US inflation may have increased in October: Here's what's rising in price, and what's leveling off
A rise in prices could make the Federal Reserve less likely to cut its key interest rate in the coming months. But most economists believe inflation will continue its slowdown.
Turkey prices drop for Thanksgiving 2024
This Thanksgiving, hosting dinner might be a little easier on your wallet. Turkey prices have dropped 12% compared to last year, along with savings on popular sides like cranberries and potatoes. FOX 5's Jodi Goldberg has the story.
Medicare premiums increasing in 2025: Here's how much
Medicare’s premium increase for Part B in 2025 outpaces both inflation and the Social Security cost-of-living adjustment (COLA).
Federal Reserve cuts its key interest rate by a quarter-point on heels of election
The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.
Inflation may be coming down but that doesn't mean prices will, expert explains
Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.
TGI Fridays files for bankruptcy: Details
According to the filing, the company is exploring options to remain in business while keeping 39 of its restaurants open.
TGI Fridays files for bankruptcy, COVID-19 pandemic blamed for financial woes
TGI Friday's has filed for Chapter 11 bankruptcy protection.
Social Security November 2024 payment schedule: Here’s when beneficiaries will get their checks
It's officially November. Here's the Social Security payment schedule for the month, including when SSI beneficiaries will get paid for December ahead of time.
Man wins $1M from lottery ticket he bought with money found in parking lot
The winner found $20 in a parking lot outside of a Speedway in North Carolina.
Infant care costs roughly 10% of a family's annual income in nearly all states, study finds
A new study reveals that child care expenses are absorbing a significant portion of family household incomes nationwide.
'90s fitness guru lost multimillion-dollar empire, delivered for Uber Eats in ‘desperation’
Susan Powter's financial downfall after building a fitness empire was due to the mismanagement of her fortune. The '90s fitness guru claimed she delivered for Uber Eats.
New plan would cancel student loans for those with financial hardships
Student loan borrowers who face steep medical bills, child care costs and other types of financial hardship could see their student loan debt erased under a new proposal.
Social Security: Here's how far the average check goes in 50 largest US cities, according to study
Millions of Americans receive Social Security benefits and depending on where you live, the check might stretch a little more for expenses based on findings from a recent study.
Social Security: It'll be harder to qualify for retirement benefits starting in 2025 — what to know
It will become slightly harder to qualify for Social Security benefits in retirement next year amid a change related to the value of a work "credit."
IRS announces higher standard deductions for 2025
The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.
Should minimum wage be lower for workers who get tips? These 2 states will decide
The amount of money tipped workers make varies depending on the state. Currently, 14 states pay the federal minimum, or just above $2 an hour for tipped workers and $7 an hour for non-tipped workers.
A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it
America's youngest adult generation is projected to live longer than previous generations, but few of them are preparing for a traditional retirement.
A closer look at how Trump's economic plan could impact inflation
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Holiday spending projected to hit new record this year
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
New online course helps 'Empty Nesters' thrive
Arizona State University is offering a new online course, "Thriving in Your Empty Nest Chapter," to help parents navigate the emotional challenges of becoming empty nesters. FOX 5's Jessica Formoso has the story.