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Oregon Business News
Diesel Prices Hit Records in Parts of Oregon as Oil Surges Above $100
Diesel prices are reaching record levels in parts of Oregon as fuel costs rise sharply across the country, with the state's average now approaching its all-time high.
Oregon Diesel Prices Hit New Highs
According to AAA, Oregon's…
Strong U.S. Jobs Report Masks Tech Weakness as Oregon High-Tech Jobs Stay Below Peak
A strong U.S. jobs report released this week appears to show the labor market performing far better than expected. But a closer look at where those jobs were added reveals a more complicated picture- one that raises questions about the…
Oregon Diesel Prices Climb Above $6.25 as National Average Hits Record High
Diesel prices have reached a new national record, with the average U.S. price climbing to $5.9015 per gallon on September 7, according to AAA. But Oregon is experiencing an even sharper increase, with the state's average diesel price…
PGE Customers Get Small Rate Cut as Oregon Cost of Living Rises Above U.S. Average
Oregon households served by Portland General Electric are seeing a modest reduction in electricity rates, while new federal data shows that the state's overall price levels have moved above the national average.
The changes come as…
Oregon Giant Nike to Be Dropped From S&P 100 After Stock Sinks Nearly 80%
Oregon-based Nike is losing its place in one of Wall Street’s most closely watched stock indexes after a nearly 80% collapse in its share price from its 2021 record high.
Nike’s removal from the S&P 100
According to S&P…
Washington County Will Not Pause New Data Center Projects for Now Despite Oregon-Wide Concerns
WASHINGTON COUNTY, Ore. — Notwithstanding several moratoriums on data centers by counties in Oregon, Washington County decided on Tuesday not to move forward with a similar intervention.
Washington Data Centers: County Forgoes…
Lam Research Semiconductor Expansion Could Bring 450 R&D Jobs and 1,400 Construction Jobs to…
Lam Research has broken ground on a major expansion of its research and development operations in Tualatin, strengthening Oregon's position in the semiconductor industry and bringing hundreds of new jobs to the region.
Tualatin…
Oregon Home Sales Drop 8.9% as Western U.S. Housing Market Slows
Pending home sales have dropped in most US states, specifically the Northeast, South, and West, while the number of actual home sales in Oregon also dropped- by 8.9%.
Number of National Home Sales Pending Drops
In a recent…
Meta to Pay Oregon $125 Million in Facebook and Instagram Child Safety Settlement
In a historic multistate agreement, Meta has agreed to redesign core parts of Facebook and Instagram around the safety of young users and pay $17.1 billion to 47 states and several U.S. territories. Oregon's share will be $125 million over…
Oregon Ranchers Warn Trump’s Cheap Beef Import Plan Could Undercut Local Producers
President Donald Trump’s announcement that he plans to allow imports of up to 300,000 metric tons of ground beef products over the next three months without the standard out-of-quota tariff has been met with dismay by Oregon ranchers.…