NYers getting 'inflation refund checks': Some say it's a gimmick
New York Gov. Kathy Hochul announced inflation refund checks aimed at providing relief to New Yorkers. However, the initiative has faced criticism from certain political figures who are questioning the method and execution of the plan. FOX 5's Morgan McKay highlights the political backlash and ongoing debate surrounding the refund checks.
Walmart raising prices due to tariff costs: What we know
Walmart says it will raise prices to counter higher costs from President Donald Trump’s tariffs, despite strong quarterly sales.
Why student loan delinquencies are soaring - and credit scores are dropping
Millions of student loan borrowers saw their credit scores drop by more than 100 points after student loan delinquencies began showing up on credit reports again this year.
Nissan increases job cuts to 20K by 2027
The Japanese automaker aims to save $3.4 billion by 2027 amid financial losses and concerns over President Donald Trump's tariffs.
Microsoft to lay off about 3% of its workforce
Microsoft announced a round of layoffs this week that will affect thousands of employees.
April CPI inflation report: Egg prices decline for first time in months
Eggs got cheaper in the U.S. last month after setting records at the start of the year, according to April's CPI inflation report. Here's how some other grocery items fared.
Gold prices hit $3,200 an ounce — and Americans are cashing in
Gold prices are nearing $3,200 an ounce—and Americans are digging through drawers, safes, and jewelry boxes to cash in.
More Americans are 'not confident' that Social Security will be available, poll finds
More Americans, particularly Democrats, say they aren’t confident that Social Security will be available to them in the future, according to a new poll.
Fed rate and tariffs: Why interest is unchanged again, and what it means for you
Despite the Trump administration’s push for a rate cut, The Fed announced Wednesday it’s holding steady – and the president’s tariffs were a big deciding factor.
This Bay Area native just unseated Taylor Swift as world’s youngest self-made woman billionaire
At age 30, a Bay Area native and artificial intelligence entrepreneur has now dethroned celebrity powerhouse Taylor Swift as the world’s youngest self-made woman billionaire, in a new Forbes review.
Americans seeing quicker, higher tax returns from IRS in 2025
The average tax refund is larger than last year's so far, though IRS officials report issuing fewer refunds
Shoppers rush to beat tariff hikes
A wave of pre-tariff sales is sweeping across the U.S. as retailers brace for steep price hikes on goods imported from overseas — especially from China. From baby gear and electronics to vehicles and household essentials, many popular products could jump by hundreds of dollars due to new trade tariffs. FOX 5’s Teresa Priolo reports.
Business owner facing steep tariffs tests whether people will pay for 'Made in USA'
A business offered customers a choice between a foreign-made product or the same item made in the U.S. at a much higher cost - and was overwhelmed by the results.
Private sector added 62K jobs in April, well below expectations, ADP says
Private sector job growth slowed sharply in April, with companies adding just 62,000 positions—well below expectations—as employers navigated economic uncertainty, according to ADP.
Here's how many Americans now say inflation is their top financial worry
Cost of living and affording basic needs combined with inflation were among the major concerns for Americans and their families based on findings from a recent poll.
U.S. economy shrank in first quarter; first drop in three years
Economic growth in the first quarter was impacted in part by a rise in imports as U.S. companies attempted to bring in foreign goods amid the enforcement of tariffs.
‘Common Cents Act’ would direct Mint to end production of the penny
New legislation - the Common Cents Act - was introduced this week to eliminate the production of pennies, which the Treasury says cost 4 times their value to make.
Is Amazon showing tariff costs? How Shein and Temu are handling Trump’s changes
President Trump’s tariff and customs changes have begun affecting how many Americans shop online. Here’s what Amazon, Shein and Temu are saying amid rising operating costs.
Social Security May payment schedule: Here's when beneficiaries will get their checks
Here is the May Social Security payment schedule for retirement, disability and survivor beneficiaries, as well as those who receive Supplemental Security Income.
How is the economy after Trump's first 100 days?
As President Donald Trump marks his first 100 days in office, he highlighted economic growth and falling inflation, even as reports show a slowdown.