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Fed's rate hikes likely to cause a recession, research says

When inflation soars, as it has for the past two years, the Fed typically responds by raising interest rates, often aggressively, to try to cool...

Downtown Portland's high-profile Heathman Hotel under contract to sell

An East Coast investment trust continues to sell off its Portland hotels. The latest deal by Pebblebrook Hotel Trust (NYSE: PEB) is the...

Retail sales jump as Americans defy inflation and rate hikes

The government said Wednesday that retail sales jumped 3% in January, after having sunk the previous two months. WASHINGTON — America's consumers rebounded last...

US inflation slows to 6.4%, but price pressures re-emerge

Businesses, under pressure to raise wages, often pass along the added labor cost to consumers with higher prices, fueling inflation. WASHINGTON — The pace...

Portland-raised NFL Star Ndamukong Suh talks NFC Championship, Suh Family Foundation and BAES Fried Chicken

Suh signed with the Philadelphia Eagles back in November. The Eagles will host the San Francisco 49ers Sunday. "This will be my third one, it's...

DOJ, states sue Google over digital advertising dominance

The Justice Department and several states are accusing Google of unlawfully monopolizing the way ads are served online by excluding competitors. WASHINGTON — The...

Amazon launches low-cost subscription service for prescription drug

Amazon said people will pay $5 a month to fill as many prescriptions as they need from a list of about 50 generic meds. ...

Downtown Portland Ritz-Carlton tower condo goes for nearly $8M

The 34th-floor condo is one of eight that are unfinished. It'll feature 3 bedrooms and 3 and a half bathrooms inside 4,000 square feet. ...

Portland-area software makers to merge, creating 730-employee company

Exterro has a platform aimed legal governance, risk and compliance, and Zapproved has a platform for e-discovery used by more than 350 corporate legal teams....

The number of $1M earners is surging. Here's how many Oregon added

There were 5,520 Oregonians with incomes of $1 million or more who filed 2020 tax returns. PORTLAND, Ore. — Oregon's ranks of residents making...

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