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Oregon Business News
Oregon Giant Nike Stock Sinks to Lowest Level Since 2013 as China Sales Plunge 26% and More Job Cuts…
Nike is preparing for workforce reductions as it begins a major restructuring of its global operations after forecasting declining revenue for fiscal 2027.
Nike Shares Tumble as Sales Outlook Worsens
The sportswear company…
Federal Hemp Ban Could Wipe Out Most of Oregon’s CBD Industry by the End of the Year
The proposed federal government ban on hemp products containing more than 0.4mg of THC or other intoxicating cannabinoids could wipe out most of Oregon’s CBD industry by the end of 2026.
Senators opposed to the ban say the proposal could…
Oregon Loses 2,800 Federal Jobs as Trump Downsizing Push Drives Workforce to Lowest Level Since 1990
Oregon’s federal workforce has fallen to its lowest level since at least 1990, with about 2,800 federal jobs disappearing since President Donald Trump returned to office, according to recent state and federal workforce data.
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Nearly 68,000 Oregon Workers Hold Jobs Highly Exposed to AI Disruption, Study Finds
A frighteningly long list of occupations highly exposed to potential AI disruption has been revealed, covering nearly 68,000 people in the Oregon workforce.
Although only 3.44% of the Oregon workforce falls under high exposure…
More Than 1 Million Oregonians Could Face 6.3% Electricity Rate Hike After Court-Ordered Salmon…
More than 1 million Oregonians served by consumer owned utilities could face higher power bills if the Bonneville Power Administration moves ahead with a proposed rate increase of up to 6.3%, following a federal court order requiring…
Oregon Mortgage Rates Rise Above 7.2% as U.S. Borrowing Costs Keep Climbing
Homebuyers are facing higher borrowing costs as mortgage rates continue to rise, with the national average for a 30-year fixed-rate loan approaching 7%.
National Mortgage Rates Approach 7%
The weekly average rate on a 30-year…
Oregon and Washington Face Major Grid Buildout as Northwest Electricity Demand Could Double
The Pacific Northwest could need as much as twice its current electricity supply over the next two decades as data centers, electric vehicles, buildings and industry drive demand higher, according to a draft regional power plan.
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Lonza Breaks Ground on $235 Million Bend Expansion With More Than 700 Jobs Expected
BEND, Ore. — An expanded biotech manufacturing facility in Bend will create more than 80 high-wage permanent jobs and 650 construction jobs.
In a Sept. 14 press release, Governor Tina Kotek announced the start of the project, which she…
New Geothermal Deal Could Deliver Enough Power for More Than 2 Million Homes Across Oregon and…
A renewable-energy developer is moving to tap Oregon’s geothermal potential under a new deal covering nearly 150,000 acres of Weyerhaeuser timberland in Oregon and Washington, with the companies saying the sites could eventually support…
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…