51 PM ET
    Robert Shiller

    Housing data released Tuesday was mixed, prompting economist Robert Shiller to call the housing recovery positive in the short-term, but not without many headwinds.

  • Want a New Car? You Probably Can't Afford One Wednesday, 27 Feb 2013 | 9:08 AM ET
    A customer looks over a Ford Fusion parked on the lot at a dealership in Colma, Calif.

    Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.

  • Beef Price Spike Makes $1 Burger Harder to Stomach Friday, 1 Feb 2013 | 2:33 AM ET

    McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin.

  • Brace for Prolonged Grounding of Dreamliner Thursday, 24 Jan 2013 | 8:10 PM ET

    U.S. safety regulators are nowhere near finishing an investigation into a battery fire on the Boeing 787 Dreamliner, a top official said on Thursday, raising the prospect of a prolonged grounding for the aircraft.

  • UPDATE 2-U.S. home prices climb further in August Tuesday, 30 Oct 2012 | 2:37 PM ET

    *Home prices rise for 7th month in a row. NEW YORK, Oct 30- U.S. home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday.

  • UPDATE 1-U.S. home prices climb further in August Tuesday, 30 Oct 2012 | 1:28 PM ET

    NEW YORK, Oct 30- U.S. single-family home prices rose in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday. S&P 500 futures edged up following the data, but the stock market will be closed for a second day in a row in the wake of a powerful storm that hit the east coast.

  • Calif Latino grocery chain fights immigration woes Saturday, 27 Oct 2012 | 12:08 AM ET

    FRESNO, Calif.-- Two decades ago, Mi Pueblo Food Center began modestly as a small butcher shop run by an illegal immigrant. "We are feeling what is happening to us in a way that most companies might not, because we are founded by an immigrant and depend on immigrants to survive," said Perla Rodriguez, spokeswoman for the San Jose, Calif- based company.

  • Big jump in young adults moving out of state Thursday, 25 Oct 2012 | 9:20 AM ET

    The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.

  • *Dow down 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct. *Boeing dips after results, but Dow Chemical jumps on job-cut plans. The S&P 500 has lost 3.6 percent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies.

  • Oct 24- Nobel Prize-winning economist Joseph Stiglitz chided U.S. President Barack Obama and Republican presidential candidate Mitt Romney for not seriously addressing the troubled U.S. housing market during the recent series of presidential debates.

  • *Dow down 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct. *Boeing dips after results, but Dow Chemical jumps on job-cut plans. The S&P 500 has lost 3.6 percent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies.

  • *Dow down 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct. *Boeing dips after results, but Dow Chemical jumps on job-cut plans. The S&P 500 has lost 3.6 percent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies.

  • NEW YORK, Oct 24- Global shares fell on Wednesday as investors soured on another round of underwhelming corporate results, while the euro slipped on signs that the euro zone is heading toward a deeper recession than previously feared.

  • Knight Transportation's profit flat in 3rd quarter Wednesday, 24 Oct 2012 | 4:58 PM ET

    PHOENIX-- Trucking company Knight Transportation Inc. said the third quarter was tougher than expected, as high fuel prices and a weak economy hurt demand for freight-shipping, resulting in flat earnings. The company said Wednesday that its net income was $16.6 million, or 21 cents per share, virtually the same results as the 2011 third quarter.

  • Enrollment falling at for-profit colleges Friday, 19 Oct 2012 | 1:36 PM ET

    When the University of Phoenix, the country's largest university, announced this week it's closing 115 campuses and satellite locations, it signaled more than a sudden availability of commercial real estate near highway interchanges, where for-profit colleges like to set up shop as a student convenience.

  • AAA says Arizona gas prices up slightly Friday, 19 Oct 2012 | 10:52 AM ET

    PHOENIX-- As the national average for a gallon of gas has decreased, Arizona prices remain about the same, up. 2 cents to $3.71 per gallon since last week. Tucson and Flagstaff have the lowest and highest state fuel averages, at $3.47 and $3.90 per gallon, respectively.