Federal Reserve needs to start cutting interest rates, but that won't happen "until some point next year,” economist Anirban Basu told an industry webinar on July 26,
July 2023 will go in the record books for its remarkable persistent heat. Phoenix saw the mercury pass 100° F for 22 days in June, and so far in July, there have been 25 days where the high temperature never fell below 110°F. And on July 19, when the high temperature hit 119° F, the night low temperature never fell below 97° F.
Johnson Bros. Corp. says Charlotte caused delays and provided inadequate plans, while the city counters that it's owed millions from the Texas-based contractor it says failed to complete punch list items and performed "poor work."