Inflation rate: Companies maintain high prices

Although inflation continues to slow down, from a one-time high of more than nine percent, a lot of consumers are still finding prices stubbornly high. FOX 26 Business Reporter Tom Zizka says many of the companies that make things we buy want to keep it that way.

Sports Illustrated planning to lay off most, if not all, staff

The publisher of Sports Illustrated has notified employees it is planning to lay off a significant portion — possibly all — of the outlet's staff after its license to use the iconic brand's name in print and digital was revoked.