The U.S. will probably avoid a recession during the next two years, so long as the Federal Reserve doesn’t raise interest rates more than it has said it plans to, according to a forecast. Despite some signs of weakness, the U.S. economy continues to move forward thanks to the fiscal …
Read More »Land sale for high-speed rail station approved
Rancho Cucamonga and the San Bernardino County Transportation Authority have approved the sale of property, owned by both entities, that will be home to the Inland Empire’s first high-speed rail station. Brightline West, a privately owned intercity rail service in Miami, will develop Cucamonga Station on the five-acre site at …
Read More »Cardenas announces food bank donation
Cardenas Markets Foundation has donated $50,000 to 25 food banks in areas where the Hispanic supermarket chain operates. The Coachella Valley Rescue Mission, Community Action Partnership of San Bernardino County, Corona/Norco Settlement House and Inland Valley Partners are among the agencies that received $2,000 donation, according to a statement. “We …
Read More »Another cash dividend for CVB Financial
CVB Financial Corp. has announced a 20-cents-per-share cash dividend for the third quarter. That’s an increase of one cent per share compared with the second quarter of this year, and it represents the Ontario company’s 132nd consecutive quarter of paying a dividend to its shareholders, according to a statement on …
Read More »Newsom continues battle against California’s chronic homelessness
Two bills signed by the governor last month are expected to make it easier to get housing built in commercial areas. Funding is also being provided for some “shovel ready” projects statewide to help get them built faster. Gov. Gavin Newsom has signed two bills intended to help ease …
Read More »Desert Water Agency augments grass removal program
The Desert Water Agency, a nonprofit that manages groundwater in the Coachella Valley, has added $2 million to its grass removal program, according to a statement. The program, which the agency started in 2014, began the 2022-23 fiscal year on July 1 with $1.65 million, nearly 80 percent of which …
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