Hudbay offered C$9.35 per ASCU share in an all-stock deal that would fold Arizona Sonoran’s Cactus project into Hudbay’s Copper World pipeline, targeting a big jump in U.S. copper output.

USAA Federal Savings Bank returned to profit in 2025 after years of losses and regulator scrutiny. The comeback will test whether fixes to controls really stick in San Antonio.

Pinnacle West posted $616.5M in 2025 as APS contended with record heat and surging demand. Regulators’ decisions this spring will shape how Arizona customers pay for new grid fixes.

Faraday signed a framework LOI to buy BHP’s San Manuel property and fold it into Copper Creek, giving BHP roughly 30% of Faraday while limiting BHP’s near‑term cash exposure. The deal is non‑binding and depends on due diligence, permits and a definitive agreement.

Whole Foods will occupy the former Big Lots at 17510 N. 75th Ave in Glendale, bringing the chain to the West Valley for the first time. Permits show exterior work was approved last year.

A landlord lockout closed Bar Smith and Monarch Theatre last week, emptying a key Washington Street block and prompting a $3.3M commercial listing. Owners say they plan to fight on and may move the liquor license.

Leslie’s closed 80 underperforming stores and an Illinois distribution center as it restructures after heavy losses. The Phoenix-based chain says the cuts will trim costs ahead of pool season.

Tempe-based Dutch Bros closed 2025 with $1.64B in revenue and $117.3M net income, and it plans an even larger expansion in 2026 with at least 181 new shops.

Cadre Holdings bought Peoria-based TYR Tactical in a $175M deal that includes cash, stock and a $30M property purchase.

Phoenix shifts focus from CAPEX rail project to high-capacity transit options on Indian School Road, seeking better alignment with west Phoenix community needs and engagement.

A state WARN notice shows Benchmark Electronics will cut 65 positions at its Phoenix manufacturing site, activating rapid-response support for affected workers.

Arizona added just 24,600 jobs in 2025 — the weakest annual gain in more than 15 years, with health care doing the majority of new hiring. The slowdown highlights a shift in which sectors are creating work in the state.

Hamra Jewelers has moved into a 13,000‑square‑foot Scottsdale flagship with Rolex and Patek boutiques, private tours and event spaces. The family-owned retailer aims to be a regional luxury destination.