Biden cancels $1.2 billion in student loans for borrowers enrolled in SAVE
The first batch of student debt cancellations under the SAVE plan is underway as President Joe Biden announced $1.2 billion in student loan forgiveness six months ahead of schedule.
The first batch of student debt cancellations under the SAVE plan is underway as President Joe Biden announced $1.2 billion in student loan forgiveness six months ahead of schedule.
No relief for seniors as big drop forecasted for Social Security COLA
Early estimates for Social Security benefits and cost of living adjustments are low as inflation slows, but seniors struggle to make ends meet.
Early estimates for Social Security benefits and cost of living adjustments are low as inflation slows, but seniors struggle to make ends meet.
Nearly 40% of Americans say they are behind on monthly bills: survey
The survey by LendingTree suggests that many people in the U.S. may still be struggling amid ongoing, high inflation.
The survey by LendingTree suggests that many people in the U.S. may still be struggling amid ongoing, high inflation.
Existing housing supply builds as homeowners with sub 6 percent mortgage rates return
The share of mortgages with a rate below 6% has fallen from last year's record high, indicating that some homeowners have given up their lower rate to move, according to a recent Redfin report.
The share of mortgages with a rate below 6% has fallen from last year's record high, indicating that some homeowners have given up their lower rate to move, according to a recent Redfin report.
1 in 5 homeowners thinking of selling in the near future: Zillow
Certain states are seeing an uptick in listing as more homeowners are considering selling.
Certain states are seeing an uptick in listing as more homeowners are considering selling.
Student loan borrowers facing financial hardship may qualify for Biden’s new round of debt relief
Student loan borrowers dealing with serious financial hardship may qualify for Biden's new round of student loan forgiveness.
Student loan borrowers dealing with serious financial hardship may qualify for Biden's new round of student loan forgiveness.
Some student loan borrowers are boycotting payments, but the risk is high: survey
Six in 10 student loan borrowers have missed payments since the student loan payment pause ended in October after a 42-month payment and interest accrual pause, a recent Intelligent.com survey said.
Six in 10 student loan borrowers have missed payments since the student loan payment pause ended in October after a 42-month payment and interest accrual pause, a recent Intelligent.com survey said.
Sienna Sauce pulled: Houston teen entrepreneur getting support after Target stores plan to stop selling sauce
Young entrepreneur Tyla-Simone Crayton, founder of Sienna Sauce, faces a setback as Target discontinues their product, prompting a community-wide rally to support and keep the local brand thriving in Houston.
Young entrepreneur Tyla-Simone Crayton, founder of Sienna Sauce, faces a setback as Target discontinues their product, prompting a community-wide rally to support and keep the local brand thriving in Houston.
Senator John Cornyn proposes workforce reentry act
Texas Senator John Cornyn has introduced new legislation, known as the 'Workforce Reentry Act,' aimed at facilitating job opportunities for individuals released from prison.
Texas Senator John Cornyn has introduced new legislation, known as the 'Workforce Reentry Act,' aimed at facilitating job opportunities for individuals released from prison.
Nike cutting 1,600 jobs to cut costs
Nike is laying off 2% of its corporate workforce as it contends with weaker consumer spending.
Nike is laying off 2% of its corporate workforce as it contends with weaker consumer spending.
Mortgage interest rates jumped up this week, along with prices: Freddie Mac
Mortgage interest rates for 30-year mortgages rose to 6.77% this week, up from 6.64% last week.
Mortgage interest rates for 30-year mortgages rose to 6.77% this week, up from 6.64% last week.
Gas prices jolted up by 12 cents as Indiana oil refinery remains closed: AAA
A shutdown oil refinery has led to a large increase in gas prices across the country.
A shutdown oil refinery has led to a large increase in gas prices across the country.
US Department of Education supports colleges and students amid FAFSA delays
The U.S. Department of Education is stepping in to support colleges in sending out financial aid awards sooner to students after an inflation fix to the new FAFSA form delayed the timeline.
The U.S. Department of Education is stepping in to support colleges in sending out financial aid awards sooner to students after an inflation fix to the new FAFSA form delayed the timeline.
Target launches dealworthy low-cost brand: Prices start at under $1
Target's new dealworthy low-cost brand will include everyday items like power cords, undergarments, socks, laundry detergent, dish soap and more.
Target's new dealworthy low-cost brand will include everyday items like power cords, undergarments, socks, laundry detergent, dish soap and more.
Homebuyers feel good about where mortgage rates are headed: Fannie Mae
Fannie Mae survey said that homebuyers feel better about mortgage rates but still don't think now is a good time to buy a home.
Fannie Mae survey said that homebuyers feel better about mortgage rates but still don't think now is a good time to buy a home.
Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech
Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence.
Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence.
Inflation rises higher than expected, further obscuring the timeline on the Fed's interest rate cuts
Inflation slowed from December to January, but remained above the sub-3% growth economists had expected, according to the Consumer Price Index.
Inflation slowed from December to January, but remained above the sub-3% growth economists had expected, according to the Consumer Price Index.
Nearly 89 percent of U.S. homeowners with mortgages have interest rate below 6 percent: Redfin
Over 88% of home loan borrowers have mortgage rates below 6% or 5%, leaving current rates still on the high end.
Over 88% of home loan borrowers have mortgage rates below 6% or 5%, leaving current rates still on the high end.
Consumers bought more secondhand items in 2023, but major purchases are back for 2024
Consumers were thrifty with their spending in 2023, but major purchases like homes and vehicles are expected to rise in 2024.
Consumers were thrifty with their spending in 2023, but major purchases like homes and vehicles are expected to rise in 2024.
Small Business Spolight: B's Wine Bar
We're spotlighting a small Black-owned business for Valentine's Day! FOX 26's Chelsea Edwards is at B's Wine Bar in Missouri City with more from the owner Bonita Billings.
We're spotlighting a small Black-owned business for Valentine's Day! FOX 26's Chelsea Edwards is at B's Wine Bar in Missouri City with more from the owner Bonita Billings.