Mompreneur shares encouraging advice to anyone looking to start their own business

Heather Sullivan talks with Mignon Francois, a “Mompreneur” who turned her last $5 into a cupcake empire, The Cupcake Collection, while raising six children!

Inflation and interest rate hikes are negatively impacting Americans' financial well-being: survey

Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.

California storms delay vital crops, create potential shortages in grocery stores

As if inflation wasn't squeezing our grocery budgets wasn't enough, bad weather may be raising prices and tightening supplies as well. Here's how crops and your groceries are being impacted.

Groceries, crops impacted by California weather
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As if inflation wasn't squeezing our grocery budgets wasn't enough, bad weather may be raising prices and tightening supplies as well. FOX 26 Business Reporter Tom Zizka reports more on how crops and groceries are being impacted.

Job growth shows resilience in April but also signs of softening

The economy added 253,000 jobs in April, an increase from the previous month but slower than the average gain of 290,000 in the last six months, according to the latest employment report from the Bureau of Labor Statistics (BLS).

Number of new American business applications hits an all-time high

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

Personal loan interest rates edge down for 5-year loans

The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.

Fed doubles down on the fight against inflation, raises rates another 25 basis points

The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.

Shell reports $9.6 billion profit as energy prices slip

Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

Here’s why consumers' credit scores got a boost in March: Report

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Some 14 million jobs won't exist globally in 5 years, report says

Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.

BP reports $5 billion quarterly profit on strong oil, gas trading

BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.