Layoffs begin in the film industry as Hollywood strikes continue

Some businesses haven't had a customer in months, while other companies are concerned about bankruptcy if the strikes continue.

'We have a plan': Biden claims policies are reviving US manufacturing

The president will make the case in a speech in New Mexico Wednesday that his financial and tax incentive policies have revived U.S. manufacturing.

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

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.

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.

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.

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.

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.

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.

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.

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.