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.
Small Business Spotlight: Lamont Brands
One local small business is helping Houstonians elevate their brand from embroidery to screen printing and laser engraving. FOX 26's Ruben Dominguez has a look inside "Lamont Brands" with their services.
One local small business is helping Houstonians elevate their brand from embroidery to screen printing and laser engraving. FOX 26's Ruben Dominguez has a look inside "Lamont Brands" with their services.
Inflation pushes household spending
Financial markets had a significant selloff after the government reported January inflation was higher than expected. FOX 26 Business Reporter Tom Zizka says for customers, the news is something many already know.
Financial markets had a significant selloff after the government reported January inflation was higher than expected. FOX 26 Business Reporter Tom Zizka says for customers, the news is something many already know.
Millennials are desperate to buy a home, most willing to pay a mortgage rate above 7 percent: survey
Affordability challenges aside, 78% of millennial respondents in a recent Real Estate Witch survey still believe in the dream of homeownership.
Affordability challenges aside, 78% of millennial respondents in a recent Real Estate Witch survey still believe in the dream of homeownership.
U.S. raises are trending down this year as the job market cools
Employers are planning to raise wages by 4%, on average this year, higher than 2021, but lower than 2023.
Employers are planning to raise wages by 4%, on average this year, higher than 2021, but lower than 2023.
Missed student loan payments set to affect credit scores again by the end of 2024: Here’s how to prepare
Borrowers who miss student loan payments will see repercussions again by September, thankfully there are forgiveness options.
Borrowers who miss student loan payments will see repercussions again by September, thankfully there are forgiveness options.
Bob's Red Mill founder Bob Moore dies at 94
Bob Moore, Bob’s Red Mill founder, will be remembered for “his energy and larger-than-life personality," the company said. He started the whole grain company in the late 1970s with his wife.
Bob Moore, Bob’s Red Mill founder, will be remembered for “his energy and larger-than-life personality," the company said. He started the whole grain company in the late 1970s with his wife.
Houston voted worst coffee city in the country: survey
Houston is known for having a lot of great things, but a recent survey says they city has the worst coffee in the country and one Houston coffee shop owner offered their input.
Houston is known for having a lot of great things, but a recent survey says they city has the worst coffee in the country and one Houston coffee shop owner offered their input.
Houston named worst coffee-city: survey
Houston has a lot of great things to brag about, but according to a report, coffee isn't one of them. FOX 26 Business Reporter Tom Zizka says a new survey reports Houston is the worst coffee city in the country.
Houston has a lot of great things to brag about, but according to a report, coffee isn't one of them. FOX 26 Business Reporter Tom Zizka says a new survey reports Houston is the worst coffee city in the country.
Gas and oil prices are on the rise as warm weather brings more demand
Gas prices are up from last month, but down $0.29 compared to last year.
Gas prices are up from last month, but down $0.29 compared to last year.