The US government's debt has been downgraded. Here's what you need to know
The downgrade may have little impact on financial markets long-term or on the interest rates the U.S. government will pay.
The downgrade may have little impact on financial markets long-term or on the interest rates the U.S. government will pay.
CVS to lay off 5,000 employees as it seeks to cut costs
The Rhode Island-based pharmacy giant said in a statement that it is eliminating "a number of non-customer facing positions" throughout the company
The Rhode Island-based pharmacy giant said in a statement that it is eliminating "a number of non-customer facing positions" throughout the company
Why 'loud quitting' is not recommended by job experts (hint: grace and dignity are far better)
Human resources experts strongly caution against 'loud quitting' — here's why
Human resources experts strongly caution against 'loud quitting' — here's why
Wholesale used car prices dip to pre-pandemic levels, report finds
The decline in vehicle prices shows a change in the used car market, which has been affected in part by supply chain issues and increased consumer demand.
The decline in vehicle prices shows a change in the used car market, which has been affected in part by supply chain issues and increased consumer demand.
US inflation believed to have slowed in June in sign of easing price pressures
Some economists believe if inflation keeps slowing and the economy shows signs of improvement, a July interest rate hike could be the Federal Reserve's last.
Some economists believe if inflation keeps slowing and the economy shows signs of improvement, a July interest rate hike could be the Federal Reserve's last.
Fed may tighten financial rules after US bank failures, Powell says
The collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new regulations.
The collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new regulations.
States weigh charging by the mile as fuel taxes plummet
States have relied on gas taxes for more than a century to maintain the nation's roads
States have relied on gas taxes for more than a century to maintain the nation's roads
Biden vows to bring high-speed internet access to all Americans by 2030
President Joe Biden says high-speed internet is no longer a luxury but rather an “absolute necessity."
President Joe Biden says high-speed internet is no longer a luxury but rather an “absolute necessity."
Powell expects more Fed rate hikes because of persistently high inflation
Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market.
Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market.
Housing market in Austin 'crashing'?: FOX 7 Focus
In this FOX 7 Focus, Ashley Jackson, president of the Austin Board of Realtors, joins FOX 7 Austin's John Krinjak to discuss the current state of the Austin housing market and what's next.
In this FOX 7 Focus, Ashley Jackson, president of the Austin Board of Realtors, joins FOX 7 Austin's John Krinjak to discuss the current state of the Austin housing market and what's next.
Auto shops struggle to find trained mechanics amid national shortage: 'It's really getting scary'
There's only about half the number of auto mechanics needed coming out of technical colleges and training programs every year.
There's only about half the number of auto mechanics needed coming out of technical colleges and training programs every year.
Instant Pot maker seeks bankruptcy protection as sales go cold
Instant Pots, which became a must-have gadget several years ago, have been disappearing from kitchens.
Instant Pots, which became a must-have gadget several years ago, have been disappearing from kitchens.
Inflation cools sharply in May to 4%, lowest in 2 years
Last month marked the slowest pace of inflation since March of 2021.
Last month marked the slowest pace of inflation since March of 2021.
Biden signs debt ceiling bill, dodging default deadline
The debt ceiling bill averted the potential of an unprecedented government default that would have rocked the U.S. and global economies.
The debt ceiling bill averted the potential of an unprecedented government default that would have rocked the U.S. and global economies.
Job growth keeps Fed's eye on future interest rate hikes
Job growth held steady with an addition of 339,000 jobs in May, according to the latest Bureau of Labor Statistics (BLS) data. But a strong labor market could mean the Fed will keep raising interest rates, experts said.
Job growth held steady with an addition of 339,000 jobs in May, according to the latest Bureau of Labor Statistics (BLS) data. But a strong labor market could mean the Fed will keep raising interest rates, experts said.
Know any airplane mechanics? Wave of retirements leave some US industries desperate
A surge of retirements, along with a slowdown in immigration that began during the pandemic, are the primary factors behind the labor shortages that continue to bedevil many employers.
A surge of retirements, along with a slowdown in immigration that began during the pandemic, are the primary factors behind the labor shortages that continue to bedevil many employers.
Supreme Court rules against union in labor dispute involving truck drivers and wet concrete
The Supreme Court has ruled against unionized drivers who walked off the job with their trucks full of wet concrete. The decision in a case from Washington state united liberal and conservative justices in labor’s latest loss at the high court.
The Supreme Court has ruled against unionized drivers who walked off the job with their trucks full of wet concrete. The decision in a case from Washington state united liberal and conservative justices in labor’s latest loss at the high court.
Debt ceiling deal includes new work requirements for SNAP: How they work
The bipartisan debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy would modify the work requirements for food stamps and welfare.
The bipartisan debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy would modify the work requirements for food stamps and welfare.
Debt ceiling: House OKs bill to avoid default, sends Biden-McCarthy deal to Senate
The House has approved the debt ceiling and budget cuts package, sending it to the Senate. President Joe Biden negotiated the deal with Speaker Kevin McCarthy to avert a U.S. default crisis.
The House has approved the debt ceiling and budget cuts package, sending it to the Senate. President Joe Biden negotiated the deal with Speaker Kevin McCarthy to avert a U.S. default crisis.
Debt ceiling: Bill on its way to House floor after clearing key hurdle
Under fire from conservatives, House Speaker Kevin McCarthy is hunting for votes from fellow Republicans for the debt ceiling deal.
Under fire from conservatives, House Speaker Kevin McCarthy is hunting for votes from fellow Republicans for the debt ceiling deal.