2 Americans awarded Nobel Prize in economics

Americans Paul R. Milgrom and Robert B. Wilson have won the Nobel Prize in economics for “improvements to auction theory and inventions of new auction formats.”

Biden hits Trump on economic fallout amid COVID-19 pandemic in critical Pennsylvania county

Democratic presidential candidate Joe Biden is blistering President Donald Trump as only pretending to care about the working-class voters who helped flip the Rust Belt to the Republican column four years ago.

Feds: Man stole $17M in COVID-19 relief, bought luxury cars, houses

A Texas man has been accused of stealing $17 million in COVID-19 relief funds and spending the money on luxury cars and houses.

Layoffs continue as 840,000 seek unemployment aid

The government will provide its latest picture Thursday of the pace of layoffs in the United States, which have remained high since the viral pandemic erupted in March while federal aid for the jobless has lapsed.

FOX 7 Discussion: Coronavirus relief negotiations

Michael Sury, senior lecturer and economist at UT Austin, joins Rebecca Thomas on FOX 7 Austin to talk about the possibility and impact of a new federal coronavirus stimulus deal.

IRS reaching out to millions who have not claimed $1,200 stimulus check

The head of the IRS, on the defensive over millions of Americans in danger of missing coronavirus relief payments, says the agency is reaching out to low-income and homeless people, military personnel and veterans and those with limited English to notify them they may be eligible.

Mortgage refinances are booming — here's why you should apply today

A new A new mortgage refinance fee could cause interest rates to rise soon — so if you're looking to save money on your home loan, you better act fast.fee could cause interest rates to rise soon.

How you could win cash watching Pence-Harris VP debate

Think you know what will happen at Wednesday’s vice presidential debate? Make your predictions in the FOX Bet Super 6 app, and you could win some cash.

Fed chair warns lack of further COVID-19 stimulus imperils economic recovery

Federal Reserve Chair Jerome Powell warned that a recovery from the COVID-19 pandemic recession could falter unless the federal government supplies additional stimulus relief.

Trump halts COVID-19 stimulus talks until after election

President Donald Trump says he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election.

Geneva votes to increase minimum wage to $25, believed to be highest in the world

Geneva voted for the minimum wage to be increased to $25, making it the highest minimum wage in the world, according to the Geneva Trade Union Action Community.

Fundraiser for family of SC police officer killed in line of duty raises more than $21K

A South Carolina-based nonprofit is raising money to support the family of a Myrtle Beach police officer who was fatally wounded in the line of duty over the weekend.

Hiring slows for 3rd month; US unemployment rate falls to 7.9%

America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened.

FOX 7 Discussion: Considering Project Connect, Prop A

Peck Young with Voices of Austin joins Mike Warren on FOX 7 Austin on the group's property tax calculator for Austinites to see how much their property taxes will increase if Prop A passes in November.

Layoffs remain high as 837,000 seek unemployment aid

The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.

United and American Airlines furloughing 32,000 employees

The moves by two of the nation's four biggest airlines represent the first -- and likely the largest part -- of involuntary job cuts across the industry in coming days.