Federal Reserve Chair Jerome Powell says rate hikes to be decided 'meeting by meeting'
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
US importing baby formula from Mexico to ease shortage
Trucks contracted by the Department of Health and Human Services will drive about 1 million pounds of Gerber Good Start Gentle infant formula from a Nestlé plant to U.S. retailers, the White House said.
Trucks contracted by the Department of Health and Human Services will drive about 1 million pounds of Gerber Good Start Gentle infant formula from a Nestlé plant to U.S. retailers, the White House said.
Dartmoth College will eliminate all federal, institutional loans from undergraduate program
The president of Dartmouth College says the school is removing all federal and institutional loans from its undergraduate financial aid awards and replacing them with expanded scholarship grants, beginning with the current summer term.
The president of Dartmouth College says the school is removing all federal and institutional loans from its undergraduate financial aid awards and replacing them with expanded scholarship grants, beginning with the current summer term.
Native American woman being appointed US treasurer, a historic first
The first Native American is set to be nominated for U.S. treasurer, which oversees the U.S. Mint.
The first Native American is set to be nominated for U.S. treasurer, which oversees the U.S. Mint.
American Airlines ending service in three cities due to pilot shortage
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.
Ford CFO flags increase in car loan delinquencies
Average monthly car loan payments hit a record of $656 for new vehicles, $546 for used vehicles in May: Edmunds.
Average monthly car loan payments hit a record of $656 for new vehicles, $546 for used vehicles in May: Edmunds.
Gas prices soar around the world amid Russia-Ukraine war, rebound from COVID-19
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
US Treasury Secretary Janet Yellen says recession is not inevitable
She also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
She also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
Crypto crash: Bitcoin falls below $20,000 as selloff continues
It's the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets.
It's the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets.
Wheat and barley shortage: How Russia-Ukraine war triggered a global food crisis
Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn.
Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn.
Comal ISD students receive $564,572 in scholarships from community partners
477 scholarships were awarded to seniors across Comal ISD's five high school campuses, surpassing the district's local scholarship goals for the year.
477 scholarships were awarded to seniors across Comal ISD's five high school campuses, surpassing the district's local scholarship goals for the year.
100 million Americans carry medical debt with some owing more than $10K, poll finds
Some people say they have medical debt they owe to a relative or friend for a loan they received to pay a medical or dental bill.
Some people say they have medical debt they owe to a relative or friend for a loan they received to pay a medical or dental bill.
How rising interest rates make borrowing more expensive, benefit savers
The Federal Reserve is signaling that it will raise interest rates above 3% by the end of the year as it struggles to control inflation without plunging the economy into a recession.
The Federal Reserve is signaling that it will raise interest rates above 3% by the end of the year as it struggles to control inflation without plunging the economy into a recession.
City of Austin votes to raise minimum wage to $22 an hour for city employees
Several employees testified during the June 16 council meeting arguing a higher wage is needed due to inflation and it would allow them to earn a livable wage in Austin.
Several employees testified during the June 16 council meeting arguing a higher wage is needed due to inflation and it would allow them to earn a livable wage in Austin.
Seniors take jobs as lifeguards as YMCA struggles to find workers
During the summer, it's typical to see a teen or college student working a summer job as a lifeguard, sitting in a tall chair at your pool or beach. However, as the YMCA struggles to find workers, retired seniors are showing up to fill shifts.
During the summer, it's typical to see a teen or college student working a summer job as a lifeguard, sitting in a tall chair at your pool or beach. However, as the YMCA struggles to find workers, retired seniors are showing up to fill shifts.
Average US mortgage rates hit 5.78%, highest level since 2008
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve raising its key rate in a bid to tame inflation.
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve raising its key rate in a bid to tame inflation.
Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
Biden tells oil refiners: Produce more gas and diesel, fewer profits
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
Americans feeling the stress from inflation
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.