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Inflation hits 4.2% and Trump claims to ‘Love it,’ 17 Oregon counties now in drought, Microsoft planning cuts to Xbox division, Tesla robotaxis spotted in Bellevue and Seattle, OpenDoor cuts 200 Indian workers in favor of AI programs, surplus tax in Boise creates room for lower property tax.

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PNW Market Look

As of market close 6.10.26

Headline Roundup

Trump says ‘I love the inflation’ after consumer price index hits 3-year high (CNBC)
300 apartments coming for one of Boise’s last big open lots on the Bench (IDS)
“Inadequate”: King County blasts KCRHA recovery plan after $13M goes unaccounted for (KVI)
Amazon Is the Latest AI Giant to Sign a Blockbuster Deal With This Under-the-Radar Semiconductor Company (Behind Nvidia and Meta) (Yahoo)
Amazon says Graviton5 cpu is now generally available to customers (alpha)
PacificSource Health Plans is laying off 130 employees. Officials call current market conditions unsustainable amid rising costs. (COD)
Xbox Plans Significant Layoffs as New CEO Plans Overhaul (BBG)
Oregon Governor Tina Kotek has declared a drought emergency for five more Oregon counties, bringing the total now to 17 under drought emergency. (KATU)
Starbucks Said to Mull Options in Japan Including Stake Sale (BBG)
Bothell hotel trades for over $16M (DJC)
More Montanans cast ballots in this election than any other midterm primary (MTFP)
$3 million surplus lowers proposed tax increase for Boise homeowners (IDP)
Bezos, Cook, Altman, Zuckerberg, more teed up for annual Sun Valley gathering of media and tech. leaders (BD)
Port of Ridgefield moves forward with 41-acre waterfront project (PBJ)
Amazon moves ahead on massive Oregon solar farm amid tech scramble for clean energy (PBJ)
Massive clean energy project caught in legal crosswinds at WA Supreme Court (WSS)
Vulcan said to land buyer for 2 Bellevue office towers in $650 million deal (PBJ)

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Community Highlight

Oregon utility regulators delay PGE’s data center rate increase for a month (OPB)

“The Oregon Public Utility Commission, which regulates and approves rates for major electric and gas utilities in the state, said on Wednesday it needs more time to go over a nearly 200-page file submitted by PGE to ensure its proposed rates are accurate and consistent.

Last week the PGE said it planned to increase rates for data centers by 29%, while reducing rates for residential and commercial customers.

The commission’s delay comes as it begins to implement the state’s POWER Act, which created a new rate class for data centers, cryptocurrency and other large industrial energy users, and requires them to pay their share of electricity and for their use of the electrical grid. The law passed last year.”