News

ASU study reveals groundwater generates 43 percent of state GDP

According to a study conducted by the Seidman Research Institute, Arizona’s groundwater use was responsible for generating about $1.2 trillion into the economy from 2010 to 2018 in the state’s five most populous regions: Phoenix, Tucson, Prescott, Pinal County, and Santa Cruz County.

Valley mother worries about homelessness as eviction crisis looms

Real estate expert says January and the months that follow could be unprecedented when it comes to evictions in the U.S.

ASU inducts 4 new members into W. P. Carey School of Business hall of fame

A pharmaceutical executive, a career entrepreneur, an Arizona attorney, and an NFL executive have been inducted intot the W. P. Carey School of Business Alumni Hall of Fame.

Shops in Old Town Scottsdale shift focus as more consumers buy online

The emphasis on online shopping is part of a national trend, according to Supply Chain Management Professor of Practice Hitendra Chaturvedi.

Pandemic alters but won’t stop Christmas shopping

Despite the pandemic’s economic fallout, holiday shopping sales will remain relatively consistent this year compared to 2019, according to Supply Chain Management Professor of Practice Hitendra Chaturvedi.

Amid COVID-19 pandemic, local businesses hope online sales will help them stave off disastrous year

Supply Chain Management Professor of Practice Hitendra Chaturvedi tells Fox 10 Phoenix that even after the pandemic, there will be no going back, as e-commerce will overtake in-person shopping.

ASU economist: Pandemic, government response muddy economic outlook

KJZZ's The Show spoke with ASU economist Bart Hobijn about how challenging it is to look ahead when we remain in the eye of the pandemic’s storm.

Luxury housing market booming in Arizona

Real estate has been strong for several reasons. One is that unique, high-end homes are attracting wealthy people to the state because the pandemic has made living in the Valley more attractive to those who have the flexibility and money, according to real estate expert Mark Stapp.

ASU forecast: Arizona, U.S. could be back near economic normal in 2021

Economists predict local and nationwide economies could get back to business as usual in the new year if a vaccine stops the spread of COVID-19 and Congress supports a stimulus plan to keep the rebound going.

Can consumers form emotional bonds with objects? ASU professor says yes

During the pandemic, many people want to be with loved ones — and can’t. Professor of Marketing Naomi Mandel says consumers who feel socially isolated often buy nostalgic items, which is an example of what she calls ‘compensatory consumption,’ in her new research.