Plano-based mortgage company is latest to lay off workers as mortgage industry cools off
In what is a sign of slowing demand, Plano-based First Guaranty Mortgage Corporation has laid off the majority of its staff. Other companies are more likely to see more workforce cuts.
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.
Phoenix gas station selling fuel way below the average: 'We are helping our community'
The owners of a gas station who practice the Sikh religion have decided to help people when they need it most, and they're doing it by lowering their gas prices in Phoenix.
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.
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.
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.
Emergency Management Services are feeling the strain of rising fuel costs
MedStar is having to dip into its rainy day fund to keep its 50 ambulances fueled. For June 2022, they are on track to spend nearly triple what they spent in June 2021.
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.
North Texas small business owners concerned about interest rate hike
It’s a scary time for small business owners who have been dealing with record inflation, both as a consumer and with trying to run a company.
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.
Dallas City Council warned of inflation impact on city budget
Dallas may have a tighter budget next fiscal year due to a huge increase in the living wage as well as higher fuel costs.
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 slips into a bear market; here’s what that means
Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market.
Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operations
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Gas prices hit $5 nationwide for the first time ever
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
Biden blames pandemic, Putin as high US inflation persists
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
US inflation hit 8.6% in May, a new 40-year high
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
May jobs report: US added 390,000 jobs last month as hiring remained robust
U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.
Walmart to create 4,000 jobs with 4 new fulfillment centers
The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.
US gas prices could top $5 a gallon by mid-June, analyst predicts
With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.