More than 7.3 million rides taken on Albuquerque city transit services in 2024
Hazmat crew cleans up diesel fuel spill in southwest Albuquerque
Ridership has not fully returned to pre-COVID-19 pandemic levels, but ABQ Ride said the Zero Fair program that began three years ago has helped the numbers rebound. 'It shows we are still in demand, right? It shows there is still a need out there in the public, and we are just super excited to see ridership return the way it has,' said Deputy Director Bobby Sisners, ABQ Ride.
ABQ Ride said that on average, they have 28 people boarding buses for every hour of service. That's slightly less than Tucson, Arizona, but more than El Paso and Oklahoma City.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
an hour ago
- Forbes
Inflation Outpaces Wage Growth For Over 40% Of Americans
Topline Wage growth for a large swath of Americans is being outpaced by the rate of inflation, according to data from Indeed, which reported people with low- and middle-paying jobs are likely feeling the most pressure. US Federal Reserve Chairman Jerome Powell has said he would like to wait to see the impact of ... More President Donald Trump's tariffs before making changes to interest rates. (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) AFP via Getty Images Key Facts Purchasing power for 57% of U.S. workers increased last year, according to Indeed, leaving 43% lagging behind the rise in cost of living. While annual wage growth remains just above the annual rate of inflation, which grew to 2.7% in June, 'the gap between the two is the narrowest it's been in 12 months' Indeed added. Wage growth has usually remained faster than the pace of inflation during periods of normal market conditions in the last few years, according to data from the Atlanta Fed's wage growth tracker. As 'jobs at the low-to-middle end of the pay spectrum' are likely feeling the crunch of reduced purchasing power, wages of higher-paying jobs have typically grown the fastest in the past year, though Indeed notes annual growth among those jobs have receded in recent months. Get Forbes Breaking News Text Alerts: We're launching text message alerts so you'll always know the biggest stories shaping the day's headlines. Text 'Alerts' to (201) 335-0739 or sign up here. Contra Overall wage growth remains 'healthy and above inflation,' Indeed noted, even though many low- and middle-wage jobs have experienced pay increases at or below the pace of inflation. What Kinds Of Jobs Have The Fastest-Growing Wage Growth Since Last Year? Jobs in electrical engineering topped Indeed's list of fastest-growing wages with a 'much higher-than-average annual advertised pay growth of 6.3%' Wage growth of electrical engineering jobs was followed by legal (5.1%), marketing (5.1%), project management (4.6%), mathematics (4.5%) and IT operations (4.4%). What Kinds Of Jobs Have The Slowest-Growing Wage Growth Since Last Year? Physicians and surgeons led the way in slowest growing wage growth with a 0.8% increase since last year, which was followed by driving jobs (1%). Other slow-growing categories include arts and entertainment (1.2%), software development (1.4%), beauty and wellness (1.6%) and logistic support (1.7%). What To Watch For The impact of President Donald Trump's tariff policy on American households. A Yale University report published this month found the president's policy could cost U.S. households an additional $2,400 this year as tariffs may potentially trigger a 1.8% increase in short-term prices for consumers. The tariffs could cause other economic impacts, such as a rise in the unemployment rate and a drop in the U.S. gross domestic product. Key Background Low-paying jobs experienced their largest wage gains as the economy charged back from the throes of the COVID-19 pandemic's early days, with annual growth spiking as high as 7.5% in October 2022, according to the Atlanta Fed's wage growth tracker. That rate of wage gains dropped to 3.7% last month. June's 2.7% inflation rate was the highest level since February. Trump has pushed Federal Reserve Chair Jerome Powell to cut interest rates as inflation has approached the Fed's long-term target of 2%, but the Associated Press notes the current inflation figures will 'make it more likely that the central bank will leave rates where they are,' citing Powell's desire to understand the impact of Trump's tariffs before making any moves. Further Reading Trump's New Tariffs Could Cost Households $2,400 This Year, Analysis Finds (Forbes) Inflation Rose More Than Expected Last Month As Trump's Tariffs Raise Prices (Forbes)
Business Wire
an hour ago
- Business Wire
Gilead Sciences to Release Second Quarter 2025 Financial Results on Thursday, August 7, 2025
FOSTER CITY, Calif.--(BUSINESS WIRE)--Gilead Sciences, Inc. (Nasdaq: GILD) announced today that its second quarter 2025 financial results and guidance will be released on Thursday, August 7, 2025 after the market closes. At 4:30 p.m. Eastern Time that day, Gilead's management will host a webcast to discuss the company's second quarter 2025 financial results and provide a business update. A live webcast will be available in the Investors section of and will be archived there for one year. About Gilead Sciences Gilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, and cancer. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, California. For more information on Gilead Sciences, please visit the company's website at follow Gilead on Twitter (@GileadSciences) or call Gilead Public Affairs at 1-800-GILEAD-5 or 1-650-574-3000.
CNBC
an hour ago
- CNBC
Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions
Tesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck The company's digital assets are currently valued at $1.24 billion. That's up substantially from $722 million a year ago. But anyone who's been following the crypto market knows that the figure represents a lost opportunity amounting to billions of dollars in missed gains for the electric vehicle maker. Bitcoin is trading near a record and is up 80% over the past year. Tesla sold 75% of its holdings in mid-2022, when the digital currency was trading at a fraction of its current price. While CEO Elon Musk has made clear that the future of his electric vehicle company is about robotaxis and humanoid robots — not about crypto investments — the business in its current form is struggling and could use the cash boost. Tesla reported a second straight drop in auto revenue in its earnings report late Wednesday, and came up short of Wall Street estimates. The stock plunged 8% on Thursday and is now down about 25% for the year, by far the biggest drop among tech's megacaps. Robotaxis and Optimus robots are huge and costly bets for Musk in markets with stiff competition and ever-changing dynamics. Tesla has also acknowledged that President Donald Trump's tariffs and the expiration of federal EV tax credits could hurt the company's core business in the coming quarters. Tesla's digital assets, meanwhile, are bolstering profitability. Gains from bitcoin in the second quarter amounted to $284 million in a period when total net income was $1.17 billion. The gains could have been much greater. In early 2021, Tesla invested $1.5 billion in bitcoin, banking on what the EV company called the digital currency's "long-term potential," and to add "more flexibility to further diversify and maximize returns on our cash." Musk had become a loud proponent of bitcoin online, and in January of that year, the currency skyrocketed 20% in a day after the Tesla CEO added #bitcoin to his Twitter (now X) bio. By mid-2022, the world was in a much different place. The Covid-era boom was gone, replaced by soaring inflation and rising interest rates, an equation that pushed investors out of risky assets. Tesla said in the second quarter of that year that it sold three-quarters of its bitcoin holdings, adding cash to its balance sheet at a time when equity and crypto markets were simultaneously plunging. Tesla lost about two-thirds of its market cap in 2022, and bitcoin fell by 60%. However, bitcoin has rebounded sharply since then, getting an added boost this year from the Trump administration's efforts to loosen regulations and its promise to create a strategic bitcoin reserve. Bitcoin is currently trading at over $119,000, up about sixfold from the end of the second quarter of 2022, the period when Tesla made its big move out. Had Tesla held onto all of its bitcoin, that stash would be worth roughly $5 billion, based on estimates of how much it bought in 2021, instead of $1.24 billion. The $936 million worth of bitcoin the company converted to cash would currently be valued at over $3.5 billion. Tesla didn't respond to a request for comment. As for Musk, he's hardly said anything about bitcoin on his social network X in the past three years. In March of 2022, shortly before Tesla began dumping bitcoin, he wrote regarding cryptocurrencies, "I still own & won't sell my Bitcoin, Ethereum or Doge fwiw."
