Top US cities where Americans are adding the most debt

Americans are increasingly turning to their credit cards to cover expenses nationwide. However, some U.S. cities are accumulating new debt at a faster pace than others, according to a new report.

Economist urges Fed to meet 'now' to cut rates as stocks tumble: It's a 'frightening time'

Economist Stephen Moore urged the Federal Reserve to address falling commodity prices and shift from inflation concerns to deflation, while Fed Chairman Jerome Powell indicated a potential rate cut if inflation cools, amidst a market meltdown driven by recession fears.

Dow drops 1K points, Japanese stocks suffer worst crash since 1987

Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.

Austin rent prices down: FOX 7 Focus
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Austin rent prices have decreased compared to last year. Austin realtor Olivia Vale joins FOX 7 Austin's John Krinjak to discuss in this FOX 7 Focus.

Dow, S&P 500, Nasdaq have worst session since 2022

U.S. stocks registered the worst session since 2022 after a string of weak economic reports jolted investor fears that a recession may be brewing. 

Study ranks US states with most financially-distressed residents

WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.

New FAFSA issue could delay financial aid for college students this fall

Some college students may not be able to pay for tuition, books and other bills when classes start in a few weeks due to the latest hiccup in submitting federal financial aid forms.

Federal Reserve sees progress with inflation, hinting that a rate cut is near

The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.

Here's how much teachers spend out of their own pockets for their classroom

With a new school year starting soon, teachers like parents are spending more on school supplies ensuring students have what they need in the classroom.

US national debt tops $35 trillion, hitting new record

The U.S. gross national debt hit $35,001,278,179,208.67 on Monday, according to the Treasury Department.

US economic growth increased last quarter to a healthy 2.8% annual rate

The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.

Apartment prices in Austin have come down, experts say

Apartment prices in the Austin area have come down significantly in the last year, and there are plenty of bargains to be had. Experts say it’s a renter’s market, meaning if your landlord is trying to raise your rent, you can likely negotiate it down.

Americans are falling behind on their car payments, data shows

Recent data from auto experts shows that Americans are struggling with car payments, with the number of defaults industrywide up in the first half of 2024.