Trump's promise of higher tariffs means consumers will have fewer choices when buying cars, economists say
One economist told FOX 2 that tariffs do not work and that consumers will "pay the price" if the president-elect moves forward with his economic plan.
One economist told FOX 2 that tariffs do not work and that consumers will "pay the price" if the president-elect moves forward with his economic plan.
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.
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.
Detroit to begin accepting cryptocurrency as payment for taxes
Once available, Detroit will be the largest city in America to accept bitcoin and other cryptocurrency as payment.
Once available, Detroit will be the largest city in America to accept bitcoin and other cryptocurrency as payment.
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.
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, COVID-19 pandemic blamed for financial woes
TGI Friday's has filed for Chapter 11 bankruptcy protection.
TGI Friday's has filed for Chapter 11 bankruptcy protection.
Social Security November 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.
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.
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.
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.
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.
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: 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."
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."
As the business world changes, MSU adapts its curriculum for the future workforce
The goal of the business college's reworked lesson plans is ensure graduating seniors are hirable right after getting their diploma.
The goal of the business college's reworked lesson plans is ensure graduating seniors are hirable right after getting their diploma.
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.
The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.
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.
America's youngest adult generation is projected to live longer than previous generations, but few of them are preparing for a traditional retirement.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
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.
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.
Tax extension deadline on Oct. 15: What to know about filing late returns
For Americans who filed for a tax extension for the 2023 tax year, the deadline is on Tuesday, Oct. 15, 2024.
For Americans who filed for a tax extension for the 2023 tax year, the deadline is on Tuesday, Oct. 15, 2024.
Some Social Security recipients will get two payments in November. Here's why
Those who receive Supplemental Security Income (SSI) will receive an additional check in November due to how the payment schedule is lined up.
Those who receive Supplemental Security Income (SSI) will receive an additional check in November due to how the payment schedule is lined up.
Social Security COLA 2025: Recipients to receive 2.5% increase next year
The cost-of-living adjustment, or COLA, was announced on Thursday. Here’s what to know.
The cost-of-living adjustment, or COLA, was announced on Thursday. Here’s what to know.
HBO filmmaker believes he found bitcoin's creator, whose identity has been unknown
The identity of bitcoin's inventor has been a mystery, but the creator of a new HBO documentary believes he may have uncovered the person's identity.
The identity of bitcoin's inventor has been a mystery, but the creator of a new HBO documentary believes he may have uncovered the person's identity.