Economy
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Yellen to tell Congress US banking system ‘remains sound’ By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation’s banking system “remains sound” and Americans can feel “confident” about their deposits. Yellen…
New statistics show how and why Wyoming’s outdoor recreation industry is attracting people and money – and how it’s contributing to the state’s bottom line. The Wyoming Outdoor Recreation, Tourism, and Hospitality (WORTH) Initiative at the University of Wyoming, in partnership with the Wyoming Office of Outdoor Recreation, has compiled a report to document several…
Disney to cut 7,000 jobs in Iger’s company ‘transformation’ By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger. The job cuts amount to about 3% of the entertainment…
Thanks to a sudden drop in the price of oil, Wyomingites can enjoy lower gas prices in February – but that’s no guarantee the downward trend will continue in 2023. Average gasoline prices in GasBuddy’save risen 2.3 cents per gallon in the last week, averaging $3.40/g today, according to GasBuddy’s survey of 494 stations in…
While 2022 wasn’t a return to pre-pandemic numbers, jobs were gained in many Wyoming industries in the last year – with mining and tourism-adjacent jobs leading the way. The Wyoming Department of Workforce Services analyzed employment trends between 2021 and 2022. From the third quarter of 2021 to the third quarter of 2022, Wyoming added…
Newly reelected Governor Mark Gordon is “humbled” and honored to have the support of Wyomingites as he prepares for another four years of leading the state through ongoing economic changes and federal oversight. Governor Mark Gordon handily won reelection in the 2022 General Election on Tuesday, Nov. 8. On Wednesday, Nov. 9, the governor released…
After the Bureau of Labor Statistics reported on Thursday that prices have increased more than expected to 0.4 percent in September, Wyoming Senator John Barrasso is weighing in on how this rise is affecting Americans. The Senate Republican Conference Chairman is warning that high prices are becoming “entrenched in our economy.” That number is greater…
By CHRISTOPHER RUGABER AP Economics Writer JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades. Powell acknowledged that the Fed’s continued tightening of credit…
Unemployment in Wyoming continues to slowly but steadily decline as all the state’s counties rebound from the lowest point reached at the height of COVID-19 in Summer 2021. The Research & Planning section of the Wyoming Department of Workforce Services released the state’s seasonally adjusted unemployment rate for July 2022. Once again, counties across the…
Despite the hostility toward “going green,” Wyoming is one of the most economical states to top off an electric vehicle. – but low on the list of the best states to own one. Zutobi, a website that offers driver’s education courses, researched the price of fully charging a Tesla Model 3 – currently the most…